2024-12-31-accounts

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All Saints Church, Newmarket

(Charity Registration Number 1158500)

Parochial Church Council Annual Report and Accounts Summary for the period 1st January 2024 to 31st Dec 2024

All Saints Church, Newmarket

(Charity Registration Number 1158500)

Annual Report & Financial Statements of the Parochial Church Council

For the year ended 31st December 2024

All Saints Church, Newmarket (Charity Registration Number 1158500)

Parochial Church Council Annual Report and Accounts Summary for the period 1st January 2024 to 31st Dec 2024

Administrative Information .................................................................................. III PCC Membership ................................................................................................ IV Aim and Purposes .............................................................................................. V Objectives and Activities ...................................................................................... V Structure, ............................................................................................................... V Policy Updates .................................................................................................... V Church Attendance/Electoral Roll: ...................................................................... VI Examined Accounts ............................................................................................................ 1-10

All Saints Church, Newmarket

(Charity Registration Number 1158500)

Parochial Church Council Annual Report and Accounts Summary for the period 1st January 2024 to 31st Dec 2024

ADMINISTRATIVE INFORMATION

All Saints Church is situated in All Saints Road, Newmarket in the County of Suffolk. It is part of the Diocese of St. Edmundsbury & Ipswich within the Church of England. This is a single Parish Benefice which has one church building within the parish and the correspondence address is All Saints Church, All Saints Road, Newmarket, Suffolk CB8 8ES.

The telephone contact number is 01638 666240.

VICAR : Reverend Canon Robert Otule, 32 Warrington Street, Newmarket, CB8 8BA.

BANKERS : Barclays Bank plc

INDEPENDENT EXAMINER : Philip Keeble, Senior Finance Manager, St Edmundsbury and Ipswich Diocese Office

SAFEGUARDING POLICY: Our parish of All Saints, Newmarket is committed to safeguarding children, young people, and adults from harm. We follow the House of Bishops guidance and policies and have our own Safeguarding Officer. Our Diocese of St Edmundsbury & Ipswich’s safeguarding pages contain vital links and information including contacts for the Diocesan Safeguarding Officer who advises our Safeguarding Officer

III

All Saints Church, Newmarket

(Charity Registration Number 1158500)

Parochial Church Council Annual Report and Accounts Summary for the period 1st January 2024 to 31st Dec 2024

ALL SAINTS CHURCH PARIOCHAL CHURCH COUNCIL (PCC)

The Parochial Church Council is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006) and is registered with the Charity Commission of England & Wales, registration number 1158500.

PCC Membership:

The method of appointment of PCC members is as set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and all members on the Roll are eligible to stand for election to the PCC.

PCC members who have served at any time from 1[st ] January 2024 until the date this report was approved are:

Role	Name	Notes
Incumbent/Vicar	Rev Canon Robert Samuel Otule	Chair From September 2022
AssistantCurate	Rev Rick Woodard	Ex-officio

Church Wardens	Mr Chris King	Vice Chair from July2022
	Mr Paul Stannard

Synod Representatives	Mr Paul Stannard
	Dr Chinedu Madichie

Elected Members	Ms Jane Culpin	Safeguarding officer
	Mrs Susan Feary	Until April 2024
	Miss Jan Stiff
	Mr Frankie Akwensivie
	Mr Michael Meeks

	January 2023 to 31st	Dec 2023
Role	Name	Notes
	Ms JoyEdwards
	Mr David Hopper	Treasurer
	Mr David Mcgrath
	Mr Chris New
	Mrs Christelle Greaves-Hopper

1) Aim and Purposes

All Saints Parochial Church Council has the responsibility of cooperating with the incumbent, in promoting within the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

2) Objectives and Activities

When planning our activities for the year, the Incumbent and PCC have considered the Charity Commission's guidance on public benefit and the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:

. Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus.
. Provision of pastoral care for people living in the parish.
. Missionary and outreach work.
. Community engagement

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the Church are to be spent.

3) PCC Structure, Governance and Management

(i)PCC meetings:

The PCC meets several times throughout the year. In 2024 the PCC met 6 times in the church building.

(ii) PCC Policy Updates

During 2024 two policies were reviewed and updated by the PCC.

(iii)PCC Structure :

The PCC operates through four main panels that report back to the PCC for decision making:

Standing Committee , which is the only committee required by law, which will meet when required between PCC meetings to deal with urgent issues. The committee comprises the Vicar, the 2 Church Wardens, Church Treasurer

and 2 elected members as decided by the PCC. These members are elected at the first PCC meeting following the APCM.

