## **St Philip’s Church Sheffield**
**Registered Charity Number 1161810**
**Trustees’ Annual Report and Financial Statements for the Year Ended 31[st] December 2024**
**St Philip’s Church, Sheffield**
## **Trustees’ Annual Report for the year ended 31 December 2024**
## **Contents**
|**Contents**||
|---|---|
||**Page**|
|**Trustees’ Annual Report**|**2**|
|Objectives, public benefit and activities|2|
|Achievements and performance|3|
|Financial review|3|
|Structure, governance and management|4|
|Reference and administration details|5|
|Trustees’ declaration|5|
|**Financial Statements**|**6**|
|Statement of Financial Activities|6|
|Statement of Financial Position (Balance Sheet)|7|
|Statement of Cash Flows|8|
|**Notes to the Financial Statements**|**9**|
|1. Basis of preparation|9|
|2. Accounting policies|9|
|3. Income breakdown|11|
|4. Expenditure breakdown|11|
|5. Trustee remuneration and related party transactions|14|
|6. Preparation and examination of the financial statements|15|
|7. Employees|15|
|8. Pensions|16|
|9. Tangible assets|17|
|10. Debtors and prepayments|17|
|11. Cash at hand and in bank|17|
|12. Creditors and accruals|17|
|13. Funds|18|
|14. Grants over £1,000 from institutions|19|
|15. Grants to institutions|19|
|16. Operating lease|19|
|17. Capital commitments|19|
|**Independent Examiner’s Report**|**20**|
1
**St Philip’s Church, Sheffield**
## **Trustees’ Annual Report for the year ended 31 December 2024**
The Trustees are pleased to present their Annual Report together with the independently examined financial statements for the year ended 31 December 2024.
## **Objectives, public benefit and activities**
## **Aims and Objectives**
The body of Trustees (usually known as the Church Council) has the responsibility of co-operating with the Church leaders and the staff team of St Philip’s Church in promoting the whole mission of the Church, pastoral, evangelistic, social, and ecumenical.
The vision of the Church is to be a community of prayer and mission . We aspire to be an authentic, brave creative and devoted community who, inspired by the words and ways of Jesus, see transformation in people and communities.
The Church’s main object is:
To advance the Christian faith in the Area of Benefit in accordance with the principles and practices of the Participating Churches. Our main object is to build communities of prayer and mission. We seek to train and equip missionary leaders. Those equipped go on to lead in a variety of church and community contexts seeking to bring transformation.
## **Statement of Public Benefit**
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Church’s aims and objectives and in planning future activities. The Trustees are also aware of the Charity Commission’s guidance on public benefit in The Advancement of Religion for the Public Benefit and have had regard to it in their administration of the Church. The Church provides the following activities for the benefit of the general public :
- The celebration of public worship;
- The teaching of the Christian faith;
- mission and evangelism;
- pastoral work, including visiting the sick and the bereaved;
- the provision of facilities with a Christian ethos for the local community, including (but not restricted to) the elderly, the young and other groups with special needs; and
- the support of other charities in the UK and overseas.
The Trustees confirm that they have complied with their duties under section 17 of the Charities Act with regard to public benefit.
## **Activities**
The Church met for gathered times of worship, prayer and teaching twice a month in St Stephen’s Church, Fawcett Street, S3 7PL. At these gatherings there were usually three dedicated children and youth groups catering for children aged three to fifteen. A few times each term the church met for intergenerational worship, particularly at times of celebration, such as Easter, Christmas and Baptism. There were two Baptism Services during the year and four members were baptised.
On the other Sundays a more informal gathering called ‘Base Community’ took place in the morning at St Stephen’s, gathering for fellowship, prayer, bible reflection, as well as outreach in the local community.
2
## **St Philip’s Church, Sheffield**
## **Trustees’ Annual Report for the year ended 31 December 2024**
Other smaller community groups have met either on the alternate Sundays or midweek, including communities focusing on Pitsmoor, Parson Cross and S10/11.
Three part-time Community Family Workers ended their paid work in the communities of Parson Cross and S6, though work with Dad’s and their children continued in the Parson Cross area.
The part-time Children’s Work Enabler and the part-time Youth Work Enabler continued to develop the work as a church with children and young people. Activities take place on Sundays and monthly on a Friday night. The youth once again went to the Christian Summer Festival ‘Dreaming the Impossible’.
The office is based at St Stephen’s church where a small part-time team work to help with the administration and management of the church activities.
## **Contribution of Volunteers**
All Church members are expected to be volunteers to a greater or lesser extent. All Church activities rely heavily on volunteer contribution in time, effort, and prayer.
