St Nicholas Church, Stevenage Parochial Church Council The Annual Report and Accounts of the Parochial Church Council of St Nicholas Stevenage Registered CharSty Number- 1161229 Year Ended 31 December 2024 Content$ Page Report of the Trustees 2-11 Independent Examlnerfs Report 12 Income and Expendlture Account lincorporating Statement of Financial Activitiesl 13 Balance Sheet 14 Notes to the Accounts 15-24
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees For the Year Ended 31 December 2024 INTRODucfioN The Parochial Church Councll as trustees of St Nlcholas Church, Stevenage presents annual report and financial statements for the year ended 31 December 2024. The trustees have adopted the provisions of Accountin8 and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectlve l January 20191. Deflnltlons pcc The Parochial Church Councll ¢ompri5ing clergy and elected representatlves, the trustees underthe PCC powers measure 1956. The Rector and Churchwardens appolnted trustees under the will of the late Robert Hawkes who died in 2008. Frlends of St Nicholas An independent charitable trust established to raise funds for the maintenance and improvement of St Nicholas Church Stevenage. The Rertor and Churchwardens are the trustees of the Bury Mead recreatlon area. The land is rented by Stevenage Borough C04Jncll1SBCI for a peppercorn rent and they are fully re5poftsible for managin8 it. Hawkes Trustees Bury Mead Trustees OBJEcfivES AND ACTivinES Alms and Purposes In co-operation with the incumbent, the PCC has the responsibility of promoting the pastoral, evangelistic, social and ecumenical misslon of the church in the eccle5ia5tical parish of St NScholas Stevenage. This includes the management of the church bullding on Rectory Lane, Stevenage. Resources The parish is served by a full-time cleric licenced by the Bishop of St. Albans. The Rertor Rev. Edward Keene has been in post since June 2023. Mrs Alison Hare Is the secretary to the benefice and provide5 administrative support to the cler8y. She receives an honorarlum. Vergers and organists are appointed on an irregular basis to support many of the occasional offices. The mi5slon of the church would not be fulfilled without the many volunteers who willingly serve in many area5 Ot church Ilfe.
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees for the year ended 31 December 2024 Oblertlves The '5Gs' have diretted our work slnce the PCC agreed them In 2016.. Grounded in the Bible, Growing in number, Glorifying God, Greater in likeness to Jesus, Glued together In a loving community. After eight years and wlth a new Rector it may be time to refresh these and we will review this at the next PCC away day in summer 2025. ACHIEVEMENT AND PERFORMANCE IN DELIVERING PUBLIC BENEFIT The PCC confirms that it has referred to the Charity's Commission'5 guidance on public benefit and believes that its objectives are In accordance with the guidance. The Mission Action Plan IMAP) approved by the Annual Parochial Church Meeting IAPCMI in April 2018 sets targets relatin8 to each of the PCC objectives. Some of the achievements over the last 12 months have been as follows.. On 15 January some of Thomas Alleynes a¢ademy puplls visited the church. We have forged a close link with Thomas Alleynes academy as Edward has set up a club in the school on a Thursday afternoon for those children interested in Christianity, working through the Alpha course. On 5 February we had an archaeologist visit the church. On 10 February the women's faSth and fellowshlp held a womens breakFast in church. During February we ran a pre marriage course which was for several weeks. During Lent we had a six week's course on the book of Revelation whlch was run by Tlna Hassan and Jacky Swanson. We also used "Finding Mercy on the way of Sorrow" which was written by Robln Ham during lent for either In the home groups or for personal study during that time. On 16 March Weston Muslc Society held a concert at St Nicholas Church in the evening which was really appreciated. On 20 March Giles Junior school year 3 vi51ted the church On 27 March Trotts Hill year I primary school visited the church. During the weekend of 22-23 March we held our Beneflce weekend away at S12ewell, which was led by Dr Lee Gatiss on the theme of the forgotten cross. We had Stephen and Anna and Rachel and Bernle leading the children's teaching. We had a large proportion of the congregation attend that weekend. During Holy Week we held our Maundy Thursday communion service and On Good Friday we had meditatlons at St Mar5 at 3pm. We held our Easter fun day on 30 March. We had Teddys going down a zip wire from the tower, cream teas and take. We had games for the children and a treasure hunt the church yard. It was a lovely day, and rc was well attended. On the 19 April we held the "Weston Music Societv concert which wa5 well received, we also had our womens faith and fellowship breakfast In church on 20, April. On the 25 April we hosted the Christen Institute's. public meeting which had a number of the supporters from the region attending. On the 2 May we opened the church as a polling station for the Stevenage Borough council elections. We held a Women's falth and fellowship ladies breakfast on the 8, June. We again opened up our Chureh as a polling station on 4 July for the UK parllamentary elertlons. On the 6 July we did a "Lltter Pick" as part of ' Love Stevenage" On 18 July we held a Parish Breakfast for the workin8 party working on the vicarage Garden
