# **Upper Wharfedale & Littondale PCC** ## **End of Year Financial Statements** **Year ending Dec 2024** REGISTERED CHARITY Reg No. 1205821 ## **UPPER WHARFEDALE & LITTONDALE PAROCHIAL CHURCH COUNCIL** ## **FINANCIAL STATEMENTS** ## **YEAR ENDING 31 DECEMBER 2024** ## **Introduction & Summary** Once again, we have ended the year in a positive financial position recording a surplus of income over expenditure which has led to an increase in our overall assets. To some extent, this was unexpected since we had planned to spend funds this year on repairs to our buildings following the quinquennial inspections that were undertaken in October 2023 on our churches at Arncliffe and Hubberholme as well as the Buckden School Room. Despite our best endeavours to engage with the architect, the report for Arncliffe was only received in December 2024 and the other two remain outstanding which puts us in a frustrating position. We budgeted for buildings expenditure in both 2023 and 2024 but ended with money unspent as without the reports we cannot commission that work that is likely to arise from the inspections. Having originally budgeted for a deficit therefore, the lack of buildings expenditure has resulted in an overall position at the end of the year as follows: |he year as follows:|| |---|---| |Total Income|£125,386| |Total Expenditure|£106,665| |**Surplus**|**£18,720**| Our income has increased this year by some £4000 almost all of which can be attributed to an improved returns on our investments and savings. Our investment returns now represent almost 24% of our total income and the extent to which we rely on this to meet our day-to-day expenditure should not be overlooked. Our expenses increased by around £15000 compared with 2023. Most of these increases were expected but we did incur approximately £5000 of fees associated with undertaking reports required for our legal claim in respect of defective workmanship on the Arncliffe Tower project. Our claim was submitted by our lawyer in December 2024 and we await the outcome but this is unlikely to be straightforward. ## **Income** The detailed figures are available later in the report but a graphical breakdown of income is shown in the table below together with a comparison with the previous two years. Most items are self-explanatory but a few are worthy of note: **----- Start of picture text -----**
Income Summary
40000
35000
30000
25000
20000
15000
10000
5000
0
2022 2023 2024
**----- End of picture text -----**
~~1~~ **UPPER WHARFEDALE & LITTONDALE PAROCHIAL CHURCH COUNCIL** ## **FINANCIAL STATEMENTS** ## **YEAR ENDING 31 DECEMBER 2024** ## Donations Our largest donation by far continues to be received from the Kettlewell Scarecrow Festival which represents just under 10% of our total income. Although the festival has been running for many years, this contribution should not be taken for granted and it must be remembered that, not only is it awarded at the discretion of the festival committee, but the festival itself is not guaranteed to run for ever and we should be prepared for this eventuality. In addition to the festival, we have been blessed with a number of other donations which are too numerous to list but the following larger amounts should be noted: |**Amount (£)**||**Purpose**| |---|---|---| ||1,000|St Mary’s Kettlewell (Building/The Link)| ||6,350|St Oswald’s organ repairs| ||2,000|St Mary’s Kettlewell churchyard| ||1,000|Unspecified| ||1,500|Unspecified (filming ACGAS)| ||11,500|General (Kettlewell Scarecrow Festival)| ||2,000|Unspecified| We have now had contactless card readers at both Hubberholme and Kettlewell for two full years and these continue to be a popular way of donating and have generated £6171 and £2211 respectively in 2024 which is an increase of 32% on the previous year. Both devices are now operated through GWD with payments processed via the Parish Giving Scheme which means that donors can now elect for Gift Aid at the point of donating. Church Plate collections are falling slightly as more people use contactless instead, but Box donations are holding steady indicating that the contactless gifts are largely in addition to what we normally receive. We are fortunate to have a large number of