2024-12-31-accounts - Stow Church Restoration Trust

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Trustees’ Annual Report for the period

From 01/01/2024 Period start date To 31/12/2024 Period end date

Charity name: Stow Church Restoration Trust

Charity registration number: 700744

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The object of the Trust is the repair and maintenance of St Mary’s Church (Stow Minster) and of its furnishings, equipment and churchyard
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	1 For some years we have provided a dedicated space for the use of a ‘pop up’ post office, three half days per week, which is used by members of the public living in nearby villages. 2 Identification of a space for use by the public for a variety of community purposes, such as meetings by community groups, open days by ecumenical partners and teaching spaces for schools and lectures– removal of pew seating and the provision of an electrical supply is being carried out during 2024 and 2025
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	I confirm that the Trustees have had regard to the guidance issued by the Charity Commissioner on public benefit

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
	Para 1.38
Policy on grant making
	Para 1.38
Policy on social investment
including program related
investment

Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The Charity benefitted in 2024 by receipt of a generous legacy of £108,535 which will help the charity to support the restoration and maintenance of the Saxon Minister at Stow. Plans for a relaunch of the Friends of Stow Minster in July 2026 were initiated.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	During 2024 the Trust received a legacy of £108,535, together with interest, membership fee and donations, this resulted in funds available to the Trust of £169,946 and a further £4,138 available to a ‘Friends of Stow Minster’ group
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	At present there is no policy regarding the holding of reserves. This is due to the large costs involved in restoration which require that we have ‘matched funding’ for some major grant application.
Amount of reserves held	Para 1.22	Reserves are not held
Reasons for holding zero reserves	Para 1.22	Please see statement explaining why reserves are not held
Details of fund materially in deficit	Para 1.24	No funds are in deficit.
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	There are no uncertainties about the Trust continuing as a going concern

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution – Adopted 1 August 1988 – Amended 10 October 1988
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Unincorporated Association
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are appointed by post held. The Priest-in-Charge, and two churchwardens for the time being of the Parish of Stow with Sturton are nominated as Trustees

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Stow Church Restoration Trust
Other name the charity uses	No other name is used
Registered charity number	700744
Charity’s principal address	8, Church Lane, Saxilby, Lincoln LN1 2PE

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
Jane Foster-Smith	Priest-in-Charge	Whole year	Parochial Church Council of the Parish of Stow with Sturton
David Justham	Church warden	Whole year	Parochial Church Council of the Parish of Stow with Sturton

– Corporate trustees names of the directors at the date the report was approved Director name There are no Corporate Trustees

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
No Trustee holds title to property belonging to the Trust.

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity No funds are held as custodian trustees Name and objects of the charity on whose behalf the No funds are held as custodian trustees assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and No funds are held as custodian trustees segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

There are no exemptions from disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

David Justham Signature(s) Rev’d Jane Foster-Snith David Justham Full name(s) Rev’d Jane Foster Smith Position (eg Secretary, Priest-in-Charge Churchwarden Chair, etc) Date 28 October 2025

Parochial Church Council of Slow With Sturton Flnancial statemenls For the year ended 31 December 2024 Note The accounts for the Parochial Church Council of the Parish of Stow with Sturton and the Stow St Mary Restoration Trust are independently examined by Darbys Chartered Certified Accountants. The accounts and investments are held in separate banks in the names of the two separate charities- the Parochial Church Council of the Parish of Stow with Sturton is an excepted charity and Stow St Mary Restoration Trust supports the restoration and maintenance of the Saxon Minister. The comments and statements made by the independent examiner applyto both charities and the full report is included forthe sake of completeness. The accounts for Stow St Mary Restoration Trust wilL be found on page 8 darbys chartered certified accountants www.darbys.com

Parochial Church Council of Stow with Sturton Contents page Independent examiner's report Statement ol financial aclivllies Balanco sheet Notes lo tho financial statements Slow St Mary Restoration Trust darbys chartered certified accountants www.darbys.com

