St Stephens LEARNING TO LOVE AS JESUS DOES St Stephen's Church Preston Regsiwed Chanty I17] Annual Report of the Parochial Church Council for the year ended 31 December 2024
St Stephens LF'R[ 10.ab(L A,. JLJUS JtsLS st Stephen's Church Is situated in the 8roadgate area and Is part of the Deanery of Preston in the Diocese of 81ackbum. The Parbla1 Church Counol {PCC) Is a corporate body established by the Church of England under the Parothlal Church Counal Power5 Measure and a tharlty subject to the Charltles Att 2011 (registered number: 1196971). The postal oddress of the PCC is St Stephen's Church. Bird Street, Preston. PRI 8DY. St Stephen's Parochial Church Council (PCC) has the responsibility of cooperating 7kVith the Incumbent, In promotlng In the ecclesiastical parish. the whole mission of the Church. pastoral. evangelistlc, social and ecumenlcal. The PCC is also speclfically responsSble for the maintenance of the Parlsh Centre complex of St stephen's, Blrd Street, Preston. The PCC is committed to enabling as many people as p0$5ible to worship with us and to become part of our parlsh community of St Stephen's. The PCC maintains an overview of worship throughout the parlsh and makes suggestions on how our senilces can Involve the many groups that live within our parish. Our services and worshlp put faith into practice through prayer and scripture, music, and sacrament. When plannlng our activities for the year, we have considered the Commission's guidance on public benefit and in particular, the supplementsry guidan on charities for the advancement of rellgion. We try to enable ordinary people to live out their faith a5 part of our parish community through: Worship and prayer; leaming about the G05pel' and developing their knowledge and trust in Jesus. Provision of pastoral care for people living in the parish. Missbon and OLrtreach work. To facllitste thi5 work, It Is Important that we maintsin the fabric of the Parish Centre of St Stephen's. structure, Governanc and Management The method of appointment of PCC members is set out in the Church Representation Rules. The PCC membets 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. New members recelve Inltial training Into the workings of the PCC. The full PCC met eight times dudng 2024. Members of the PCC are either ex-officlo or elected by the Annual Parochial Church Meeting (APCM) In accordance wlth the Churth Representatlon Rules. PCC members who have served from l January 2024 until the date of this report are: Cler9Y: Reverend Dave Hanson (Incumbent and PCC Chalr to 30 Jun 2024) Reverend Barbara Hunter (Assistant Curate to 30 June 2024. Curdte in Charge and PCC Chair from l July 2024) Reverend Augustine Omavuebe (Reverend Omavuebe is ordained in the Church of Nigeria and Is a member of this PCC by virtue of being derk in holy orders with permission to offlclate.) Page 2
St Stephens LfAIINIFIG TO 4 PIJE AS ICUVJ 015 Wardens Miss Fiona Duncan Mr David Ranknn Deanery Synod: Mrs Stephanle Rankfin (LLM) Mr Anthony Riley (elerted 19 May 2024) Elect Members Mrs Hannah Falkingham Mr Tim Fenna Mrs Hannah Gaskell Mr Peter Gaskdl Mrs Louise Harlow Mr Andrew Hirons Mrs Mel Hollaway Mrs Hannatu Mshelia Mr Nisthal Lamichhane (elerted 19 May 2024, reslgned 27 January 2025) Mrs Patrioa Flnder Mr Andrew Pratt Mrs Sarah Woolford Other Ex-offldo Members Mrs Natslie Cox (resigned l May 2024) Mrs Cox was an elerted member of Diccesan Synoj and therefo an ex-offido member of this PCC. Mrs Stephanie Briggs. Church Operations Administrator, was the appointed PCC Secretsry until September 2024. this role is now filled by Miss Fioffla Duncan, Warden. Deanery Synod Two members of the PCC s•t on the Deanery synod. This provldes the PCC wlth an important link between the parish and the wider $trUrtu of the church. The PCC rettlved reports from the synod meetings and was able to ask questions about what took pla. Worshlp and Prayer The PCC aims to offer a range of services during the week