REGISTERED CHARrrY NUMBER: 1206055 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR PCC OF ST MARYS CHURCH. ATHERSTONE LDP Luckmans 1110 Elliott Court Coventry Business Park Herald Avenue Coventry West Midlands CV56UB
PCC OF ST MARYS CHURCH, ATHERSTONE CONTETrtrs OF THE FINANCIAL STATEMENTS for the year gndgd 31 Decembgr 2024 Page Roport of Ihg Trustges 1 to 10 Independent Examlner's Report Statement of Financial Activities 12 Bala8 Shget 13 Cash Flow Statement 14 Notos to thg Cash Flow Statgment 15 Notes to the Flnanclal Statements 16 10 23 Detsiled Statement of Financial Activiti8s 24 10 25
PCC OF ST MARYS CHURCH, ATHERSTONE REPORT OF THE TRUSTEES for the year ended 31 Decembèr 2024 The tnjstees present their report with the finala1 statements of the charity for the year ended 31 December 2024. The trustees have adopted the pr(wisions of Accounting and Reporting by Charthes.. statement of Recommended Practice applicable to charities prq)ariro their accounts in accordance with the Finanoal Reporting Stsndard applicable in the UK and Republic of Irdand IFRS 1021 (effective 1 January 20191. St. Ma5 Atherslone Parochial Church Council {the PCCI wcYks with the incumbent, The Revd Michael Brandsma, to promote the whole mission of the Churth in the ecclesiastical parish.. pastoral. evangelistic. social and ecumenical. The PCC also has Maintenan reswnsibilty for the church buildings including the adjacent building known as trie Youtt) Headquarters. sin the APCM in 2024, members of the PCC have on eight occasions including the Annual Parwhial Church Meeting. The Standing Committee has not met. PCC rnemrs are spOnSible for makirvJ decisions on all matters of general concern aThJ importance to the parish induding deciding on how the funds of the PCC are lo be spent. Three committees, bng the Ministy Leadership Team, the Legacy Steering Group and the Building Team, meet between full meetings ofthe PCC, reporting back and m8king recommendat'ons to the PCC. The Ministy Leadership Team aims to meet each month to plan sermces for the month ahead and to discuss other pastor81 and ev8ngelistic events for the foreseeable future. The Legacy Steering Group was brought into existence upon reIpt of a substantial legacy and meetings are held when deemed to be required. The aim of the grcAJp is lo ensure that the legacy is protected and used in accordance with the PCC'S original intention of wise stewardship in prunoting mission and ministy. The Building Team endeavours to ensure that the fabric arKI equipment are regularfy maintained lo a safe and acceptable level. Page 1
PCC OF ST MARYS CHURCH, ATHERSTONE REPORT OF THE TRUSTEES for the year ended 31 Decembèr 2024 OBJECTIVES AND ACTNMES THE VICAR'S REPORT Our theme for 2024 was "Behdd I stand al the door and knCk. frcrn Revelation 3.'20. The objective of this Was lo encourage the (x)ngregatson to 'hearf' what God was saying to us as individuals and as a congregation. St Marls receiv a large bequest from Dee Croyman wFich was invested. The investmerrt enabled part-lime parish administrator to be employ&d in May of 2024. Thks has proved invaluable in develoFxng the administration of the parish affairs. Refleding back on this year I can rejoice in the prcoress and development of the grt)Nth in wdcome and hospitality lo visf(ors to Sl MaS AtherslCe. We have welcomed wsilors to serwces. community events and the hire of the vallous facilities we offer at St Mary's. Numerous visit(Xs have be(x)me regular worshippers and continue lo be erKouraged to participate in the various aspects of church lrfe. A number of y(yJngerfamilie5 have become regular worshippers al St Mary's during this year. I want lo thank the church wardens for the lime and ener that they dedicate lo the oversight of the building and the wdlbeing of the people who attend St Mary's. Funerals and weddings were down on previws years,. however, we did see a lar increase in both infant and adult baptisms. Finanaal giving has Maintain and we were able to meet our comm((ment to parish share. We have continued to support a variety of Ial and overseas charities. To this end. we have been atAe to offer use of church rooms and faolilies free of charge to severa groL4)S. The groups that incortKJrate both congregation and communty members have all seen growth in numbers during 2024. Knf( & Knatter, and Tea & Chat conbnue to be a source of encouragement and fellowship lo all those who attend. Messy Church relaunched in May 2024 and is continuing to grthv month on month with great vdunteer support from the congregation. We have continued to host or support successbjl o)mmunily events, mot Show Day in September, the Dickens Day, and a series of Christrnas celebrations that reached out to the whole (x)mmunty. The Santa Sleigh was an event that we engage wf(h each year and so thank you to all who give of their evening for this event. We al St Mary's have begun to focus children as the next generation as we develop mission and ministry to the community of Alherslone. The first Sunday of each month the 10.30am focus "Into The Light" is being US to enc(yJrage y(yJngerfamilies to ervJage from the community. The bells at St Mary's continue lo ring out to the parish. A new bell tower captain was installed. Keth Whitehead is now the new captain and continues to encraE ringers every Thjrsday at l.00pm. The Rgv'd Mi¢hag1 Brandsma- Vicar of St. Marfs PASTORAL REPORT from the Wicar I have been encouraged by the faithfvlness of each of you as you have continued lo serve Christ and His people during these restraining times. Thank for all the help and encouragement that you have been to me and to one another. John & Sue Stock requested a break from ministy for a few months fran Octokr 2024 to Febru8ry 2025. We wish them wdl duriro this time of renewal and rest. Page 2
