St Andres, Stapleford Parochial Church Council Financial Statements For the year ended 31 December 2024
St Andrev/s, Stapleford Parochial Church Council Financial Statements For the year ended 31 Dember 2024 Contents Page No Charity Reference and Administrative Details Report of the Trustees Independent Examinerfs Report Statement of Financial Activities io {including Income and Expenditure Account) Balance Sheet li Notes to the Financial Statements 12-20
St Andrev/s, Stapleford Parochial Church Council Charity Reference and Administrative Detsils For the year ended 31 December 2024 Charity Name The Parochial Council of the Ecclesiastical Parish of St Andrew, Stapleford Other name the charity uses Stapleford PCC Registered Charity Number 1158492 Charity The Wicarage 43 Mingle Lane Stapleford Cambridge CB22 5SY Chariws principal address
St Andres, Stapleford Parochial Church Council Names of the charity trustees who managed the charity during the year: Trustee name Office (rf any) Dates acted rf not for whole year Simon Taylor Felicity Cooke Chair Vice chair Deanery Synod Rep Electoral Roll Officer Churchwarden Curate Secretary Treasurer Deanery Synod Rep Alastair MacGregor Lucinda Howard Nicola West Chris Bow Lizzie Taylor Sarah Kastner Valerie Powell Kirsty Campbell Martin Ginger Sarah Hackett Romie Ridley Rachel Bousfield Fiona Holliday Anne Roberts Nickywest Sue Brown Robert Ferneyhough Stephen Ford Jackie Nettleton To March 2024 To March 2024 Assistant churchwarden To September 2024 From March 2024 From March 2024 From March 2024 From March 2024
St Andrevls, Stapleford Parochial Church Council Report of the Trustees For the year ended 31 Drnber 2024 OBJEcfivES AND ACTIVITIES Summary of the purposes of the charity as set out in its governing document Stapleford PCC has the responsibility of working with the Parish Priest, the Revd Dr Simon Taylor, to promote in the ecclesiastical parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. The PCC has maintenance responsibilities for the Church of St Andrew, the Verger's Cottage and the Johnson Hall. Summary of the main activities in relation to those purposes for the publlc benefit, in particular, the activities• projects or services identrfied in the accounts The provision of religious services on a regular basis. St Andrev/s is a church for the whole community, including Stapleford and the surrounding areas, and aims to provide a safe and inclusive welcome to everyone, whatever their situation in life. The PCC is committed to enabling as many people as possible to worship at St Andrew's Church and to become part of the church community, including offering special servi$ at Easter. Harvest, Remembrance Sunday and Christma5. We offer baptism, marriage and fvneral services as requested and in accordance with Ely Diocese instructions. Pastoral and spiritual support and various groups and activities are offered to the whole community. Statement confimiing whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit In provision of these activities we are mindful of Christian teaching as well as the guidance issued by the Commission on public benefit. Thus whilst our worship, ethos and practices are Christian and accord with the doctrine of the Church of England, activities organized or led by the church for individuals or groups are open to all and are carried out without discriminating in relation to any protected characteristic. We also work in partnership with the community to maintain the fabric of St Andrew's church and the churchyard and both are used by the wider community. Contribution made by volunteers The Parish Priest of St Andrew's serves as'House for Duty,, receiving housing but no stipend from the Diocese. The parish contributes the full ministry share requested from it. Members of the PCC and the congregation lead and support all activities on a voluntary basis, through a system of sub- committees of the PCC. Maintenance of the buildings and churchyard, worship and social events, pastoral work in the parish, and children's and youth work in the parish are all contributed to by volunteer members of the PCC and the church. ACHIEVEMENTS AND PERFORMANCE Summary of the main achievements of the charity. identifying the difference which the charity's work has made to the circumstances of its beneficiaries and any wider benefrts to society as a whole During 2024 the church's activities continued to recover from the effects of the Covid pandemic. Worship and Pmyer The PCC offers a range of services and other worship opportunities each week and in the course of the year. During the course of the year St AndreWs has generally offered up to three services on
