TRUSTEES ANNUAL REVIEW 2024-25 ST TIMOTHY’S CHURCH, CROOKES
Objectves and actvites
Objectives and activities St Timothy’s Parochial Church Council (PCC) has the responsibility of promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, social and ecumenical. St Timothy’s is part of The Diocese of Sheffield. The Diocese has been called to grow a sustainable network of Christ-like, lively, and diverse Christian communities in every place which are effective in making disciples and in seeking to transform our society and God’s world. The PCC works towards the above Diocesan Mission Statement with its three strands: ‘Renewed, Released, Rejuvenated,’ and our Parish purpose statement ‘Passion for God. Compassion for People’ 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.
Review of the year
Of great significance in 2024 was the discernment, preparation, and authorisation of a Focal Ministry Team consisting of four Focal Ministers and the Vicar. These Focal Ministers, together with the vicar, share an overview of pastoral and spiritual leadership, including consulting with regards to, and articulating, the shared sense of vision and vocation for the parish.
The Sunday morning congregation has continued as the main focus of our shared worship as a parish community, as well as monthly Kids’ Church, and the Harbour evening service. The Harbour included explored some additional modes of worship, including Taize and times focused on prayer. Midweek activities, including children and family’s activities, the Tuesday Social Club, and Wednesday Lunch Club, have continued. Youth activities, including times away, have proven fruitful for discipleship.
During the year the PCC conducted a significant review of our systems for decision-making and financial controls. A new structure arranged around PCC, Standing Committee, an Estates and Development Team, and a Church Programme Team was approved, to be implemented following the 2025 APCMs.
Future plans
The Parish looks forward to consolidating its new leadership and governance structures, aware that our Vicar will be leaving post in mid-2025.
Of great significance in 2025 will be the implementation of a project to respond to the fragility of our heating system, which is mission-critical to many of our activities. Within the framework and constraints of Church of England net zero policy, this will be a significant project requiring significant management and fundraising.
Financial Review
2024 continued to see an increase in voluntary giving, both planned (increase of 6.5%) and via service collection (26% increase). Despite this, the church ended the year with a deficit of £15,500 against a planned deficit of £24,000. There has been a negative movement against both unrestricted and restricted funds. This negative movement continues to signal that the church is overspending its
income across all areas. The organisation will not be able to continue to sustain losses at this level for a continued length of time although it should be commended that the deficit is lower than initially planned even if it is a larger deficit that seen in 2023. This is likely due to the continued increase in living costs seen nationally and the need to pay our staff a fair wage.
Income
St Timothy's received a total income of £205,203 in total during 2024 and is an increase of £5,218 over 2023 figures. This is due to the previously noted increase in voluntary giving and through activities generating funds for the organisation. The income generated from the rent of the Church Hall was £4,421 lower than 2023 and was due to the need to close the hall for maintenance work during the year alongside a dip in rentals.
Expenditure
St Timothy’s total expenditure for the year was £220,703, of which 32% related to our common fund giving, 30% on staffing and the remainder on our church activities, including the building and upkeep, youth and children’s activities and governance costs. The bulk of expenditure is paid through our unrestricted funds. The expenditure was 5.7% higher than in 2023 with an increase in spend across all areas of the organisation against an average national inflation increase of 2.5%.
The majority of expenditure is directly apportioned into budgets and held internally by budget holders to enable them to undertake and facilitate ministry in the Parish and beyond. Budget holders were repeatedly reminded of the planned deficit which meant budgets were spent more carefully. Budgets will be lowered for 2025 and monitored more closely as part of wider governance changes in 2025.
The PCC has continued to match the Real Living Wage but this will need to be reviewed each year as to whether this can be afforded from the church budget. There will also need to be indepth questions around whether the organisation can continue to spend a third of its income on the Common Fund. Utility rates are due to renewal during 2025 and there is a concern that combined with the aging heating system within the church building, the utility bills will reach a point where there needs to be rationing of utilities. We continue to monitor contracted costs and any variances to budgets closely, through the use of management accounts that are presented at PCC meetings where possible.
Maintenance costs for the church building and hall has risen from 2023 and is due to large repairs required in the sewerage system and ongoing guttering issues. We continued to take collections for external organisations and distributed these as grants to charities throughout the year.
NET Positon and Balance
The overall net movement in funds was minus £15,500, unrestricted funds had a net loss of £11,282
and restricted funds a net loss of £4,2184. As of 31 December 2024, the total funds held by St Timothy’s had a balance of £92,318, unrestricted funds had a balance of £71,855 and restricted funds a balance of £20,463.
Costs are forecasted to increase in 2025, especially around the heating of the church, which will impact our unrestricted funds position, we continually look at increasing income to support our activities.
