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**January to December 2024**|**Church Number:618**|**Church Number:618**|**Church Name:S Michael in the Hamlet with St Andrew**|**Church Name:S Michael in the Hamlet with St Andrew**|**Deanery:Toxteth & Wavertree**|**Deanery:Toxteth & Wavertree**| |---|---|---|---|---|---|---|---| |||**Looking back across 2024, were there any exceptonal circumstances that may have led to unusual fgures? Please**
**provide brief details with this form.**|||||**Diocese:**
**Liverpool**
| ||**INCOMING RESOURCES**|**UNRESTRICTED**
**RESTRICTED**
**(nearest £)**
**(nearest £)**|||**RESOURCES EXPENDED**
**UNRESTRICTED**
**RESTRICTED**
**(nearest £)**
**(nearest £)**||| |1
2
3
4
6
6a
7
8
A
9
10
11
12
13
B
14
15
16
C
G|**Voluntary Giving**||||**Cost ofgeneratng funds**||| ||Tax efcient planned giving (reglular Gif Aid giving)|£ 23,980|||Fund-raising actvites (costs and payments)||| ||Otherplannedgiving (non Gif Aid)|£ 3,192|||**Church Actvites & Church Expenses**||| ||Collectons at services|£ 8,411|||Missiongivingand donatons||| ||All other giving and voluntary receipts, including Special
Appeals (recurring and one-of)|£ 3,543|£ 3,565||DeaneryShare/Parish Share contributon|£ 46,409|| ||||||Salaries,wages and honararia||| ||Gif Aid recovered|£ 5,599|||Clergyand staf expenses|£ 3,289|£ 3,289| ||Gif Aid Small Donatons Scheme repayment||||Mission and evangelism costs||| ||Legacies received(capital value)||||a. Church runningexpenses(inc. Governance)|£ 4,115|£ 2,003| ||Grants(include recurringand one-of)||£ 750||b. Church buildingmaintenance costs||£ 8,784| ||**SUB-TOTAL Voluntary Giving: **|**£ 44,725**|**£ 4,315**||c. Church buildinginsurance(inc. contents)|£ 4,274|| ||**Actvites for generatng funds**||||Church utlity bills|£ 7,024|| ||Income from fundraising actvites (gross proceeds)||||Cost of trading|£ 7,757|| ||**Income from investments**||||**SUB-TOTAL for Church Actvites & Raising Funds: **|**£ 72,869**|**£ 14,076**| ||Dividends,interest,income frompropertyetc.|£ 1,031|||**Major expenditure**||| ||**Church Actvites**||||Major repairs to the church building||| ||Statutory fees retained by the PCC
(weddings, funerals, etc.)|£ 1,697|||Major repairs to church hall or other PCC property,
including redecoraton||£ 5,310| ||Trading actvites (gross proceeds) e.g. hall letngs,
magazine, bookstall. NOT fundraising.|£ 9,865|£ 5,890||
New building work to the church, church hall, clergy
housing or other PCC property||£ 3,600| ||**Other**||||**SUB-TOTAL for Major expenditure:**|**£ -**|**£ 8,910**| ||Anyother income/receipts not alreadylisted|£ 3,205|£ 6,258||Otherpayments/expenditure not alreadylisted|£ 87|| ||**TOTAL INCOMING RESOURCES(FROM FINANCIAL STATEMENTS)**||||**TOTAL RESOURCES EXPENDED(FROM FINANCIAL STATEMENTS)**||| ||Column Totals(Line Aplus lines 9 to 13)|**£ 60,523**|**£ 16,463**||Column Totals(Lines D and Eplus 99)|**£ 72,956**|**£ 22,986**| ||**PLANNED GIVERS AND LEGACIES**||||**Cash and Investment Balances**
**UNRESTRICTED**
**RESTRICTED**||| ||Number of regular Gif Aidgivers(include PGSgivers)|28|||Cash and deposit balance as at 31st December|£ 6,719|£ 24,076| ||Number of regular non Gif Aidgivers(inc. PGSgivers)|7|||Investments valued as at 31st December||£ 4,665| ||Number of new legacies received during year|0|||Liabilites due within 1year||| ||**Grand Total Receipts/Income**

**Grand Total Payments/Expenditure**||**£ 76,985**||**Are your accounts Receipts&Payments or Accruals (indicate ONE)?**
**Receipts andpayments[ X]**
**Accruals[]**||| ||||**£ 95,942**||||| ||||||||| ||Please refer to the notes available from our diocesan webpage to help clarify what
is included in each secton.
