MINSTER CHURCH OF ST DENYS , WARMINSTER ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
THE MINSTER CHURCH OF ST DENYS , WARMINSTER FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 RECEIPTS AND PAYMENTS ACCOUNT
| Note RECEIPTS Voluntary Receipts Planned Giving & Bankers Orders Income Tax recovered Collections in Church Donations to the Church Donations from Warminster School Legacies and Bequests Donation towards central heating Other Receipts Youth Group Collections for other charities Receipts held on behalf of Sudan Maridi Link Activities for Generating Funds 7a Investment Income 7b |
GENERAL UNRESTRICTED DESIGNATED RESTRICTED TOTAL TOTAL FUNDS FUNDS FUNDS 2024 2023 £ £ £ £ £ 20,901 20,901 24,078 8,191 8,191 8,649 6,424 6,424 6,925 1,195 1,195 1,414 10,750 10,750 12,900 21,993 21,993 29,567 5,200 5,200 0 138 0 0 3,638 3,638 3,241 25,000 25,000 0 |
|---|---|
| 69,453 33,838 103,291 86,912 |
|
| 7,769 0 7,769 9,532 10,200 1,475 11,675 10,122 |
|
| Proceeds on realisation of investments | 65,000 65,000 |
| Church Activities - Fees TOTAL RECEIPTS (OPERATING) TOTAL RECEIPTS PAYMENTS Church Activities Diocesan Parish Share Staffing costs (Clgy, Org, Adm) 7c Church Running expenses 7c Mission, Giving and Donations Costs of Generating Funds 7d Other Resources Expended 7e TOTAL PAYMENTS EXCESS OF RECEIPTS OVER PAYMENTS TRANSFERS BETWEEN FUNDS BANK ACCOUNTS AT 1 JANUARY BANK ACCOUNTS AT 31ST DECEMBER |
8,521 8,521 9,233 |
| 95,943 0 100,313 196,256 115,799 |
|
| 95,943 0 100,313 196,256 115,799 |
|
| 35,665 35,665 28,355 16,645 16,645 15,642 63,069 70,200 133,269 40,629 0 2,870 2,870 3,788 500 500 400 880 193 1,073 1,449 |
|
| 116,758 0 73,263 190,021 90,263 |
|
| (20,815) 0 27,050 6,235 25,536 0 0 |
|
| (20,815) 0 27,050 6,235 25,536 |
|
| 42,633 27,974 70,607 45,071 21,818 55,024 76,842 70,607 |
THE MINSTER CHURCH OF ST DENYS , WARMINSTER FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 STATEMENT OF ASSETS AND LIABILITIES
| Note CASH FUNDS Bank Current Accounts Bank Current Accounts 8 Bank Deposit Accounts 8 Investment Assets at cost 12 (Market Values included in Note 12) 22 Church Street- Assets Retained for 13 Church Use Amounts owing from the Fees Account Liabilities -Donations due to other charities Liabilities - due to Sudan Maridi Link |
UNRESTRICTED UNRESTRICTED RESTRICTED TOTAL TOTAL GENERAL DESIGNATED FUNDS FUNDS FUNDS 2024 2023 £ £ £ £ £ 21,818 40,214 62,032 56,543 14,810 14,810 14,064 |
|---|---|
| 21,818 0 55,024 76,842 70,607 |
|
| 20,365 20,365 32,495 11,000 11,000 11,000 500 500 500 (954) (954) (186) (25,000) (25,000) |
|
| 33,318 0 49,435 82,753 114,416 |
THE MINSTER CHURCH OF ST DENYS , WARMINSTER FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS
1 Accounting Basis
The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis.
- 2 Fixed assets retained for church use is the property 22 Church Street, at cost. This was formerly the parish office although is temporarily rented out.
3 Funds
General Funds
General funds represent the funds of the PCC that are not subject to special restrictions regarding their use and are available for application to the general purposes of the PCC, These include funds designated for a particular purpose by the PCC.
In the year ended 31st December 2015 a designated fund was allocated for Church maintenance and repairs.
Restricted Funds
The Fabric fund is the restricted fund set aside for the maintenance of the Church structure and related property including all costs in respect of the ongoing heating and insurance of the building.
The 22 Church Street fund represents funds to be utilised exclusively for the maintenance of 22 Church Street.
Donations provided for specific purposes are treated as restricted funds and accounted for accordingly. This includes contributions made specifically towards the costs of the Diocesan Parish Share.
Monies held on behalf of the choir are also classified as restricted funds.