## **Achievements and performance**
The church continues to enjoy meeting in St Stephen’s Church building which provides a good base for some of our work as St Philip’s Church. There are regular patterns of gathered prayer, worship and teaching that are facilitated by various different teams.
The children and youth work continues to grow, with deepening relationships with each other and a growing awareness of the work of God in their lives. Three of the young people were baptised this year.
2024 has been a time of transition for the church in which work has been done to clarify the purpose and priorities for the church. This work brought encouragement and a greater sense of cohesion and will continue during 2025.
## **Financial Review**
## **Budget and Reserves**
The Church’s core activities run on the income of the General unrestricted fund. Each year the Church leaders prepare a budget which is closely monitored during the year. As part of the process church members are asked to pray and as an expression of their faith in God to make a commitment of how much they will give to the General Fund during the year. This process is expected to be continued for future years.
The Church had about 31 committed regular givers through 2024. At the year-end it retained operating capital of £40,459 in its General Fund, equivalent to circa 5.5 months of running costs. The trustees are happy with 2 months running costs as the level to be maintained as a buffer against unforeseen circumstances.
## **Risk Management**
The Trustees have given due consideration to the health, safety data protection and financial risks it faces in managing the operations of the Church. They believe they have in place adequate systems to monitor and control health and safety issues as they arise. They believe they have devised an appropriate system for the authorisation, recording and control of accounting and financial information sufficient to show and explain the financial transactions of the Church. Overall financial supervision by the Trustees is maintained by the use of budgetary control, monthly financial statements and special reports.
3
## **St Philip’s Church, Sheffield**
## **Trustees’ Annual Report for the year ended 31 December 2024**
## **Review of the Financial Statements**
Total income (including restricted income) was £89,956. The main source of income was church members’ giving, including gift aid (98%).
Total expenditure (including restricted expenditure) was £89,987. The major areas of expenditure were staff (62%), rent, maintenance and administration (18%), ministry (14%) and charitable gifts (5%).
## **Structure, governance and management**
## **Governing Document**
The Church Council (the body of Trustees) is a corporate body established by the Church of England and the Baptist Union of Great Britain under the Local Ecumenical Partnership LEP Constitution of St Philip’s Church and operating under the Parochial Church Council Powers Measure. It became a registered charity on 26[th] May 2015. The Church is governed by a constitution adopted 25[th] January 2015.
## **Recruitment and Appointment of Trustees**
The Church Council is made up of:
- Ex officio Trustees - the Accredited Minister(s), Anglican or Baptist, of the LEP;
- Elected Trustees - elected at the Annual Congregational Meeting; and,
- Co-opted Trustees (known to the Church as Church Wardens) who are recommended by the leadership team to the Trustees for a formal vote of agreement to be taken. If agreed by the trustees, this recommendation is further taken to the Annual Congregational Meeting for a vote of ratification by the membership of the church. Church Wardens should be representative of both denominational streams where possible.
Elected and co-opted trustees are appointed for a term of three years and may be re-elected at the end of their term. They must be at least 18 years old and be Church members. Further details concerning trustees are to be found in the constitution.
## **Induction and Training of Trustees**
New trustees undergo orientation to brief them on their roles and responsibilities, their legal obligations under charity law, the content of the constitution, the decision-making process and the recent financial performance of the Church.
4
**St Philip’s Church, Sheffield**
**Trustees’ Annual Report for the year ended 31 December 2024**
## **Membership of the Church**
People are entitled to become members of the Church if:
- They have been a regular participant in the life of the church for a year or more;
- They are member of a missional community, small group or huddle within the church;
- They are over the age of 16;
- They are sympathetic to mainstream Christian doctrine as defined by Churches Together in England; and,
- They actively choose to become a member.
The Trustees are required to keep a membership roll which must be made available to any member on request. Further details concerning membership can be found in the constitution.
## **Membership Numbers**
At the end of 2024 the enrolled membership was as follows:
Baptists 5 Anglicans 5 Enrolled but not affiliated to either denomination 31 Identified as regular participants but not yet enrolled
## **Organisational Structure**
The Church Council delegates the day-to-day management of the Church to the staff team headed by the Church Leaders, David and Sarah Ducker. The staff team comprises both paid employees and volunteers. They undergo training appropriate to their areas of responsibility.
Missional Community leaders have pastoral oversight of the members of their communities, and they are accountable to the Church Leaders.