visitors to the villages and churches in our parish. In addition, the ‘donate’ button on our website generated a further £550 in payments during the year. ## Planned Giving The amount we receive through regular donations has been relatively stable since the introduction of the Parish Giving Scheme in 2021. We are fortunate that around two thirds of regular donors have elected for their gifts to be index linked which protects the value of the donation to us in real terms. However, we need to be cognisant of the fact that many of our donors are middle to late aged and that new donors are not replacing those who have sadly passed away. We need to plan for the fact that our income from this source may fall in the future. ## The Link Net advertising revenue together with nominated ‘Link’ donations amounted to £6483 against printing and associated costs of £6034 meaning that the publication just about managed to cover its cost again this year. This is reassuring to the large number of people involved with the production and distribution of the magazine which is well received by the residents in the parish. That said, finding advertisers, and getting them to pay for their advert, is becoming more of a challenge each year. ~~2~~ **UPPER WHARFEDALE & LITTONDALE PAROCHIAL CHURCH COUNCIL** ## **FINANCIAL STATEMENTS** ## **YEAR ENDING 31 DECEMBER 2024** ## Gift Aid The amount of Gift Aid recovered this year was around £2500 lower than in 2023. This was to be expected since our donations in 2022 were unexpectedly high and our main Gift Aid claim is done a year in arrears so this was reflected in the 2023 claim. The Gift Aid on a larger proportion of our donations in volume, if not value, is now undertaken at source since any payment processed through the Parish Giving Scheme – namely regular monthly gifts, and contactless – are claimed immediately. This helps administration and also to even out the peaks and troughs in our income. ## Fees for Weddings/Funerals The spring and summer of 2023 saw a bumper year for weddings in the Parish but conversely there were none in 2024 although sadly a larger number of funerals. The overall effect of this meant that our fee income was down by £4000. This is an income stream that is hard to predict but there does seem to be a trend of fewer church weddings nationally which is also reflected in our numbers. ## CCLA Interest & Dividends As noted above, our investment income now accounts for around 24% of our total income. The vast majority of our investments are in share funds managed by the CCLA which provide us with quarterly dividends and the hope of capital growth from the underlying share value. This strategy has helped to grow the assets of the PCC in line with inflation and provided much needed income to fund our day-to-day expenditure. We also have some cash deposit accounts with the CCLA that, since the financial crash in the late noughties, have provided negligible interest. However, in the last couple of years, interest rates have risen and in 2024 these deposits generated almost £4500 in income. As we look to spend money in 2025, these cash deposits will be the first funds to be called upon so we should not expect to receive the same return next year. In addition it is expected that interest rates will start to fall from the middle of 2025 onwards. ## **Expenditure** **----- Start of picture text -----**
Expenditure Comparison
30000
25000
20000
15000
10000
5000
0
2022 2023 2024
3
Fund Raising Costs (Gen) Fund Raising Costs (Friends) Card Fees - Card Processing Fees Churchyard maintenance Building repairs & maintenance Insurance Water Oil Gas Electricity Cost of Services Organist Fees Bell Ringing Fees Clergy Expenses Architect's Fees Major Work Architect's Fees normal The Link Independent Examination Costs Salaries & Wages Licences Sundries for Services Governance Costs Other Administration Costs Miscellaneous Running Expenses Parish Share Charitable Donations Youth Group New Buildings/ Equipment Professional Fees Card Reader Fees