The accounts include monetary transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of other Church Groups that owe affiliation to another body, nor those that are informal gatherings of Church Members.
Subject to the above, all receipts and payments include income as received and expenditure when irrevocably paid.
THE MINSTER CHURCH OF ST DENYS , WARMINSTER FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS
4 Statement of Assets and Liabilities
The following assets are recognised, but not necessarily valued in the Statement of Assets and Liabilities
Moveable church furnishings held by the church wardens on special trust for the PCC, and which require a faculty for disposal
Land and Buildings held on behalf of the PCC
Other fixtures, fittings and office equipment where the PCC is free to dispose of such assets without faculty
Investments held beneficially by the PCC
5 The Brodribb Tomb
The Brodribb Tomb investments are managed and maintained separately by the Vicar and the Churchwardens for the benefit of the maintenance of the Brodribb Tomb and, as such are not included within these financial statements.
In addition to the bank accounts and investments included in the financial statements of the Minster Church of St Denys are the following in respect of the above:-
Lloyds Account 07080785
CCLA Church of England Investment Fund Account 776476001S in which 103 shares are held and on which income is paid quarterly into the above Lloyds Account 07080785
6 Other Accounts Administered by the Church Warden
A separate bank account (called the Fees Account for the Benefice) held with CAF Bank under reference 00016144 is maintained by the Church Warden in respect of monies received for various occasional offices.
This money is not however part of the funds of the Minster Church of St Denys and as such is excluded for the financial statements.
THE MINSTER CHURCH OF ST DENYS , WARMINSTER FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS
7 FURTHER ANALYSIS OF RECEIPTS AND PAYMENTS ACCOUNTS
| RECEIPTS a) Activities for Generating Fund Fetes and Bazaars 13 Other Fundraising Activities 8 Parish Magazine receipts 14 Magazine Advertising 9 Use of Church/West End 12 Miscellaneous Income Parish Weekend b) Investment Income 17 22 Church Street Rentals 15 Bank Interest 16 CCLA investment income |
GENERAL UNRESTRICTED RESTRICTED TOTAL TOTAL FUNDS FUNDS 2024 2023 £ £ £ £ 0 0 0 6,143 6,143 7,629 266 266 493 320 320 370 1,040 1,040 990 0 0 0 50 0 0 0 |
|---|---|
| 7,769 0 7,769 9,532 |
|
| 10,200 10,200 9,350 1,282 1,282 587 193 193 185 0 |
|
| 10,200 1,475 11,675 10,122 |
|
THE MINSTER CHURCH OF ST DENYS , WARMINSTER FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS
7 FURTHER ANALYSIS OF RECEIPTS AND PAYMENTS ACCOUNTS (CONTINUED)
| PAYMENTS c) Church Running Expenses 21 Utilities - Water 20 Utilities- Electricity 22 Upkeep of Services 42 Service leaflets/Church Literature 32 Accounts Fees 28 General Repairs and Maintenance General Parish Expenditure 36 Clergy expenses 25 Payt to Administrator /Organist Car Park Rent and Grass Cutting 29 Christmas Tree Festival 26 Music Licence and Choir 27 Miscellaneous expenses Youth Fund Expenses Parish Weekend 44 Bank Charges Office Administration Expenses 37 Office Expenses- Telephone 38 Office Expenses- Stationery 39 Office Expenses- Photocopying 41 Office Expenses- Advertising 40 General Petty Cash/Postage Church Fabric Expenses 45 Work on the Bells 24 Repairs and Maintenance 43 Church Insurance 19 Heating Oil 35 Organ Servicing Bank Charges Miscellaneous Expenses Architect's Fees 23 Sound System |
