THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF K.ING CROSS, HALTFAX UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2024 Charity registration number: 1191160 STREETS SPENSER WILSON f.HARTL.KEI) ACCOUN'fANI'S
THE PI&ROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX FINANCIAL STATEMENTS YEAR ENDED 31 DEt CETrIBER 2024 PAGE TrLlStees' a17nual iEPOrt Independent examinePs reportto the trLiStees Stateincnt of financial activities Siatenieiit offmancial position io Notes to il)e financial statement5 li
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS. HALIFAX TRUSTEES, A1uAL REPORT YEAR ENDID 3 E DECF.MBER 2024 The trusle¢s prcseiit their I'eport and the iinalidited fiiianbial 5tateinents of the chaiity for ilie year cnded 31 D¢¢¢mbcr 2024. REFEI RENCE AM) ADMINISTRATIVE DETAILS Regtstered charity name Thc Parochial Chu Council of the Ecclesiastical Parish of King Cross. Halifax Charity registration number 1191160 Principal office Tling Cros5 Vicarage West Royd Avetiue FIalifax IIX13NU Incumbeiil Rcv Nigel Stimpson Parochial Chureh Council Aiinc Knell (2) Christine Endeacott (2) Victoria 13evan (l) Anila Robertshaw Graham foster {3) Secretary and Gifl Aid Offi¢er lission secretary Electoral Roll Officer Chiirchwatden Treasur¢r and Denery Syn(NJ Represenlative Cliurchwarden and Dcanery Synod Representative 8hauglin Bevan (3) Graliain King (3) David Barker ( l) Mary Llartoii-Mat3hall (3) Keith Fairliurst {3) Tom Oakes (3) Joan Partei- (2) Mark Chatbum (3) Deanery Syood Reprcsentativc 'S'he PaL'ocliial Church Coimcil (PCC) of thc Parisl) L)f Kiiig Cross lias the responsibility of co-operating with tli¢ incumbenl, th¢ IILvereiid Fr Nigel Stimpson (Irom 23 Nov¢Jnbei' 2021), for the whole mission of the church on behalf of the pcoplc of the parish. It also lias Ilie responsibility for maii)taining Ihc pai'isli Church of St Paul's and the adjoining grounds. Indcpcndent examiner Mrs E A Short FCA Equitablc Hous¢ 55 Pelloii Lane Halifax West YorkshiT¢ HXI 5SP
TEIE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX TRUSTEI S, ANNUAL REPOIIT YEAR ENDED 31 DECF,MBER 2024 STRUCTURE, GOVEIiNANCE AND MANAGEMENT The Bencfices of Si Paul's King Cross and St Ani1¢'s Soutliowram are held in plui'ality ivith Fi. Nigel Stiinpson as tlie inciiinb¢nt. Tlie two churclies maintain Iheir idcirtities wilh scparale sei'viccs 211d Parochial Cliurch Councils. St Paul's Nvas registered as a chai'ity with tlie Charity Comniission on 4 Septembci. 2020 Membership of the PCC Meinbers of the PCC ait cither ex officio or are eleoted by t]Ic AniiLial ParoGhAal Cliurch Meetiiig. Appointment5 aiid elections are in accordance witl) Church Repres¢iitation Rules. There were eleven PCC mcelings in 2024, via Zooin or in person. Tbe PCC were confsmied as members of tlie PCC froi April 2024. The figures in brackets refer to the remaining period of service (from tlie date ofthe APGM 2024) b¢foi'e tho Inember resigiis and stand for re-election if helshe wishes. The incumbent is usually the chairniaii of tlie council. The cliurchwardens are elected annually by those who attend Ilie APGM. Deaneiy synod i'epresentativeq are elected every three yea13 at tlie APGM. All othcr ofFIcei's are elected fi'oin aiid by tlie Council members. Tliere is a n(Iinber of sub-coinmittees wliich investigate various aspects of the life Df tlie cliui'ch. 'fhesc geiierally iiicel on an ad lioc basis and any rccommeiidations arc passcd to th¢ PCC foi. approval. T])e committtc% are as follows.. StalldiHg Committec This is the oiily cominAllee i'eqiiiiyd by law. It coinprises the incumbenl, tile cliurchwardcns. the Iirasurer. tlic secretary and onc elected incmbei3 of the council, currently Christine Eiideacott. T])e cointnitto¢ is enipowei'ed to ts'ansa¢t the busiiiess of ilie PCC between meetings. The Standing CoiniT)ittce met on severdl occasions dui'ing tlie yr mainly to disciiss isslles arising from tlie roof project. Fiance Commiltee -rhe Standing Coininitte¢ ¥Lib5titutes as a finaiice Committee as ¢ir¢umstances dictate. Commitlec for Missions Its function is lo