REGISTERED CIIARITY NUMBER: 1181356 REPORT OF THE TRusfEES AND 15NAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR THE PAROCHIAL CHL41CH COUNCIL OF THE KCCLESIASTICAL PARISH OF ST WILFRID'S STANDISH
THE PAROCHIAL CHLTRCH COLI¥CIL OF THE ECCLESIASTICAL PARISH OF ST WILFIUD'S ANDISH CONTEwfs OF THE FINANCIAL sfATEMENTS for the Yw Ended 31 Deeember 2024 Page Report of tbe Trnitees Indendent Examlner's Report Stattment of FIDan¢ial Adivlties Statement ofFlnan¢lxl P09ition 8 to 9 Notes to the Flnanciai St•tements 10 to 21 Detailed Ststement of Fltt*ntial Artivitieg 22 to 23
THE PAROCHIAL CHLIRCH COUYCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S srANDISH REPORT OF THE TRUSTEES for the Yur Ettd 31 Deeemb¢r 2024 The trutts present their r¢FXFrt with the fllwicial stathents of the Clwity for the year ended 31 Dec¢mber 2024. Th¢ trusiees have adopted the provfftsions of A¢counting and RqIng by Charities." Statement of Reeommended Practice applicable to charitics preparing their accounLS ill accorda[ with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019). OBJECTIVLS AND AcftvrriES Alms and objectlves Si Wilfri'd's Parochial Church Ccrtmcil (PCQ the resF0nsiIlity of c<weratin8 with the incumbenL Rev¢rend Canon Andrew Holliday, in promoting within the eccl¢si&stT¢al parish. the wIle mission of the Chur¢h. pasloral, bocial and e¢umeDi¢al. The PCC atso specifically re5ponsiI)le for the tnaiDtenaKe respon5ibiliti&8 of the Church complex and il's grounds the Parish hall of St Wilfrid's. Stsndis Commltteej: The PCC operdtes thmugh several ¢ommitteffj which meet between full netingS of the PCC.. StaDding Comjnittee: This is the only committee required by jaw. It has power to trasa the busine&s of the PCC between its meetitigs. subject to any dire¢tions gÉv¢n by the Council. Events Commlttee The Commiiiee ¢xists o promoie fund-raising in the Paris enabling as it does the 50¢ial aspwt of parish life. an expr¢&sion of mi&sion and ministy. The number of events in the l&st iwelye months have broughi us iogethLY in variety of way5 and h&$ b¢eD apprcciated by all have attended than. Focus Group This Group co-exists with the PCC to address the wlhole area of mission and ministry. By this it is made up of lay and ordained members io help guide our mt%8iOtL and ministy. It is planned io develop this in the coming 12 months. Stew8rdshlp Commlttee The Group has coniinued to meet to refleth on the impoct of the steWardth Campaign ID Septrmb¢r 2023. They have reflected on the impact of the caTDpaign with due care to wish incotne and expenditure. It is planned io monitor this once again in the ¢orDing year aod to Put ID place literature asking for the ¢ongre8ation to look again at their commitment financially. Siewardship also embrac the enonnous amount of voluntary WOTk for the benefit of the parxsh that reylar membe[¥ briDg for the baKfii of the mi&sion aod miDiStry of St Wilfrids Churdl Standish. Safeguardlttg Report- 2024 National Legislaiion aDd Government guidelin¢4 Tequire tb21 all those w0]ng or vohmteering with Children. young people and Yulnerable adults should comply with Safeguarding Policies and Pra¢tice Mthi¢h are written to ensure an organi8ation complie5 with its legal and moral obligaiiotts. Si Wilfrid's PCC has adopted the Blackburn DiiK¢san poliey. IAthich deVel(d by the House of Bishops for all ChLtreh of England Pari5h¢s. We are required as a Parish tt) cotnplete a Safeguarding AudiL which show5 areas of go(xl practice already in place and areas of ongoing planning and implemelltation. this teen done. Any group using our church premtw whdher a church group or noL musi comply with our policy. Church organisations with a group sponsored by St Wilfrid'5, such &$ the Church Lads and Girls Brigade. must have their own Policy in place. Non-churth org8nisation& and groups whi¢h hire our Parish Hall, must ttlso have tbeir own Policies in place and are provided with a copy of our Policy, in whi¢h this is clearly 5taieiL and they must sagn to acknowledge receipt of this. For our church groups we now have SyS*ms ia place to be able to idenufy. recniiL ti3iD and monitor all those Workin Yolunteering with childretL youDg people. and vulnerknle adulK to keep our Church COnunity safe frorn horn1. Working towards this has involved.. apwinting a SafeguaTding a Safeguarding OtTiGer. making Dibclosure and Barring checks. on all worker4 Volunt arranging traminE ID s&feguardthg' introducing voluntrer agreements; and writing risk a&4¢ssments for all activilies. Page I