PCC OF ST MARYS CHURCH, ATHERSTONE REPORT OF THE TRUSTEES for the year ended 31 Decembèr 2024 Worship & Fellowship has been kept to a fwus of Sunday 10.30am gathering. On the first Sunday of the month, we 1ntrcmjud a seNice for children and families called "Into the Light" This has borne fruit and we are mw having a regLJlar attendance of families. Congregational singing has improved and a big thank you to the Music Group for the lime they put in to prepare for a broad variety of music. Hospitality and welcome is one of our strong wints al Sl Marls. Thk you to all who serve to make this possitAe. Messy Church A team have come together lo launch a Messy Churth congregation frcrn the 25 March 2024. This will be hosted monthly and will follow the formal and guidelines of BRF. This is now a regular monthly mission activity which is attracting younger families and is proving to be well supported by the wngregakn'on who volunteer to help in a varEty of area5. Thursday Prayer and Thursday Study Group has gone through a varEty of expressions during the year. During the year some folk attended the "Leading Your Church into Growth. traning supported by the dI(eSe. This was introduced into the Thursday ev ening studies with varEd success. Knri & Knatter Group led by Yvonne has devdoped a cross section of actimties. This gr(yJp has also tEen very supportive of those who have fad loneliness, bereavement or ill heatth. They continue to raise fvnds for a variety of nee ds within the cc¥nmunity and church. Cornmunity T8a & Chat led by Neta and her team aayS inspires me when I visit this grotjp. on again. f( is a group that has a cross section of members who all look forward lo their gatherng each week. They enjoy raffles, bingo. chatting and bus trips and the group has been a lrfeline to many from the community. Music Group led by Keith are growing in skill, repertoife and Confiden as they lead our singing and have develOd into a cohesive team. GFS led by Sharon and her very faithful a(xompli(Es is a lifdine for stability in the lives of all the girfs who attend. The team involved are fulfilling a vital role in the lThies of many of the young girfs of Atherstone. The end of year Christmas celebrations were well attended by those of the congregats'on and community. We also hosted the "A Town Sound" Christmas Concert and the TQEA for their Christmas Variety as well as the MG Evans Chrisbnas bereavement memorial. The overall wellbeing of the congregation is high. We have many WFK) are ageing yet still very supportive and committed to each other. The desire for fellowship and challer is str1g with some gr*1 limes over coffee and tea after worship on a Sunday. God has added to our numier during the year and l am encourag by all that we have been part of during 2024. BUILDING TEAM REPORT 2024 This group had pwressed the pr[eSS from discussion and planning to the position of appointing contractor to begin work within the next few weeks (March 20241. The DAC IDiocesan Advisory Council) were notified of the intended works that were about to begin. Previous advi was that the two prefab buildings did not need a faculty for any building W(k. This was challenged by the DAC and we were notffied that this was incorrect and that any renovation lo the lfjlchenlcommon room was subject to a faculty being applied for. This caused a huge disappointsnenl lo all invclved and Ihe works were pul on hold. The PCC engaJed with Mayway constructiC in an effort to worf( through the upjrade to this building and other anticipated wcwks wi(hin the Lounge aThJ Nave. However, this has tumed out to be 8 longer process than anticipated. Page 3
PCC OF ST MARYS CHURCH, ATHERSTONE REPORT OF THE TRUSTEES for the year ended 31 Decembèr 2024 The Maintenan of the building both inlemally and externally continues to be done with gLrtters, the tower and Chancel being the most affected areas. A flow of water into the old boiler room Uer the txjilding is a cause for cngoing attention and resolving. The ong(xng maintenance needs have been dealt with by the PCC during the year. A group gather frUendY to discuss and stralegize a Flan for the future possibilities of developing the interior of the building for eff¥tive mission and hospitality to the community of Atherstone. Rev'd Michael Brandsma Building Team CHURCHWARDEN'S REPORT 2024 Last year saw some improvements from the previous year. However, more work is yet to te done. Our existing outreach groups are dr0 very well and delivering much needed community support to our parish. Church services continue lo be well attended,. Sunday M)rnngs, Sunday Evenings IAftemwns and Thursday Evening Bible Study and Prayer Groups. The moming SeNiS saw new ppIe join us. which is very encouraJing. espeaally as this indudes children. As a result, our Sunday Morning now indudes 'lnto The Light Servi, focused on the needs of children. During the year we had many