Mission Committee, Organising the mission activities of the church and any donations to outside mission partners.
Worship Committee, are responsible for organising the worship events in the life of the church, plus coordinating the ministry of the Music group.
Finance Team, though not a committee, are responsible to the PCC for all financial matters in the church.

Other church Ministries :

⚫[KFC (Kids For Christ) is the ministry for the children in the church.]
⚫ Children and Families ministry which supports families and their children.
⚫ 24/7 Prayer ministry which organises prayer efforts/events in the church.
⚫ JigSaw which is a ministry to the community, supporting parents/ carers with their Toddlers every Friday morning.
⚫ Shine a Light Dementia Cafe which supports those living with Dementia and their families/carers from the church and wider community.
⚫[Arts at All Saints’ which organises Arts events in the church.]
⚫ Men’s and Women’s ministry efforts which support the men and women in the church and in the community.
⚫ Knit and Natter which is a specific ministry to the older members of the community and congregation.
⚫ Seniors coffee morning which supports the elderly in the community.
⚫ Warm Space/Welcome Space every Tuesday throughout the year supporting vulnerable and lonely people.

VOLUNTEERS

The church has a host of volunteers who help in the day to day life and running of the church with the guidance and support of the PCC in activties such as Christian worship activities, providing refreshments at various events in and outside the church, flower arranging, cleaning and maintenance of the building, stewardship

of our finances and the development and growth of spiritual, social and pastoral aspects of our community life. The PCC are very grateful for the many hours of time given by these members of the congregation and wider community.

4)Church Attendance/Electoral Roll and other data collection :

The PCC through the wardens and duly elected officers are responsible for the collation and updating of church attendance figures. These also include Mission, finance and energy footprint statistics which are submitted to the Diocese annually.

Electoral roll figures up to the 31[st ] December 2024 show that there were 121 persons on the church electoral roll (2023 figures were 121).

All Saints Church, Newmarket

(Charity Registration Number 1158500)

Parochial Church Council Annual Report for the period 1[st] January 2024 to 31[st] Dec 2024

Page 1 of 10

All Saints Church, Newmarket

(Charity Registration Number 1158500)

Parochial Church Council Annual Report for the period 1[st] January 2024 to 31[st] Dec 2024

Notes to the Accounts

Basis of Preparation
1.1 Basis of Accounting

These accounts have been prepared in accordance with the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCC’s and with the regulations’ “true and fair view” provisions, also prepared under the Charities SORP (FRS 102).

2. Accounting policies

2.1 Fund accounting

Unrestricted funds are available for use at the discretion of the PCC in furtherance of the general objectives of the church.

Restricted funds are subjected to restrictions on their expenditure imposed by either the donor or through the terms of an appeal.
Designated Funds are funds that the PCC has set aside for specific projects or purposes and may be returned to the General Fund as the need arises.

Non-PCC controlled restricted funds are:

Hardship Fund for the benefit of individuals with an unaffordable imminent need at the incumbent or churchwardens’ discretion.

Shine A Light monies raised by and for the use of the Shine A Light team for the purposes and benefit of the Dementia Group.

Jigsaw monies raised by and for the use of the Jigsaw team for the purposes and benefit of the Jigsaw Toddler Group.

Sizewell monies for the bi-annual church family weekend.

2.2 Recognition of incoming Resources

These are included in the Statement of Financial Activities (SoFA) when:

The charity becomes entitled to resources.
Income tax recoverable on covenants or gift aid donations is recognized when the income to which it relates is received.

2.3 Resources expended

Expenditure is accounted for on a gross basis in SoFA and VAT is reclaimed later. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs.

2.4 Allocation of costs

Resources expended are allocated to a particular activity where the cost relates directly to that activity.

2.5 Grants and donations

Grants and donations are only included in SoFA when the charity has unconditional entitlement to the resources.

Page 2 of 10

All Saints Church, Newmarket

(Charity Registration Number 1158500)

Parochial Church Council Annual Report for the period 1[st] January 2024 to 31[st] Dec 2024 2.6 Tax reclaims on donations and gifts

Incoming resources are included in the SoFA at the time they are received, in 2024 claims; for 2022 and 2023 were also received.

2.7 Volunteer help

There is no monetary value to the volunteer help.

2.8 Investment income

This is included in the accounts when received.

2.9 Investment gains and losses

Gains and losses are included on the sale of investments.

2.10 Grants payable

These are recognised in the accounts when received and there are no conditions to be met relating to the grant which remain in the control of the charity.

2.11 Tangible fixed assets

These are capitalised if they can be used for more than one year, and cost at least £1000. They are valued at cost and depreciation is calculated to write it off over its expected useful life.

