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2024-12-31-accounts

Trustees Annual Report and Financial Statements

The Parochial Church Council of Saint Mary, Kemp Town Year ended 31 December 2024

Contents
Annual Report 2
Report of the Independent Examiner 7
Statement of Financial Activities 8
Balance Sheet 9
Statement of Assets and Liabilities 10
Fund movement by type 11
Analysis of Income and Expenditure 12
Notes to the financial statements 14

St Mary’s Church, Kemp Town, 61 St James’s Street, Brighton BN2 1PR Registered Charity No. 1158922

Incumbent: The Reverend Andrew Woodward, St Mary’s Church 61 St James’s Street, Brighton BN2 1PR Independent Examiner: Mr. Martin Bartholomew 21 Mariners Quay, Littlehampton BN17 5DA

Page 1

The Parochial Church Council of Saint Mary, Kemp Town

Year Ended 31 December 2024 Trustees Annual Report for 2024

Structure, Governance and Management

The Parochial Church Council of the Ecclesiastical Parish of Kemp Town: Saint Mary is a registered charity, no. 1158922.

During the year, the following served as members of the PCC:

Ex Officio Members Incumbent: The Reverend Andrew Woodward, Chairman

Churchwardens: Ms. Kaye Inglis Mrs. Jane Chetwynd-Appleton, also PCC Secretary Elected Members: Mrs. Margaret Green, Reader Mrs. Joanna Gordon-Hall, Reader Ms. Rebecca Donoher Mrs. Gladys Masvosva ALM Ms. Naume Chawuluka Mr. Andrew Palmer Mr. Adrian Jenkins (from April 2023, resigned January 2024) Ms Jane Pritchard Vacant Deanery Synod Representatives: Mr. Paul Stacey Mrs. Denise Sutherland Mr. Philip Davis, Treasurer Diocesan Synod Representatives Mr. Gordon Marsden

Membership of the PCC is determined under the Church Representation Rules and consists of certain ex-officio members (the incumbent, lay readers licensed to officiate in the church, the churchwardens, and members of the Deanery, Diocesan and General Synods), and up to nine members of the church, who are elected at the Annual Parochial Church Meeting (APCM). Members are warmly encouraged to stand for membership of the PCC and we try to ensure a balance of skills and experience where possible.

Aim and Purposes

The primary objective of St Mary’s PCC is the promotion of the gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility of cooperating with the incumbent, the Reverend Andrew Woodward, in promoting in the ecclesiastical parish the whole mission of the Church - pastoral, evangelical, social and ecumenical.

Page 2

Objectives and Activities

Our mission is to promote and secure the future of St Mary’s as a church that meets the spiritual needs of our parishioners and visitors to our parish, provides a welcoming space for secular public use and positions itself as an asset and resource for the whole community.

The PCC maintains an overview of worship throughout the parish and proposes and nurtures services and activities to engage the diverse groups that live within our parish.

Our services and worship put faith into practice through prayer and scripture, music and sacrament. When planning our activities for the year, the Incumbent and the PCC have considered the Charity Commission’s guidance on public benefit, and, in particular, the specific guidance on ‘charities for the advancement of religion’. In particular, we try to enable local people to live out their faith as part of our parish community through:

Maintaining the fabric of St Mary’s Church and of St Mary’s Church Hall and improving the facilities of both buildings is essential to achieving our mission.

Achievements and Performance

Church attendance and ceremonies

At 31 December 2024, there were 105 members on the church roll, of whom over 70% are not resident in the parish. The weekly attendance in 2024, counted during October in accordance with the church statistics requirement was 83, compared with 63 in 2023.

Fr Andrew conducted the funerals for dear parishioners Anne Verrall on 12 January, and Gillian Maddock-Lyon on 15 October. Fr Andrew officiated at the funeral for Geoffrey Smith – Priest, in church on 28 October. Margaret officiated at the service for Stanley Goddard at the Downs Crematorium on 29 November. We held Memorial services for Jeff Hart on 23rd February, for James Temple-Smithson on 7 March at Brighton College and Jez Thomas in church on 14 June. Fr Andrew also conducted a memorial service for Jane Whitaker in the Lady Chapel, and several memorial events at Swanborough House, with whom we have a close relationship. Fr Andrew attended the funeral service at the Downs on 23 August for Nigel Jones, partner of Amyn Eboo and the funeral for Janie Thomas at Dorset Gardens on 29 August.

