## **St Nicholas Church** 

## **Profit and Loss account - Year ended 31 December 2024** 

||**2,024**|**2,023**|
|---|---|---|
|**Income:**|||
|Voluntary Giving|155,919.99|163,022.25|
|Special fund raising|806.00|14,528.26|
|Investment income|24,159.83|31,054.93|
|Grant received|30,986.37|0.00|
|General parish income|1,525.72|4,378.40|
|Income from rental property|14,605.00|5,760.00|
|Bank interest|131.25|216.33|
||**228,134.16**|**218,960.17**|
|**Less expense:**|||
|Repairs and upkeep|39,775.83|32,417.76|
|Staff costs|79,368.75|114,556.25|
|Diocesan levey|28,533.96|36,434.94|
|General parochial overheads|16,141.83|22,916.53|
|Finance and professional costs|1,440.42|912.00|
|Special project costs|645.93|319.66|
|Donations to charities and missions|14,547.34|12,186.10|
|Depreciation|8,565.73|8,565.73|
|Bank charges|0.00|1,626.17|
||**189,019.79**|**229,935.14**|
|**Net Profit/(Loss)**|**39,114.38**|**(10,974.97)**|





|**Balance Sheet at 31 December 2024**|||
|---|---|---|
|**Fixed assets**|||
|Buildings|1,671,162.00|1,645,861.00|
|Additions Durning the year: church tower|43,818.00|25,301.00|
|Cost at year end|**1,714,980.00**|**1,671,162.00**|
|**Fixtures and fittings**|||
|Cost B/fwd.|85,657.25|85,657.25|
|Additions Durning the year|1,980.00||
|Cost at year end|**87,637.25**|**85,657.25**|
|Accumulated depreciation b/fwd.|46,305.24|37,739.52|
|Add depreciation charge for the year|8,565.73|8,565.73|
|Accumulated depreciation at year end|**54,870.97**|**46,305.24**|
|Net cost at year end|32,766.29|39,352.01|
|Investments|567,509.00|567,509.00|
|**Cash in hand and at Bank**|||
|Current accounts and deposit account|56,046.78|53,144.68|
|Allocation account|722.04|1,142.04|
|Legg account|6,905.62|7,505.62|
||**63,674.44**|**61,792.34**|
|**Total Assets**|**2,378,929.73**|**2,339,815.35**|
|**Represented by fund of the Charity**|||
|Restricted reserves balance b/fwd.|42,991.00|42,991.00|
|Unrestricted funds balance b/fwd.|2,296,824.35|2,307,799.32|
|Profit /(loss) in year|39,114.38|-10,974.97|
|Total unrestricted reserves|**2,335,938.73**|**2,296,824.35**|
|**Total reserves**|**2,378,929.73**|**2,339,815.35**|