dibrtribiite tnon¢y to various Chariti at home and abroad. The inoney comes from l O per cent of our planiicd giving r¢ccipls ovei- the year. Ihe Missions S¢ci'etary is ex offivio and is elected by the PCC. He/slie suggests to Ihe PCC wliich cliaritics sliould be suppoited tliat year. Moillbei's of the congregation arc invited to put fonvai'd pi'oposals befoi'e the meeting. Christine End¢a¢oit is the Mis.qion5 Scci'elary. Social Committee Tlie Committee lias liold Incctiiigs througlioiit 2024. Thci'¢ was a highly successful series ol Conccrts, drailla and talks whicli were well attendcd ai)d raised Inon¢y loi. tlie roof fund. We held two Fayres, one ill the suinmer and otke (it Clvislmas wl)ieh also helped raise money for tlie roof projccl. Liturgy Group This gi'oup is led by tIie iiicumbent. It is open to all Ineinbers of tlie congregatioll ¢ind ils purpose 1.% to ¥onsider ways of impi'oviiig our worship botli in content and manner. It did not meet in 2024
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX TRUSTEES, ANNUAL REPOIIT ( YEAR ENDED 31 DEcfMBER 2024 OBJECTIVES AND ACTIVITIES The PCC is committed to maintaii)ing Sr Paul's as a centre of excellence for ¢r¢alive and accessible worship in the Cadiolic t12ditlOLi of the Cliurcli of E4nBlaiid, whilo fully engaging with oiir w'ider Parish cominunity wherevei- possible. "rile PCC also eiicourages tlie usc of tlie cliiirch and parish I'OOLn by th¢ congregation and the wider parislilcommunity. Social activities, iiicliiding the monthly community Coffee inorning (which continues to altrdct people from outside lh¢ Tcgular congregation) are open to all and are widely pijbliciscd. In order to mcet Ilic needs of the congrcgalion and othcrs using oui. facilities, we need to mailltaiii the fabric aiid ensure that tlie church and parish i-ooni ar¢ as wclcoming as possible. ACHIEVEMENTS AND PERFORMANCL Worship and prnl'er During 2024 thc maiii Serv¢¢ of tlie week was the Sunday Mass. 1'1iere is also a said MASS OT) Thursday moniings, followed by I'efitshinent5. There wor¢ additlollal servi¢¢s held throughout the year to help cel¢brate tlie Chuwh's Litiiigical yeai as well. We were able to maintaiii oui. traditioiial s¢rviBes during Lent and Holy W¢ek. Tlie mail) s¢i'vicc5 wei'e l)Ild at St Paiil's with th¢ congregation fi'oTn Si Anne's attending. Therc was a weekly devotional service Zooin whicli ic ltracled iiicmbcrs of both coiigregations. In d)e peri(K] leddiiig up to Cbristinas we held ali Advent Carol Service. a Niiic Lessoiis and Carol S¢rvioE and Crib Service all of whicli wer¢ well <¢ndcd and attractcd visitOl'5 wlio arc Iiot regular m¢mb¢rs of the coJ)girgation. As part of our outreacl) to non-mcLnbei's of th¢ usual congregation, we visited, by invitation of ihe maiiagcr, Iwo hosteli'ies in tl)e parish and l¢d ¢arol singiiig which was well received. Duriiig the year w¢ hcld Choi'al F,venboiig threc times and another 'Coine and Sing, choral ¢vensong which attracted a niimbci- of singers whn wci'c iiot froin St Paul's. Bishop 8mitha also attended &Trnd gave the sennon. Wc perfomcd StaiiieVs'Crucifixion' on Palm Siinday. At pi'esent thei'e are 68 mcinbers on the electoral roll, 15 of wl)oin livc in tlie pari&h aiid 53 oulside. During the year. tliere wa5 one baptisnL on¢ wcdding and two funerals. Wc have contiiiued to maintain the database of email address¢5 which was established in 2020 and seiid a wcekly ncwsleller (Ilie Pcw'&lieet) to all dJ05c oil the list. 1.his enablcs us to Ict inembets of tlic coiigi'egatioii know abolit Seie¢S and other #veiits oil a regular basis. We have an active w¢bsilc ai)d a preseiicc on social Inedia, esp¢cially Fac¢book, so anyoiie interested in th¢ chui'cli and its s¢rvi¢¢s has access to up-to-date inforniation. Visitoi's to the website cAi1 also make donatlolls by clicking on the ielevaiit icon und for visitors lo the cliurcli. Iliere is a eonlactless card macliine. Sategiiai'ding is (in agenda item al all PCC mectings. but no new issucs wcrc raised in 2024. N4einbei's of tlic PCC are eiicouragLd to tiDiiipl¢le an oiiline couise to Inako sure Ilicy understand all the i'ainifications of ihe i'eqiiti'emcnts. The Safeguarding policy is I'evicwed and approved every year by the PCC aiid lollows Dioccsan guidclines. Because of thc iiccd to raise funds for ttLe roofwe liav¢ continued a number of moiiey-maliing venttires wliich liave helpod to bring tlie congregation closer togcihcr. I'hese in¢lude a rnDnthly raffle, a'Take a Pick, raffle and ihc salc ofcakcs and ci'afl5 made by. and donated by, Ineinbers ofilic congregatioii.