Independent examiner's report to the Parochial Church Council of Stow with Sturton We report on the financial slalements of the PCC for the year ended 31 December 2024, which are set out on pages 2 10 8. Respective responsibilities of the PCC and the Independent Examiner As members of the PCC you are responsible lor the preparation of the financial statements; you consider that an audit is not required lor this year under section 144121 ol the Charities Act 2011 Ilhe 2011 Acll and that an independent examination is needed. It is our responsibility to: examine the accounts under section 145 of the 2011 Act., lo follow the procedures laid down in the General Directions givon by the Charily Commissioners seclion 1451Sllb) of tho 2011 Act., and lo stale whether particular matters have come lo my attention. Basls of Independent Examiner's Staternent My examination was carried out in accordance with tho General Directions given by the Charity Commission. An examination includes a review ol the accounting rocords kept by the PCC and a comparison ol the accounts with those records. It also includes considering any unusual iterns or disclosures in the financial statements and seeking explanations from you as Iruslees concerning any such matters. The procedures undertaken do not provide all the evidence that would be rcquirod in an audit, and consequently I do not oxpress an audit opinion on the viow given by the accounts. Independent examiner's statement In connection with my examination, no matter has come lo my allenlion.. {11 which gives mo reasonable cause to bolieve that in any material respect tho roquirements to keep a¢¢ounling records in accordance wilh section 130 of tho 2011 Act. or to prepare financial statements which accord with theses accounting records havo not been mot., or 121 to which, in my opinion, attention should bo drawn in order to enable a proper undcrstanding ol the accounts lo be reached. Tom Darby FCCA Darbys Limited 7 Spring Gardens Gainsborough 22 April 2025 darbys chartered certified accountants Www.darbys.M

Parochial Church Council of Stow with Sturton Slatement of financial activities For the year ended 31st December 2024 Unreslricled Funds Restricted Funds Total Funds Total Funds 2023 Income Donations and legacios Activities for generating lunds Income from investments Church activilies Other income Total income 13376 1257 2630 4298 179 21740 13376 1257 11080 4298 179 30190 16042 1862 9529 3671 2214 33318 2b 2c 2d 2e 8450 8450 Expenditure Church activities Expenditure on raising funds Other resources expended Tolal expendilure 3a 3b 3c 26373 1244 35 27652 7599 33972 1244 35 35251 18853 146 1714 20713 7599 Net Gainsl (losses) on investments Revaluation and gains 7164 7184 11512 Net income I (expenditure) Transfers between lunds -5912 8015 2103 24117 Balances blf 1st January Balances clf 31st December 59689 53777 271357 279372 331046 333149 306929 331046 The notes on pages 4 to 7 form parl ol these accounts darbys chartered rtifIed accountants w.darbys.com

Parochial Chureh Council of Stow With Sturton Balance sheet at 31 December 2024 2024 2023 Assels Investments Debtors Short term deposits Cash at bank Cash in hand 198901 468 129472 3979 477 333297 191737 130 126903 12417 331187 Llabilities Creditors - amounts falling due wlhln one year Accrued expensos 148 141 141 Total net assets 333149 381046 Parlsh funds Unrestriclod funds Restrlcled funds 537TI 279372 383149 59689 271357 S31046 Approved by the Parochlal Church Coun¢il Ort 22 April 2025 and signed on its behail by: David Justham. Churchwarden on behalf of Revd. Jane Foster-smith, Chalr of the Parothial Church Councll The notes on pages 4 to 7 form part of thesè accounts darbys chartered certified aco)untants