and over the course of the year that our community find both beneficial and spiritually fulfilling. Our usual pattern is to hold servi$ at 10.30am on Sunday mornlng and at 6.00pm on Sunday evenin9 as well as extra servlces for Ash Wednesday, Maundy Thursday, Good Friday, Asonslon Day, Christmas Eve, Christmas Day and St stephen's Day. All are welcome to attend all our services. On 31 December 2024, there We 103 parishioners on the Church Electoral Roll (compared with 99 on 31 December 2023). In addition to the services, members belong to small groups whlth meet for fellowship, prayer and Bible study. There is also a monthly prayer meeting. We were pleased to be able to conduct 16 bapts.sms in the year (10 adult and 6 infant) as well as 14 confirniations. There were two funerals In churth during the year and one memorial service. Page 3
<XSt Stephens 'HIL- 10 ICIE A,. Revlew ol the Yr - Reverend Barbara Hunter wrftes: A5 1 reflert upon the past year. I am drawn to the faithfulness of God In tlmes of uncertalnty, Thls past year has predominantly been one spent in vacancy as we said goodbye to a much-loved incumbent and wife who were very much part of the St Stephen's family for some tlme. I know that for many. this was also a tlme to moum the loss of this relationshlp, but thank God for what we each leamt during Dave and Ine'S mlnlstry at St Stephens. As I write this, my eyes glance towards our verse for this year: X l am dolng a new thlngl Now It 5prlng5 Upj do you not pernlve It7- _ taken from lsaiah 43. 1 pray that we wlll each be able to perceive spiritual growth Mthin ourselves over this last year as we endeavour to confomi ourselves less to the worfd and MO towards Chrlst. As this year is also a dI0san year for prayer and growth and renewal, we pray that God will continue to grow us t)oth spiritually as well as numerically in our church communities. And what better pla to do that then in our community here In Broadgate where God has brought such a collaboratiorb of people and glfts together to help share about Jesus in this small comer of the wortd. Amazlng things continue to happen here as we diSrn what it means to follow Jesus. Thls year's new electoral roll shows that we continue to grow steadily in numbers year on year and have done over the past few years. This is something we must never take for granted but must remind us to olways main faithful in prayer and in seeking God In tnjth. Next month we welcome the Rev'd Clive Beard and his family to St Stephen's as he takes over the role as Incumbent. This position was filled in a timely manner thanks to the work of the PCC. Please do pray for Clove - that hbs move here will be a smooth transition and that he Ydill be able to take thls community even doser in relationship with Jesus. Reflecting on slgns of growth during these past few months, we've had the Joy of welcoming two in baptism and to have had Bishop Philip confim) five young people. We look forward to Bishop Jill coming at the end of this mmth to confirm several more and I think you'll agree who wonderful It is to see how people are taking their faith seriously and wantlng to learn more! Having two members of our communlty linSed as ALMS in September at the cathedral after completlng their training and with several more undertaking this preSS at the moment, It is exoting to see how God equips his people for minlstry here. After seeing the youth lead two evenlng worship servlces, l am sure that there will be more leaders of the future emerging too. Hartington Road continues to be a hive of activity, presence and creatlvity in sharlng the gospel to those on the fringes of church. Since the wonderful crowdfunding and community painting of the mural followed by the official opening of the hut, lots of new things continue to happen at Hartington Road through the support of a tireless gmup of volunteers. Thank you to Kate and the team for your eneryyi vlsdom and prayers In seeking ways to share about Jesus. May I take thls opportunity to personally thank you all for being part of this famlly and the gifts YOU bring. It has been nearly four years now since l Jolned you at St Stephens and I have to Say I have grown In that time - in knowledge, In my relationship with God, and In My love for you all. Thank you for tsking Ca of me too during this past year especially. May we continue to see and partake with Jesus in doing even more in this parish and in thi5 diocese this next year - Pe4
