## **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:
- Ken Ascott and Angela Witty, for all their support and advice.
- 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.
- 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;
- The accounting records were not kept in accordance with section 130 of the Charities Act, or
- The accounts did not accord with the accounting records, or
- 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|
|---|---|
## 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**|
|---|---|
|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|
|---|---|
_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**|
|---|---|
- 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