Baptisms, Funerals, Weddings and a WdIng Blessing se1. We opened the church to provide light refreshments when the FamErs' Market was in the Main Square. We also opened the church when the Car Show and Dicken's Day events were in the Market Square and provided both light refreshments and a wam) place area. We enjoyed openir@ the church to concerts al Christmas and during the year,. including the reknm of the D-Day Darfings, Elvis and the 'A Town Sound" for their Chrisbmas Concert. The next grand proied will be the refijrbishment of the C(ynmon Rcx)m, kitchen and toilets to enable us to do more to hdp the town community. Keith Wise and Sharon Holland Churchwardens DEANERY SYNOD REPORT Durir@ the year there were 8 number of interesting and challenging twics coverd during the Syntyj Meetings. We had group discussions where churches shared their ideas activities to prcThote church growth, both numerically and spiritually. The Hub Church - All Saints Church, Bedworth A hub church is a ntral resour for others in mission. evangelism and enablirYJ New Worshipping Communities INWCs} and Fresh Expressions. These resources are to help and enate all churches in the Deanery. There are leaming Op[K)n((1eS and events lo help churches to grow. Pathway to Ngt Zgro Page 4
PCC OF ST MARYS CHURCH, ATHERSTONE REPORT OF THE TRUSTEES for the year ended 31 Decembèr 2024 Colin Angus, Net Zero Carbon INZCI Project Officer of the Di)cese of Coventy, introduced himself and described how he can help lo make individual Parishes aware of the reSoUrS available lo work towards Net Zero. He provides help and advice about ways we can become grner and he has provided a dment that we tum into a P(werPoinl. We are being encourag to consider changing our energy usage lo be more enmronrnenlally friendly: the Church Of England have sel a deadline of all churches being green by 2030. Suggestions inclLJde considering allematThie healing options wken replacing Gas b(xlers, using LED lighting. improved insulation,. some of the suggeSticS are quick wins wtrilsl other have a much longer payback and might L)e conSided dnTicutt for churches to finance. Mission to new housing Canon David Porter presented a values-based approach lo housing. David intrcXYud the concept of a financial asset for others to share, for example, a shared hwse for ecumenical church use. New housing is being built in various areas of the Deanery, we need lo look at these developments as opportunities for mission,- creating new worshippirKJ communi(ies and inviting pe to come and worship with us in our established churches as approwiate. Al Opportunities. mordlity and how we should engage vlth It as Christlans and as the church. presented by Professor Maggi Savin-Baden and Zak Savin-Baden. Al is being develoted at an alaming rate and we need to understarKI the advantages and the dangers that come with this technology. Al can ba usad to craata falsa naws and im&gas'. including raslistic manipulation of pooplè saying things Ihat they never said and doing things that they never did. Al can also be to benefit us all in the area of improved leaming and rnedical developments, enabling vehides to be drivertess or at least have driving aids to make our drwing safer. Al has no copyright- r( can be used lo write songs, poetry and even sermons. Al has no feelings and no sense of truth,. il doesn't really know who we are. Al is with us,. there is much discussion as lo how it should te regulated. Kelth Wise and Pat Hathway Deanery Synod Representatlves SAFEGUARDING REPORT FOR 2024r25 Thrwghout the year any matters arising frcm report safeguarding issues have been appropriately handled by the Safeguarding team. All matters have tEen reported to the diocese, as and when required. The Parish Dashboard has been kept urxjaled and r8x>rds have been completed. From January 2025, after 20 years of holding the post, I have resigned as Parish Safeguarding Officer because of my lack of Confiden in the execution of established prtxedures by the Church of England hierarchy. I have no intention in expanding on this as recent public events speak for themsdves. My co-worker, Pauline Wise, will continue to uphold saf8rding standards at Sl. Marls with support from the incumbent and the Churchwardens. Yvonne Stone Retiring Parish Safeguarding Officer ST. MARY'S WORSHIP GROUP Psalm 104'.33 Page 5
PCC OF ST MARYS CHURCH, ATHERSTONE REPORT OF THE TRUSTEES for the year ended 31 Decembèr 2024 "I wll sing to the Lord all my lrfe; I will sing praise to my G&Y as loro as I live". During the last year we have intr(xluced new hymns and constantly lo(4( lo brng rmre hymns of praise and worship to enhance our worship. During the year Paul joined us on guitar and Rich has developEd both playing the bass and now really love playing the drums. We rehearse usually on Friday nights from 7..30 and finish around 9=30. We are happy to teach others how to play instruments and this Wld normally be at 7pm-, rf you WOLJld like lo join the group, we would love to wdcome those who would like to play drums. keyboar(Vpiano, elc.