We hosted the funeral for Jason Sutton AKA “Miss Jason” on 23rd May at which Fr Anthony Moore officiated as Jason and his partner were resident in Rottingdean. The church was full to overflowing. There was one wedding in 2024 -Michael Foote and Millie Cook on Saturday 18 May – a lovely occasion, as was the Wedding Blessing on 16 August for Chen Zhang and Cong Shao, a delightful Chinese couple who found St Mary’s following an internet search for a church in Brighton. Fr Andrew baptized Roman Lorenz on 24 March, Maarja Varik on 16 June, and Oliver Varik on 30 June.

Review of the year

  1. As well as in person, Sunday worship was live-streamed every Sunday. Public worship at the smaller weekday services has continued. We were able to conduct our normal complement of Christmas services

Page 3

in public with the Mayor for Brighton and Hove, Councillor Mohammed Asaduzzaman. The MP for Kemp Town, Chris Ward sent apologies this year as he was away with family.

  1. The full PCC met five times during the year, in February, May, July, September and December. Each meeting was quorate. Minutes of the deliberations were received by the full PCC and discussed where necessary. The Standing Committee met regularly and comprises of the Incumbent, the two Churchwardens, the Treasurer and the Safeguarding Officer. Full minutes are taken of all meetings.

Our Parent and Toddler group, “Kemp Town Koalas” continued to meet throughout the year on Tuesday afternoons in the Small Hall, run by Kaye Inglis, Steve Watters, and myself. Our Drop in Community café continued on a Wednesday afternoon throughout the year. We are grateful for the support of the Brighton College Students and for the provision of sandwiches on a weekly basis from Brighton College.

  1. Breadwinners continue to use the outside of the East porch every Saturday between 10am and 4pm employing refugees and asylum seekers. We do not currently charge a pitch fee.

  2. The Five yearly Electrical Test of the Church was completed and has now been signed off with an appropriate certificate – Next due in 2028.

  3. Kaye Inglis continued the provision of our Lent lunch in February honouring the past contributions of Sheila Stacey in this regard.

  4. Fr Andrew continued to lead the weekly choir practices supported by Nick Andrews who kindly led the practice on the fourth Tuesday of the month.

  5. Margaret Green continued to lead our Pastoral Care Team which met every other month either on zoom or face to face to pray for the needs of the parish and especially those who are vulnerable or housebound.

  6. The Quinquennial report was carried out in 2024, identifying only two issues within 12 months which have been action. We are grateful to the Diocese of Chichester for a Minor works grant of £10,000 which has been partly drawn in 2024 and has covered this work and contributed to the Electrical certificate and the excess of £1,000 on an insurance claim re storm damage to the west side of the roof.

  7. On 4 January 2024, Fr Andrew attended a graduation ceremony in Durham Cathedral marking his achievement with a Masters degree with merit in Theology, Ministry and Mission, the culmination of three years’ work and a dissertation based on his last 15 years at St Mary’s. Fr Andrew expresses his thanks for the support allowing him time to study.

  8. On 12 January 2024, we held the funeral service in St Mary’s for Anne Verrall, a longstanding, faithful, loyal and committed member of St Mary’s and for another dear member Gillian Maddock-Lyon on 15 October followed by a burial by Fr Andrew in Frinton-on sea, Essex.

  9. On 13 January we hosted a quiz at St Mary’s with a fish and chip supper. Our Quizmaster was the wonderful Fr Robert Easton.

  10. Margaret Green arranged a lovely trip on 20 July to St Thomas at Cliffe in Lewes with a pub lunch at the Snowdrop Inn. A very happy occasion. Fr Hebert Bennett presided and preached at the Eucharist. We had a tour of the tower.

  11. Siriol Hugh-Jones re-launched our Fine Music for Free recital series which have been well received and another schedule is fixed for Spring 2025.

Page 4

  1. Dave Stevens the Director of Music at All Saints Hove conducted Stainer’s Crucifixion in church on Wednesday 27 March accompanied by Brighton Voices, our choir and a number of come and sing visitors. We plan to repeat in 2025.

