Annual Report & Financial Statements of the Parochial Church Council of the Ecclesiastical Parish of West Bolton for the year ended 31 st December 2022 Registered Charity No. 1131301 For approval by the P. C. C. on 13th March 2023 and signing on their behalf by Reverend Stephen Tranter Team Rector & Malcolm Walker Lay Chair Page 2 Parochial Church Council of the Ecclesiastical Parish of West Bolton year ended 31 December 2022 INDEX Page 3 Pages 4-7 PCC Members Report of the Trustees Page 8-9 Statement of Financial Activities (S of A) Page 10-11 Balance Sheet Pages 12-19 Notes to the Accounts Page 20 Independent Examiners Report Administrative Information: Location.. West Bolton Team is situated across 5 sites as follows. Throughout this annual report and financial statement the churches are referred to by the name in brackets-. St Paul Church, Halliwell Road, Halliwell, Bolton (St Paul) st Thomas Church, Eskrick St, Halliwell, Bolton (St Thomas) St Luke Church, Chorley Old Road, Halliwell, Bolton (Sl Luke) St Paul with Emmanuel Church, Vicarage Street, Deane, Bolton (Emmanuel) St George the Martyr Church, Church Avenue, Daubhill, Bolton (St George) It is part of the Diocese of Manchester, Deanery of Bolton, Bolton Central Mission Community Team Office Details.. Located at st Luke's Church, Chorley Old Road, Halliwell, Bolton, BL1 3BE. Tel.. 01204 843060 Email.. claire@westboltonteam.org.uk Independent Examiner.. Kate Hodgkiss JF Balshaw & Co, 20 Old Kiln Lane, Bolton, BLI 5PD Page 3 Parochial Church Council of the Ecclesiastical Parish of West Bolton year ended 31 December 2022 PCC Members PCC members who have served from 1 January 2022 until the date this report was approved are.. Clergy (Ex officio) Team Rector.. Revd Stephen Tranter Team Vicar.. Revd Canon Rodger Petch Team Vicar.. Revd Fayaz Adman Team Curate". Revd Layfetta Masih (up to Sept 20221 Team Curate.. Revd Margaret Itwin (from July 2022) Associate Minister.. Revd Michael Taylor Associate Minister= Revd Les Allmark Representatives on the Deanery Synod (Ex officio): Mary Perkins Malcolm Walker Stephen Hamer Diane Chadwick John Golding Pat Williams Wardens (ex officio) Diane Chadwick Mandy Rushton Stephen Hamer Elaine Greenhalgh Vahid Vetrishiraz (from May '22) Ina Fletcher John Golding Lis Hunt (up to May '22) Yun Tham other elected members: Betty Bamford Eirina Maginn Miriam Higham John Sloan Zohreh Nekouei Tom McGuinness Mike Guest Andrew Parlington Irene Glassbrook Sheila Marland Nonelectedl ineligible to vote: Claire Ree (PCC Secretary) There is one clergy member, Revd Julie Shepherd, who is retired and non-stipendiary {and as such does not have a specific li￿nse to the parish) and does not wish to take Ihe option of being co-opted onto the PCC. Page 4 Parochial Church Council of the Ecclesiastical Parish of West Bolton year ended 31 December 2022 REPORT OF THE TRUSTEES The members of the Parochial Church Council (PCCI, who are the Trustees of the Charity, present their annual report and financial statements for the year ended 31 December 2022 Structure Governance & Mana ement The PCC ofwest Bolton is an independent charity which is part of the Diocese of Manchester within the ChLJrch of England, registered with the Charity Commission as charity number 1131301. The method of appointment of PCC members is set out in the Church Representation Rules. Charitable Ob'ectives & Princi al Activities The primary objective of the PCC is the promotion of the Gospel of our Lord Jesus Christ according lo the doctrines and practices of the Church of England. The PCC (Powers) Measure 1956 states that Ihe PCC "is to cooperate with the minister in promoting in the parish the whole ission of Ihe church, pastoral, evangelical, social and ecumenical". The main activities of the church include regular public worship open to all, pastoral work including visiting the sick and bereaved, leaching of Christianity through sermons, cou rses and small groups, taking religious assemblies, the provision of youth work with a Christian