Page I Parochial Church Council of the Ecclesiastical Parish of West Bolton year ended 31 December 2024 Annual Report & Financial Statements of the Parochial Church Council of the Ecclesiastical Parish of West Bolton for the year ended 31st December 2024 Registered Charity No. 1131301 For approval by the P. C. C. and signing on their behalf by Amanda Rushton Lay Chair
Page 2 Parochial Church Council of the Ecclesiastical Parish of West Bolton year ended 31 December 2024 INDEX Page 3 Pages 4-9 PCC Members Report of the Trustees Page 9b statement of Financial Activities (S of A) Balance Sheet Page 10 Pages 11-19 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 (St 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, BL13BE. Tel: 01204 843060 Email: claire@westboltonteam.org.uk Independent Examiner: Kate Hodgkiss JF Balshaw & Co, 20 Old Kiln Lane, Bolton, BL15PD
Page 3 Parochial Church Council of the Ecclesiastical Parish of West Bolton year ended 31 December 2024 PCC Members PCC members who have served from 1 January 2024 until the date this report was approved are: Clergy (Ex officio) Team Rector: Vacancy Team Vicar.. Revd Canon Rodger Petch Team Vicar: Revd Fayaz Adman Team Curate: Revd Margaret Irwin & Revd Stephen Hamer (from June 2024) Associate Minister: Revd Michael Taylor Associate Minister: Revd Les Allmark (Retired Nov 2024) Representatives on the Deanery Synod (Ex officio): Mary Perkins Maxine Partington Diane Chadwick Janet Hardy Paul Blackburn Wardens (ex officio) Diane Chadwick Amanda Rushton Colin Baguley Yun Than Ina Fletcher John Golding Jenn Mcvey (from April 2024> Other elected members: Betty Bamford Eirina Maginn Miriam Higham (up to April 2024) John Sloan Malcolm Walker (retired Oct 2024) Pat Williams Emma Cunliffe (from April 2024) Mike Guest Andrew Partington Irene Glassbrook Sheila Marland Stephen Hamer (ex officio until June 2024) Claire Hiles (from April 2024) Nonelectedl ineligible to vote: Claire Ree (PCC Secretary)
Page 4 Parochial Church Council of the Ecclesiastical Parish of West Bolton year ended 31 December 2024 REPORT OF THE TRUSTEES The members of the Parochial Church Council (PCC), who are the Trustees of the Charity, present their annual report and financial statements for the year ended 31 December 2024 Structure Governance & Mana ement The PCC of West Bolton is an independent charity which is part of the Diocese of Manchester within the Church of England, registered with the Charity Commission as charity number 1131301. The method of appointment of PCC rnembers 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 to the doctrines and practices of the Church of England. The PCC (Powers) Measure 1956 states that the PCC 'is to cooperate with the minister in promoting in the parish the whole mission of the church, pasÉoral, 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, teaching of Christianity through sermons, courses and small groups, taking religious assemblies, the provision of youth work with a Christian ethos, promotion of Christianity through the staging of events and meetings, the distribution of literature, promotion of the whole mission of the church through provision of activities for senior citizens, parents and toddlers and other marginalised groups such 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 the information contained in the Charity Commission's general guidance on public benefit when reviewing the aims and objectives and in planning future activities. The trustees believe that the activities carried out benefit the public by providing opportunities to meet as a community, to senie one another and to provide service and otherwise assist those individuals in need because of social exclusion, poverty, disability or lack of opportunity. Achievements & Performance Review of the year Our Bible verse (motto) for 2024. 2 Surely God is my salvation,. I will trust and not be afraid. The Lord, the Lord himself, is my strength and my defence,. he has become my salvation., Isaiah 12.2 (NIV}
Page 5 Parochial Church Council of the Ecclesiastical Parish of West Bolton year ended 31 December 2024 How do we do this as part of the West Bolton Team? By being Good PALS. P - People of Prayer {including listening to God) A - Active in Agape Love L - Lifelong learners S- SeNing in our community Psalm 27 ends: 14 Wait for the Lord. be strong and take heart and wait for the Lord. Watch and pray has been part of what we have been about in the West Bolton Team as the process continues to appoint the next Team Rector. However, we have continued to live as PALS to pray, love, learn and serve. Worship and Prayer Our regular pattern of worship continued working together with SSMS, ALMS and visiting clergy, particularly the Archdeacon, Area Dean and other clergy from the Bolton Central Mission Community. We also offered support to St Margaret's Halliwell and to St stephen and All Martyrs, Little Lever. There were special events through the year and then a special thanksgiving for 150 years of worship and witness from St Luke's Church, Halliwell when Bishop Matthew of Bolton preached. Attendan for online worship varied weekly but averaged 44 across the year The Electoral Roll of the Team (those who identify themselves with the worshipping community) for 2024 stood at 210 compared to 219 at the end of 2023. Fellowship, Nurture and Leadership Development Several house groups at St Luke's have remained active through the year and additional groups formed in Lent and Advent. Through Lent some groups explored More Than Sunday encouraging church members to see their daily activities as a central part of discipleship. In Advent groups listened to and discussed three sermons on 'Heaven' presented by Bishop Graham Dow. As well as the monthly evening worship in Kenyon Rise, St George's Church also set up a weekly prayer gathering there. A Start Course organised by Margaret Irwin was used to prepare two Iranian families for baptism and Fayaz Adman has continued to run online and in person discipleship and study groups for new arrivals and asylum seekers. There were baptisms across the team as well as several candidates committing themselves through Confirmation. The encouragement of church members to take up appropriate training and study outside of the local church continues to be a priority. Stephen Hamer was ordained in June and 7 ALMS were recommissioned to their various roles. Margaret Iwin undertook a placement in Prestwich through Lent and Easter and then gave her energy to pulling together 'history boards, for the 150th Anniversary.
