## **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 2C￿61'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 D￿re￿10Th5 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