# **Annual Report and Accounts for the Parochial Church Council of All Hallows Leeds for the year ending 31 December 2023** 

## **Registered charity number 1184558** 

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**Contacts** 

**Address** All Hallows Church 24 Regent Terrace Leeds LS6 1NP **Priest** Rev Heston Groenewald All Hallows Vicarage 24 Regent Terrace Leeds LS6 1NP **Principal Bankers** CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ **Investment Managers** CCLA Investment Management Ltd Senator House 85 Queen Victoria Street London EC4V 4ET 

## **Independent Examiner** Anna Wiffen 

## **Administrative Information** 

All Hallows Church is situated in the Hyde Park area of inner-city Leeds. It is part of the Diocese of Leeds within the Church of England. The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity, number 1184558. 

The appointment of PCC members is governed by and set out in the Church Representation Rules. PCC members are elected at All Hallows’ Annual Parochial Church Meeting by those members of the congregation who are on the Electoral Roll. All those who are members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC. 

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. PCC members are provided with an induction and are offered appropriate training. The PCC met 10 times in 2023. 

Given its wide responsibilities the PCC has a number of committees each dealing with a particular aspect of parish life. These committees, which include worship planning, building, asylum, Rainbow Junktion, are all responsible to the PCC and report back to it regularly with updates of their decisions being received by the full PCC and discussed as necessary. 

PCC members who have served at any time from 1 January 2023 until the date this report was approved are: 

|**_Ex officio member_**|Heston Groenewald - Parish priest|
|---|---|
|**_Elected members_**|Richard Barton (Until May 2024)|
||Penny Brown – Safeguarding officer|
||Tim Burt (Until May 2024)|
||Graeme Hay - Churchwarden|
||Ruth Hutchison|
||Hannah Langdana|
||Paul Magnall|
||Nathan Smith (Until May 2023)|
||Adriaan van Klinken|
||Emily Harris (From May 2024)|
||Pauline Fleck (From May 2024)|



_**Secretary (non-member)**_ Annmarie Clay 

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_**Treasurer (non-member)**_ Annmarie Clay (from May 2023) 

Members of the PCC are aware of potential risks both financial and otherwise that might occur either in the church or its associated projects. They have taken appropriate action to control and minimise these risks. 

## **Parish details** 

The following details have been obtained from 2018 population update to the 2011 census: 

||**All Hallows parish**|**National**|
|---|---|---|
|Total population|11,198|-|
|Aged 0-17|10%|21%|
|Aged 18-44|78%|37%|
|Aged 45-64|8%|25%|
|Aged 65+|3%|16%|
|Christian|31%|59%|
|Non-Christian religion|23%|9%|



The parish deprivation rank is 1,214, where 1 is the most deprived parish in the Church of England and 12,307 is the least deprived parish (https://arcg.is/0LWOGP0). In 2019 our neighbourhood was ranked 5,933 out of 32,844 neighbourhoods in England, making it amongst the 20% most deprived neighbourhoods in the country (http://dclgapps.communities.gov.uk/imd/iod_index.html). 

## **Aims and purposes** 

All Hallows PCC has the responsibility of cooperating with the Parish Priest, the Reverend Heston Groenewald, in promoting in the ecclesiastical parish of All Hallows, the whole mission of the Church: pastoral, evangelistic, social and ecumenical. The PCC also has responsibility for the church building of All Hallows, and all those organisations and individuals who share our space. 

## **Objectives and activities** 

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at All Hallows. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament. 

When planning our activities for the year, we have considered the Charity Commission's guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through: 

- Worship and prayer; learning about the gospel; and developing their knowledge and trust in Jesus; 

- Provision of pastoral care for people living in the parish; 

• Missionary and outreach work. 

To facilitate this work it is important that we maintain the fabric of the church building. 

## **Achievements and performance** 

## **Loving God: Worship and Prayer** 

Our regular pattern of worship on Sunday mornings continues to bless those who attend, whether in person or via a simultaneous Facebook live-stream. Our regular home groups and Bible study groups continue to meet and to grow. 

We continue to be as diverse and inclusive as possible in our worship, which means a wonderful variety of people sharing their distinctive gifts with the wider community. Worship is occasionally all-age, and we try to maintain a range of prayer and musical styles. 

In 2023 our Electoral Roll numbered 83, and well over 100 adults and 20 children consider themselves part of the All Hallows family. Our worshipping congregation continues to grow at a steady, sustainable rate. Live-streaming our services has enabled us to reach a larger number of people from around the city (and the world!) which has helped to spread All Hallows’ work and witness. 

Our pattern of joint worship with the ‘Headingley and All Hallows Team’ churches St Chad’s and St Michael’s, continues to develop. 

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## **Loving Ourselves: Pastoral Care and Ecumenical Relations** 

We are a very sociable church, which helps our pastoral life to be naturally inclusive. Our ‘Rainbow Group’ intentional friendship/pastoral care system has continued to develop through the year; this has found traction with some but not all, and in different ways for different groups. 

We equip ourselves pastorally and theologically to support and love our LGBTQI+ neighbours – both within and beyond our congregation. Many people find us through the Inclusive Church Directory. We were thrilled to again welcome The Sacred Wing LGBTQI+ plus allies choir for their Christmas concert. We had a presence at Pride Sunday and our local Pride Parkrun, and remain official supporters of the Campaign for Equal Marriage in the Church of England. All Hallows continues to be a vital LGBTQI+ link between people inside and outside the wider Church. 