- let's make a joyful noise in praise and worshipping the Lord Jesus Christ. If you would like share in working on the sound desk and running the PowerPcint, these are important jobs and we need a team of people to share in the Wk. Music is a very important part of our lives and is beneficial for wr health. Ephesians 5.18-20 we are exhorted to be filled with the Holy Spirit, speaking to one another with psalms, hymns. and songs for the Hoty Spirit. To sing and make music from our hearts to the Lord, alaYS grving thanks to God the Father for everything in the nwne of our Lord Jesus Christ. Psalm 150.'6 says 'Let everything that breathes praise the Lordl" God has richly blessed us- God has given us the greatest gft of all the gift of salvaticffi. Let us praise and worship God in all our circumstsnces,. He is most worthy of our prase and worship. Kgith Wi$9 Worship Group COrdInatOr "INTO THE LIGHT" SERVICES 'Into the Light" service is an all-age service which invites our chitdren to participate throughout the service. The Se1 is held on the first Sunday of each mnth and is shorter than usual lo hold the children's attention. We fcllow a theme and include bible readings, which may involve an animated bible story, activities connected lo the reading5 and a prayer 8cbvity deliver in the serlce. Aso, there are crafts set out on tables for the children to complete. The worship songs are chosen so there is something for everyone atKI espeaally the childr. Having songs with actions helps the children to participate more. ThrghOut the year tre are themed and stcial events sud) as E8sler. Harvest Festiv81 with GFS and Christrnas. 11 can be challenging to balance the content for all the diverse ages. ahOUgh havirKJ all age qroups participate is a success and a joy lo see. "INTO THE LIGHT" (Children on Sundays) These groups are held each week except for the first Sunday of the month when everyone joins in with the all-age service. We stsrt with a scripture followed by a slcry and sometimes some acting may be involved. The childon wll play a short game and then one of the older children will read the prayer for the group. After there are crafts sel up the children lo do that are connected to the story and scripture. Even painting and trj'scuil decofating have been included, which the children thoroughly enjoyed. Irs a time children to leam about God's love, stories atK)ul Jesus, the church family and a creative study of the 8ible. Page 6
PCC OF ST MARYS CHURCH, ATHERSTONE REPORT OF THE TRUSTEES for the year ended 31 Decembèr 2024 We have grown in numters and have rgJular preschool, primary and secondary aged children attend weekly. Suzanne Grimstead and John Stock originally led the grp althokjgh John has rentlY taken sabbatical leave, during which lime Libby Surplice stepped in lo hdp lead the grlwp. I would like lo express our appreciation for Libby and for all our current volunteers WFL) help with this important children's ministry. including the parent5 wtrK) (x)me along w(th their presch(x)I children and help w(th the session. Suzanne Grimstgad Leading "Into the Light" 5T. MARY'5 TEA & CHAT GROUP The Tea and Chat group continues to grow. We have got lo know rmre about our regular mernrs as the years have gone by. always welcome new people into the group. They love the games we play, and now that we have an extra hour to play cards and board games. quite a few stay forthat tct). Last year we Iwk most of the memkrs on day trips lo Skegness and Slratford. And we had good weather this yearl For those who could not go, we gave them a Tea Paty so no-one was left out. We had a visi( from 8isFK)p Ruth who was visthng the churches in the DI0Se that day. We also had a Chrisbnas dinner in DeMr for everyone, cc(&ed by Michael and Courthey, which was very much appreciated by everyone. We feel very Uessed to be able to provide a place for these people who are mostly on their own. We will continue to (l) God's worf< in this area as most of these people are on their own and need company. Nets Randle and Pauline Wise Tea & Chat Team ST. MARY'S KNIT & NAThER GROUP The Group continues to thrive and grow and currently has a Memrship of 30. Our main prclect this year was lo construct a Christmas tree made of approximately 15 Crocheted squares. As always, we were alje lo open a colourful stall of knitted and crocheted items for both Atherslone Motor Show and the Dickens Event to raise money for our charitable giving. This year we have donated funds to Messy Church at St. Marls which provides games, crafts and a meal to young families. The Group is open lo all ages, both men and women, a1 its most imrtant aspect continues lo be the promsion of a safe place lo make new friends and enjoy a get together and natter over a cup of tea. Everyone is wdcomel Yvonne Stone KnFi and Natter Group Leader. BEHIND THE TEAPOT Thghout the past year, Sl MaS Church Family has rejoiwj in pr(Mding hospi181ty for very many community events and we are blessed with willing volunteers frcm the church family who are always ready to bake a cake, man the teapot, or sland at the kitchen sink with the washing up men indudedl Teamwo equals friendships! Our regular monthty Open Church and Café on FarnErg Market Saturdays continues to provide a welcome for all, with an opportunity to exFAore the church, read abwt the history of the ar, and offers crafts for the kiddies- as well as coffeeAea and cakes. Page 7