St Andrev/s, Stapleford Parochial Church Council Sunday mornings, in addition to evening services once a month. Series of serrfices during the year followed a number of different themes: in addition to significant use of the lectionary, there were series based on the poems of George Herbert. the book Being Christian by Rowan Williams, the first half of the book of Ephesians. the life of Jacob, and Heresies. Every Sunday morning begins with a communion service at 9 am. The various services at 10.30 am are of different Styles. In 2024 they included regular Forest Church serrfices in the churchyard or Messy Church services in the Johnson Hall depending on the weather. These seNices have proved popular with families with young children, but also with some older members of the church. The popularity of Forest Church has continued to prompt greater use of the churchyard for other services too, so that a number of summer services were successfully held in the churchyard. Special services have taken place according to the church calendar (e.g. Easter Sunday, Harvest Festival) In March 2024 at the date of the annual church meetings there were 127 persons on the Electoral Roll. Attendance compared with the previous year, and with the pre-pandemic figures in 2019 were as follows: 2019 2022 83 2023 79 2024 104 Average week in October Usual Sunday Easter Eve/Day Christmas Eve/Day 85 240 430 76 196 368 80 185 368 83 193 386 Overall. therefore, attendance is at present general lower than before the pandemic, but at or marginally above the attendance in 2022. There is, however. a sense that in attendance as well as in the range of activities the church offers a continuing recovery from the pandemic. The church meets monthly outside of Sunday services for a prayer meeting. It is open to all, though attendance is limited. Deanery Synod Four members of the PCC, including the parish priest and curate and two elected representatives. sit on the Deanery Synod, which provides the PCC with an important link between the parish and wider structures of the church. The church building, Johnson Holl ond Veryerfs Cottage During 2024, as in most years expt during the pandemic, the church remained open 24 hours a day. The PCC'S Fabric Committee has continued to undertake and commission regular maintenance and upkeep. and volunteers do the bulk of the work necessary to maintain the churchyard. The Johnson Hall is used both by church groups, community groups and local service businesses. A weekly toddler group, Little Fishes, run by the church. takes place in the there. This re-started at the end of 2021. A popular monthly group for seniors, called JOY {Ju5t Older Youth), is also run by the church in the Hall. The reduction in use of the Hall after the pandemic continues to be rectified. Whether the revenue will cover the cost of maintenance remains to be seen. The Verger's Cottage provides office space for the parish, including the administrator, curate and youth worker. A local charity, the Mago8 Trust rent office space and use it as their postal address,
St Andres, Stapleford Parochial Church Council and it is also used as a postal address for another local charity {the Stapleford Feoffees). The sitting room or other rooms in the cottage are used as counselling rooms occasionally. Porish Magazine The church publishes a monthly news and events magazine forthe village of Stapleford, The Stapleford Messenger, which is available on subscription with copies delivered in the village and in local shops. The production of the magazine has been taken over by the Messenger Production Group. The surplus from the magazine is used in part to fund local, national and international good causes. Youth Work An attempt was made in 2024 to re-start a church youth group. The group was small but valuable. It ceased to function part of the way through the year. The St AndreS Staplefvrd-Nachingwea Link Together with the local community the church runs a Link Committee with the church of St Andrew's in Nachingwea, Masasi Diocese in southern Tanzania. The Link celebrated its 43 years of operation in 2024 with a service in Ottober. It is thought to be the longest runnin& continuously active Parish to Parish link in the UK. The St AndreS/ChIldren s Sooety Portnership In 2024 the partnership continued to support the work of The Children's Society (TCS) by praying, acting and giving. The key event of the year was a celebratory service in September. The partnership committee continue to devise novel ways in which we can support the vital work of TCS with the most vulnerable and disadvantsged children and young people in the country and St AndreS models these initiatives so they can be adopted by other churches. The Stapleford Community Warden Scheme This scheme, run by Cambridge and Peterborough Age UK but sponsored by St Andrew's has continued to run during the year. There is significant demand for the servi5 of the warden, more than the scheme can currently meet. Financial Review As illustrated in the financial statements on pages 10-20. the church'5 financial position continues to be maintsined predominantly by regular glving and donations. This income category, at £80,297. was IO% higher than the previous year {2023: £73.116). Other ordinary income rose to £32.014 (2023: £30,168); lower magazine advertising revenue was more than offset by higher rental income from the Vergerfs Cottage and Johnson Hall. Before investment gains, the net surplu5 for the year was £18,398 (2023: £8,627). The restricted funds were in surplus for the year by £6,378 {2023: £2,819 deficit). The church's unrestricted funds (which reflect the normal operations of the PCC) were in surplus by £12,020 {2023: £11,446). The PCC transferred £3,? to The Messenger designated fund {2023: £3,(}. £6,000 was paid out to village and other church related activities (2023: Nil). Gains on investments amounted £2,452 {2023: £7,879). Net assets were £225,401 {2023: £204,551). The overall financial position of the PCC remains satisfattory.
