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2022-12-31-accounts

Emmanuel Parish Church Cambridge Road, Southport

Annual Report including Financial Report of the Parochial Church Council

For the year ended 31 December 2022

Registered Charity No. 1131223

© Diocese of Liverpool

EMMANUEL PARISH CHURCH PCC

INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Page
Reference and Administrative Information 1
Report of the PCC 2 - 6
Independent Examiners' Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 - 13
Church Groups Accounts 14
Budget 15

EMMANUEL PARISH CHURCH PCC

REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2022

Address: Emmanuel Church, Cambridge Road, Southport, PR9 9RP Official Correspondence to: The Secretary, 11 Melrose Avenue, Southport, PR9 9UY Registered Charity Number: 1131223

PCC Members include:

Incumbent: Rev Stewart McTaggart Rev Stewart McTaggart
Curate: Vacant
Treasurer: Mr Gordon Ross - from March 2023
Readers: Mrs Jean Lee
Churchwardens: Mrs Linda Dewing
Mrs June Redman
Deanery Synod Representatives: Mrs Nikki Brydon
Mrs Linda Dewing
Mr John Fell
Mrs Elaine McLoughlin
Elected Members: Mrs Nikki Brydon
Mr John Fell
Mrs Sue Gore
Miss Elaine Hiorns
Dr Brian Hodge
Dr Suzanne Hodge
Mrs Elaine McLoughlin
Mr Gordon Ross
Mrs Karen Sacker
Mr Eric Wall
Mrs Kathleen Young
Electoral Role Officer: Mrs Irene Greenwood
Secretary: Mrs Elaine McLoughlin
Safeguarding Officer: Mrs Marian Pope - to September 2022
Mrs Jean Stocks - from March 2023
Bankers: Nat West Bank, 130 Lord Street, Southport, PR9 0AB
Independent Examiners: Lifestyles Accountancy, 39 Kirklees Road, Southport, PR8 4RB
Legal Advisers: Hill Dickinson, St Pauls Square, Liverpool, L3 9SJ
Architect: Mr Bramham, NJSR, 57-59 Hoghton Street, Southport, PR9 0PG

Page 1 of 15

EMMANUEL PARISH CHURCH PCC

REPORT OF THE PCC FOR THE YEAR ENDED 31 DECEMBER 2022

STRUCTURE, MANAGEMENT AND GOVERNANCE

Emmanuel Parish Church PCC operates under the Parochial Church Council Powers Measure 1956. We are a registered charity with charity number 1131223.

Appointment of PCC members is set out in the Church Representation Rules. All members of the Church are encouraged to register on the Electoral Roll and to stand for election to the PCC. The PCC has three subcommittees: the Standing Committee, which consists of the Incumbent, one Reader, two Churchwardens, Treasurer, Chair of Finance and secretary; Finance Committee; and Fabric Committee. Ad hoc committees are convened as and when required.

Day to day management of the Church is exercised by the vicar in conjunction with the standing committee of the PCC which includes the Churchwardens: Mrs Linda Dewing and Mrs June Redman.

Risk Assessments

To identify the major risks the PCC undertake a risk assessment. Procedures are then put in place to manage those risks and minimise their impact on the life of the church. The main areas are set out below:

Financial Risk

An annual budget is prepared and monitored against actual performance. The Finance committee reviews the results on a regular basis and provides reports to each meeting of the PCC. The church’s investments are also reviewed annually, and whenever reports from the diocesan fund managers are received. A report is then provided by the Finance committee to the PCC. Investments are made only in funds approved by the diocese and managed by CCLA Investment Management Ltd specifically for charities. Buildings and tangible assets are insured and levels regularly reviewed. A system of internal control has been approved by the PCC to cover cash handling, payments and bank transfers, and this system is kept under regular review.

Health and Safety

Reviews are undertaken regularly by a member of the church. The PCC are informed of any risks and any action that has been taken. Procedures are in place for recording accidents. The procedures are reported annually to the PCC.

Safeguarding

PCC members and those working with children or vulnerable adults are checked, registered and trained in accordance with the Diocesan Safeguarding Policy. The policy was last reviewed in 2021 and put into place. Online training for volunteers has been completed. A copy of the most recent updated policy is included in this report.

Formal risk assessments are recorded in the PCC’s Risk Register and reviewed annually. The Risk Register is kept with the Accident Recording book in the Churchwardens’ office.