Page 6 Parochial Church Council of the Ecclesiastical Parish of West Bolton year ended 31 December 2024 Mission and Outreach Mission and outreach continued to be a major feature of our life together, with different expressions in each of the five churches. Many of our weekly activities across the team are going from strength to strength -Tots and Co, midweek café, Knit and Natter, Book Club, Kenyon Rise services, HaaY (continuing in the Community Centre until Parish Centre refurbishment is complete), ESOL, bible study, Weight and exercise and youth group to name a few. Connections with the Community Centre continues to provide opportunities for community connections, particularly with Halliwell Befriending Service and High Hopes for Halliwell-being joining in church events. 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, e.g. as school governors. We continue to provide collective worship with an assembly team. There are initiatives within team such as ESOL classes at St Luke's as well as many partnerships with local charities and organisations, some are longstanding such as the ones at St Paul's with HBS, HHH and HAFWAY. The HAFWAY funding application to the government backed Youth Investment Fund was successful, and refurbishment of St Paul's Parish Centre for youth ministry continued through the year and will be completed early in 2025. 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 adapt to the challenges before them, The able help of Team Administrator Claire Ree and Rev Michael Taylor, our PCC Secretary and Treasurer has made a huge difference to our continued healthy functioning. Buildings remain an important challenge with the need to repair then appropriately block up a vandalised window at St Luke's and the ongoing requirement for Quinquennial Inspections and more in-depth examination of leaking roofs and tile slippage at several churches. Thanks go to Ina Fletcher who retired from youth work at St George the Martyr after 48 years, to Marjorie Fletcher after 36 years playing the organ for St Paul's, to Rev Les Allmark who retired as SSM Associate Minister to the team and especially at St Luke and to Maureen Gowland who retired from financial data input. Safeguarding As the safeguarding officer for St Luke's left the area, Janet Whitehouse and Eirina Maginn offered to do the extra work between them. Any issues or concerns that have arisen have been dealt with promptly and passed to the safeguarding team at the Diocese. Any concerns need to be reported to either of these officers in the first instance. The team meet with clergy at least twice a year when they look at any prOdural updates. Everyone working with children or vulnerable adults must renew their DBS and complete training every three years, as do members of the PCC.
Page 7 Parochial Church Council of the Ecclesiastical Parish of West Bolton year ended 31 December 2024 The Church of England have produced an online dashboard, which enables us to record steps that have been achieved, and to see next targets in completing everything needed for safeguarding in the church. It prodUS an action plan for the next stages. Our plan is for all training to be completed for those who need it, also to ensure that safeguarding is clearly visible on the front page of the parish webstte. Future Developments Please pray for our parish representatives- Mandy Rushton, Colin Bagley and Janet Hardy who represent us in the process of appointing a new Team Rector and for Archdeacon Rachel and Bishop Matthew as they take the lead in the process, that together with parish patrons they may be guided to the right person. With the desire to grow younger the PCC have begun to consider the appointment of a youthlyoung family's worker. This is very much at the exploratory stage, Wars and rumours of wars continue to rumble and so our verse for 2025 reminds us: Blessed are the peacemakers, for they will be called children of God. Matthew 5..9 Financial review Total income for the year was £206,513 [2023 £201,526] an increase of £4,987, mainly due to an increase in 'One-off Gift Aid,, see note 2a. Total Expenditure for the year was £222,335 [2023 £220,922] an increase of £1 ,413 Expenditure exceeded Income by £15,822 The Parish paid its Diocesan Parish Share of £76,443 despite the difficult economic climate. Fixed Asset Investments - shares valued at £10,000 were sold during the year, offset by an increase in market value of £10,495 at the yearend. Overall, there was a net reduction in funds of £5,327, compared with an increase of £14,347 in 2023. Risks 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 efficiently. We are compliant with all the relevant requirements such as Health & Safety, employrnent law, charities act, child protection etc. and have policies and procedure in place for these. The buildings are in reasonable repair with some rninor repairs cropping up occasionally.
