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← The Parochial Church Council Of The Ecclesiastical Parish Of Emmanuel Southport

2025-12-31-accounts

Emmanuel Parish Church Cambridge Road, Southport

Annual Report including Financial Report of the Parochial Church Council

For the year ended 31 December 2025

Registered Charity No. 1131223

© Diocese of Liverpool

EMMANUEL PARISH CHURCH PCC

INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

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 2025

Address: Emmanuel Church, Cambridge Road, Southport, PR9 9RP Official Correspondence to: The Secretary, 54 Carisbrooke Drive, Southport, PR9 9PR Registered Charity Number: 1131223 PCC Members include: Incumbent: Rev Stewart McTaggart Curate: Vacant Treasurer: Vacant Reader: Vacant Churchwarden: Mrs Linda Dewing Deanery Synod Representative: Mrs Linda Dewing Elected Members: Mrs Sue Gore Miss Elaine Hiorns Miss Pauline Kosson Mrs Cynthia Martin Mrs Elaine McLoughlin Electoral Role Officer: Mrs Sarah Johnson Secretary: Mrs Helen Pitman Safeguarding Officer: Mrs Jean Stocks 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 Volland, 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 2025

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, Reader, Churchwarden and Treasurer; 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 Churchwarden: Mrs Linda Dewing.

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 available upon request.

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 2025

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 2025 included the following:

In 2025 we achieved:

Page 3 of 15

EMMANUEL PARISH CHURCH PCC

REPORT OF THE PCC (continued) FOR THE YEAR ENDED 31 DECEMBER 2025

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 2026.

The electoral roll

There were 40 (2024 - 75) names on the electoral roll for this year.

Worship

The average weekly attendance was 35: Midweek Communion average attendance was 7. Easter saw 19 at the Maundy Thursday Service & Passover supper and 23 adults on Good Friday: 54 adults attended on Easter Sunday. On Easter Saturday we had 14 adults and 13 children at the Easter extravaganza. There were 41 people in attendance at the Midnight Communion service on Christmas Eve. During the year Emmanuel held 5 Baptisms, 2 Weddings and 7 funerals in church. There were 2 funerals held at the Crematorium and 3 burials 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.

Unfortunately, holiday club did not take place during 2025.

Prayer Group have been meeting every Thursday at 3.30pm and the Bowling Club are back to their regular meetings.

Youth and Children's Work

The Beavers, Cubs, Scouts, 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 were involved with the Christmas Fair.

Other Activities

A successful Christmas Fair was held at the end of November 2024.

Page 4 of 15

EMMANUEL PARISH CHURCH PCC

REPORT OF THE PCC (continued) FOR THE YEAR ENDED 31 DECEMBER 2025

ACHIEVEMENTS AND PERFORMANCE including review of charitable objectives - continued

Church Buildings

General maintenance has been carried out to the church. 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 2025 show income of £51,909 compared to £95,862 in 2024. The decrease mainly being from a generous legacy of £33,520 being received in the prior year. By removing this, underlying income has dropped by about £10,000.

Total expenditure in the year was £109,831 compared to £258,542 in 2024. This finally reduced as the bulk of the property repairs necessary were undertaken in earlier years. This now represents a more ongoing annual cost of running the charity without accounting for any one-off events.

The investments in the endowment funds continue to be managed by CCLA but showed a dencrease in 2025 of around £4,560 despite cashing in £100,000 in the prior year. The original legacy of £110,000 has now increased in value to £152,402 and produces a yield of around 3% per year for maintenance of the church activities.

Our budget for 2026 generally maintains the previous years levels and shows planned expenditure of £99,000 including £55,000 for parish share. Anticipated income of £60,000 is more realistic given that the congregation has reduced in numbers and income has reduced from some regular givers for various reasons. We expect an operational deficit of £39,000 which will have to continue to be funded from our reserves that have accumulated due to the legacies received in prior years.

Page 5 of 15

EMMANUEL PARISH CHURCH PCC

REPORT OF THE PCC (continued) FOR THE YEAR ENDED 31 DECEMBER 2025

PLANS FOR THE FUTURE

Our objectives for the coming year include:

This report was approved by the PCC on 26 April 2026 and signed on its behalf by:

…..............................