Parochial Church Council of Stow with Slurton Notes to the linancial statemenls For the year ended 31 December 2024 1 Accounling policles The PCC is a public benelil entity within the meaning ol FRS102. The financial stalemenls have been prepar Ljnder tho Charities Act 2011 and in accordance with tho Church Accounting Rogulalions 2006 governing the Individual accounts ol PCCS, and with Ihe Regulations true and lair view" provisions, together wilh FRS102 as the applicable accounting standards and tho Stalement ol Recommended Practice, Accounting and Reporting by Charities ISORPIFRS10211. The financial stalernents have been prepared under the historical cost convention except lor the valuation ol invcslmenl assets, which aro shown al lair value. Thc financial statements include all Iransaclions, assels and liabilitios lor which the PCC is responsible in law. They do not include tho accounts ol church groups that owe their main alliliaiion lo another body. nor those that are informal gatherings ol church mernbers. Incoming resources Income and endowments are included in the Stalemenl ol Financial Activities ISOFAI when= 1. The PCC becomes Icgally cnlillod to thc usc ol the resour¢cs', 2. and inflow ol oconomic bcnelil is probablo,. and 3. the monetary value can be measured wilh sullicienl reliability. Grants and donations are includod in tho SOFA when any pre-conditions preventing their uso by the PCC have been Tnel. For planncd giving and collections Ihis is when tho funds are reccivcd. Gill Aid and other lax claims aro Included in the SOFA al tho samc lime as Ihc cash donations lo which Ihoy rolalo. Inv¢slrnont incomo is included in tho accounts when rcceivable. Inveslmcnl gains and losses includcs any gain or loss on the sale ol investments and any gain or loss resulting from revaluing inveslments to markel value al the end ol tho yoar. All incoffling rcsourccs are accountod lor gross. Resour¢es expended Libililios are recognised as soon as ther¢ is a Icgal or conslruclivo obligation and solllomonl is probable and quantifiable. Grants and donations are accounted lor when a commilrnenl has been made externally and there are no pre- conditions sllll lo be mel which remain wilhln the control ol the PCC Assets In so lar as consecrated and benelice properly ol any kind is excluded from Ihe Salulory dèlinilion ol "charity" by s.1012llal and (el ol Ihc Charilios Act 2011 such assols arc not capilalisod in tho financial slalomonis. Moveable church lurnishings are capilalised at CDSI and depricialed over their useful economic life other than where insullicicni Gosl inlormalion is availablo. In this caso tho ilom is not capitalisod. bul all ilcms aro includod in Iho Church's invcnlory in any casc. Tangiblo lixod assets are capitalisod il Ihoy can be uscd lor rnorc than ono yoar, and cost at least £1,000. They are valuod at cost or elsc, for gilis-in-kind al a roasonablo estimate ol Ihoir opcn markcl valuo on roceipt. Depreciation is calculated to write off the capilalised cost ol fixed assets on a siraighl-line basis over 4 years. Invcslmcnls are valucd al market valuc al the ycar tsnd Short Icrm dcposils include cash hold on doposil with CGLA. Funds Flcslriclcd funds ropresont lal incomc from trusts or ondowmonls which may be expended only on Ihoso roslriclod objccls providod in the terms ol the trust or bcquest, and Ibl donations or grants reccivcd lor a specific objccl or invited by the PCC lor a specific object. I he funds may only be expended on th& spocilic Dbject lor which they were givon. Any balance remaining unspent al tho ond ol each year musl bo carriod forward as a balanco on that fund. Tho PCC does not usually invest separately lor oa¢h fund. Whore Ihore is no separate investmont, interest is apporlioned lo individual funds on an average balance ba515. Designated funds are gonoral funds 5Ct aside by Ihe PCC lor uso in ihe future. Designated funds remain unrestricted and ihe PCC will move any surplus to other general funds. UnTeslricled funds represent the remaining income funds ol the PCC which are available lor PCC ordinary purposes. darbys chartered rtIfied accountants www.dart)ys.com

PCC of Stow wlth Siurton For the year ended 31 December 2024 2 Income Unrestricted Funds Restricted Funds Total Funds 2D24 Total Funds 2023 a Donations and legacies Planned Giving Cov?nanls Gill Aid Tax recovorable GASDS Tax recovered Colltsctions Planned Services Baptisms, weddings. funerals elc Siurton Servicc Chest Grants Bishop of Lincoln Social Justico Fund Church ol E.ngland E-nergy Support Wèsl Lindsey District Council Donations 3904.00 1087.50 1333.47 3904.00 1087.50 1333.47 4319.00 1420.38 1309.76 1003.40 1827.00 53.00 1540.83 1003.40 1827.00 53.00 1540.83 2048.03 1479.99 0.00 2141.06 0.00 0.00 170.00 2456.37 13375.5'1 0.00 0.00 170.00 2456.37 1331S.57 1000.00 1072.30 0.00 1251.80 16042.32 0.00 b A¢llvitle$ lor generating fund$ Fundraising Sale tsl lea lowelsl shopping bags 922.24 335.00 1?57.?4 922.24 335.00 1?.57.24 1486.59 375.00 1861.$9 0.00 c Income from investments Dividends CCLA Inlerosl 4350.26 4100.21 8450.47 43SO.26 6730.64 11080.90 5730.65 3798.15 9528.80 2630.43 2630.43 d Income from church actlvllles Feos Ronls Post Off ice light and heal 3119.00 400.00 779.00 4298.00 3119.00 400.00 779.00 4298.00 2874.00 374.50 422.00 3670.50 0.00 e Other Income Recovery ol shared cosls Funds Iranslorrcd from Sl Edilh's Boll Ringcrs Fund R?ceiv8d on beha510l others 143.72 0.00 0.00 35.00 178.72 143.72 0.00 0.00 35.00 178.72 199.60 1714.17 300.00 0.00 2213.77 0.00 Total Income 21739.96 8450.47 30190.43 33316.98 darbys chartered certified accountants www.darbys.com