**----- End of picture text -----**
## **UPPER WHARFEDALE & LITTONDALE PAROCHIAL CHURCH COUNCIL** ## **FINANCIAL STATEMENTS** ## **YEAR ENDING 31 DECEMBER 2024** Our total expenditure in 2024 was around £15000 more than the previous year although not as high as expected given that we were planning to spend more on buildings and repairs had the Quinquennial Inspections been received. The full breakdown of expenditure is shown in the table above. Most items were in line with expectations although the following are worth a mention: ## Buildings Repairs and Maintenance Apart from normal expenditure, there were two main items that make up the majority of spend in this area. The first relates to the repair of the organ at Arncliffe which was completed in January. This had a total cost of £8160 although we were able to reclaim the VAT and the net balance was covered by a generous donation. The other major item of expenditure relates to the £5000 cost of a replacement oil tank at Kettlewell following the failure of the previous bunded tank. This was unexpected and therefore outside of the agreed budget but was an essential item to replace. ## Energy Costs Having been protected from rising electricity and gas and prices through having fixed rate deals at the time of the energy crisis, our costs are now beginning to rise. We continue to monitor our usage and elect for new fixed rate deals when these look attractive. All our buildings now receive electricity supplied by Octopus which makes administration relatively easier and maintains our green credentials. When required, oil is sourced through local collective buying groups and gas is supplied to Conistone by Calor on a fixed contract. ## Professional Fees The fees incurred in this area relate largely to the costs incurred for the investigative reports to Arncliffe tower in support of our legal claim. If our claim is successful, there is a chance that some or all of this might be recovered but, at this stage it is too early to say. Fees of £840 were also payable to WBW surveyors who acted on our behalf in the letting agreement relating to the Arncliffe fields. ## **Assets and Funds** The value of our share investments rose by 2.3% during the year and, at the year end, amounted to £916k along with cash deposits of £126k. A large proportion of this relates to restricted funds – as outlined in the tables below – meaning that 61% is freely available or 39% if we account for designated funds. Our freely available assets are reasonably substantial, but it should be remembered that we are custodians of four listed buildings and one other building all of which need to be maintained to appropriate standards. In addition, the interest and dividends provided from our investments help to maintain the level of income we need to fulfil our day-to-day expenditure and without which, we would find ourselves in deficit. The second chart shows that we continue to hold a reasonable proportion of our unrestricted funds in cash which, not only allows us to take advantage of higher interest rates but also gives us flexibility should we need access to funds at short notice. ~~4~~ **UPPER WHARFEDALE & LITTONDALE PAROCHIAL CHURCH COUNCIL** ## **FINANCIAL STATEMENTS** ## **YEAR ENDING 31 DECEMBER 2024** ## Reserves Policy Our reserves policy remains unchanged; the PCC hold the majority of its reserves in share funds which provide an income to support its day-to-day charitable purposes and longer-term building repairs and maintenance. Cash reserves are primarily held to meet unforeseen expenditure, particularly the currently unknown position regarding remedial repairs to the Arncliffe tower and other unexpected building costs. **----- Start of picture text -----**
Asset Breakdown by Fund Type
1200000
1000000
800000
600000
400000
200000
0
2019 2020 2021 2022 2023 2024
Unrestricted Designated Restricted
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**----- Start of picture text -----**
Fund Breakdown by Asset Type
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**----- Start of picture text -----**
450000
400000
350000
300000
250000
200000
150000
100000
50000
0
2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024
Unrestricted Designated Restricted
Cash Income Shares Accumulation Shares Fixed Assets
