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2024-12-31-accounts

REGISTERED CHARITY NUMBER: 1149547

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ST GILES PAROCHIAL CHURCH COUNCIL

ST GILES PAROCHIAL CHURCH COUNCIL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page
Report of the Trustees 1 to 13
Report of the Independent Auditors 14 to 16
Statement of Financial Activities 17
Statement of Financial Position 18
Notes to the Financial Statements 19 to 27
Detailed Statement of Financial Activities 28 to 29

ST GILES PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Highlights from 2024!

. There is a faithful albeit small group who meet through daily and weekly zoom and monthly in-person prayer sessions as well as making pastoral prayer available where possible as part of our Sunday services. . We have met with over 600 children through our outreach work in schools!

. Our Sunday morning work with children and young people continues to grow.

. We have had an average of 60 people attending Take-A-Break through the summer.

. We have connected with about 70 students and young adults through 2024 at Sunday services and Thursday nights. . Some of our young adults have helped lead Alpha at Broadmead Community Church and our monthly YA service is growing in leaders.

. Daniel Blight joined us as an intern and will continue during 2025.

. We have a grant from a legacy fund through the diocese for the allotment. With this we have been able to replace lots of the raised beds sides, and we are looking to build a decking area for seating to do bible studies. All done by the Students and Young Adults that are connected through St Giles.

. The University Multi-Faith centre team with whom Ruth has a close working relationship has grown by 6 more chaplains, including one more Catholic, Methodist and Anglican chaplain.

. We have provided 400 cooked dinners through our weekly ‘Open Dining Room’ from November-March. . We have supported a wide range of local mission groups, including the University Foodbank via FISH, Eve and Baby Basics. Our musicians and AV Teams have provided music-led worship for all but a handful of the 106 church services throughout the year!

Our children & young people are getting involved in the ‘production’ of our services, serving on our Sound and Visual desks. . Our churchyard now has CCTV coverage to help reduce anti-social behaviour. . We have eleven home groups meeting regularly with demand for more places to be available. . Our property team have ensured that our building stays safe and light, power and heat are available when we need them!

Welcome from our Vicar

2024 has been a really encouraging year in the life of St Giles. My desire for us as a church was to become more stable and sustainable whilst remaining missional. We began the year facing challenges of how to do this, including a significant financial challenge that we shared with the church community, but God has led us by his Spirit and provided.

What we then saw throughout the year was people often turning up on a Sunday and at midweek groups wanting to explore Christianity and some going on a journey of faith. We saw 2 children having a service of thanksgiving and dedication, 8 people getting baptised, one renewing her baptism vows and two being received into the Church of England.

We saw growth in the amount of children, families, students and young adults we had contact with. We saw growth in home groups both in numbers attending and in the amount of home groups, and we’ve seen numbers attending on a Sunday rising.

Our Giving Day in September was a particular encouragement, when we set a target at raising £35,000 to keep us sustainable for 2024, and we received over £90,000. This meant that we were able to pay our full parish share for 2024 and we were able to make our Student and Young Adult Mission Lead role a permanent full time position.

Although we are not out of the woods yet, and we have confirmed that we can only pay 2/3rds of Parish Share this year, we are trusting that God will provide, and we are looking to hold another Giving Day this Autumn.

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ST GILES PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Thank you so much to everyone for all that you contribute to the life, ministry and mission of St Giles. All that we do would not be possible without you. Every part of the body is so valuable and I am thankful for you all. Above all, I am thankful to God for all that he has done amongst us and we look forward to seeing what he will do in and through us in 2025.

Josh Thorne

OBJECTIVES AND ACTIVITIES Significant activities

The activities are:

Public benefit

The trustees have had regard to the Charity Commission guidance on public benefit.

The trustees believe that the public benefits of the PCC's work are:

The PCC's charitable objects (Promoting in the ecclesiastical parish the whole mission of the Church) equate to the advancement of religion, which is recognised as a charitable purpose having public benefit. All regular public worship is provided free of charge and open to all. In addition, the PCC's activities as listed above have further public benefits: for example, teaching and taking assemblies offer advancement of education which is recognised as a charitable purpose having public benefit. Donations to other charities and our own projects provide public benefits in the relief of poverty and need, often for minority groups with particular needs such as the elderly. Any member of the public may take part in Church of England activities and services so benefits are to the whole public.

Volunteers

The Trust relies heavily on volunteers and would not be able to function without their generous giving of both time and finances.

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ST GILES PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

ACHIEVEMENT AND PERFORMANCE Charitable activities

Alpha

In 2024, we did not run the Alpha Course, although some young adults supported Broadmead Community Church when they ran the course. Evangelism has happened in different ways across ages throughout the year and so whilst this has continued, I have not sought to gather a team to run Alpha. We are seeing youth and young adults coming to faith, parents of children who link in with our children and families’ ministry are on journeys exploring faith, and all of this is often encouraged by people building relationships with others and sharing their faith, and also through people being welcomed at Sunday services, staying, finding community and exploring Christianity. It has been exciting this year to receive people into the Church of England who have come back to faith and baptise new believers.

Alpha remains a brilliant way to introduce people to Christianity and we will no doubt run the course in the future at the appropriate time.

Children and Families

Our children’s and families work has seen an increase in 2024.

Toddle In is continuing to meet two days a week, and is continuing to grow with new families attending nearly every week.

Open Dining Room re-started in October and has seen a number of families coming each week for a hot meal and crafts and games for the children.

