## **The Friends of St Gregory’s Minster, Kirkdale Charity Number 700344** ## **Trustees’ Report** ## **for the year ending 31[st] December 2024** 1. **Summary:** Overall, the Charity is in a healthy financial position with year-end Total Net Assets of approximately £108,927 (2023: £83,961). 2. **Basis of Accounts:** The 2024 Accounts have been independently examined by Hallgarth Accountants. They are prepared on a Receipts and Payments basis in line with the latest Charity Commission guidelines. Information can be obtained from the Treasurer. The guidelines are available at: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/585971/CC16b.pdf ## **Receipts & Payments** 3. **Subscriptions & Membership:** Subscription receipts from members increased slightly to £1,220 (2023: £1,120), even though total recorded membership dropped to 155 (2023: 157). An explanation for this is that departing members who were life members did not pay ongoing subscriptions, whereas all new and recent members do pay fees annually. There were 6 new members and 8 departing members. 4. **Donations:** Unrestricted Donations totalled £42,508 (2023: £2,365). The difference is mostly due to a legacy of £25,000, a one-off donation of £10,000 and one of £6,500 from the Rydale Show (2023: £1,500). Restricted funds and donations must be separately reported. The Charity has two restricted funds: - The Conservation Fund – end of year balance after 2024 expenditure was £2,668 (2023: £24,037): This fund was set up in 2020 following the Minster's Quinquennial Report, which revealed the need for additional preservation and renovation work. In 2024, donations were relatively small at £135, whereas in 2023, the total donated to this fund was £15,365. - The Sundial Fund – end of year balance £1,573 (2023: £1,573): This fund was set up several years ago to help preserve the Minster’s sundial. There were no transactions in 2024 (2023: £0). 5. **Sales of Stock:** Many items for sale are picked up and purchased by visitors to the Minster, who pay the money they owe directly into the Minster's general collection box. Some are also taken without payment. This means that accurately tracking which items have been sold is not possible. The estimated proceeds of sales made in the Minster is paid to the Charity by the Minster's treasurer half yearly. The total sales for 2024 of £1,309 (2023: £1,492) includes £225 from China mugs and £850 from sales of monographs. 6. **Gross Income:** Receipts for 2024 increased to £48,699 (2023: £22,473) mostly due to several large unrestricted Donations (see note 4 above) totalling £42,508. 7. **Total Payments:** These totalled £24,443 (2023: £3,057). The main reason for the large difference is that in 2024 the Charity made payments to Kirkdale JCC to benefit the Minster totalling £22,654 (whereas in 2023 this figure was £43), most of which was given by the Charity to help cover Minster repairs. 8. **Net Receipts (Total Receipts minus Total Payments):** In 2024 the Charity has a cash surplus of £24,256 (2023: £19,416). ## **Assets & Liabilities:** 9. **Cash Funds:** Cash funds at year end increased to £64,768 (2023: £40,512). 10. **Investment Assets** (held in CCLA COIF Charities Short Duration Bond Fund and Ethical Investment Fund) **:** As a result of reasonable market conditions in 2024, their value increased by 5.8% to £39,970 (2023: £37,777). 11. **Total Net Assets:** As mentioned in note 1, on 31[st] December 2024 the Charity had Net Assets totalling £108,927 (2023: £83,961). This is an increase of £24,966 for the year (2023: £25,637). 12. **Liabilities:** The Charity has no liabilities. Diana Pearce Honorary Treasurer James Lloyd Farrell Burnett Co-Chairman Co-Chairman 17[th] May 2025 CHARITY COMMISSION FOR ENGLAND AND WALES The Fri•nds Of St GIry￿ Minster, Klthla Receipts and payments accounts CC16a For the period Section A Receipts and payments funds funds fund5 T¢Aal fund5 Al Receipts Subxrpknn5 & Member5hip5 Donatigns IUnFestrictedl DgnaboT>s (Reslrickdl Gift Aid Refund Ire prevhxts yeaty Grants IR8SknLted) Bank & InvestneTrt Inknst Sales of Stod Event5 Other re￿[Pl$ lind. VAT Refvndl 1,120 2.365 14366 318 135 1275 13S 1.616 1.334 S36 Ih92 1277 578 Sub total( AR) 47 22An (see table). None Sub total 47,289 1A1 22,473 A3Pa Grnnts IUnTestrtt￿) GTaTrts IReslricted) Events 1,352 Bank Fees Stoc* Purchases & Printsng Insurance o)rttribution110 Kirkd* Jec) m￿ster tepairs (to JCCI 69 S74 1,150 21W4 85 q.soo 21M4 335 Sub total rchas•s, so4 tab19 Sub total 1939 3,057 Net of￿￿￿{payrn￿tsj AS Transfers beiween A6 Cash lunds lagtyear end Cash fvnds this year end -20.094 19.416 40,512 44.350 Pau&1<*2 Section B Statement of assets and liabilities at the end of the period Restricted funds Endowment funds to noar05t£ Categories Details funds B1 Cash funds CAF Cash s3￿0 4.241 Vitgin Charity OeFx￿.rt U79 Vitwn ChaFty Nutv Total cash funds 4.241 fund5 nds 2024 361 Details B3 Investment assets 25.131 Details charitys own use Details B5 Liabilities Print Name Date Slgned ty iwo truskns on behalf of all the trustsos SOU￿ of this Charrtres Commission CC16a lem htt s".IIMvw. ov.ukl overnmentlu loadsls stemlu loa ment dataffiW110871CC16a - revisions 190417. Pao&2c12 Independent Examiner's Report to the PCC Members Friend's of St. Gregory's Minster, Kirkdale We have conducted an independent examination of the financial statements of the Friend's of St. Gregory's Minster, Kirkdale for the year ending 31 December 2024, in accordance with the Church Accounting Regulations 2006 {'the Regulations,) and section 145 of the Charities Act 2011 ('the 2011 Act,). Respective Responsibilities of PCC and Examiner As Trustees you are responsible for the preparation of the financial statements. You consider that the audit requirement of the ReguLations and section 144(2) of the 2011 Act do not apply. It is our responsibility to issue this report on those financial statements in accordance with the terms of the Regulations. Basis of this Report Our examinat7on was carried out in accordance with the General Directions given by the Charity Commissioners under section 145(5){b) of the Act and to be found in the Church Guidance, 2006 edition, issued by the Finance Division of the Archbishop's Council. An examination includes a review of the accounting records kept by the Trustees and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as Trustees conceming any such matters. The procedures undertaken do not provide aLI the evidence that would be required in an audit, and consequently we do not express an opinion on the view given by the accounts. Independent Examiners Statement No matter has come to our attention, in connection with the examination, which give5 us reasonable cause to believe that, in any material respect, accounting records have not been kept in accordance with section 130 of the 2011 Act and the Regulations, or that the financial statements do not accord with the requirements of the Act and the Regulations. In our opinion, there are no items to which attention should be drawn to enable a proper understanding of the financial statements to be reached. Hallgarth Accountants Limited Chartered Accountants 2 Hallgarth Pickering Y018 7AW 6th May 2025