We continue to be a Student Christian Movement link church. We work closely with the Universities Chaplaincy and Student Unions at both Leeds Beckett and Leeds universities. We are blessed with growing numbers of students joining in and enriching our worship, café, community and campaigning life. 

We continue to campaign with and support various asylum-seeker friends. Our support includes befriending and accompanying, and raising funds for general and specific financial needs. 

Ecumenically, our friendships continue with URC, Methodist and other Anglican neighbours in Hyde Park and further afield. Our vicar shared or swapped pulpits with various ecumenical clergy colleagues this year. Various neighbouring churches have generously supported Rainbow Junktion, our community cafe and foodshare, with donations of finances and food. 

We continue to host ordinands, and others exploring vocations, for both formal and informal placements. 

## **Loving our Neighbours as ourselves: Outreach and Community Relations** 

All Hallows’ life continues to look outward in various ways. We equip ourselves to engage missionally with daily life, through regular reflections on ‘God with us in daily life’. We campaign in solidarity with various minority and/or marginalised groups; on issues of social and climate justice; and human rights. We continue to root ourselves in the life of our parish, and work hard to build community with and amongst our diverse, fascinating Hyde Park neighbours. 

Our community café and foodshare, Rainbow Junktion, continues to grow and adapt to meet the needs and struggles of our neighbours through the ongoing cost of living crisis. We remain open 3 days per week: serving 3-course ‘Pay What You Can’ eat-in and take-away lunches to 60-100 people twice weekly, and once weekly offering lunch, groceries and household essentials to 240+ households as a non-referral foodbank. We are working with Leeds City Council and various community partners to offer a Warm Welcome Space for anyone who needs it. We continue to host Money Buddies, and signpost to local organisations for issues such as mental health, debt and housing. Our Friday night Bistros are always popular, and we have resumed hosting community collaborations, live music, boardgames, and pop up events of all sorts. More and more neighbours depend on the food and support we offer, and at the same time more and more neighbours offer money and time in support. 

For the ninth year running we shared Christmas Day lunch after our worship service. An inspirational group of volunteers cooked up a storm using intercepted “waste” food which was enjoyed by 200+ people from all around the neighbourhood and the world- including international students and neighbours of various cultures, faiths and backgrounds. 

It is great that use of the building has returned to pre-covid levels, and once again many community groups are making a home under our roof. This includes OWLS (Older Wiser Local Seniors), 10-20 elderly neighbours who come for lunch courtesy of Bramley Elderly Action; Leeds Urban Harvest who intercept surplus fruit from around the city and turn it into tasty juices; choirs; yoga groups and meditation groups. 

Via the Hyde Park Neighbourhood Forum (HPNF), our vicar works with local councillors, police, residents, businesses, community groups and outreach teams at both universities, preparing a local government Neighbourhood Plan, and making Hyde Park a more clean, green and neighbourly place. We host HPNF for 

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consultations and events, and are thrilled to help put their motto ‘We love Hyde Park!’ into action. We also offer our building to our local police for their comfort and for community outreach events. 

We continue to work regularly with various local primary schools, and our vicar often visits schools with friends from local mosques. 

We continue to work regularly with Leeds University and Leeds Beckett University, collaborating with both on the HPNF and for community projects. In partnership with the universities we once again ran a ‘Community Free Shop’, collecting tons of goods ‘wasted’ by departing students, and offering these free to neighbours in need. We continue to host Leeds University Theology and Religious Studies students on annual community placements. 

We continue to build links with our neighbours at Leeds Hindu Mandir, and to work with all three of our local mosques. This includes regular collaborations to bring Hindus, Muslims and Christians together. We are able to share these interfaith friendships beyond our own congregation. This includes interfaith events at other churches; our vicar leading interfaith assemblies at primary schools across Leeds; and contributing to Diocesan Presence & Engagement clergy training days. 

We are a church committed to caring for God’s creation. We have achieved A Rocha’s Silver Eco Church award, and hope to upgrade to Gold as we improve the condition of our building. 

It takes many, many people – staff, volunteers, donors – to make all this happen. We are so grateful to them all for everything they are and do and give to make All Hallows the warm, welcoming community and place that it is. 

## **Plans for the year ahead** 

Thanks to vital funding from our local Councillors and Leeds City Council, National Churches Trust, Benefact Trust, Leeds Church Extension Society, Yorkshire Historic Churches Trust, Wades Charity, the Diocese of Leeds, and many, many generous individuals, we have (finally!) finished replacing our whole roof. We have also installed bike sheds to encourage greener travel, and started work to improve the accessibility and usability of the church garden. We are encouraged that our local councillors, and many local organisations and groups, value and support the work that goes on at All Hallows. We are excited about the even greater opportunities that our refurbished building will provide for increasing our ministry of love and support in the local community. Our focus in 2024 will be working towards sustainability for Rainbow Junktion, improving the outdoor space and investing in the audio-visual functionality of the building. Further details of the life of the church can be found on the website: allhallowsleeds.org 

## **Financial review** 

We are honoured that through the cost of living crisis, giving towards the general works of the church has been sustained, with c£55,000 in giving (2022: c£55,500), ignoring grants and legacies. As more people have faced food poverty, giving towards Rainbow Junktion has increased again this year to c£68,000 (2022: c£56,000), enabling us to distribute more food and support to more people than ever in 2023. There was a large increase in costs of trading with c£56,600 spent on food for food parcels funded via restricted grants (2022: £21,831). 