2.12 Investments

Investments are valued at market value at the end of the year.

Analysis

Administration Expenditure Unrestricted

Administration Expenditure Unrestricted
Bank charges(cash and cheques)	£259
Recycle bin	£78
Depreciation	£522
Postage/leaving gifts/mileage non/financepackage	£205
Total	£1139

Accounts payable (Creditors)

£1,677 including Gas and Electric for Dec 2024 which was paid in Jan 2025

Transfers between funds

General Fund to Fabric Fund for Quinquennial repairs £20,000 agreed PCC 22[nd] July 2024. General Fund to Energy saving initiatives Gift Day 2023 Fund £5,000 agreed PCC 22[nd] July 2024

General Fund to Mission Fund £10,197 from 2023 income .

Hardship Fund transfer to Sizewell Fund agreed by the Vicar £460 for attendees, £180 reversed for non-attendees.

Designated Discretionary Fund to reordering £255 previous donation in 2021 redirected as per donor request.

Warm spaces transfer to General Fund Jan to March 2024 £1069 for Gas and Electric.

Page 3 of 10

All Saints Church, Newmarket

(Charity Registration Number 1158500)

Parochial Church Council Annual Report for the period 1[st] January 2024 to 31[st] Dec 2024

Tangible assets

These are the vestry safe, the electronic keyboard and the drum kit all depreciated at 100% due to their low valuation per the PCC decision ;18[th] November 2024.

Expenditure

Raising funds is the Town Band fee.

Expenditure on charitable activities is all expenditure on church running including Parish Share, see breakdown on the Analysis of Income and expenditure document (pages 5 and 6)..

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 authorizing 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.

Page 4 of 10

All Saints Church, Newmarket

(Charity Registration Number 1158500)

Parochial Church Council Annual Report for the period 1[st] January 2024 to 31[st] Dec 2024 Statement of Financial Activities

Page 5 of 10

All Saints Church, Newmarket

(Charity Registration Number 1158500)

Parochial Church Council Annual Report for the period 1[st] January 2024 to 31[st] Dec 2024

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All Saints Church, Newmarket

(Charity Registration Number 1158500)

Parochial Church Council Annual Report for the period 1[st] January 2024 to 31[st] Dec 2024

Page 7 of 10

All Saints Church, Newmarket

(Charity Registration Number 1158500)

Parochial Church Council Annual Report for the period 1[st] January 2024 to 31[st] Dec 2024

Page 8 of 10

All Saints Church, Newmarket

(Charity Registration Number 1158500)

Parochial Church Council Annual Report for the period 1[st] January 2024 to 31[st] Dec 2024

Page 9 of 10

All Saints Church, Newmarket

(Charity Registration Number 1158500) Parochial Church Council Annual Report for the period 1[st] January 2024 to 31[st] Dec 2024

Page 10 of 10

All Saints Church, Newmarket

All Saints Church, Newmarket

CONTENTS

All Saints Church, Newmarket

ADMINISTRATIVE INFORMATION

All Saints Church, Newmarket

ALL SAINTS CHURCH PARIOCHAL CHURCH COUNCIL (PCC)

PCC Membership:

1) Aim and Purposes

2) Objectives and Activities

3) PCC Structure, Governance and Management

(i)PCC meetings:

(ii) PCC Policy Updates

Other church Ministries :

VOLUNTEERS

4)Church Attendance/Electoral Roll and other data collection :

All Saints Church, Newmarket

All Saints Church, Newmarket

Notes to the Accounts

2. Accounting policies

2.1 Fund accounting

2.2 Recognition of incoming Resources

2.3 Resources expended

2.4 Allocation of costs

2.5 Grants and donations

All Saints Church, Newmarket

2.7 Volunteer help

2.8 Investment income

2.9 Investment gains and losses

2.10 Grants payable

2.11 Tangible fixed assets

2.12 Investments

Analysis

Administration Expenditure Unrestricted

Accounts payable (Creditors)

Transfers between funds

All Saints Church, Newmarket

Tangible assets

Expenditure

Going Concern

All Saints Church, Newmarket

All Saints Church, Newmarket

All Saints Church, Newmarket

(Charity Registration Number 1158500)

Parochial Church Council Annual Report for the period 1[st] January 2024 to 31[st] Dec 2024

All Saints Church, Newmarket

All Saints Church, Newmarket

All Saints Church, Newmarket

(Charity Registration Number 1158500) Parochial Church Council Annual Report for the period 1[st] January 2024 to 31[st] Dec 2024