We ran Take-A-Break over the summer holidays, which saw an average of approx. 60 people attending the sessions in church each Wednesday afternoon.

Our Sunday morning groups continue to meet, and we are now able to run the pre-school group twice a month. We would love to be able to begin running this every week in 2025.

Churchwardens

As church wardens we are elected by the church members and responsible to the Bishop. It is our duty to provide support to the vicar in every way possible and ensure that nothing stops the delivery of our services of worship.

Over the year we have continued to support Josh and the PCC as they have sought to do God's will. We would like to thank everyone who works or serves at St Giles for all of the ways they help in this mission.

I (Stephen) would like to add a personal thank you to David for his patience and wisdom these past two years.

Creation Care and Renewal

Work continues on the churchyard as the community group, which I am part of, has secured some extra funding for Northampton in Bloom. Working with partners NTC, WNC, Northampton BID and Northampton College the group has managed to tap into the Abington street works repurposing and restoring hanging basket poles and benches and had the doglegged wall area resurfaced with new planters built which will be planted this year. The Group collected an ‘Outstanding’ award in the RHS ‘It’s your neighbourhood awards’ in 2024 as a result of this. One point I will raise to the PCC is as creation care is a mark of Anglican mission, why isn’t it included in home mission? We don’t budget for any investment in the churchyard such as bird/bat boxes/new trees. Everything has come from external funding and bulbs were planted in the autumn by the local community. In the autumn I also attended Northampton Ecumenical Eco Group’s Care for Creation event at St Peter’s Weston Favell. It was an excellent event which would have been useful for the church as it had some brilliant resources for all ages. It was a shame that it wasn’t supported more by our church. I am re-entering the churchyard into the wildlife trust conservation scheme this year- it only costs £5 and the awards are valid for 3 years. Various meetings with WNC and their contractors have been frustrating this past year but we celebrate the small wins. Hoping the church as a whole becomes a bit more hands on with creation care in 2025.

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ST GILES PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Deanery Synod

The Deanery Synod convened for three formal meetings after the St Giles 2024 APCM.

St Giles non-clergy representation at Deanery Synod was doubled this year. Peter Day and Stephen Hewitson were joined as Synod representatives by Dave Smith and Neil Richards.

In June, members of the Deanery Synod met at St Mary’s Church Far Cotton. Rural Dean Oliver Coss led the meeting. Matters shared included an increase in homelessness since the pandemic. The main area of sharing was in hearing different views held by churches on the intersection of homosexuality and Christianity in light of ‘Prayers of Love and Faith’ from the Bishops. Two letters were read out to the Deanery Synod from two parishes with opposing views in relation to PLF. There was time for reflection and hearing people’s views around the Deanery.

In September, we met at All Saints’ School, Kingsthorpe. Oliver Coss led the meeting. The Treasurer shared about low contributions to Parish Share. Bishop Debbie gave an address and from the floor received commitments to pray for her. She also took questions about maintaining her silence on PLF matters. She mentioned taking the time to get the message right. The evening closed with an encouragement from the floor with Ali Wagner (former curate at St Giles) sharing that Churches, as a body, are hurting, but that does not mean we stop moving.

In November, Deanery Synod was held at St Giles Northampton. Three members of Mothers Union spoke; Helen Lynett - Diocesan President, Revd Deborah Marsh and their chaplain Bishop Andrew Proud. There were reports from the Deanery Treasurer and the Diocesan Advisory Committee and Faculties. The evening was closed by prayers from the Assistant Rural Dean.

Home Groups

Home groups are small communities that currently gather every week to provide a space for friendship, encouragement and support, as well as prayer and bible study, and often sharing food together. They are a great way to find community and grow in discipleship at St Giles.

It has been wonderful to see home groups growing in numbers and two new home groups forming this year. We now have approximately 40% of adults who are linked to our church being part of a home group, which is really encouraging.

A special thank you to home group leaders who contact, gather and support those in their groups, and to everyone who invests in their home group. My hope and prayer is that groups continue to thrive as we grow together in our discipleship.

If you would like to join a home group, please speak to Josh Thorne or Helen Goff in the Church Office to find out more information.

House of Prayer

Corporate zoom prayers continue each weekday morning and Thursday evening. We also pray corporately in person on the last Saturday of each month. Grateful thanks to the teams for their persistence in praying, leading and supporting.

We believe that persistence in intercession day by day and week by week are what The Lord requires of us at the current time. There is a sense that as our church faces this new season, and with the world, UK and UK church facing immense challenges, we need more and more to be on our faces before God. Consider joining us if you can.

We also intercede for the ministries at St Giles and, where we have permission, for those who are sick or bereaved amongst us. Please therefore send through requests and also details of answers to prayer. We love thanking God for these as well as praising Him for who He is.

Men @ St Giles

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ST GILES PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

We've hosted a variety of events for the Men of St Giles in 2024 and have seen some new faces attending, both young and old. Events have included a walk and pub lunch, a curry night, a movie night, a summer BBQ and the popular Men's breakfasts, one of which featured a brilliant talk by Paul Cooper about science and faith. It's been great to see Men connecting in friendship and fellowship together.

The Men also celebrated victory over the Women in the annual Men's vs Women games’ night in April. A fun (and very competitive) night for all involved.

Looking ahead to 2025 I'm hoping to continue hosting a variety of Men's events and hope we will connect with Men that might not normally attend church but can feel comfortable attending one of our meetings. Look out for events in the notice sheet and on Facebook.