St AndreWs, Stapleford Parochial Church Council The overall financial position of the PCC remains satisfactory. ststement explaining the policy for holdlng reserves stating why they are held It is the policy of St AndreS Church, Stapleford to hold in reserves the equivalent of three months, general running costs and three years, annual deficit of income versus expenditure (based on recent years, experience). It is also our policy to hold an amount for likely building works arising from the church's next quinquennial inspection and other major issues, currently ceiling and heating repairs. The appropriate sum to hold in reserve for these purposes at the present time is £200,000. The charitys principal sources of funds (includlng any fundralsing) The charivs principal sources of funds are personal giving and fees gained for wedding and funeral services (charged in accordance with Ely Diocese procedures), with additional funding provided by rental income, income from the village magazine and interest on investments. A programme of fundraising events augments the church's funds but are primarily to aid other charities eg: our links with St Andrew's Church, Nachingwea, Tanzania and The Children's Society as well as a range of local, national and international aid charities. Two Stapleford charities provide funds for the long-term maintenance of the church fabric (see note 121. Structure. Governance and Management Description of charl$ trusts: Type of governing document Parochial Church Powers Measure11956) as amended, and Church Representation Rules that came into force on 2 January 1957. How Is the charity constituted? The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC consists of the parish priest, any other clergy licensed to the parish, churchwardens. deanery synod representatives, and members elected by mernbers of the congregation who are on the electoral roll of the church. All church attenders are encouraged to register on the electoral roll and stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including deciding how the funds of the PCC are to be spent. There may be up to two Co-opted members of the PCC. The full PCC meets six times durin8 the year, and delegates some of its detailed work to committees for Fabric and the Johnson Hall & Vergerfs Cottage. The Standing Committee of the PCC has the power to transact the business of the PCC between its meetings, subject to any directions given by the Council. The members are the chair, vice-chair, churchwardens, the PCC secretary {who is presently an elected lay member of the PCC), the Treasurer (a co-opted member of the PCC). and one additional elected lay member.
St Andre5, Stapleford Parochial Church Council Trustee selection methods including details of any constitutFonal provislons e.g. election to post or name of any person or body entitled to appolnt one or more trustees All members of the PCC are elected in accordance with the Church Representation Rules, save for the chair, who is the parish priest for the time being, any other clergy licensed to the parish, and up to two co-opted members. Trustees. responslbilities in relation to the financial sLitements The Trustees are required by law to prepare financial statements for each financial year that give a true and fair view of the financial activities of the charity and of its financial position at the end of that year. In preparing those financial statements. the Trustees are required to: {a) select suitable accounting policies and apply them consistently b) make judgements and estimates that are reasonable and prudent Ic) state whether the policies adopted are in accordance with the Charities Act 2011 and with applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements d) prepare the financial statements on a going concem basis unless it is inappropriate to assume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Declarations The trustees dedare that they have approved the trustees. report above. Signed on behalf of the chariWs trustees Signature(s) Full Name(s) Position Date Simon Taylor Chair Alastair Roy MacGregor Churchwarden oz£
St Andrews, Stapleford Parochial Church Council CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of St Andrews Stapleford Parochial Church Council On accounts for the year ended 31 December 2024 Charity no (if any) 1158492 Set out on pages 10t020 I report to the trustees on my examination of the accounts of the above charity (Ihe Trust.) for the year ended 31 December 2024. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{5){b) of the Act. Independent I have completed my examination. I confirm that no material matters have examinerfs statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements conceming the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no cOnmS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: ILPJ & I Name: Jayne Merrick Relevant professional qualification(s) or body (if any}: Address: 6 Churchfield Avenue, Sawston, CB22 3L4