Life has continued to come back into the church, with an increase in fundraising activities and use of the space with room hire rental revenue, £12,634, almost returning to pre-pandemic levels (£13,260 in 2019). 

In unrestricted general funds income exceeded expenditure by £12,238 (2022: £32,042), lower than previous years as we recruited a new role of Operations Manager in Q4 of 2022 and as we faced rising energy rates in 2023. Due to the spike in UK energy prices, our utility bills almost doubled to £13,876, (2022: £7,114) such that we changed energy suppliers in June 2023, and entered into a 2 year fixed rate contract in September 2023. Our utility bills will fall in 2024. At the end of 2023, we are left with total unrestricted assets of £60,320 (2022: £68,357). 

## Roofing works and grants 

The roof replacement and insulation works were completed in 2023, costing £153,230, in addition to the £284,200 spent in 2022, after many years of fundraising and planning. This enormous project couldn’t have happened without the commitment of so many to this church and its supporters. This required a further transfer of £19,356 from general funds into the allocated roof fund. 

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The majority of grants received, £182,429, went towards the roofing works, £65,000, and food parcel costs, £55,000, with remaining restricted grants received in 2023 for core Rainbow Junktion costs, garden and bike shelter works, distribution among local warm spaces and for live music during the cafe. 

## **Reserves policy** 

It is PCC policy to try to maintain a balance on unrestricted general funds which equates to at least six months' unrestricted general payments. This has been estimated to be equivalent to £30,000 in 2023. Reserves are held to smooth out fluctuations in cash flow and to deal with emergencies. In 2023 the assets in unrestricted general and designated funds at the year end exceeded this by just over £30,000. These funds, and more, will be essential as we meet the remaining costs for refurbishing the church building. 

Approved by the Parochial Church Council on 29 April 2024 and signed on their behalf by the Reverend Heston Groenewald (PCC Chair): 

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## **Independent Examiner's Report to the PCC of All Hallows Leeds** 

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023. 

## **Responsibilities and basis of report** 

As the church’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 church’s accounts carried out under section 145 of the 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. 

## **Independent examiner's statement** 

Since the church’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA which is one of the listed bodies. 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 

3. the accounts do 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. 

Anna Wiffen FCCA 

Ashby Berry Coulsons 2 Belgrave Crescent Scarborough North Yorkshire 

YO11 1UB 

Date: 29 October 2024 

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## **Statement of Financial Activities** 

||**Note**|**Unrestricted**<br>**general funds**|**Unrestricted**<br>**general funds**|**Unrestricted**<br>**designated**<br>**funds**|**Restricted**<br>**funds**|**Total funds**|**Total funds**|||**Total**<br>**funds**|
|---|---|---|---|---|---|---|---|---|---|---|
|||**2023**||**2023**|**2023**|**2023**||||**2022**|
|||**£**||**£**|**£**|**£**||||**£**|
|**Income from:**|||||||||||
|Donations and legacies|||||||||||
|<br>Tax efficient planned giving||36,149||0|21,393|57,542||||46,652|
|Other planned giving||5,720||0|23,427|29,147||||10,645|
|Collections at services||531||0|0|531||||837|
|All other giving||2,815||0|15,490|18,305||||36,481|
|Gift aid||9,752||0|7,581|17,333||||17,049|
|Legacies||1,000||0|0|1,000||||5,000|
|Grants|6|0||0|182,429|182,429||||138,819|
||55,967<br>0||||250,320|306,287||||255,483|
|Charitable activities|||||||||||
|Weddings & funerals||862||0|0|862||||0|
|Rainbow Junktion cafe takings||0||0|7,490|7,490||||7,228|
|Traidcraft stall||36||0|0|36||||363|
|||898||0|7,490|8,388||||7,591|
|Other trading activities|||||||||||
|<br>Room hire receipts||12,634||0|0|12,634||||8,000|
|Fundraising activities||885||0|18,485|19,370||||12,043|
|Other receipts/income||677||0|1,959|2,636||||2,504|
||14,196<br>0<br>20,444<br>34,640|||||||||22,547|
|Investment|||||||||||
|Bank & investment interest||2,300||0|110|2,410||||2,510|
|||2,300||0|110|2,410||||2,510|
|**Total**||**73,361**||**0**|**278,363**|**351,724**||||**288,131**|
||||||||||||
|**Expenditure on:**|||||||||||
|Raising funds|||||||||||
|<br>Costs of fundraising activities||0||0|5,362|5,362||||734|
|||0||0|5,362|5,362||||734|
|Charitable activities|||||||||||
|Costs of trading||0||0|61,461|61,461||||25,492|
|<br>Donations to charities||508||0|4,000|4,508||||2,000|
|Support for individuals in<br>hardship||0||0|467|467||||185|
|Mission & evangelism costs||85||0|0|85||||336|
|<br>Clergy, staff & volunteer<br>expenses||505||0|3,092|3,596||||2,634|
|Parish share||16,579||0|0|16,579||||15,072|
|Salaries|2|8,790||0|46,361|55,151||||39,747|
|Major maintenance & repairs||0||0|165,271|165,271||||284,200|
|Running costs||14,609||0|4,369|18,978||||17,230|
|Utility bills||13,876||0|0|13,876||||7,114|
|Rent||-10,888||0|10,888|0||||0|
|Miscellaneous||105||0|177|282||||596|
|||44,169||0|296,086|340,255||||394,606|
||||||||||||