Mission on our Doorstep

Mission on Our Doorstep aims to keep local mission needs in the congregation’s minds, as well as supporting (by prayer and financial gifts) a number of national organisations which we have contact with as a church and who supply us with support and resources. This year we have stopped supporting Christians in Sport and now support The Lighthouse Trust, a local charity working in schools.

We provide a collection point in church for the University Foodbank and Baby Basics (supplies for new babies and their mums). We have also had a Harvest collection for the Foodbank and collections for Eve (toys and toiletries) at Mothering Sunday and Christmas, which have been much appreciated. We continue to explore practical ways of supporting the local organisations we have contact with.

We hope to encourage more practical service to local organisations that we have links with.

Music and Worship

Praising the Lord in song is just one way in which we can offer worship to God for all that He is, all that He has done for us and all that He means to us. I am so grateful to those who give of their time and talents to lead our worship week-in, week out. That’s around 106 services a year!

If you enjoy singing or playing an instrument and are interested in joining those who enable our music led worship, please contact Stephen Hewitson for more information. You don’t need music grades or years of experience, just a willingness to offer your best to our amazing God!

Pastoral Prayer

Over this last year we have continued to be available to pray for people during morning communion services and occasionally at other services as well. We have also prayed for a small number of people in the week who have needed an extended time of prayer. We have been very encouraged by people letting us know about answered prayer. The team is led by Denise Bridgens, assisted by Mike Kingman and Serena Yong, and we meet regularly to pray and plan. The team meet each month for worship and prayer as well as teaching.

PCC

The PCC met formally six times during 2024. Stephen Hewitson and David Lidbetter continued in their roles as churchwardens following the APCM in April.

Issues discussed and dealt with at this year’s meetings included:

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ST GILES PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The PCC have also been working through CPAS ‘PCC Tonight’ materials, to reflect on the role of being an effective PCC, and hosted a church prayer evening in September ahead of the Church Giving Day.

The most recent PCC minutes are displayed on the notice board in church. We give thanks to God for all PCC members who give their time to PCC business.

Property Committee

Works have been confined to maintenance of the buildings with most of this being undertaken ‘in-house’. Due to the financial challenges faced by the church, some of the less urgent items from the last Quinquennial Survey have been deferred and will be included within schedules of work arising from the next Quinquennial Survey to be undertaken in 2025.

The response to the gift day gives confidence that we will be able to undertake works that have been deferred and continue to maintain our buildings in good order.

Thanks go to Rob Brown, Janet Crane and Mike Holmes for all that they do to keep our buildings in good order.

Safeguarding

Safeguarding remains at the heart of all we do to provide a safe place for all to worship and a warm welcome to all who come to St Giles.

Safeguarding is once again driving discussions and decisions within the Church of England, and we all share a responsibility to play our part in ensuring our church is a safe place for all. Following the publication of the Makin report there are a number of recommendations suggested for local churches. Ensuring risk assessments, safeguarding training and DBS checks are up to date for all in leadership and positions of responsibility for St Giles groups is a requirement and making sure this is up to date is vital.

Ensuring individuals we support financially also maintain the highest standards of safeguarding and are able to demonstrate their commitment to this is also vital to our safeguarding responsibility as a church.

We continue to respond to safeguarding concerns in line with our Safeguarding policy. We have responded to a small number of concerns requiring referral to external agencies and are continuing to working with these agencies as required.

PCC receive safeguarding updates at each meeting and our Safeguarding policy is reviewed annually and updated in line with diocesan and national recommendations.

Schools

In June I was able to support Lighthouse Trust in running transition workshops and prayer spaces for year six children in a number of primary schools. We ran transition workshops in one school independently, and plan to offer this to more schools this year.

I have been doing regular assemblies in Abington Vale and All Saints this year. We have also been contacted by a number of other schools in the last year to arrange a visit to the church. We welcomed three different schools into our building, and we have had contact with over 600 children through our work in schools.

Our Partnership with Lighthouse Trust has continued through this year. We have a number of plans to develop our work in schools in 2025. These plans include improved transitions workshops for year 6, working to develop our Christmas and Easter provision, and continued school visits, lessons and assemblies. If you would like to be involved in this exciting ministry please talk to Beth.

Seniors Ministry

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ST GILES PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Thursday Communium Service and Lunch Club: There is a regular congregation of around 24 on a Thursday morning. New people have started coming this year, which is always good to see. Although this is, on paper, a ‘traditional’ style service, there is a friendliness and informality, and a real sense of fellowship and community. Revds. Peter Allen, Nicola Aylett, James Howson and Josh Thorne have led, with Liz Kitwood and Daniel Blight contributing as occasional preachers, and Penny Ballard and Rob Brown supporting with music.

August gatherings were once again "Tea & Toast and Testimony" weeks. These were good times of fellowship, and gave opportunity for various members of the congregation to share their testimonies, which were greatly appreciated. Many thanks to Serena Yong for organising.

Lunch Club has continued, once a month, and is very much enjoyed by all who come. We are very thankful to Val and Mike Holmes and Helen Hayward for making this possible.

Ministry to Care Homes: Monthly services have continued at Spencer House and Cliftonville Care homes this past year, alternating between ‘Songs of Praise’ and Communion Services. Highlights included the Christmas Carol service s, with over 20 attending in each home.

In January 2025, Nicola was asked to take the funeral of one lady from Cliftonville Care, at St Giles Church – perhaps one indicator of the growing link over the past few years.

