Financial Report for St Mary’s with Holy Apostles
For the year ending 31[st] December 2024
Firstly, I would like to thank Amy Bentley, from Asquith & Co Accountants, for all her work in preparing the Financial Statements.
There are others, who have contributed towards managing the church finances whom I would also like to thank:
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Ken Ascott and Angela Witty, for all their support and advice.
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The wardens, deputy wardens and all others involved in counting the collections. Also, Gordon and Julie Reed for counting, collecting and banking the cash from the both the church collections and the car park machine.
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The Friends of St Mary’s – over many years, the Friends have organised events to raise money for the maintenance of St Mary’s church building. Thus, they were able to contribute what we needed for the major works that were carried out on the roof and other parts of the church. Their funds are now very depleted. Please consider making donations to them.
The contents of this report are based on the Financial Statements for the year ended 31[st ] December 2024, largely from the summary page.
Income
From page 1 of the Statement of financial activities, comparisons can be made between 2024 and 2023.
Yearly comparison of total income
Total income 2023 £153,501 Total income 2024 £361,158
This shows a significant rise in income for 2024, compared with 2023, of £207,657 . The main reason for this was large contributions made for the major works at St Mary’s church building. Also, there were large donations to the boiler fund.
Income Analysis
1
Gift Aid (This is included in Voluntary Income.)
We recouped £11,924 from HMRC through gift aid. (‘Tax recoverable’ page 2, paragraph 2a of the Financial Statements)
If you gift aid your donations, we can claim 25% of the total amount you give in one year. This is £25 extra for every £100.
If you are a tax payer and haven’t already considered gift aiding, please contact me for further information.
Activities for generating funds comprises of the following:
Hospitality £ 12,851 Car park £ 31,700, Fund raising £143,672 Total £188,232
Income from church activities includes property income for the use of Parish House, rental income from the curate’s house and the fees for weddings and funerals.
Total £24,493
Total Incoming Resources for 2024
| Unrestricted funds | £218,079 |
|---|---|
| Restricted funds | £143,078 |
| Total income | £361,158 |
The restricted funds comprise of donations given to special funds. They can only be spent for the specific purpose for which they were given. (Page 2, section 8a, of the Financial Statements shows the detail.)
Expenditure
Total resources expended:
| Unrestricted funds | £243,576 |
|---|---|
| Restricted funds | £113,962 |
| Total expenditure | £357,538 |
This is £195,673 greater than the expenditure in 2023.
2
please read the legend horizontally
Expenditure Analysis
Church running and maintenance
Parish House running and maintenance Other ministry costs Fund raising costs Costs of curate’s house Bank and financial costs
Diocese
Staff costs Mission giving Office costs etc Other expenses
Mission and charitable giving from the mission account
The church has given £8,060 to support mission and to make charitable donations. This amount was gathered from monthly transfers of £480 to the Mission Account, fundraising activities organised by the Mission group and also from individuals, and regular donations from a church member. This is a most encouraging effort and I hope it continues!
The donations have been allocated as follows:
| Bethanie Baptist/House of Hope,Haiti | £1,065 |
|---|---|
| Christian Aid | £ 580 |
| CMS Chris and Suzy Wilson in Ethiopia | £1,500 |
| Friarage School | £ 400 |
| King’s House Kenya | £1,065 |
| Love Burundi | £1,065 |
| Mercy Ships | £ 100 |
| St Martin’s School | £ 100 |
| St Stephen’s School Kenya | £1,215 |
| Tearfund | £ 940 |
3
End of year totals
Carry Forward Balances
These will be found at the bottom of the page 1 of the financial statements.
| Unrestricted balance | £ 93,549 |
|---|---|
| Restricted balance | £ 46,518 |
| Total carried forward | £140,067 |
Looking at these can give a misleading impression. The £93,549, in the carry forward balance of the unrestricted column, is not just the total cash the church has in its bank accounts. It also includes the rather outdated valuation of £55,000 for the curate’s house. This is an asset, but not money in the bank.
As has been seen, there has been a large increase in income in 2024. This may be explained by contributions from the Friends of £87,619 and donations to the boiler fund of £51,594 totalling £139,213. To all who give financially to the ministry of the church, a big thank you for your generosity.
However, expenditure in 2024 was £195,673 greater than in 2023. This is mainly because of the major expenses of the roof and other repairs to St Mary’s and the cost of the new boiler.
Even though this has been a very expensive year, we have still been able to meet our commitments. Also, this year our income was slightly larger than expenditure.
4
Let us together thank the Lord that,
“All we have needed, the Lord has provided Great is Your faithfulness Lord.”
Thank you also to those who have given to the church funds with great generosity.
Looking forward to the current year
There will be many demands on our finances in 2025 – especially as we are due a quinquennial inspection, which will no doubt reveal the need for further repairs.