Page 8 Parochial Church Council of the Ecclesiastical Parish of West Bolton year ended 31 December 2024 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 that 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 at the meeting held in November 2016 Team General Fund It is the policy of this PCC to hold in reserve the equivalent of six months, general running costs and salary costs, which would be c£13,000. This amount should also cover 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 rnajor 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 continue 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 Accepted Accounting Practice), 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 estimates that are reasonable and prudent., 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 to presume that the charity will continue in business.
Page 9 Parochial Church Council of the Ecclesiastical Parish of West Bolton year ended 31 December 2024 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 of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the PCC on 11 th May 2025 and signed on their behalf by Mrs Amanda Rushton- Lay Chair
PAROCHIAL CHURCH COUNCIL OF WEST BOLTON STATEMENT OF FINANCIAL ACTIVITIES Fo¥ tliÈ year ended 31 December 2024 Page 10 Unyeslrrcted Restrlcted Endowment Subsldlary Funds Funds Funds Funds TOTAL 2024 Funds 2023 Note INCOME Donallons, uranls &18oacles 21al 137,408 10.000 147.408 142.433 Fundraising Income 2(bl 23.743 547 24,290 25.769 Income from Investrnenls 21cl 13,996 13,996 12,800 Church adItIes 21dl 20.819 2a.619 20.524 Incoma réleiTrotl In Subsidlgry corrpgny f1 TOTAL INCOME 195,966 10,547 206,513 201.526 EXPEh7DITURE Grants and donallons 3(a) 1.818 14,2 16,106 19,272 Fund Ralslng Cosls 31bl 874 674 1,800 Church Ac15vili88 3(cl 196,223 6,524 202.747 199.850 Expondilure by Sub81dlary company 2.608 TOTAL EXPENDITURE 198,913 20.814 2,608 222.335 220,922 NET INCOME I IEXPENDITUREI BEFORE GAINS I ILOSSESI 12.947) 110,267) {2,6081 115,8221 {19,3961 G81ns I (Losses) on Inveslm¥nts 595 677 9,223 10.495 33.743 NET INCOME IIEXPENDITUREI BEFORE TRANSFERS (2,352) 19,5901 9,223 12,eA181 (5,3271 14,347 Transfers b¢lween funds 111,4811 11,481 NET MOVEMENT IN FUNDS {13.8331 1.891 9.223 12,608) 15,3271 14,347 BALANCES BROUGHT FORWARD AT 1 JANUARY 2024 {20231 186 894 2.608 641548 627,201 BALANCES CARRIED FORWARD AT 31 DECEMBLR 2024120231 173 081 378.311 636.221 841.548
PAROCHIAL CHURCH COUNCIL OF WEST BOLTON Page 11 BALANCE SHEET AT 31 DECEMBER 2024 Note 2024 2023 FIXED ASSETS Tangible Investment TOTAL FIXED ASSETS 2,007 427,094 429,101 2,007 426,599 428,606 CURRENT ASSETS Debtors Cash at Bank and in hand- Charity accounts Cash at Bank and in hand- Subsidiary accounts 11 10,493 202,550 5,015 211,156 2,608 218,779 213,043 LIABILITIES Creditors.. Amounts falling due within one year 5,923 5,837 NET CURRENT ASSETS 207,120 212,942 TOTAL ASSETS LESS CURRENT LIABILITIES 836,221 641,548 Creditors: Amounts falllng due after more than one year TOTAL NET ASSETS 636,221 641,548 FUNDS Unrestricted Restricted Endowinent Held in Subsidiary company 10 170,840 87,070 378,311 186,894 82,958 369,088 2,608 641,548 10 636,221 Approved by the PCC on 11th May 2025 and signed on its behalf by: The notes on pages 12 to 19 form part of these accounts