At Christmas we also led two services at The Venton Centre, resulting in a re-start to regular services there. Peter and Sheila Angus are leading the Venton Centre team, and we are praying for new people to join this ministry.

We are very grateful for Ted Harding’s faithful service in playing the piano for all these services. We would love to find at least one more pianist who could share the load with him.

Senior Fellowship: Senior Fellowship continued to meet on the 2nd and 4th Wednesday of each month at 2.30pm in the Church Centre throughout the year. We had visiting speakers on a wide range of subjects, quizzes from time to time and we enjoyed sharing tea and cake each week. Around 15 people attended regularly. Michael and Doreen Mabbutt have led this ministry faithfully for over 20 years and have decided to step down from leading as of April 2025 which will bring this ministry to a close. I would like to thank them for their generous and committed service over these many years and wish them every joy as they continue to serve the Lord in o ther ways.

St Columba, Collingtree

Collingtree C of E Primary School : A new head of school Mrs N Stutters was appointed in September 2023 and a better relationship between school and church is developing. Two members of our church go into the school to help with reading. I have been appointed as a school governor and the school regularly come to church to celebrate Christian festivals. I also visit the school to lead collective worship. As we have a number of families in need, a link has been formed with Weston Favell Food Bank to deliver supplies to the school for their Larder. Our harvest gifts a lso went to the school last year.

Collingtree Park Care Home : I visit the care home twice a month to conduct worship and minister to those in need. This is a developing ministry and much appreciated by those involved.

Church :We have had the new AV System for a year now and this has truly enhanced our worship. My thanks to Paul Cooper for all his work on this. Our organ is played from time to time and it is good to have live music; we have no worship band at present.

In September/October we ran the Hope Explored course. We had 11 participants including 4 that we don’t see regularly in church. This has opened up discussion about the faith and we will be following this up with Christianity Explored in 2025.

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ST GILES PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The friends of St Columba continue to organise a monthly coffee morning in the church and this attracts 30-40 people. It is a good point of contact with the local community. I am also developing contacts with the parish council who are very supportive of the church and its role in the community.

Progress on the building project is slow and we are currently awaiting an archaeological dig. We are looking to add a meeting room and toilet to the church. There is also quinquennial work to be done. I am grateful for the assistance of Simon Bridgens and Marian Thomas who continue to help with services when they are able to do so. We continue to see new faces join us and visit from time to time. Sadly a number of members have died in the last 2 years.

We are grateful for the support we receive from the Rev’d Josh Thorne and St Giles Church and we look forward to the future with optimism

Student and Young Adults Ministry

At St Giles over 2024, we connected with about 70 students and young adults, with some people coming in and some graduating and leaving. We also connect with students at the university weekly, either while we hand out free tea and coffee, or at the multi-faith centre. We are connected with the university to help provide food through their food bank. We also have connected with 29 churches and ministries in the Northampton. We continue to invite churches and individuals to join our time of prayer monthly at the University.

Over this last year we have seen our over 30s create their own homegroup, which has been a great space for them to continue to grow and develop in their faith. It is run by them, and Ruth is available for pastoral care. At the Young Adults homegroup, we have a monthly rotation of weekly topics that are missions, worship, teaching and guest speaker. It has been great to have some people from the congregation come and share with us, plus we have been able to connect with the St Johns Ambulance, Weston Favell food bank and the shoebox appeal, plus members of clergy from all over the diocese. We continue to see many Young Adults now lead and preach at the evening services over this last year. We also have the lovely Dan interning with us!

Treasurer

Income for 2024 has exceeded our budget forecast thanks to the amazing response to the Gift Day in September, which resulted in gifts to the value of over £90,000. We are extremely grateful for the generous response of you, the St Giles family. Much of the gifts came as ‘one-off donations’ and we still need to see an increase in the regular monthly giving to provide long term financial stability.

The gift day response has enabled us to pay our Parish Share in full for 2024, whist still showing a surplus of income over expenditure, and has provided the basis to plan for the future, maintaining the current ministry areas.

We continue to apply for grants to support ministry opportunities and our thanks go to those who undertake the time-consuming task associated with grant applications.

Uniformed Organisations - Scouts

This year we have said farewell to Jacqui Hunter who has been our treasurer for many years. We would like to express our sincere thanks to Jacqui for her stewardship, skill, and time, which have left our Scout group in a healthy financial position.

We are also grateful for previous Scout trustees and helpers who gave their time in supporting the group and have now stepped down. These are:- Sine Cookman, James Earp, Kay Rushmore and Claire Biddiscombe.

We welcomed Craig Macpherson as our New Treasurer and Richard Poole as the new Chairperson of the Scout group at St Giles.

Thanks also go to the current trustees including Mark Cookman, Caitlin Newbery, Josh Richards, and the new treasurer and chair as previously mentioned.

We continue to wait on God's timing as we look to restart a group in the future. It remains a great way to bring families into the Church to hear the word of God.

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ST GILES PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

As we continue to plan and rethink the future of the group, we would welcome ideas, suggestions, and of course, willing volunteers to commit to run a group on a weekly basis. Please do make contact with Richard Poole on 07920361818 or rsjspo@gmail.com for a chat - it will probably involve a coffee.

Uniformed Organisations - 19th Northampton St Giles Guiding

We started the year with the wonderful news that ‘Robin’ - Joanna Poole, has achieved her Queens Guide Award. Jo had been working on this for 3 years and it is the highest award a leader can work on and achieve.