St Andrev/s, Stapleford Parochial Church Council Statement of Financial Artivities (including Income and Expenditure Account) For the year ended 31 December 2024 Notes Unrestrirted funds Restricted funds 2024 Total 2023 Total Incoming resources: Donations and legacies Charitable activities Other ordinary incoming resources 69,239 1,312 27.970 11.058 80.297 1,312 32,014 73,116 1,160 30,168 Investments 5.614 5.614 4,802 Total incoming resources 104.135 15.102 119.237 109,246 Resources expended: Raising funds Charitable activities (15,563) (76.552) {15,563) (85.276) {14,3771 (86,242} (8,724) Total resources expended (92.115) (8.724) (100,839) 1100,619) Net incoming resources before other gains and losses 12.020 6.378 18,398 8,627 Gains on investments 2.452 2,452 7,879 Transfers 12 (2,000) Net movement in funds 12A72 8,378 20,850 16.506 Reconciliation of funds Total funds brought forward Totsl funds carried forward 172.128 184,600 32.423 40.801 204,551 225,401 188,045 204,551 The statement of financial activities includes all gains and losses in the year. All income and expenditure derives from continuing activities. The notes on pages 12 to 20 form part of these financial statements. io
St Andre$, Stapleford Parochial Church Council Balance Sheet As at 31 December 2024 Notes Unrestricted funds Restrirted funds 2024 Total 2023 Total Fixed assets Investments 124,873 124.873 122,421 Current assets Debtors 1,887 72.566 74A53 558 2,445 112,809 115.254 2,059 97,037 99,096 Cash at bank and in hand Sub-total 40.243 40.801 Current liabilities Creditors: amounts falling due within one year {14.726) 114.726) 116,9661 Net current assets 59.727 40.801 IIXl.528 82,130 Total assets less current liabillties 184,6(X) 40.801 225,401 204,551 Total net assets 184,6(M) 40AOi 225.401 204,551 The funds of the charity Restricted funds 12 40,801 40,801 184,6 32,423 172,128 Unrestricted funds 12 184.6 Total funds 184,600 40.801 225,401 204,551 The notes on pages 12 to 20 form part of these financial statements. Approved bytheTrusteeson loz£ Signature(sl Full Name(s) Position Simon Taylor Chair Alastair Roy MacGregor Churchwarden li
St Andrew's, Stapleford Parochial Church Council Notes to the Financial Statements For the year ended 31 December 2024 l. Accounting Policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows- (a) Basis of preparation The financial statements have been prepared under the Charities Act 2011 and in accordance with the Statement of Recommended Practice for Accounting and Reporting by Charities (20151, the Financial Reporting Standard FRS 102 and relevant church accounting regulations. The charity constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are inwtially recognised at historical cost or transaction value unless Otherwise stated in the relevant accounting policy note(5). (b) Going concern The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from approving these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. (c) Income All income is included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. Income is allocated as unrestricted and restricted in accordan with fund accounting rules. The ft)Ilowing specific policies are applied to particular categories of income: Income from donations and legacies includes grants and donations and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Legacies are included in the Statement of Financial Activities when the charity bÈtomes aware of its entitlement to the gift and the amount involved can be quantified. Income from investments is included when receivable. Income from other trading activities is accounted for when earned. 12