Page 2 of 15

EMMANUEL PARISH CHURCH PCC

REPORT OF THE PCC (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

OBJECTIVES AND AIMS

The PCC (Powers) measure 1956 states "the PCC is to co-operate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelical, social and ecumenical."

Membership of the PCC also involves the acceptance of the responsibilities laid down in the Synodical Government Measure 1969 relating to PCCs and the other legal responsibilities involved.

The PCC has given consideration to the Charity Commission's guidance on public benefit and, in particular to he specific guidance to charities concerned with the advancement of religion. Our objectives in the year were to provide the following public benefits:

Our mission is to bring God into people's lives; our purpose here is to serve Jesus Christ.

Our objectives for 2022 included the following:

In 2022:

Page 3 of 15

EMMANUEL PARISH CHURCH PCC

REPORT OF THE PCC (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

ACHIEVEMENTS AND PERFORMANCE including review of charitable objectives

We aimed to achieve all the objectives set out, however some of these are ongoing and some will be addressed in the course of 2023.

The electoral roll

There were 90 (2021 - 91) names on the electoral roll for this year.

Worship

The average weekly attendance was 52. Midweek Communion average attendance was 7. Messy Church continued monthly with 6 children and 16 adults attending. Easter saw 34 at the Maundy Thursday Service and 24 adults and 2 children on Good Friday. 109 adults and 11 children attended on Easter Sunday. On Easter Saturday we had 21 adults and 22 children at the Easter extravaganza. There were 66 people in attendance at the Midnight Communion service on Christmas Eve. During the year Emmanuel held 10 Baptisms, 5 Weddings and 9 funerals in church. There were 8 funerals held at the Crematorium and 3 burial of ashes in the Garden of Remembrance.

Pastoral care and service to our community

Rev Stewart McTaggart has visited parishioners and provided Pastoral care and support this year.

Holiday club did not take place this year due to lack of children booking in, but is planned to take place in July 2023. Messy Church continued monthly in 2022.

Once again we hosted Larkfield annual Christmas Carol Service with over 1,400 children and adults attending.

The Mother’s Union, Prayer Group, Bible Study have not resumed as yet, but the Bowling Club have met this year.

Youth and Children's Work

The Beavers, Cubs, Scouts, Rainbows, Brownies and Guides continue to meet. Rev Stewart McTaggart has visited the uniformed organisations, developing our links with them. The uniformed organisations have taken part in services and got involved with the Christmas Fair.

As previously mentioned, the Children’s Holiday Club did not go ahead this year due to lack of numbers. Leaders look forward to holding the Holiday Club once again in the Summer of 2023.

Messy Church congregation continue to meet on a monthly basis.

Other Activities

We hosted Southport Orchestra at Christmas. They have 3 events with us booked in for 2023. We also have a booking for a “Come and Sing” event with the Bach Choir in the Spring of 2023. We were able to hold a Christmas Fair in December and plan to have a Summer Fair as well in 2023.

Page 4 of 15

EMMANUEL PARISH CHURCH PCC

REPORT OF THE PCC (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

ACHIEVEMENTS AND PERFORMANCE including review of charitable objectives - continued

Church Buildings

General maintenance has been carried out to the church and halls as required. The grounds have continued to be maintained by a willing group of volunteers and we are continuing to pay a gardener to help volunteers with this task.

The church is in general good order. The terrier and inventory have been maintained and all goods and chattels remain in place.

FINANCE, GIVING, FUNDRAISING, FINANCIAL REVIEW AND INVESTMENTS

The accounts for 2022 show income of £342,937 compared to £103,314 in 2021. Ordinary weekly giving was a touch above £32,000 compared to around £43,000 in 2021 which appears to now be back to normal, prepandemic levels.

During the year a very generous legacy of £253,334 was left to the church without financial restriction. The PCC are considering to what use this will be put toward beyond the immediate and necessary repair and new boiler costs of around £85,000 spent in this year with a further £75,000 planned to spend in 2023 on repair works.

Total expenditure was £152,228 compared to £115,580 in 2021. This was higher as we spent £85,524 on repair works and a new boiler from the money left as a legacy in the year compared to repair costs in 2021 of £23,652.

The investments in the endowment funds continue to be managed by CCLA and showed a decrease in 2022 of around £31,000 despite an increase last year of around £28,000. The original legacy of £110,000 has now increased in value to £229,104 and produces a yield of around 3% for maintenance of the church activities.