  2. Fr Andrew was made an honorary canon of Chichester Cathedral on Sunday 16 June and preached at the Cathedral in his LGBTI role to welcome Chichester Pride in evensong at the Cathedral on Tuesday 18 June.

  3. Our Christmas services were well attended, including a fabulous Crib service led by Rev’d Dr Jenny Morgans, who has Permission to Officiate at St Mary’s, with around 66 adults attending and 22 children. Our Christmas Midnight servicers had 92 attending and 65 on Christmas Day. Our Christmas Day drop in lunch facilitated by Michael Folkard, assisted by Mary Lake, the St Mary’s support team and a team of wonderful volunteers served over 100 people including families with small children. Our Christmas appeal raised £10,040 – an amazing result and the best on record.

  4. Kaye Inglis and Margaret Green lead our ECO group which has had a significant impact on the consumables we use, recycling of wax, cartridges and batteries together with the use of compostable cups and collection thereof by Recorra. We have abandoned any use of single use plastic. Our Bronze award with Arocha has been achieved.

  5. Grants from The Diocese of Chichester, The John Booth Charitable Trust, The Letitia, Tarner, Tilbury Trust, the Community Trust of the BVM and the Listed Places of Worship Grant Scheme (LPWGS), are gratefully acknowledged in 2024 and noted respectively below under section 9 on page 15.

  6. The Church heating developed a serious fault with the hydraulic gas valves just before Christmas. Work is ongoing to find a solution. We are being advised by Equazion who refurbished the system in 2012.

  7. The acquisition of the land to the west of the church moves slowly. Winckworth Sherwood our Solicitors have completed an exercise of looking at conflicts of interests. We are advised to explore any contingent liability in respect of the attraction of a ratable value of a site that is currently unoccupied.

Financial Review

  1. Total receipts (general unrestricted and restricted funds) were £115,894 Total outgoings were £116,272, a deficit of expenditure over income of £378.

Income £115,894 (includes £1,400 insurance claim to roof damage)

Expenditure £116,272

Deficit (£378)

After adding back the gains in our Investment assets in the year, the net movement in funds was positive by £2,277.

  1. £27,500 was paid in the year to the Diocese as our pledge towards the Parish Ministry Contribution (PMC). This pays towards a 0.66 stipend for the incumbent, housing for the clergy, a contribution to clergy pensions, and a standard sum for diocesan central costs, diocesan clergy training and a contribution to the national church funds.

Page 5

  1. We maintain a balance of designated funds via our CCLA deposit account which stood at £26,275 at the end of 2024 made up of the St Mary’s Hall Assn, music grant, £800, Sheila Stacey fund for Pentaptych repair, £2,000. Balance of Diocesan Energy Grant, £10,800, Diocesan grant re Koalas £1,000, Solicitors fees provision for West Side, £3,000, Christmas 2024 -balance £3,165, Emergency Reserve, £5,000 and Cameras/sound reserve £510.

  2. The restricted funds, as per two of our investment funds totaling £35,242 are detailed in our accounts and have the Diocese as Custodian Trustee. The Friends account is designated for fundraising purposes. The Friends account balance of £211 is held on a separate Barclay’s deposit account.

Reserves policy

It is PCC policy to maintain a balance of four months’ general expenditure in unrestricted funds/designated funds.

It is PCC policy to invest funds with the CBF Church of England Deposit Fund. The fund balance at 1 January 2024 was 26.275.00, and at 31 December 2024, was identical at £26,275.00.

Total cash available as at 31 December 2024: £148,585

Approved and signed on their behalf by HAs. Reverend Andrew J Woodward Chair of Trustees.

14th March 2025

Page 6

Parochial Church Council of the Ecclesiastical Parish of Kemp Town: Saint Mary Year ended 31 December 2024

Independent Examiner’s Report to the Parochial Church Council,

St Mary’s Church Kemp Town, Brighton

I report to the Trustees on my examination of the accounts of the Parochial Church Council (PCC) of St Mary’s Church Kemp Town, Brighton.

