St James Church Chorley
End of Year Financial Statements
Year ending 2025
Page 1
Financial Review for 2025
Prior year, (2024) values are in brackets. Total receipts on funds were £115,160 (£84,371) of which £93,785 (£69,145) was from planned voluntary donations and a further £21,375 (£15,227) from Gift Aid.
We received grant funding of £1200 from Lancashire County Council for Youth activities. Planned giving increased by approximately £5000 throughout the year.
The contribution to the diocesan parish share for 2025 was £50,648 an increase from 2024 of £2708. The parish share is calculated using a formula based on the head count of each church’s congregation, the location of the church, and deduction of wedding and funeral fees from the previous year. The parish share largely provides the stipends and housing for clergy. Unrestricted funds yearend total finished at £43,027 (£32,817).
Notable spending this year included £13,521.60 on church lighting and £9,979 on AV equipment. We finished the year with a net income of £12,907.
The PCC gives grateful thanks to God for a continuing healthy financial situation.
2. Reserves Policy
It is PCC policy to try to maintain a balance on unrestricted reserves, which equates to at least three months’ unrestricted payments, excluding payments to the diocese for the Parish Share. The current amount of reserve is £9,000; however, PCC will review this figure on a monthly basis, due to the steep rises in utility and other commodity prices to ensure financial prudency. The amount is held to smooth out fluctuations in cash flow and to meet any emergencies. The balance of unrestricted reserves at the end of the year was £43,027 (£32,817) which is considerably higher than this target.
Approved by the Parochial Church Council and signed on their behalf by
Rev. Dan Freeman Chairman and Incumbent 23[rd] March 2026
Page 2
Introduction
Statement of Financial Activities
| Unrestricted Restricted Endowment Total Prior year funds funds funds funds total funds |
|
|---|---|
| Income and endowments from: Donations and legacies Income from charitable activities Other trading activities Investments Other income Total income Expenditure on: Costs of generating funds Costs of generating voluntary income Expenditure on charitable activities Other expenditure Total expenditure Gains / losses on investment assets Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains on revaluation, fixed assets, charity's own use Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Designated Chair Appeal Fund Fabric Fund Families Minister Quinquenial Fund Youth/Children's Ministry Fund Restricted Chair Appeal Fund Fabric Fund Families Minister Flower Fund Garden of Remembrance Fund Ladies Link Monies for Audio and Video Equipment Monies for school bibles Youth/Children's Ministry Fund Endowment Fabric Fund |
95,705 19,455 — 115,160 84,371 3,199 2,346 — 5,546 4,946 375 — — 375 2,287 344 — — 344 569 2,353 1,300 — 3,653 3,639 |
| 101,978 23,101 — 125,079 95,814 — — — — 51 86,653 14,408 — 101,062 109,189 732 10,377 — 11,110 1,722 |
|
| 87,385 24,786 — 112,172 110,963 — — — — — |
|
| 14,592 (1,685) — 12,907 (15,148) — 4,382 — 4,382 376 (4,382) — — (4,382) (376) — — — — — |
|
| 10,209 2,697 — 12,907 (15,148) |
|
| 34,064 34,676 — 68,740 83,889 |
|
| 44,273 37,374 — 81,648 68,740 43,027 — — 43,027 32,817 — — — — — 200 — — 200 200 1,046 — — 1,046 1,046 — — — — — — — — — 0 — 6,275 — 6,275 7,114 — 7,180 — 7,180 7,679 — 8,211 — 8,211 8,211 — (342) — (342) (85) — — — — — — — — — — — 4,143 — 4,143 — — 210 — 210 192 — 11,696 — 11,696 11,565 — — — — — |
Page 3
Balance sheet
| Total funds Prior year funds |
|
|---|---|
| Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand Liabilities Creditors: Amounts falling due in one year Net current assets less current liabilities Total assets less current liabilities Total net assets less liabilities Represented by Unrestricted General fund Designated Families Minister Fabric Fund Youth/Children's Ministry Fund Chair Appeal Fund Quinquenial Fund Restricted Families Minister Fabric Fund Youth/Children's Ministry Fund Flower Fund Ladies Link Chair Appeal Fund Monies for school bibles Garden of Remembrance Fund Monies for Audio and Video Equipment Endowment Fabric Fund Funds of the church |