Rev Stewart McTaggart Rev Stewart McTaggaft Vicar Vicar

Page 6 of 15

EMMANUEL PARISH CHURCH PCC

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

This report on the financial statements of the PCC for the year ended 31 December 2025, 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:

….............................. Signed

26 April 2026 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 2025

----- Start of picture text -----
Unrestricted Restricted Endowment TOTAL TOTAL
Note Funds Funds Funds 2025 2024
£ £ £ £ £
INCOME AND ENDOWMENTS
Donations and Legacies 2a 8,860 - - 8,860 51,150
Income from trading activities 2b 19,295 - - 19,295 20,879
Investment Income 2c 5,951 - - 5,951 14,131
Income from charitable activities 2d 17,803 - - 17,803 9,702
TOTAL INCOME AND ENDOWMENTS 51,909 - - 51,909 95,862
EXPENDITURE
Charitable activities 3a 109,831 - - 109,831 258,542
Fundraising costs 3b - - - - -
TOTAL EXPENDITURE 109,831 - - 109,831 258,542
- -
NET INCOME/(EXPENDITURE) before (57,922) (57,922) (162,680)
gains and losses on investments
-
Gain/(loss) on investments - unrealised (73) (4,487) (4,560) 7,246
-
NET INCOME/(EXPENDITURE) (57,995) (4,487) (62,482) (155,434)
BALANCES at 1 January 2025 114,164 5,406 156,889 276,459 431,893
BALANCES at 31 December 2025 56,169 5,406 152,402 213,977 276,459
----- End of picture text -----

Page 8 of 15

EMMANUEL PARISH CHURCH PCC

BALANCE SHEET AS AT 31 DECEMBER 2025

Notes
FIXED ASSETS
Tangible
5
Investments
5
CURRENT ASSETS
Debtors & prepaid expenses
Short term CCLA deposits
Bank balances		 2025
2024
£
£
1,000
1,000
154,164
158,724
2,545
2,059
6,774
95,629
51,765
20,575
61,084
118,263
CURRENT LIABILITIES
Creditors-amounts falling due in one year		 2,271
1,528
2,271
1,528
NET CURRENT ASSETS 58,813
116,735
TOTAL NET ASSETS 213,977
276,459
PCC FUNDS
Endowment
5
Restricted
6
Designated
6
Unrestricted
6		 152,402
156,889
5,406
5,406
-
80,000
56,169
34,164
213,977
276,459

Approved by the PCC on 26 April 2026 and signed on its behalf by:

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

…………………………………… Rev Stewart McTaggart Rev Stewart fictaggart Vicar Vicar

Page 9 of 15

EMMANUEL PARISH CHURCH PCC

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

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 2025

1 ACCOUNTING POLICIES (continued)

Reserves

The PCC is encouraged to hold reserves to meet regular anticipated expenses for at least three months which would amount to around £30,000. At present the free general reserves are in surplus by £34,123 (2024 - £34,455) excluding designated funds. The decrease in the year was due to the generous legacy received in 2022 being spent on property repairs. Reserves are now back to expected levels but unless the ongoing deficit can be reversed it is likely that the designated funds would need to continue to be reduced in the coming years to fund this.

2 INCOME AND ENDOWMENTS

a Donations and legacies:
Planned giving
Income tax and vat recoverable
Legacies
Sundry donations
b Income from trading activities:
Church halls income
Tower rental income
c Investment income:
Endowment and CBF funds interest
Radnor Drive rent
d Income from charitable activities:
Weddings & funerals
TOTAL INCOME AND ENDOWMENTS		 Unrestricted
Restricted
TOTAL
Funds
Funds
2025
£
£
£
7,637
-
7,637
486
-
486
-
-
-
737
-
737
8,860
-
8,860
4,460
-
4,460
14,835
-
14,835
19,295
-
19,295
5,016
-
5,016
935
-
935
5,951
-
5,951
17,803
-
17,803
17,803
-
17,803
51,909
-
51,909		 TOTAL
2024
£
11,747
5,883
33,520
-
51,150
6,044
14,835
20,879
13,196
935
14,131
9,702
9,702
95,862