St NRcholas Church, Stevenage Parochlal Church Council Report of the Trustees for the year ended 31 December 2024 ACHIEVEMENT AND PERFORMANCE IN DELIVERING PUBLIC BENEFIT {ConYdl On 20 July Edward and Hannah held the vlcarage garden party. On the 14 September we had our PCC Away day. On l October the Leys School held their Harvest Assembly in church. The women's faith and fellowship held their coffee and cake morning on 12 October. Edward and Hannah held a"Newcomers tea" on the 27 October and again on the 3 November. On the 30 and 31 October we held our first Half term Hollday club which went well and Chrlstine Chambers organised both days. On the 2 November the "Weston Music Societf held their concert. On 8 November we held a memorial vigil and we reached oL¢t to all those who we knew who had lost loved ones In the past year. On 9 November Dr Trevor Allin presented Can we trust the Bible?. which was very Informatlve and well received. Momentum held a breakfast and bible study on Samson on 16 November. The "Hope Explored. course ran for three consecutive Sunday's from 17 November. On 23 Novemberthe worship team had a"Music team dav. Between the 25 and 29 November we hosted Bridge bullder5 Christmas journev. On 26 November both Trotts Hill school and Giles infant and nursery sehool attended. Q Fairlands primary school and Giles Infant and nursery school attended on 27 November and again on 28 November. Knebworth school attended on 29 November. We held a concert in aid of Bridgebuilders on 30, November where half of the proceeds went to 8ridgebuilders and the other half to elwyn Brass Band" many people turned up and much needed funds were raised. Durlng November St Nicholas was the main Stevenage dropping-off point for Operation Chrlstmas Child, Stuart Marshall and his team travelled many miles to the ¢entral depot. During December Christine Chambers organised the Tree Festival which took place at St Nicholas church with many organisations decorating their own tree. The church was f illed with many beautiful Chrlstmas treesl Christine and the flower ladles keep the church looklng beautiful throughout the year with their wonderful flower arrangements. We held two concerts on 3 December both for Barclays school one for thelr year 7 Carol concert and the second in the evening for parents and governors. On 6 December was the Women's Faith and Fellowship Christmas craft event where we made Christmas wreaths. On 7 December we held the "Stevenage Singers" concert. During December we visited Norman court, Truro court and Wisden court to slng Chrlstmas caro15 and bring the good news of jesus to the resident5. The Thomas Alleyne Academy vislted us on 13 December for a carol Service for year 7. We held our own carol service on 15 December and the church was completely full. We received Almond Hill school for their carol concert on 17 December. We had 750 parents and chlldren attend the Schools Christmas concerts. On 24 December we held t0 Christlngle Services and a Midnight Communlon. Service.
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees for the year ended 31 December 2024 ACHIEVEMENT AND PERFORMANCE IN DELIVERING PUBLIC BENEFIT {ConVd) We had a family service on Christmas Day. Worshlp and Prayer Throughout the year we have tried hard to malntaln our weekly schedule of services, keeping to similar times and styles wherever possible. Prayer Tlmes. We have a time of corporate prayer every other Wednesday morning from 8am to 8.40am for God's blessing on the church, the people, and the wider world. We also have evening prayer and the beneflce prayer meeting both on alternative Wednesday evenings. The morning prayer meeting on a Wednesday remains on Zoom. Sundays at 9:30am. A servlce up to 90 minutes in length with hymns and songs and a longer talk. Children go to thelr own groups after the first 10 minutes and re-joln the Service later. On two Sundays per month the service includes Holy Communion. Home Groups. Home Bible study groups meet throughout the week. All home groups now meet at someone's house. The home groups meet every other week. Data On 31 December 2024 the Church Electoral Roll numbered 93, of whom 43 lived in the parish and 50 lived outside the parish. The average weekly attendance of adults and chlldren, counted during October was 74. As well as regular Services, the church enables the community to celebrate and thank God at the milestones of the journey through life. Through baptism we thank God for the gift of life, in marriage public vows are exchanged with God's blessing and, through funeral services, frlends and famlly express theSr grief and give thanks for the life which is now complete In thls world and to commend the person Into God's keeping. In 2024 we had 5 baptlsms and 6 weddlng5 and I Wedding Blessing. There were 11 funerals in the church with clergy taktng l other funeral services at the crematorium or cemetery chapel. Church Bulldlngs and Churchyard In 2008 the wlll of the late Robert Hawkes bequeathed the resldue of his estate in trust to the Rertor and ChLtrchwardens for the maintenance and repair of the fabrlc of the St Nicholas church building. Under Canon Law the funds are held by the Diocesan Board of Flnance as custodian trustee. The PCC determines the scope of any work for which the support of the will trust is sought. The PCC also obtains the necessary consents and then applies for grants from the trustees. In previous years invoices for grant financed work were settled directly from trust funds. To avoid potential accounting dlfflcultles, from l January 2Q18 the trustees agreed that all invoices shoLbld be approved by and settled from PCC funds. The expendlture Is then relmbursed by the Hawkes trustees.