PC¢ of Stow with Sturton For the year ended 31 Deeember 2024 3 Expenditure Unreslricled Funds Restricted Funds Total Funds 2024 Total Fund5 2023 Church activities Charilablo giving Parish share Incumbents expenses Upkeop ol Sorvices Admini51ralion Organist lees Subscriptions Organ and pianry costs Churchyard upkcep Sl Mary's repairs & maintenance Mission Mission - Slurton Lighl and heal Insurance Conlaclless lees Shared costs 1947.30 4500.00 475.63 103.62 369.19 30.00 30.00 0.00 5480.60 5019.99 50.00 318.00 3175.08 4711.43 9.30 152.13 26372.57 1947.30 4500.00 475.63 103.62 369.19 30.00 30.00 0.00 5480.60 12618.86 50.00 318.00 317S.38 4711.43 9.30 152.13 33971.44 2017.70 4000.JO 287.18 378.02 142.00 30.00 157.00 250.00 2499.38 1044.96 32.00 0.00 3250.24 4272.56 0.00 491.68 18852.72 7598.87 7598.87 b Expendilure on ralslng fund5 Bookstall Purchase ol lea towels Fundraising costs Licensing 0.00 1141.76 0.00 1141.76 102.34 0.00 1244.10 125.28 0.00 0.00 21.00 146.28 0.00 1244.10 0.00 ¢ Other resources expended Funds iransl8rr8d to Si Edilh's Distributions on behalf ol others 0.00 35.00 35.00 0.00 35.00 3S.00 1714.17 0.00 1714.17 0.00 Total expendlture 27651.67 7598.87 35250.54 20713.17 darbys chartered rtifIed accountants www.darbys.com

PCC of Stow with Sturton For the year ended 31 December 2024 4 Investments 2024 2023 Market value 1 January Additions Disposals Revaluation & gains 191737 180225 84887 -84887 11512 7164 Market value 31 Decomber 198901 191737 Investments aro hold in The CBF Ghvrch ol Englalld Investment Fund and the EdonTree Aesponsiblo & Sustainable Global Equity Fund B. The lolal holding at 31 December 2024 was 29,640.231 shares12023 - 29,640.231 shares), which cost £161,93312023- £161,9331. 5 Debtors Post Ollice light and hoal lunreslriclod lundsl 468 468 130 130 6 Llabllltles Amounls falling duo in ono ycar Incumbents expenses lunreslricled lundsl 148 148 141 141 7 Parlsh funds Unrtsslricled Reslricled 53777 279372 333149 59689 271257 331046 8 Analysis of nel assets by fund Unroslricled Funds Rosiricicd FLJnds Total Funds 2024 Invoslrnonts Debtors Short 18rm deposils Cash al bank Cash in hand Liabilities due in one year 198901 198901 468 129472 3979 4-1.1 -148 468 51227 1753 477 -148 78245 2226 53777 279372 333149 darbys chartered certified accountants www.darbys.com

Stow St Mary Restoration Trust Funds adminislered by Stow St Mary Restoration Trust Trustees Statement ot financial activities For the year ended 31 December 2024 Restoration Funds Friends of Stow Total Funds Funds 2024 Total Funds 2023 Income Donations Sale of cards and books Memberships CCLA Interest Legacy Total income 16.5 16.50 0.00 10.00 4597.36 108535.21 113159.07 605.30 63.60 10.00 1833.47 0.00 2512.37 10.00 203.19 4394.17 108535.21 112945.88 213.19 Expenditure For Sl Mary's repairs Total expenditure 0.00 0.00 0.00 0.00 0.00 0.00 Nel Income l (expenditure) 112945.88 213.19 113159.07 2512.37 Net movement in funds Balances blf 1 January Balances clf 31 December 112945.88 57000.84 169946.72 213,19 3925.29 4138.48 113159.07 60926.13 174085.20 2512.37 58413.76 60926.13 Balance sheet at 31 December 2024 2024 2023 Current assets Bank current account CCLA deposit fund Cash in hand 1812.53 168127.69 107.04 4031.44 1919.57 172159.13 6.50 1752.13 59174.00 0.00 169946.72 4138.48 174085.20 60926.13 Liabilities 0.00 0.00 0.00 0.00 Net currenl assets 169946.72 4138.48 174085.20 60926.13 Total nel assets 169946.72 4138.48 174085.20 60926.13 Trust funds Friends of Stow funds Restoration funds 4138.48 4138.48 169946.72 174085.20 3925.29 57000.84 60926.13 169946.72 169946.72 4138.48 darbys chartered rtrfled accountants www.darbys.com