Page 11 of 15

EMMANUEL PARISH CHURCH PCC

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025

----- Start of picture text -----
Unrestricted Restricted TOTAL TOTAL
Funds Funds 2025 2024
£ £ £ £
3 EXPENDITURE
a Church activities and mission:
Messy church & equipment 531 - 531 1,041
Charity donations 112 - 112 60
643 - 643 1,101
Ministry activities:
Parish share 54,268 - 54,268 62,348
-
Wedding & funeral fees 2,608 2,608 2,660
-
Clergy housing 2,497 2,497 4,369
-
Clergy locums travel & phones 3,765 3,765 3,452
-
63,138 63,138 72,829
Church buildings & worship:
-
Heat, light, water & insurance 23,421 23,421 20,214
-
Repairs & maintenance 14,775 14,775 156,083
Church halls costs 4,164 - 4,164 4,214
Musicians & equipment repairs - - - 847
-
Services, stationery & magazine 2,768 2,768 2,417
Bookkeeping fees 575 - 575 526
Independent examiners fees 100 - 100 100
Bank charges 247 - 247 211
-
46,050 46,050 184,612
a Total church activities and mission costs 109,831 - 109,831 258,542
b Fundraising costs:
- - - -
Cost of generating funds
- - - -
TOTAL EXPENDITURE 109,831 - 109,831 258,542
----- End of picture text -----

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 2025

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
5,587.02
CBF Fixed interest funds
18,577.07
Unrestricted Funds
CBF Investment income shares
79.36		 Cost
Market value
2025
£
£
55,084
124,022
32,380
28,380
87,464
152,402
953
1,762
88,417
154,164		 Market value
2024
£
129,187
27,702
156,889
1,835
158,724

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		 2025
Income
Expended
£
£
£
1,568
-
-
3,838
-
-
5,406
-
-		 2024
£
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
Mission Fund - Designated
Legacy Fund - Designated
Total Designated Funds
General Fund		 2025
£
-
-
-
56,169
56,169		 2024
£
75,000
5,000
80,000
34,164
114,164

The Mission Fund was designated for use in the wider mission of the church. The Legacy Fund was 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
2025
2024
£
£
£
£
£
2,762
-
152,402
155,164
159,724
53,407
5,406
-
58,813
116,735
56,169
5,406
152,402
213,977
276,459

Page 13 of 15

EMMANUEL PARISH CHURCH PCC

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025

----- Start of picture text -----
8 CHURCH GROUPS ACCOUNTS
Balance Balance
Group Purpose Bank 31 12 24 Receipts Payments 31 12 25
£ £
Bowling Club To provide bowling facilities for Britannia 3,390 1,157 1,335 3,212
parishioners
Events To promote mission, fellowship & 2,104 2,621 1,467 3,258
fun with events funded by
5,494 3,778 2,802 6,470
----- End of picture text -----

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 2025

----- Start of picture text -----
Budget Actual Budget
2026 2025 2025
Income
Cash collections 2,500 - 5,000
Planned giving 8,000 7,637 12,000
Sundry donations 1,000 737 -
Tax refunds 500 486 5,000
Fees and Mast Income 35,000 32,638 25,000
Events 2,000 - 2,500
Halls income 5,000 4,460 5,000
Investment Income 6,000 5,951 10,000
- - -
Insurance claims and grants
- -
Gift Day excluding tax 4,000
Total Income 60,000 51,909 68,500
Expenditure
Parish share 55,000 54,268 65,000
Ministry and fees 10,000 9,513 10,000
Church heat, light, water, insurance 25,000 23,421 20,000
Halls heat, light, water, insurance & repairs 5,000 4,164 5,000
Worship services, mission & office 4,000 3,690 5,000
Total Expenditure 99,000 95,056 105,000
Operating (Deficit) for the year (39,000) (43,147) (36,500)
- -
Grants and Legacies
Church repairs (15,000) (14,775) (70,000)
Gain on Investments - (4,560) -
Adjusted (Deficit)/Surplus (54,000) (62,482) (106,500)
----- End of picture text -----

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