St Benedict's Church, Glinton
Annual Report and Financial Statements of the Parochial Church Council
for the year end December 2024
Vicar
Rev Keir Dow
Bank:
Barclays Bank plc Church Street Peterborough
Independent examiner:
Mr Matthew Phillips 10 Main Street, Etton Peterborough
ST BENEDICT'S CHURCH, GLINTON
FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2024
GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT
| ST BENEDICT'S CHURCH, GLINTON FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2024 GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
ST BENEDICT'S CHURCH, GLINTON FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2024 GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
ST BENEDICT'S CHURCH, GLINTON FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2024 GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
ST BENEDICT'S CHURCH, GLINTON FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2024 GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
ST BENEDICT'S CHURCH, GLINTON FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2024 GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
ST BENEDICT'S CHURCH, GLINTON FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2024 GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
ST BENEDICT'S CHURCH, GLINTON FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2024 GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
ST BENEDICT'S CHURCH, GLINTON FINANCIAL STATEMENT FOR THE YEAR to 31 DECEMBER 2024 GENERAL FUND - UNRESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
|---|---|---|---|---|---|---|---|
| Note | 2024 | 2023 | |||||
| £ | £ | £ | £ | ||||
| Receipts | |||||||
| Incoming resources from donors | |||||||
| Planned giving | 6,704.90 | 7,078 | |||||
| Tax recovered | 2 | 738.62 | 1,056 | ||||
| Collections at services | 1,932.83 | 2,399 | |||||
| Giving by SumUp | 7 | 401.23 | 2 | ||||
| 9,777.58 | 10,534 | ||||||
| Other voluntary incoming resources | |||||||
| Donations | 7 | 2,879.21 | 8,120 | ||||
| Fund raising | 3 | 4,501.70 | 4,709 | ||||
| 7,380.91 | 12,828 | ||||||
| Income from investments | |||||||
| Land Rents | 11 | 3,395.00 | 3,395 | ||||
| Bank interest | 0.00 | 0 | |||||
| Transferred from CCLA | 31,500.00 | 7,000 | |||||
| 34,895.00 | 10,395 | ||||||
| Income from operating activities | |||||||
| Fees | 10 | 2,163.00 | 916 | ||||
| Total Receipts | 54,216.49 | 34,674 | |||||
| Payments | |||||||
| Grants | |||||||
| Charitable giving | 4 | 0.00 | 0 | ||||
| Church Activities | |||||||
| Diocesan quota | 9 | 21,312.00 | 20,690 | ||||
| Payments ref Fund Raising | 651.67 | 692 | |||||
| Clergy expenses | 625.03 | 163 | |||||
| Readers & Visiting Priests’ fees | 98.70 | 124 | |||||
| Costs of Services | 109.23 | 297 | |||||
| Church Running Expenses | 1,279.98 | 988 | |||||
| Church Maintenance | 5 | 4,478.57 | 2,501 | ||||
| Reordering | 35,048.17 | 4,763 | |||||
| Sound System | 5,7 | 0.00 | 0 | ||||
| Insurance | 1,836.62 | 1,772 | |||||
| Organists | 345.00 | 540 | |||||
| 65,784.97 | 32,529 |
| Church management and administration | |||||||
| Printing and Stationery | 32.12 | 93 | |||||
| Officers expenses | 0.00 | 0 | |||||
| Copyright licence | 97.00 | 101 | |||||
| Quinquennial Survey | 0.00 | -312 | |||||
| Cost of meetings/Training & Subs | 0.00 | 0 | |||||
| books | 0.00 | 0 | |||||
| Flowers | 0.00 | 50 | |||||
| Sundry Expenses | 8 | 39.00 | 94 | ||||
| 168.12 | 26 | ||||||
| Total Payments | 65,953.09 | 32,555 | |||||
| Excess of Receipts over Payments | -11,736.60 | 2,119 | |||||
| 0.02 | 0 | ||||||
| Bank account 01 January 2024 | 6,817.22 | 417 | |||||
| Net Change in funds held for 9BB Choir (included in a/c) | 904.00 | 826 | |||||
| Net change in funds held for Youth Ministry (included in a/c) | 0.00 | 4,706.16 | -215 | ||||
| Net change in funds held for Tuesday at Ten (included in a/c) | 0.00 | -477.65 | -109 | ||||
| Net change in funds held for Messy Church (included in a/c) | -100.06 | 0 | |||||
| Net change in funds held for Benefice Fundraising(included in a/c) | 4,317.89 | 3,326 | |||||