(htps://liverpoolcofe.org/governance-maters/statstcs/return-of-parish-fnance/)||Date||4/4/2025|**Note:**Please complete this return
directly online. Contact
G Fath or Central Services at
St James' House for details.|| ||||Name||Carol Cragg||| ||||Positon||Treasurer||| p p g gtii pi St Ja es ouse o deta s Tel or Email c_cragg@sky.com Money that is given regularly under Gift Aid through a standing order, by envelope scheme, or by cheque. Figures should be net, i.e. receipts planned giving excluding any tax recovered. Also include money given through charity vouchers (gross amount) e.g. CAF or Sovereign Giving and money given 1 through Payroll Giving (gross amount 2 Money given regularly without Gift Aid through standing order, by envelope scheme, or by cheque. Collections at Sunday, midweek, wedding, baptism and funeral services, and Sunday schools. Include one-off gifts given in collections at services through Gift Aid envelopes (net amount), but exclude money given through planned giving envelopes. Do NOT include collections that go directly to a charity and do not 'go through the PCC books' e.g. Christian Aid Week. Other collections for a specific charity 3 are restricted income Proceeds of annual Other Recurring Giving /Donations: Gift Days, money given in church boxes and wall safes, and other 4 ad-hoc donations from individuals which are likely to recur in future years. Non-recurring Giving/Donations: Include one-off donations given outside services. Include the proceeds of all special appeals (which are usually restricted), but also one-off Gift Days for general 5 funds. Include gifts of shares at market value. The amount of tax recovered from HMRC on all money given to the PCC under Gift Aid. This should be split between Gift Aid recovered on restricted and unrestricted donations and allocated to the appropriate fund. If no tax has been recovered, an explanatory note should be provided in the finanical 6 statement. The capital amount of a legacy, together with interest from the probate process process, should be recorded in the year(s) that it appears in the accounts. (Note that the legacy may have been included as an asset in last year's Statement of Assets and Liabilities.) Any interest from legacy investments should 7 be recorded as income from investments External grants received from trusts and other funding bodies for the PCC's general fund or for a restricted purpose. Include VAT recovered through the Listed Places of Worship scheme. This does not 8 include transfers within a benefice. Fundraising: Money raised from sponsored activities, jumble sales, fetes, and other activities where the primary purpose is fund-raising. Income should be stated gross, and any costs must be recorded 9 separately as payments. Dividends, interest and income from property: Bank and other deposit interest including any reclaimed tax on investment income. Include dividends from shareholdings. Include rent received from land or 10 buildings owned by PCC. Statutory Fees retained by PCC: PCC Fees for weddings, funerals etc. Do not include fees due to the 11 clergy and organist etc. as these are not PCC funds. Income received by the PCC from trading activities including bookstall, letting of the church hall, sales and advertising of church magazines. Income received from other church activities which are not fundraising activities eg membership fees for groups, payments for events etc. All trading receipts must 12 be stated as gross figures. The costs must be recorded separately as payments. All other receipts: These are often 'capital' in nature: sale of buildings, investments, insurance claims, transfers from term deposits, loans received, repayment of loans made by the church to others; but 13 will also include contributions from other churches in the benefice to shared costs. A The TOTAL UNRESTRICTED incoming resources as shown on your examined/audited financial statements, excluding a B The TOTAL RESTRICTED incoming resources as shown on your examined/audited financial statements, excluding any C The SUM TOTAL incoming resources as shown on your