INDEPENDENT EXAMINER’S REPORT
to the trustees of St. Luke’s PCC Great Crosby (PCC)
I report to the charity trustees on my examination of the accounts of PCC for the year ended 31[st] December 2024 which are set out on pages 2 to 12.
Responsibilities and basis of report
As the charity trustees of PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). You are satisfied that the accounts of the charity are not required by charity law to be audited and have chosen instead to have an independent examination.
I report in respect of my examination of the accounts. I have carried out my examination under section 145 of the 2011 Act. In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the consolidated accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records, with respect to the Charity, were not kept as required by section 130 of the 2011 Act or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Ian Wright FCA Community Accountant Sefton Council for Voluntary Service 3[rd] Floor, Suite 3b, Burlington House, Crosby Road North, Waterloo, Liverpool. L22 0LG
1
St. Luke’s PCC, Great Crosby
For the Year Ended 31[st] December 2024
STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | Restricted | Totals | Totals | |||
|---|---|---|---|---|---|---|
| Income and expenditure | Notes | Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | ||||
| £ | ||||||
| Income and endowments from: | ||||||
| Donations and legacies | 2 | 134,273 | 3,683 | 137,956 | 159,336 | |
| Income from charitable activities | 2 | 4,510 | - | 4,510 | 5,096 | |
| Other trading activities | 2 | 3,566 | 3,345 | 6,911 | 8,516 | |
| Investments | ||||||
| 2 | 39,695 | - | 39,695 | 47,800 | ||
| Other income | 2 | 3,385 | 15 | 3,400 | 3,768 | |
| ------------- | ------------- | ------------ | ------------ | |||
| Total income | £185,429 | £7,043 | £192,472 | £224,516 | ||
| ------------- | ------------- | ------------ | ------------ | |||
| Expenditure on: | ||||||
| Costs of generating voluntary income | 3 | - | 1,398 | 1,398 | 947 | |
| Church Activities | 4 | 196,867 | 7,344 | 204,211 | 216,268 | |
| ------------ | ------------ | ------------ | ------------ | |||
| Total expenditure | £196,867 | £8,742 | £205,609 | £217,215 | ||
| ------------ | ------------ | ------------ | ------------ | |||
| Net income/(expenditure) before transfers | (11,438) | (1,699) | (13,137) | 7,301 | ||
| Transfer between funds | 157 | (157) | - | - | ||
| Net unrealised/realised gains/(losses) on | 8 | 296 | - | 296 | 1,111 | |
| investments | ||||||
| ----------- | ----------- | ----------- | ----------- | |||
| Net movement in funds | (10,985) | (1,856) | (12,841) | 8,412 | ||
| Fund balances b/fwd | 499,299 | 17,687 | 516,986 | 508,574 | ||
| ----------- | ----------- | ----------- | ----------- | |||
| Fund balances c/fwd | 12, | 13 & | £488,314 | £15,831 | £504,145 | £516,986 |
| 14 | ||||||
| ======= | ======= | ======= | ======= |
The notes on pages 4 to 12 form part of these accounts.
2
St. Luke’s PCC, Great Crosby Balance Sheet For the Year Ended 31[st] December 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| £ | £ | £ | **£ ** | ||
| Fixed assets | |||||
| Tangible fixed assets | 7 | 420,046 | 430,558 | ||
| Investments | 8 | 13,213 | 12,917 | ||
| Current assets | |||||
| Debtors | 9 | - | - | ||
| Cash at bank and in hand | 71,469 | 73,516 | |||
| ------------ | ------------ | ||||
| 71,469 | 73,516 | ||||
| Creditors: amounts falling due | (583) | (5) | |||
| within one year | 10 | ||||
| ------------ | ------------ | ||||
| Net current assets / (liabilities) | 70,886 | 73,511 | |||
| Creditors:amounts falling due after one year |
11 | - | - | ||
| -------------- | ------------- | ||||
| Total assets less current liabilities |
£504,145 | £516,986 | |||
| ======== | ======= | ||||
| Church Funds: | £ | £ | |||
| Unrestricted funds | 12 | 488,314 | 499,299 | ||
| Restricted funds | 13 | 15,831 | 17,687 | ||
| -------------- | ------------- | ||||
| - | |||||
| TOTAL FUNDS | £504,145 | £516,986 | |||
| ======== | ======= |
These financial statements were approved by the Parochial Church Council and signed on their behalf by:-
Rev Amanda Bruce Mr John Turner Chair of PCC Churchwarden
Mrs Debbie Burke Churchwarden
3
St. Luke’s PCC, Great Crosby
Notes to the Accounts
For the Year Ended 31[st] December 2024
1. Accounting Policies
1a. Basis of Accounting
The accounts have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value, and in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities Statement of Recommended Practice “Accounting and Reporting by Charities” (SORP 2005).