PCC OF ST MARYS CHURCH, ATHERSTONE REPORT OF THE TRUSTEES for the year ended 31 Decembèr 2024 We've been pleased lo offer refreshments lo the communty for events on the Square, including Atherslone's Big Weekender, Alherslone Motor Show and the annual Dickens Event. Vve've enjoyed bng hosts for concerts by= The D-Day Darfings, a tribLJle to Elvis, Atherstone CIK)ra Society wrf(h Handel's Messiah. and "A Town Swn(r with their Chrislmas Concert. September was a busy month when the church hosted talks by our very knowledgeable local historians, Eddie Smallwood and Yvonne Stone, as part of the Atherstone Heritage Week. Aso, we've been pleased to host M.G. Evans, Memorial Service and Reception, and a Teage Market in December when we were ddight& with the stalls of gods for sale, all of them hand-made by loral teenagers. We look forward in the coming twelve nnthS to welc£)ming faces old and new atxl lo pl8yirKJ host to the many events organised by our enthusiastic Atherstone c(xnmunity. show hospitality to strangers, for some who have done this have entertained angels without reallzlng Itl" Hebrews 13.2. Page 8
PCC OF ST MARYS CHURCH, ATHERSTONE REPORT OF THE TRUSTEES for the year ended 31 Decembèr 2024 FINANCIAL REVIEW Financial position though our finances showed an ex&$ of income over expenditure for the year., this was only because of the interest from the invested legacy reVed in the FWIOUS year. Income: The interest from the legacy, and the savirrfJs account, was £48,292 in 2024. Other fund raising was down by over £2.000,. there was no Merev81e Walk this year. Room Hirewas up by £2,000. Voluntsry Giving was down by£1.5. There was over £8,(K)O on which we could not reclaim gift aid bec3use we reiVed over £16,000 in loose cash and non-gift aided don8ti(x)s', we can only claim against£8,0(K) of this. The preferred method for those who pay lax and wish to tithe regularty is via the Parish Giving Scheme, which collects the gift aid on behalf of the church and pays il to the thurch every month. For those who wish to give via the Sumup machine, then il is possible to declare your giving for gift aid. For those who still give cash then there are enveloFes that can be used to declare gfft aid reclaim. ExpBnditurn: We paid our Diocesan Quota of £26,500., this is significanuy less than the current cost of ministy. The cost of a full-lime minister in 2024 was £64.900. Energy costs were actually down in the year by £1,000,. this was due to a combinatn of only running the heating when ne$Sary, and a price reduction for Gas. Insurance costs also increased by £1.000- we changed our insurance pr(Mder fr(xn 8th April arKJ saved £1.258.46 whcn Comparcd to our pr¢vious insuror. Our Extemal Examiner Fees increased by £4,500-, this was due lo the need to have our previous yearfs rigures restated lo promde figures for the SOFA accnjal accounting method now required by the Charity Commission. This involved the full re-examination of three years of documents. We now have a paid Parish Administrator, fvnded from the interest from the legacy currently invested. Our mission giving was down due to the reduced voluntary giving. The cost of Building Works increased significanuy,. total increase when compared to 2023 was £20.627. Urgent work was done on the Tower to slop futther deterioration. Also included was the cost of a detaIlj survey lo enable drawings lo be done in preparation for pr(iect Work in re-rdering of the whole ChUh,. the cost ofthe suNey was £10,362. Kelth Wlse Treasurer STRUCTURE, GOVERNANCE ANO MANAGEMENT Governing document The charity is controlled by ts goveming document. a deed of trust and ConStiteS an unincorrorated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1206055 Principal address Market Street Atherslone Warwickshire CV91EX Page 9
PCC OF ST MARYS CHURCH, ATHERSTONE REPORT OF THE TRUSTEES for the year •ndod 31 D•c•Mr 2024 Tru$le•s Kwise R8v M J Brandsma Y Z Stone S M Holland S M Stock E Awainman S Grimstead P M Hathway E A Surpllce S Y Simkiss P A Shillon Independent Examiner LDP Luckmans 1110 Elliott Court Coventry Business Park Herald Avenue Coventry Wesl Midlands CV5 6UB Approved by order of the board of trustees on ... . and signed on Its behalf by.. M J Bondsma - Trustee Page 10
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PCC OF ST MARYS CHURCH. ATHERSTONE Independent examlnerfs report to the truste8s of PCC of St Mary's Church. Atherstone I report lo the charity tnJslees on rny examination of the accounts of PCC of St Marys Church. Ather51one (the Trust) for the year ended 31 December 2024. Responslbllltles and bas1$ of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordarbce with the requirements of the Charities Act 2011 llhe ACYI. I report in respect of my examination of the Trust'5 accounts carried out under Section 145 of the Act and in Carng out my examination I have followed all applirAble Directions given by the Charity Commission under Section 145{5llbl of the Act. Independent examlnerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection wth the examinat¢on giving me cause to believe that in any material respecL' accounting records were not kepl in respect of the Trust a5 required by Section 130 of the Act., or the accounts do nol accord wth those cOrds., or the accounts do not comply wlh the applicable qUIrementS conceming the form and content of accounts sel out in the Charrties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examinalion to which attention should be drawn in this rgwrt in order to enable a proper understanding of the actounls lo be reached. M D Spafford FCA FCCA LDP Luckmans 1110 Elliott Court Iventry Business Park Herald Avenue Coventry Wesl Midlands CV5 6UB Dale.. Page11