St Stephens LF'IININ'C 10 Fabr5c Report The church remains in good condition. There have been no major worts or Issues in 2024. Small Items of maintenance have taken place throughout the year. We are grateful for the support of all who contnbute to the life of the thurth and the work of Stephanie in the office and Bed¢y deaning the churth are a real blessing to us all. Flnancos Unrestricted fund income in the year to 31 December 2024 was £112,393 {2023 £107,111). Total income including restricted funds In the year was £131,126 (2023 É147,811). Restricted Income in 2023 had been boosted by a number of grant awards and activltles and this has not been repllcated to the same extent in 2024. resulting In an overall decrease in restricted income for the year. New grants received In 2024 Sncluded Spacehlve matched fundlng from Lancashire County Councll to support a Communlty Art Project at Hartington Hut and a grant from the UK Shared Prosperity Fund Sports and Leisure ProJert via Preston aty Counal, which is funding the purchase 1¢ sports equipment and enabling community sporting events. Durlng the year ended 31 December 2024 a total of £112,284 (2023 £111,734) was spent from unrestritted funds to provide Christian Ministry from St Stephens Church. Total expenditure from all funds was £140.183 (2023 £147,766). Overall, unrestritted fund Income before transfers exceeded expendlture by £109 (2023 had been a defKat of £4.623). The equivalent figure for all fund5 wa5 deficit of £9,057 12023 was a surplus of £46). Lookin9 at the General Fund on its own. expendrture exceeded income by £449 befo transfers (2023 a deficit of £2,756) and following a transfer of funds from the Lunch aub restncted fund In respect of utllities costs. the net movement in the General Fund In 2024 was a surplus of £51 (2023 a deficit of £2,256). Unrestricted voluntary income in the year intreased by £3.516 (4.4%)- We have 25 donors (some of whom are Indlviduals and others represent households) signed up to the Parish Givlng Scheme as well as 10 donors continuing to give by standing order. In 2024 Around 25% of the Sunday cash collection was taken through contactless payments. The equivalent proportion in 2023 had been 45% but thls change 15 more a result of an increase in cash giving, as opposed to a dease in contactle55 giving, whlch continues to be popular. The laryest element of our costs was É63,718 (2023 - £60,418) on our Di0san Parish Share, which provides for the cost of dergy stipends and houslng. The Diocese calculates the amount that each Individual parlsh needs to contribute according to a fomiula, which considers several fartors, induding church attendance and socio-economlc fartors within the parish. Our other expenditure related to other ministry costs, staff salaries, the costs of maintalning and using our Parish Centre and the cost of our activitie5 as a church. Ministry costs We reduced in 2024. as result of the vacancy. We remain committed to giving IO% of all our voluntary income to a range of charities. ReseNes on 31 December 2024 were £82,973, of whlch £19.376 repSentS the residual balance of pmceeds from the sale of 10 Tyne stet (The Snape Fund). £29.717 is the general reserve, £23,453 the Audlo-visual reserve and various other restricted reserves totalling £10,426. 2024 had been expected to be flnancially thallenging and the PCC approved an initial General Fund budget for the year with a defiat of income over expenditure of around £6,000. However, whlle expenditure in 2024 was broadly in line with budget, income for the year was 6% higher than expected, enabling the final outtum to be a small surplus of £51. The main fartors here were some additional sundry donations, totalling £2,262, a larger than expected fi.nal tax refund for 2023 adding £997 to the total credited in 2024 and an unexpected windfall at the very end of 2024 in the shape of an addits'onal dlstributlon of Low Income Communities Funding from the Diocese of Blackburn, £2,502. Page 5