THE PAROCHIAL CHbRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH REPORT OF THE TRUSTEES for tbe Year Ended 31 Deeember 2024 Report of the Trustees (Cont'd.-) Healthy Cbureha Tran8fonnSng ConmiurritieL (Dio¢euD VS110tt 2026) RemlndeT to all- The Safeguardin8 ExTrlicy is alIable in the church porch or on the notice in the Paish H&ll. With it are fornis to record any concerns you may have over a child or athilt if so, wkn tts contsct. We now have in the Parish a dedicated e-mail aT mobile telephone; ddails publisheJJ on the weekly llO¢i¢¢ sheeL 'Safegu*rdlng 1$ ¢v¢ryoDe'.RepDrt of the Trnltees (Cont'd_ Church AttendaDee There are 307 parlOnerS on the revised Church Ele¢kn&l Roll. 2025 the creating of a 'De Electoral Roll in which all wish]ng to be ¢)n the electoral roll will be required to apply 0£ moye. The annual (ktober Parish Statistical Retum to the Diocese been carried OUL IprIncipal seryices for Easter and Christll$ and other spe¢ial o¢¢a5ion5 in the year w¢re Tecorded. The data collected sknws. sadly, a sm811 deuease in Chur¢h attendance. I record my sincere thank5 to a group of paTishioners who have ellabled to live-styeam from Church. Fresh Expressions ofcbureh We have continued to redch oul to our younger families with our serviee'saturdaycth. 4, on the Saturday of each month. The style of worship is mu¢h mor¢ rclaxed infomial by nabjre. We h¢)tt that we sball contillue to reach out to young people and the'missing generdtioDS' at ChuTcIL We cottstantly review the style. the materlals enttbling us to b¢ proactive in our mi&8ion and mini81ry. Review of the Yr 21124 The PCC has mei. in persthL 8 times Ituring this last year. The averng¢ attendance at meetings has been goo COTJsid¢ring the demands made oll u5 oll. Severnl committees have lth¢¢n meelings of the PCC alld reports from them have been discussed by the PCC. Durtng the last year, the PCC has discussed and attended to several areas. among them.. - We are registered as members of the PCC member5 1$ Trustees with Charitable ststus with th¢ Charity Commissao appropriately details have been updated throuBbout the year. The PCC eolltinues to have oversight ol the John Atherton Legacy {now.' John Atherton Tn¢). work coniinues to onitor the investhient wrttolio. The Tnle¢S of the now Athertoll Charitsble Tn1 are: Mr. Philip Bachmayer clo Vincent & Co Soli¢iior& Mr. Peler IA>Dnelly. Mr David JohThson. and the Rector. W01ng alongside our Financial Advisors the investment ponfolio has continued to llLak¢ gains its invesunents. - The ChUrChwarder and Incumbent who had becorne executors of the Spencer Estste hav¢ ¢oniinued to mallage the monieb fro the Esthtr io the benefit of the work of the Parish Church. - The PCC. through th¢ named Tntstre& colltiDU¢S to care for the Grammar School Tru5L We continue to work with M & G Investments who hold the financial tfOliO. Following our negotiation yryth M & G InV¢sImen the TnteeS now have full oversight of the finallcial W0110 with quartuly reports and updates. - The PCC continue to served by our FiDan¢¢ & A(Imioistrative Manager and their colleague Parish Athninistration Officer. - Day to day items of continuing care of the Chu the statytory asp and the general day ty day maintenonce which have includcd.. The PCC have continued to WO through iiems raised by our last <]qUeI&l Report 2019. The new QuinquenDi41 Report written at the end of this reporting year will forni the b&sis for our [q for 2025. . Routine servtcing and testing of the knilejx fre extsDguiskn. intruder alarnL cl¢xk and rtable applian were canied out. Leaves and mo&s were cleaDed frotll the roof and drainage gulleys cleaDe . Various blocked spts and drains were cleaTryI. - Gravestones have lyen checked and tlKw in immediate danger laid fia( oth¢r5 bave been identified for futstre attentaoD. - The Churehwardens have Carried out their UF#Jak of the Terrier and Inventory. - The LogErf)ok is up to dale 7th works on the Church and in the Churchyard . Updated our regi5t¢r of k¢yhol(l¢r3. Page 2
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARtSH OF ST MryLFRID'S STANDISH REPORT OF THE TRUSTEES for the Year Ended 31 De¢emb¢T 2024 Report of the Trustees (Cont'd_.) . Our Fire 01Ccr has wried out their annual inspeciiry rordS are k4)t Ètk the Parish Offi¢e. Our Policy was last updated in May 2022. - Reviewed our fee structure for W¢dding5 aTbl Funeral (this is all atmual r¢view)- a tabl¢ of th¢ fees is available in thc Parish Office. . We reviewed our Communion As5is¢ants and Some new pw)le to be part of the Team. - The PCC continue to use Trim & Pn)per caTe for the Churchyud. - David Wells Organ Budd¢rs continue to care for th¢ Orgaty tuning it at regular times throughout the year. Chur¢hes Together in Standish has Continued to meeL the Week of Prayer for Christian Unity w&s rna here xt Standish Methodist Church and well Support by all memkn churc1. We once again 5UPPOrted the events of Churches Together in Standish, eSCIallY the'¢an collection. at