PCC OF ST MARYS CHURCH, ATHERSTONE STATEMENT OF FINANCIAL ACTrvrriES for the year ended 31 Decembèr 2024 2024 Totsl funds 2023 Totsl funds UNestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 41,589 41.589 1.097,787 CharFiable activities Charitsble 13,113 13,113 10,131 other trading 8ctwib.es Investment income Other income 4,201 47,742 4,909 4.201 48,291 4,909 4.329 734 6,230 549 Total 111,554 549 112,103 1,119,211 EXPENDrruRE ON Charitable activities Charitable 82,950 16,644 99,594 68,862 Net gains on investments 201 201 754 NET INCOMEIIEXPENDITURE) Transfers between funds 28,805 4,889 116,0951 14,8891 12.710 1.051,103 13 Net movement in funds 33,694 120,9841 12.710 1.OJ1,103 RECONCILIATION OF FUNDS Total funds brought forward 1,076.681 53,167 1,129,848 78,745 TOTAL FUNDS CARRIED FORWARD 1.110,375 32,183 1,142,558 1,129,848 The notes fomi part of these finanaal statements Page 12
PCC OF ST MARYS CHURCH. ATHERSTONE BALANCE SHEET 31 December 2024 2024 Total fvnds 2023 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Investments 10 8,972 8.972 8.771 CURRENT ASSETS DebtOT5 Cash at bank 11 71,667 1,042,322 71,667 1,065.534 58,626 1.063,748 23,212 1,113,989 23,212 1,137,201 1,122.374 CREDITORS Amounts falling due within one year 12 13.614) {3,6151 11,2971 NET CURRENT ASSETS 1,110,375 23,211 1,133.586 1,121.077 TOTAL ASSETS LESS CURRENT LIABILrriES 1.110.375 32,183 1.142.558 1,129,848 NET ASSETS 1,110,37S 32.183 1.142.558 1,129,848 FUNDS Unrestricted funds Restricted funds 13 1,110,375 32,183 1.076,681 53,167 TOTAL FUNDS 1.142,558 1.129,848 The fin 5tatemenls were approved by the Board of Tfustees 8nd aulhorised for issue ..ijJLand were signed on its behalf by.. J Brandsma - Twstee K Wise- TTUStee The notes fn part ofthese financial ststements Page13
PCC OF ST MARYS CHURCH, ATHERSTONE CASH FLOW STATEMENT for the year ended 31 Decembèr 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations 146,505} 1,004,608 Net cash lused invprovided by operating activities 146,505) 1,0(>1,608 Cash flows from Investlng actlvltles Interest received 48,291 734 Net cash provided by investing actiwties 48,291 734 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 1,786 1,005,342 1,063,748 58,406 Cash and cash equivalents at the end of the reportlng perfod 1,065,534 1,063,748 The notes fomi part of these finanoal slalemenls Page 14
PCC OF ST MARYS CHURCH, ATHERSTONE NOTES TO THE CASH FLOW STATEMENT for the year ended 31 Decembèr 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the reportlng perfod (as per the Statement of Financial Activities) Adjustments for. Gain on investments Interest received Increase in debtors Increase1{dreasel in credf(ors 12,710 1,051,103 12011 148,2911 113,0411 2,318 17541 17341 127,5631 117,4441 Net cash (used inllprovided by operations 146,5051 1,004,608 ANALYSIS OF CHANGES IN NET FUNDS At 1.1.24 Cash flow Al 31.12.24 Net cash Cash al bank 1.063,748 1.786 1,065,534 1.063,748 1,786 1,065,534 Total 1,063,748 1,786 1,065,534 The notes fomi part of these finanoal slalemenls Page 15
PCC OF ST MARYS CHURCH, ATHERSTONE NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 Decembèr 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial slalements of the charity, which is a pUtlC benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Ac(x)unling and Reporting by Ch8ribes'. statement of Recommended practi ap1¢able to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191,, Finan31 Reporbng Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, wrth the exception of invesbnents which are induded at market value. 8$ modified by the revaluation of certain assets. Income l income is recognised in the Slalement of Financial Activi(ies once the ch8rity has entitlement to the funds. f( is probable that the inc(xne will be receiv& and the am(xJnt can be measured reliably. Expenditure Liabilities are renised as expendf(ure as scnn as there is a legal or conslnjctive obligation committing the charity lo that expenditure, il is probable that a transfer of eC0M1¢ benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accnjals basis and has been dassified under headings that aggregate all cost related to the category. Where costs cannot be direcuy attributed lo particular headings they have teen allocated to activi(ies on a basis conslstenl with the use of resource5. Taxation The charty is exempl from lax on its charitable aCtives. Fund accounting Unrestricted funds can be used in accordance with the charitsble objectives at the discretion of the trustees. Restricted funds can only be used for parbcular restricted purposes within the objects of the charity. Restrictions 8ri5e when by the donor or when funds are raised for Pa'cUlar restricted purposes. Futher ewanalion of the nature aThJ purpose of each fund is induded in the notes to the financial statements. Penslon costs and other post-retlrement beneffts The charity operates a defined cx)nlribub'on pension stheme. Cc¥)tributions payable to the tharitys pension stheme are charged to the Statement of Finanryal Activities in the peri¢)Y to which they relate. DONATIONS AND LEGACIES 2024 2023 Donations Gift aid Legacies Grants 34,697 6.754 15,774 27.672 1,050,500 3,841 138 41,589 1,097,787 Page 16 conts'nued...