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX TRUSTEES, ANNUAL REPORT (coftliiiued) YEAR ENDED 31 DECEMBER 2024 Deanery synod As froin 21si April 2024, three moinbers of our coiigregatioii sit on the Deaiiery Synod and report back to the PCC on Jnatters discussed. See separale report on page 5. Emgagement Ivith tbc conimunity 2024 was notsble for a 5cl.ies of soeial ¢vL'nts, maiiily fo¥ussiiig on Iniisie. Tlic%¢ cvcnls altla¢t¢d people from the wider parish, llot just the congregation. We also held two popular quiz niglits and David Glover gav¢ anothbr well attended talk. The m(Inthly commiinity coffee moi'nings contiiiue to be well support¢d. A Craft group has also been introduced to which all m¢mbcrs of the community are welcome. To attract the wider parish, we hcld both a Suiiimcr Fair and a Christnias Fair in cliurcli. We took part iii tho Yorkshire14istDric Churches Open Day and the church was maniied to weleome and infortn visiloiE. We als'o c]11red that tliE leaflet to l)elp visitors enjoy the higlilight of tlie churcli and appreciate their significance to our form of worship. was available. Thc Ukrainian churcli continiies to hold a monthly servioe at St Paul. Wc maintain a good relatioiiship Witli Parkinson Lane Scl)ool. Tlie pupils Inake regular visits to the cliui'ch and FadJLr Nigcl is a frequent visitor to tli¢ scliool. Father Nigel lias also becn invtted into IN'arley Road scliool as well. I'here is a wide rangc of books and CDS foi- aiiyon¢ lo borrow. Saint Paul's is regibtered as a Fairtrade Chui'ch and all t¢4 coffee and sugar used at church are Fairtrade products. Land #nd buildings The fabric of the chiirch continiied to be of concern. especially tlie roof. Fund17Tsing initiatives helped raisc soine money together with individual donatjOll8. Thc PCC also explored other avenues for grants. We maiiaged to rais¢ thc rnoney Th¢eded, artd work started on thc roof in October arkd was largely coinpl¢t¢d by the eiid of 2024. Work 011 th¢ oi'gan is continuing off-sito and it is hoped diat it will bc installed diiring the sunimer of 2025. Wc contiiiiie to use Uie loa]ied ¢lecttx)ni¢ organ iii tho interim. We would like to ihank all ihose volLltitcei's wlio make sure tliat tlie cliiirch is clcan aiid welcoming. In thc last montlis of Il)e yedl- this task wa5 inade more dIllUll bccause of the removal of the old roc)f and the accumulation of dust ]d debris in tlic churcli. A special Saturday morningT clean up was in plac¢ for several wccks. We would a150 like lo tliank those wlio arrange floweis to adorn tl)e clilirch and t]iose who woi'k oiitside Inainlaining the gi'ounds which are always attractive and I'cceive favoiirable cominents frniii dic coiigi'cgation and visitors a]ike. Th¢ churcl) carries oul a hcaltji and safety chcck ¢v¢ry ycar, and any issiies raised aro dealt with promptly.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX TRUSTEESI Af4NUAL REPORT [¢oJilintsedJ YEAR ENDED 31 DECEMBF.R 2024 ACHIEVEMENTS AND PERVORThIANCE (ctriiliiiiiJ DEANERY SYNOD REPORT T]icrc were thire m¢¢tings lield of thc Halifax & C&lder Valley Deaiiery Syii(Kl in 2024, as oiiilined below. St. Jolm's. Wai-ley in April, St. Thomas,, l-leptonst&ll iii Jun¢ aiid St. Jude's, Savile Park in Noveinber. 'rhe first meetl11g saw the start of th¢ ycar's objective (o gain knowledge and to share each Parislies best practices witTi an aim to build a directory for other vliurches to seelc advice. Eacli p.1$h brought a selectioii of resourccs illustrating their good practiccs Ihrougliout tlie year where possible areas of traiiiing We idcntified includiiig, w¢IcoC, diversity, Communicatioiis. childreii's wr)rk and LISC or church land in ccologically sound ways. I'liere weir also eontinued updates throughout the year on how Trinity C1)uh was progres5itTr& with regular iipdates from Riiili Walkct (Syiiod Trellsurer and Chaplaiii to Trinity Academy) and Revd Robb Suthei'land. 