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of church members.
1b.Fund Accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the charity for particular purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund.
1c.Income
All incoming resources are included in the Statement of Financial Activities when the charity becomes legally entitles to the income and the amount can be quantified with reasonable accuracy.
Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.
Income from donations and grants, including capital grants are included in incoming resources when these are receivable, except as follows:
-
when donors specify that donations and grants given to the charity must be used in future accounting periods, the income is deferred until those periods.
-
when donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the preconditions for use have been met.
4
St. Luke’s PCC, Great Crosby
Notes to the Accounts
For the Year Ended 31[st] December 2024
1. ACCOUNTING POLICIES (CONT..)
1c.Income (cont..)
When donors specify that donations and grants, including capital grants, are for particular restricted purposes, which do not amount to preconditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.
Rent receivable is taken to income when receivable.
Investment income and gains are allocated to the fund generating the income or gain.
1d.Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Costs of generating funds are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.
Governance costs are those costs incurred in connection with the compliance with constitutional and statutory requirements.
1e.Transfers between Funds
Transfers between funds are agreed transfers to cover restricted fund deficits, or where other transfers have been agreed by the trustees or with donors.
1f.Tangible Fixed Assets
Fixed assets are shown at historical cost less depreciation. Consecrated and beneficed property of any kind is excluded from the accounts by section 96(2)(a) of the Charities Act 1993. Moveable church furnishing held by the Rector and Churchwardens on special trust for the Parochial Church Council, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church’s inventory which can be inspected at any reasonable time. For freehold property acquired there was insufficient cost information available and therefore such assets were valued at insurance valuation in the accounts. Items costing more than £150 are capitalized and depreciated in the accounts over their currently anticipated useful economic lives.
All expenditure incurred in the year in consecrated or beneficed buildings is written off in the year to which it relates.
Depreciation is provided at the following annual rates in order to write off each asset over its anticipated useful economic life. A full year’s depreciation charge is charged in the year of acquisition and no depreciation is charged in the year of disposal.
Freehold Property – 2% per annum on straight line basis Equipment – 20% per annum on reducing balance basis
5
St. Luke’s PCC, Great Crosby
Notes to the Accounts
For the Year Ended 31[st] December 2024
9. ACCOUNTING POLICIES (CONT..)
1g.Cash Flow Statements
The Charity has taken advantage of the available exemption in Financial Reporting Standard No.1 from producing a cash flow statement on the grounds that it is a small entity.
1h.Operating Leases
Rentals under operating leases are charged to the Statement of Financial Activities in the period to which they relate.
1i.Taxation
The Charity has charitable status and is thus exempt from taxation of its income and gains falling within Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitable objectives.
1j.Investments
Investments are stated at market value.
2. Income and endowments
Donations and legacies
| Unrestricted Funds |
Restricted Funds |
2024 | 2023 | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Planned Giving | 81,909 | - | 81,909 | 84,402 |
| Gift Aid Recovered | 21,904 | 90 | 21,994 | 24,001 |
| Other Planned Giving | 6,873 | - | 6,873 | 7,087 |
| Collection Plate | 1,100 | - | 1,100 | 1,271 |
| Donations | 11,039 | 3,593 | 14,632 | 26,099 |
| Legacies | 5,000 | - | 5,000 | 10,618 |
| Grants | 6,448 | - | 6,448 | 5,858 |
| ----------- | ----------- | ----------- | ----------- | |
| £134,273 | £3,683 | £137,956 | £159,336 | |
| ======= | ======= | ======= | ======= |
6