PCC OF ST MARYS CHURCH, ATHERSTONE NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 Decembèr 2024 DONATIONS AND LEGACIES- continu8d Grants receiv. included in the above. are as follows= 2024 2023 Coventy Diocesan Board of Finan Think Active Other grants 1,181 2,660 138 138 3,841 OTHER TRADING ACTIVITIES 2024 2023 Income from events Other income 2,164 2,037 2,115 2.214 4,201 4,329 INVESTMENT INCOME 2024 2023 Deposit account interest 48,291 734 INCOME FROM CHARITABLE ACTivrriES 2024 2023 Activity Charitable LettirKJ and Hire 13,113 10.131 CHARITA8LE ACTIVITIES COSTS Direct Costs Charitable 99,594 TRUSTEES. REMUNERATION AND BENEFrrs There were no Iruslees, reMuneratiC other benefits f the year ended 31 Decemttr 2024 nor for the year ended 31 December 2023. Trustg9$' gxpenses There were no Iruslees, expenses paid for the year ended 31 Decemter 2024 for the year ended 31 Dember 2023. Page 17 conts'nued...
PCC OF ST MARYS CHURCH, ATHERSTONE NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 Decembèr 2024 STAFF COSTS 2024 2023 Wages and salaries Other pension costs 28 5,072 The average fTK)nthly number of employees during the year Was as follows.. 2024 2023 Parish Administrator No employees received emolunEnts in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCL4LACTivrriES Unrestricted funds Restricted funds Totsl funds INCOME AND ENDOWMENTS FROM D(ationS and legacies 1.092,419 5,368 1,097,787 Charitable actlvltles Charfiable 10,131 10,131 Other trading actDiities Invcstmcnt in¢om¢ Other income 2,046 192 6,230 2,283 542 4.329 734 6,230 Total 1.111,018 8,193 1.119,211 EXPENDuRE ON Charitable activities Charitable 67,434 1,428 68,862 Nel gains on investments 754 754 NET INCOME Transfers between funds 1,043,584 11,2601 7,519 1,260 1.051,103 Net movement in funds 1,042,324 8,779 1.051,103 RECONCILIATION OF FUNDS Total fvnds brwght forward 34,357 44,388 78,745 TOTAL FUNDS CARRIED FORWARD 1,076,681 53,167 1,129,848 Page 18 conts'nued...
PCC OF ST MARYS CHURCH, ATHERSTONE NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 Decembèr 2024 10. FIXED ASSET INVESTMENTS Unlisted investments MARKET VALUE At 1 January 2024 Revaluations 8,771 201 At 31 Dember 2024 8,972 NET BOOK VALUE At 31 December 2024 8,972 At 31 December 2023 8,771 There were no investment assets OLrtside the UK. Cost valuation at 31 Dernber 2024 is represented by: Unlisted investrnents Valuation in 2024 8.972 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors Prepayments 57,738 13,929 57,474 1,152 71,667 58,626 12. CREDITORS: AMOUNTS FALLING DUE WH1N ONE YEAR 2024 2023 Other creditors 3,615 1,297 Page 19 conts'nued...
PCC OF ST MARYS CHURCH, ATHERSTONE NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 Decembèr 2024 13. MOVEMENT IN FUNDS Net movement in furKJs Transfers betw*n funds At 31.12.24 1.1.24 Unrestricted funds General fund Stay and Play Vicarfs Mission FurKI Bellringers Account Knthrs Donations Messy Church Tea and Chat Social Committee Unrestricted common roomlkitchen project 1.072,513 60 521 382 1.907 27.395 516 1601 1.1CQ,424 521 405 1,291 119 1.246 130 22 11151 1575} 787 1370} 15011 500 11251 1201 520 1,661 4,578 6.239 1.076,681 28.805 4,889 1,110,375 Restrleted funds AG Hall Trust Hambury Trust Building Fund Grant - Childrens. Play Area CCInnn Room and Lounge Refurbishment Think Active Clock Fund Tea & Chat restricted 1,885 8,771 26.848 1,175 3( 243 115.037} 2,191 9,014 2,480 1,175 19,3311 12.134 747 1.607 5,164 17471 17,298 {1,607} 25 25 53.167 116.095) 14,8891 32,183 TOTAL FUNDS 1,129,848 12,710 1,142,558 Nel movement in fvnds, included in the above are as foll(pws'. Incoming resour(2S Resources expended Gains and losses Movement in funds Unrestrlcted funds General fund Bellringers Account Knitters Donations Messy Church Tea and Chat Social Committee Unrestricted common roomlkrtchen project 107.570 180,376} 201 27,395 22 {1151 {5751 787 {3701 {116} {575} {1,009} 1370} 1,796 2.165 1504) 1.661 111.554 182,950} 201 28,805 Restricted funds AG Hall TTUSI Hambury Trust Building Fund Clock Fund 306 243 3( 243 115,0371 11,6071 115,037) {1,607} 549 116,6441 116,0951 TOTAL FUNDS 112,103 199,594} 201 12,710 Page 20 conts'nued...