## **Reference and administration details**
Charity name St Philip’s Church Registered charity number 1161810 Address St Stephen’s Church, Fawcett Street, S3 7PL Website www.stphilipssheffield.org Trustees – ex-officio Mr David Ducker (Joint Church Leader; until 30[th] June 2024) Mrs Sarah Ducker (Joint Church Leader) Co-opted trustees (Church Wardens) Mr Matthew Atkins Miss Deborah Green Elected trustees Mr Ben Ashworth (appointed 18[th] September 2022) Miss Frances Hall (appointed 7[th] November 2021) Mr Peter Holt (appointed 15[th] November 2020 until 1[st] March 2024) Mrs Lydia Newell (appointed 3[rd] March 2024) Mrs Anna Mansergh (appointed 3[rd] March 2024)
## **Trustees’ declaration**
The current Trustees declare that they have approved the Trustees’ Annual Report on the date: ___________ 25/06/2025
Signed on their behalf by _____________________________ Mr Matthew Atkins, Chair of Trustees
5
**St Philip's Church, Sheffield Statement of Financial Activities for the year ended 31 December 2024**
**----- Start of picture text -----**
Unrestricted Funds ---------------------- Restricted Funds ------------------------
Designated - Arise Dreaming the Families
Notes General Kids Matter Parson Cross Training Generosity Pot Total 2024 Total 2023
Capital Community Impossible Outreach
£ £ £ £ £ £ £ £ £ £ £
Income from:
Donations & grants 3.1 87,520 - - - 1,000 - - - 288 88,808 81,032
Charitable activities 3.2 360 - - - - - - - - 360 -
Other trading activities 3.3 14 - - - - - - - - 14 -
Investments (Bank interest) 774 774 706
Total Income 88,668 - - - 1,000 - - - 288 89,956 81,738
Expenditure on:
Charitable activities:
Staff 4.1 55,247 - - - - - 595 - - 55,842 57,233
Ministry 4.2 11,993 - - - 702 - - - - 12,696 17,361
Venue 4.3 4,637 1,544 - - - - - - - 6,180 9,651
Administration 4.4 10,361 - - - - - - - - 10,361 10,621
Independent examiner 4.5 550 - - - - - - - - 550 550
Charitable Gifts 4.6 4,071 - - - - - - - 288 4,359 4,676
Total Expenditure 86,858 1,544 - - 702 - 595 - 288 89,987 100,093
Net Income /(Expenditure) 1,810 (1,544) - - 298 - (595) - (1) (32) (18,355)
Gross transfers between funds 4.7 (1) - - - - - - - 1 - -
Net movement in funds 1,810 (1,544) - - 298 - (595) - - (32) (18,355)
Total funds at 01 January 2024 38,649 3,982 - - 406 - 595 - 161 43,794 62,149
Funds at 31 December 2024 40,459 2,439 - - 704 - - - 161 43,762 43,794
**----- End of picture text -----**
6
**St Philip's Church, Sheffield Statement of Financial Position as at 31 December 2024**
**(Balance Sheet)**
**----- Start of picture text -----**
Unrestricted Funds ---------------------- Restricted Funds ------------------------
Designated - Arise Dreaming the Families
General Kids Matter Parson Cross Training Generosity Pot Total 2024 Total 2023
Capital Community Impossible Outreach
Notes £ £ £ £ £ £ £ £ £ £ £
Fixed Assets
Equipment, fixtures & fittings 9 - 2,439 - - - - - - - 2,439 3,982
Current Assets
Debtors 10 4,644 - - - - - - - - 4,644 3,910
Cash at bank and in hand 11 38,617 - - - 704 - - - 161 39,482 37,603
Total current assets 43,261 - - - 704 - - - 161 44,126 41,513
Liabilities
mounts falling due within one year 12.1 (2,802) - - - - - - - - (2,802) (1,702)
Net current assets 40,459 - - - 704 - - - 161 41,324 39,812
Total assets less current liabilities 40,459 2,439 - - 704 - - - 161 43,762 43,794
Creditors: Amounts falling due after more than one year 12.2 - - - - - - - - - - -
Total net assets 40,459 2,439 - - 704 - - - 161 43,762 43,794
Funds
Unrestricted Funds 40,459 2,439 42,898 42,631
Restricted Funds - - 704 - - - 161 865 1,162
Total Funds 40,459 2,439 - - 704 - - - 161 43,762 43,794
**----- End of picture text -----**
The financial statements and notes on pages 6 to 19 were approved by the trustees on the date ___________________ and signed on their behalf by: _______________________ 25/06/2025
Mr Matthew Atkins, Chair of Trustees
7
**St Philip's Church, Sheffield**
## **Statement of Cash Flows**
## **for the year ended 31 December 2024**
|Net income / (expenditure) for the year
**Adjustments for:**
Depreciation charges
Interest receivable
(Increase)/decrease in Debtors
Increase/(decrease) in Creditors
**Net cash provided by /(used in) operating activities**
**Statement of cash flows**
Net cash provided by /(used in) operating activities
**Cash flows from investing activities**
Bank interest
(Purchase of tangible assets)
Sale of tangible fixed assets
Loss / (Gain) on sale of assets
**Change in cash in the year**
Cash at bank and in hand at beginning of the year
**Cash at the end of the year**
**Analysis of cash at year end**
Petty cash
Cash at CAF Bank