examined/audited financial statements, excluding any revalua Costs of generating income: Include the costs of fundraising events, which have contributed to the income recorded in Fund-raising income box above. Also include fees paid to a professional fund-raiser, 17 the costs of a Christian Stewardship campaign and the costs of supporting regular giving e.g. envelopes. Mission Giving and Donations: Include donations to external missions and charities that come from the 18 PCC's receipts. Collections that go directly to external charities should not be included. Diocesan parish share/ quota/ family purse: All payments made during the year, whether for current, 19 or previous years Share. Salaries, wages and honoraria: All payments to assistant staff, youth worker, verger, administrator, 20 sexton, organist and choir. Include NI/Pension costs where applicable. Clergy and staff expenses: Working expenses of the incumbent: e.g. telephone, postage, stationery, travel costs (car and/or public transport), secretarial assistance, office equipment, maintenance of robes, hospitality.Assistant staff: Include costs, as for the incumbent, that are associated with expenses incurred by assistant clergy, pastoral staff and youth workers. Housing: all costs relating to clergy/staff housing paid by the PCC. (including where applicable repair costs, water rates, council tax, and 21 redecoration). 22 Mission and Evangelism: cost of outreach, courses, excluding staff salaries Church expenses: Routine repairs and maintenance. Insurance. Miscellaneous: cleaning materials etc church /office phone. Churchyards all costs involved in their maintenance. Upkeep of services: organ 23 tuning, worship materials, choir robes etc. 24 Church utility bills: total costs of electricity, gas, oil, water etc. Costs of trading - include the costs associated with the receipts for bookstall, hall lettings, magazine 25 income etc. Costs relating to the governance of the PCC, including any fees for audit or Independent Examination, training of PCC members in their role of Trustees, the production of the annual report, hire charges for 26 any PCC meetings etc. 27 Major church repairs: include repairs that are not routine and internal and external decoration. Major repairs to other PCC property: incl repairs that are not routine and internal and external 28 decoration. New building work: new buildings, major alterations and extensions to church or other PCC property 29 and including all associated professional fees and expenses All other payments not included above, but mainly of a "capital" nature: purchase of fixed assets for church purpose, purchase of investments, transfer to term deposits, loans made and repayment of 99 loans etc. D The TOTAL UNRESTRICTED resources expended, as shown on your financial statements. E The TOTAL RESTRICTED resources expended, as shown on your financial statements. F The SUM TOTAL resources expended, as shown on your financial statements. any revaluation of assets. revaluation of assets. tion of assets. Parish Details ## **ST MICHAEL IN THE HAMLET WITH ST ANDREW** ## **2024** **Name of signature 1 on accounts: Name of signature 2 on accounts Name of Independent Examiner Professional Qualifications of Independent Examiner (if any) Address of Independent Examiner** **The Revd Keith Hitchman Mrs Carol Cragg Ms Denise Roberts** **21 Kings Close** **Liverpool L17 9QS** **Date of Accounts approval by PCC Date of Independent Examiner's Report** Page 1 ## **PAROCHIAL CHURCH COUNCIL OF St Michael-in-the-Hamlet with St Andrew NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024** ## **1 Accounting policies** The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the SORP 2005. The financial statements have been prepared under the historical cost convention except for the valuation of assets which are shown at market value. 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, nor those that are informal gatherings of church members. ## **Funds** Endowment funds are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established. Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forwards as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. Unrestricted funds are general funds which can be used for PCC ordinary purposes. ## **Incoming resources** Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. ## **Resources expended** Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross. ## **Fixed assets** Consecrated and benefice property is not included in the accounts in accordance with s.96(2)(a) of the Charities Act 1993. Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets arte not valued in the financial statements. Subsequently no individual item has cost more than £1000 so all such expenditure has been written off when incurred. Investments are valued at market value at 31 December 2024 Page 1 ## **PAROCHIAL CHURCH COUNCIL OF ST MICHAEL IN THE HAMLET WITH ST ANDREW FINANCIAL STATEMENT For the year ended 31 December 2024 General (Unrestricted) Fund Receipts & Payments Account** |**Receipts**
**Income and endownments**
**Donations and legacies**
Tax efficient planned giving
Income tax recovered
Other Planned Giving (non gift aid)
Collections and other giving
Donations
**Other trading activities**
Hall Lettings
Summer Fete
Church Events
**Charitable activities**
PCC Fees
**Receipts from investments**
Bank & CBF interest
**Other receipts**
Reimbursements
**Total Receipts**
**Expenditure**
**fund raising activities**
**Charitable activities**
Diocesan parish share
Clergy expenses
**Mission & Evangelism Costs**
Training Course
**Church running expenses**
Utilities
Insurance
Housing Costs
Cost of services
Admin
Repairs
**Cost of Trading**
Hall Running Costs
**Other**
PCC Fees Refund
Hall Hire Refunds
**Total Payments**
**Excess of Receipts over payments**
**Total transfers**
Bank current and deposit accounts at 1 January 2024
Bank current and deposit accounts at 31 December 2024|**2024**
**£**
**£**
23,980
5,599
3,192
8,411
**41,182**
3,543
**3,543**
7,160
2,705
**9,865**
1,697
**1,697**
**1,031**
**1,031**
3,205
**3,205**
**60,523**
46,409
1,460
450
2,905
7,024
4,274
1,830
745
15
7,757
87
**72,956**
**(12,433)**
0
19,152
**6,719**|**2023**
**£**
**£**
24,603
8,341
5,100
6,653
**44,697**
3,088
**3,088**
7,071
1,995
**9,066**
2,680
**2,680**
**622**
**622**
3,819
**3,819**
**63,973**
46,409
2,155
484
3,735
1,570
3,651
1,661
1,244
60
6,486
460
**67,915**
**(3,942)**
0
23,094
**19,152**|**2023**
**£**
**£**
24,603
8,341
5,100
6,653
**44,697**
3,088
**3,088**
7,071
1,995
**9,066**
2,680
**2,680**
**622**
**622**
3,819
**3,819**
**63,973**
46,409
2,155
484
3,735
1,570
3,651
1,661
1,244
60
6,486
460
**67,915**
**(3,942)**
0
23,094
**19,152**| |---|---|---|---| ||||**3,088**| ||||**9,066**| ||||**2,680**| ||||**622**| ||||**3,819**| ||||| ||||**63,973**| ||||| ||||**67,915**| ||||| ||||**(3,942)**| ||||| ||||0| ||||23,094| ||||**19,152**| Page 2 **2024** **2023** **£ £** **£** ## **PAROCHIAL CHURCH COUNCIL OF ST MICHAEL IN THE HAMLET WITH ST ANDREW FINANCIAL STATEMENT For the year ended 31 December 2024** **£** ## **Church Restoration & Fabric (including Tower) Receipts and Payments Account - Restricted Fund** The Church restoration & fabric fund is restricted to expenditure for the restoration & maintenance of the church buildings. ## **Receipts** |Release of funds from sale of Langham Hall
Restoration Fund
Donation from Friends of SMH towards Drain repairs
Donation from Friends of SMH towards clock repairs
**Payments**
Repairs to church hall roof &gutters
Church Clock repairs
Church Drains repairs
Professional Fees-Building Development
Ladders
Website
Cherry picker
Architects Fees -Feasibility Study
Knotweed treatment -churchyard
**Excess of Receipts over Payments**
Bank current and deposit accounts at 1 January 2024
Bank current and deposit accounts at 31 December 2024|6,258
270
5,620
5,310
6,744
2,040
270
245
750
3,600
738|12,148
19,697
-7,549
21,644
14,095|11,000
1,902
1,608
636
455|12,902| |---|---|---|---|---| |||||2,699| |||||10,204
11,440| |||||21,644| ## **Mission - Restricted Fund** The mission fund is restricted to expenditure on Youth work & Childrens Church. |**Receipts**