Responsibilities and Basis of the Report

As the charity trustees of the Parochial Church Council, 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 PCC’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the PCC as required by section 130 of the Act, or,

  2. the accounts do not comply with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a “true and fair view” which is not a matter considered as part of an independent examination.

I have no concerns 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.

The 2024 TAR and Financial Statements betoken the remarkable achievements of the fifteen years of Fr Andrew’s incumbency.

Signed

Name: Mr. Martin Bartholomew

Relevant professional qualification: Company Director

Address: 21 Mariners Quay, Littlehampton, West Sussex, BN17 5DA

Date: 19th March 2025

Page 7

Statement of Financial Activities

Unrestricted
Designated
Restricted
Total Prior year
46.437
-
46,437
52,882
56,526
-
-
56,526
47,995
4,167
-
-
4,167
3,546
8,764
-
8,764
20.952
115,894
-
115,894
125.375
8,973
-
8,973
6.324
74,540
-
-
74,540
78,410
32,759
-
-
32,759
38,981
116,272
-
-
116,272
123,715
(378)
-
(378)
1,660
-
-
-
(497)
-
(497)
-
3,152
-
3,152
7,337
2,277
-
2,277
8,997
207,447
-
207,447
198,450
209,724
-
209,724
207,447
35,242
35,242
34,350
6,084
-
6,084
6,972

6,165
6,165
6,300
-
18,000
18,000
18,000
81,906
-
81,906
79,646
42,006
-
42,006
42,006
5,000
5,000
5,000
1,000
1,000
1,000
-
-
-
2,000
2,000
2,000
211
211
198
510
-
510
-
-
-
-
-
800
-
800
1,175
-
10,800
-
10,800
10,800
6,084
168,398
35,242
209.724
207,447
Income and endowments from:
Donations and legacies
Income from charitable activities
Investments
Other income
Total income
Expenditure on:
Raising funds
Expenditure on charitable activities
Other expenditure
Total expenditure
Net income / (expenditure) resources before transfer
Transfers
Gross transfers between funds - in
LPWGS not claimed
Other recognised gains / losses
Gains / losses on investment assets
Net movement in funds
Total funds brought forward
Total funds carried forward
Represented by
Restricted
Diocese as Custodian Trustee
Unrestricted
General fund
Designated
West side fund 3,000
Christmas fund 3,165
Piano
St Mary’s Investment assets
Other tangible assets
Emergency Reserve
Koalas grant - Diocese
Pentatych repair
Friends Fund
Sound and Camera
South Aisle windows
St Mary’s Hall - Music fund
Diocesan Energy Grant

Page 8

Balance sheet

Class and code Description This year Prior y

Fixed assets
6000
CBF deposit fund 610369002D - now CB3023823
6010
CBF Investment Fund Income 610369001S - now CB3023822
6020
CBF Fixed interest 610369001F - now CB3023821
6030
CBF Investment General Religious 110001101S - now CB3005129
6040
CBF Fixed Interest Sunday School 110001259F - now CB3005275
Sub Total Funds
7000
Church Hall - at cost freehold property
7010
Church Hall Flat - renovations at cost
7020
Equipment - at cost
7030
Piano
Total Fixed assets
Current assets
5000
Barclays Church a/c 2734
5010
Barclays Friends a/c 3047
5020
Stripe fees due
Z05
Accounts Receivable LPWGS
Total Current assets
Liabilities
6998
PAYE payable (£10) and rounding (£1)
6699
Barclaycard Xero account v statement
Z04
Barclaycard
Total Liabilities
Net Asset surplus(deficit)
Reserves
Excess / (deficit) to date £378, plus LPWGS £497
Z01
Starting balances
Z02
Gains/(losses) on investment assets
Total Reserves
Represented by funds
Unrestricted
Designated
Restricted
Endowment
Total
26,275
26,275
20,199
19,748
61,707
59,898
20,302
19,847
14,940
14,504
143,423
140,271
12,725
12,725
26,122
26,122
3,159
3,159
18,000
18,000
203,429
200,277
6,829
10,288
211
198
293
-
1,122
745
8,455
11,231
(11)
-
(33)
197
2,203
3,864
2,159
4,061
209,724
207,447
(875)
1,660
207,447
198,450
3,152
7,337
209,724
207,447
6,084
6,972
168,398
166,125
35,242
34,350
-
-
209,724
207,447