St Andres, Stapleford Parochial Church Council (d) Expenditure Expenditure is recognised on an accrual basis as a liability is incurred, split between unrestricted and restricted funds. Expenditure on raising funds comprises the costs associated with attracting donations and legacies and the costs of other trading activities. Expenditure on charitable activities comprises those costs incurred in the delivery of service5 to beneficiaries. It includes both costs that can be allocated directly to such activitie5 and those costs of an indirect nature necessary to support them. Governance costs are those associated with meeting the constitutional and statutory requirements of the charity including costs linked to the strategic management of the charity. Identifiable direct costs are allocated between expendrture categories of the Statement of Financial Activities on an actual basis. all other costs are allocated on a departmental 'head counv basis. (e) Consecrated and benefice property Consecrated and benefice property of any kind is excluded from the financial statements by Section 10 (2) lal & (c) of the Charities Act 2011. (n Tangible fixed assets Individual fixed assets costing more than £750 are capitalised at cost. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost over their expected useful economic lives as follows: Electronic equipment 33% straight line basis (g) Investments Investments in quoted securities and property investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations throughout the year. (h) Fund accountlng Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Designated funds have been set aside from unrestricted funds by the PCC for specific reasons. Restricted fund5 are subjected to restrictions on their expenditure imposed by the donor. (i) Taxation The charity is exempt from corporation tax as Surplus income and gains are applied for charitable purposes. (i) Finance and operating leases Rentals applicable to operating leases are charged to the Statement of Financial Activities over the period they are incurred. The charity has no finance leases at present. 13
St Andre5, Stapleford Parochial Church Council 2. Incoming resources Unrestricted Restrfcted 2024 Total 2023 Total Donations and legacies". Donations and gifts Gift aid Sub-total 57,109 12,130 69,239 9,210 66,319 13,978 80,297 61,621 11,495 73,116 11,058 Charitable activities: Fee income 1,312 1,312 1,160 Other ordinary incoming resources: Hall hire 6,138 6,138 4,388 3.060 18,275 4.445 30,168 Fundraising Magazine sales & advertising Other income Sub-total 17.008 4,824 27,970 17,008 4,824 32.014 Income from investments: Interest income 5,614 5,614 4,802 Total incoming resources 104,135 15,102 119,237 109,246 Please refer to Note 3 for associated resources expended. 14
St Andrews, Stapleford Parochial Church Council 3. Resources expended Unrestricted Restrirted 2024 Total 2023 Total Expenditure on raising funds: Magazine printing costs Other trading activities- hall upkeep Other 9,568 5,995 9,568 5,995 10,145 3,872 360 Sub-total 15,563 15.563 14,377 Expenditure on charitable activities: Ministry share Administrative costs Utilities 26,486 13.777 7,076 2,809 26.486 13,954 7,076 2,809 10,314 220 27,094 12,831 4,062 2,700 11,734 608 177 Insurance Repairs & maintenance Events & entertaining Missions & charities Upkeep of services Choir, robes & music Youth work & education Sub-total 2,830 220 5,500 1,897 11.552 (2491 76,552 5,717 11,217 1,897 11,552 (249) 85,276 12,362 1,442 5,214 8,195 86,242 8,724 Total resources expended 92.115 8,724 100,839 100,619 4. Staff costs 2024 2023 Salary costs 8,398 15,191 The average number of employees during the year was 1.00 {2023: 1.75} 15
St AndreWs, Stapleford Parochial Church Council 5. Tangible Fixed Assets Electronic Equipment C05t At l January 2024 Disposals At 31 December 2024 2,137 (2,137) Depreciation At l January 2024 Disposals At 31 December 2024 2.137 (2,137) Net book value at 31 December 2024 Net book value at 31 December 2023 The PCC owns the freehold of the Johnson Hall and Vergerfs Cottage which it acquired from the diocese in 1954. This asset was not capitalised in the accounts of prior periods and the trustees have decided there is no material benefit in obtaining a formal valuation. For insurance purposes, the property is valued at £2.900,0. 6. Fixed Asset Investments Unrestricted 2024 2023 CCLA share fund investment". At l January Gains on revaluation Market value at 31 December 102,266 2,341 104,fA)7 93,402 8,864 102,266 CCLA property fund investment: At l January Gains/lLosses1 on revaluation Market value at 31 December 20,155 iii 21,140 (985) 20,155 20.266 Total market value of investments at 31 December 124,873 122,421 16
St AndreWs, Stapleford Parochial Church Council 7. Debtors Unrestricted Restricted 2024 2023 Debtors 1.622 265 558 2,180 265 1,754 305 Prepayments Total 1.887 558 2,445 2.059 8. Cash at bank and in hand Unrestricted Restrirted 2024 2023 Cash at bank 72,566 40,243 112,809 97,037 9. Credltors: amounts falling due within one year Unrestrictsd Restrirted 2024 2023 Creditors 472 472 1,131 2,077 13,758 Accruals 1,079 13.175 1,079 13,175 Deferred income Total 14,726 14,726 16,966 10. Lease commitments 2024 2023 Total value of future photocopier rental payments 4,949 773 11. Transactions with trustees and related parties No trustee received any remuneration during the year {2023: Nil). Expenses amounting to £115 (2023: £128) were reimbursed to one trustee (2023". One). There were no related party transactions (2023: None). 17