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|Support costs||||||||
|---|---|---|---|---|---|---|---|
|<br>Management-Wages||14,970|0|0|14,970||6,215|
|<br>Governance costs-Other||1,134|0|0|1,134||0|
|Governance costs - Independent<br>examination||850|0|0|850||810|
|||16,954|0|0|16,954||7,025|
|**Total**||**61,123**|**0**|**301,448**|**362,571**||**402,365**|
|||||||||
|Net gains/(losses) on<br>investments||0|565|0|565||-10,801|
|**Net**<br>**(outgoing)/incoming**<br>**resources**<br>**before transfers and other**<br>**recognised gain/(losses)**||**12,238**|**565**|**-23,084**|**-10,281**||**-125,035**|
|<br>Transfer between funds||-20,088|-75,199|95,287|0||0|
|Other gains/(losses)||-187|0|-48|-235||-249|
|<br>**Net movement in funds**||**-8,037**|**-74,634**|**72,155**|**-10,516**||**-125,284**|
|||||||||
|**Reconciliation of funds:**||||||||
|Funds brought forward<br>1 January||68,357|74,634|68,009|211,000||336,284|
|<br>**Funds to carry forward**<br>**31 December**||**60,320**|**0**|**140,164**|**200,484**||**211,000**|
|||||||||
|||||||||



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**Balance Sheet** 

|**ance Sheet**|||||
|---|---|---|---|---|
||**Note**|**Total funds**||**Total funds**|
|||**2023**||**2022**|
|||**£**||**£**|
||||||
|**FIXED ASSETS**|4|1,287||748|
||||||
|**CURRENT ASSETS**|||||
||||||
|Cash funds:|||||
|CAF<br>Bank<br>All<br>Hallows<br>current<br>account||42,034||73,549|
|CAF<br>Bank<br>All<br>Hallows<br>deposit<br>account||10||10|
|CAF<br>Bank<br>Rainbow<br>Junktion<br>current account||41,112||49,365|
|Skipton All Hallows current account||84,267||46|
|Equals||2,435||625|
|Give A Little||123||215|
|PayPal||136||516|
|Petty cash||97||19|
|**Cash at bankand in hand**||**170,214**||**124,345**|
||||||
|**Investments**|5|**0**||**74,634**|
||||||
|Accountsreceivable||37,632||13,046|
|**Total debtors**||**37,632**||**13,046**|
||||||
|**Total current assets**||**207,846**||**212,025**|
||||||
|**LIABILITIES**|||||
|Trade creditors||7,799||963|
|Accruals||850||810|
|**Creditors: amounts falling due**<br>**within one year**||8,649||**1,773**|
||||||
|**Net current assets**||**199,197**||**210,252**|
||||||
|**Total net assets or liabilities**||**200,484**||**211,000**|
||||||
|**Funds**|6||||
||||||
|**Unrestricted funds**|||||
|Designatedfund||0||74,634|
|General funds||60,320||68,357|
|**Total unrestricted funds**||**60,320**||**142,991**|
||||||
|**Restricted funds**||140,164||68,009|
||||||
|||**200,484**||**211,000**|



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**Notes to the Accounts** 

## **1. Accounting policies** 

## **Basis of preparing the financial statements** 

The PCC is a public benefit entity within the meaning of FRS 102. The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice. 

## **Statement of compliance with prevailing laws and regulations** 

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the PCC and rounded to the nearest £. 

## **Accounting policies** 

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

## **Judgements and key sources of estimation uncertainty** 

The trustees consider that no judgements, apart from those involving estimates, have been made in the process of applying the above accounting policies which have had a significant effect on amounts recognised in the financial statements. 

The trustees consider that no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date have been made which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. 

## **Funds** 

Restricted funds represent either income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest or donations and grants received for a specific object, or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. 

Designated funds are unrestricted funds set aside by the PCC for a specific use in the future, such as a building project. Designated funds remain unrestricted and the PCC will move any surplus to other general funds. 

General funds are unrestricted funds which can be used by the PCC for ordinary purposes. 

## **Comparatives** 

The charity’s grant income classification has been updated for 2022 to reflect the nature of voluntary income. The original analysis of the comparative figures is given in Note 3. There is no overall effect on the total income for the comparative year. 

## **Incoming resources** 

Planned giving, collections, donations and tax refunds relating to these are recognised when received. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are reliably quantifiable. Dividends and interest are accounted for when received. All incoming resources are accounted for gross. 

Investment gains and losses includes any gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 

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## **Expenditure and liabilities** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing PCC to that expenditure and its settlement is probable and quantifiable. 

All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the statement of financial activities. 

Expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the PCC and their associated support costs. 

Support costs are those functions that assist the work of the PCC but do not directly undertake charitable activities. Support costs include administrative and governance costs. Governance costs include costs of the preparation and examination of the statutory accounts, the cost of trustee meetings and cost of any legal advice to trustees on governance and constitutional matters. 

## **Fixed assets** 

Consecrated and benefice property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011. Moveable church furnishings held by the priest in charge and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church inventory which can be inspected. For anything acquired prior to 2013 there is insufficient cost information available and therefore such assets are not valued in the financial statements. 