**Total cash held**
**Reconciliation of net income/(expenditure) to net cash**
**flow from operating activities**|**2024**
**£**
(32)
1,544
(774)
(734)
1,101
**1,105**
1,105
774
-
-
-
1,879
37,603
**39,482**
164
39,318
**39,482**|**2023**
**£**
(18,355)
1,088
(706)
11,618
535
**(5,819)**
(5,819)
706
(2,730)
-
-
(7,844)
45,447
**37,603**
82
37,521
**37,603**|
|---|---|---|
8
**St Philip's Church, Sheffield Notes to the financial statements**
## **1. Basis of preparation**
## **1.1 Basis of accounting**
These accounts have been prepared on the going concern basis the historical cost convention in accordance with:
- a) Accounting and Reporting by Charities – Statement of Recommended Practice - Charities SORP (FRS 102) (2019)
- b) The Charities Act 2011 as amended by the Charities Act 2022
- c) The Church Accounting Regulations 2015
## **1.2 Change in basis of accounting - none**
## **2. Accounting policies**
## **2.1 Form of Financial Statements**
Fund movements and balances are split between general, designated and restricted funds.
**General funds** The funds of the Church that are not subject to any restrictions regarding their use and are available for the general purposes of the Church. **Designated funds** Funds set aside out of general funds by the Trustees for a specific purpose over whose use and purpose the Council of Trustees has discretion. **Restricted funds** Funds subject to specific conditions imposed by the donor(s) or by specific terms of a trust deed or other legal measure.
All funds over which the Council of Trustees has use, control and management are consolidated in the full financial statements.
## **2.2 Income**
|**me**||
|---|---|
|**Recognition of**|Income is included in the Statement of Financial Activities (SoFA)|
|**income**|when:|
||· the Church becomes entitled to it;|
||· the trustees are virtually certain they will receive it; and|
||· the monetary value can be measured with sufficient reliability.|
|**Income with related**|Where incomes has related expenditure (as with fundraising or|
|**expenditure**|contract income) the incomes and its related expenditure are|
||reported gross in the SoFA.|
|**Grants and donations**|Grants and donations are only included in the SoFA when the Church|
||has unconditional entitlement to them.|
|**Tax reclaims on**|Income from tax reclaims is included in the SoFA at the same time as|
|**donations and gifts**|the gifts to which it relates.|
|**Contractual income**|This is only included in the SoFA once the related goods or services|
|**and performance**|have been delivered.|
|**related grants**||
9
**St Philip's Church, Sheffield Notes to the financial statements**
**Gifts in kind** Gifts in kind are accounted for at a reasonable estimate of their value to the Church or the amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the Church.
Gifts in kind for use by the charity are included in the SoFA as income when receivable.
**Donated services and** These are only included in incoming resources (with an equivalent **facilities** amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material _._ The value placed on these resources is the estimated value to the charity of the service or facility received.
**Volunteer help** The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
**Investment income** This is included in the accounts when receivable. It consists only of bank interest.
## **2.3 Expenditure and Liabilities**
**Liability recognition** Liabilities are recognised as soon as there is a legal or constructive obligation committing the Church to pay out resources. **Gifts and grants** Where the Church gives a grant either with conditions for its payment being a specific level of service or output to be provided or with no conditions, such grants are recognised in the SoFA as soon as they have been paid to the recipient.
## **2.4 Pension Costs**
**Employer** Employer contributions to are charged to expenditure each month. **contributions** This applies to all eligible employees whether or not they have signed up to the staff pension scheme. All contributions payable to the pension scheme are paid when due.
## **2.5 Assets**
**Properties** To date the Church owns no properties. **Equipment, Fixtures** These are capitalised if they can be used for more than one year, and **and Fittings** cost at least £500. They are valued at cost or a reasonable value on receipt. **Depreciation** Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:
Equipment, fixtures and fittings - 25% per annum straight line.
## **2.6 Taxation**
The Church is not liable to income tax or capital gains tax on its charitable activities. Irrecoverable VAT is included in the asset cost or expense to which it relates.