Christmas for th¢ Brick ProjecL events around Advent and Iknt. - A substantial project for the PCC. and tbe whole Church Community. was the WO through the launch of the Save Standish Spire Appeal. Through the considcrdble work of the committee. made up of PCC members and member8 of the wider community, the Group ha5 w9d tirelwly thmllghout this last year enabling many events to take place. In response io various fornis of literature the wider community I been Yery generous in their Mponse and support of the Ap1. The work of the committee will Continue iDlo 2025. During the yeaT we were successful with our bid to the NLHF and the consulrant appointed ooniinues to work with us to ovetsee the outwmes of thai Gr¥nL Alongsid¢ the other day to day a¢tivities this has been anotkn kny year for the COU11 and my thank5 are expressed for tb¢iT time and energies for the Eenefit of St Wilfrid'& The Parochial Church Councd con]mend the for the year ending 31st Dents 2024. and its budget for the W¢ are requested, as ChaTity Law states. to stst¢ that memlxr of the PCC receivryj payment for eanyin8 Out their duties in this ]asi fllwi¢ial year. I commend this Annual Report to th¢ Parish of St Wilfrid's, StstidislL ACHIEVEMENT AND PERFORMANCE Investment perfornianee The PCC has a medium tern] in•/esthi¢nt with M&G Inve5thieDts Limiied in a Specialist fund for charities. The value of the invttqthient bas inrre&s¢d from £290,664 10 £298241in the year, an iDcrease of £7,577 (2023 - £6,994 d¢¢rease). This represents an unrealised profil and a 3% inercw in the fimd value. Dividends have been declared in the year of £18230 (2023 - £17J18), Tweseniing a small inuease iti return of 6JV (2023 - S.1) and ther¢fore contnl)utillg general FINANCIAL REVIEW FiDAn£ial po$ltion Income for the year is repittrl at £319292 (2023 - £305,4(P)), r¢presentitig an increase of 5 However, there are mitigating factors behind this stnall irn. In the year the PCC rxeived l¢gxies totslling £65.315. AESO, p1allnl givitkB bas incre&sed by 23•A, which is pleasing. Exp¢nditure on charitsble acuvities has Teduced ty £286.69512023- £302.395). The de£rc&f¢ Teflects the decrewe in utiliti¢& which have gone from £42.305 to £32J61 in the year. Overall in 2024 the PCC has recorded a Sury1 of £40.173. malt) el¢ments being £36.155 unr&4tricted sU1S End0vlent surplus of £5 and £4,013 1rstri¢t&l Page 3
THE PAROCHIAL CHURCH COUliCIL OF THE
ECCLESIASTICAL PARISH OF ST W'ILFRID'S
STANDISH
REPORT OF THE TRUSTEES
for the Year Ended 31 December 2024
STRUCTURE. GOVERNANC£ AND MANAGEMENT
Governing docllment
The PCC is a corpordte bc*Jy esthblished by the Churcb of Ettgland. The PCC operat¢s under th¢ Parochial Chur¢h
Coun¢tl Powers Measure. li is r¢gistereA] with the Charities Commitsion a Charity. in accordallce with the Charities
Aet2011.
Charity eonstlthdon
The PCC constitution includ&% the eJnbth¢nt of a Stsnding and Finance Committee, whose responsibiliti¢s are to
ex¢rcibe any necessary PCC business between meetings. The Stsnding and FiDance Committee's Ctsnstitcd
membeT5bip 15 the Rev'd Canon: ChUrchward. Trcwrer. sretrry pl5 other representative of the PCC.
The tern]s of all PCC sub-CO]Dmittres are reviewed las ll). and a8re&l and their membeA%hip is pInted by
¢lection at the first me¢ting of the PCC following the AnouAJ MeetiDg.
Reerultment and appointjnent of new trStee%
PCC appointhients are made by election the APCM. The pThKess of appointment 15 set oui by the Church
Representation Rules. The PCC membeT5 hold resps1112tsCs including health and safety. discrimination legislatii>n.
child protectton and other legal obligations. Member5 aTe introduced their re5p)nsibilities at the first meeting of th¢
PCC following the Annual Meeiing and all Current procethtr¢s in place are r¢viewed and ratsfied for a filrther yeor.
Related pgrtles
The PCC has one related Charlty, St Wilfrids Church Tn5St (Charity number. 1040472). The aim of which is to
pre%erve, Inaintain and impTove the Church of St Wilfrid's Stsndism the building, th¢ chuhYard and fre8 and
fittings.
Rlsk mgeMent
The PCC recogniw it's rwsibility for D]ana8iDg risk and best PEactice and confomiity to legal obligation8
in all areas of ¢hurch life. including.. physi¢al risks to the health alld safety of volunteer4 and users. flnanciat risks
through commercial activity and inN'estment. the th"lapidatlOD of buildiDg4 personnel issues including loss of people
with k¢y skills and the safeguarding of chil¢lreD and other vulnerable Fwle. The i&8tses are always considered as part
of the decision-making pro¢e&s according to their relevance. and measures taken to mitigaie risks through monitoring,
training and regular review. The PCC h&s specific policies relating to these areas thai art reviewed anDually.