**----- End of picture text -----**
~~5~~ **UPPER WHARFEDALE & LITTONDALE PAROCHIAL CHURCH COUNCIL** ## **FINANCIAL STATEMENTS** ## **YEAR ENDING 31 DECEMBER 2024** ## **Looking Ahead** This year has been frustrating from a financial perspective as, for a second year running, we had budgeted for costs which we know will arise but have not yet materialised. It’s quite possible that 2025 will be the year that activity in this area starts to take hold. The appointment of our Buildings Supervisor in January 2025 means that we will now have a dedicated resource to take forward many of the issues that arise from past and expected QI reports. In addition, we are hopeful that the long outstanding legal dispute with the Arncliffe tower will be resolved and we can look to the remedial work being completed and start to plan for ‘Phase Two’ of the tower project which is likely to have significant cost implications. We continue to be in a positive and stable financial position which has resulted from our prudent management following the merger of parishes in 2019. Having achieved a surplus of income over expenditure in the last three years, it is likely that the next two or three years will see us in deficit due to ongoing building work and expenditure in our buildings. A few risks to our income have already been noted in this report including the potential fall in our regular giving donations and our reliance on the Scarecrow Festival. In addition, should we need to draw significantly on our reserves to fund building repairs, this will reduce the income provided from our investments leading to further pressure on our income. In contrast, our expenditure is increasing, not only due to general rising costs but also the need for us to employ people to do tasks that were previously undertaken by volunteers such as cleaning and building supervision. In summary, it seems that we have a few financial challenges ahead of us but we are well placed to deal with them as they arise. Nick Davies Treasurer, Upper Wharfedale & Littondale PCC _**Detailed financial statements appear on the following pages and the PCC would like to record its thanks to Graham Walter who has once again acted as Independent Examiner.**_ ~~6~~ **UPPER WHARFEDALE & LITTONDALE PAROCHIAL CHURCH COUNCIL** ## **FINANCIAL STATEMENTS** ## **YEAR ENDING 31 DECEMBER 2024** ## **Statement of Financial Activities** |**Statement of Financial Activities**|| |---|---| ||**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior year**
**total funds**| |**Income and endowments from:**
Donations and legacies
Income from charitable activities
Other trading activities
Investments
Other income
**Total income**
**Expenditure on:**
Raising funds
Expenditure on charitable activities
Other expenditure
**Total expenditure**
**Net income / (expenditure) resources before transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains/losses on investment assets
Gains on revaluation, fixed assets, charity's own use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General Fund
**Designated**
Hubberholme Chipperfield Donation
St Mary Conistone
St Mary Kettlewell
St Michael Hubberholme
St Oswald Arncliffe
**Restricted**
Agency collection
Arncliffe Door Fund
Buckden School Room
Kettlewell Churchyard
Kettlewell Organ Fund
Oughtershaw School
St Mary Conistone
St Mary Kettlewell
St Michael Hubberholme
St Oswald Arncliffe
Tower Fund (St Oswald's)|79,962
3,250
-
83,212
79,757
12,451
-
-
12,451
16,716
-
-
-
-
300
22,028
7,695
-
29,723
24,525
-
-
-
-
-| ||**114,441**
**10,945**
**-**
**125,386**
**121,299**
1,154
-
-
1,154
577
97,590
7,922
-
105,511
90,508
-
-
-
-
-| ||**98,744**
**7,922**
**-**
**106,665**
**91,085**| ||**15,697**
**3,023**
**-**
**18,720**
**30,213**
-
-
-
-
-
-
-
-
-
-
12,096
4,925
3,474
20,495
80,430
-
-
-
-
-| ||**27,793**
**7,948**
**3,474**
**39,216**
**110,643**| ||**612,192**
**238,850**
**151,783 1,002,825**
**892,182**| ||**639,985**
**246,799**
**155,257 1,042,041**
**1,002,825**
402,611
-
-
402,611
380,130
-
-
-
-
-
59,343
-
-
59,343
58,016
59,343
-
-
59,343
58,016
59,343
-
-
59,343
58,016
59,343
-
-
59,343
58,016
-
-
-
-
-
-
-
-
-
-
-
56,138
-
56,138
54,902
-
12,774
-
12,774
10,542
-
-
-
-
-
-
2,983
-
2,983
2,916
-
170,989
-
170,989
167,275
-
3,200
-
3,200
2,500
-
715
-
715
715
-
-
-
-
-
-
-
-
-