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees for the year ended 31 December 2024 ACHIEVEMENT AND PERFORMANCE IN DELIVERING PUBLIC BENEFIT {ConVd) Church Bulldln8s and Churchyard {ConYd) During 2024 the followlng grants were made from the Hawkes Trust to the PCC Recurring general maintenance Item Recurrln8 Malntenance Church buildin8s insurance (Ecclesiastical 90%) Non-Recurrlng Malntenance Organ Refurbishment Repair to Main Door Boiler Room Repalrs Totsl Grants 3,104 825 577 527 5,033 The Hawkes Will Trustees have indicated that during 2025 they intend to continue their funding of church repairs and insurance using the Trust's funds. The last quinquennial inspection was completed in November 2021. The next Inspectlon is due in 2025. The Hawkes trustees have agreed a 10-year funding commstment of planned repairs and will release funds as repairs take place. The PCC thanks Bernie Matthews, Paul Drakes and Stuart Marshall who regularly inspect and carry out minor maintenance on the inside and outside of the building. Mlsslon and Evan8ellsm The continuing work of mission and evangelism is a major part of our life as a church which seeks to proclaim the gospel of Jesu5 across our parish and across the town. On Thursday afternoons we offer hot chocolate and blscults to the children passing the church, these children are normally from Thomas Alleynes or Barclay School. We have got to know some of the children. We also sometimes have parents with younger chlldren comin8 in for hot chocolate, and people out for a walk. As part of our initiative to increase our witness and presence on the local ertates we agaln delivered Christmas invitations to over a thousand hornes in the parish. We have now produced a new a welcome pack containing Informatlon about our church which we use for people moving into the area, especially the new bullds in Forster country. We have the church opened several times a week,. Tuesday 24 Wednesday 12-2, Thursday 10-12 and Thursday afternoons 2.30- 4pm. This also allows people to come in and have a look at the church and we can share the gospel with them. The mls5ion of the wider church Is supported by donations to four external Chrlstian charities.. Church Misslon Society ICMSI with a partitular link to Katia Rocks in Brazil,. Bridge Builders, our local gospel partners in the primary schools in Stevenage,- and Crosslinks with a particular link to Ra¢h*l and Bernie MLtluuta working in Kampala, Uganda, to reach, teach, disciple and train young adults. 8ridgebullders receive 40% of our misslon glving and the remainder 20% each.