ethos, Promotion of Christianity through the slaging of events and meetings, the distribution of literature, promotion of the whole mission of the Ghurch through provision of activities for senior citizens, parents and toddlers and other marginalised groups suGh as the homeless, supporting other charities in the U.K. and overseas such as our mission partners, HAFWAY youth project, sponsoring children in developing countries etc. The trustees have referred to Ihe information Gontained in the Charity Commission's yeneral guidanGe on public benefil when reviewing the aims and objectives and in planning future activities. The trustees believe Ihat the activilies carried out benefit the public by providing opportunities to meet as a community, lo serve one another and to provide service and otherwise assist those individuals in need because of social exGlusion, poverty, disability or lack of opportunity. Page 5 Parochial Church Council of the Ecclesiastical Parish of West Bolton year ended 31 December 2022 Achievements & Performance Review of the year Now it springs up,. do you not perceive it? l am making a way in the wilderness and streams in the wasteland. Isaiah 43." 19 Bolton Team year verse for 2022] As 2022 began, we were beginning to breath a collective sigh of relief as we moved to some kind of new 'post-Covid' normality. We could not foresee the new Ghallenges thal would present themselves to our church members and local communities through the effects of war, economic crisis, and government policies. There would still be plenty of 'wilderness' to negotiate through the guidanGe and enabling of the Lord. Worship and Prayer In 2022 we remained committed to a policy of a 'mixed ecology, of worship and prayer, continuing to livestream a Sunday morning service from around the team each week for those unable to join us in person. Many regular services resumed, while other new ones began most notably the growing Sunday evening songs of praise service at Kenyon Rise led by members of St George's. At the end of the year we saw a welcome return of Messy Church in st Thomas School, and there were other specials such as Christingles and café churGh services both inside and outside of our normal church buildings. The EleGloral Roll of the ream (those who identify themselves wilh the worshipping Gommunity) for 2022 stood at 241 compared to 240 at the end of 2021. Fellowship, Nurture and Leadership Development Many home groups had now returned to meeting'in the flesh,, others stayed online, while some managed a hybrid mix of the Iwol Cross-team Lent courses and Advent courses were held, and drew new attendees this year who had not eXperIen￿d them before. a welcome development. The Church of England's course on the areas of gender, identity, and sexuality called 'Living in Faith and Love,, was studied by those who had not had chance to do so in 2021, while others undertook a related 'Difference Course, with other members of our Bolton Central Mission Community and found it to be stimulating and helpful. Meanwhile specialist non-English medium courses and groups were held at Emmanuel and at Sl Luke's, including a Farsi-English Alpha Course which led to several candidates being baptised, and others being prepared for Confirmation in January 2023. The encouragement of churGh members to take up appropriate training and study outside of the local church continued to be a priority for us this year. As 2021's cohort of new Authorised Page 6 Parochial Church Council of the Ecclesiastical Parish of West Bolton year ended 31 December 2022 Lay Ministers found their feet in their wide variety of new roles, in October 2022 they were joined by our first ever ALM in Ecology and Creation, Mr Ronald Berry. Between them Iheir various ministries enable us as a Team Parish to keep aware and active in all the 'Five Marks of Mission, of the Anglican Communion - to proclaim the Good News of the Kingdom., to teach, baplize and nurture new believers- to respond to human need by loving se￿iCe-, lo