-| ~~7~~ ## **UPPER WHARFEDALE & LITTONDALE PAROCHIAL CHURCH COUNCIL** ## **FINANCIAL STATEMENTS** ## **YEAR ENDING 31 DECEMBER 2024** |**Endowment**||||||| |---|---|---|---|---|---|---| |Kettlewell Churchyard||-|-|8,310|8,310|8,124| |Oughtershaw School||-|-|74,964|74,964|73,286| |St Mary Conistone||-|-|60,813|60,813|59,452| |St Michael Hubberholme||-|-|11,170|11,170|10,920| ||**Total funds**|**639,985**|**246,799**|**155,257 **|**1,042,041**|**1,002,825**| ~~8~~ **UPPER WHARFEDALE & LITTONDALE PAROCHIAL CHURCH COUNCIL** ## **FINANCIAL STATEMENTS** ## **YEAR ENDING 31 DECEMBER 2024** ## **Balance Sheet detailed** |**Balance Sheet detailed**|| |---|---| |**Class and code**
**Description**|**As at**
**31/12/2024**
**As at**
**31/12/2023**| |**Fixed assets**
FA1
Fields known as Church Clowder & Millholme, Littondale
FA2
Part interest in the field Short Butts Littondale
FA3
Freehold Property known as Church Cottage, Halton Gill vested in the DBF
as Custodian Trustee with PCC as Managing Trustees
FA5
National Savings Investment - ownership and value currently unknown
**Total Fixed assets**
**Current assets**
1 CA
Current Account
Dep CCLA 08D
St Oswald's Tower Fund
Dep CCLA 508
Kettlewell - Churchyard
Dep CCLA 516
General Purpose
Dep CCLA 07D
Oughtershaw Parish Deposit Fund
Dep CCLA 511
Conistone - Florrie Whitehead
Share Acc CCLA 01J
Florrie Whitehead Bequest (Conistone)
Share Acc CCLA 03J
Bagley Accumulation Share Account
Share CCLA 510
Kettlewell - Wiseman (Churchyard)
Share CCLA 512
Conistone - Horner Bequest
Share CCLA 513
St Mary Kettlewell
Share CCLA 514
St Mary Conistone
Share CCLA 515
St Michael Hubberholme
Share CCLA 517
St Oswald Arncliffe
Share CCLA 518
General Purpose Share
Share CCLA 519
Bagley - Hubberholme
Share CCLA 520
Florrie Whitehead Bequest
ZLeeds CCLA 786
Oughtershaw School Endowment
ZLeeds CCLA 795
Buckden School Room Share
ZLeeds CCLA 847
Buckden School Room
ZLeeds CCLA 860
Oughtershaw School Proceeds
**Total Current assets**
**Liabilities**
6699
Agency collections
**Total Liabilities**
**Net Asset surplus (deficit)**
**Reserves**
Excess/(deficit) to date
Z01
Starting balances
Z02
Gains/(losses) on investment assets
Z03
Gains/(losses) on reval of fixed assets
**Total Reserves**
**Represented by Funds**
General (Unrestricted)
Designated
Restricted
Endowment
**Total**|1
1
1
1

-
-
1
1| ||**3**
**3**
33,931
18,789
-
-
13,899
12,017
65,000
65,000
-
-
8,800
7,128
-
-
-
-
8,310
8,124
60,813
59,452
59,343
58,016
59,343
58,016
59,343
58,016
59,343
58,016
303,199
296,415
11,170
10,920
164,426
160,747
2,983
2,916
52,697
51,517
5,031
4,718
74,964
73,286| ||**1,042,596**
**1,003,092**
559
270| ||**559**
**270**| ||**1,042,041**
**1,002,825**| ||18,720
83,547
1,002,825
838,848
20,495
80,430
-
-| ||**1,042,041**
**1,002,825**
402,611
380,130
237,374
232,062
246,799
238,850
155,257
151,783| ||**1,042,041**
**1,002,825**| ~~9~~ **UPPER WHARFEDALE & LITTONDALE PAROCHIAL CHURCH COUNCIL** ## **FINANCIAL STATEMENTS** ## **YEAR ENDING 31 DECEMBER 2024** ## **Statement of Assets and Liabilities (by code)** |**Statement of Assets and Liabilities (by code)**|**Statement of Assets and Liabilities (by code)**| |---|---| |**Class and nominal code General Designated Restricted Endowment**
**Total**
**Last**
**year**|| |**Fixed Asset - Investments**
FA5: NSI - ownership and value currently unknown
**Total**
**Fixed Asset - Tangible Assets**
FA1: Fields known as Church Clowder & Millholme,
Littondale
FA2: Part interest in the field Short Butts Littondale
**Total**
**Current Asset - Cash At Bank And In Hand**
1 CA: Current Account
Dep CCLA 508: Kettlewell - Churchyard
Dep CCLA 516: General Purpose
Dep CCLA 511: Conistone - Florrie Whitehead
ZLeeds CCLA 847: Buckden School Room
**Total**
**Current Asset - Investments**
Share CCLA 510: Kettlewell - Wiseman (Churchyard)
Share CCLA 512: Conistone - Horner Bequest
Share CCLA 513: St Mary Kettlewell
Share CCLA 514: St Mary Conistone
Share CCLA 515: St Michael Hubberholme
Share CCLA 517: St Oswald Arncliffe
Share CCLA 518: General Purpose Share
Share CCLA 519: Bagley - Hubberholme
Share CCLA 520: Florrie Whitehead Bequest
ZLeeds CCLA 786: Oughtershaw School Endowment
ZLeeds CCLA 795: Buckden School Room Share
ZLeeds CCLA 860: Oughtershaw School Proceeds
**Total**
**Liability - Agency Accounts**
6699: Agency collections