Reserves Policy
With our charity designation, it is expected that there will always remain a balance on general funds to cover any emergency or required closure of the charity. This is a minimum of £30,000. The current amount in general funds at the end of 2024, is at a level that allows us to cover this eventuality if required.
Note
It is with continued utmost thanks to George Boylin and Jackie Kieran that the finances of St Timothy’s are maintained and well administered. Without them, then we would be much the worse off.
St. Timothy’s Church, Crookes
St Timothy’s Church, Crookes
Financial Statements for the year ended 31 December 2024
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St. Timothy’s Church, Crookes
STATEMENT OF THE FINANCIAL ACTIVITES
For the year ended 31 December 2024
| Note INCOME FROM Voluntary Income 1 Other Voluntary Income Resources 2 Income for Church Activities 3 Activities for Generating Funds 4 Trading Income 5 Investment Income EXPENDITURE ON Charitable Giving Grants 6 Activities Directly Related to the Work of the Church 7 Church Hall 8 Salaries 9 Tuesday Social Club 10 Youth and Children’s Ministry 11 Church Management and Administration 12 Governance 13 Net (expenditure)/income Transfer between funds Total funds brought forward Total funds carried forward |
Unrestricted Funds Restricted Funds 2024 Total 2023 Total £ £ £ £ 147,316 4,135 151,451 146,552 - 3,500 3,500 5,515 590 396 986 875 20,293 10,317 30,610 23,883 18,656 - 18,656 23,077 - - - 83 |
|---|---|
| 186,855 18,348 205,203 199,985 |
|
| - 2,246 2,246 1,022 74,660 7,338 81,998 83,679 10,391 - 10,391 9,765 61,374 5,187 66,561 61,490 733 1,226 1,959 3,223 11,707 1,499 13,206 12,826 33,435 4,200 37,635 31,291 5,837 870 6,707 5,385 |
|
| 198,137 22,566 220,703 208,681 |
|
| (11,282) (4,218) (15,500) (8,696) - - - - 83,137 24,681 107,818 116,514 |
|
| 71,855 20,463 92,318 107,818 |
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St. Timothy’s Church, Crookes
BALANCE SHEET
As at 31 December 2024
| Note Current Assets Cash at bank and in hand Debtors 14 Total Assets Creditors Amount due within 1 year 15 Net Assets Funds 16 Natter Asha Organ Lighting Defibrillator Assigned Fees Charitable Giving Community Hub – COVID 19 Xmas Tree Festival Eco Projects Toddlers Wednesday Lunch Club Panto Halls (Designated) General (Unrestricted) |
Unrestricted Funds Restricted Funds 2024 Total 2023 Total £ £ £ £ 67,796 20,463 88,259 104,476 4,459 - 4,459 4,308 72,255 20,463 92,718 108,784 |
|---|---|
| (400) - (400) (966) |
|
| 71,855 20,463 92,318 107,818 |
|
| - (25) (25) 1,301 - 2,566 2,566 1,824 - 2,483 2,483 2,483 - - - - - 667 667 667 - 665 665 269 - 3,143 3,143 2,280 - 2,648 2,648 2,648 - - - - 5,003 1,161 2,978 (2,414) 5,003 1,161 2,978 (2,414) 3,800 6,232 2.361 816 - 1,588 1,588 - 42,675 - 42,675 40.850 29,180 - 29,180 42,287 |
|
| 71,855 20,463 92,318 107,818 |
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St. Timothy’s Church, Crookes
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024
1 VOLUNTARY INCOME
| Planned Giving Collections at Services Donations Gift Aid Total |
Unrestricted £ Restricted £ 2024 Total £ 2023 Total £ 116,065 432 116,497 109,387 2,011 3,326 5,337 4,235 4,236 377 4,613 8,305 25,004 - 25,004 24,625 |
|---|---|
| 147,316 4,135 151,451 146,552 |
2 OTHER VOLUNTARY INCOME
| Grants Total |
Unrestricted Restricted 2024 Total 2023 Total £ £ £ £ - 3,500 3,500 5,515 |
|---|---|
| - 3,500 3,500 5,515 |
3 INCOME FOR CHURCH ACTIVITIES
| Funerals and Weddings Total |
Unrestricted Restricted 2024 Total 2023 Total £ £ £ £ 590 396 986 875 |
|---|---|
| 590 396 986 875 |
4 ACTIVITIES FOR GENERATING FUNDS
| Youth and Children Tuesday Social Club Church Activities Wednesday Lunch Club Building Projects Panto Total |