| Transferred to CCLA account | 0.00 | 0 | |||||
| Debtors b/fwd | 101.36 | 405 | |||||
| Debtors c/fwd | 6 | 297.53 | -101 | ||||
| Creditors b/fwd | -150.00 | 0 | |||||
| Creditors c/fwd | 6 | -245.00 | 150 | ||||
| Bank account 31 December 2023 | 4,434.87 | 6,817 | |||||
| (Actual) | 4,434.87 | ||||||
| (Difference) | 0.00 | -27.52 | |||||
FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT
| FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
FABRIC FUND - RESTRICTED FUND RECEIPTS AND PAYMENTS ACCOUNT |
|---|---|---|---|---|---|---|---|
| Note | 2024 | 2023 | |||||
| £ | £ | £ | |||||
| Receipts | |||||||
| Incoming resources from donors | |||||||
| Covenants and planned giving | |||||||
| Reimbursement from general fund | |||||||
| Transfer from general fund | 0 | 0 | |||||
| 0 | 0 | ||||||
| Other voluntary incoming resources | |||||||
| Donations | 0 | 0 | |||||
| From 100 club | 0 | 0 | |||||
| 0 | 0 | ||||||
| Income from investments | |||||||
| Interest and Dividends | 6,808 | 5,374 | |||||
| Land Rents | 11 | 0 | 0 | ||||
| 6,808 | 5,374 | ||||||
| Total Receipts | 6,808 | 5,374 | |||||
| Payments | |||||||
| Activities directly relating to the work of the Church | 0 | 0 | 5,000 | ||||
| Re-ordering | 6,500 | 0 | 2,000 | ||||
| Church Maintenance | 0 | 0 | 0 | ||||
| Total Payments | 6,500 | 7,000 | |||||
| Excess of Receipts over Payments | 308 | -1,626 | |||||
| Bank and Deposit accounts 01 January 2024 | 46,802 | 48,428 | |||||
| Bank and Deposit accounts 31 December 2024 | 47,110 | 46,802 | |||||
ST BENEDICT'S CHURCH, GLINTON
| ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON | ST BENEDICT'S CHURCH, GLINTON |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FINANCIAL STATEMENT | |||||||||||
| for the year ended 31st December, 2024 | |||||||||||
| STATEMENT OF | ASSETS AND LIABILITIES | ||||||||||
| General | Fabric | Totals | |||||||||
| Fund | Fund | 2024 | 2023 | ||||||||
| £ | £ | £ | £ | ||||||||
| Monetary assets | |||||||||||
| Bank balances and cash | 4,435 | 47,110 | 51,545 | 53,619 | |||||||
| Debtors | 245 | 245 | 150 | ||||||||
| Liabilities | |||||||||||
| Creditors | -17,582 | -17,582 | -8,906 | ||||||||
| -12,903 | 47,110 | 34,207 | 44,863 | ||||||||
| Balance as at 01 January 2024 | 2,215 | 46,802 | 49,017 | 50,643 | |||||||
| Surplus/defcit for the year | -15,118 | 308 | -14,810 | -5,780 | |||||||
| Balance as at 31 December 2024 | -12,903 | 47,110 | 34,207 | 44,863 | |||||||
| Debtors | |||||||||||
| Owed to PDBF for fees | 245 | ||||||||||
| Creditors | |||||||||||
| Owed to St Benedict’s for Incumbents expenses |
298 | ||||||||||
| Tuesday at Ten | 0 | ||||||||||
| Messy Church | 0 | ||||||||||
| 9BB Choir Funds | 1735 | ||||||||||
| Youth Ministry Grant | 4706 | ||||||||||
| Benefce Fundraising | 10844 | ||||||||||
| 17582 | |||||||||||
| St Benedict's holds CBF and COIF investments, which are subject to the terms of the trust in which they are held. The market value of the investments at 31 December 2024 are shown below: |
|||||||||||
| 2024 | 2023 | ||||||||||
| £ | £ | ||||||||||
| 196,704 | 218,602 | (Efective investment return | of 1.4%) | 1 | |||||||
| At 31 Dec 2024 these investments are as follows: | |||||||||||
| 2024 | 2023 | ||||||||||
| Church Lands 128001349S | 70,379 | 70,790 | |||||||||
| Church Lands CO3059295 | 27,718 | 27,106 | 0 | 2.26 | |||||||
| Bell Fund CB3032166 | 41,586 | 64,961 | Note : £25,000 withdrawn for re-ordering 12.02.24 | ||||||||
| Larkin Bequest CB3032167 | 57,021 | 55,745 | 0 | 2.29 | |||||||
| Total | 196,704 | 218,602 | |||||||||
| St Benedict's also owns land, which is subject to terms of the trust in which it is held, and has use of the rental income from the land. |
|||||||||||
| To be approved by the Parochial Church Council | |||||||||||
| Dr Simon Richards, Treasurer |
Notes to the Accounts 2024
1 Accounting Policies
The financial statements have been prepared in accordance with the Church Accounting Regulations 1997 using the Receipts & Payments method.