**Total**
**Net total assets**
**Represented by**
General (Unrestricted)
Designated - St M Con
Designated - St M Hub
Designated - St M Kett
Designated - St O Arn
Restricted - Kett C'yard
Restricted - Ough Sch
Restricted - Sch Room
Restricted - St M Con
Restricted - St M Hub
Restricted - St M Kett
Endowment - Kett C'yard
Endowment - Ough Sch
Endowment - St M Con
Endowment - St M Hub
**Total**|1
-
-
-
1
1| ||
**1**
**-**
**-**
**-**
**1**
**1**
1
-
-
-
1
1
1
-
-
-
1
1| ||
**2**
**-**
**-**
**-**
**2**
**2**
34,409
-
(478)
-
33,931
18,789
-
-
13,899
-
13,899
12,017
65,000
-
-
-
65,000
65,000
(0)
-
8,800
-
8,800
7,128
-
-
5,031
-
5,031
4,718| ||
**99,409**
**-**
**27,252**
**-**
**126,661**
**107,652**
-
-
-
8,310
8,310
8,124
-
-
-
60,813
60,813
59,452
-
59,343
-
-
59,343
58,016
-
59,343
-
-
59,343
58,016
-
59,343
-
-
59,343
58,016
-
59,343
-
-
59,343
58,016
303,199
-
-
-
303,199
296,415
-
-
-
11,170
11,170
10,920
-
-
164,426
-
164,426
160,747
-
-
2,983
-
2,983
2,916
-
-
52,697
-
52,697
51,517
-
-
-
74,964
74,964
73,286| ||**303,199**
**237,374**
**220,105**
**155,257**
**915,935**
**895,440**
-
-
559
-
559
270| ||
**-**
**-**
**559**
**-**
**559**
**270**| ||**402,611**
**237,374**
**246,799**
**155,257 1,042,041 1,002,825**| ||402,611
-
-
-
402,611
380,130
-
59,343
-
-
59,343
58,016
-
59,343
-
-
59,343
58,016
-
59,343
-
-
59,343
58,016
-
59,343
-
-
59,343
58,016
-
-
12,774
-
12,774
10,542
-
-
2,983
-
2,983
2,916
-
-
56,138
-
56,138
54,902
-
-
170,989
-
170,989
167,275
-
-
715
-
715
715
-
-
3,200
-
3,200
2,500
-
-
-
8,310
8,310
8,124
-
-
-
74,964
74,964
73,286
-
-
-
60,813
60,813
59,452
-
-
-
11,170
11,170
10,920| ||**402,611**
**237,374**
**246,799**
**155,257 1,042,041 1,002,825**| ~~10~~ **UPPER WHARFEDALE & LITTONDALE PAROCHIAL CHURCH COUNCIL** ## **FINANCIAL STATEMENTS** ## **YEAR ENDING 31 DECEMBER 2024** |**Fund movement summary**|**Fund movement summary**||||||| |---|---|---|---|---|---|---|---| |**Fund**|**Opening**|**Incoming**|**Outgoing**|**Transfers**|**Gains/Losses**|**Journals**|**Closing**| |**General**|||||||| |Unrestricted|380,130|114,441|98,744|-|-|6,784|402,611| |**Sub-totals**|**380,130**|**114,441**|**98,744**|**-**|**-**|**6,784**|**402,611**| |**Kett C'yard**|||||||| |Restricted|10,542|3,357|1,125|-|-|-|12,774| |Endowment|8,124|-|-|-|-|186|8,310| |**Sub-totals**|**18,666**|**3,357**|**1,125**|**-**|**-**|**186**|**21,084**| |**Ough Sch**|||||||| |Restricted|2,916|-|-|-|-|67|2,983| |Endowment|73,286|-|-|-|-|1,677|74,964| |**Sub-totals**|**76,202**|**-**|**-**|**-**|**-**|**1,744**|**77,947**| |**Sch Room**|||||||| |Restricted|54,902|1,647|1,590|-|-|1,179|56,138| |**Sub-totals**|**54,902**|**1,647**|**1,590**|**-**|**-**|**1,179**|**56,138**| |**St M Con**|||||||| |Designated|58,016|-|-|-|-|1,328|59,343| |Restricted|167,275|4,771|4,737|-|-|3,679|170,989| |Endowment|59,452|-|-|-|-|1,361|60,813| |**Sub-totals**|**284,743**|**4,771**|**4,737**|**-**|**-**|**6,368**|**291,145**| |**St M Hub**|||||||| |Designated|58,016|-|-|-|-|1,328|59,343| |Restricted|715|50|50|-|-|-|715| |Endowment|10,920|-|-|-|-|250|11,170| |**Sub-totals**|**69,650**|**50**|**50**|**-**|**-**|**1,578**|**71,228**| |**St M Kett**|||||||| |Designated|58,016|-|-|-|-|1,328|59,343| |Restricted|2,500|700|-|-|-|-|3,200| |**Sub-totals**|**60,516**|**700**|**-**|**-**|**-**|**1,328**|**62,543**| |**St O Arn**|||||||| |Designated|58,016|-|-|-|-|1,328|59,343| |Restricted|-|420|420|-|-|-|-| |**Sub-totals**|**58,016**|**420**|**420**|**-**|**-**|**1,328**|**59,343**| |**Totals**|**1,002,825**|**125,386**|**106,665**|**-**|**-**|**20,495**|**1,042,041**| ~~11~~ **UPPER WHARFEDALE & LITTONDALE PAROCHIAL CHURCH COUNCIL** ## **FINANCIAL STATEMENTS** ## **YEAR ENDING 31 DECEMBER 2024** ## **Analysis of income and expenditure** ||**Total**| |---|---| ||**Unrestricted Designated Restricted Endowment This year Last year**| |**INCOME AND ENDOWMENTS FROM:**
**Donations and legacies**
I01 - Planned Giving (bank)
I04 - Plate Collection
I05 - Gift Aid Recovered
I06 - Church Box
I07 - Donations
I08 - Legacies
I09 - Friends
I10 - The Link Donations
**Donations and legacies Totals**
**Income from charitable activities**
I12 - Fundraising Events
I15 - Fees for Weddings/funerals etc.