Our year in all sections was a year of celebrations from New Year, Saints Days, Christian festivals and anything in between.

In July all sections went to camp, where we invited 1 brownie unit and 2 guide units to join us in the fun! Brown Owl/Jay - Helen Hayward, gained her camp licence.

In October the Brownies joined another unit for a weekend holiday.

In November Guides and Rangers went with leaders to Pax Lodge in London for a night at a World Centre. After a visit to the theatre to see Six, we headed home, a very tiring but fun time was had by all.

We offer girls from 4 years to 18 years the chance to learn and have fun in a safe friendly environment.

Welcome and Hospitality

It's been wonderful to welcome so many newcomers to St. Giles in 2023. It's such a joy to be a part of this ministry and welcome newer and older members every Sunday. Look out for people carrying our 'welcome bags' we give to newcomers on their first visit and be sure to say hello to them, we all have a part to play in being a welcoming church.

We've had a number of new people coming forward to serve on the welcome teams for both the Sunday morning and evening services. It's great to see people of a variety of ages getting involved and serving in this ministry. I recently read that people will usually make their minds up within the first two minutes of visiting a church whether they will be coming back.

Look out for some exciting changes to the way we welcome people to St Giles in 2024 including the introduction of a dedicated welcome area in the church building. We are keen to find ways to connect newcomers into the family of our church.

Wellbeing Cafe

The Wellbeing Café is an integral part of the weekly calendar of the church. We seek to offer hospitality, a sense of belonging and acceptance to everyone who comes into the space. We run on Monday afternoons between 1 and 4pm where we open up the church centre (the church building during the summer) to create a welcoming safe space.

Those who come spend time either doing an activity together, talking or sitting quietly alongside the group. It is open to anyone, but particularly created for those amongst us who are experiencing emotional challenges, mental health issues or spiritual struggles. We offer drinks and snacks for those who come and, although the atmosphere is quiet and contemplative, it is also friendly and warm.

Every hour an optional contemplative prayer and meditation session is run by one of the leaders or guests.

Women @ St Giles

Fun and Games! We had another evening of extremely competitive silliness of fun, bring & share food and fellowship at the men vs women games. It was a thoroughly enjoyable evening for all, which this year alas was won by the men’s team.

In June, we hosted the women’s retreat day with Kintsugi as the theme. It was a special time where our speakers shared some powerful testimonies of God’s unfailing love for them, with a time of reflection and prayers after each session.

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ST GILES PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Our Wednesday morning ‘support group’ with ‘tea & toast / knit & natter’ is going strong, but not necessarily at the same time!

The Women’s Ministry didn’t run a 221 course (Divorce support group) at St Giles in 2024, but instead were encouraged to reach out to other churches requesting courses in the Northamptonshire area (St Francis’ Church Duston in July and in September at St Albans Church Broadmead).

World Mission

Our Mission Partners have all completed a further year in their ministries, and have kept regularly in touch, apart from Vera due to current circumstances.

We have welcomed Alf and Hilary and Peter and Gill to preach at both services, and take part in a shared lunch. Izaias and Ruth, home for several months, also shared in our church life as has Ann, home for an extended period until June.

We continued to support both a Tearfund project in Uganda, but have received little feedback recently on progress, and persecuted Christians through Open Doors. No Lent project was run.

A reduced budget enabled us to maintain our existing commitments, but had no reserve for discretionary expenditure. WMG welcomed new members Dave and Jo Smith and Renee Dixon and met periodically for prayer and planning.

Mission Partners have been regularly included in the monthly prayer diary and in our prayer gatherings and some articles have been published in Mission In Touch.

Youth Work

Our Youth Work, in 2024, has mainly been in our Sunday morning groups.

Our Sunday morning youth provision continues for all young people in secondary school and is led by a wonderful team of youth workers. Each week we have breakfast together, and spend time exploring the Bible and what God’s word means for us.

We would love to be able to grow our youth work with socials and trips, and to restart our mid-week groups, but will need more leaders in order to make this happen.

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ST GILES PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

FINANCIAL REVIEW

Financial position

The Accounts for 2024 have been prepared in accordance with the Church Accounting Regulations 2006, the Charities Act 2011 and together with applicable accounting standards and the Charities Statement of Recommended Practice (SORP).

Excluding Fixed Assets, the Funds available to the Church at the end of the year were £271,233. This is an of increase of £66,277 from the end of last year.

The Student and Young People Worker Fund was set up to support a new ministry to students at the recently relocated Northampton University and this received £5,430 in donations and grants of £5,917.

General Fund like for like expenditure reduced by approximately £12k over the previous year.

General income for 2024 was approximately £58K above that budgeted for, which was due to the success of the gift day held. This has led to an overall surplus of £71K, which is £133K greater than the budgeted deficit for the 2024 year.

God continues to bless St Giles with many generous donors; however, the challenge going forward is to try to match regular giving and income to necessary expenditure in order to maintain reserves as an acceptable level. The audited accounts will be available to view on the St Giles website as soon as the audit is completed.

Reserves policy

The PCC has a long term aim to grow "free reserves" to be roughly equal to 5 months' expenditure, so as to provide against contingencies such as a sudden fall in income or unexpected major expenditure.

Free reserves are defined as unrestricted funds, excluding fixed assets and excluding designated funds already set aside for specific purposes.