St AndreWs, Stapleford Parochial Church Council 12. Funds l January 2023 Movement during 2023 31 December 2023 Movement durbng 2024 31 December 2024 Restricted funds: Estate fund Nachingwea fund Children's Society & Warden Scheme 25.598 (1,053) (2,067) 301 24,545 7,577 301 2,081 4,790 1,507 26,626 12,367 1,808 Total Restricted funds 35,242 (2,819) 32,423 8,378 40,801 Unrestrirted funds: Johnson Hall fund General fund Legacy fund 27,710 42,183 77,527 515 28,225 57,217 77,527 143 28,368 72,546 77,527 15,034 15,329 Designated funds: Messenger Fund Youth Fund 5,383 8.383 776 {3,000} 5,383 776 776 Total Unrestricted funds 152,803 19,325 172,128 12,472 184,600 Total funds 188,045 16,506 204,551 20,850 225,401 l. Restricted Funds Estate Fund The Estate fund was established to fund major repairs to the church largely, but not exclusively, arising out of the quinquennial inspection. It is primarily supported by two Stapleford village charities. Although these are independent of the PCC, the Parish Priest and the churchwardens seNe as trustee5 of both charities. The Feoffees charity regularly gives three-fifths of its income each year. it gave £4,861 in 2024 {2023: £4,941). The Friends of St Andrev/s raises funds for the long-term maintenance of the church fabric. Any request from the PCC is conSided by the trustees of The Friends on its merit. Nothing was received from this source in 2024 (2023: £1.000}. Nachin ea Fund The Nachingwea fund receives money from regular donations, specific appeals and fund-raising events. Its funds are applied in support of St Andrev/s church in Nachingwea. Tanzania and its parishioners. 18
St Andres, Stapleford Parochial Church Council Other The church operates two other small funds for cau*s which it supports. The Children's Society fund, which has been established for a number of years, and the Community Warden Scheme fund which was set up in 2019. Both receive money from occasional events organised by the PCC. 2. Unrestrirted Funds Although separate records are maintained for administrative purposes, these funds are collectively available to the PCC to utilise as it deems appropriate. Apart from the Messenger Fund, these funds have not been designated for any particular purpose: the separate headings are a record of where the funds have been sourced. Johnson Hall Fund Profits/(losses) on the operation of the hall are accumulated in this fund and it is expected that they will be called upon first in the event of any maintenance costs. Le The source of this fund was a significant legacy with no conditions attached. Thi5 fund constitutes the bulk of the PCC'S investment portfolio, the income from which is accumulated directly into the general fund. General Fund This fund receives its income primarily from member donations, the magazine and other routine parochial activities. It funds the day-to-day operations of the PCC and the diocesan share. Desl nated Fund - Messen er Fund The PCC allocates a proportion of the surplus generated by the parish magazine (The Stapleford Messenger) to support local charitable and other village-related activities. A designated fund was established for the purposes of receiving and paying Out these monies. 2024 2023 Balance at l January Transfer in from General Fund Transfer to Nachingwea Fund Transfer to Warden Scheme Fund Payments to External Organisations 8,383 5,383 3,CX)O {I,000) (1,0) {4.CKK)) Balance at 31 December 5,383 8,383 Youth Fund Monies amounting to £776. previously received by the PCC from youth activities, have been transferred to a separate fund to be used on behalf of such futu initiatives. 19
St Andres, Stapleford Parochial Church Council 13. Analysls of net assets between funds 2024 Unrestricted Designated Restricted Total Fixed assets Investments 124,873 124,873 Current assets Debtors 1,887 67,183 558 2,445 112,809 Cash at bank and in hand 5,383 40,243 Current liablllties Creditors: due within one year (14,726) (14,726) Net assets 179.217 5,383 40,801 225,401 2023 Unrestricted Designated Restricted Total Fixed assets Investments 122,421 122,421 Current assets Debtors 1,495 56,795 564 2,059 97.037 Cash at bank and in hand 8,383 31,859 Current liabilities Creditors: due within one year {16,966} {16,966) Net assets 163,745 8,383 32,423 204,551 20