'rhere was cncoiiragemciit for deai)cry eiigagement iii the Challenge of Net Zero. Graham Fostci. was duly r¢-¢leclcd oiito the Diocesan Synod and in Noveinber elected as the Ale Mission and Pastoral Cointnilleo witli a Clergy Repi'esentstive vacancy oil thc Deaiiery Syiiod's Standing Coinmiitrc being filled by Revd Nigcl Sliinpson. 'fhrr¢ is still a LAY Representativc scat on tlie Stsiiding Coininiltee to be fillcd. Shaughn Bevan Graham Foster.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NG CROSS, IIALIFAX TRUSTEES, ANNUAL REPORT ( YEAR EI NDED 31 Dri CEMBFR 2024 ACHtF,VEMFNTS AND PERFORMANCE {coitftJtiieiO COLVIMITTLI E FOR MISSIONS 2024 OVERSEAS MISSIONS 2024 2023 USPG Cliristiaii Aid Lcprosy Mission 920 530 140 950 560 140 1,590 1,650 HOME MISSIONS 2024 2023 Cliildren's £ocicty Cliiircl) Amiy Community ol tho Resu1'rtioI] Chiii'cli Hoi)ielcss Fuiid Additional CL1[a Society Next Step 'frLlSt St Augustine's Centre Halifax Slrccl Angels Missioii to Seafarers Bible Society YoTkshire liistoric chu1]eS Trust 150 90 80 loo 210 160 100 80 loo 220 80 110 80 100 80 iio loo 80 50 970 i.iio The amouiits. available for Inissions is calculated with rcftrciice to the pr¢vious year's planned giving. SUMMAR Y 2024 2023 Blllance at bank Total giving Balan¢¢ 2,567 2,560 2,768 2,760
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX TRUSTEES, AIYNUAL REPORT (CONrth*edJ YEAR ENDED 31 DECEMBER 2024 FINAI¥4CIAL REVIEW Ftn#nre In 2024, w¢ paid th¢ Parish Share of £24.960 in fvll. The PCC has always been committed to paying (be Patish Share in full. In line with our commitsnent to give IOQ/o of our planned giving to mission auscs, £2,560 was distrtbutcd pn)posed by the Secrctary for Missions 2nd approvcd by PCC. Thi5 sum does not iuclude special coll¢ctions. As part of our annual distributio we also sUPPDrt a projcct njn by the USPG which aims to protect b8bicA from FUV/AIDS in Tanzanid. W¢ maDaged to rais¢ the money lleeded for the replacement of the roof and the work ne8rly ci)mpletcd by the cnd of2024. Th¢ PCC approved th¢ rnove of £18.000 ill ihe HcatillgFund to themof fun(L with the agreement of the donors. PropDs¢d Graham Foster, se¢ollded Shaugbn Bevafj. The PCC also gpproved the trallSf of Dlley from thc CBF Churoh of England Investmelll Fund into CCLA, to be held thcre arc drawo down for the roof fi]nd as necessary. Proposed Grth Foster. seconded Victoria Bevan. The value of the investment. whcn sold OD I Ilb September 2024, was £23,760.46. To help raise themoncy fortherc4)f.weappliedforauumbBrof gratlts. and thefollowing madewelcome awards: National Churches TTU5¢ TheWolfsonFoundation, Congrcgational& General Cbaritable TTUSI, Yorkshire Historic Churrhes TrusL Giv¢ to Go GTe¢n Match Funding Campaigll athninistered by th Archbisbops Council on behalf of the National Churcb. Bcoefad Trus4 Diocesan for Mission Fulld, Dior¢se of Leeds Chur¢b Buildmgs Fund for Roof insulatioll aDd the Reginald HErbert Hall Clwitable Estate which patd for the repai to the orgall cbamberroof. The receipts on unrestricted fftllds were £50,7L8 (2023 _£45,380). ofwhich 20.654 (2U23- £19,590) was unrestri¢tcd planned volulltary dottations. Restricted income of£174.686 (2023 _ £553,739) Was also re¢eivcd, which 18 in relation to th¢ roof fund and organ fi]nd (see notc 14). Restricfrd expellditure was £288.324 in Telatloll to the new roof and orgaa projects. Net movement in funds on UDrestricted furAds was £4,068 decrease (2023 - £6220 decrease) while the restricted fi)nds w¢nt down by £89,878. (2023 - £142,890 increasc). Reseryes Ideally the PCC should have suffi¢i¢nt reserves to meet between 3 and 6 month8 ¢xpellditure. At 31 December 2024 there w&s a dcfjcit of £808 in the free rescrves (2023 - £3,260 surplus). Six gnths