seek to transform unjust structures of society, to strive to safeguard the integrily of creation and sustain and renew the life of the earlh. Across two Sundays in Summer 2022 we had the joy of two trips lo Manchester Cathedral for the ordination of Rev Margaret Irwin as Ordained Local Minister, and for the licensing of Lizzie Bomber as Licensed Reader. We were also delighted to have Stephen Namer accepted for training as an OLM at Emmanuel Theological College. Iwission and Outreach Mission and outreach continued to be a major feature of our life together, with different expressions in each of the five churches. This year these ranged from 'intentionally Christian, Tots Groups with stories from Wiggle the Bible Bookworm, lo coffee mornings and cafes, and a wonderful International Festival at Sl Thomas, Church and school in the summer. This latter was one of the last special contributions of Rev Layfetla Masih, before we saw Layfetta seconded off to serve and lead al the Seven Saints Team in our Deanery for the final year of her curacy. Following on from the successful 2021 team training day facilitated by a team from Operation Mobilisation, in 2022 we held an in-house day looking deeper into some of the issues and challenges that were raised. New ventures have continued to develop as a result. Outreach to the elder5y, the young, and the newcomer continued through Light Parties, Coffee mornings, youth clubs, Farsi language groups and more. Service For some church members this is primarily through their place of work., for others it is through voluntary service within and outside the church. This year we were pleased to be able to recruit further able School Governors from our Congregations for our to linked Church Primary Schools, something many parishes struggle lo do in the present Climate. As we look into the new year, we will have new members of our collective worship assembly team as well. There continue to be initiatives of our own such as ESOL classes, as well as many partnerships with local Gharities and organisalions, some are longstanding such as the ones al St Paul's with HBS, HHH and HAFWAY, while others are with new groups using our premises for the young, old or needy. One 'firsl' for 2022 was a combined Saxophone Group and St Luke's Church Christmas carol singing event al a local superstore in aid of a national Gharity. The Parochial Church Council plays a vital role in our service, and here we need to note the willingness and flexibility with which our PCC members continued to adapl lo the challenges before them. The able help of Claire Ree and Rev Michael Taylor, our PCC Secretary and Treasurer has made a huge difference to our continued healthy functioning. There have been many unexpected challenges this year in relation to both income and expenditure (utilities, insurance, new parish share calculations etc}, and we want to pay tribute to their hard work and that of our five individual church treasurers in this regard. Page 7 Parochial Church Council of the Ecclesiastical Parish of West Bolton year ended 31 December 2022 Future Developments At the beginning of 2022 our new Mission Community 'went live, as parl of our new enlarged Bolton Deanery, and our own Rev Layfetta was a moving force in an excellent launch event at our neighbours St Peler's Halliwell. A Mission Community Leader was appointed part way through Ihe year- Rev lan Hepburn. Lecturer at Bolton Parish Church, and we acquired a new name 'Bolton Central Mission Communtty., Regular ministers, Tneetings have now begun, and we continue to work towards developing areas ofco-operation in mission with our neighbouring churches, especially as longstanding vacancies of incumbent have now been filled in eighbouring parishes. Our year verse for 2023 is a prayer of the Apostle Paul which seems well suited to the challenges and uncertainties which lie ahead in the New Year, while refocussing us on the true source of OLJr strength, hope and confidence for whatever we may faGe as individuals or as a church family.. 