Funds
General funds represent the funds of the PCC which are not subject to any restrictions regarding their use and available for application to the general purposes of the PCC.
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
2 Income tax recovered
Tax recovered relates to the period upto 5th April 2024, and includes all Gift Aid claimable under Gift Aid Small Donations Scheme (which includes money given in plate collections.) The Parish Giving Scheme credits the gift aid payable on a monthly basis; this sum is not accounted separately.
3 Fund Raising, net of expenses
| including : 100 Club donation |
1000 |
|---|---|
| Beetle Drive | 549 |
| Fashion Show | 271 |
| Dixielanders | 942 |
| Piano Talk | 332 |
| Christmas Fayre | 502 3596 |
| Total Fund Raising | 3,850 (profit) |
| Charitable giving | |
| Charitable giving was paid at a Benefce level from the funds gathered at Tuesday @ Ten, and distributed to local charities in accordance with the wishes of the ‘patrons’ of Tuesday @ Ten |
|
4 Charitable giving
5 Church Maintenance
| Chubb (Fire extinguishers) | 24 |
|---|---|
| Vulcana (Gas heater maintenance) | 390 |
| Organ tuning and maintenance | 210 |
| Churchyard Maintenance, including wall repair | 1,754 |
| Gutter clearance | 230 |
| Fabric maintenance | 45 |
| Miscellaneous maintenance costs | 795 |
| Churches Fire Security | 1030 |
| Total recorded | 4,479 |
6 Creditors & Debtors
| Creditors & | Debtors | |
|---|---|---|
| Creditors: | Owed to PDBF in respect of fees | |
| 245 | ||
| Debtors: | ||
| Owed to St Benedict’s Church in respect of | ||
| Incumbent’s expenses | 298 |
In addition, St Benedict’s holds monies for other Benefice Organisations and records these funds :
| In addition, St Benedict’s holds monies for other Benefce Organisations and records these funds : |
||
|---|---|---|
| Balance at 31.12.24 | ||
| Benefce Fundraising | 10844 | |
| Youth Ministry | 4706 | |
| Benefce Choir | 1735 | |
| Total | 17285 | |
| 7 Donations | ||
| Voluntary donations to Benefce Choir Funds | 1010 | |
| Donations at Weddings | 68 | |
| Donations at Funerals | 255 | |
| Grant funding | 0 | |
| Legacy | 0 | |
| Named donations | 195 | |
| Total church box | 120 | |
| Miscellaneous Donations | 2142 | |
| Donations made online (using SumUp) | 401 | |
| Total | 4191 | |
| (Less Choir donations, transferred to Choir Fund) |
3181 | |
| 8 Sundry Costs | ||
| Include : | ||
| Thank you tea | 13 | |
| Clergy Lunch | 22 | |
| Servery miscellaneous | 4 | |
| Total | 39 | |
| 9 Diocesan Quota | ||
| The share of the Diocesan Quota for St Benedict’s Church (representing 100% of full share ) 21312 116 |
||
| 10 Fees | ||
| 2 Weddings, 8 funerals and 3 interment of ashes were conducted in 2024 | ||
| 11 Land Rents | ||
| The PCC agreed that Land Rents should be paid into the General Fund to be used to support the ministry and worship in St Benedict’s Church |