St Stephen's However, the undeTlylng Income profile for the pamsh has not grown. Planned giving levels are stable rather than increasing. The PCC has therefore approved a budget for 2025, anticipating a general fund deficit of up to E4,500. All reasonable measures to manage costs are being taken, We continue to be very grateful to everyone who can pport the work of the church finanoally and trnst that voluntary income will increase in the coming year to enable church attivities to continue in the future. Reserves Pollcy It is PCC poliLry to try to maintain a balance on free reserves (net current assets) whlch equates to at least three months. unrestricted payments. This is equivalent to around £28,000. It Is held to smooth out fluctuations in cash flow and to meet emergencies. The balan of the free reserve5 at the year- end was £49,093 which is comfortably higher than this target. It Is policy to invest short-term investment fund5 in a deposit account. Rlsk Man•gement The PCC regularly reviews the major risks to which it may be exposed and has establishe(J a range of measures and procedures to manage those risks. This indudes ensuring appropriate health and safety and safeguardln9 procedures are in place and wor*ing effectlvely. Banker HSBC 49a Flshergate Preston Lancashire PRI BBQ Approvèd by the PCC and slgned thelr behalf by Reverend BarbJr• Hunter, PCC Chalr. 30 March 2025 Page 6
CKSt Stephen's LkAiINING 10 L-, VI AS JE)115 DOIS Independent Examiner's Report to the membersitrustees of St Stephen's Church, Preston, Parochial Church Council. I report on the accounts for the year ended 31* December 2024 which are set out on pages 8 to 18. RPectIVe responslbilitles of the TNstees •nd Indepffident Examin•r As trustees of the charity, the members of the PCC are responsible for the preparation of the accounts. They consider that an audit is not requlred for thos year under sertlon 144(2) of the Charltie5 Att 2011 (the 2011 Act) and that an independent examination is needed. It Is my responsibillty to: examine the accounts under section 145 of the 2011 Act, follow the procedures laid down In the General Dirertlons glven by the Charlty Commissioners section 145(5)(b) ofthe 2011 Act, and State whether particular matters have come to my attention. Basls of Independent Examlner's Statement My examination was carried out in accordance with the General DirectSons glven by the Charlty Commission. An examlnation includes a review of the accounting records kept by the charity and a comparlson of the accounts presented with those records. It a150 indudes consideration of any unusual items or dlsclosures in the accounts and seeking explanations from the management committee concerning any such matter5. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently no opinion is given as to whether the accounts present a rue and falr view" and the report is limited to those matters set out in the staternent below. Indep¢nd¢nt Examlner's Statement In connettion with my examination. no matters have come to my attention: l. which give me asOnable cause to believe that in any materlal respect the requlrements to keep accounting records in accordance with s.130 of the 2011 Art, or to prepare accounts whith accord with these accoundng récords have not been rnet: or 2. to whlch, in my oplnion, attention Should be drawn in order to enable a proper understanding of the accounts to be reached. Debbie Hale ACMA, CGMA Stjllwaters 2 Langton Brow Longridge Preston PR3 3XH Page 7