15,244 16,341 |
| 15,244 16,341 — 591 68,448 53,963 |
|
| 68,448 54,554 2,044 2,155 |
|
| 2,044 2,155 |
|
| 66,403 52,399 |
|
| 81,648 68,740 |
|
| 81,648 68,740 43,027 32,817 1,046 1,046 200 200 — 0 — — — — 8,211 8,211 7,180 7,679 11,696 11,565 (342) (85) — — 6,275 7,114 210 192 — — 4,143 — — — |
|
| 81,648 68,740 |
Approved by the Parochial Church Council and signed on their behalf by
Rev. Dan Freeman Chairman and Incumbent 23[rd] March 2026
Page 4
Statement of assets and liabilities
| General Designated Restricted Endowment This year Last year |
|
|---|---|
| Fixed assets - Tangible assets Equipment - Totals Current assets - Cash at bank and in hand Deposit Account - Current Account - Petty Cash - Youth Account - Fabric Fund Account - The Crew's Petty Cash - Toddler Group float - Totals Current assets - Debtors Accounts Receivable - Totals Liabilities - Agency accounts Agency collections - Totals Liabilities - Creditors: Amounts falling due in one year Accounts Payable - Totals Grand total |
4,458 — 10,785 — 15,244 16,341 |
| 4,458 — 10,785 — 15,244 16,341 17,818 — 20,000 — 37,818 30,833 19,673 (488) 11,235 — 30,420 22,920 100 — — — 100 100 (190) 234 (44) — — — 2,345 1,500 (3,839) (5) — — — — 100 — 100 100 — — 10 — 10 10 |
|
| 39,747 1,246 27,461 (5) 68,448 53,963 — — — — — 591 |
|
| — — — — — 591 — — 1,151 — 1,151 1,262 |
|
| — — 1,151 — 1,151 1,262 893 — 5 (5) 893 893 |
|
| 893 — 5 (5) 893 893 |
|
| 43,312 1,246 37,089 — 81,648 68,740 |
Fund movement by type
Page 5
Opening Incoming Outgoing Transfers Gains/losses Journals Closing
| Family - Families Minister Designated Restricted Sub-total for Family General - General fund Unrestricted Sub-total for General Fabric - Fabric Fund Designated Restricted Endowment Sub-total for Fabric Youth - Youth/Children's Min Designated Restricted Sub-total for Youth Flower - Flower Fund Restricted Sub-total for Flower Ladies - Ladies Link Restricted Sub-total for Ladies Chairs - Chair Appeal Fund Designated Restricted Sub-total for Chairs Quinqnl - Quinquenial Fund Designated Sub-total for Quinqnl Bible - Monies for school bi Restricted Sub-total for Bible Garden - Garden of Remembranc Restricted Sub-total for Garden AV - Monies for Audio and Restricted Sub-total for AV Grand total |
1,046 — — — — — 1,046 8,211 — — — — — 8,211 |
|---|---|
| 9,257 — — — — — 9,257 32,817 101,978 87,385 (4,382) — — 43,027 |
|
| 32,817 101,978 87,385 (4,382) — — 43,027 200 — — — — — 200 7,679 7,000 9,538 2,040 — — 7,180 — — — — — — — |
|
| 7,879 7,000 9,538 2,040 — — 7,380 0 — — 0 — — — 11,565 3,646 3,515 0 — — 11,696 |
|
| 11,566 3,646 3,515 — — — 11,696 (85) 150 406 — — — (342) |
|
| (85) 150 406 — — — (342) — — — — — — — |
|
| — — — — — — — — — — — — — — 7,114 — 838 — — — 6,275 |
|
| 7,114 — 838 — — — 6,275 — — — — — — — |
|
| — — — — — — — 192 525 506 — — — 210 |
|
| 192 525 506 — — — 210 — — — — — — — |
|
| — — — — — — — — 11,780 9,979 2,342 — — 4,143 |
|
| — 11,780 9,979 2,342 — — 4,143 |
|
| 68,740 125,079 112,172 — — — 81,648 |
Notes to the Financial Statements for the year ending 31 December 2025
Page 6
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the SORP 2005 (revised). The financial statements have been prepared under the historical cost convention except for the valuation of investment 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 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 forward as a balance on that fund.
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 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.
Moveable 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 are not valued in the financial statements. Subsequently any individual item costing less than £1,000 has been written off when incurred.
Recent purchases of chairs & tables costing in total more than a £1.000 have been recognised as Fixed Assets and have therefore been capitalised. These are being written off over a 20-year period (5% p.a.).
Any Investments held are valued at market value at 31st December.