Page 9

Statement of assets and liabilities

General Designated Restricted Endowment Thisyear Lastyear
Fixed assets - Heritage assets
Church Hall - at cost freehold property -
Church Hall Flat - renovations at cost -
Equipment - at cost -
Totals
Fixed assets - Investments
CBF deposit fund CB3023823
CBF Investment Fund Income
CB3023822-
CBF Fixed interest CB3023821
CBF Investment General Religious
CB3005129-
CBF Fixed Interest Sunday School
CB3005275 -
Totals
Fixed assets - Tangible assets
Piano -
Totals
Current assets - Cash at bank and in hand
Barclays Church a/c 2734 -
Barclays Friends a/c 3047 -
Stripe fees
Totals
Current assets - Debtors
Accounts Receivable - LPWGS
Totals
Liabilities - Agency accounts
Agency collections -
Totals
Liabilities - Creditors: Amounts falling
due in one year
Barclaycard
Accounts Payable
Totals
Grand total
-
12,725
-
-
12,725
12,725
-
26,122
-
-
26,122
26,122
-
3,159
-
-
3,159
3,159
-
42,006
-
-
42,006
42,006
-
26,275
-
26,275
26,275
-
20,199
-
-
20,199
19,748
-
61,707
-
-
61,707
59,898
-
20,302
-
20,302
19,847
-
14,940
-
14,940
14,503
-
-
-
-
-
-
-
-
-
-
-
-
143,423
-
143,423
140,271
-
18,000
-
-
18,000
18,000
-
18,000
-
-
18,000
18,000
6.829
-
-
6,829
10,288
211
-
211
198
293
-
-
293
-
7,122
211
-
7,333
10,486
-
1,122
-
-
1,122
745
-
1,122
-
-
1,122
745
-
-
-
-
-
-
-
-
2.203
-
,
-
2,203
38
64
(44)
-
-
-
(44)
197
2,159
-
2,159
4,061
4,963
204,762
-
209,724
207,447

Page 10

Fund movement by type

Opening
IncomingOutgoing Transfers Gains/losses
Closing
Invest
Investment Assets
Restricted
Sub-total for inv res
Invest
Investment Assets
Designated
Sub-total for inv des
Camera/sound
Designated
Sub-total forCamera/sound
Friends - Friends Fund
Designated
Sub-total for Friends
Christmas
Designated
Sub-total for LTT
South Aisle windows
Designated
Sub-total for Windows
Music Fund
Designated
Sub-total for Music
Diocesan Energy Grant
Designated
Sub-total for Energy grant
Tangible - Tangible assets
Designated and piano
Sub-total for Tangible
General - General fund
Unrestricted
Sub-total for General
Pentaptych £2,000
West Side Fund £3,000
Koalas £1,000
Emergency £5,000
Grand total
34.350
-
892
35,242
34,350
-
892
35,242
79,646
-
-
-
2,260
81,906
-
-
-
-
79,646
-
-
2,260
81,906
NIL
510
510
-
-
-
-
-
-
510
-
-
510
198
13
-
-
211
198
13
-
-
211
3,300
-
(135)
3,165
3,300
-
(135) 3,165
Nil
Nil
-
-
-
-
Nil
-
-
Nil
1,175
-
(375)
-
800
1,175
-
-
-
800
10.800
-
-
10,800
10,800
-
-
10,800
60.006
-
60,006
60.006
-
-
60,006
6,972
(888)
6,084
6,972
-
(888)
6,084
11,000
11,000
207,447
523
(375)
2,129
209,724