Safeguarding
A Safeguarding policy has been apte
THE PAROCHIAL CHLRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST IVR1D's STANDISH REPORT OF THE TRUSTEES for th¢ Year Ended 31 D¢¢ember 2024 Truste Clergy.. Rev Canon Andrew Holliday Rector LLM: Dr Sh¢i]a Fisl)¢r Andrew Salisbury Members: Elizabeth Dear (2025) Peter Donnelly (2025) Jeffrey Gray (2025) Neil Heyes (2027) Brian McGuirk (2025) Eve Martland (2025) Elaine Parker (2027) David Hartley (2025) David Johnson12025) Janet Dickinson (2026) Jillian Hyde Baron (2027) (the APCM 2024 left 3 vacancies for the PCC) Cfropted members.. Stuart Colothatt- Head Teacherof St Wxlfrid's ChuTch of England Primary Academy Deanery Synod members: forthe D¢Xt Iwo yea[5 Andrew Siokes Debbie Parkinson- (Domtoated to tbe PCC meeting 231d July 2024) Rachel Bithk- Inomitiated to the PCC meeting 23 July 2024) Leaving 2 vacancies Treasurer laura HUle All trustees are members of the PCC, they are nominatrf sttonded for election to the COU1] at our APCM. Members are either ex-officio OT elected by the Annual Par(thial Church Medin8 (APCM) in ac¢ordallce with Church Representauon Rules. Indep¢ndeDt Exatnlner J C L¢e¢h FCCA 4 ShevRll8ton Moor Standish Wiga Lancashire OSA Bankers Royal BaDk of Scotland plc Market Street Wigan NVNI IQS Approved by order of the of trustees on....l.i.l.o..3..1.AO 2.S .. and Signed on its khalf by: Rev anon Andrew Holli y- Tn1¢¢ P¢5
INDEPENDENT EX111ER'S REPORT TO THE TRL'STEES OF THE PAROCHIAL CHLRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH Independent examlner'5 repDrt ¢0 the trllitees of The Pwoehll Chureh Counfll of the Eetle8i081ifl Pri¥h of St Wiifrid's Standish I report to th¢ ¢harity tTuses on my examiuation of xcounts of The Pabi&l Church COW11 of the Ecclesi&8til Parish of St Wilfrid's Standish (the TJ) for the yesrended 31 DeLember 2024. RespoDsibllitie8 and bsis of report As the charity trustees of the Tnjst you are ]rSTible for the PTepatation of the accounts in accordance with the requirernents of the Charities Act 2011 Cthe Acl.). I rewin in res[1 of my ¢xamintition of the TrusV5 accounts out under Secuon 145 of the Act and in canying out my examination I bav¢ followed all applicable Directions given by the Clwity Con)missi¢)n under Section 145(5){b) of the ACL llldepeDdent examlner'8 statement Since your chariry's gross income exceeded £250.(MX) your examiner must be a mmber of a iisied iK)dy. l Can confm that l atn qualified to undenake tbe examination Iuse l am a member of the A&qKiation of Chartered Certified Accountant& which is one of the Jisd bodies. I have completed my ¢xamination. I confum that no t[terial matt5 have cotne to my atrentioD in coiiIiection wxth the examinalion giving me cause to b¢li¢ve that in any ItrI resp¢. counting rKords were t1 kept in ]r5pect of the Tn1 rwuiTed by Section 130 of th¢ ACL. or the a¢¢ounts do not accord those records.. or the accounts do not comply with the applicable rwiremettts Concer the forni and cimteDt of accounts set out in the ChaTities (Accounts and Rem) Regulauons 2(M)8 other than any requirement that the accounts give a Irue and fair view whAch is not a matter coL$i &$ part of an inde1 examinatio I have no concerns and have come acro&8 Do other maners in Connection 1th the examination kn which atteniion should be dram in this rewrt in order to enable a proper undersiandiDg of the aceouots to be reacb¢d. C. Ctsr J C Leech FCCA 4 Shevington Moor Standish Wi8an Lancashire WN6 OSA Date.. Page 6
THE PAROCHIAL CHIIRCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST ITrILFRID'S STANDISH STATEMENT OF FII%ANCIAL ACTIVITILS for the Ye*r Ended 31 Deeethber 2(124 2024 Total Unrestrieted Restricted EndowJDertt funds fund 2023 Total fimd5 Not¢s INCOME AND ENDOWMENTS FROM Donatiolls and RegleS 151.662 38288 189.950 181.243 Charitablt aetlvities Clwitable aetivities 105.154 105.154 103202 Other trading aciivitiG5 Investment in¢ome 2.445 2,445 2.135 Tot 279 286 38288 317579 EXPENDITURE ON Charitable activitl Charitsble activiues 238.171 5.465 243.636 263,173 Other 41.346 Total 279 517 5.465 302 Net gaIn{lOesI on investments 7577 NET INCOMEI(EXPENDITURE) 32,823 40.174 (3,980) RECONCILIATIOI¥ OF FUNDS Total funds brougbt fonvatd 799,156 39.055 2.486 840.697 844,677 TOTAL FUNDS CARRIED FORWARD 806.502 880.871 840.697 The noies forni part of these financial ststements Page 7
THE PAROCHIAL CHURCH COU.NCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S sTNDISH STATEMENT OF FINAIYCIAL posrrioN 31 Dec¢mber 2024 2024 Total fimds Unrestricted Restricted Et)dowment fithd5 2023 Totsl Notes FIXED ASSETS Tangible assets Investhients 434,877 298.436 12 434,877 298.436 426,143 290 859 733J13 733.313 717,(X)2 CiIRRENf ASSETS Debtors Cash at bank 13 3246 92 3.246 272,363 177.321 11,123 118 217 95.797 177J21 2.491 275.609 129,340 CREDITORS Amounts falling due within one year 14 (22.fAJ8) {105,443) (128.051) (5,645) NET CURRENT ASSETS 71,878 2.491 147 558 TOTAL ASSETS LESS CURRENT LLIBILrriES 806J02 71.878 2.491 880.871 840.697 NET A&SETS 806.502 71.878 2.491 880,871 The notes forni part of these fi[wla1 ststements Page 8 ntinued...