10
## **St Philip's Church, Sheffield**
## **Notes to the financial statements**
|**---------------------- Restricted Funds ------------------------**
**Notes**
**General**
**Designated -**
**Capital**
**Arise**
**Community**
**Dreaming the**
**Impossible**
**Families**
**Outreach**
**Kids Matter**
**Parson Cross**
**Training**
**Generosity Pot**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**3**
**Income breakdown**(where required)
**3.1**
**Donations & grants**
Members' committed giving
69,223
-
-
-
-
-
-
-
-
Other offerings
3,020
-
-
-
-
-
-
-
285
Gift-aid tax recovery
15,277
-
-
-
-
-
-
-
3
Grants from organisations
-
-
-
-
1,000
-
-
-
-
87,520
-
-
-
1,000
-
-
-
288
**3.2**
**Charitable activities**
DTI Weekend Away
360
-
-
-
-
-
-
-
-
360
-
-
-
-
-
-
-
-
**3.3**
**Other trading activities**
Lettings
-
-
-
-
-
-
-
-
-
Sale of Office Equipment
14
-
-
-
-
-
-
-
-
Miscellaneous
-
-
-
-
-
-
-
-
-
14
-
-
-
-
-
-
-
-
**4**
**Expenditure breakdown**(where required)
**Charitable activities:**
**4.1**
**Staff**
Payroll - core employees
38,049
-
-
-
-
-
-
-
-
Payroll - other employees
15,700
-
-
-
-
-
595
-
-
Staff expenses
1,497
-
-
-
-
-
-
-
-
55,247
-
-
-
-
-
595
-
-
**Unrestricted Funds**|**Total 2024**
**£**
69,223
3,305
15,280
1,000
88,808
360
360
-
14
-
14
38,049
16,296
1,497
55,842|**Total 2023**
**£**
63,939
1,760
14,282
1,050
81,032
-
-
-
-
-
-
36,418
19,145
1,671
57,233|
|---|---|---|
11
## **St Philip's Church, Sheffield**
## **Notes to the financial statements**
|**---------------------- Restricted Funds ------------------------**
**Notes**
**General**
**Designated -**
**Capital**
**Arise**
**Community**
**Dreaming the**
**Impossible**
**Families**
**Outreach**
**Kids Matter**
**Parson Cross**
**Training**
**Generosity Pot**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted Funds**
**4.2**
**Ministry**
Whole church gatherings
7,465
-
-
-
-
-
-
-
-
PA/Worship
-
-
-
-
-
-
-
-
-
Youth, Children & families
3,524
-
-
-
-
-
-
-
-
Leaders & members training
314
-
-
-
-
-
-
-
-
Pastoral support
134
-
-
-
-
-
-
-
-
Hospitality
7
-
-
-
-
-
-
-
-
Kids Matter
-
-
-
-
-
-
-
-
-
Mission Focus - Parson Cross
320
-
-
-
-
-
-
-
-
Arise Community
-
-
-
-
-
-
-
-
-
S5 Dad's
-
-
-
-
702
-
-
-
-
DTI Event
-
-
-
-
-
-
-
-
-
Pitsmoor mission & gatherings
-
-
-
-
-
-
-
-
-
Other mission activity
228
-
-
-
-
-
-
-
-
11,993
-
-
-
702
-
-
-
-
**4.3**
**Venue**
Business rates
-
-
-
-
-
-
-
-
-
Lease of Buildings
3,600
-
-
-
-
-
-
-
-
Insurance
324
-
-
-
-
-
-
-
-
Utilities
-
-
-
-
-
-
-
-
-
Telephone & broadband
-
-
-
-
-
-
-
-
-
Worship licences
548
-
-
-
-
-
-
-
-
Waste collection
-
-
-
-
-
-
-
-
-
Repairs & sundries
165
-
-
-
-
-
-
-
-
Events sundries
-
-
-
-
-
-
-
-
-
Capitalised additions
9
-
-
-
-
-
-
-
-
-
Capitalised disposals
9
-
-
-
-
-
-
-
-
-
Depreciation
9
-
1,544
-
-
-
-
-
-
-
4,637
1,544
-
-
-
-
-
-
-
**4.4**
**Administration**
Stationery, office supplies, software, bank cha
654
-
-
-
-
-
-
-
-
IT
163
-
-
-
-
-
-
-
-
Communications
256
-
-
-
-
-
-
-
-
Accountancy Fees
9,288
-
-
-
-
-
-
-
-
Contingencies & miscellaneous
-
-
-
-
-
-
-
-
-
10,361
-
-
-
-
-
-
-
-
**4.5**
**Independent Examiner**
550|**Total 2024**
**£**
7,465
-
3,524
314
134
7
-
320
-
702
-
-
228
12,696
-
3,600
324
-
-
548
-
165
-
-
-
1,544
6,180
654
163
256
9,288
-
10,361
550|**Total 2023**
**£**
6,833
2,998
2,030
850
69
512
572
631
24
414
1,149
-
1,279
17,361
-
3,600
323
-
-
502
-
6,868
-
(2,730)
-
1,088