'May our Lord Jesus Christ himself and God our Father, who loved tjs and by his grace gave us eternal encouragement 8nd good hope, encourage your hearts and strengthen you in every good deed and word., 2 Thessalonians 2.. 16-17 Financial review Total income for the year was £ 229,97712021 £240,012], a reduction of £10.035, mainly due to a reduclion in 'Grants' received and 'lncome retained in Subsidiary company,, offset by an increase in 'Rents receivable- non- church groups,. Total expenditure for the year was £222,766 [2021 £244,975] a reduction of £22,209, mainly due to a reduction in expenditure relating to Church buildings and Grant5 and donations. Income above thus exceeded expenditure by £7,211 enabling the Parish to meet the Diocesan Parish Share of £90,695 in full, a considerable achievemeni given the harsh economic climate. The Market value of Fixed Asset Investments fell by £55,052 during the year, compared with an increase of £34,360 in 2021. Overall, there was a net reduction in funds of £47,841, compared with an increase of £29,397 in 2021. The PCC is not aware of any major risks that have not been assessed and acted on. It is notified of any H&S issues which arise and deals with these promptly and efficienlly. Page 8 Parochial Church Council of the Ecclesiastical Parish of West Bolton year ended 31 December 2022 We are compliant with all the relevant requirements such as Health & Safety, employment law. charilies act, child protection etc. and have policies and procedure in place for these. The buildings are in reasonable repair with some minor repairs cropping up occasionally. Reserves Polic The PCC recognises the need for the Charity to establish and maintain reserves to enable it to continue to carry out its charitable objectives in the event of unforeseeable matters arising. Funds thal are designated but not restricted are used in line with the purpose for which they were reserved. Any alternative use would be agreed by the PCC. Reserves brought into the charity from the separate churches have been treated as designated funds to enable a fair allocation of resources across the team. The PCC agreed the following Reserves policies al the meeting held in November 2016 Team General Fund 11 is the policy Df Ihis PCC to hold in reserve the eq uivalent of six months, general running costs and salary costs, which would be c£13,000. This amount should also Gover any additional work required on the vicarages. The current level of team general funds is still below this level. Local Church General Funds It is the policy to build up and hold in general reserve the equivalent of three months, running costs for each church. In addition any costs expected in the subsequent year for major and minor works to be funded should also be held in reserve. The PCC requires monthly updates from the local sub-committee about the progress of the build-up of reserves. This policy will continued to be monitored and reviewed. The movement on reserves of the charity is detailed in note 10 to the financial statements. statement of Trustees, res onsibilities Charity law applicable in England & Wales requires the trustees to prepare financial statements for each financial year in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢￿pIed Accounting PractlGe), which give a true and fair view of the state of affairs of the charity and of its financial activities for that period. In preparing those financial statements the trustees have:_ selected suitable accounting policies and applied them consistently., observed the methods and principles in the Charities SORP., made judgements and eslimates that are reasonable and prudent; Page 9 Parochial Church Council of the Ecclesiastical Parish of West Bolton year ended 31 December 2022 stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepared the financial statements on the going concern basis unless it is inappropriate lo presume that the charity will Gontinue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports} Regulations 