Analysis of income and expenditure
Total
Page 7
Unrestricted Designated Restricted Endowment This year Last year
INCOME AND ENDOWMENTS
| Donations and legacies 01 - T/E Planned Giving 54,106 — — — 54,106 50,466 02 - Other Planned Giving 8,966 — — — 8,966 8,985 03 - Collections @ Services 7,961 — — — 7,961 8,277 08 - Donations 3,296 — 19,455 — 22,751 1,416 15 - Tax Recoverable 21,375 — — — 21,375 15,226 Total 95,705 — 19,455 — 115,160 84,371 Income from charitable activities 04 - Fees 2,699 — — — 2,699 2,431 05 - Group Subs — — — — — — 0501 - Toddler Group Subs — — 629 — 629 — 0502 - CREW Subs — — 1,716 — 1,716 1,729 10 - Coffee Donations 500 — — — 500 786 Total 3,199 — 2,346 — 5,546 4,946 Other trading activities 09 - Special Event 375 — — — 375 2,287 0901 - Mission Week events — — — — — — Total 375 — — — 375 2,287 Investments 07 - Interest 344 — — — 344 569 Total 344 — — — 344 569 Other income 14 - Other 2,353 — 1,300 — 3,653 3,639 Total 2,353 — 1,300 — 3,653 3,639 |
54,106 — — — 54,106 50,466 8,966 — — — 8,966 8,985 7,961 — — — 7,961 8,277 3,296 — 19,455 — 22,751 1,416 21,375 — — — 21,375 15,226 |
|---|---|
| 3,199 — 2,346 — 5,546 4,946 375 — — — 375 2,287 — — — — — — |
|
| 375 — — — 375 2,287 344 — — — 344 569 |
|
| 344 — — — 344 569 2,353 — 1,300 — 3,653 3,639 |
|
| 2,353 — 1,300 — 3,653 3,639 |
|
| INCOME TOTAL | 101,978 — 23,101 — 125,079 95,814 |
EXPENDITURE
| Costs of generating funds - Costs of generating | Costs of generating funds - Costs of generating | voluntary income | ||||
|---|---|---|---|---|---|---|
| 5802 - Notice Sheets | — | — | — | — | — | — |
| 5804 - APCM & Web Domain | — | — | — | — | — | 51 |
| Total | — | — | — | — | — | 51 |
Page 8
| Expenditure on charitable activities 51 - Parish share 50,648 — — — 50,648 47,940 52 - Staff Salaries — — — — — — 53 - Staff Expenses 780 — — — 780 1,475 5301 - Family Ministry Work — — — — — — 54 - Governance Expenses 360 — — — 360 360 55 - Utilities — — — — — — 5501 - Gas 4,008 — — — 4,008 5,467 5502 - Electricity 1,425 — — — 1,425 1,497 5503 - Water 582 — — — 582 487 56 - Events 710 — — — 710 657 5601 - Courses 231 — — — 231 — 57 - Other Expenditure 676 — — — 676 375 5701 - Stationery — — — — — 70 5702 - Gift Aid & Giving Envelopes — — — — — 100 5703 - Insurance 3,740 — — — 3,740 3,412 5704 - Licenses 1,460 — — — 1,460 59 58 - Printing and Publicity Costs 193 — — — 193 858 59 - Housekeeping Expenses 1,740 — — — 1,740 42 61 - The Vicarage 4,604 — — — 4,604 3,899 62 - Talking Tables — — — — — 264 64 - Tea & Coffee 410 — — — 410 111 65 - Training & Teaching Expenditure 2,125 — — — 2,125 1,940 66 - Flowers — — 406 — 406 298 6601 - Leader Development 249 — — — 249 — 67 - Charitable Giving 9,163 — — — 9,163 9,029 69 - Building 2,101 — — — 2,101 26,417 70 - Worship Expenses 361 — 9,979 — 10,340 463 7001 - Discipleship Groups 409 — — — 409 4 7002 - Hospitality 286 — — — 286 — 7003 - Books 384 — 80 — 464 — 71 - Youth and Childrens Work — — 3,899 — 3,899 3,373 7101 - Toddler Group — — 42 — 42 — 72 - Music Group — — — — — 580 Total 86,653 — 14,408 — 101,062 109,189 Other expenditure 6901 - Buildings - Development — — 9,538 — 9,538 — 6902 - Garden - Budget 473 — — — 473 624 75 - Depreciation 258 — 838 — 1,097 1,097 Total 732 — 10,377 — 11,110 1,722 |