I20 - Gift Day
I21 - The Link Advertising
**Income from charitable activities Totals**
**Other trading activities**
I19 - Room Hire
**Other trading activities Totals**
**Investments**
I16 - CCLA Interest
I17 - CCLA Dividends
I18 - Rent
**Investments Totals**
**Income and endowments Grand totals**
**EXPENDITURE ON:**
**Raising funds**
E23 - Fund Raising Costs (Gen)
E24 - Fund Raising Costs (Friends)
**Raising funds Totals**
**Expenditure on charitable activities**
Card Fees - Card Processing Fees
E01 - Churchyard maintenance
E02 - Building repairs & maintenance
E03 - Insurance
E04 - Water
E05 - Oil
E06 - Gas
E07 - Electricity
E08 - Cost of Services
E09 - Organist Fees
E11 - Clergy Expenses
E14 - The Link
E16 - Salaries & Wages
E17 - Licences
E18 - Sundries for Services
E19 - Governance Costs
E20 - Other Administration Costs
E21 - Miscellaneous Running Expenses|24,860
-
50
-
24,910
24,711
3,305
-
-
-
3,305
3,467
11,078
-
-
-
11,078
13,662
5,716
-
-
-
5,716
5,953
32,777
-
3,200
-
35,977
26,791
-
-
-
-
-
2,500
875
-
-
-
875
1,075
1,351
-
-
-
1,351
1,598| ||
**79,962**
**-**
**3,250**
**-**
**83,212**
**79,757**
4,444
-
-
-
4,444
5,201
2,860
-
-
-
2,860
6,878
15
-
-
-
15
10
5,132
-
-
-
5,132
4,628| ||
**12,451**
**-**
**-**
**-**
**12,451**
**16,716**
-
-
-
-
-
300| ||
**-**
**-**
**-**
**-**
**-**
**300**
3,289
-
1,157
-
4,446
2,157
18,739
-
6,118
-
24,857
22,368
-
-
420
-
420
-| ||
**22,028**
**-**
**7,695**
**-**
**29,723**
**24,525**| ||
**114,441**
**-**
**10,945**
**-**
**125,386**
**121,299**| ||754
-
-
-
754
177
400
-
-
-
400
400| ||
**1,154**
**-**
**-**
**-**
**1,154**
**577**
678
-
-
-
678
562
3,535
-
2,345
-
5,880
5,729
14,030
-
1,105
-
15,136
5,460
6,002
-
1,497
-
7,499
6,790
286
-
282
-
569
430
592
-
-
-
592
2,166
-
-
1,299
-
1,299
956
2,929
-
723
-
3,652
2,885
1,409
-
-
-
1,409
2,161
320
-
-
-
320
720
2,026
-
-
-
2,026
1,493
6,034
-
-
-
6,034
6,178
12,066
-
250
-
12,316
10,049
385
-
-
-
385
364
21
-
-
-
21
-
20
-
-
-
20
41
2,689
-
-
-
2,689
2,827
1,515
-
-
-
1,515
1,052| ~~12~~ ## **UPPER WHARFEDALE & LITTONDALE PAROCHIAL CHURCH COUNCIL** ## **FINANCIAL STATEMENTS** ## **YEAR ENDING 31 DECEMBER 2024** |E22 - Parish Share
E25 - Charitable Donations
E26 - Youth Group
E28 - Professional Fees
**Expenditure on charitable activities Totals**
**Expenditure Grand totals**|37,977
-
-
-
37,977
35,544
100
-
-
-
100
2,400
-
-
-
-
-
1,800
4,977
-
420
-
5,397
900| |---|---| ||
**97,590**
**-**
**7,922**
**-**
**105,511**
**90,508**| ||
**98,744**
**-**
**7,922**
**-**
**106,665**
**91,085**| The Attached notes form part of these financial statements ## **Approved by the PCC on** ## **and signed on their behalf by Tom Lusty (Vicar) and Nick Davies (PCC Treasurer)** **………………………………. …………………………….** ## **Vicar** ## **Treasurer** ~~13~~ **UPPER WHARFEDALE & LITTONDALE PAROCHIAL CHURCH COUNCIL** ## **FINANCIAL STATEMENTS** ## **YEAR ENDING 31 DECEMBER 2024** ## 1. ACCOUNTING POLICIES The following accounting policies have been adopted by the PCC and should be read in conjunction with the attached financial statements. The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis. ## FUNDS General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application to the general purposes of the PCC. Designated funds are likewise not subject to any special restriction but have been