Our budget for 2023 generally maintains the previous years levels and shows planned expenditure of £109,500 including £65,000 for parish share. Anticipated income of £86,500 is more optimistic given that the worst of the pandemic is behind us although the current economic climate is still uncertain. We expect an operational deficit of £23,000 which will have to come from our reserves that have accumulated due to the legacy received in the year.

Page 5 of 15

EMMANUEL PARISH CHURCH PCC

REPORT OF THE PCC (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

PLANS FOR THE FUTURE

Our objectives for the coming year include:

This report was approved by the PCC on 7 March 2023 and signed on its behalf by:

….............................. Rev Stewart McTaggart Vicar

Page 6 of 15

EMMANUEL PARISH CHURCH PCC

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

This report on the financial statements of the PCC for the year ended 31 December 2022, which are set out on pages 8 to 15 is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ('the Regulations') and section 145 of the Charities Act 2011 ('the 2011 Act').

Respective responsibilities of the PCC and the examiner

The members of the PCC are responsible for the preparation of the accounts. The members of the PCC consider that an audit is not required for this year under section 144(2) the 2011 Act and that an independent examination is needed. It is my responsibility to:

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 the course of my examination, no matter has come to my attention:

….............................. 20 July 2023 Signed Dated

Daniel Styles FCA Chartered Accountant Lifestyles Accountancy Limited 39 Kirklees Road Southport PR8 4RB

Page 7 of 15

EMMANUEL PARISH CHURCH PCC

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Note
INCOME AND ENDOWMENTS
Donations and Legacies
2a
Income from trading activities
2b
Investment Income
2c
Income from charitable activities
2d
TOTAL INCOME AND ENDOWMENTS
EXPENDITURE
Charitable activities
3a
Fundraising costs
3b
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE) before
gains and losses on investments
Gain/(loss) on investments - unrealised
NET INCOME/(EXPENDITURE)
BALANCES at 1 January 2022
BALANCES at 31 December 2022		 Unrestricted
Restricted
Endowment
TOTAL
TOTAL
Funds
Funds
Funds
2022
2021
£
£
£
£
£
300,766
-
-
300,766
69,106
21,084
-
-
21,084
21,478
10,561
-
-
10,561
7,508
10,526
-
-
10,526
5,222
342,937
-
-
342,937
103,314
190,709
-
-
190,709
113,863
-
-
-
-
1,717
190,709
-
-
190,709
115,580
152,228
-
-
152,228
(12,266)
(218)
-
(31,118)
(31,336)
27,992
152,010
-
(31,118)
120,892
15,726
134,560
5,406
260,222
400,188
384,462
286,570
5,406
229,104
521,080
400,188

Page 8 of 15

EMMANUEL PARISH CHURCH PCC

BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
FIXED ASSETS
Tangible
5
Investments
5
CURRENT ASSETS
Debtors & prepaid expenses
Short term CCLA deposits
Bank balances
CURRENT LIABILITIES
Creditors-amounts falling due in one year
NET CURRENT ASSETS
TOTAL NET ASSETS
PCC FUNDS
Endowment
5
Restricted
6
Designated
6
Unrestricted
6		 2022
£
1,000
230,744
4,500
244,189
45,800
294,489
5,153
5,153
289,336
521,080
229,104
5,406
142,348
144,222
521,080		 2021
£
1,000
262,080
4,500
112,168
37,222
153,890
16,782
16,782
137,108
400,188
260,222
5,406
142,348
(7,788)
400,188

Approved by the PCC on 7 March 2023 and signed on its behalf by:

…………………………………… Mrs Linda Dewing Churchwarden

…………………………………… Rev Stewart McTaggert Vicar

Page 9 of 15

EMMANUEL PARISH CHURCH PCC

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 ACCOUNTING POLICIES

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and R of I (FRS 102) as amended.

The financial statements have been prepared under the Charities Act 2011 and the 2008 accounting and reporting regulations based on the current version of the Charities SORP (FRS102). Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated. 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 affiliation to another body nor those that are informal gatherings of church members.

Funds

Endowment Funds are funds the capital of which cannot be used but the income can be used for general purposes.

Restricted Funds represent donations or grants received for a specific purpose and can only be used for that purpose. Any balance left is carried forward in that fund. The funds are not separately invested and interest received is apportioned to individual funds on an average balance basis.

Designated Funds represent grants or donations to general funds which have been subsequently designated by the PCC for specific purposes and can be undesignated back to general funds at a later date by the PCC.

Unrestricted Funds are general funds which can be used for the ordinary purposes of the church. Funds not immediately required are invested on short term deposit with CCLA deposit funds.