2008. They are also responsible for safeguarding the assets ofthe charity and hence for taking reasonable steps for the prevention and deteclion of fraud and other irregularities. Approved by the PCC on 13th March 2023 and signed on their behalf by Revd Stephen Tranter & Mr Malcolm Walker PAROCHIAL CHURCH COUNCIL OF WEST BOLTON Page 11 BALANCE SHEET AT 31 DECEMBER 2022 Note 2022 202f FIXED ASSETS Tangible Investment TOTAL FIXED ASSETS 2,007 392,856 394,863 2,007 452,908 454,915 CURRENT ASSETS Debtors Cash al Bank and in hand- Charity accounts Cash at Bank and in hand- Subsidiary accounts 11 7,353 228,746 2,808 238,707 2,535 212,177 11,600 226,312 LIABILITIES Creditors.. Amounts falling due wlhin one year 6,369 6,185 NET GURRENT ASSETS 232,338 220,127 TOTAL ASSETS LESS CURRENT LIABILITIES 627,201 675,042 Creditors.. Amounts falling duo after mole than one year TOTAL NET ASSETS 627,201 675,042 FUNDS UnreslriGled Reslriclecl Endowm@nl Helcf in Subsidiary company 10 192,035 92,229 340,329 2,608 627,201 180,819 94,734 387,889 11,600 675,042 10 11 Approved by the Parochial Church Council on 13th Manh 2023 and signed on behalf by.. Thè notes on p8ge$ 12 10 19 fomi part of these accounts PAROCHIAL CHURCH COUNCIL OF WEST BOLTON STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 Docembor 2022 Paga 10 Unreslricted Restrict8d Endowment Subsidiary TOTAL Funds Funds Funds Funds 2022 Funds 2021 Not• INCOME Donations, grants & legac58S 21al 156,218 S.201 162,419 180.B62 Fundralslng Income 21bl 33,712 9.334 43.046 17,445 Income frun Investments 21cl 11,945 11,948 11,993 Church ￿tIVitIeS 21d) 8,028 8.028 13,234 Income retained In Subykliary cyJmp8ny 4,536 4,536 16.478 TOTALINCOME 209,903 15.538 4,536 229.977 240,012 EXPENDITURE Grants and donations 31al 8,927 10,970 19,897 28,029 Fund Raising Costs 31bl I,(X)6 1,094 2,100 Chur¢h Aclivilies 31cl 182,919 4,322 187,241 200,034 Expendlture by Subsidiary. company 11 13,528 13.528 16.912 TOTAL EXPENDITURE 192,852 16,386 13,528 222.766 244,975 NET INCOME I IEXPENDITLIREI BEFORE GAINS I ILOSSESI 17,051 18481 18,992) 7,211 14,9631 Gains I ILoss&81 on Investrnents 13.9121 13,5801 147,560) 0 155,0521 34,360 NET INCOME I IEXPENDITUREI BEFORE TRANSFERS 13,139 14,4281 147.560) 18,9921 147,8411 29,397 Transfers between funds 11,9231 1.923 NEf MOVEMENT IN FUNDS 11,216 12,5051 {47,5601 18.9921 147,8411 29.397 BALANCES BROUGHT FORWARD AT I JANUARY 2022120211 180,819 94,734 387.889 11,600 675,042 645,645 BALANCES CARRIED FORWARD AT 31 DECEMBER 2022120211 192,035 92,229 340.329 2.608 627,201 675,042 PAROCHIAL CHURCH COUNCIL OF WEST BOLTON Page 12 NOTES TO THE FINANCIAL STATEMENTS For the yèar ended 31 De¢ember 2022 ACCOUNTING POLICIES Th8 wndplo accounting ￿[Cl&S adopted in the prep8ralion oflh8s8 finawknl s18lem￿lS are set ¢xJl b8low and h8V8 b88n applicd (x)n8181enilythroughout the ytar Basis of aration Th8 financial sialemenls have bpen prepared on a golng concem basis, in acCOrdar￿ wlh the Slalemenl of Recommended PO¢1￿.ACCo￿n11ng and reporfing by Charities 2015 IFRS 1021.. thé Church Acco￿ling R￿ul￿tionS 2006, t1￿ GharilS8s Act 2011 and applicable ac¢ounling st8ndards In Ihè UK. They have bgen prepared under Ihtr h1810rical cost c(Mvention except for the valuation ol inv8sim8nt assets. wthi¢h are shovm al Ma￿81 value. The finan￿31 stal￿1￿nts Includo &1 tr￿52ClI0ns, assèts and li8bililies forvthich thB PCC is r88ponsilJle ip. Igw. They do noi indu¢Je Ihe accounts offjthjrch groups that owe thetr Ma￿ aifilrdlion 10 8nolher bodv. nor those that are inform81 aalherinos ol Church members. The ch8rilabie 8cUvilles orthe PCC include ￿nnIng actiwtles such as g dtOP4ft, Wedné8day dub. luncheon dub, youlh grows and lots group. For inl&nal reportlng those groups are expocted lo make a contribution 10 the runnlng cosls of the buildings by paying a notiorHI rent lo Ihe PCC. The a￿O￿nts of Ihestr groups we Gonsolldaled iDlo th8￿ fi￿ar￿al slalement& Fund accountin Endowmtrnt fvnd# are fvTrls, the capital of whlch must b6 main¢ained. Invaslmenl Income