St. Luke’s PCC, Great Crosby
Notes to the Accounts
For the Year Ended 31[st] December 2024
2. Income & endowments (Cont…)
Income from Charitable Activities
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Parochial Fees | 4,510 | - | 4,510 | 4,536 |
| Room Hire | - | - | - | - |
| Bookstall | - | - | - | 560 |
| ----------- | ----------- | ----------- | ----------- | |
| £4,510 | £- | £4,510 | £5,096 | |
| ======= | ======= | ======= | ======= | |
| Other trading activities | ||||
| Unrestricted | Restricted | |||
| Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Fundraising Sales | 3,502 | 3,135 | 6,637 | 8,188 |
| Membership Subscriptions | - | 210 | 210 | 248 |
| Photocopying & Printing | 64 | - | 64 | 80 |
| ----------- | ----------- | ----------- | ----------- | |
| £3,566 | £3,345 | £6,911 | £8,516 | |
| ======= | ======= | ======= | ======= | |
| Investments:- | ||||
| Unrestricted | Restricted | |||
| Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Rent Receivable | 39,319 | - | 39,319 | 47,390 |
| Dividends | - | - | - | 4 |
| Interest Receivable | 376 | - | 376 | 406 |
| ----------- | ----------- | ----------- | ----------- | |
| £39,695 | £- | £39,695 | £47,800 | |
| ======= | ======= | ======= | ======= |
7
St. Luke’s PCC, Great Crosby Notes to the Accounts
For the Year Ended 31[st] December 2024
2. Income & endowments (Cont…)
Other income
| Other income | ||||
|---|---|---|---|---|
| Unrestricted Funds £ |
Restricted Funds £ |
2024 £ |
2023 £ |
|
| Sundry Receipt | 385 | 15 |
400 |
2 |
| Diocesan grant | 3.000 | - |
3,000 |
3,766 |
| ----------- | ----------- |
----------- |
----------- | |
| £3,385 | £15 |
£3,400 |
£3,768 | |
| ======= | ======= |
======= |
======= | |
| 3. Costs of generating voluntary | income | |||
| Unrestricted | Restricted | |||
| Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Other Fundraising Events | - | 1,398 | 1,398 | 947 |
| ----------- | ----------- | ----------- | ----------- | |
| £- | £1,398 | £1,398 | £947 | |
| ======= | ======= | ======= | ======= | |
| 4. Church Activities | ||||
| Unrestricted | Restricted | |||
| Funds | Funds | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Grants Payable | 4,801 | 4,670 | 9,471 | 9,688 |
| Ministry : diocesan parish share | 76,853 | - | 76,853 | 81,079 |
| other ministry costs | 4,740 | - | 4,740 | 4,183 |
| Church running expenses | 18,965 | 291 | 19,256 | 21,321 |
| Church maintenance | 9,756 | - | 9,756 | 8.906 |
| Upkeep of Churchyard | 1,500 | - | 1,500 | 5,824 |
| Hall Expenses | 19,194 | - | 19,194 | 18,249 |
| Parish Centre Expenses | 214 | - | 214 | - |
| Major repairs | 17,077 | - | 17,077 | 17,440 |
| Mission & Outreach | 443 | 762 | 1,205 | 4,052 |
| Social & Fellowship | 867 | 1,288 | 2,155 | 3,146 |
| Parish Administration | 31,104 | 333 | 31,437 | 30,226 |
| Youth & Children’s Work | 519 | - | 519 | 1,298 |
| Bookstall | - | - | - | 108 |
| Sundries | 322 | - | 322 | 146 |
| Depreciation | 10,512 | - | 10,512 | 10,602 |
| -------------- | -------------- | -------------- | -------------- | |
| £196,867 | £7,344 | £204,211 | £216,268 |
======== ======== ======== ========
8
St. Luke’s PCC, Great Crosby
Notes to the Accounts
For the Year Ended 31[st] December 2024
5. Employees and Staff Costs
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Staff Costs | ||
| Wages and Salaries | 51,076 | 47,050 |
| Social Security Costs | - | - |
| Pension Costs | - | - |
| ------------ | ------------ | |
| £51,076 | £47,050 | |
| ======= | ======= | |
| The average number of employees during the year was:- | 4 | 4 |
There were no employees with emoluments above the rate of £60,000 per annum.
6. Taxation
There is no Corporation Tax payable in respect of the result for the Year.
9
St. Luke’s PCC, Great Crosby Notes to the Accounts For the Year Ended 31[st] December 2024
7. Tangible Fixed Assets
| Freehold Property Equipment Cost £ £ As at 1stJanuary 2024 507,588 8,204 -------------- ---------- As at 31stDecember 2024 £507,588 £8,204 ------------- ---------- Depreciation As at 1stJanuary 2024 78,832 6,402 Charge for the year 10,152 360 ------------- ---------- As at 31stDecember 2024 £88,984 ------------- £6,762 ---------- Net Book Value at 31stDecember 2023 £428,756 £1,802 ======== ====== Net Book Value at 31st December 2024 £418,604 £1,442 ======== ====== 8. Investments Quoted Investments: Market value at 31stDecember 2023 Net unrealised/realised gains on investment assets Market value at 31st December 2024 No. of shares 2024 Market Value No. of shares CBF Investment Fund 571.41 13,213 571.41 ---------- £13,213 ====== |