PAROCHIAL CHURCH COUNCIL OF WEST BOLTON Page 12 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024 ACCOUNTING POLICIES The principle accounting policies adopted in Ihe preparation ol these financial slatemenls are sel oul below aftd have been applied ¢an51slenlly Ihroughoul thè year Basis of re aration The financial slalemenls have bepn prepared on a 90ing ¢oncein basis. in accordance wlh th6 Statement of Recommeiided Praolice "Accounting and reporting by Gh2ri1ies 2015 IFRS 1021" the Church Accounting Regulations 2(K)6. the Charities Act 2011 and applicable accounting standards in tho UK. They have been pftspaied under Ihe hislorical cosl convention excepl for th valuation uf inve51menl assets, which are shown al market value. The financial slalemenls include all Iransaclions. assets and liabililiE5 for whlch the PCC is responsib18 In law. They do not Include the accounts of church groups that owe Ihelr main affillalion 10 another body. nor thosé that are informal galherlngs of ¢hurch membprs. Th8 charitable activities ol the PCC include running adivilies such a5 a drop-in. Wednes(lay club. luncheon club. youth group5 and lols group. For internal reportlng Iliose groups are expected lo make a conlribvlion lo the Nnning costs of the buildlng5 by paying a notional rènt lo the PCC. The accouiils ol these groups are consolklaled into these financial slalemenls. FLind accountin Endowment funds are lunds, the capital ol which musl be maintained. Inveslmenl income may be used either 88 reslricled or unre5triclod funds dependlng upon the purpose for whlch the endowment was eslablish8d. R&strlcled funds represent la} inGorne from Irusls or end¢)wnmenls whlch may be expended onty on those restricted activil*s provided in the terms or the trust or bequest. and Ibl donations or gran15 received for a specilic purpos8 or Invited by the PCC for a spscllic purpose. The funds may only be exp8nded on thè PUTP05e for which Ihey were given. Any balance al the end of the year is carried forward lo future years. The PCC does nol normally invest each lund separately bul Ihe inveslrneTrl income may b& oDDortioned lo individual funds. Unreslrloted fuiids are general lund5 which can be used for PCC ordin8ry purposes. Incomin resources Planned gNing, collecllons and donations are recognised whèn r8ceived. Tax refunds are reLwni50d when thè incoming resou1(% lo which they relate Is receivod. Gran15 and legacAes are accounted for wlien the PCC1s legalty 8nlilled lo lh8 amounts. All other Inoome is recognised whfjn11 Is received. Resources ex ended Grants and donations #re accounted for when patd over, or when awarded, if a binding obligation on the PCC exi51s. Amounts rec6Sved and subsequently expended specifically for a misslon are dealt with as reslricled funds. The parish share15 swunted for when payable. No provislon is made for any paiish share which may be requested bul Is unpaKI by the dale thg Diocese closes ils record5 for a particular year. All other expendiluie is generally recognlsed when il is incurfed. Fixed Assets Consecrated and benelice property is nol included in the accounls by s. 10 of the Charitie5 Act 2011. The Parlsh Cenlre, which is physically allached lo Sl Luke's Church, is owned by the Team and Is considered part of Ihe consecrated building, hence excluded from these a¢¢ounls. Olhei properties which do not form an integral part of Ihe cons8craled property are considered funclional assets and are included in the balance sheet al eilhef cost less accumulaled depreciation 01 PCC valuation. Depreciation is charged so as lo write off the building element over Ils estimated useful life of 50 yeais. larHI is not depiectaled. There ale two functional bulldings owned by the team- Sl Paul's Parish Centre and Sl Paul's Communily Cenlre. Limited information is avallable about the cost of these Iwo buildings which dale back well over 100 years. Exlensive work has been carried out periodically lo mainlaln th6 buildings and keep up lo dale with legislation. They are included wilhln Ihe accounls al a notional cost of £1,000 each and arè not depreciated. The op6n market valuation of the properties will be signilicanlly differenl lo these recorded values bul the PCC does i)ot consider il good use of the Charlly's assets lo pay for iegular valuations as there Ès no intention lo sell either building.