Page 11

Analysis of income and expenditure

Unrestricted Designated Restricted Insurance This year Last year
INCOME AND ENDOWMENTS
Donations and legacies
0100 - Giving: gift aided 25.687 - - - 25,687 22,178
0110 - Giving: Cash from services 1,440 - - - 1,440 3,298
0120 - Giving: non-gift aided 2.387 - 2,387 12,000
0200 - Other donations - Donations /candle 7,214 - - - 7,214 6.021
0210 - All other donations - - - 823
0220 - All other donations - Refreshments 426 - - 426 253
0240 - All other donations - Flowers - - - - - -
- - - -
-
0270 - All other donations – Just Giving 2.163 - - - 2,163 1,844
receipts
0320 - Gift aid recovered 7.100 - - 7,100 6,455
0340 - Legacies received - - - - -
0520 - Friends donations 10 - - - 10 10
Total 46,437 - - 46,437 52,882
Income from charitable activities
0230 - Loyalty Bank payments 32 - - - 32 52
0510 - Proceeds from Fund raising - Events 2,931 - - - 2.931 5,272
0700 - Church lets 14,829 - - 14,829 14,131
0710 - Church Hall lets: St Anne's Trust Nil - - Nil Nil
0720 - Church Hall lets: Ad hoc 6,047 - - - 6,047 5,571
0730 - Church Hall lets: Flat 4,500 - - 4,500 3,000
0740 - Church Hall 23,394 - - 23.394 18,718
0741 - Church Hall - Koalas 243 - - 243 514
0800 - PCC Gross fees 3,150 - - - 3,150 737
Total 55,126 - - 55,126
47,995
Investments
0600 - Investment income 4,167 - - - 4,167 3,546
Total 4,167 - - - 4,167 3.546
Other income
0330 - VAT recovered via LPWGS 1.022 - - - 1,022 599
0400 - Stewardship grant - - - - 2,000
0405 - Insurance claim – roof damage 1,400 - - - 1,400 -
0410 - Grant income – Letitia, Tilbury 700 - 700 800
0420 - Grant income Sussex Historic Churches 264 - - - 264 -
0430 - Other Grant Income 5,278 - 5,278 2.668
0001 - Diocesan Energy Cost Grant - - - - 1.838
0000 - St Anne’s Trust - - - - 1,250
0950 - National Lottery Community Fund - - - - 10,000
0951 - Other Income - Big Issue 1,500 - - - 1,500 1.797
Total 10,164 10,164 20,952
INCOME TOTAL 115,894 115,894 125,375

Page 12

Unrestricted Designated Restricted Endowment This year Last year
EXPENDITURE
Raising funds
2200 - Fees – Recitals/events 8,398 - - 8,398 6,000
2215 - Church Licensing 575 - - - 575 324
2216 - HLF Phase II expenses - - - - - -
Total 8,973 - - 8,973 6,324
Expenditure on charitable activities
2000 - Parish Ministry Contribution 27,500 - - - 27,500 36,000
2099 - Venue Administrator expenses 1,665 - - - 1,665 1,553
2101 - Activities Manager salary inc PAYE - - - - -
2110 - Tax – HMRC included in 2101 - - - - - -
2220 - Fees - Deputizing clergy Nil - - - Nil 74
2230 - Fees - Deputizing organists 3,333 - - - 3,333 2,775
2300 - Bank and card charges 633 - - - 633 559
2630 - Church - maintenance 12,492 - - - 12,492 10,370
2660 - Church - Music (Organ and piano 1,740 - - - 1,740 756
upkeep)
2700 - Admin Professional development 3,441 - - - 3.441 2,664
2800 - Utilities Church Electricity 1,706 - - - 1,706 3,637
2810 - Utilities - Church Gas - Main 10,578 - - - 10,578 11,771
2820 - Utilities Church Gas - Vestry 1,707 - - - 1,707 1,106
2830 - Utilities - Church Water 353 - - - 353 190
2840 - Utilities - Church Hall Electricity 219 - - - 219 1,707
2850 - Utilities - Church Hall Gas 4,425 - - - 4,425 1.896
2860 - Utilities - Church Hall Water 1,273 - - - 1,273 809
2900 - Church Hall - Cleaning 1,301 - - - 1,301 961
2910 - Church Hall - Consumables 165 - - - 165 478
2960 – Church hall cleaner 2,009 - - - 2,009 1,076
Total 74,540 - - 74,540 78,410
Other expenditure
2210 - Fees - Diocese 557 - - - 557 157
2410 - Vicarage council tax 2,825 - - - 2,825 2,690
2420 - Vicarage water rates 553 - - - 553 596
2450 - Telecoms - Church 1,289 - - - 1.289 1,228
2670 - VAT recoverable - - - - - 754
2470 - Telecoms Vicarage 765 - - - 765 760
2600 - Church - Liturgical supplies 1,128 - - - 1,128 542
2610 - Church - Charitable giving 2,546 - - - 2,546 2,741
2620 - Church - Consumables 5,510 - - - 5,510 3,494
2625 - Church - Equipment 1,596 - - - 1,596 2,216
2635 - Church - Insurance 8,211 - - - 8,211 6.913
2640 - Church - Major repairs/ Tower room - - - -
2640 - Church - Major Repairs - - - -
2710 – Phase II retention – Stone Edge - - - -
2920 - Church Hall - Maintenance 4,141 - - - 4,141 12,778
2930 - Church Hall Insurance 1,491 - - - 1,491 1,473
2940 – Church hall - Major Repairs - - - - - 286
2950 - Other Expenditure 2,147 - - - 2,147 2,353
Total 32,759 - - - 32,759 38.981
EXPENDITURE TOTAL 116,272 - - 116,272 123,715
Surplus/Deficit (378) - (378) 1,660