set aside by the PCC for a particular purpose. Restricted funds represent the funds held by the PCC that are subject to special restrictions as to their use. The accounts include monetary transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of other Church groups that owe an affiliation to another body, nor those that are informal gatherings of Church members. Subject to the above, receipts and payments include income and received and expenditure when irrevocably paid. 2. STATEMENT OF ASSETS AND LIABILITIES The following assets are recognized but not valued in the Statement of Assets and Liabilities: - Land and buildings (other than those specified) and any other tangible fixtures, fittings and equipment held on behalf of the PCC ## 3. CHARITABLE DONATIONS The following charitable donations were made during the year: Royal British Legion £100 In addition, the following direct donations were made following collections taken but **do not** form part of these accounts: |Cancer Research|£250| |---|---| |Christian Aid|£115| |Kettlewell Scarecrow Festival|£317| |Upper Wharfedale Refugee Group|£111| |Royal British Legion|£449| |St Georges Crypt|£52| ~~14~~ **UPPER WHARFEDALE & LITTONDALE PAROCHIAL CHURCH COUNCIL** ## **FINANCIAL STATEMENTS** ## **YEAR ENDING 31 DECEMBER 2024** ## 4. FUNDRAISING ACTIVITIES The following activities raised funds for the church during the year: ||**£**| |---|---| |Littondale Cards(2023 & 2024)|455| |Hubberholme Stars (2023)|235| |Buckden School Room Sale|1157| |Kettlewell Pies & Quiz|509| |Buckden Coffee Morning|355| |Easter Lilies|20| |Duck Race (teas/tickets)|640| |Quiz Sheets|183| |Coast to Coast evening|395| |Buckden Bingo|404| |Craft Workshop|90| |**TOTAL**|**4443**| ## 5. PAYMENTS TO PCC MEMBERS The following amounts were paid to PCC members in respect of goods or services acquired by them for the benefit of the PCC: Pauline Thompson £554 Andrew Hitchon £610 Nick Davies £78 ~~15~~ **UPPER WHARFEDALE & LITTONDALE PAROCHIAL CHURCH COUNCIL** ## **FINANCIAL STATEMENTS** ## **YEAR ENDING 31 DECEMBER 2024** ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE UPPER WHARFEDALE AND LITTONDALE PAROCHIAL CHURCH COUNCIL** I report on the financial statements for the year ended 31 December 2024 which are set out on the previous pages. ## **Respective responsibilities of trustees and examiner** The charity’s trustees are responsible for the preparation of the Accounts. The Charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the 2011 Act - to follow the procedures laid down in the General Directions given by the Charity Commissioner under section 145(5)(b) of the 2011 Act, and - to state whether particular matters have come to my attention. ## **Basis of the Independent Examiner’s Report** My examination was carried out in accordance with General Directions given by the Charity Commissioner. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent Examiner’s statement** In the course of my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in, any material respect, the requirements: a) to keep accounting records in accordance with section 130 of the 2011 Act; and - b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or 2. to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached Graham Walter Maypole Barn Kettlewell, BD23 5RB ~~16~~