THE PAROCHIAL CHLTRCH COUYCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S srANDISH STATE.MENT OF FINANCIAL posrrIoN- nI1ed 31 Detember 2024 FUNDS Unre5triCied fithds: General fvnd Restricd fid&". Flower fimd Choir and Musi¢ fund Youtjg peopl¢ fund Churchyard MRssion and Ministy Wiifs warm spaee 15 806,502 799,156 3,767 3.826 3.242 30,443 30,0(MI 3,394 1,976 3,242 30,443 71.878 Endowment nds. Endowment funds 2.491 TOTAL FUNDS 880.871 840 697 The financial statements were approved by the Board of Tntstees and authorised for i&sue on i.1.]..o....i.l.Q..L%........... and were sigwl on its behalf by.. Mrs Kathryn Ashton- Trwstee Mr Andrew Salisbury- T The noles forni part of these stst¢mts Pa8e 9
THE PAROCHIAI. CHLTRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WTLFRID'S STLNDISH NOTES TO THE FINANCIAL STATEMENTS for the Yur Ended 31 Deeember 2024 ACcoUrING POLICIES Basls of pr¢p8rlng tbe finaDelai ¥tatern¢nts The financial ststements of the chan"ty. which is a public iDefit entity under FRS 102. 1]ave been prepaTed in accordance with the Chariiies SORP (FRS 102) 'Ac£ounting and ReEMTrrting by Charities.. stament of Recommended Practice applicable elwitie5 PTeparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of ITeland IFRS 102) (effective l January 2019),, Fanancial Reponing Stsndard 102 Tr FitwKial ReFMTrning Stsndard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The fmancial 5talemellts have been prepared under the historieal cost onvelltion. with the excep¢ion of investtnents which are included at market valDe, as modified by the reyaluation of ¢enain a&w. Th¢ charity has thken advantage of the followitig disclo exemption in preparing these fm8n¢ial ststement4 &5 perniitted by FRS 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Ststement of Casb Flows. Income All inc¢)me is recognised in th¢ Stement of FinaDcial Adivities once th¢ clwity has entitlement to the fid& it is probable that the itiCOD)e will be ffceiycd and the am(MJDt can be measured reliably. Expellditure Liabilities are recognised a5 expenditure as s(x)n as there is a legal or constru¢tive obligation committing the charity to that exw)dityre, it is probable that a traDsfer of tt(momic benefits will be requir¢d in settlement and the amount of the obligation can be measured reliably. Expendintre is accounted for oa an aClS b15 and has been cla&8ifi¢d under headings thai aggrege all cosi re]ated the category. Where costs cannot be dire¢tly attrfftbUd to particular headings they have been allocated activiiies on a basis nsISteni with the use of TaDgible fixed sgets Depreciaiion 15 provided at the fouowing annual rates in order ts) write off C over its estimated useful life. FixtUTes and fitting5 Computer equipment 25°A cost 50% on w5t Taxation The charity is exetwjt from t&x on ils clwitable a¢tivitie& Fund eeounttDg Unrestricted funds be used in accothce with the ¢trtaritabk obJectiv¢s at the discretion of the Irustees. Re5tri¢ted funds call only be US f(K particular rEstrictyJ putposes within the objects of tbe charity. Restrictions arise when 5pxified by th¢ donor or Twhen fimds are rnised for particular restrscted putwses. Further explanation of the nattwe and PUTFW)se of each fund is includ¢d in the to the financial statemenL8. InvestmeDts Investrnents are valued at cosi any impairnienl as at 31 December. but only down to the protected capitat invested. Any gains above this threshold is taken the Stst¢meDt of Fanancial Activities on an unreaiised basis. Pension eosts 8nd otber post-rettrerneDt benefits The charity operdtes a defed contribution pen5iOD xheme. Conthl)utioDs payable w the ¢haTitys pension scheme are ch8r¥ed io the Sta¢emellt of Financial Activities in the peri(Mt to which tbey relate. Page 10 eODtinued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST IITLFRID'S STAI%DISH NOTES TO THE FLNANCIAL STATEMENTS- e04thiued for the Year Ended 31 De¢emb¢r 2024 ACCOUNTING POLICILS- Continued Consecr*ted and benefieed property Conse£rdied and benefice property is excluded from the accounts by s.10 (2) of the Charities Act 2011. No value is placed on moveable church fimllshings beld by the church wardeEL% on special trust for the PCC and whieh require faculty for diswthl, sinc¢ the PCC considered this to be inalicnabl¢ pr(yerty. All ¢xpendiwr¢ Incued during the year on cott£ecr or benefi¢oJ ljuilditigs attd moveable church furnishings: whether it be mainrenance or improi'emeDC is written off iti the Statement of Financial Activitie4 except those clearly id¢niiftable a55ets regarthg the P8risFL H1. DONATIONS AND LEGACIES Don#tioD$ •nd leyeles Total Total fuDd$ Unrestrict ods Restrleted funds 2024 2023 Tax effleient giTriDg: Planned giiing Colle¢tiolls Income tax Te¢ov¢rdble via Gift Aid 60J78 20,435 60,578 20,435 49,917 20,452 12.858 12.858 14,875 NOD tax efflelent regular glTring: Plallned giving 8261 8261 6,039 Other doD4tl•lls: Speciat collectioDS Other dottatsons t£gacies Flower fid Choir and music fimd Churchyard fund ¢knJations Other IDconie: Warni space grant Ground rents Wilfs warm space National Lottery grant lJ52 10.899 lJ52 10.899 65.314 2,lJ3 1.850 2.617 500 62.049 19.990 2,363 860 3.193 30,652 2,133 1,850 2,617 3.053 151.662 38288 189.950 181243 Pagell continued...