Tangible fixed assets are stated at cost. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: 

Fixtures, fittings and equipment 25% reducing balance 

## **Investments** 

Investments are valued at market value on 31 December. 

## **Short term deposits** 

Includes cash held on deposit with CAF and other banks. 

## **Debtors and creditors receivable / payable within one year** 

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. 

## **Impairment** 

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. 

## **Staff costs** 

When staff have rendered service to the PCC, short-term benefits to which they are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. 

## **Going concern** 

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. They expect that the income received by the PCC going forward, together with its existing reserves, will be sufficient to enable it to continue as a going concern for a period of at least 12 months from the date of signing of these financial statements. 

## **2. Staff costs** 

During the year the PCC employed 5 (2022: 5) individuals part time: 2 café managers, an operations manager, a church administrator and a cleaner, paid via Voluntary Action Leeds (2023: £70,121; 2022: £45,962). 

## **Trustees' remuneration and benefits** 

Graeme Hay received a gift of the value of £105. No other remuneration was paid to any trustee (2022: £Nil). 

## **Trustees' expenses** 

No expenses were reimbursed to any trustee (2022: £Nil). 

12 



## **3. Comparatives for the statement of financial activities** 

|**Income from:**<br>Donations and legacies<br>Tax efficient planned giving<br>Other planned giving<br>Collections at services<br>All other giving<br>Gift aid<br>Legacies<br>Charitable activities<br>Grants<br>Weddings & funerals<br>Rainbow Junktion cafe takings<br>Traidcraft stall<br>Other trading activities<br>Room hire receipts<br>Fundraising activities<br>Other receipts/income<br>Investment<br>Bank & investment interest<br>**Total**<br>**Expenditure on:**<br>Raising funds<br>Costs of fundraising activities<br>Charitable activities<br>Costs of trading<br>Donations to charities<br>Support for individuals in<br>hardship<br>Mission & evangelism costs<br>Clergy, staff & volunteer<br>expenses<br>Parish share<br>Salaries<br>Major maintenance & repairs<br>Running costs<br>Utility bills<br>Rent<br>Miscellaneous<br>Support costs<br>Management - Wages<br>Governance costs -<br>Independent<br>examination|**Unrestricted**<br>**general**<br>**funds**<br>**Unrestricted**<br>**designated**<br>**funds**<br>**Restricted**<br>**funds**<br>**Total**<br>**funds**<br>**2022**<br>**2022**<br>**2022**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>36,450<br>0<br>10,202<br>46,652<br>4,209<br>0<br>6,436<br>10,645<br>787<br>0<br>50<br>837<br>4,362<br>0<br>32,119<br>36,481<br>9,691<br>0<br>7,358<br>17,049<br>5,000<br>0<br>0<br>5,000|
|---|---|
||60,499<br>0<br>56,165<br>116,664<br>850<br>0<br>137,969<br>138,819<br>0<br>0<br>0<br>0<br>0<br>0<br>7,228<br>7,228<br>363<br>0<br>0<br>363|
||1,213<br>0<br>145,197<br>146,410<br>8,000<br>0<br>0<br>8,000<br>2,341<br>0<br>9,702<br>12,043<br>1,843<br>0<br>661<br>2,504|
||12,184<br>0<br>10,363<br>22,547<br>2,470<br>0<br>40<br>2,510|
||2,470<br>0<br>40<br>2,510<br>**76,366**<br>**0**<br>**211,765**<br>**288,131**<br>0<br>0<br>734<br>734|
||0<br>0<br>734<br>734<br>0<br>0<br>25,492<br>25,492<br>500<br>0<br>1,500<br>2,000<br>0<br>0<br>185<br>185<br>336<br>0<br>0<br>336<br>841<br>0<br>1,793<br>2,634<br>15,072<br>0<br>0<br>15,072<br>9,291<br>0<br>30,456<br>39,747<br>0<br>0<br>284,200<br>284,200<br>13,434<br>0<br>3,796<br>17,230<br>7,114<br>0<br>0<br>7,114<br>-9,470<br>0<br>9,470<br>0<br>181<br>415<br>596|
||37,299<br>0<br>357,307<br>394,606<br>6,215<br>0<br>0<br>6,215<br>810<br>0<br>0<br>810|
||7,025<br>0<br>0<br>7,025|



13 



|**Total**|**44,324**|**0**|**358,041**|**402,365**|
|---|---|---|---|---|
|Net gains/(losses) on|||||
|investments|0|-10,801|0|-10,801|
|**Net**<br>**(outgoing)/incoming**|||||
|**resources**<br>**before**<br>**transfers**|||||
|**and other**|||||
|**recognised gain/(losses)**|**32,042**|**-10,801**|**-146,276**|**-125,035**|
|Transfer between funds|-125,000|0|125,000|0|
|Other gains/(losses)|-249|0|0|-249|
|**Net movement in funds**|**-93,207**|**-10,801**|**-21,276**|**-125,284**|
|**Reconciliation of funds:**|||||
|Funds brought forward|||||
|1 January (as previously stated)|153,136|85,435|84,843|323,414|
|Prior year adjustments|8,428|0|4,442|12,870|
|Funds brought forward|||||
|1 January (as restated)|161,564|85,435|89,285|336,284|
|**Funds to carry forward**|||||
|**31 December**|**68,357**|**74,634**|**68,009**|**211,000**|