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustee5 for the year ended 31 December 2024 ACHIEVEMENT AND PERFORMANCE IN DELIVERING PUBLIC BENEFIT {ConVdl Mlsslon and Evangellsm (Convd) Durin8 2024 the church continued to support the worldwide Anglican movement GAFCON, and the UK based RENEW movement which Is working for the renewal of the Church of England and the growth and planting of healthy Bible-teaching Anglican Churches. Ecumenlcal Relatlonshlps Whilst we work most closely wh other Angllcan thurches across the Stevenage area our strongest link is with St Marfs Church In Graveley, with whom we form a Jolnt beneflce. Sermon serles are shared and both churches share baptism and marriage preparation. There were also several shared servlces In 2024. We are a150 part of Churches Together in Stevena8e and are continuing to deepen our working relationships with other churches who share our vision for mission and evangelism. As part of this we have continued our partnership with Grace Community Church and Longmeadow Evangelical Church. Church Bulldlng We have been able to open our church building to varlous organlsations. Apart from the music conrtS that we have here Stevenage Steps AA hold their meetings here along with the local Baptist church who uses the building to run retreat days. FINANCIAL REVIEW Full detalls of the accounts are provlded in pages 13- 24 of thls report. Total receipt5 of unrestricted fu were £161,667. This comprised the followin8'. Source offunds Amount (E) Planned giving Unrestricted voluntary donatlons Legacy Collertions in church Wedding and funeral fees HMRC Gift Aid Contribution from St Mary's, Gravelev Fundraising Interest 57,008 35,826 38,250 3,996 5,291 20,598 450 79 169
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees for the year ended 31 December 2024 FINANaAL REVIEW {ConYd) Total recelpts of restricted f were £11.693 Thls Comprised the followin8'. Source offunds Amount {£J Hawkes Bequest Weekend Away 5,033 6,660 Compared to 2023, our planned qiving decre¢75ed by 3.5% and collertions in church decreased by 6.2%. The PCC wishes to record Its thanks to all those who, through thelr generous financial giving, demonstrate our growing commltment to the work that God is doin8 In this corner of hls kingdom. Provislon ha5 been made In our balance sheet for the following monetary assets: £6,471 for gfft aid reclaim from HMRCfor the period July- December 2024 £378 for deposit for Away Day 2025 £140 prepaid water rates 2024 independent examSnatlon fess £1,194. £102,001 wa5 spent from unrestricted funds to provlde the Chrlstian ministry from St. Nicholas, ChLtrch, including the contribution of £63,057 to the diocesan parish share that largely provides the stlpends and housing for the clergy. The amounts that the churche5 in the deanery must find are shared between the churches according to a formula that is based mainly on a headcount of the Congregations, and local demography. We must find more of the total required at our church in relation to others because of our location in the town. £8,414 was Spent from the unrestricted funds on the four charities ICMS, Bridge Bullders, Barnabas fund and Crosslinksl selected by the PCC. £4,819 was spent on maintenance of the church building from unrestricted funds. The result for the year was a surplus of income over expenditure of £59,666 on unrestricted funds, a surplus of £302 on restricted f unds 8iving an overall surplus of É59,968. Adding bank and deposit balances brought forward at tht beginning of the year, together with outstanding assets and Ilabilltie5 (including long term deferred parlsh Share £41,788) there are net reserves of £65,868 to carry forward on 31" December 2024, Reserves pollcy It is our practice to maintain a balance in the current account of approximately £8,000 to cover the monthly forecast of planned expenditure. As of 315t December 2024, £6,440 is held on easy access deposlt to smooth out flurtuations in cash flow and to meet emergencies. During the previous year the Trustees have transferred all remaining funds in old restricted fund5 to the general. All donors to the speclfSc restricted funds have been made aware of the transfer of funds