may be ￿ed eilhtrras rèstrlcted or unrestriGW funds d&pan(Ing up(￿ tx1￿$& forwthkh th8 8nd0￿ent was establIsh￿. R•strlct6d funds represent181 Ir￿)ma fmm INs1s or ènd0￿M￿￿S whlch may be exp¢ndad only on Ihos¢ reylrlcted aclDiities p￿ded In the terms or Ihe Irusl or baou&sl. and Ibl donalions or grants recalved for a specmc twtPOSB or Inv118d by the PCC for a $pecifk purpose. The funds Tllay only b@ trxpended on the purposè for whlch Iheywere gThien. Any ba5ance al ih8 &nd of the year is carrted f¢pward lo future years. The PCC the5 not norfftglly iTWeS18ar*) fund sep8raWy bul the InvÈ8imont incom8 may be Unrestricted lund8 are generdl furtds which can b8 US8d for PCC ordinÈry puws88. Incomin resources Pl8nr￿ gI￿n￿. co118cllons and donations arè ffjcognised when recep￿d. Tax refunds are recognised whgn Ihè incomlng resou￿8 lo whieh thèy ￿la[tr is recoived. Grants and18gaclas are 8c¢ounl8d forwhen the PCC is ￿gallY enlllled lo th6 amounts. All Olher income i& r8CWll8ed Wh￿ it is reoeived, ResoLJrces ex ended Grants an(f donat1(￿$ are accounled forwthen p9id ovtsr, or when awarded, rfa ￿ndIng obllgalh)n on the PCC exists. Amounts rec#l￿d and SubS￿￿6n11Y expended £p8cificalyfor a Tnisslon ar6 dealtwilh as rèsthdèd funds. The p8rish share is account8d forwhen pey4*)b. No provision 18 made for any parish share wFMeh may be reqtsstèd bul 1$ unp8* by the dale the DioGe closes Its records f(Y ? parbcular year. All olherexpendiiurè Is gener811y recOg￿lse￿ vth8n11 Is incurred. Flxed As Conseciated and banéflce property is not Induded in IhÉ ac¢wnts by5. 10 of tha Ch8rll*s Act 2011. The Parish CeDlr8. Is physicaly attached lo Sl Luke's Church, is own8d bythe DIoc8se 8nd is considered part of the cons8craled building, hence axcluded from thesa accounis. Olh6r propertles which (k> not fottn 8n Integ¥81 part ¢AthÈ cons@cra￿d prop8rty ar6 oonsidered funtllon81 a8$6ts and are indudéd In the balance sheet at elther casl less accumulaled depr￿￿￿tIon or PCC v8lvAlinn. DefxEciatiOn Is chary6d 80 88 to write off lh8 burfding É18menl over Ils gstimated useful life of 50 years. land is not depreclaled. There are I￿￿fUt￿li0naI bulldin9s ownsd bythe team- Sl PduI'8 Paiish Centr6 and St Paul's Community Cenlre. LitnllBd Informallon is 8vailBblts aboui Ihe cosiof Ih8s8 Iwo dings whlch dala back well ov8r 100 years. Extensivewotk has been Garrbed out period￿allY ¢0 malnlaln the buildlngs and keep up 10 da￿ with legisl81ion. Thgy Bre lrtclud8d wilhin Ihe 8ccounis ai a noiknn81 cost of £1.000 each and art not daprecialed. The op8n marf(et valu81ion of Ihe properties wlll be $ionlfi¢anllydiffèr&ni lo these reurded values bul Iha PCC do8s nol c¢nslder it good use of the Charilws asse15 to pay for regu18r v8lu8liL￿5 85 there 1$ no Int6ntion to setl eilh8rbuil(liry. PAROCHIAL CHURCH COUNCIL OF WEST BOLTON Page 13 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Decernber 2022 ACCOUNTING POLICIES {conLI Fixed Assets conl. loveable church fuinishlngs held by Ihe Vicar and Churchward8ns on special trust lor tha PCC and vrtiith requir8 a lacully f dEposal are Inallènabl& woperty, ￿sted In the chU￿h hvénw. Thèse are not includad ￿thIn Ihe accounts. Other as5els which are used on 8 continuing basis forlhe wDrkof the PCC, such as aUd￿l¥18￿al equipment. vehicles and cert8ln rutnilure and aquitmenl In funcUon81 buildings are considereo luncllonèl assèts and these are Included Ihe b818llCo sheet ai cosl ￿sS eccitmulsiad dapr8clalion. IteFnS costing less Ih8n £5,000 are n(* capitslised. bul thwlllen off as revenue expenditure in the year ol 8¢qulsilion. DepreGialion15 provNJed In orderto writ8 off the ¢osl 8118rlaklng account of scrap vaues over lh6 e%pe¢twJ useful live5 as follows.. E￿¢tr(yE￿ equipmoni 20Yts and 33.3% Fvrnilure I Investments Investrnent5 3r£ valu￿1 al markéd vakjtr ai 3151 De￿mtr￿r. Consolidation The PCC18 th8 beneficlal owneraf 100% ofthe sharès ofSI Luke'$ Communllywork Co Ltd, È tixnpany operallng a charity shop. Thal comp3ny is run Independently and 1$ not Itse*[ a Gh8tity. Each year11 