Total £ 515,792 -------------- £515,792 ------------- 85,234 10,512 ------------ £95,746 ------------ £430,558 £420,046 ======== £ 12,275 938 ------------- £13,213 ======== 2023 Market Value 12,275 ---------- £11,806 ====== |
|---|---|
The historical cost of the above investments at 31[st] December 2024 was £913 (2023: £913)
10
St. Luke’s PCC, Great Crosby Notes to the Accounts
For the Year Ended 31[st] December 2024
9. Debtors
| 9. Debtors | |||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | ||||||
| £ | £ | ||||||
| Income Tax Recoverable | - | - | |||||
| Other Debtors | - | - | |||||
| ----------- | ----------- | ||||||
| £- | £- | ||||||
| ======= | ======= |
||||||
| 10. Creditors:amounts due within | 1 year | ||||||
| 2024 | 2023 | ||||||
| £ | £ | ||||||
| Loans | - | - | |||||
| Other Creditors | 583 | 5 | |||||
| ------------- | ------------- |
||||||
| £583 | £5 | ||||||
| ======== | ======== |
||||||
| 11. Creditors:amounts due in more than 1 year | |||||||
| 2024 | 2023 | ||||||
| £ | £ | ||||||
| Loan Due in Year 2 | - | - | |||||
| ------------- | ------------- |
||||||
| - | - | ||||||
| ======== | ======== |
||||||
| 12. Unrestricted Funds | |||||||
| Balance | Balance | ||||||
| as at 31st | Transfers | as at 31st | |||||
| December | between | Gains & | December | ||||
| 2023 | Income |
Expenditure | Funds | Losses | 2024 | ||
| £ | £ | £ | £ | £ | £ | ||
| General Fund | 20,625 | 178,455 | (191,403) | 16,717 | 296 | 24,690 |
|
| Designated | |||||||
| Funds | |||||||
| Fixed Assets | 430,558 | - | - | (10,512) | - | 420,046 |
|
| Other funds | 48,116 | 6,974 | (5,464) | (6,048) | - | 43,578 |
|
| ------------- | ------------- | ------------- | ------------- | ------------- |
------------- |
||
| Total Funds | £499,299 | £185,429 | £(196,867) | £157 | £296 | £488,314 |
|
| ======== | ======== | ======== | ======== | ======== |
======== |
11
St. Luke’s PCC, Great Crosby Notes to the Accounts For the Year Ended 31[st] December 2024
13. Restricted Funds
| Balance | Balance | Balance | Balance | |||||
|---|---|---|---|---|---|---|---|---|
| as at | 31st | Transfers | as at | 31st | ||||
| December | between | Gains & | December | |||||
| 2023 | Income | Expenditure | Funds | Losses | 2024 | |||
| £ | £ | £ | £ | £ | £ | |||
| Christian Aid | - | 185 | (187) | 2 | - | - | ||
| MANSHED | 74 | - | - | (74) | - | - | ||
| Toybox | - | 544 | (544) | - | - | - | ||
| Malawi | 360 | - | (360) | - | - | - | ||
| Sam PRS | - | 450 | - | - | - | 450 | ||
| Ukraine | 8 | - | - | (8) | - | |||
| Childsoc | 109 | 917 | (930) | - | - | 96 | ||
| CMSLA | 1,015 | 388 | (1,014) | - | - | 389 | ||
| Bell-Ringers | 2,473 | - | - | - | - | 2,473 | ||
| Breathing Places | 3,560 | (473) | - | - | 3,087 | |||
| Golf Society | 350 | - | - | - | - | 350 | ||
| St. Luke’s Players |
750 | - | - | - | - | 750 | ||
| Pram Club | 544 | - | - | (120) | - | 424 | ||
| The Way Youth Club |
802 | 1,537 | (1,398) | - | - | 941 | ||
| Mission & Giving | 735 | 989 | (1,000) | (20) | - | 704 | ||
| Café Church | 15 | - | - | (15) | - | - | ||
| (StoryHouse) | ||||||||
| Tearfund | 10 | - | - | (10) | - | - | ||
| Keystone | 6,437 | 1,933 | (2,203) | - | - | 6,167 | ||
| Sierra Leone | 217 | - | (217) | - | - | - | ||
| Arocha | 158 | - | (316) | 158 | - | - | ||
| Mission | - | 100 | (100) | - | - | - | ||
| Agency | 70 | - | - | (70) | - | - | ||
| collections | ||||||||
| ------------- | ------------- | ------------- | ------------- | ------------- | ------------- | |||
| Total Funds | £17,687 | £7,043 | £(8,742) | £(157) | £- | £15,831 |
||
| ======== | ======== | ======== | ======== | ======= | ======== |
12
14. Analysis of Net Assets between funds
| Tangible | Net Current | Net Assets | |||
|---|---|---|---|---|---|
| Fixed | Assets / | Long Term | £ | ||
| Assets | Investments | (Liabilities) | Liabilities | ||
| £ | £ | £ | £ | ||
| Unrestricted | 420,046 | 13,213 | 55,055 | - | 488,314 |
| Restricted | - | - | 15,831 | - | 15,831 |
| ---------- | -------------- | ----------- | --------------- | -------------- | |
| £420,046 | £13,213 | £70,886 | - | £504,145 | |
| ====== | ======== | ====== | ======== | ======== |
13