Income and endowments

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the income to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the specified amount and where appropriate treated as restricted funds. Dividends are accounted for when receivable and interest is accrued. All other income is recognised when it is receivable. All income is accounted for gross without deducting related expenditure. Donated professional services and facilities are recognised as income at open market value when the charity has control over the item. General volunteer time is not recognised.

Expenditure

Grants and donations are accounted for when paid or when awarded by the PCC. Parish share is accounted for when due. Donations for mission, wedding and funeral fees for occasional offices and expenditure out of restricted grants and donations are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross without deducting related income.

Fixed Assets

Consecrated and benefice property is not included in the accounts in accordance with s.10 (10)(a) of the Charities Act 2011. 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. Anything purchased or donated after 2005 costing or valued over £1,000 will be shown in the accounts as furnishings. Equipment used within the church premises and halls is depreciated over four years but items costing or valued at less than £1,000 are written off in the year of acquisition. Land at Radnor Drive has been included at an estimated value of £1,000 as no historic cost information is available. Investments are valued at market value at 31 December.

Page 10 of 15

EMMANUEL PARISH CHURCH PCC

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

1 ACCOUNTING POLICIES (continued) Reserves

The PCC is encouraged to hold reserves to meet regular anticipated expenses for three months which would amount to around £30,000. At present the free general reserves are in surplus by £144,222 (2021 £7,788 overdrawn) excluding designated funds. The increase in the year as a result of receiving a very generous legacy of £253,334. It is now no longer necessary to use part of the designated mission fund to cover the ongoing deficit but progress is being sought towards increasing regular giving through the Giving in Grace programme and other initiatives over the next few years.

2 INCOME AND ENDOWMENTS

a Donations and legacies:
Planned giving
Income tax and vat recoverable
Cash collections
Legacies
Sundry donations
Insurance claims and grants
b Income from trading activities:
Fetes,concerts and attic sales
Church halls income
Tower rental income
c Investment income:
Endowment bequest interest
CBF funds interest
Radnor Drive rent
d Income from charitable activities:
Wedding & funeral fees
TOTAL INCOME AND ENDOWMENTS		 Unrestricted
Restricted
TOTAL
Funds
Funds
2022
£
£
£
25,387
-
25,387
5,115
-
5,115
6,794
-
6,794
253,334
-
253,334
-
-
-
10,136
-
10,136
300,766
-
300,766
2,742
-
2,742
3,507
-
3,507
14,835
-
14,835
21,084
-
21,084
6,840
-
6,840
2,021
-
2,021
1,700
-
1,700
10,561
-
10,561
10,526
-
10,526
10,526
-
10,526
342,937
-
342,937		 TOTAL
2021
£
29,553
5,372
13,472
20,000
709
-
69,106
-
2,195
19,283
21,478
5,857
951
700
7,508
5,222
5,222
103,314

Page 11 of 15

EMMANUEL PARISH CHURCH PCC

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

3
EXPENDITURE
a Church activities and mission:
LDBF - Ordinands fund
Messy church & equipment
Charity donations
Ministry activities:
Parish share
Wedding & funeral fees
Clergy housing
Clergy locums travel & phones
Church buildings & worship:
Heat, light, water & insurance
Repairs & maintenance
Church halls costs
Musicians & equipment repairs
Services, stationery & magazine
Independent examiners fees
a Total church activites and mission costs
b Fundraising costs:
Cost of generating funds
TOTAL EXPENDITURE		 Unrestricted
Restricted
TOTAL
Funds
Funds
2022
£
£
£
-
-
-
412
-
412
614
-
614
1,026
-
1,026
59,860
-
59,860
10,740
-
10,740
5,846
-
5,846
1,100
-
1,100
77,546
-
77,546
12,274
-
12,274
85,525
-
85,525
4,470
-
4,470
3,259
-
3,259
6,509
-
6,509
100
-
100
112,137
-
112,137
190,709
-
190,709
-
-
-
-
-
-
190,709
-
190,709		 TOTAL
2021
£
1,759
-
-
1,759
63,111
4,095
807
784
68,797
12,212
23,652
4,532
714
2,097
100
43,307
113,863
1,717
1,717
115,580

4 STAFF COSTS

During the year the PCC engaged an organist and verger for church and cleaners for the halls who received fees for performances under a contract for services not under a contract of employment. Gardening and cleaning services were provided for church buildings on a voluntary basis. No payments other than for minor expenses were paid to PCC members or their families. A small portion of the expenses paid to the incumbent may have related to their services as chair of the PCC.