At the balance sheet date the free reserves represented approximately 11 months' ordinary expenditure.

The trustees have approved a budget for 2025 which proposes a deficit which would be drawn down from our reserves.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

Date governing document was adopted: 2nd January 1957.

The Charity is controlled by using an approved governing document issued by Church of England. We have not changed the objects clause of the approved governing document, the wording of which is given below.

Promoting in the ecclesiastical parish the whole mission of the Church. The parish being Northampton.

Until October 2012 the St Giles PCC was an excepted charity as defined by the Charities Act 1993.

Recruitment and appointment of new trustees

Trustees who are also PCC members are voted into position for between one and three years by signed up members on the church electoral roll.

Related parties

Beth Whaites, has been employed throughout the year by the Trust as Youth Minister at the normal remuneration for such position following a thorough recruitment process.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1149547

Page 11

ST GILES PAROCHIAL CHURCH COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Principal address

St Giles Church Office St Giles Terrace Northampton NN1 2BN

Trustees

The following trustees were appointed prior to 1 January 2024 and have remained in office for the duration of the period:

Paul Cooper Louise Whaites Steve Pentland
Paul Ritchie Claire Vander Plaeste Neil Richards
Craig MacPherson Duncan Halliday Peter Day
David Lidbetter Stephen Hewitson Thomas Burditt
Bethany Whaites
Appointed: Sarah Alexander (May 2024)
Appointed: David Smith (May 2024)
Appointed: Sarah Jane Day (May 2024)
Appointed: Peter Summerside (May 2024)
Resigned: Chris Davison (May 2024)
Resigned: Karolin Richards (May 2024)
Resigned: Rachel White (May 2024)

In the year there has been no further appointments or resignations in the Church Wardens, Deanery Synod and Incumbents.

Auditors

Shaw Gibbs (Audit) Limited Chartered Certified Accountants Statutory Auditor Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

Page 12

ST GILES PAROCHIAL CHURCH COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES - Continued The trustees are responsible for keeping proper accA)unting records which disclose with reasonable accuracy al any ts'm8 the financial position of the charity and to enable them to ensure that the financial ststements comply with the Charits"es Ael 2011, the Charity (Accounts and Reports) R￿UlationS 2008 and the provisions of the tnjst deed. They are also resF)onsible for safeguarding the assets of the char.ty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. . and signed on its behalf by.. Approved by order of the board of tntstees or¢ ............. . alliday - Trustee Page 13

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ST GILES PAROCHIAL CHURCH COUNCIL

Opinion

We have audited the financial statements of St Giles Parochial Church Council (the 'charity') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Statement of Financial Position and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 14

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ST GILES PAROCHIAL CHURCH COUNCIL

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

We obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Church Accounting Regulations 2006, United Kingdom Generally Accepted Accounting Practice and relevant Taxation legislation.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management and the understatement of revenue. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing meeting minutes, regulatory correspondence and professional fees, detailed substantive testing on the completeness of income, and reviewing accounting estimates for biases.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 15

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF ST GILES PAROCHIAL CHURCH COUNCIL

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Shaw Gibbs (Audit) Limited Chartered Certified Accountants Statutory Auditor Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ Date: .............................................

Page 16

ST GILES PAROCHIAL CHURCH COUNCIL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Fees and room letting
3
Investment income
4
Total
EXPENDITURE ON
Charitable activities
Church activities and donations
NET INCOME/(EXPENDITURE)
Transfers between funds
12
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
373,960
4,999
7,346
386,305
301,342
84,963
(18,686)
66,277
1,667,550
1,733,827		 Restricted
funds
£
19,127
161
-
19,288
33,142
(13,854)
18,686
4,832
9,814
14,646		 2024
Total
funds
£
393,087
5,160
7,346
405,593
334,484
71,109
-
71,109
1,677,364
1,748,473		 2023
Total
funds
£
305,146
6,300
5,237
316,683
344,250
(27,567)
-
(27,567)
1,704,931
1,677,364

The notes form part of these financial statements

Page 17

ST GILES PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL posmoN 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestricted Restricted ftjnds funds Notes FIXED ASSETS Tangible assets 1,462,594 1.462,594 1,462,594 CURRENT ASSETS Debtors.. amounts falling due within one year 10 Cash at bank and in hand 28,853 286.T11 414 14,232 29,267 301.003 12,364 210,217 315,624 14,646 330,270 222,581 CRED￿oRs Amounts falling due wrthin one year 11 (44.3911 (44,391 } {7,811 } NET CURRENT ASSETS 271,233 14.646 285,879 214.770 TOTAL ASSETS LESS CURRENT LIABILITIES 1,733.827 14,646 1,748,473 1,677,364 NET ASSErs 1,733,827 14,646 1,748,473 1,677,364 FUNDS Unrestricted funds.. General fund Fixed assets MALT Ilnterrss) Stsjdent and Young People Worker Fund YA- Allobment Children & famity 12 261,415 1,462,594 2.000 5,000 578 2,240 197,956 1,462,594 2,000 5,000 1,733,827 1,667.550 Restncted funds 14,646 9,814 TOTAL FUNOS 1,748,473 1,677,364 e fina I slalements were approved by the Board of T￿JS￿ arKI aulhorssed for issue . and were s￿ne￿ on its tehalf by: D HallkYay- Trustee The notes form part of these financial ststermts

ST GILES PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. LEGAL FORM

St Giles PCC is an unincorporated charity registered with the Charity Commission for England and Wales. Its registered address is listed on page 12.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The financial statements have also been prepared in accordance with the Church Accounting Regulations 2006.