We are aiming to raise another £20,000 for maintenance of the church boiler. So far, we have received £9,166. Thank you to all those who have donated to this.
Let us also, together, seek the Lord’s provision for our needs this coming year.
Fran Doble, PCC Treasurer
5
Parochial Church Council of St Mary with Holy Apostles, Scarborough Charity Number 1186990 Independent Examiners Report Year Ended 31 December 2024
I report to the trustees on my examination of the accounts of the above charity for the year ended 31 December 2024.
As the Charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.
I report in respect of the examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all applicable Directions given by the Charity Commission under section 145 (5)(b) of the Act.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that, in any material respect;
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The accounting records were not kept in accordance with section 130 of the Charities Act, or
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The accounts did not accord with the accounting records, or
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The accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to obtain a proper understanding of the accounts to be reached.
Approved by:
Date
17/04/2025
……………………………………….. …………………………….
Christopher Mattinson FCCA
Asquith Accountants Ltd Rowan House 7 West Bank Scarborough North Yorkshire YO12 4DX
Page 1
Parochial Church Council of St Mary with Holy Apostles Statement of financial activities
| For the year ending 31st December 2024 Note Incoming Resources Voluntary income 2a Activities for generating funds 2b Income from investments 2c Income from Church Activities 2d Other incoming Resources 2e Not Home Alone 2e English speakers of other languages 8b TOTAL INCOMING RESOURCES Resources Expended Church Activities 3a Fund Raising costs 3b Staff Costs 4 Other costs 5 TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES BEFORE OTHER RECOGNISED GAINS & LOSSES Transfers Between funds NET MOVEMENT IN FUNDS BALANCES BROUGHT FORWARD 1 JANUARY 2024 BALANCES CARRIED FORWARD 31 DECEMBER 2024 |
Unrestricted funds Restricted Funds Total Funds 2024 Total Funds 2023 £ £ £ £ 116,678 3,865 120,543 87,709 49,019 139,214 188,232 41,912 1,666 1,666 1,015 24,493 0 24,493 19,413 26,224 0 26,224 3,452 0 0 218,079 143,078 361,158 153,501 228,667 113,962 342,629 132,485 3,934 0 3,934 3,836 10,975 0 10,975 23,588 0 0 0 1,958 243,576 113,962 357,538 161,867 -25,497 29,116 3,619 -8,366 0 0 -25,497 29,116 3,619 -8,366 119,046 17,402 136,448 144,814 93,549 46,518 140,067 136,448 |
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2 INCOMING RESOURCES
| 2a Voluntary income Planned giving: Donations Tax Recoverable Other Collections (open plate) Insurance Gifts Legacies Grants 2b Activities for generating funds Hospitality & sales stand Car Parking Other fund raising activities 2c Income from investments Dividends & Interest 2d Income from Church Activities _ Property income Fees Other income TOTAL INCOMING RESOURCES |
Unrestricte d funds Restricted Funds Total Funds 2024 Total Funds 2023 £ £ £ £ 46,043 1,270 47,313 49,322 11,042 883 11,924 12,105 11,441 1,512 12,953 8,998 36,152 36,152 0 750 200 950 10,796 10,000 10,000 2,488 1250 1,250 4,000 116,678 3,865 120,543 87,709 12,861 12,861 8,969 31,700 31,700 32,944 4,458 139,214 143,672 0 49,019 139,214 188,232 41,913 1,666 0 1,666 1,015 20,749 20,749 14,991 3,744 3,744 4,422 24,493 0 24,493 19,413 26,224 26,224 3,452 218,079 143,078 361,158 153,502 |
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| 3 RESOURCES EXPENDED 3a Church Activities Mission giving Free Will Giving Other Ministry Costs Church Running & Maintenance Parish House running costs Costs oWoodhall Avenue Office Costs Telephone, broadband, IT Sundry expenses Bank and Financial Charges 3b Fund Raising costs Refreshments Car Parking Other fund raising expenses 4 Staff Costs Wages & Salaries 5 Other costs TOTAL RESOURCES EXPENDED |
Unrestricted funds Restricted Funds 2024 2023 £ £ £ £ 7,610 7,610 5,820 69,500 69,500 69,500 5,817 3,490 9,307 9,917 93,781 110,473 204,254 28,731 44,408 44,408 11,436 1,924 1,924 1,787 978 978 2,258 1,800 1,800 1,111 1,527 1,527 490 1,321 1,321 1,434 228,667 113,962 342,629 132,484 695 695 1,215 2,938 2,938 2,620 301 301 0 3,934 0 3,934 3,835 10,975 10,975 23,588 10,975 0 10,975 23,588 0 0 0 1,958 243,576 113,962 357,538 161,865 |
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Page 3
The PCC has 3 (all part time) paid employees a verger, a cleaner and an administrator. The church has been in an interregnum for 2024. The vicarage has still incurred some bills. BT bills need to be challenged as tenants were living there for much of the year.