expenditure amounts to approximately £28.000 tberefore thcre is insufficient reserves at this poitit. The PLC are ¢ontinually mollitoring reserves and striving to in¢rea8e thenL whilst Deeding to spend consid¢rable amounts oll maintaining the church, Our finances remain in a critical ¢Olldition attd we lleed to fll)d ways of increasillg OUT rcgular incom& A Stewardship Suoday was hcld and rncmb¢Th of tbe congregation wcre iovitcd to let Us know whal fillthcr they ¢ould contribute in eithertim4 tslellts ormoncy. TheTC5ponse disappoilltiug and will b¢ re-addr&ss¢d iti 2025. This brief sumtnary in llo way represents thc cfforts put in by our treasurer. Gr8lwn Kill& and for his. replacemenL Graham Foster. for wbich w¢ are vcry 8ratethl The tru5tees' annu&l report W&8 approved on .. .. .... .. ..&>£> . aud signed on b¢half of the board of trust¢¢5 by: IGEL STIWSON Incumbent
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KIIYG CROSS, HALIFAX INDEPENDENT EXAMIINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE FCCLESIASTICAL PARISH OF KING CROSS, HALIFAX YEAR F.NDED 311)ECEMBER 2024 I report to die trustees oli Iny exainination of the financial stalemei)li of The Parochial Chuirli Council of tlie Ecclesiasltcal Parish of KinLF Ci-oss, Halifax ('the charity,) for the yeai- ended 31 DEccmber 2024. RESPONSIBILITIES AND JIASIS OF REPORT As Il)e trLlStces of tho cliai'ity you ait responsible for the pi'eparatioii of ilie fmancial statemcnts iii accordance with the requirein¢nts of the Charities Act 2011 ('the Act,). I irport in respect of Iny exainin4ltion ofthe c1iw.itS financial statements cari'ied out undcr scction 145 olthe 2011 Act aiid in catryii)g out my exaii)iiiatioii I hvC lollowed all tlic appli¢ablc Dii'cctioris given by Ilic Cliarity Coillmi5sion iiiider scction 145(5)(b) olil)e Act. INDEPENDEIYT fi LiMtNER'S STATEMENT I liave completed Iny exaniination. I coiifiiin ihd¢ liv Inatei'ial mattel's liav¢ coine to iny att¢ntioii in coiincction witli tlic examination giviiig ine cause io believe t])at in any Inateiial rc5PCCt= accounting reLords were iiot kept in respect of the charity as required by section 130 of the the financial stateinents do not accord with ttiose 0rd5' or tlie finaiicial stalomeiits do not comply with tl)e appli¢ablc requiirments concerniiig ilie fonn and coiitent of accoiints set out in the Cliarities (Accounts Rcpoits) Regulatioiis 2008 other tliai) any requirein¢nt that the accounts give a 'truc and fail view ]71ch is iiot a matlei. considered as parl oran indepeiideiit examination. I have no concei'i)& arEd l)av¢ ¢ across no othcr Inattcrs iii coniiectian with the Cxdmination to which atl¢ntion should be drnwn iii tliis report in order to enable a proper unders]ding of the accounts to be rcaclicd. IKRS E A SHORT FCA Indend¢n1 Examiner Equitable Vlouse 55 Pellon Lanc Halifax West yOshIre HXI 5SP
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX STATEMENT OF FINANCIAL ACTIVITIFS YFAR ENDFD 31 DEI CFMRFR 2024 2024 Restricted Endownient fiinds funds Total funds Total funds 2023 Unrcslricted funds Notc Illcome and endowments Donatioiis and legacies Cliaritable activilit5 Other trading activilies Investment income 48,461 368 800 549 168,689 217,150 368 800 6,546 224,864 593,965 397 800 5,997 174,686 Total income 50,178 599.119 Expenditure Expenditui'¢ on ¢liai'itablc activitics 54.246 288.324 342,570 462,449 462,449 Total expenditure 54.246 288,324 342,570 Nel gaii)s o iiivcstineiits 431 431 Nel (expcnditure)/inetsme (4,068) (113,638) 431 (117275) 136,670 'rrlsferS between funds 23.760 (23,760} Other recognised galn8 attd losscs Net gains on inveslinents Net movement ID funds 2,023 138,693 (4,068) (89.878) (23,329) (117,275) RoeonciliAtion Df funds Total funds brought foi'ward Total funds carricd fonvard 3.260 207,603 23,329 234,192 95,499 (808) 117,725 116,917 234,192 The stalemciit OF financial activitics iiicludes all gains and10sses i'ecognised iji the ycar. All incoine and expcndÈture derive from colltiiiuing activities. The notes on pages 11 to 18 form pirt of these finaheÉal statemeiits.