THE PAROCHIAL CHLIICH COL'IICIL OF THE ECCLESIASTICAL PARISH OF ST .[LFR1D,s STANDISH NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued for the Yer Ended 31 December 2024 OTHER T114DING ACTivrriES 2024 2023 Fundraising activities 2.445 2.135 INVESTMENT INCOME 2024 2023 Other fixed invest- Fll Deposit accounl intcr&st 20,025 20,030 INCOME FROM CHAIUTABLE AcnvrriES Cbaritble aedvitics Total funds Total fuDd5 U4mtri¢ted ruDds Restrieted fknDd¥ 2024 2023 Fees- weddings and nerals Fees. baDns aDd certificates Fees- crematorium Merchandise, copying Parish hall- re use of hall Partsh Ihall other doDaiioDs Social events 54.703 54,703 54,320 396 4,514 264 29,105 396 4.514 264 29,105 153 2,420 140 27.945 2,086 16.172 105.154 105 154 1113 Page 12 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST IIqLFRID'S STANDISH NOTES TO THE FINANCIAL STATEMEN15- eollthiued for the Yer Ended 31 D¢cember 2024 CHARrrABLE ACTIVITIES COSTS Charilable act5¢ eo8ts Totsl funds £2024 Totsl f4Dds Costs of geMtratln8 funds: Parish Ha]1 ¢xpets Magaine costs Special colltrti¢)rts ial committeeexp#Js¢5 £21123 20.444 1.035 1210 4.159 20.444 1,035 1,210 4.159 14,967 2.166 1,321 All mlsjloth glvlng *Dd drItsb1e gr#nts: Chwitsble giving ChAritable getlyllkn: eson parish share Director of rnusic and orBattists fcts SubscThptioTrs Wedding and fun¥ costs Maintenance aNI rqy&tr costs InsurBn¢& Sei¢L itans Flower fvnd ¢)Sts Mission and ministy Edu110 Ch(>ir dnd music fund ¢ts Monuments 108.897 8.054 1,733 14,753 7277 10.681 820 108,897 8.054 .733 14.753 7277 10.681 820 I.7 652 7,780 1,877 14,041 12,759 10.034 1,302 4,189 1.7(A) 652 765 21269 485 3,735 1,687 20273 765 21269 485 3,053 11.740 7.980 4.899 7,742 Gn)und at fabric LX)SIS Naiional Lottery grani costs Uiiliiits- gas uu1iii- elLK1ricity Utilitits- wat¢T Utilitits- phon¢ D¢prLYialion 3.053 11,740 7.980 4,899 7.742 4,127 23.540 9Jll 1.333 7.921 216788 239 182 TOTAL CHAWTABLE ACfJVITIES COSTS 238.171 243.636 Page 13 continued...
THE PAROCHIAL CHURCH COLNCIL OF THE ECCLESIASTICAL PARISH OF ST MqLFRID'S srANDISH NOTES TO THE FINANCIAL STATEMENTS- COllliDue41 for the Year Ended 31 Deeember 2024 OTHER Other colts Unrestrleted R¢stri(ted funds funds Totsi fullds £2024 Tot81 funds £2023 Other governan¢e nd dmiD eosts: Indep¢ndeni examination Generdl athnin expeL Athnin wag Admin pernsion Ministy and pastl)Tal expe Parsonage houses Legal and profe&sional fees Donations to Trust 400 3.162 20,811 437 2,392 3.036 651 8.304 29 5J02 18,981 470 2.052 3.189 3.757 7.147 48 5.302 18.981 470 2.052 3.189 3.757 7,147 48 41.346 41,346 TRUSTEES, REMUNERATION AND BENEFITS Thelf were no tru5t¢cs' remuneiation or other benefits for the year 31 Decetllber 2024 Dor for the year ended 31 December 2023. Trn8tees' expeDses Th¢re were no Irvstees, expenses paid for tbe yw eth 31 December2024 llor for the year ended 31 Dernber 2023. STAFF COSTS 2024 2023 Wages and salaries OtIr pension costs 18.981 470 20,811 437 21.248 The average monthly Dumberof entployees during year was a5 fouows.. 2024 Administration 2023 No employees received ¢moluments in exc¢ss of £.(N>. Page 14 eontinu¢d..
THE PAROCHIAL CHLRCH COLINCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH NOTES TO THE FINANCLIL STATEMENIS- ¢ODtlllDed for the Year Ended 31 December 2024 COMPARATIV FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnrEstri¢*d Restri¢ted Endowm¢nt fijnds fimd io. Total INCOME AND ENDOWMEM FROM Donations and legacies 178,020 3223 181.243 Charitabl¢ actiwities Charitsble actiTrrilies 103202 103202 Other trading a¢tivities tllV&8tment in¢om¢ 2.135 2,135 Totsi 302 177 EXPENDITLTrE ON Charitable activitie5 Charitsble activities 250289 12.884 263.173 Other 39 39 Total 289511 302 395 N¢t gaiu(lO&S£s) on invcsttD¢n 6.994 I%ET 1SCOMEI{EXPE)DITiIRE) Transfers between fuDd5 5.672 5202 (9.6611 (3,980) Net movement in funds 10,874 (14,863) (3,980) RECONCILIATION OF FUNDS To1 funds brought forward 788282 53,918 2.477 844.677 TOTAL FUNDS CARRIED FORWAIU) 799.156 39.055 2.486 840 697 Page 15 continud..
THE PAROCHIAL CHURCH COUICIL OF THE ECCLESIASTICAL PARISH OF ST 1TrILFRID'S STANDISH NOTES TO THE FINAISCIAL STATEMEYTS- eontinued for th¢ Ye*r Ended 31 Detejnber 2024 li. TAI¥GIBLE FIXED ASSETS Fixtures Fyeeknid Computer equipment fitiings Torals COST At l January 2024 Additions 412.990 34.719 12.308 .485 553 449,194 At 31 De¢embcr 2024 462 055 DEPRECIATION At l January 2024 Charge for year 21.566 1.485 277 23.051 4.127 At 31 December 2024 25.416 NET BOOK VALUE 31 December 2024 412.990 21.611 276 434,877 Ai 31 Decemb¢r 2023 412.990 13.153 426 143 12. FIXED A&SET INVESTMENTS Listed investments MARKET VALUE At l January 2024 Revaluations 290,859 At 31 December 2024 298.436 NET BOOK VALLE At 31 December 2024 298.436 At 31 December 2023 290.859 Th¢re were no investment a&sets outside the UK. Cost or valuation at 31 DecenaJ¢r2024 is repres by.. Listed investments Valuation in 2019 Valuation in 2020 Valuation in 2021 Valuaiion in 2022 Valuaiion in 2023 Valuation in 2024 Cost 12.737 (58,3471 37,167 {17.557) {6.994) 7.577 323.853 298.436 Page 16 contillU...