CKSt Stephen's AI IL'JUJ Jti, S Toiol Jnryin¢w• Churth a¢trdlo9 •5.028 25.802 1.005 17.337 38.891 4120 84.041 $8.889 4.322 352 3115 50ts inc4m#¥J rtSOLtes 51 271 206 147MI1 111313 ••JJJ 131.1 chur•& Oth¢r 112.172 27.1 235 139.eJ3 235 147846 112384 14•.113 147.766 trtnr• 109 P.0571 757 1.257 1.880 t>oss ¥¥n8f•rs bE&Yeen ndS.01 0errect¥ffii1sd gain111•5 1757] (5001 19057 49341 42.788 3JI79 9229 13.973 91 •ZP29 Genwal Fund 29.717 29.717 Snape Fund 19.376 1•.376 19.$76 23.453 875 23.453 875 27.761 6.1 ?2 B¢n•l•dTikJ81 rrt8uetithwyFLm 511 1.894 442 793 3.385 815 615 815 Pan5hv•nd Rthl stson 225 225 Sppual Sporty Equipm•nt TOda•rGrfMJp 681 1.983 3*34 384 388 33¥ I229 PaRe 8
St Stephens LI'PNING 10 ,OF'I A! Jgr)lJ J LIOIS 3111Y24 31112123 Fth•dAss•t Boiler 8.892 23,967 9.499 27.961 37860 AvsleM Total Rx•d A•8ets Cuff•ntkts)unt 13.877 24,018 23.530 1.095 Deposilknount Sobjo knunt 29.087 1,639 Lunt Club Crrentl)?Unt lA¥¢elIanU$ Paounts knunts Relb 50 7.321 7.811 67,48S Tol•l 62.936 Tot1 Lknbilid• 2123 82.973 9U12• su1w IIDeficitlforYr Slarthw Total Ps•rb•$ 19.0571 92.029 46 91.984 82973 921129 Approved by the PCC and signed on thalr b•half by Raverend Barbara Hunter, PCC Chalr. 30 March 2025 Page 9
St Stephen's L Al LtsiS 8alanc•$ Brought Fon¥anl Canled Foan1 Incomlng Trnnthr4 LlY••trkt•d General Fund 111.835 1112.284) soo 29.717 0tr8lgn•trd Snap? FuThJ 19.575 557 17571 19,376 RMtrki•d gency AVFund 235 1235 14.3271 1303 19.8951 11.731 11.897 13.0861 27.781 6.112 23.453 875 8enela Trust 14.935 4.935 ComMunitybr Disuebonary Fund H0rbn9b)n Hut Lunch Club mSpac• Pansh Kek¢nd 4.959 1.894 442 511 1.6 2.706 600 795 3,38S 615 2,504 615 11371 17 1201 157 Refill stsbon Spo¢ehNe Special Collethofts Spots Equipment Toddlei (¥oup 225 2252 2.147 {22501 13 4481 3.634 57 1401 •229 131.128 1140.1831 82,•73 Paxe JO
C/ St Stephens "ANII4G 10 .OVI A( SLJUS DCJL< Notes to the Accounts l. Accountlng Poll¢le$ The PCC is a public benefit entity within the meaning of FRS102. The finanoal statements have been prepared under the Charities Act 2011 and in accordance with the Church Accountlng Regulations 2006 governlng the individual accounts of PCCS. and with the Regulations true and fair view" provisions. These statements have been prepared under FRS102 (2016) as the applicable accountlng standards and the 2016 version of the Statement of Recommended Practlce, Accounting and Reporting by Charities (SORP(FRS102)). The statements have been prepared under the historic cost convention. The financial statements nclude all transartions, assets, and liabilities for which the PCC is responsible in law, They do not nclude the accounts of church groups that owe theor afflllatlon to another body, nor to those that are infomal gatherings of church members. FUNDS Restrlcted funds These are income funds that must be 4)ent on restricted purposes and detsils of the fvnds held and restrictions provided are shown in the notes to the accounts. Unrestrkted funds These represent the remaining incorne funds of the PCC that are available for spendlng on the general purposes of the PCC, induding amounts deggnated by the PCC for fixed assets for Its own use or for spending on a future projert and which are therefore not included in its "free reserves" as disclosed in the tnJstees' report. Deslgnated funds are general funds whlch have been designated by the PCC for speciflc purposes. However, balances remaining on these funds can be allOCated by the PCC. There are no Endowment funds. ASSETS Consecrated and Benefice Property In so far as consecrated and benefi property of any kind is exduded from the statutory definition of"charity° by Section 10{2) (a) and (c) of the Charities Att 2011 such assets are not capitalised In the financial statements. Moveable Church furnl$hlng$ Moveable church fumishings held by the vlcar and churchwardens on special trust for the PCC, and which require a faculty for di5POsal, are inalienable property, listed in the church's Inventory. For Inallenable property acqubred prior to l January 2001 there Is insuffiaent cost information available and thef¢re such assets are not valued in the accounts. Tanglble fixed assets for by tharity These are capitalised if they can be used for more than one year, and cost at least £2,000. They are valued at cost or valuation, over thelr estimated useful lives. INVESTMENTS Short term deposlts represent the cash held on deposit at the bank. Plwe JI