donai08 a proportlov ol Ils profits lo th8 PCC, wlb wslrlciion that Ihey are lo be used for Ihe local carntTrunlty, as detailed In note 10. The inoome and expandilure and assets of th9 company ar¥ ci)nsdidaled into the PCC 8ccwnls 8s dalailtd In T￿le 11. PAROCHIAL CHURCH GOUNCIL OF WEST BOLTON Page14 NOTES TO THE FINANCIAL STATEMENTS For the year trnded 31 Decembèr 2022 INCOME Unrestrlcted Restrlcted Endowment Funds Funds Funds TOTAL FUNDS 2022 2021 21al Donatlons. grant8 and lega¢le5 Planned glving by grft aid R8latBd income tax Pltnned g*wng not by glfl ald Collections- Gash on pl8ie Donations. 8ppeals,Ètc. L8gacies Grant5 62,966 22,809 16,976 14,972 8,952 62,966 23.188 17.616 14,972 13,134 71.048 22.234 16,e92 10,611 12,886 379 640 4,182 29,543 156.218 1.OIK) 6,201 30.543 162,419 47,3g1 180,862 21bl Fundra151ng Income Rent rÉcuvable- non.church wp5 Fun¢Sralslng incj d*dty slw 29.S52 4,160 33.712 29,552 13,494 43,04 6.631 10,814 17,445 9,334 9,334 21¢) Ineome from Inve5tmonts D1vrde￿dS Inleresl 11.636 309 11,945 11,636 312 11,948 11.970 23 11,993 21dl Incomè from church acllvltl88 Orop-ins. youlh 9roups and similgr Ronl ￿CeIVa￿￿- othercliiisiian ory8ntsation Slalutory FÈÈS IWf*ddings & Funerals) Sundry Inceme 1,055 6.725 2,135 3,319 13,234 5,820 2,208 5,820 2,208 8,028 8.028 TOTAL INCOMING PCC RESOURCES 21el Gr8nts 8MBC Covl(*19 5upp(Yi English Herltsge Councd For Sou81 Aid ICSAI DCMS M8nchesler Dk>tté86 AMrewChrfstlan Trust 2,667 2,e67 43,411 3,gBO 5,000 280 6,250 15,346 29.543 1.000 6,£￿10 280 6,250 15,346 30,543 00 47,391 PAROCHIAL CHURCH COUNGIL OF WEST BOLTON NOTES TO THE FINANCIAL STATEMENTS ICONTINLIEDI For the endèd 31 Decèmber 2022 Pag8 15 EXPENDITURE Unrestilcted Restricted Endijwment Fund$ Funds Funds TOTAL FUNDS 2022 2021 31al Grants and donallons Christian r81i81, devélopment and mls*on Secular agencle5 6,985 1.942 8,927 8,303 2,667 10,970 15,288 4,609 19.897 20,961 7,068 28,029 31bl Fundralnln9 CO$t8 Fundfaislng evgnls 1,006 1,006 1,og4 1.094 2.100 2,100 31cl Church actlvit165 tittesan Parish Sh8r8 Assislant siaff Cost5 Clergy e¥4)8ns&s & Mtarage Church buildings 90.695 405 10,695 ).695 540 10,763 93.411 ,525 11,338 135 27,759 13,715 15.222 1,877 1.796 27.759 13.115 16,575 2,821 1,796 Insura￿ Ropairs. Tha￿￿nanC* and deankng Churchyard and Church grounds Cost ol church servite$ Drop-ins, youth groups & slmllBr Admlnlstraiion Legal & Prof￿slOn￿l siaff costs re PCC adminislr8bon P8rish Itaining & educatlon 18,629 12,740 34.744 2,579 2,893 1.377 3,917 1,500 11,895 .8,486 200.034 1,353 944 6.134 1,527 12.395 242 6,376 1,527 12,395 2,279 187,241 1,580 4.322 182,919 TQTAL PGC EXPENDITURE PAROCHIAL CHURCH COUNCIL OF WEST BOLTON NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI For the year anded 31 DeGembÉr 2Q22 Page16 NET INCOME I IEXPENOITUREI FOR THE YEAR TOTAL FUNDS 2022 2021 This Is slated after ¢haryiNg Indspendenl Examiners F888 Accountancy Trustees remun8ration 7¢J) 700 PCC m8mbers were ieimbursed monies paid on b8hall of the thurch. None were paid tiavelling or 8ubslslen¢e costs. Th8re were no other dlsclos8ble transactions In respect of PCC members, persons dosely connèctsd with them. or other related parbe$ TANGIBLE FIXED ASSETS Drop"in centre Furniture equlpment & Flttlngs 2,319 7,915 Audio Vfjsual &IT Land & Bulldlngs Total 2.000 Cost 1 January Addition8 Disposals Cost 31 D8cetnber 15,883 28,117 15,883 2,319 7,91 S 2,000 28.117 nepr8Clatlon I January R6lease¢t on disposal Charg8 for the ￿ar DePre￿al￿on 31 Décember 15.878 2,319 7,913 26,110 15.878 2.319 7.913 26,110 Net bwk value 3108cember 2022 2,000 2,007 Net book value 31 Oec8mber 2021 2,000 2,007 FIXED ASSET INVESThEhlTS Unrestrlctèd Re$trlcted Endowmènt Funds Funds Funds TOTAL FUNDS 2022 2021 Nlarket value 8118t J8nuary Transfers out durSng the year Galns I Ilossesl on r&valuali¢)n Mark8t valuÈ at 31st December 34.472 15,0001 3.912 25,560 30.547 387,889 452,908 Is,0001 55,052 392,856 428,548 110,0001 34.360 452,908 3,5801 26.967 47,560 340,329 DEBTORS Unr•strl¢ted Restrlcted Endowmenl