THI PIIROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF KING CROSS. HALIFAX STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2024 2024 2023 Note FtXED ASSETS lllvestments 12 23.329 CURRENT ASSETS Cash 4t bank and in hand 118536 210,863 CREDrroRS: amounts falling due wltbin one year ET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 13 1,619 11@917 210,863 116,917 234.192 FUNDS OF THE CHARITY Endowment funds Restricted fullds Uurestricted funds 23.329 207.603 3.260 117,725 (808) 116,917 Total charlty funds 14 234,192 Thcse finallcial &talem¢uts wote approved by the board of trustees and authorised for issue on and aTe signed onbehalf of the board by: FR MGEL STIMPSON Inctunbent Tbe notes on pages 11 to 18 form p8rt of these financlal statements. io
THE PAROCHIAL CHURCH COUNCIL OF THI ECCLESIASTICAL PARISH OF KING CROSS. HALIFAX NOTES TO THE FIlY1CIAL STATEME4 NT,S YEAR ENDED 31 DFCEMBII R 2024 GENEI RAL INFOIIMATION "riie charity is a public benefit entity and a regist¢i'ed cliarity in England and Wales and is unii)corporated. Tlic address of the principal office is King Cross Vicarage, West Royd Aveiiue. Halifax, HXI 3NU. STATEMENT OF COMPLIANC These finanLial statemcnls have been prepared in coinpliance witl) fRS 102, 'the Finajici Reporting Standard applicable in tlie UK aiid th¢ Republic of Ir¢lai)d', tb¢ Statement of Re¢om?iieiided Pr8clice applicable to charities preparing Il)cir accounts in accordance with thc FiIian¢ial Reporting Standai'd applicdble in Ilie UK and Republic of Ireland (I.'RS 102) (Charitics SORP (I-. RS 102}) and the Charilics Act 201 I, and the Church Accouiiting Regulatioi)s 2006 ACCOUNTING POLICIES Basis of preparation Tlic finaiicial statcineiits have bccii pi'cpare(l in accoi'dancc witli thc Cl)urLh Accountiiig Regulations 2006 togctlier wil'h applicablc accouThtiiig slandards and the SORP 2005. The fiiiancial statcineiits have been prepared under the Iiistorical cost oonvention except foi. the valiiatlQi1 of iiiveslment assets. wl)ich are shown at market value. Th¢ finallcial slaleinents include all transa¢lionb, assetg and liabilitie5 for whlch the PCC is responsible iii law Going concern Therc arc no Indterial Lintertaintics abolit the charity's ability to ci>ntinue. Judgements and key Sources of estimation vncertainly The preparation of th¢ financial statements requires maiiagcineiit to inake judgcments, estiinat¢s aiid assuniptiliiis tliat affcct the ainoiint5 reporied. I'hese ¢stiiiiates and jlidgements arc continually reviewcd and al'e based 011 expci'i¢ncc at]d otlier faL'tors, including cxpectalions of future events that are btrlicved io be reasonablc iiiid¢r the cii'cuinstanL¢s. li
THF PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX NOTES TO THE FINANCIAL STATEMENTS (coiirfriNIEd) YEAR EDIDfD 31 Df4 CEMBER 2024 ACCOUNTING POLICIES (cfJJil1nii¥) Fund aeeouutillg Uni'cslri¢l¢d funds are available for use al tli¢ discretioi) ofthe tnistees lo furthcr any oftlie cliai'ity's pui'poses. Endowmciit funds arc funds, tlic capilal of whi¢li ITiLlSt bc mainlaiiicd.. only incoine arising fi.om iiivestmeiits of thL end0Mct Iiiay be used eitlier us restricl¢d or Linrcstricted funds depeNding upon tlie purp05c foi- whicli tl)e eiidowmei)I was establislied. Restricted fulids repre5¢nt income from ti'usts or cndowments which inay be expended only on those i'estricled objecLs providcd in the terins of the trust or bequest and donations received for a specific object or invited by th¢ PCC for a spccific object. The fui)d% Inay only be ¢Kpend¢d on the specific object for wliicl) they were giv¢n. Aiiy balance remaining unspent at the end of each year must be cari-iLd fonward as a balance oli titsl tund. Tlie PCC does Iiot it]vest sepai-ately For cach tund atsd beca115e of its matci-iality and difficulty in undcrtakiiig thc exercise intcrest is iiot apportioiied to cach individual fuiid. Rcsourecs expende Grants 2nd donalioiis ic I'e ttccoiiiited for when paid over. 'I'lie dI¢san coiiimon fund is accounted foi. whcii paid. All otli¢r cxpci)diLurc is gcii¢rally i'¢cogiiised when il is iii¢uiT¢d aiid is accounted foi. gi"05S. Investments Unlisted cquily iiivesttnents aie initially rccorded al Lost. and subseqLiently measured at Fair value. If fair value cannot be reliably Incasured, assets are measured at cost less impairmcnt. Listed iiivestments dre iiieasured at fairvalue with clianges in fairvalue being recognised in ii)¢onie or c.xpcnditur¢. Financial instrumeuts The cl)arity only has financial assets 8nd financial liabilities of a kind that qualify as basic finaneial iiistrumcnls. Basic financial inslruiiients are initially recognis¢d at Iransactioii value and subseqiienily tneasured at theii. settleineiil value with tlie exception of bank loans wlii¢h are subseqllenily measui'ed dt amorti5cd cost using thc cffective interest meth()d.
