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2024-12-31-accounts

The Friends of St Mary’s Church, Bungay AGM 12[th] May 2025 Chairman’s Report

St Mary’s has continued to host a series of events throughout the last twelve months, which I will illustrate shortly in a Powerpoint presentation. These included the following:

Photos of a number of these events will be included in my presentation shortly.

During the course of the year, meetings have continued regarding the proposed installation of solar panels on the church. In October, a site

meeting was held, regarding where the panels would be installed. The south roof had been discounted as planners would not accept the panels being visible from St Mary’s Street. As a result, the discussion centered on the panels being installed on the north roof, where they would not be visible from street level. This is, of course, subject to the required permissions being granted.

Turning to the day to day activities in the church, security remains an issue at times, as is the case with many other churches. The church is now routinely open from 9.00am – 4.00pm. Options are being considered regarding the installation of new CCTV cameras, running throughout each day, in order that perpetrators of damage or inappropriate behaviour can be identified and, if necessary, reported to the police with supporting recordings of those present at the time. This issue is by no means unique to St Mary’s as other churches have the same issue with which to contend.

The activities and events held in the church are recognised by the Churches Conservation Trust as being ‘above and beyond’ what is staged in many other CCT managed churches, as well as recognising the financial support which the FOSM provides to the CCT, being income generated from bequest investments, and shared with the CCT, as shown in the annual accounts.

I should like to thank the FOSM committee members for enabling the church to be used for the various events, and for supporting the ‘behind the scenes’ activities such as stewarding events, exhibitions and concerts. I should also like to thank two individuals who have been involved in FOSM for many years. Firstly, my thanks to Brian Cloke, who has stood down as a committee member, after many years of active involvement. Equally, our thanks are due to Brian Moore, who dedication to his role of looking after and maintaining the church is greatly appreciated by the committee. Thank you Brian!

In conclusion, I should mention that my wife and I are looking to relocate to Northumberland, to help support our eldest son and his wife, who currently have two pre-school sons, with a third due in the next couple of months. It will be a significant change, and one which we hadn’t anticipated. It will mean me standing down from my involvement with St Mary’s and my FOSM colleagues. I would like to take this opportunity to

thank my committee colleagues for their support and guidance while I have been the FOSM Chair and Treasurer.

Friends of St Mary’s Church, Bungay

Accounts for the year ended 31[st] December 2024

Receipts 2024 2023
Subscriptions and donations 512.06 535.00
Income from events 1,063.54 774.47
Retained event cash banked 252.83 175.00
Hire of church 2,957.50 2,757.50
Dividends & interest received – BB account 19,192.52 17,210.56
Dividends & interest received – General account 3,095.86 3,475.21
Total Receipts 27,074.31 24,927.74
Payments
Donations to CCT 6,884.22 5,881.87
Church maintenance 8,869.12 9,617.49
Capital improvements 4,708.12 2,547.00
Fundraising costs 690.60 422.05
Insurance 2,369.24 2,162.89
Miscellaneous and admin 2,824.24 3,278.77
Total payments 26,345.54 23,910.07
Surplus/Defcit for the year
Total receipts 27,074.31 24,927.74
Total payments 26,345.54 23,910.07
Surplus/defcit for the year 728.77 1,017.67
Wall safe cash received and banked 341.81 491.46
Retained event cash
£261 retained as cash foat

Friends of St Mary’s Church, Bungay

Accounts for the year ended 31[st] December 2024

Assets as at 31st December 2024 2024 2023
Lloyds Bank account
19,810.55 (B)
19,081.78
Share portfolio & broker BB account 477,229.01(A)
475,859.31
Share portfolio and broker General account 85,449.51 (B) 82,377.18
Petty Cash 0.00 (B) 0.00
Retained cash 261.00 (B)
261.00
Total assets
582,750.07 577,579.27
Summary of assets as at 31st December 2024
Bowerbank bequest assets
469,552.00 (A-C) 468,975.09
BB donation to be paid to the CCT for 2024 7,677.01 (C)
6,884.22
General account assets 105,521.06 (B)
101,719.96
Total assets as above 582,750.07
577,579.27

division of the dividends from the Bowerbank funds, was 60%/40% in favour of the Friends, and was for 10 years ending on 31[st] December 2018. It was agreed at the Friend’s committee meeting on 6[th] July 2020 to continue apportioning dividend income on the same basis, and make payment to the CCT.

Bowerbank dividends and interest as per accounts
Bowerbank dividends and interest as per accounts
19,192.52
17,210.56
Retained by the Friends of St Mary’s 60%
11,515.51 10,326.34
Due to CCT 40%
7,677.01 (C)
6,884.22
Total income as above
19,192.52 17,210.56

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