Fund8 Funds Funds TOTAL FUNDS 2022 2021 Glll aid recoverable Parish Share Cr6dll 5.255 2,098 7,353 5,255 2,098 7,353 2,535 2,535 CREDITORS Unrestrfd8d Re$trlct8d Endowment Funds Funds Funds TOTAL FUNDS 2022 2021 Amounts falling dug wlthln one yoar L08ns- repayments due wllhin 1 year CredSlors r8 funerals and mlssion agencies Accruals 1,476 174 4,S35 6.185 8,369 6,369 6,369 6.369 Amounts falllng due aftèr more than one year Loans Dur¢ng 2019 8 ltsan w88 received from the Dlocasan Pastoral Grants & Loans 5chem8 to help pay for roof work at Sl Georges. The k)an Wds r8P8yab18 ip monthly Énstallments over 3 years, ￿MmenC1ng in July 2019 and ending in June 2022. PAROCHIAL CHURCH COUNCIL OF WEST BOLTON NOTES TO THE FINANCIAL STATEMENTS {CO￿nNuE0 For the year eftd8d 31 December 2022 Page 17 CREDITORS leA)nt.I TOTAL FUNDS 2022 2021 Summary of loaNs Balance 811 Ja￿uary Repayments mad& New108n re¢elved Balan¢• at 31 Dec8rnb8r R8paymenl due within one year Balanc8 due 2fter mora than one y08r 1.476 11,4761 8.010 14,5341 1,476 1,476 ANALYSIS OF NET ASSETS BY FUND Unr8Strlcted R&strlcted EndowmÉnt Sub8ldiary Funds Funds Furtds Funds TOTAL FUNDS 2022 2021 Tangible Fixod Assets Inv8slment Fix8d Assets Currenl Assels Llabllllies wilhin one year Li8bililies > one year 2,007 25,560 170,837 16,3691 2,007 392.856 238,707 16,3691 2.007 452,908 226,312 16,1851 26,967 65,262 340,329 2,608 192,035 10a ,229 340,32g 2,608 627,201 675,042 FUND MOVEMEMTS Investment Galns I Iltsss851 Per Nol8 10b Balance 1stJan Income Expendllure Tran8fers Balance 3181 Oe¢ Endowmerf- stThomèb HdyH¥knJr En4ownM•ntfund$-Total 387.889 3&7.889 147.MOI (A7￿60) 340,329 341,329 Re8ifits*d- Emmanuèl legacy re bulldlng Rfrslrlcted- Emmanygl communiiyprdiBCts D R&%tri¢ted- EMmÈnuEI tg?chlng ￿OILqh RestriEiod-81¢gorg8 bu1￿1￿0 Rgslricled-SIQBorg8 h¢)mg n￿SSIon R@s1[￿le￿. SIGeorge CAP Reslrbtt46- SlÈ8orgo Marsh R&3lncted-Sl Luke RÈsthctéd-Sl Luke COtrimunilywLYk RestsIci￿- si Luke rn18￿0 Rg$1iiclgd. SIPaul¢hurchfabil¢ Rè$iiiQ¢d- &ThomÈ8JRCtr)ss re YfJUlh Rèsrricièd Its￿d8-Total IS.773 210 3.￿0 14.655 195Ql 3.060 5,691 3.?86 2.120 1A02 1.582 32,644 346 1.246 2e,967 92.229 1.000 1,990 3,428 2,120 1.622 1,562 30,216 575 1.712 30.547 94.734 (1201 g.334 2,339 875 12,7781 14,1281 5,535 726 P,067} 13,58Ql 13,5801 1&538 116,386 1,923 OèsvJh$isd- knvaBlm8nlknJfix￿ Des￿n£t£d- Ernmanuel Dpslgnal￿-8t G8oroÈ Desiuna18d- Sl Luke 09s￿￿al&d- SLPaul DB$ignated- SITtb)m18 DesvJnatad-T8am mL%slond0wBiopn]￿t Ggner81- WesiBOlto￿ Team Unfqsfrtol8d lund$-T4181 2,006 10,535 14.fj99 37,126 59.283 37.756 15,193 4.241 18ts,818 32,618 27.076 13.5S3 36.055 21.992 127,0481 14.689 14.959 52,622 56,617 31.84fj 15.193 4.1￿j 182.035 355 155.0111 11.5021 P3,715} 8,598 21)9.￿3 I22,7￿) 192.as21 19.972 3.9121 TO1￿ PCC PU￿d& 66J.4I2 25,441 1209,2381 ,052} 624,59) Sub51dlwy lundslNotg 111 Con$of(dalgd 11.600 674042 4￿38 229.917 2.f08 627301 1222,7fj61 155.0521 AéeseAipUonoleath of the9e[￿d$ iyqiven lTrnotè lob a surnm&ryof thetotal io thurth 13￿ven in note 10c PAROCHIAL CHURGH COUNCIL OF WEST BOLTON Pagg 18 NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI For the year 8Mded 31 Decembar 2022 lob FUND DESCRIPTIONS Al gndownFenl Funds An endowththwas e8iobllshed6wra1 year8 ago f￿￿Wingthe 9ale of la￿ n&arSIThornas' knoWn39 HdyHatboui. Thè rekqted &99•1 is hEtd bylhe Diwg%¢ In lorihe PCC ynd knvÈthd￿lh CCLA cap1￿1 Is r8tsi0gd thtdfvld8nd$ forrn partof thÈdesbJnatgd It￿Y￿￿oI St ThDmas'. Bl Reslricled Bullding Funds Fund8doDatad ftrspèclfiGWQtkon bJllding Imwovfjmenis &rtd majorrgpwtsar& tre8ied86 reEtrKW. ¥Yith a swarate fund foreath bLIKlng. Ekp¢ndaur& 1$ 3P￿ated Vdhen Incuried énd ￿5￿nI b&lance¥8re cavriedfopward farfU￿re bulldlnowork. ci st Luke's Communtywork st luke￿ Ch8ilty£hW is WÉrnted throughs vtholly0wn￿ subsl(4oryUmitad COTllPWy. Th68¢counlsof the subsid￿ryarÉC￿)nE0ll￿al￿ irto Ihe a¢￿￿nIs1)f Ihè PCC 05do￿lI¢d irt nole 11. Piofitsof theSubs￿￿gry￿8 pèdodlcBI￿d0￿atsd to the PCC. and arehold in thL4re9trfcW fund to be sp8nloD Initial￿6$ tosUppOrtt￿ lo￿ c