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees for the year ended 31 December 2024 STRUCTURE, GOVERNANCE AND mANAGEmEr The method of apF)ointment of PCC members is set out in the Church Representation Rules. At St Nicholas Church, the membership of the PCC consists of the Incumbent lour Rector), churchwardens, and members elected by those members of the Congregation who are on the electoral roll of the church. All those who attend our service5 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 matter5 of general concern and importance to the parish. including deciding on how the funds of the PCC are to be spent. The full PCC met six times during the period with an average attendance of 76%. Given it5 wide responsibilities the PCC has a number of commlttees, each deallng wlth a partl¢ular aspect of parish life. These ¢ommlttees, which include worship, pastoral, glving and support for mission, finance, buildings and fabric, social and hospitality, are all responsible to the PCC and report back to it as appropriate with notes of their meetin85 and declsions. The full PCC discusse5 and ratifies any decisions as necessary. Rlsk Management Pollcy The Rector and Churchwardens on behalf of the PCC have consldered the rlsks to which It is exposed. They relate to the following major areas.. Rlsk Areo Flnancial Risks Noture of Risk Fraudulent misappropriation of PCC assets and funds ManagementArrongements Financial controls are in place including oversight of bank accounts and payment processes. Insurance cover against theft Insurance cover agalnst the usual perils backed by a bequest for the maintenance of the bullding Regular reviews of safety arrangements backed by public liability insurance Care policy In place with screening of Indlvlduals by the Disclosure and Barring Service Damage to buildlngs The church may be damaged by weather, neglect, external abuse Health and safety of people using church premlses Users of the building may suffer injury because of an incident on the premises Children or vulnerable adults may be abused by members of the church in the context of thurch activities Abuse to children and vulnerable adults
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees for the year ended 31 December 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT Iconvd) Rlsk Managernent PolScy {ConVdl A surveyor appointed by Ecclesiastical Insurante visited the Church and submitted a formal Risk Management Report in July 2015. This inspection is required every 5 years. The followin8 two a¢tlons have been Completed.. A church Health ond Safety Policy has been tompiled in the format supplied by Ecclesiastical Insuran¢e. An asbestos register has been generated. The Safeguarding Policy ha5 been reviewed and updated. Volunteers We should1Ske to thank all the volunteers who work so hard to maintain our church a5 a Ilvely and vibrant communlty, includlng: Paul Schimmel and Karen Walker (church wardens) Mlke Wilton and Steve Bamford (assistant wardens) Jason Cox Itreasurerl Christine Chambers Iflt)wer team and safeguardlng offlcerl John Knight and Hannah Keene Ichildren's & youth workl MartSn Balley Imuslc dirertorl Paul Drakes Ihealth & safety) Robin Bailey Iplanned giving officer) John Forster Isacristsnl Chrls Forster Itower captain) All those who serve on church teams and rotas They have all worked tirelessly on our behalf. Admlnlstrative Informatlon St Nicholas Church is situated in Rectory Lane, Stevenage, Herts SGI 4DA. It is part of the Diocese of St Alban5 Wlthin the Church of England. The corresF)ondence address is St Nicholas House, 2A North Road, Stevenage, Herts SGI 4AT. The PCC Is a body corporate IPCC Powers Measure 1956, Church Representation Rules 20061 and is registered wtth the Charity Commission. io
St Nicholas Church, Stevenage Parochial Church Council Report of the Trustees for the year ended 31 December 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT {ConVd) Admlnlstratlve Information {ConVd) PCC member5 who have served at any time from I" January 2024 until the date this report was approved are.. Cler ex-officio Rev Edward Keene (Chairman) Churchwardens Karen Walker Mike Wilton (to June 20241 Paul Schimmel (from June 20241 ex-officio eane Cathy Bibby Stuart Marshall ICTIS Repl Ito August 20241 Mike Wllton Ifrom Au8USt 20241 Diocesan S nod Me -officio Hannah Keene Ifrom July 20241 Stuart Marshall I[s Repl (from July 20241 Edward Kaahwa Chris Taplin Mark Parker Mathew Isaac (to May 20241 Christine Chambers Iparish Safeguardin8 Offlcerl (from May 20241 Sue Bailey Ifrom May 20241 Elaine Forster (from May 20241 Daniel Seifi-Lorimer (from May 20241 Charlotte Seifi-Lorimer (from May 20241 Paul Schimmel (to lune 20241 Evelyn Wilton (from August 20241 Jason Cox (Treasurer) n attendance Jane Luff - Secretary Approved by the PCC on .. . andsigned on their behalAby Edwurd Keene fPCC Chalrmon Edward Keene (PCC Chairman) li