The PCC pays the costs of the cleaner at Parish House . The Rainbow Centre reimburse the PCC by 50%.
5 Fixed Assets
The freehold and buildings comprise the curate's house at 13 Woodall Avenue, Scarborough. It is believed to be worth considerably more than the balance sheet valuation of £55,000 and is not being depreciated in the accounts. It is insured for £254,043 The PCC also owns St Mary's Parish House which is not shown in the accounts, as the PCC has never paid anything for it. It is insured for £2,019,408
| 6 Debtors Debtors Gifts and payments to other charities Prepayments and accrued income 7 Liabilities Amounts falling due in one year Creditors Accruals and deferred income PAYE & NI Contributions |
2024 2024 2023 14,229 14,229 0 804 804 0 0 13,080 15,033 0 15,033 13,080 2024 2024 2023 16,085 16,085 17,970 455 455 418 16,540 0 16,540 18,388 |
|---|---|
8 Funds
8a The restricted/designated funds operating during the year are as follows:
| Children’s & Youth Worker 20s to 40s ministry Church@Rainbow Not Home Alone Camera Grants and church ministry gifts Boiler fund Buildings fund Mission account Mission (designated fund) ESOL Transfers Bank Charges (Mission account) Total Main account |
Balance 31/12/23 Incoming Resources Expended Resources Transfers Balance 31/12/202 4 5,575 260 437 5,398 10,516 735 1,420 9,831 1,148 275 1,423 2,065 1,512 1,199 2,379 125 125 2,250 2,250 0 52,678 45,648 7,030 87,619 64,825 22,795 978 978 933 434 499 -5,919 -5,919 -5,919 -270 -270 17,401 143,079 113,962 -5,919 46,518 |
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- 8b The following fund was managed by St Mary’s on behalf of Churches Together in Scarborough – CTIS. This was a council initiative to support the teaching of English to Syrian refugees. However, this ceased after the first 3 months of 2024.
| ESOL fund 9 Analysis of Net Assets By fund Tangible Fixed Assets Current Assets Liabilities |
Balance 31/12/23 933 933 Unrestricted funds 55,000 55,089 -16,540 93,549 |
Incoming Resources Expended Resources Transfers 434 500 434 500 Restricted Funds Total Funds 2024 Total Funds 2023 55,000 55,000 46,518 101,607 99,836 -16,540 -18,388 46,518 140,067 136,448 |
|---|---|---|
Page 4
Parochial Church Council of St Mary with Holy Apostles Balance Sheet as at 31st December 2024
| Notes FIXED ASSETS 13 Woodall Ave 5a CURRENT ASSETS Debtors 6 Cash at bank & in hand LIABILITIES Creditors - amounts falling due in 1 year 7 NET CURRENT ASSETS Total assets less current liabilities TOTAL NET ASSETS PARISH FUNDS Unrestricted Restricted 9 |
2024 £ 55,000 55,000 15,033 86,574 101,607 16,540 140,067 140,067 93,549 46,518 140,067 |
2023 £ 55,000 55,000 13,080 86,756 99,836 18,388 136,447 136,447 113,127 23,320 136,447 |
|---|---|---|
Parochial Church Council of St Ma wrth Hol Chari Number 1186990 miners R Year Ended 31 December2024 0Stles scarborou Inde ndent Ex I report to the trustees on rny examination of the accounts of the above charity for the year ended 31 December 2024. As the Charity trustees. you are responsible for the preparatlon of the accounts in accordance with the requirements of the Charitses Art 2011. I report in respett of the examination of the Charity's accounts carrled out under section 145 of the 2011 Act and in carrying Out my examination, I have followed all applicable Directions given by the Charlty Commlsslon under sectlon 1451Sllbl of the Art. I have completed my examination. I conf5rm that no material matters have come to my attentlon in connectlon wlth the examlnation which gives me cause to believe that. in any material respert- The accountin8 records were not kept in accordance with sertion 130 of the Charities Act, or The accounts did not accord with the accounting records. or The accounts did not comptyl with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2CK)8 other than anv requirement that the accounts give a *rue and fair, view which is not a matter considered as part of an independent examination. I have no toncerns and have come across no other matters in connertion with the examination to which attention should be drawn in thi5 report in order to obtain a proper understandin8 of the attounts to be reached. Approved by: Date 1710412025 Chrlstopher Mattlnson FCCA Asqutth Accountsnts Ltd Rowan House 7 West Bank Scarborough North Yorkshire Y012 4DX