## **4. Tangible fixed assets** 

|**Cost**<br>At 1 January 2023<br>Additions<br>At 31 December 2023<br>**Depreciation**<br>At 1 January 2023<br>Charge for year<br>At 31 December 2023<br>**Net book value**<br>At 31 December 2023<br>At 31 December 2022|Fixtures,<br>fittings and<br>equipment<br>£<br>1,890<br>774|
|---|---|
||2,664|
||1,142<br>235|
||1,377|
||**1,287**|
||748|



## **5. Investments** 

|**Market value**<br>At 1 January 2023<br>Realised gain<br>Disposal<br>At 31 December 2023|Unlisted<br>investments<br>£<br>74,634<br>565<br>-75,199|
|---|---|
||**0**|



The church had investments which were held on behalf of the PCC by the Leeds Diocesan Board of Finance and managed by CCLA Investment Management Ltd. The investment values represent the market value at 1st November when sold: 

14 



||**2023 upon sale**|**2022**|
|---|---|---|
||<br>**£**|**£**|
|LSM LAND CAP 126060C CBF IF acc 1370S|36,685|37,042|
|LSM LAND CAP 126060C CBF FISF acc 1063F|38,514|37,592|
|**Total investments**|**75,199**|**74,634**|



The investment funds arose from the sale of land, many years ago. The funds were designated for spending on capital projects, however the investment income generated is unrestricted. As per this designation, upon the sale of the investments the monies from sale were transferred into the Under1Roof fund. 

## **6. Grants** 

## **Movement in funds** 

|**2023**|**Balance**<br>**b/f**|**Incoming**<br>**resources**|**Outgoing**<br>**resources **|**Transfers**|**Gains/**<br>**(losses)**|**Balance c/f**|
|---|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|**£**|
|**Total unrestricted general**<br>**funds**|**68,357**|**73,361**|**61,310**|**-20,088**|**0**|**60,320**|
||||||||
|**Total unrestricted**<br>**designated funds**|**74,634**|**0**|**0**|**-75,199**|**565**|**0**|
||||||||
|**Restricted funds**|||||||
|Under1Roof fund|3,675|65,303|153,230|94,555|0|10,303|
|Outdoor Access Fund|0|14,629|12,041|0|0|2,588|
|Asylum seeker support fund|2,945|1,163|483|600|0|4,225|
|Hardshipfund|1,045|0|0|0|0|1,045|
|Rainbow Junktion fund|43,436|96,837|50,100|0|0|90,173|
|Household support fund|2,723|50,400|52,387|0|0|736|
|Foodshare fund|14,185|2,500|0|0|0|16,685|
|Julia and Hans RausingGrant|0|5,000|5,000|0|0|0|
|Fuel Support Fund|0|3,407|0|132|0|3,539|
|Welcome Spaces Fund|0|11,100|1,600|0|0|9,500|
|Community Organisations<br>Cost of LivingFund|0|26,444|26,444|0|0|0|
|RJ Live Music Fund|0|1,580|210|0|0|1,370|
|**Total restricted funds**|**68,009**|**278,363**|**301,495**|**95,287**|**0**|**140,164**|
||||||||
|**Total funds movement**|**211,000**|**351,725**|**361,956**|**0**|**565**|**200,484**|



## **Description of funds** 

_Under1Roof –_ an appeal was launched in 2017 to fundraise for building related costs. The urgent work required includes a new roof and replacing the windows with double-glazed safety glass. In 2018 all the toilets were refurbished and a shower installed. Members of the congregation have undertaken fundraising activities and have provided one-off capital contributions for this purpose. Grants have also been received and pledged. The new roof was completed in 2023, the remaining balance relates to the roofer’s retention fee. 

_Outdoor Access Fund_ - working with Hyde Park Source, with grant funding from the Leeds Community Foundation, these funds have been used to build bike sheds, steps, garden paths and raised beds to improve accessibility and facilitate sustainable travel. 

_Asylum Seeker Support_ – funds are donated specifically to assist asylum seekers. Some donations are received on a regular basis, others are given in response to specific appeals. Members of the congregation who host asylum seekers can claim a set rate to cover increased household expenditure. Asylum seekers are provided with funds to allow them to get to church, and as specific needs arise. 

15 



_Hardship_ – in 2019 a fund was set up in recognition of the many people within our congregation and wider community suffering financially due to austerity and benefit delays/sanctions. Initially £1,000 was transferred from General funds, and members of the congregation also contribute specifically to this fund. 

_Rainbow Junktion –_ in accordance with Rainbow Junktion’s Terms of Reference, Rainbow Junktion’s transactions are recorded within the church’s accounts as a restricted fund. Rent is paid to the church via a transfer to unrestricted General funds, as a contribution to running costs. Rainbow Junktion receives grants for specific activities, these are accounted for as restricted funds within the café's activities. For further details about Rainbow Junktion see Appendix 2. 

_Rainbow Junktion – Household Support Fund -_ We have received multiple central government HSF grants from multiple sources to go towards supporting households with basic needs such as food, fuel and sanitary products. We are using this fund to distribute food, mainly fruit and vegetables, at the foodshare. 

_Rainbow Junktion – Foodshare_ - Supplementary funds set aside for buying food to distribute at the foodshare. 

_Rainbow Junktion - Fuel Support Fund -_ Funds set aside for supporting local people with their energy bills. 