St Stephen's A:. DOL,. IMCOME Relct•d Fundts Total 2023 Vohxrtary lrtomt Flanned •Thj.. Stsnding Order5 Pansh Gn9 Sdwne TaxR•cth•rnbl• 11.054 52.607 14,076 14,149 48.017 75249 $2.607 14.076 Colleclons". 1111 3.846 2.693 TaxRecorJble Donations 962 SundryOonath"ons 2,262 485 2,746 312 771 TaxRecmeTrb Donations. appeats e 1.734 2P09 1.734 •7J37 3132 86,028 84W1 Fees 187 187 304 Reojrring Grants Ce Off Grants Chwth Hall Letmgs". PCC Ckni•ds 24.515 4.858 8.312 29.373 8.312 1.100 30 602 17.433 2.160 8369 1,1 1811 38191 2501 13J)69 5aM89 AclS%th• forg•Mrath¥ fun Lunch Club Inojme 2.6B6 17 3.284 61 Refill Ststion 17 Church Hall 1gllin95- nd raising Youth ¢>oup carwash 1.005 320 413 213 3.115 4.120 4A22 kncome from Intrnnts 353 363 Cth¥rino)mir*g resour$ 51 220 271 2( 61 220 271 Ttltsl hKt)m• 18.733 131.120 14711 Page 12
CKStStephens LCAHNIP4G IO, bVI AC ICJUJ DOIS EXPENDmiRe R•slricl•d Fund• Totsl ct8 of&n•rath)n d Vohmttary Card Cha 119 119 Church Actt¥lU•• GThing 3.403 2.552 2A52 3.403 2,552 2.552 1,531 2.467 3,230 2,422 2,794 585 Relieland Deh)pment Uk Chrisban Disu•tionaryFund Special lIe(40n8 4•ncy P•yn•nlg 1A31 2.467 2,900 J.998 125 11.931 P8rish Share 83.535 13,044 4.397 63.535 23,030 4,397 60.418 23,268 6,839 158 Costs ol Ernpltssfnent OtherklnistyCo8ts Pansh Training Church Sèrnie• Costs 820 820 163 1fi8sion and Churth Lknups Co¥lofebpnts 7.920 15.309 2.616 2.108 3.342 309 Equipment and Fumfjbjre ITCosb and LInCeS Churth PInta1nan an¢J other Running Costs Utilitie5 53 1.110 1,163 8.398 8,568 344 8.743 9.985 4.601 D•wcialb)n on Equipm•nt (Xh•r 3,994 235 4.601 235 103M6 23199 12764 1J5.715 Totsl R•*oure Exp•nd•d 112•4 27199 140.183 147.766 Page 13
St Stephens LfA41.4ir4(i Its. LIOLS 4. Pald Employees The PCC employed three part-time workers throughout the year.. a cleaner, an administrator and a community support worker. The PCC also employed a part time youth worker for part of the year. The equlvalent number of full-tyme employees on 31 December 2024 was 0.88 FfE. Y•ar &Klèd 31 Lkn¢•fflr 2024 Y•ai Endpd 31Docemr 2023 Ihn•tri¢t•d R••trict•d Tot•1 Totsl Salariès 13,044 23,030 12.380 10.889 23.268 OtherCo¥lS ofEmployn¢nt Total siff Co•t• 13W 23.03 12280 1089 23,268 5. Tangible Fixed Assets. A new audlo-vlsual glstem was Installed in December 2020 and Is belng depcIated over its estimated useful economic life of 10 years from January 2021, chargeaf)le to the Audio-visual Fund. 14ttknk• nd TfA•l Co•torvk¥ll BalarKe brOUgh¢knrd P4dib"or 57,407 57.407 'sposals knpainnenl Balaft carried knrnrd 57.407 57.407 Balanc brought eard Deprec40lion &)rthg sFar Disposals B8lancecarri#d fiJThv•r 19S47 4.601 19.947 4.601 24.548 24,S48 lt PJ)¢k V1* Brovghtbrward Cafrled 37.460 32.859 37,460 32,859 Page 14
St Stephen's -HNIN'GIO'.OVE AC JIJUS OU15 Grantmaklng lkntrlc¢•d iknlJktsd R••knt•d Ml¥•ionwy Ss>GSvth bcYfe Tr¥AL8tor8 14•3 42JQ P•ll•f and D•wJlown•nt 1.701 851 1.615 Tear Street Pa¥tsxs 1251 1.186 Sp1¢1 Coll•ciior Fbxk FIAC48h I)rtrrS 2022 Izwrimol Cri%ifts AFpea 2023 IW (?AS&J*r C4np Yrxrth I>p Fqw &sh¢)p¥ FknsiAFral FIlS of The Ftty L8Th1 372 1.874 1,413 rd4 372 103 121 iiii 215 114 Tot•lB 074 These donations include PCC donations as our commitment to give away IO% of our Income (a tithe) from giving and tax refunds. The chartties benefittlng from this, and the amounts donated are as shown above. Donatlons received for the Community Connectors tharity at the weekly Food Mat1(et are handled by the PCC on an agency basis and accounted for through the balance sheet. The sum cdlected in 2024 v¥as £298 (E305 in 2023). Page 15