Deanery Grant - Childrens worker
**Payments**
Childrens Church
**Excess of Receipts over Payments**
Bank current and deposit accounts at 1 January 2024
Bank current and deposit accounts at 31 December 2024||0
54
**0**
0
6,496
6,496|4,500
0| |---|---|---|---| ||||54| ||||-54
6,550| ||||6,496| ## **Screen,Projector,PA system Fund Receipts and Payments Account - Restricted Fund** The fund is restricted to expenditure for the purchase & installation of a screen, projector & sound equipment. ## **Receipts** |Deanery Grant
**Payments**
Purchase & installation of equipment
**Excess of Receipts over Payments**
Bank current and deposit accounts at 1 January 2024
Bank current and deposit accounts at 31 December 2024
**Clergy Fund - Restricted Fund**
The fund is restricted to clergy expenses and housing costs
**Receipts**
Donations for the upkeep of clergy
**Payments**
SMH Clergy housing costs
SMH Clergy Expenses
**Excess of Receipts over Payments**
**Transfers**
Transfer from General Fund
Bank current and deposit accounts at 1 January
Bank current and deposit accounts at 31 December
**Heating Fund - Restricted Fund**
The fund is restricted to church heating & energy costs
**Receipts**
Deanery Grant towards heating costs
**Payments**
Part payment of 2022 church heating costs
Part payment of 2023 church heating costs
**Excess of Receipts over Payments**
**Transfers**
Bank current and deposit accounts at 1 January
Bank current and deposit accounts at 31 December|750
3,565
1,830
1,460|**750**
**0**
750
76
826
**3,565**
3,290
275
2,384
2,659
**0**
**0**
0
0
**0**|3,930
1,661
2,155
2,500
2,500|0| |---|---|---|---|---| |||||0| |||||0
76| |||||76| |||||3,930| |||||3,816| |||||114
2,270| |||||2,384| |||||2,500| |||||2,500| |||||0| |||||0| |**PAROCHIAL CHURCH COUNCIL OF**
**ST MICHAEL IN THE HAMLET WITH ST ANDREW**
**STATEMENT OF ASSETS AND LIABILITIES**
**at 31 December 2024**
**2024**
**£**
**Cash Funds**
Bank current & deposit accounts
30,795
Total bank current and deposit accounts
30,795
(£ unrestricted, £ restricted Restoration & Fabric Fund, £ Mission Fund £ Screen & Projector Fund )
**Other Monetary Assets**
**CBF Deposit Funds**
Irvine Memorial Fund
31
Cox Memorial Fund
58
Sale of Langham Hall
89
**Investment Assets**
197.91 CBF Church of England Investment Fund - Income Shares (market value)
4,576
4,576
**Assets retained for the use of the Church (unrestricted funds)**
0
**Liabilities**
0
**Other Tangible Assets**
**TOTAL ASSETS**
**35,461**
**NOTES:**|Page 3
**2023**
**£**
49,752| |---|---| ||49,752| ||31
58
6,258| ||6,347| ||4,474| ||4,474| ||| ||0| ||| ||0| ||| ||**60,573**| ||| 1. The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis. 2. The following assets are recognised but not necessarily valued in the Statement of Assets and Liabilities: Moveable church furnishings held by the church-wardens on special trust for the PCC and which require a faculty for their disposal. 3. The expenses paid to clergy may include a small, immaterial proportion which relates to their function as PCC members. No other payments were made to PCC members. ## **Approved by the PCC on and signed on their behalf** **The Revd Keith Hitchman Mrs Carol Cragg PCC Chairman PCC Treasurer** ## **Independent Examiner’s Report (SORP 2015)** Report to the Parochial Church Council (PCC) of: St Michael in the Hamlet with St Andrew on the accounts for the year ended 31st December 2024, as set out on pages _____ to ____ of your Annual Report. ## **Respective responsibilities of Trustees and Examiner** The PCC are responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and - to state whether particular matters have come to my attention. ## **Basis of independent Examiner’s statement** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the PCC concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent Examiner’s statement** In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Charities Act or the accounts do not accord with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed Date: Ms D Roberts 6th March 2025 IE’s Name and address Ms Denise Roberts 21 Kings Close Liverpool L17 9QS