Unrestricted Restricted 2024 Total 2023 Total £ £ £ £ 16,056 1,422 17,478 12,596 1,576 2,364 3,940 4,327 2,661 - - 4,254 2,661 4,254 1,366 3,792 - - - 1,802 - 2,277 2,277 |
|---|---|
| 20,293 10,317 30,610 23,883 |
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St. Timothy’s Church, Crookes
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024
5 TRADING INCOME
| TRADING INCOME | |
|---|---|
| Hall Total |
Unrestricted Restricted 2024 Total 2023 Total £ £ £ £ 18,656 - 18,656 23,077 |
| 18,656 - 18,656 23,077 |
6 CHARITABLE GIVING GRANTS
| Assist Sheffield Women’s Disasters Emergency Committee Christian Aid A Rocha UK Snow Project Church Mission S6 Foodbank SARAs Children Society Love into Action Total |
Unrestricted Restricted 2024 Total 2023 Total £ £ £ £ - - - 67 - 136 136 274 - 252 - 316 316 173 - 207 207 - - 402 402 - - 75 75 86 529 529 107 - 294 294 - - 96 96 - - 191 191 63 |
|---|---|
| - 2,246 2,246 1,022 |
7 ACTIVITIES DIRECTLY RELATED TO THE WORK OF THE CHURCH
| Common Fund Giving Church Event Costs Assigned Fees Total |
Unrestricted Restricted 2024 Total 2023 Total £ £ £ £ 70,000 - 70,000 70,000 4,061 7,338 11,399 13,551 599 - 599 128 |
|---|---|
| 74,660 7,338 81,998 83,679 |
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St. Timothy’s Church, Crookes
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2024
8 CHURCH HALL
| 8 CHURCH HALL | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | 2024 Total | 2023 Total | |
| £ | £ | £ | £ | |
| Maintenance | 4,687 | - | 4,687 | 1,705 |
| Broadband | 619 | - | 619 | 481 |
| Subscriptions | - | - | - | - |
| Utilities | 5,085 | - | 5,085 | 4,835 |
| Insurance | - | - | - | 2,744 |
| Total | 10,391 | - | 10,391 | 9,765 |
| 9 SALARIES | ||||
| Unrestricted | Restricted | 2024 Total | 2023 Total | |
| £ | £ | £ | £ | |
| Administration | 10,974 | - | 10,974 | 9,996 |
| Church Cleaning | 3,094 | - | 3,094 | 2,812 |
| Youth | 32,617 | - | 32,617 | 29,783 |
| Wednesday Lunch Club | - | 3,861 | 3,861 | 3,375 |
| Halls | 7,260 | - | 7,260 | 6,679 |
| Natter | - | 1,326 | 1,326 | 2,680 |
| National Insurance & Pension | 7,429 | - | 7,429 | 6,165 |
| Total | 61,374 | 5,187 | 66,561 | 61,490 |
| 10 TUESDAY SOCIAL CLUB | ||||
| Unrestricted | Restricted | 2024 Total | 2023 Total | |
| £ | £ | £ | £ | |
| Cost of events | 733 | 1,226 | 1,959 | 3,223 |
| Total | 733 | 1,226 | 1,959 | 3,223 |
| 11 YOUTH AND CHILDREN’S MINISTRY | ||||
| Unrestricted | Restricted | 2024 Total | 2023 Total | |
| £ | £ | £ | £ | |
| Children & Youth cost of events | 11,707 | 810 | 12,517 | 12,826 |
| Panto | - | 689 | 689 | - |
| Total | 11,707 | 1,499 | 13,206 | 12,826 |
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St. Timothy’s Church, Crookes
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024
12 CHURCH MANAGEMENT AND ADMINISTRATION
| Clergy and Vicarage Costs Training Administrative Costs Maintenance and Upkeep Insurance Utilities Total 13 GOVERNANCE Accountancy Fees Payroll Fees Audit Fee Professional Fees Total 14 DEBTORS Trade Debtors Other Debtors Accrued Income Total 15 CREDITORS Creditors due within one year Total |
Unrestricted Restricted 2024 Total 2023 Total £ £ £ £ 1,210 - 1,210 1,184 480 - 480 350 3,921 - 3,921 5,617 17,642 4,200 21,842 17,252 5,368 - 5,368 2,744 4,814 - 4,814 4,144 |
|---|---|
| 33,435 4,200 37,635 31,291 |
|
| Unrestricted Restricted 2024 Total 2023 Total £ £ £ £ 4,927 - 4,927 4,500 510 - 510 510 400 - 400 375 - 870 870 - |
|
| 5,837 870 6,707 5,385 |
|
| Unrestricted Restricted 2024 Total 2023 Total £ £ £ £ 710 - 710 103 - - - 1,125 3,749 - 3,749 3,080 |
|
| 4,459 - 4,459 4,308 |
|
| Unrestricted Restricted 2024 Total 2023 Total £ £ £ £ (400) - (400) (966) |
|
| (400) - (400) (966) |
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St. Timothy’s Church, Crookes
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024
16 RECONCILIATION OF FUND BALANCE