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Notes to the Financial Statements

1. ACCOUNTING POLICIES

(a) Basis of Accounting

The annual accounts have been prepared under the historical cost convention and accruals basis. They are compiled using the Xero accounts package.

(b) Fixed assets

All fixed assets are initially recorded at cost.

(c) Investments

Investments are recorded at market value.

2. TANGIBLE FIXED ASSETS

2024 2023
Church - -
Church Hall – at cost freehold property 12,725 12,725
Church Hall Flat – renovations at cost 26,122 26,122
Equipment – at cost 3,159 3,159
Piano 18,000 18,000
--------------- ---------------
60,006 60,006
--------------- ------------

3. INVESTMENTS

The investments are held by the Central Board of Finance on behalf of St Mary’s Church, Kemp Town, Brighton.

Income from investments, at £4,167 was slightly higher than last year, £3,546 due to an increase in interest rates. The capital value of the investment funds increased overall by £3,152 in the year.

4. INVESTMENT ASSETS

CBF deposit fund 610369002D account renumbered by CCLA - CB3023823 is an interest-bearing account used to park funds until they need to be applied, at which point they are transferred into the main bank account. The fund stood at £26,275 at 31 December 2024. The total for the other investment fixed assets is as follows:

Unrestricted Restricted Endowment Total funds Prior year
funds funds - Cust. funds total funds
Trustee
Investment £81,906 £35,242 - £117,148 £113,996
Assets

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5. AMOUNTS FALLING DUE WITHIN ONE YEAR

Creditors due within one year are broken down as follows:

Diocesan Loan
General fund (Unrestricted)
2024
2023
-
-
2,159
4,061
2,159
4,061

6. LEGACY

No legacies were received in the year.

7. GIFT AID AND LISTED PLACES OF WORSHIP GRANT SCHEME

The sum of £7,100.46 was recovered in this calendar year from Gift Aid which includes the Gift Aid Small Donation Scheme GASDS, made up of donations via the contactless device “Good Box”, donations and candle box. We are reclaiming gift aid at regular three monthly intervals.

8. INSURANCE

Until 31 December 2017, the cost of insuring the church building was included in the Parish Ministry Contribution. This changed on 1 January 2018 and the insurance is now paid directly to our insurer, Ecclesiastical, in monthly installments, for an annual total of £8,212.

The church hall has always been insured separately with the same insurer. The amount paid in March 2024 was £1,491.

9 . OTHER GRANT INCOME

LPWGS £1,022.00
John Booth Charitable Trust £1,500.00
Letitia Tilbury Tarner £700.00
Diocese of Chichester Xmas Appeal £1,000.00
Diocese of Chichester Minor Works £2,278.00 (The total grant was £10,000, balance will
be paid in 2025)
Sussex Historic churches Trust £264.00
Community Trust of the BVM £500.00
TOTAL £7,264.00
Big Issue contribution £1,500.00
Insurance Claim £1,400.00
GRAND TOTAL £10,164.00

There were no Local Authority or Government grants paid in 2024. No payments were made to Trustees in the year other than reimbursement of legitimate expenses.

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