PCC OF ST MARYS CHURCH, ATHERSTONE NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 Decembèr 2024 13. MOVEMENT IN FUNDS- continuod Comparatlves for movement In funds Net movement in furKJs Transfers beeen funds At 31.12.23 At 1.1.23 Unrestricted funds General fund Stay and Play Vicarfs Mission FuThY Bellringers Account Knitters Donations Messy Church Tea and Chat Social Committee 30,784 130 1,391 312 1,237 194 309 1,042.184 1412} {870} 70 670 14551 342 1,072,513 60 521 382 1.907 194 275 1,667 11,1471 520 34,357 1,043,584 11,2601 1,076.681 Restricted funds AG Hall Trust Hambury Trust Building Fund Grant - Childrens, Play Area Common Room and Lounge Refurbishment Think Active Clock Fund 1,583 8.017 26,057 1,175 302 994 551 1,885 8,771 26,848 1.175 12401 240 7,556 2,571 1,494 1,607 2,007 17471 12,134 747 1,607 44,388 7,519 1,260 53,167 TOTAL FUNDS 78.745 1.051,103 1,129,848 Page 21 conts'nued...
PCC OF ST MARYS CHURCH, ATHERSTONE NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 Decembèr 2024 13. MOVEMENT IN FUNDS- continuod Comparative nel movement in funds, included in the above are as follows.. Incoming rescXJrS Resources expended Gains and losses Movement in funds Unrestricted fund5 General fund Stay and Play Vicarfs Mission FuThJ Bellringers Account Knitters Donations Tea and Chat Social Committee 1,106,761 368 164,577} 1780} 18691 1,042,184 {4121 {8701 70 670 275 1,667 70 1,135 650 2,035 {465} 1375} 1368} 1,111,018 167,434} 1,043,584 Restricted funds AG Hall Trust Hambury Trust Building Fund ComrrK)n Room and Lounge Refurbishment Think Active Clock Fund 302 240 551 302 991 551 751 2,833 2,660 1.607 1262) {1,166} 2,571 1.494 1,607 8,193 {1,428} 754 7.519 TOTAL FUNDS 1,119,211 168,862} 754 1,051,103 Restricted Funds: AG Hall Tnjsl for the church organ maintenance, music and other musical instruments. Hambury Trust for the church building fabric repairs and maintenance. Clock Fund for the maintenance of the church tower clock MhaniSMs. Building Fund for the church building fabric repairs and maintenance. Grant - Childrens, Play Area Grant - Tea & Chat for the Tea and Chal activ.eS. Grant - Think Active for promob'ro activities for the clder generation. ComrrK)n Room and LourrfJe for Common RM refiJrbi%hment to provide new toilet and kitchen faciif(ies. Designated Funds: Social Committee Fund was created from fund raising events to support events and outings for church members and others. Stay & P18y was created from grants and donations for running the Stay and Play t¢)ddlers group. The funds ran out in 2023 and the activity was stopped due to lack of numbers. Vic8ls Mission Fund is donated money that is for outreach activilies,- exndItUre is aulhorised by the vicar. Page 22 conts'nued...
PCC OF ST MARYS CHURCH, ATHERSTONE NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 Decembèr 2024 13. MOVEMENT IN FUNDS- continuod Bellringers Acc(yJnt is for the maintenance of ropes arKJ other Maintenan relating to the bells in the church lower. Knitters Donations created by fund raising activities of the Knit and Natter Group., expenditure is for their activities or other exFenditure lo support the church as directed by the group. Tea & Chat Fund is reserved for activities of the Tea and Chat Group induding bus trips for the group. Messy Church Fund is for the use of the Messy Churth activities,. this has only recently started up again after beirg Closed as a resur( of the COVID pandemic. ComrTK)n RoornlKitchen Project Fund has been txeated frtTh fund raising activf(ies for Common Room refijrbishmenl lo provide new toilet and kitchen facilities. 14. RELATED PARTY DISCLOSURES There were no rdated party transactions for the year ended 31 December 3J24. Page 23
PCC OF ST MARYS CHURCH, ATHERSTONE DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 Decembèr 2024 2024 2023 INCOME AND ENDOWMENTS Don*ion$ and19ga¢igs Donations Gift aid Legacies Grants 34,697 6,754 15,774 27,672 1.050,500 3.841 41,589 1.097,787 Other tradlng actlvltles Income from events Other income 2,164 2,037 2.115 2.214 4,201 4.329 Investment income Deposit account interest 48.291 734 Charttsble activities Letting and Hire 13,113 10,131 Other income Wedding and funeral fees 4,909 6,230 Total Incomlng resources 112.103 1.119,211 EXPENDuRE Chartiable activities Wages Pensions Rates and water Insurance Postage and stationery Diocesan Quots Buildings maintenance Bank charges Cleaning wages and materials Health and safety Broadband & website renewal Events Accountancy Charitable donations Clergy expenses Other expendf(ure Video & copyright linCe Mission Church services costs Messy Church 5,044 28 8,033 5,189 1,122 26,500 24,484 72 4,701 324 1,9 132 5,840 3.195 6,126 3,857 10.828 4.905 2,341 25,000 4,643 45 3.906 2,032 492 198 3,431 7.034 2,641 377 989 2,080 475 99,594 68,862 This page does not fomi part of the statytory financial slalements Page 24
PCC OF ST MARYS CHURCH, ATHERSTONE DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 Decembèr 2024 2024 2023 Total resources expended 99,594 68.862 Net income before gains and losses 12,509 1,050,349 Realised recognised gains and losses Realised gainslllossesl on fixed asset inveslments 754 Net income 12,51)9 1.051,103 This page does not fomi part of the statytory financial slalements Page 25