THE PAROCHIAL CHI',RCH COLI¥CIL OF THE ECCLESIASTICAL PARISH OF ST M'ILFRID'S STANDISH NOTES TO THE FINANCIAL STATEMENTS- eODtknue ror the Year End 31 Def¢mber 2024 12. FIXED ASSET INVESTMENTS- coDtIDlled Investment is Ulade from the prior sale of a properry and ts managed by M&G Investments Limited to provide Iinrestricted in¢0e to the cljarity. The charity holds 20255.454 units in'charifimd aryd ai 31 D¢¢ember 2024 the investmeDi has be¢n revalued upwards to £298,241 (2023- £290,859). The 5vbsequent gain of £7577 (2023 - £6.994 loss) has been reflected in the SOFA. The ¢haTity also holds investments with Central Board of FiDan¢e (of C of E) Iniesttnent fill for £101.95 (Miss S E Edwardson legacy) and 12.50/0 Treasury stock 1993 for £109.12 (Thew legacy). The value of these combined funds renll11 un¢hanged at £195 in the year. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 13. 2024 2023 Other debtors Gift aid Prepayments 4.611 3,909 3246 3,246 11,123 14. CREDrfoRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals and deferr income knrued expen5e5 105.443 22.608 128 051 15. MOVEMENT IN FUNDS Net movemeni in fun<L% Ai 31112124 Ai 111124 Unrestricted fllDd8 Generdl fund 799,156 7J46 806.502 Restrleted flld$ Flower fund Choir and music fimd YOLu people fund Churchyard Mission and Ministy Wilfs warni 4)ace 3J94 1,976 3.?42 30.443 373 1.850 3.767 3.826 3.242 30,443 30.0(X) 30,1 600 39,055 32,823 71,878 Endowment fulld8 Endominellt fi 2,486 2.491 TOTAL FUNDS 40.174 880871 Page 17 conttnue(L..
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST M'ILFRID'S srANDISH NOTES TO THE FINANCIAL STATEMENTS- CODtlllued for the Ye*r Ended 31 Deeember 2024 15. MOVEMENT IN FUNDS- contiDued Net movem¢nt in funds in¢hMled in the aix)ve are as follow5: IDcoming Rwurces Gains and rUrCeS expend lo&ses Movement in fimds Unre8trieted fullds General fiu]d 279286 (279,517) 7.577 7J46 Restrlcted fuDds Flower fvnd Choir and music futkd Mission and Mfftnistry Wiifs warnj Space National Lottery Heritage GTat)i 2.133 1.850 30.652 {1.7(A)) 373 1.850 30.000 (652) 3,053 38288 {5,465) EDdowment funds 32.823 TOTAL FUNDS 317.579 Comp•ratives for movement th fvnds Nei movement between At 31112123 Ai 111123 Unrestrfeted funds General furyj 788282 5,672 5.202 799,156 Restrleted fwids Flower fund Choir and music fund Young people fiu Ans festival Chur¢hyaTd 2J39 4.851 1,675 9.650 35.403 {1.826) {2,875} 2.881 3.394 1.976 3,242 1,567 {9.650) 4,9(rf) 30.443 53.918 (9,661) (5202) 39.055 Eldowment funds Endowment funds 2.477 2.486 TOTAL FUNDS 844.677 3,980 840.697 Page 18 ltinued..
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S srLyDISH NOTES TO THE FLNLNCIAL STATE,MENTS- ¢outinued for the Year Ended 31 Decemb¢T 2024 MOVEMENT IN FUNDS- eontinued 15. Comparative net movetnent in fimds, included in the aknve are as follows: IoI1ng Gains aDd Movcm¢nt fiEnds Unrestricted funds Gen¢ral fill 302.177 (289Jll) (6.994) 5,672 Restricted funds Flower fund Choir and musi¢ fi1 Churchyard 2J63 860 (4.189) (3.735) (1,826} {2,875) Elldowment fDnd5 EndouThent funds 3223 {12,884) (9.661) TOTAL FUNDS 305.409 302J95 6.994 A current year 12 months and pior year 12 ryK)ntlL% combined F*)SiliOtt is foll Net Transfers between At 31112124 At 111123 Unresirieted funds General fill 788282 13,018 5202 806,502 Restricted fuuds Flower fid Choir alld musi¢ fimd Young people fund Arts fe%tiYal Chuwhyard Mi&sion and Ministy Wiifs warni space 2J39 4.851 1,675 9,650 35.403 (1,453) 11,025) 2.881 3,767 3,826 3,242 1.567 (9,650) (4.96A)) 30.0(MI 30.443 30,IXKI 6(M) 53.918 Endowtnent Endowmeni funds 23,162 (5202) 71,878 14 2.491 TOTAL FUNDS &14.677 36.194 880.871
THE PAROCHIAL CHL'RCH COIThCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STAI%DISH NOTES TO THE FINANCIAL STATEMEN15- ¢ontinu¢d for tbe Year Ended 31 Dertmber 2024 15. MOVEMENT ll¥ FUNDS- A current Y 12 months and prior ye4r 12 months wmbIa net mov¢ment in included in the th)ve a as follows.. tncomiog Resources Gains and Movement in funds Unrestrleted fwidJ General fund 581,463 (569,028) 583 13,018 Re5trif ted funds Flower fijnd Choir and fund Churchyard Mi&sion and Ministy Wiifs Wa space National Lottery Heritage GTani 4.496 2.710 15,949) (3.735) (4.9fA)) (652) (1.453) 11,025) {4,960) 30,0(K 30.652 41511 Endowment funds Endowment funds (18J49) 23,162 14 14 TOTAL FUNDS 622,988 587,377) 583 Analyst5 of funds UnrestrSeted Endowment TDtalfuTrds Fixed &&sets Current ass¢ts Current liabilities 733.313 95.797 733,313 275,609 128,051) 177J21 105.443} 2.491 806,502 2.491 880.871 BalaDCCS 1.1.24 Movem¢nts 799.156 7346 39,055 2.486 840.697 40,174 Balanc 31.12.24 806.502 71,878 880.871 Deyignated fndS The T$t5 have identified requir¢tuents to set &side desigDated funds foT the following expenditure from a) The COIF reserve is desiled specifically for the Parish Hall fun this is £19.488 (2023 - £18,539) bui is not restricted within thoK fiuwls. li would k the inteniion to d¢signate all of this amount for the Parish Hall and Flower nds. Page 20 Continued..