THE PAROCFIIAL CHURCH COUNCIL OF THE KCCLESIASTICAL PARISH OF KING CROSS, HALIFAX NOTEI S TO THE FINANCIAL STATEMENTS ( YEAR ENDFD 31 DFCEMBFII 2024 DONATIONS AI¥D LEGACIES unre$'[¢ted Restricted Total Funds 2024 DONATIONS Planncd giving Collectioiis and otlier giving Miscellaneous gift aid VAI. claim Donations Income lax rccoverL.d New organ project In511raiice cluims 20,654 22,974 13,108 77,553 2,641 8,464 61,436 15.108 4.981 7,866 8,127 77.553 1,262 6,456 2.008 61.436 LEGACTES Legaci¢s GRANTS Granls 10,320 10,320 217,150 48,461 168,689 IJT]restrictcd Funds Restt-icted Total flunds 2023 DONATIONS Plaiined giviiig Collcclions aiid other giving MiscellaneoL15 gift Hid VA'I. claiin Donations Incoinc tax Tecovei'ed Ncw oi'g'an project Jnsurai)ce claiins 19,590 3,440 4,443 683 7,645 7,684 19,590 3,440 10.435 88,109 43,001 15.899 401.900 1.094 5,992 87.426 35,356 8,215 401,900 1,094 LEGACIES Legacies 3,747 GRANTS Grants 6,750 6,750 43.485 550,480 593,965 13
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX NOTES TO THE FINANCIAL STATEMENTS fL11t1111l¢rfJ YEAR ENDED 31 DECEMBER 2024 CHARITABLE AC'riVrrS Unrebtricted Tutal Funds Uiii'estri¢t¢d 'fotsl Funds l unds 2024 Fuiids 2023 Fccs 368 368 397 397 OTHER TRADING ACTivrrIES Unrestricted TDtAI Funds UnKestricled 'fotal Funds 2024 Funds 2023 Hire of Parish rootL75 800 800 800 800 INVESTMENT INCOll/IE UnJrstricl¢d lind5 Rcstiicted TotAI Fund5 unds 2024 CBI,, deposit fuiid Bank intei'¢st Dividends (CBF investinent fiind) 5,804 193 5,804 258 484 65 549 5,997 6,546 Unrestricied Funds Restricled T'otal Funds Fuiids 2023 CBF dcposit Iiind Baiik intcrcsl Divideiids (CFJF investineiit furid) 3,259 3,259 60 638 60 638 698 3,259 3,957 14
TI.IE PAROCHIAL CHURCH COUNCIL OF THE El CCLESIASTICAL PARISH OF KING CROSS, HALIFAX NOTFS TO THE FINANCIAL STATEMENTS (coiiÉlnNed) YEAR ENDED 31 DECEMBEI R 2024 EXPFI¥IDITURf ON CHAKITABLE ACTIVITIES B Y FUND TYPE Uiirestricled Funds R¢stricted Total Funds 2024 Dioccsan parish conkn-ibution Cliurcli I'iiiiniiig ¢xpc115es CILrgy expen%es Co.£t of scrvic¢s Building? mdlIltciiaiice Ar¢hitectlSuivcyoi- fees Pi'iiitillg aiid srationcry Exli'a chaLlty donatiojis Committce for Missions Bank cliargc5 Wedding aT]d fur)eral fees New oi'gan pruject NEW roof pioject 24,960 15.191 24,960 15,191 1,436 4,155 2021 4,155 2,821 846 1,188 3,362 127 160 846 1,188 3J62 127 160 178,68J 109,643 178.681 109,643 54,246 288,324 342,570 Unrestricted I'.unds Resti'ictcd Total Fui)ds Funds 2023 Dioccsan pai'isl) coiili'ibulioii Churcli riiiining cxpeiises Clergy expeiises Cost of seTvices Building maintcnance ArGhitecLISurveyor fecg Prii)tiiig and stalionery Exti'u Lhai'ity doii¢ltion5 Coininiltee for Missioiis Bank charges Weddiiig and fuiieral fees New oi£an project 24,017 15,174 1.134 2.952 2,897 24.017 15,174 1.134 2,952 2.897 8,910 1,034 1,543 2.560 168 160 401.900 462,449 8.910 1,034 1,543 2,560 89 160 79 401,900 51,560 410,889 NET GAINS ON STMENTS Endowment TotAI Funds Endowiiiei)t Total Funds 2024 Funds 2023 Gainsl(losses) on listed investni¢nts 431 431 15
