**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.