THE PAROCHIAL CHLTRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST M'ILFRID'5 STNDISH NOTES TO THE FINANCIAL STATEMENTS- ¢onthiued for the Year Ended 31 Deeember 2024 MOVEMENT IN FUNDS- eontinwed 15. Resticted fulld Funds shown restri¢ied a for specific PU1[5 only aryl caunot be UnTestsi¢te4J for the general ruDnin8 of the church.These tend ts) be fillKled by public donatio& specifically for this we. Charlty free reserve These are the free resetves of the Chb, being neither restricted nor deSDad. were £787.014 (2023 - £780,617). This is in line with the PCC reserves FxTrlicy and deemed adequat¢ IO Cary approximalY 6 month worth of ruti1g costs for the church. EMPLOYEE BENEFIT OBLIGATIONS The cl]arity operates a defID CODthi)ution pension scheme. The of the scheme are held separately from those of the charity in independently administered fi. Contributions to the scheme amounted to £470 (2023 - £4371 and at the year end there were £97 (2023 - £971 of utyid c0ntnlt1Ons. OTHER FINANCIAL COMMITMENTS 17. The PCC is reSp)le for rwJuiDg of awrch compkx of St Wilfrid's Church. thwin8 2024 the Church Mmitd to the r¢buildillg of the Church spire following sp¢cialisd advice. Following a successful arn)li¢ation to the National Lottery Heritsge Fund these WO are %heduled to be completed io 2025 aj are fully ¢osd for. ID DeceTnber 2024 the Quinquennial rert was published. This surnn works be compl¢ted in the short to medium lern] around the ChUh building and Peace Gate. This will k fiu)ded by St Wilfrld's Chureh Tntst (Charity No- 1040472). RELATED PARTY DISCLOSURES 18. tring the year the PCC has received fi]D¢Ls that is due to be paid over to the Trusi at the yr end. As at the year end £13.(M)212023 - £4,611 due from the Tn1) was du¢ to the Trust from the PCC. Page21
THE PAROCHIAL CHLRCH COLTNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STLNDISH DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Yer Ended 31 Detember 2024 2024 2023 INCOME AND ENDOWMEiYrs Dtsllatlons aDd leg¢ies Tax efficient giving Gift aid ttgacics Other regular giving Other (lonations Restricted fund donations Nationol Lottery Heritage Fund 68,839 12,858 65J14 20.435 14.116 5.335 55,956 14,875 19.990 20.452 66,247 3,723 189.950 181.243 Other tradlDg activltles FundraisiDg activities 2.445 2.135 Investment IDeome Other f]xed a&set invest- FII Deposit account interest 18.829 20,030 18,829 Ch#ritable aetii'ities Weddings and funerals Parish Hall donations Social events Sundrie5 and book5.¢¢ 59.613 29.105 16.172 264 56,893 30,031 16.138 140 105.154 103 202 Total incomlng TOUrceS 317,579 305.409 EXPENDITURE Ch*rltable a¢tivltAe8 Donations and ¢haritable giving Honoraria and music director Parish share and a&sign¢d fee Church nmning expen Utility costs Magazine costs Gardeners contracts Ground and fabric costs Education Charitable giving Mission & Minastry National Lottery Heritsge Grant ex1 Carried foThYard 510 8.054 108,897 63.092 32,361 1,035 21.269 484 lJ21 7.786 111,016 68.047 42.305 2,166 20273 4.960 2.081 652 3,054 239,509 259.955 This page noi forn) pwt of the ststhtory financial thtemellts Page 22
THE PAROCHIAL CHL:RCH COLTr'CIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH DETAILED STATEMENT OF FllNANc ACTIVITIES for the Yr Ended 31 Deeember 2024 2024 2023 Chritble attivltles Brought fonvard Fixtures and fittings 239,51J9 4.127 259,955 3218 243.636 263.173 Otber Wages Pensiotjs Independent exaTDjnation Generdl eXper¢S Ministy and p&stornl exp¢nsts Parsonage hoLtses costs Trdnsfers to Trust 18.981 470 20,811 437 400 3.842 2.392 3.036 8.304 9.107 2.052 3,189 Totsl resources expended 284 982 302 395 Net Income before g8lns and losses 32.597 3,014 Reali5ed recogDiSed g#iDS *nd 105ses Realised gainll1os} on fixed a&%ei itLY¢stsnents Net incontel(expeDditur¢) This page does not forn) pan of the 5tht0ry financial slaiements Page 23