_Rainbow Junktion - Julia and Hans Rausing Grant -_ spending restricted to foodshare food spending, January - July 2023. 

_Rainbow Junktion - Welcome Spaces Fund -_ Funding to be distributed to local warm or welcome spaces through the Leeds Community Anchor Network to support them with the costs of keeping these spaces open. 

_Rainbow Junktion - Community Organisations Cost of Living Fund_ - a National Lottery Grant to retrospectively support community organisations that had been most affected by the cost of living crisis, due to the spike in demand for emergency support with basic needs such as food. This budget includes all Rainbow Junktion wages 

_Rainbow Junktion - Live Music Fund -_ a fund to enable free live music for local people during the cafe. 

## **Incoming breakdown** 

||||**2023**|
|---|---|---|---|
||||**£**|
|Under1Roof||Leeds CityCouncil - Communities teamgrant|35,000|
|||Yorkshire Historic Churches Trust|10,000|
|||National Churches Trust|20,000|
|Outdoor Access Fund||Jimbo's Grant - Leeds CommunityFoundation|14,629|
|Rainbow Junktion||Co-op- Local CommunityFund|3,021|
|||Sundry grants|5,255|
|Julia and Hans Rausing<br>Trust Grant||Julia and Hans RausingTrust Grant|5,000|
|Community Organisations<br>Cost of LivingFund||National Lottery- Cost of LivingGrant|26,444|
|Household Support Fund||HSF - VAL|40,600|
|||HSF - Leeds Christian CommunityTrust|9,800|



16 



|RJ Live Music Fund||Leeds Philosophical & Literature Society|500|
|---|---|---|---|
|||Let Yourself Trust - Community Development<br>Donation|1,080|
|Welcome Spaces Fund||Welcome Spaces Fund - Leeds Community<br>Anchor Network|11,100|
|||**Total**|**182,429**|



## **7. Net assets by fund** 

||||||2023|2022|
|---|---|---|---|---|---|---|
||Unrestricted|Designated||Restricted|Total|Total|
||fund|fund||fund|funds|funds|
||£|£||£|£|£|
|Fixed assets|561||0|726|1,287|748|
|Investments|0||0|0|0|74,634|
|Current assets|66,475||0|141,371|207,846|137,391|
|Current|||||||
|liabilities|-6,716||0|-1,933|-8,649|-1,773|
||**60,320**||**0**|**140,164**|**200,484**|**211,000**|



Comparative for net assets between funds 

|||||2022|2021|
|---|---|---|---|---|---|
||Unrestricted|Designated|Restricted|Total|Total|
||fund|fund|fund|funds|funds|
||£|£|£|£|£|
|Fixed assets|748|0|0|748|997|
|Investments|0|74,634|0|74,634|85,435|
|Current assets|68,419|0|68,972|137,391|249,852|
|Current||||||
|liabilities|-810|0|-963|-1,773|0|
||**68,357**|**74,634**|**68,009**|**211,000**|**336,284**|



## **8. Related party disclosures** 

The aggregate amount of donations received from the Trustees without conditions was £9,559 (2022: £9,164). The aggregate amount of donations from the Trustees to restricted funds was: Rainbow Junktion fund £45; Asylum fund £600 (2022: Rainbow Junktion fund £45; Hardship fund £195; Under1Roof fund £9). 

17 



**APPENDIX 1: PAYMENTS – DETAILED BREAKDOWN** 

||**Unrestricted**<br>**general funds**|**Restricted**<br>**funds**|**Total**<br>**funds**||**Total**<br>**funds**|
|---|---|---|---|---|---|
||**2023**|**2023**|**2023**||**2022**|
||**£**|**£**|**£**||**£**|
|_Parish share_|_16,579_|_0_|_16,579_||_15,072_|
|_Salaries_|_23,760_|_46,361_|_70,121_||_45,962_|
|||||||
|Clergy expenses|438|0|438||841|
|Expenses-staff & volunteer|67|3,482|3,549||2,039|
|<br>_Clergy, staff and volunteer expenses_|_505_|_3,482_|_3,987_||_2,880_|
|||||||
|_Major maintenance / repairs_|_0_|_165,271_|_165,271_||_284,200_|
|||||||
|Advertising|0|645|645||938|
|Bank charges|77|670|747||213|
|<br>Church services (inc. refreshments)|264|0|264||208|
|Cleaning|86|270|356||800|
|Equipment|0|1,645|1,645||1,469|
|Fees and subscriptions|1,638|185|1,823||3,816|
|<br>Fixtures & fittings|1,877|0|1,877||1,101|
|Governance|1,984|0|1,984||810|
|Insurance|1,690|0|1,690||1,520|
|IT|160|0|160||1,131|
|Phone & internet|983|180|1,163||892|
|Printing & copying|2,298|0|2,298||1,167|
|<br>Routine maintenance / repairs|5,288|161|5,449||2,925|
|Stationery|129|18|147||130|
|Training & education|119|595|714||920|
|_Running costs_|_16,593_|_4,369_|_20,962_||_17,230_|
|||||||
|Electricity|7,177|0|7,177||1,836|
|Gas|5,660|0|5,660||4,570|
|Water|1,039|0|1,039||708|
|_Utility bills_|_13,876_|_0_|_13,876_||_7,114_|
|||||||
|Costs of trading|0|973|973||270|
|Ingredients|0|1,836|1,836||2,827|
|Food parcels|0|58,262|58,262||22,149|
|_Costs of trading_|_0_|_61,071_|_61,071_||_25,246_|
|||||||
|_Rent_|_-10,888_|_10,888_|_0_||_0_|
|_Donations to charities_|_508_|_4,000_|_4,508_||_2,000_|
|||||||
|Co-op utility tab top up|0|0|0||60|
|Contributions to individuals|0|467|467||125|
|_Support for individuals in hardship_|_0_|_467_|_467_||_185_|
|||||||
|_Mission & evangelism costs_|_85_|_0_|_85_||_336_|
|_Costs of fundraising activities_|_0_|_5,362_|_5,362_||_734_|
|<br>_Miscellaneous_|_105_|_177_|_282_||_596_|
|||||||
|**Total**|**61,123**|**301,448**|**362,571**||**402,365**|