GENERAL UNRESTRICTED RESTRICTED TOTAL TOTAL FUNDS FUNDS 2024 2023 £ £ £ £ 252 252 225 4,287 4,287 2,672 2,300 2,300 1,695 480 480 1,313 1,264 1,264 1,100 2,303 2,303 1,932 2,157 2,157 3,401 16,645 16,645 15,642 0 0 205 205 184 720 720 638 3,261 3,261 1,283 0 0 0 0 158 158 190 1,494 1,494 1,386 303 303 598 2,711 2,711 2,826 613 613 623 142 142 94 687 687 0 26,265 70,200 96,465 5,685 8,613 8,613 8,216 2,917 2,917 4,713 662 662 1,608 0 0 0 0 1,274 1,274 247 |
|---|---|
| 79,714 70,200 149,914 56,271 |
|
THE MINSTER CHURCH OF ST DENYS , WARMINSTER FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS
7 FURTHER ANALYSIS OF RECEIPTS AND PAYMENTS ACCOUNTS (CONTINUED)
| PAYMENTS d) Cost of Generating funds 18 Fetes and Bazaar expenses e) Other Resources Expended 33 22 Church Street 34 22 Church Street Insurance Payment to the Fees Account 95 Purchase of Investments |
GENERAL UNRESTRICTED RESTRICTED TOTAL TOTAL FUNDS FUNDS 2024 2023 £ £ £ £ |
|---|---|
| 500 500 400 |
|
| 500 0 500 400 |
|
| 533 533 929 347 347 335 0 0 0 |
|
| 193 193 185 |
|
| 880 193 1,073 1,449 |
8 ANALYSIS OF BANK ACCOUNTS
| 105 Lloyds Current account 0124930 106 CAF Gold A/c -00091818 107 CAF Cash A/c 0015105 CCLA Deposit Fund 634158002D 108 CCLA Deposit Fund 634158001D Lloyds A/c 07080688 |
TOTALS TOTALS 2024 2023 £ £ 20,231 18,849 25,460 4 16,340 37,690 14,811 14,064 0 0 |
|---|---|
| 76,842 70,607 |
9 COMMITMENTS UNDER OPERATING LEASES
There were no committments under operating leases as at 31st December 2024.
THE MINSTER CHURCH OF ST DENYS , WARMINSTER FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS
10 ANALYSIS OF FUNDS
| FABRIC FUND Balance B/fwd RECEIPTS Other Donations Bank interest Other Income from Investments Donation re Central Heating Proceeds on sale of Accumulation Fund Shares - Fabric Fund 634158001J Cost of Fabric Fund 634158001J sold PAYMENTS Repairs and Central Heating Expenses Bank Charges Balance C/fwd |
TOTALS TOTALS 2024 2023 £ £ 58,550 57,778 1,282 587 193 185 5,200 65,000 (12,323) |
|---|---|
| 117,902 58,550 70,200 0 0 0 |
|
| 70,200 0 |
|
| 47,702 58,550 |
THE MINSTER CHURCH OF ST DENYS , WARMINSTER FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS
| 10 ANALYSIS OF FUNDS (Continued) CHOIR FUND Balance B/fwd Receipts in the year Payments Balance C/fwd YOUTH GROUP FUND Balance B/fwd Receipts for the year Payments made Balance C/fwd BELL FUND Balance B/fwd Bequest/Donations in the year Payments made Balance C/fwd TOTAL RESTRICTED FUNDS |
2024 2023 447 447 |
|---|---|
| 447 447 |
|
| 1286 1286 |
|
| 1286 1286 |
|
| 0 0 0 0 0 |
|
| 0 0 |
|
| 49,435 60,283 |
11 INCOME TAX RECOVERABLE
As at 31st December 2024 there was income tax recoverable on donations received in the year. This income tax is anticipated to be in the region of 8,500.
THE MINSTER CHURCH OF ST DENYS , WARMINSTER FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS
12 ANALYSIS OF INVESTMENTS
CHANCEL AND CHURCHYARD FABRIC ( INCLUDED IN FABRIC FUND)
| As at 1st January 2024 Dividends reinvested Shares sold As at 31st December 2024 |
Number Cost of shares £ 304.61 3,371 8.32 193 |
|---|---|
| 312.93 3,564 |
The above investments are held by the Salisbury Diocesan Board of Finance and the Central Board of Finance as trustee for the PCC. They are held in accordance with the terms of the particular trust investment.
| Valuation | Valuation | |||
|---|---|---|---|---|
| 31/12/2024 31/12/2023 | ||||
| £ | £ | |||
| Chancel Fund 134001567S | 7,235.88 | 6,885.75 | ||
| 3,564 | ||||
| FABRIC FUND | ||||
| Accumulation Fund Shares- Fabric Fund 634158001J | ||||
| As at 1st January 2024 | 2,469.61 | 29,124 | ||
| Movements in the year | (1,044.95) | (12,323) | ||
| As at 31st December 2024 | 1,424.66 | 16,801 |
This fund was valued at £89,414.76 as at 31st December 2024 (2023:£137,462.69)
| TOTAL COSTS AS AT 31ST DECEMBER 2024 13 ASSETS RETAINED FOR CHURCH USE |
20,365 |
|---|---|
This asset relates to the cost of 22 Church Street.