St Nicholas Church, Stevenage Parochlal Church Council Independent Examlnerfs Report to the Trustees of St Nlcholas Church, Stevenage, Parochlal Church Councll I report to the trustee5 on my examlnation of the accounts of the St Nlcholas Church, Stevenage, Parochial Church Council, for the year ended 31 December 2024. Responsibilitles and basls of report As the charity trustees of the St Ni¢hola5 Church, Stevenage, ParochSal Church Councll. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the ACVI. I report in respect of my examination of the St Nicholas Church. Stevenage, Paro¢hlal Church Council's accounts carried out under section 145 of the 2011 Act and in carrying out my exgmination I have followed all the applicable Dirertions glven by the Charity Commission under section 14515llbl of the Act. Independent examlnerfs statement I have completed my examinatlon. I confirm that no materlal matters have come to my attentlon In connertion with the examinatlon giving me cause to believe that in any material respect- accounting records were not kept In respect of the St Nlcholas Church, Stevena8e, Parochial Church Council as required by section 130 of the Art,. or the accoLFnt5 do not accord with those records; or the accounts do not Comply with the applicable requirements con¢ernin8 the form and content of accounts set out in the Charlties (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 on an independent examination. I have no concerns and have come across no other rnatters in connection with the examlnation to which attention should be drawn in this report In order to enable a proper understanding of the accounts to be reached. C Wilkinson FCCA Barker Wilkinson Limited 19-21 Middle Row Stevenage Hertfordshire SGI 3AW Dote.. c•Lr 12
St Nicholas Church, Stevenage Parochial Church Council Income and Expenditure Account (Incorporating Ststement of Financial Actlvlties) Year Ended 31 December 2024 Note 2024 Unrestrirted 2024 Restrlcted 2024 Total 2023 Total Incomlng Resources Planned Glvln8 other Donations Legacy Collections Gift Aid Recovered Totsl 57,008 35,826 38.250 3.996 20,598 155,678 57,008 35,826 38,250 3,996 20,598 155,678 53,126 3,987 4.262 12,269 73,644 Interest Received Weddings & Funerals Away Day 2024 Other Income Totsl 169 169 5,291 6,660 5,562 17,682 5,291 2,881 6,660 5.033 11,693 529 5,989 23,817 26,698 Total of In¢omln8 Resources 16L667 11,693 173,360 IIXJ,342 Resources Expended Charltable Actlvltles Parish Share Clergy & Stafflng Costs Chur¢h Running Expenses Mission Giving and Donations Deanery and CTIS Repair5 and Renewals Total 63,057 1,901 23,710 8,407 107 63,057 1,901 33,499 8,407 107 6,421 113,392 60,099 1,844 24,715 10,857 157 10,515 9,789 4,819 ioiooi 1,602 11,391 Excess of Expendlture Ovei Income Transfer between funds Net movement of funds Total funds brought forward Totsl funds carrled forward 59,666 1251 59,641 3,400 63,041 302 25 59,968 (7.845) 327 2,5(10 59,968 5,900 65,868 17,845) 13,745 The notes on pages 15 to 24 form part of these accounts 13
St Nicholas Church, Stevenage Parochial Church Council Balance Sheet As At 31 December 2024 Note 2024 Unresirfrted 2024 Restrlrted 2024 Total 2023 Totsl Cash Funds General Current Account General Reserve Account Wedding Current Account Total Cash Funds 94,312 3,613 2,408 100,333 94,312 6,440 2,408 103,160 23,890 6,273 5,523 35,686 2,827 2,827 Other debtors Gift Aid - Recoverable Water Rates- Prepaid Away Day- 2025 Totsl Currènt Assets 6,471 140 378 107,322 6,471 140 5,916 378 110,149 2,827 41,602 Credltors,. amounts falling due wlthin one year Independent Examiners fee Wedding Deposits Hawkes Bequest Deferred Parlsh Share- 2019 Deferred Parish Share- 2024 Total Liabillties 1,194 1,299 1,194 1,299 1,002 5,523 29,177 12,611 44,281 29,177 12,611 44,281 29,177 35,702 Net Curyent Assets 63,041 2,827 65.868 2,300 Totsls Funds 63,041 2,827 65,868 The notes on pages 15 to 24 form part of these accounts Approved by the PCC on .............. and slgned on thelr behalf: Jason Cox Treas Paul Schimmel rchward n Karen Walker Churchwarden 14
St Nicholas Church, Stevenage Parochial Church Council Notes to the Financial Statements Year Ended 31 December 2024 Aceountlng Pollcies The accounts for the year ended 31 December 2024 have been prepared using the accruals basls of accountlng. Basls of preparlng the financlal statements. The financial statements have been prepared under the historical cost convention. The financial statements have been prepared under the Church Accounting Regulations 2006, the provisions of Accounting and Reportin8 by Charities.. Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffertive l January 20191. The financial statements Include all transactions, asset5 and liabilities for which the PCC 15 responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members. The trustees are not aware of any material uncertalnties about the charIt$ abillty to continue and therefore the Charity'5 financial statements have been prepared on a 8oin8 concern ba51S. Incomlng resources Planned givingi collections and 5SmSlar donations are re¢o8nlsed when re¢elved. Tax ref unds are recognlsed when the incoming resource to which they relate 15 received. Grants and legacles are recognised when the PCC is entitled to the use of the resources, their ultimate receipt Is considered reasonably certain and the amounts due are reliably quantifiable. Interest as and when accrued by the payer. All incomlng resources are accounted for gross. Rwourtes expended. Grants and donations are recognised when pald, or when awarded, If that award creates a blndlng or Constructlve obligation on the PCC. The diocesan parish share expected to be pald over is reco8nised when due. All other expenditure is generally recognised when it is Incurred. 15