| Natter Asha Organ Defibrillator Assigned Fees Charitable Giving Community Hub - Covid 19 Xmas Tree Festival Eco Projects Toddlers Wednesday Lunch Club Panto Halls General Fund Total |
Balance b/f £ Income £ Expenditure £ Balance c/f £ 1,301 - (1,326) (25) 1,824 742 - 2,566 2,483 - - 2,483 667 - - 667 269 396 - 665 2,280 3,109 (2,246) 3,143 2,648 - - 2,648 3,800 6,232 2,361 816 2,429 - 1,427 7,968 (1,226) (5,071) (810) (11,198) 5,003 1,161 2,978 (2,414) - 2,277 (689) 1,588 40,850 18,635 (16,810) 42,675 42,287 168,220 (181,327) 29,180 |
|---|---|
| 107,818 205,203 (220,703) 92,318 |
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St. Timothy’s Church, Crookes
17 PRIOR YEAR SOFA FOR THE YEAR ENDED 31 DECEMBER 2023
| Note INCOME FROM Voluntary Income 1 Other Voluntary Income Resources 2 Income for Church Activities 3 Activities for Generating Funds 4 Trading Income 5 Investment Income EXPENDITURE ON Charitable Giving Grants 6 Activities Directly Related to the Work of the Church 7 Church Hall 8 Salaries 9 Tuesday Social Club 10 Youth and Children’s Ministry 11 Church Management and Administration 12 Governance 13 Net (expenditure)/income Transfer between funds Total funds brought forward Total funds carried forward |
Unrestricted Funds Restricted Funds 2023 Total 2022 Total £ £ £ £ 142,895 3,657 146,552 144,398 1,150 4,365 5,515 4,600 606 269 875 2,020 15,477 8,406 23,883 19,364 23,077 - 23,077 14,806 83 - 83 |
|---|---|
| 183,288 16,697 199,985 185,188 |
|
| - 1,022 1,022 3,510 73,372 10,307 83,679 78,066 9,765 - 9,765 9,013 55,435 6,055 61,490 48,445 1,506 1,717 3,223 1,007 10,856 1,970 12,826 7,872 31,291 - 31,291 22,394 5,385 - 5,385 4,762 |
|
| 187,610 21,071 208,681 175,069 |
|
| (4,322) (4,374) (8,696) 10,119 - - - - 87,459 29,055 116,514 106,395 |
|
| 83,137 24,681 107,818 116,514 |
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St. Timothy’s Church, Crookes
| Note Current Assets Cash at bank and in hand Debtors 14 Total Assets Creditors Amount due within 1 year 15 Net Assets Funds 16 Natter Asha Organ Lighting Defibrillator Assigned Fees Charitable Giving Community Hub – COVID 19 Xmas Tree Festival Eco Projects Toddlers Wednesday Lunch Club Halls (Designated) General (Unrestricted) |
Unrestricted Funds Restricted Funds 2023 Total 2022 Total £ £ £ £ 79,204 25,272 104,476 116,872 4,308 - 4,308 1,506 83,512 25,272 108,784 118,378 |
|---|---|
| (375) (591) (966) (1,864) |
|
| 83,137 24,681 107,818 116,514 |
|
| - 1,301 1,301 3,981 - 1,824 1,824 1,480 - 2,483 2,483 2,483 - - - - - 667 667 667 - 269 269 128 - 2,280 2,280 211 - 2,648 2,648 2,648 - - - - 3,800 6,232 2,361 816 3,800 6,232 2,361 816 2,201 6,232 2,949 6,075 40,850 - 40,850 27,538 42,287 - 42,287 59,921 |
|
| 83,137 24,681 107,818 116,514 |
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St. Timothy’s Church, Crookes
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees
Charity Name
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST TIMOTHY'S CROOKES
On accounts for the year 31 December 2024 Charity no 1172252 ended (if any)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2024 .
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
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St. Timothy’s Church, Crookes
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 which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content 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.
Date: 2.5.2025 Signed: Name: JSM Accounting Services Limited – Judith McCoy ~~a~~ Address: 32 Clough Grove Oughtibridge
Sheffield S35 0JX
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
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St. Timothy’s Church, Crookes
Give here brief details of any No material matters to disclose items that the examiner wishes to disclose .
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