9,651
891
131
312
9,288
-
10,621
550|
|---|---|---|
12
## **St Philip's Church, Sheffield**
## **Notes to the financial statements**
|**Notes**
**4.6**
**Charitable gifts**
Arise Sheffield
Baptist Union
Church Army
Frank Stammel ministry support
India crisis
Leaving Gifts
Magic Breakfast
Safe Families
Sheffield Diocese
The Promised Land
YBA Home Mission & other YBA
**4.7**
**Transfers**
DTI Funds
Generosity Pot Funds
Surplus on disposal of assets|**---------------------- Restricted Funds ------------------------**
**General**
**Designated -**
**Capital**
**Arise**
**Community**
**Dreaming the**
**Impossible**
**Families**
**Outreach**
**Kids Matter**
**Parson Cross**
**Training**
**Generosity Pot**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted Funds**
-
-
-
-
-
-
-
-
163
196
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
125
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,035
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,840
-
-
-
-
-
-
-
-
4,071
-
-
-
-
-
-
-
288
-
-
-
-
-
-
-
-
-
(1)
-
-
-
-
-
-
-
1
-
-
-
-
-
-
-
-
-
(1)
-
-
-
-
-
-
-
1|**Total 2024**
**£**
163
196
-
-
-
125
-
-
2,035
-
1,840
4,359
-
-
-
-|**Total 2023**
**£**
-
205
279
438
-
-
279
25
1,800
50
1,600
4,676
-
-
-
-|
|---|---|---|---|
13
**St Philip's Church, Sheffield Notes to the financial statements**
**2024 2023**
## **5 Trustee Remuneration and Related Party Transactions**
## **5.1 Reimbursements**
Travel and other out of pocket expenses were reimbursed to trustees and other related parties as follows:
|Number of trustees and other related parties reimbursed
Training for ministry
Church activities
Staff expenses & hospitality
Venue and office sundries|8
**£**
350
280
485
301
1,416|7
**£**
58
1,414
508
791
2,771|
|---|---|---|
## **5.2 Pay and benefits**
During the year 3 of the trustees and 1 spouse of a trustee were paid for their services as employees. They benefitted as follows:
||**------ 2024 ------**|**------ 2024 ------**|**------ 2023 ------**|**------ 2023 ------**|
|---|---|---|---|---|
||**Salary**|**Pension**|**Salary**|**Pension**|
|||**Contributions**||**Contribution**|
||**£**|**£**|**£**|**£**|
|David Ducker (Joint Church Leader)|5,749|393|13,373|913|
|Sarah Ducker (Joint Church Leader)|24,261|1,675|15,225|1,042|
|Frances Hall (Administrator)|4,850|-|1,612|-|
|Rowan Holt (Youth Enabler)|-|
-|3,758|-|
## **5.3 Gifts from Trustees**
All members of the Church, including Trustees, are expected to give generously to the Church to support its ministry. This is part of their expression of faith in God. No trustee gave larger gifts than the norm to the Church. No trustee sought to influence the activities of the Church by the amount that they gave.
## **5.5 Transactions**
Ben Ashworth provided design and print services to the Church in 2024. The value of this design and print services amounted to £30 (2023: £313). The Church owed £nil (2023: £nil) to Ben Ashworth at the year end. Apart from these transactions, no Trustee or other person related to the Trustees had any personal interest in any contract or transaction entered into by the Charity during the year (2023: £nil).
14
**St Philip's Church, Sheffield Notes to the financial statements**
## **6 Preparation and examination of the financial statements**
These statements have been prepared by an outsourced accountant who prepares the Church's monthly accounts. They have been examined by an independent examiner.