The presentation currency of the financial statements is the Pound Sterling (£).

The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies.

Income

Income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Government grant income is recognised as it is receivable, to the extent that the grant has been expended by the end of the financial year.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Page 19

continued...

ST GILES PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The trustees are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The trustees consider that the individual carrying values of assets are supportable by their value in use.

Consecrated land and buildings and movable church furnishing

Consecrated and beneficed property is excluded from the accounts by section 10 of the Charities Act 2011.

Expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA.

Freehold property

The freehold property included in the accounts is the Church Centre in St Giles Terrace, Northampton. Detailed figures for historical cost could not be obtained without an amount of work out of proportion to the benefit to users of the accounts. The valuation included in the accounts was therefore based on insurance values and amended as and when it was considered that values have moved significantly. From 1 January 2015, the charity adopted the transitional provisions available under FRS102 and the valuation was taken as deemed cost going forward.

No depreciation has been charged on the property as the Trustees believe that the residual value is in excess of the cost and the building is continually maintained to a sufficiently high standard as it is in constant use as part of the Church's mission.

Fixtures, fittings and office equipment

With effect from January 2013 a depreciation rate of 25% of cost per annum has been applied to these categories of fixed assets.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of Church members.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 20

continued...

ST GILES PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

Financial liabilities are classified according to the substance of the contractual arrangements entered into. Where the contractual obligations of financial instruments are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the statement of financial activities. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

3. FEES AND ROOM LETTING

Centre, church & house letting
Wedding and funeral fees
Group and fundraising income
4.
INVESTMENT INCOME
Deposit account interest
5.
AUDITORS' REMUNERATION
Fees payable to the charity's auditors for the audit of the charity's
financial statements		 2024
£
3,603
1,286
271
5,160
2024
£
7,346
2024
£
4,240		 2023
£
4,393
1,574
333
6,300
2023
£
5,237
2023
£
3,480

6. TRUSTEES' REMUNERATION AND BENEFITS

During the year remuneration totalling £32,179 (2023: £30,143) was paid to B Whaites (appointed a trustee in 2023) for their work as a Youth Minister.

Trustees' expenses

During the year ended 31 December 2024, 6 trustees' (2023: 6) were paid a total of £4,051 (2023: £3,468) for reimbursed expenses relating to equipment, stationery, books, travel and other ministry expenses.

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continued...

ST GILES PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

Employees
No employees received emoluments in excess of £60,000.
Wages
National insurance
Pension contributions
8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
292,755
Fees and room letting
6,300
Investment income
5,237
Total
304,292
EXPENDITURE ON
Charitable activities
Church activities and donations
313,650
NET INCOME/(EXPENDITURE)
(9,358)
Transfers between funds
(5,491)
Net movement in funds
(14,849)
RECONCILIATION OF FUNDS
Total funds brought forward
1,682,399
TOTAL FUNDS CARRIED FORWARD
1,667,550		 2024
6
2024
£
106,515
7,620
9,667
123,802
Restricted
funds
£
12,391
-
-
12,391
30,600
(18,209)
5,491
(12,718)
22,532
9,814

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continued...

ST GILES PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

9. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
COST
At 1 January 2024 and
31 December 2024
DEPRECIATION
At 1 January 2024 and
31 December 2024
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 Freehold
property
£
1,462,594
-
1,462,594
1,462,594		 Fixtures
and
fittings
£
74,138
74,138
-
-		 Totals
£
1,536,732
74,138
1,462,594
1,462,594

From 1 January 2015, the charity decided to adopt the transitional provisions available under FRS 102 and the valuation of £1,462,594 was taken as deemed cost going forward.

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Gift aid recoverable
Prepayments and accrued income
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income		 2024 2023
£ £
29,267 12,364
- -
29,267 12,364
2024
£
44,391		 2023
£
7,811

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ST GILES PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

12. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Fixed assets
MALT (Interns)
Student and Young People Worker
Fund
YA - Allotment
Children & family
Restricted funds
MALT2 (Interns)
Family Support Workers
Student and Young People Worker
Fund
New Wine Trust
Open Dining Room
TOTAL FUNDS		 At 1/1/24
£
197,956
1,462,594
2,000
5,000
-
-
1,667,550
738
1,798
-
5,218
2,060
9,814
1,677,364		 Net
movement
in funds
£
82,145
-
-
-
578
2,240
84,963
2,191
-
(18,272)
-
2,227
(13,854)
71,109		 Transfers
between
funds
£
(18,686)
-
-
-
-
-
(18,686)
-
-
18,686
-
-
18,686
-		 At
31/12/24
£
261,415
1,462,594
2,000
5,000
578
2,240
1,733,827
2,929
1,798
414
5,218
4,287
14,646
1,748,473

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
YA - Allotment
Children & family
Restricted funds
MALT2 (Interns)
Student and Young People Worker
Fund
Open Dining Room
TOTAL FUNDS		 Incoming
resources
£
383,065
1,000
2,240
386,305
5,000
11,508
2,780
19,288
405,593		 Resources
Movemen
expended
in funds
£
£
(300,920)
82,145
(422)
578
-
2,240
(301,342)
84,963
(2,809)
2,191
(29,780)
(18,272)
(553)
2,227
(33,142)
(13,854)
(334,484)
71,109

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continued...