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX NOTES TO THE FINANCIAL STATEMENTS (coiiiliJii¢rf) YEAR ENDED 31 DECEI MBEI R 2024 10. INDEPfi NDEF4T fi XAIVllNATION FEES 2024 2023 ree$ payable to the iiidependent examin¢i- for. Indcpeiideiit ¢xamination of thc financial slat¢ments 300 250 I I. PAROCHIAL CHURCH COUNCIL REIVIUNERATION Af+lD EXPENSES Ali l)onorariuin of£i,975 was paid to onc of the trustees for tl)eir services as orgaiii8t and choir niast¢i'. No otli¢i' remuiieration or bei)efits fi'oin einployinent with ilie ¢hurL'li or a reldted entity were CeIVed by thc PCC. 12. If4VESTMEI Nrs The CBF Church of Investment Fund C051 or valu&tion Al l January 2024 Additioiis Di8pos&Is Fair value inove¥n¢iils 23,329 (23,760) 431 At 31 December 2024 Imp&lrment At l January 2024 31 Dceember 2024 Carrying ajlloullt At 31 December 2024 At 31 Decembti. 2023 23,329 All investineiits showii abovB are lield at valiiatioii. 13, CIIEDrroRS: amounts falling due within one year 2024 2023 Bat]k loaiis overdi'afis 1,619 16
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KING CROSS, HALIFAX NOTEI S TO THE DETAILED STATEMENT OF FINANCIAL ACTIVJtTIES (CLIAilitiie¢lJ YEAR ENDED 31 DECEMBER 2024 14. ANALYSIS OF CHARITABLE FUNDS Unrcstricted funds Gaiiis and loss¢$ 31 Dcc 2024 l Jan 2024 Incomc Expenditure l-rdnsfcrs Gcneral funds 3,260 50,178 (54,246) {8Q8) Gains and losses 31 Dcc 2023 l Jail 2023 Income Expenditure Transfer5 Gciicral funds 9,480 45,380 (51,560) (40) 3.260 R¢5tricted funds Gains and losscs 31 Dec 2024 l J] 2024 Income Lxpenditure Transfers Oi'gan flind Hcating fuiid Ncw Roof I". und OrgTan piojcct 1,740 19,439 98,918 84 377 53,055 121,170 1,824 1,816 84,090 29.995 (18,000) 41,760 (109,643) (178,681) {288,324) 207,603 174.6¥6 23,760 117,725 Gain5 and losses 31 Dcc 2023 l Jan 2023 Iiicome Expcnditure Trall5fers Olgan fiind Fleatiiig fund New Roof fund Orgaii project 1,670 18.849 44,094 loo 70 590 63,753 (8,929) 489.326 (401,960) 553.739 (410,889) 1,740 19.439 98,918 87,506 207,603 40 64,713 40 EndoTrvmènt funds Gciins and losses 31 De¢ 2024 l Jan 2024 In¢r)Ine ExpeiidilLirc Trjnsfers CIll-, sliarc iIIVC5tinent fui)d 23,329 (23,760) 431 Gains aiid losses J l Dcc 2023 l Jwi 2023 Income Expendilure Tnuisfers CBF share investmei)t fund 21,306 2,023 23,329 17
THE PAROCKIIAL CHURCH COIINCIL OF THE ECCLESIASTICAL PARISH OF KIIYG CROSS, HALIFAX NOTES TO THF DETAILED STATEMEI NT OF FINANCIAL ACTIVITIES ( YEAR ENDFD 31 Dl( CEIIIBER 2024 IS. AIYALYSIS OF NET ASSETS BETWEEI N FUNDS Unrestrictcd Fund5 Restricted Endowineiit Tot21 Funds 2024 liivestinciits Ciirrent assets Ci'editors less thali l year Net assets 811 (1,619) (808) 117,725 118,536 (1,619) 116.917 117,725 Unr¢slrict¢d l unds Restricted Endowinei)t Total Funds riinds 2023 Investm¢nts Current 8s.sLts Creditors less thall l year Net assets 23,329 23,329 210.863 3.200 207,663 3,200 207,663 23,329 234,192 18