Expenditure on charitable activities 51 - Parish share 50,648 — — — 50,648 47,940 52 - Staff Salaries — — — — — — 53 - Staff Expenses 780 — — — 780 1,475 5301 - Family Ministry Work — — — — — — 54 - Governance Expenses 360 — — — 360 360 55 - Utilities — — — — — — 5501 - Gas 4,008 — — — 4,008 5,467 5502 - Electricity 1,425 — — — 1,425 1,497 5503 - Water 582 — — — 582 487 56 - Events 710 — — — 710 657 5601 - Courses 231 — — — 231 — 57 - Other Expenditure 676 — — — 676 375 5701 - Stationery — — — — — 70 5702 - Gift Aid & Giving Envelopes — — — — — 100 5703 - Insurance 3,740 — — — 3,740 3,412 5704 - Licenses 1,460 — — — 1,460 59 58 - Printing and Publicity Costs 193 — — — 193 858 59 - Housekeeping Expenses 1,740 — — — 1,740 42 61 - The Vicarage 4,604 — — — 4,604 3,899 62 - Talking Tables — — — — — 264 64 - Tea & Coffee 410 — — — 410 111 65 - Training & Teaching Expenditure 2,125 — — — 2,125 1,940 66 - Flowers — — 406 — 406 298 6601 - Leader Development 249 — — — 249 — 67 - Charitable Giving 9,163 — — — 9,163 9,029 69 - Building 2,101 — — — 2,101 26,417 70 - Worship Expenses 361 — 9,979 — 10,340 463 7001 - Discipleship Groups 409 — — — 409 4 7002 - Hospitality 286 — — — 286 — 7003 - Books 384 — 80 — 464 — 71 - Youth and Childrens Work — — 3,899 — 3,899 3,373 7101 - Toddler Group — — 42 — 42 — 72 - Music Group — — — — — 580 Total 86,653 — 14,408 — 101,062 109,189 Other expenditure 6901 - Buildings - Development — — 9,538 — 9,538 — 6902 - Garden - Budget 473 — — — 473 624 75 - Depreciation 258 — 838 — 1,097 1,097 Total 732 — 10,377 — 11,110 1,722 |
|---|---|
| 86,653 — 14,408 — 101,062 109,189 — — 9,538 — 9,538 — 473 — — — 473 624 258 — 838 — 1,097 1,097 |
|
| 732 — 10,377 — 11,110 1,722 |
|
| EXPENDITURE TOTAL | 87,385 — 24,786 — 112,172 110,963 |
| GRAND TOTAL | 14,592 — (1,685) — 12,907 (15,148) |
Page 9
Independent examlnerfs report to the PCC ol St James, Chorfey This report on rhe financi31 statements of the PCC for the year ended 31" December 2025, whith are set out on pages 7,8 an(19, is in respect of an examination carried out in accordance with the Church Accountin8 Regulations 2C61'the regulatK)n'l and s.43 of the Charitie5 Act 1993 (the Act'l. Respettlve responslbllStles of the PCC and the examlner As members of the PCC yotj are responsible for rhe preparation ol the financial statements- you consider that ihe audit requirement of the Regulations and s.431210l the Act does not apply. It IS my responsibility to issue this report on those linancial statements in accordance with the ierms of the regulations 8asls of thls report My examination was carried out in accordance with the General Dre10Th5 given by the Charity Commission under s.43171 Ibl of the Art and to be found in the Church guidance 2006 edition. That examination includes a review of the accounting records kept by PCC and a comparison of the accounls with those record5. It a150 includes considering any unusual items or disclosure5 in the financial statements and seeking explanations from you as trustees concerning any SLSch matters. The procedlsres undertaken do not provide all Ihe evidence ihèt would be required in an audit. and consequently I do Mt express an audii opinion on the view given by the accounts. Independent examlntrf5 Statement In connection with my exarnination, no matter has come to my atteniion- . which gives me reasonable cause to believe that in any material respect the reouirements to keep accounting recofds in accordance with section 41 of the Act.. and to prepare financial siatement5. Which accord with the accountin8 records and comply with the requirements of the Act and Regulalions have not been met. 2. to which, in my opinion, attention should be drawn in order to enable a proper Understanding ol the account5 to be reached. rsE Bellshire Accountancy Limited, 23-27 Bolton Sireet. Chorley, PR7 3AA March 2026 Page 10