Page 12 of 15

EMMANUEL PARISH CHURCH PCC

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

5 FIXED ASSETS

(a) Tangible

Land at Radnor Drive, Churchtown presently held on long lease from Sefton Council until 2041 at a rent of £20 per annum and currently used by Emmanuel Scout group has been valued on current use at £1,000 by the PCC.

(b) Investments
Units
Endowment Funds
CBF Investment growth shares
9,855.84
CBF Fixed interest funds
18,577.07
Unrestricted Funds
CBF Investment income shares
79.36		 Cost
Market value
2022
£
£
97,171
203,635
32,380
25,469
129,551
229,104
953
1,640
130,504
230,744		 Market value
2021
£
230,805
29,417
260,222
1,858
262,080

6 FUNDS

(a) Endowment Funds

The endowment fund is a permanent endowment of the Foinquinos bequest which requires that only the income can be spent on the general work and ministry of the church with the capital invested.

(b) Restricted Funds

Charities & Mission
Memorial Chapel		 2022
Income
Expended
£
£
£
1,568
-
-
3,838
-
-
5,406
-
-		 2021
£
1,568
3,838
5,406

The Memorial Chapel Fund is restricted to improvements to the Chapel in the South Transept. Other Restricted Funds are to be used in accordance with their restriction.

(c) Unrestricted Funds

(c) Unrestricted Funds
Mission Fund - Designated
Legacy Fund - Designated
Total Designated Funds
General Fund		 2022
£
137,348
5,000
142,348
144,222
286,570		 2021
£
137,348
5,000
142,348
(7,788)
134,560

The Mission Fund is designated for use in the wider mission of the church. The Legacy Fund is designated to improve church growth.

7 Analysis of net assets by fund:

Fixed assets
Net current assets
Fund balance		 Unrestricted
Restricted
Endowment
TOTAL
TOTAL
Funds
Funds
Funds
2022
2021
£
£
£
£
£
2,640
-
229,104
231,744
263,080
283,930
5,406
-
289,336
137,108
286,570
5,406
229,104
521,080
400,188

Page 13 of 15

EMMANUEL PARISH CHURCH PCC

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022

8 CHURCH GROUPS ACCOUNTS

Group
Purpose
Bank
Bowling Club
Britannia
Choir
Abbey
Events
To provide bowling facilities for
parishioners
To help with choral facilities &
membership in church from choir
fees received
To promote mission, fellowship &
fun with events funded by		 Balance
Balance
31 12 21
Receipts
Payments
31 12 22
£
£
560
1,619
1,332
847
1,737
200
-
1,937
785
1,345
1,231
899
3,082
3,164
2,563
3,683

Scouts, Guides and Mothers Union groups are responsible to their own Charitable Bodies. Other Emmanuel groups not listed above do not maintain separate bank and cash funds but process their transactions through the Church's general funds.

Page 14 of 15

EMMANUEL PARISH CHURCH PCC

BUDGET INCOME AND EXPENSES FOR THE YEAR ENDED 31 DECEMBER 2022

Income
Cash collections
Planned giving
Sundry donations
Tax refunds
Fees and Mast Income
Events
Halls income
Magazines & other income
Investment Income
Insurance claims and grants
Gift Day excluding tax
Total Income
Expenditure
Parish share
Ministry and fees
Church heat, light, water, insurance
Halls heat, light, water, insurance & repairs
Worship services, mission & office
Total Expenditure
Operating (Deficit) for the year
Grants and Legacies
Church repairs
Loss on Investments
Adjusted (Deficit)/Surplus		 Budget
2023
15,000
25,000
-
5,000
18,500
6,000
4,000
1,000
8,000
-
4,000
86,500
65,000
6,000
16,000
7,500
15,000
109,500
(23,000)
-
(75,000)
-
(98,000)		 Actual
Budget
2022
2022
6,794
8,000
25,387
25,000
-
5,000
5,115
10,000
27,061
18,500
2,742
6,000
3,507
9,000
-
1,000
8,861
8,000
10,136
-
-
4,000
89,603
94,500
59,860
65,000
17,686
6,000
12,274
12,000
4,470
7,500
10,894
10,000
105,184
100,500
(15,581)
(6,000)
253,334
-
(85,525)
(5,000)
(31,336)
-
120,892
(11,000)

Page 15 of 15