## **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**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**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
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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
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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
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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
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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.
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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.
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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
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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
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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
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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
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