C/St Stephen's Lf"IlNIN'G 10 v Es 6. D•btors and Prepayments Y•ar End•d 31 tkn¢ember 24 Year Wed 31 Dec¢rnbèr 2023 iknre•trklod Lknr¢trlcted J• TrA•l Tolal TaxRefvThJs 2023 Tax Refvnds 2024 3.441 3.441 3.1CM) Grant mcom• 2.466 2.466 550 Prepaynents ue(I Incom¢ 787 787 550 671 1.353 Totsl 7231 7J21 4A62 3,149 711 7. Credltors and Accruals Ye•r Endod 31 D•e•mbèr 2D24 Y•ar Etsjtrd 31 rxc•mb•r 2023 Lknregtrkted Pstrt¢ted FdI Totsl Tdal Charilable 2022 276 276 Charitable &"bing 2023 h•rrtable &Mng 2024 ruals IPAYE 703 703 1.137 1.137 1.217 700 1217 700 Deferred kncome 7LN) 7C 2.717 106 2W23 296 Page 16
St Stephen's LFnRNINGIO LOV[ AS JE')US DOIS 8. Restrlcted and Deslgnated Income Funds Fund Nam• and Restrfctlons Funds received and paid on behalf of another organisation. Funding related to the alI0-¥Isal equlpment purchased in 2020. induding (lonatlon5 specfjflcally for thts purp)se. en Audlo-vlsual Fund Funds rec•ved from the Benefact Trnst and used to a Youth Worker Bw)efact Trust Funds Received from the Di05n Ministry Fund and used to enwloy a Communlty Worker. plus occasional Small grants fvom l¢xal chrtIeS to support thls work Comrnun Worker Restricted Holds church family c¢xftributiMs glven for the PCC or incumbent to make available to 1p people In indlvidual need. Income and Expenditu lated to the Hartkngton Hut projett, Ind1ng small grnnrs from local Charte5 to support thls work. I Income ralsed and expenditure Inrred In respect of the Lunth aub Plus. induding Small grants from I?1 dwrities related to thts work. tHscretbonary Fund Harti ton hut Restrrrted Lunth aub Plus Funds recetved from the Together Trust and used to support communlty develo ment erts. Mums Restricte Income and expendlture related to the bl-anrnal parish weekend away. Parlsh Weekend Income and expenditure related to the -MOnthlY refill Refill Station Holds the bakTrce of funds from the salè of 10 Tyne Street aTrJ is named after Miss Amy Snape, whose le9ary made the orHJin41 purchase possible. The fund is used to fvrther the nussion objectives of St Stephens. Income and expenditure related to the Hartington Hut Crmmunity Art Pro Sna e Fund nated Spacehive Restricted Speoal Cdlections for charltles or other initiatives are hekl from time to time. The Income Is restrlcted and is all sent to the or purwtrse for whlch It Is ¢ollerted. S eclal Collections Income and Expenditure relating to a grant from the UK Shargj Prosperity Fund Sports and Leisure Project (via Preston City Counol) Irh¢crfne and expendlture from the weekly toddler 9roup. S orts Equipment Toddler (*oup Page 17
St Stephen's LLn1<%5NG 10 IEJUJ 9. Transfers between funds The maln transfers between funds in 2024 induded: £500 from the Lunch Club Plus to the General Fund as a contrlbutlon towards utilltles ¢osts. £600 from the Snape fund to the Hartlngton Hut Fund to support mission activities É4.935 from the Benefart Trust to the Community Worker Fund, to support salary costs. There were also some minor transfers to dear balan on fund5 that are no longer active. 10. Related partles A total of £713 (2023: £2.239} was paid out to PCC members (or their dose family members) as reimbursernent for various parish expenses. Thts does not include expenses paid to the incumbent or curate in charge, a small immaterial portion of which may have related to their servi5 as PCC chair at different points in the year. No other payments or expenses were paid to any other PCC member, persons dosely related to theJn or related parties. 11. Prlor Year Adjustment During the course of preparing these accounts a discrepancy of £51.48 was identified in the balance of funds held in the deposit account. Upon investigation it was found that the Incorrect balan for thls account had been imported into the PCC'S ledger system when it was first adopted in January 2021. This is not a material matter but has been corrected in 2024 as a prior year adjustment and credited as income to the Snape Fund. Page 18