St Nicholas Church, Stevenage Parochial Church Council Notes to the Financial Statements Year Ended 31 December 2024 (Cont'd) Accountln8 Policies (Conyd) Flxed assets Consecrated and benefice property is not included in the accounts in accordance with s1012llal and Icl of the Charities Act 2011. Individual items of equipment with a purchase price in excess of £1,000 are capitalised and depreciation is charged from the year of acquisition on a strai8ht-line basls over the estimated useful lives. Fund accountlng Restrictedfunds comprise revenue donations or grants ft)r specrfic PCC activities intended by the donor. Unrestrictedfunds are Income funds whlch are to be spent for the PCC general purposes. Designatedfvnds are unrestricted funds set aside by the PCC trustees for use in the future. Projectfunds are unrestricted funds deslgnated for projects or for admlnlstratlon purposes only. Designated funds remain unrestrlcted and the PCC will transfer any 5urplusldeficits to/from other general fund5 and the end of the designated project. Flnan¢lal Instruments The charity only has financial assets and liabilities of a kind that qualify as basic financial instrument5. Basic financial instruments are Initially recognlsed at transaction value and subsequently measured at settlement value. 16
St Nicholas Church, Stevenage Parochial Church Council Notes to the Flnancial Statements Year Ended 31 December 2024 (Cont'd) Other Income 2024 2024 2024 2023 Unrestrlrted Restrfcted Total Totsl Graveley PCC IParish Sharel Graveley PCC Iclergyl Other Income Hawkes 8equest Fund St Albang Diocese Interregnum Contribution Other Charitable Artivities 450 450 9,000 614 290 10,661 79 79 5,033 5.033 3,052 200 529 5,033 5,562 23,817 Church Runnlng Expenses 2024 Unrestritted 2024 Restrlcted 2024 Total 2022 Total Servlces Upkeep Copyright Licences Software Costs Insurance Flower5 Gas, Elertricity, Water and other premises costs General expenses Independent Examinerfs Fee Kitchen Upkeep Mission Action Plan Away Day 2024 Safeguarding stationery. Printing etc. Sunday Club & Youth Work Equipment Hire Rector Recruitment Expenses Welcome Gift- Rector Parlsh Adminlstrator 357 673 357 179 673 639 706 345 706 3,449 438 2,980 167 3,104 7,435 1,745 1,356 495 7,435 1,745 1,356 495 8,577 1,809 1,050 388 2,481 2,481 6,685 25 1,365 6,685 25 780 738 91 208 loo 738 420 420 180 626 425 5.768 23,710 5,768 33,499 5,493 24715 9,789 17
St Nicholas Church, Stevenage Parochial Church Council Notss to the Financial Statements Year Ended 31 December 2024 (Cont'd) Mlsslon Glvlng and Donatlons 2024 2024 2024 2023 Unrestrftted Restrftted Total Funds Unrestrfcted Church Overseas Church Mission Society Crosslinks Barnabas Fund 1,560 1,560 1,430 1,560 1,560 1,430 1,560 1,560 1,560 General Charltles Bridge Builder5 Church Societv LICC Herts Historic Churches Hawkes Bequest Fund Charitable Donations 3,734 73 50 3,734 73 50 3,120 50 1,900 1,107 10857 8,407 8,407 18
St Nicholas Church, Stevenage Parochial Church Council Note5 to the Financial Statements Year Ended 31 December 2024 (Cont'd) Movement In Fufids Onl. January 2024 Net Movement In Funds Trinsfeis Between Fund$ On 31" December 2024 Unrestrlrted Funds General Fund 3,400 59,666 1251 63,041 Restricted Funds Friends of St Nicholas Hawkes Bequest Fund Away Day- 2024 Total Funds 2,500 2,500 327 327 1251 59,968 25 65,868 Net movement in funds are as follows.. Incomlnz resources Resources Expended Galns and Losse$ Movement Funds Unrestrlcted Funds General Fund 161,667 102,001 58,884 Restrlrted Funds Frlends of St Nicholas Hawkes Bequest Fund Away Day- 2024 Total Funds 5,033 6,660 173,360 4,706 6,685 113,392 327 1251 59,968 19