||monthly accounts. They have been examined by an independent|examiner.||
|---|---|---|---|
|||**2024**|**2023**|
|||**£**|**£**|
||Provision for Independent Examiner's fee & costs|550|550|
|**7**|**Employees**|||
||No employee earned more than £60,000 during the year.|||
|||**2024**|**2023**|
|**7.1 **|**Payroll costs**|**£**|**£**|
||Central Ministry & Administration|38,049|36,418|
||Familes Outreach|16,296|19,145|
|**7.2 **|**Payroll breaks down as:**|54,345|55,562|
||Gross pay to employees|51,508|53,608|
||Employer's national insurance|2,386|1,487|
||Employment Allowance|(2,386)|(1,487)|
||Statutory Maternity Pay recoverable from HMRC|-|-|
||Employer's pension contributions|2,067|1,955|
||Termination benefits|769|-|
|||54,345|55,562|
||No employee earned more than £60,000 during the year.|||
||All redundancy and termination payments and amounts in lieu of notice are charged or accrued as|||
||incurred. During the year redundancy payments of £769 were made to 3 employees (2023: £nil)|||
|**7.3 **|**Average head count**|||
||Full-time employees|0.0|0.0|
||Part-time employees|5.5|7.1|
|||5.5|7.1|
|**7.4 **|**Full time equivalent employees**|||
||Central Ministry & Administration|1.4|1.6|
||Familes Outreach|0.4|0.5|
|||1.8|2.1|
15
## **St Philip's Church Sheffield Notes to the financial statements**
## **8 Pensions**
The Church participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers.
CWPF has two sections:
- 2.the Pension Builder Scheme, which has two subsec�ons:
- a. a deferred annuity sec�on known as Pension Builder Classic, and,
- b. a cash balance sec�on known as Pension Builder 2014.
## **Pension Builder Scheme**
Both sections of the Pension Builder Scheme are classed as defined benefit schemes.
**Pension Builder Classic** provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.
**Pension Builder 2014** is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65.
There is no sub-division of assets between employers in each section of the Pension Builder Scheme.
The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme.
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2022.
For the Pension Builder Classic section, the valuation revealed a surplus of £34.8m on the ongoing assumptions used. At the most recent annual review effective 1 January 2025, the Board chose to grant a discretionary bonus of 6.7% to both pensions not yet in payment and pensions in payment in respect of service prior to April 1997; and a bonus on pensions in payment in respect of post April 2006 service so that the pension increase was 2.7% (where usually it would be calculated based on inflation up to 2.5%). This followed improvements in the funding position over 2024. There is no requirement for deficit payments at the current time.
For the Pension Builder 2014 section, the valuation revealed a surplus of £8.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.
The next valuation is due as at 31 December 2025.
The legal structure of the scheme is such that if another employer fails, the Church could become responsible for paying a share of the failed employer’s pension liabilities.
At 31 December 2024 the Church had 1 active member in the Pension Builder 2014 section.
The Church contributes 7% of basic salary (which includes 1% for death in service cover of 4 times salary) and the employees are required to contribute a minimum contribution of 2%. The pensions costs charged to the SoFA in the year are the contributions payable (2024: £2,067; 2023: £1,955).
16
## **St Philip's Church, Sheffield Notes to the financial statements**
## **9 Tangible fixed assets**
The Church owns no land or buildings. Its only fixed assets consist of equipment, fixtures and fittings.
|**2024**
**Cost**
**£**
Brought forward
7,313
Additions
-
Disposals
-
Total at the end of the year
7,313
**Depreciation**
Brought forward
3,331
On disposals
-
Charge for the year
1,544
Total at the end of the year
4,875
Net book value at the end of the year
2,439
Net book value at the beginning of the year
3,982
**10**
**Debtors and Prepayments**
**£**
Accounts receivable
-
Gift Aid - income tax recoverable
4,064
Prepayments
385
Sundry debtors
195
4,644
**11**
**Cash at Bank and in Hand**
**£**
Cash at Bank
39,318
Cash in Hand
164
39,482
**Total Current Assets**
44,126
**12**
**Creditors and Accruals**
**12.1 Creditors due within one year**
**£**
Trade creditors
326
Pension contributions accrual
226
PAYE tax & national insurance
1,227
Sundry creditors and accruals
1,023
2,802
**12.2 Creditors: amounts falling due after more than one year**
There were no long term creditors
-
-|**2023**
**£**
4,583
2,730
-
7,313
2,243
-
1,088
3,331
3,982
2,340
**£**
-
3,182
728
-
3,910
**£**
37,521
82
37,603
41,513
**£**
(1,801)
211
420
2,872
1,702
-
-|
|---|---|
17
**St Philip's Church Sheffield Notes to the financial statements**
## **13 Funds**
The movement and balances of all funds are given in detail in the SoFA and SoFP and the notes to which they refer.
## **Unrestricted Funds**
## **13.1 General Fund**
The General Fund is used for the general ministry of the church. It can be used for any of the charitable objectives of the Church. Its use is at the direction of the Trustees
## **13.2 Capital Fund (Designated)**
A designated fund is a fund where the Trustees have chosen to set aside money or other assets for a particular purpose. They have discretion to move some or all of the designated fund back into the general fund at any time.