18 



## **APPENDIX 2: RAINBOW JUNKTION – EXTRACTED FIGURES** 

||**Rainbow**<br>**Junktion**<br>**general**|**Rainbow**<br>**Junktion**<br>**designated**|**Rainbow**<br>**Junktion**<br>**restricted**<br>**grant funded**<br>**activities**|**Total**<br>**funds**|**Total**<br>**funds**|
|---|---|---|---|---|---|
||**2023**|**2023**|**2023**|**2023**|**2022**|
||**£**|**£**|**£**|**£**|**£**|
|||||||
|**Income from:**||||||
|Cafe takings|7,490|0|0|7,490|7,228|
|Leeds City Council–COVID-19|0|0|0|0|1,000|
|<br>Oblong<br>&<br>Hyde<br>Park<br>Source<br>–<br>COVID-19|0|0|0|0|3,287|
|Household support fund|0|0|50,400|50,400|13,000|
|Foodsharefund|0|2,500|5,000|7,500|1,205|
|Grants|34,720|0|1,580|36,300|6,682|
|Fundraising activities (including Bistros)|15,346|3,139|0|15,346|9,498|
|<br>Tax efficient planned giving|20,223|0|0|20,223|9,432|
|Otherplanned giving|20,659|268|0|20,659|6,436|
|All other giving|15,490|0|0|15,490|18,473|
|<br>Gift aid|7,284|0|0|7,284|4,120|
|Other income|2,069|0|0|2,069|701|
|**Total**|**123,281**|**5,907**|**56,980**|**186,168**|**81,062**|
|**Expenditure on:**||||||
|<br>Salaries|45,866|0|495|46,361|30,456|
|Rent (transferred to All Hallows’ general<br>funds)|10,888|0|0|10,888|9,470|
|Grant funded activities|0|0|210|210|0|
|Expenses-staff&volunteer|3,256|0|0|3,256|2,039|
|Administration|0|0|0|0|0|
|Advertising|645|0|0|645|735|
|Bank charges|670|0|0|670|132|
|Cleaning|270|0|0|270|245|
|Equipment|1,645|0|0|1,645|1,469|
|Fees & subscriptions|185|0|0|185|201|
|Fixtures & fittings|0|0|0|0|209|
|Phone &internet|180|0|0|180|141|
|Routine maintenance & repairs|161|0|0|161|259|
|<br>Training & education|595|0|0|595|400|
|<br>Costs of trading|973|0|0|973|270|
|Ingredients|3,205|0|271|3,476|3,145|
|Food parcels|0|0|56,622|56,622|21,831|
|<br>Essentials parcels|0|0|0|0|0|
|Donations|2,400|0|0|2,400|1,500|
|Costs of fundraising activities|5,362|0|0|5,362|734|
|Stationery|18|0|0|18|5|
|Miscellaneous|177|0|0|177|415|



19 



|**Total**|**76,496**|**0**|**57,598**|**134,094**|**73,656**|
|---|---|---|---|---|---|
|||||||
|**Net**<br>**(outgoing)/incoming**<br>**resources**<br>**before**<br>**transfers**<br>**and**<br>**other**<br>**recognised gain/(losses)**|**46,785**|**5,907**|**-618**|**52,074**|**7,406**|
|Transfer between funds|0|132|0|132|-12,980|
|**Net movement in funds**|**46,785**|**6,039**|**-618**|**52,206**|**-5,574**|
|||||||
|Funds brought forward 1 January|43,436|14,185|2,723|47,364|52,938|
|**Funds to carry forward 31 December**|**90,221**|**20,224**|**-618**|**99,570**|**47,364**|



## **Rainbow Junktion reserves** 

Our intention is to retain general reserves sufficient to cover 6 months of annual general expenditure. In 2023 this equates to £35,000. Financial support for the café increased dramatically since 2020 as grant funders, local organisations and individuals recognised Rainbow Junktion’s invaluable work, that continued ceaselessly and adapted considerably during the pandemic and the following cost of living crisis in 2022-23. This has resulted in a beneficial surplus, and has led to general funds totalling over £90,000, leaving £55,000 above general reserves. 

This surplus means we can employ an additional manager dedicated to this work in 2024 which is very much needed given the ongoing scale of the work. 

We are incredibly grateful for the generosity we have received from grants and donations from individuals each year as without them Rainbow Junktion would run at a loss, as the café’s day time activities do not generate sufficient funding to cover the essential running costs. The encouraging financial position at the start of 2024 will enable Rainbow Junktion to continue to support those most in need as the cost of living, on top of years of austerity, continues to have a detrimental impact on many. 

20