St Nicholas Church, Stevenage Parochial Church Council Notes to the Accounts. Year Ended 31 December 2024 (Cont'd) Fund Detslls UNRESTRicfED FUNDS Genernl fvnd The general funds are avallable for the furtherance of the PCC'S charltable objectives. General funds are lar8ely maintained by memberf5 donatiQn5 and collections. RESTRicfED FUNDS Frlends of St Nlcholas The Friends of St Nicholas have made a donation towards the maintenance of the Church building. Funds have been carrled forward for use on a specific maintenance project as and when Identified. Away Day- 2024 Monies collected to be spent on the congregation away day in 2024. The overspend has been funded by a transfer from the General Fund Hawkes Bequest Fund The Hawke5 Bequest funds all malntenance costs of the church bullding of St Nlcholas. The maintenance cost is paid by the PCC and then a reqLtest is made to the Trustees of the Hawkes Bequest to reimburse the maintenance cost. 20
St Nicholas Church, Stevenage Parochial Church Council Notes to the Accounts. Year Ended 31 December 2024 (Convd) Trustees Remuneratlon and Related Party Trans*ctlon$ No trustee received any remuneratlon, benefits or expenses otherthan as disclosed below.. During the period under review, Alison Hare la member of the PCCI received £5,76812023 £5,493) in payments and expenses for admlnistrative sUPPOrt. Trustees receive payment for reimbursed expenses incurred on the PCCs behalf a5 agent for the PCC. The Re¢d E Keene, Karen Walker and Mike Wilton are or were tr4JStees of The Hawkes Will Trust durin8 the period under review, the PCC received restrirted grants of £5,03312023 £10,661) and paid a donation of £Nil12023 £1,900) from and to The Hawkes Will Trust during the year. During the year total donations received, both re8ular and one-off, from trustee5 who have served during the period was £12,91012023 £13,380). Legal Status The Charlty Is a trust registered at the Charity Commisslon at St Nlcholas Church, Rertory Lane, Stevenage, Herts, SGI 4DA. The charity is a public beneflt entlty. 21
St Nicholas Church, Stevenage Parochial Church Council Notes to the Accounts. Year Ended 31 December 2024 (Cont'd) Movement In Funds Comparatlves Comparative net movement in funds, included in the above are as follows: On i¥t January 2023 Net Movement In Funds Transfers 8etween Funds On 31" December 2023 Unrestrlcted Funds General Fund 110,4231 110,3451 24,168 3,4¢)0 Reslrlcted Funds Deanery Music Fund Revitalisation Fund Mothering Sunday Flowers Weston Famlly Friends of St Nicholas Hawkes Bequest Fund Totsl Funds 75 2,367 21,716 1751 12,3671 121,7161 151 151 2,500 2,500 13,745 (7,8451 5,91XI Net movement In funds are as follows- Incomin8 resources Resources Expended Galns and Losses Movement In Funds Unrestrlcted Funds General Fund 87,181 97,526 110,345) Restrlcted Funds Friends of St Nicholas 2,500 10,661 0.342 2.500 Hawks Bequest Fund Totsl Funds 10,661 108,187 (7,845) 22
St Nicholas Church, Stevenage Parochial Church CouncRI Notes to the Accounts. Year Ended 31 December 2024 (Cont'd) Movement In Funds Comparatives (Convd) A Current year 12 months and prior year 12 months combined position 15 as follows.. Atl January 2023 Net Movement in Funds Transfers Between Funds At 31° December 2024 Unrestrlcted Funds General Fund 110,4231 48,399 24,143 62,119 Restricted Funds Deanery Music Fund Revitali5atlon Fund Mothering Sunday Flowers Weston Family Friends of St Nicholas Away Day- 2024 Hawkes Bequest Fund Totsl Funds 75 2,367 21,716 1751 12,3671 (21,7161 151 Isi 2,500 1251 2,500 25 13,745 50,874 64,619 Net movement in funds, included in the above are 35 follow5: Incomlng resources Resour£es Expended Galns and Losses Movement In Funds Unrestrlcted Funds General Fund 247,739 199.340 48,399 Restrlcted Funds Friends of St Nicholas Away Day- 2024 Hawks Bequest Fund Total Funds 2,500 6,660 15,694 271593 2,500 125) 6,685 15,694 221,719 50,874 23
St Nicholas Church, Stevenage Parochial Church Council Notes to the Accounts Year Ended 31 December 2023 (Cont'd) Comparatlves for the statement of Flnanclal Actlvltles 2023 Unrestrlrted 2023 Restrlrted 2023 Total 2022 Total Incomln8 Resources Planned Glving Other Activltles Collections Gift Aid Recovered Total 53,126 1,487 4.262 12,269 71.144 53,126 3,987 4,262 12,269 73,644 56,221 9,806 4,139 14,157 84,323 2,500 2,500 Church Activltles Other Income Total 2,881 13,156 16,037 2,881 23,817 26,698 4,167 50,038 54,205 10,661 10,661 Totsl of Incomln8 Resources 87,181 13,161 100,342 138,528 Resources Expended Charltable Actlvltles Parish Share 60,099 1,844 21,348 10,857 157 60,099 1,844 24,715 10,857 157 60,718 1,858 23,429 9.578 158 Cler8y & Staffing Costs Church Running Expenses Mission Giving and Donatlons Deanery and CTIS Church Improvements Repairs and Renewals Totsl 3,367 26,184 20,386 142,311 3,221 97,526 7,294 10,661 10,515 108,187 Excess of Empendlture Over Income Transfer between funds Net movement of funds Total funds brought forward Totsl fvnds carrled forward 110.345) 24,168 13,823 110,4231 3,400 2,5 124,1681 {21,668) 24,168 2,500 17,845) (3,7831 17,845) 13,745 5,900 (3,7831 17,528 13,745 24