ST GILES PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Fixed assets
MALT (Interns)
Student and Young People Worker
Fund
Restricted funds
MALT2 (Interns)
Family Support Workers
Student and Young People Worker
Fund
New Wine Trust
Open Dining Room
TOTAL FUNDS		 At 1/1/23
£
212,805
1,462,594
2,000
5,000
1,682,399
738
1,798
10,287
5,218
4,491
22,532
1,704,931		 Net
movement
in funds
£
(9,358)
-
-
-
(9,358)
-
-
(15,778)
-
(2,431)
(18,209)
(27,567)		 Transfers
between
funds
£
(5,491)
-
-
-
(5,491)
-
-
5,491
-
-
5,491
-		 At
31/12/23
£
197,956
1,462,594
2,000
5,000
1,667,550
738
1,798
-
5,218
2,060
9,814
1,677,364

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Student and Young People Worker
Fund
Open Dining Room
TOTAL FUNDS		 Incoming
resources
£
304,292
12,391
-
12,391
316,683		 Resources
Movemen
expended
in funds
£
£
(313,650)
(9,358)
(28,169)
(15,778)
(2,431)
(2,431)
(30,600)
(18,209)
(344,250)
(27,567)

Description of funds

Fixed Assets Fund - this represents the net book value of the fixed assets in the balance sheet as these assets are not readily convertible into cash

MALT - used for the training of Interns who are volunteers.

Family Support Workers - funding for wages for the family support workers.

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ST GILES PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

12. MOVEMENT IN FUNDS - continued

Student and Young People Worker Fund - funding to provide financial resources for a new ministry specifically to engage with Students at Northampton University and also with Young People connected with St Giles. This is a Christian outreach activity aimed at drawing this demographic group into a closer relationship with God.

New Wine Trust Fund- funding for the refurbishment and replenishing of St Columbia church in Collingtree.

Open Dining Room Fund - funding to open a warm, welcoming space for all families with children under 18 to attend.

Transfer of funds between the General Fund and Student and Young People Worker Fund is due to an overspend of funds.

13. EMPLOYEE BENEFIT OBLIGATIONS

St. Giles (Northampton) PCC participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers.

CWPF has two sections:

  1. the Defined Benefits Scheme

  2. the Pension Builder Scheme, which has two subsections;

  3. a. a deferred annuity section known as Pension Builder Classic, and,

  4. b. a cash balance section known as Pension Builder 2014.

Pension Builder Scheme

Both sections of the Pension Builder Scheme are classed as defined benefit schemes.

Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.

Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account , plus any bonuses declared is payable, unreduced, from age 65.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme.

The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable (2024: £9,667 2023: £8,819).

A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2022.The next valuation is due as at 31 December 2025.

For the Pension Builder Classic section, the valuation revealed a surplus of £34.8m on the ongoing assumptions used. At the most recent annual review, the Board chose to grant a discretionary bonus of 6.7% at 1 January 2024. The Board also decided to grant pensions with guaranteed increased at RPI capped at 2.5% pa a one-off discretionary increase so that those pensions increased by 5% at 1 January 2024. There is no requirement for deficit payments at the current time.

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ST GILES PAROCHIAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

13. EMPLOYEE BENEFIT OBLIGATIONS - continued

For the Pension Builder 2014 section, the valuation revealed a surplus of £8.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.

The legal structure of the scheme is such that if another employer fails, St. Giles (Northampton) PCC could become responsible for paying a share of the failed employer's pension liabilities.

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.

15. ULTIMATE CONTROLLING PARTY

During the year the charity was under the control of its Trustees as listed on page 12.

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ST GILES PAROCHIAL CHURCH COUNCIL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

INCOME AND ENDOWMENTS
Donations and legacies
Non Gift Aid donations
Gift Aid donations
Gift Aid recoverable
Legacies
Grants
Fees and room letting
Centre, church & house letting
Wedding and funeral fees
Group and fundraising income
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Charitable activities
Parish share
Staff salaries
Staff expenses
Youth/children
Church costs
Parish centre costs
Parish events
Overseas mission
Home mission
Church refurbishment
Men's Ministry
Fundraising expenses
Family and children
Women's Ministry
Support costs
Management
Wages
Social security
Pensions
Carried forward		 2024
£
172,334
152,000
36,927
14,889
16,937
393,087
3,603
1,286
271
5,160
7,346
405,593
99,135
79,592
6,141
3,582
17,609
16,466
20
31,788
13,050
4,092
75
553
1,001
41
273,145
36,840
2,573
5,429
44,842		 2023
£
74,607
152,350
37,821
31,189
9,179
305,146
4,393
1,574
333
6,300
5,237
316,683
111,579
76,190
3,421
2,853
19,141
18,415
219
32,288
13,500
4,783
75
2,431
1,267
67
286,229
36,298
2,474
3,431
42,203

This page does not form part of the statutory financial statements

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ST GILES PAROCHIAL CHURCH COUNCIL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

2024 2023
£ £
Management
Brought forward 44,842 42,203
Telephone 1,529 4,392
Postage, stationery and copier 3,651 655
Promotion and publicity 213 28
Sundries 2,412 2,232
52,647 49,510
Finance
Bank charges 507 631
Information technology
I.T. costs 3,945 4,400
Governance costs
Auditors' remuneration 4,240 3,480
Total resources expended 334,484 344,250
Net income/(expenditure) 71,109 (27,567)

This page does not form part of the statutory financial statements

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