The Trustees prefer the General Fund to reflect just the movement and balance of the liquid unrestricted assets (cash, debtors and creditors) of the Church. Hence the value of the tangible assets is held separately in this designated fund.
## **Restricted Funds**
## **13.3 Families Outreach**
Families Outreach comprises an S5 Dads project involving a monthly community group in Parson Cross providing a space for food, connection and play for dads and their children. In 2024 the Church was awarded a grant of £1,000 from St Agatha's fund to support a residential trip in 2025. Funds carried forward from 2023 are to be used towards S5 Dads special events.
||**Opening**
**Balance**|**Income**|**Transfers**|**Expended**|**Closing**
**Balance**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|Families Outreach|406|1,000|-|(702)|704|
## **13.4 Parson Cross Fund**
The Church has a mission team based in the Parson Cross area. Church members have given gifts to this fund to enable outreach activities. Disbursal of the fund is supervised by the Parson Cross mission team leader.
||**Opening**
**Balance**|**Income**|**Transfers**|**Expended**|**Closing**
**Balance**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|Parson Cross|595|-|-|(595)|-|
## **13.5 Generosity Pot**
From time to time the Church appeals for offerings to support mission organisations or individuals engaged in mission. The gifts received into this fund are forwarded as soon as practicable to the designated beneficiaries.
18
**St Philip's Church Sheffield Notes to the financial statements**
## **14 Grants over £1,000 from institutions**
**Grants over £1,000 from institutions 2024 2023 £ £** - St Agatha's Fund - S5 Dad's Residential (see note 13.4) 1,000.00
No grants over £1,000 were received from institutions in 2023
## **15 Grants to institutions**
All gifts and grants are detailed in Note 4.6.
## **16 Operating lease**
The Church contracted for a lease at St Stephen’s Church on the 14th of July 2022 on a month-to-month rolling basis. The Landlord is St Tims & The Vine Sheffield of Primrose Hill, Sheffield. S6 2UW
## **17 Capital commitments**
The Church had no capital commitments at the year end.
19
## **Independent Examiner’s Report to the Trustees of St Philip's Church, Sheffield**
I report on the accounts of St Philip's Church, Sheffield (the Charity) for the year ended 31 December 2024, which are set out on pages 6 to 20.
## **Respective responsibilities of trustees and examiner**
The Charity’s trustees are responsible for the preparation of the accounts. The Charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act
- to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act
- to state whether particular matters have come to my attention
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
Signature:
Name:
Address:
Date:
20
INDEPENDENT EXATrOINER'S REPORT TO ST pHILP.5 CHURCH
I report on the accounts ot St Philip'schurch for theyearended 3 December 3024
R*spectiv¢ r¢5pon5ibilities of the PCC and ex•miner
St Philip'5 Churih Is responsible for the preparation of the actounts St Philip's Church conssde
that an audit Is not required for this year (under section (2) of the Chantres Act 2011 Ithe 2011
Actll and that an independent examination 65needtd.
It Is my re5pon51biltyto-.
examine the accthJnts (under 5ecuw 415mb)tr A£t);
to follow the pr¢xedvres laid do in the Genornl O¢ro(tKffjS gNen by the Charity
Commission, and
To State whether parncular mattery have cometo myattentbcffj.
84$1$ of indep*nd•nt eyaminefs rnport
My examination was rrIed out In accordance vnth ihe General Directions given by the Charity
Commission. An examination Includes a of the xcounting records kept by 5t Philip's
Church and a comparison of the accounts Perned vnth thos* retord5. It a150 Includes
con51deration of any vnu5ual items or disclosu in ihe accounts an*J seekin9 explanations from
St Philip's Chvrch concerning any SLKh mattèr5 The procedures undertaken do not provide all the
evidence that would be rtqvirnd in an audit, and consequerfly I do not express an audit tspinion
on the viéw gwen by the accounts.
Ind•pendent *x•minerfs smefflent
In connection wrth my examination, no rnatterh05 cometo myattention:
il which 9ives me reasonable cause to believe that in any matenal respect the requirements
to keep accounting records in accordancè wMth sertion 130 of the 2rt1 Art, and
to prepare accounts which accord wrth the accountsn9 records and comply with
the accounting reqU1ments0fthe 2011 Act have not bten met,. or
21 To which, In my opinion, attention should be drawn In order to enable a proper
UndetandIng ofthe ac(ountsto be reached.
F•ithSlar LLP
1 Concourse Way,
Acero,
S1 28J
Signed IndeFerKknt Examiner
Mr A8h Najib
30106r2025