PAROCHIAL CHURCH COUNCIL OF WEST BOLTON Page 13 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024 ACCOUNTING POLICIES {cont.) Fixed Assets cont. Moveable church furnlshings held by the vicar and Churchwardens on specbal Irust for the PCC and which requira a faculty for dispos21 are Inalienable property, listed Sn Ihe Church inventory. These are not induded within thB accounts. other 8ssels which are used on a continuing basls lor the work of the PCC, such as 8udlolvisual equipment. vehicles and certain furnitur8 and equlpmenl in lunclional buildings are considered lunational assels and these are included wilhln the balaneo sheet al cost less a¢cumulaled depreciation. Items Cosilng less than £5,000 ale not capilalised, bul wiillen off as revenue expenditure In the yèar of acquisilion. Depreciation Is provlded in order lo write off the cost after taking account of suap values over th6 expected useful lives as follows-. Electronic equipment 20Q/o and 33.3% Furnllure 10% Investments Investments are valued al rnarked value at 3181 Dewnber. Consolidation The PCC was the beneliGlal owner of 1 OOQA of the shares of Sl Luke's Communily Work Co Ltd, a rnpany run independently which was not itself a charity. The incumbent or lay PCC Chaii l)eld the Company shale in Trust on behall of Ihe PCC. The income and expondiluT8 and assels ol the subsldiary company, whlch had a July year and. was consol4J8led into the PCC acxounls 8s follows. based on management &ccgiJAI infomiallon for the rAlondar yeor. St Luke'5 charity ghop ceased trading in January 2023. The balan of £2.608 was written off in lh8 accounts lo December 2024
PAROCHIAL CHURCH COUNCIL OF WEST BOLTON Page 14 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2024 INCOME Unrestricted Restricted Endowment Funds Funds Funds TOTAL FUNDS 2024 2023 2<a) Donatlons. grants and lagacies Planned giving by gift aid Related income tax Planned givin9 not by gift aid Collections ~ cash on plat Donations, appeals,etc. Legacies On6 off gift ald Grants 55.959 19.482 15,312 15.789 11,588 55.959 19,482 15,312 15,789 11,588 57,655 19,718 19,298 14,146 10,36g 6,462 12,816 137,408 6,462 22,816 147.408 10.000 10,000 21,247 142,433 21bl Fundra5slng Income Ronl receivabla - non-church gTOUPS Fundralslng incl charlty shop 20,900 2.843 23.743 20,900 3,390 24,290 20,835 4,934 25,769 547 547 2{G) Income from Investments DIendS Interest 12.321 1,675 13.996 12,321 1,675 13,996 11.047 1,753 12,800 21dl Income from church activities Rent rocelvable- other Chrlslian organlsation SIAlulory Fèès (Weddings & Funerdlsl Sundry Income 14.546 3,523 2.750 20,819 14.546 3,523 2.750 20,819 16,743 1,315 2,466 20,524 TOTAL INCOMING PCC RESOURCES 5,966 0,54 20 201, 2(È) Grunts BM8C Councll For So¢ial Ald ICSA) Manchester Dlocese Other 2.440 9.576 2,440 9,576 10,000 800 22,816 4,200 10.000 17,Q47 12,816 10,000 21,247
PAROCHIAL GHURCH GOUNGIL OF WEST BOLTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2024 Page 15 EXPENDITURE Unrestricted Restricted Endowment Funds Fund5 Funds TOTAL FUNDS 2024 2023 3{a) Grants and donations Christian rellef, d6velopmenl and misslon Secular agencies 1.816 11. Jf90 2.700 14,290 13,406 2,700 16,106 14,842 4,430 19,272 1,816 3(b) Fundralnlng costs Fundrgising events 874 874 1,800 1,800 874 874 3{c> Church activities Diocesan Parlsh Share Assisl8nl staff costs Cl8rgy expenses & vlGarAg8 Church buildlngs 76.443 569 8,645 76,443 569 8,645 83,721 195 9,167 40,722 11,697 30.868 1,406 2.171 5,939 2.374 14,355 1,034 196.223 40,722 11,697 37,392 1,406 2,171 5,939 2,374 14.355 1,034 202,747 47,828 10,602 21,953 2,204 2,657 5,135 1,677 13,065 1,646 199,850 Insurance Repoirs. mainlenanco and d¢anlTrJ Churchyard and Church 9rounds Cost of Church seivlces Admlnlslrallon Legal & Professlonal Stsff c051s re PCC admlnlslrallon Parlsh Ir8lnlng & educallon 6,524 6,524 TOTAL PCC EXPENOITURE
PAROCHIAL CHURCH COUNCIL OF WEST BOLTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For tlie year onded 31 Deceinber 2024 Page 16 NET INCOME I (EXPENDITURE) FOR THE YEAR TOTAL FUNDS 2024 2023 This is slated alter charglng Independent Examiners Fees Accountancy Trustees r8muneralion 700 800 700 800 PCC members were reimbursed monies paid oul on behalf of Ilie church. Non8 were paid trav811ing or subsistence coslg. There were no other disclosablo Iransactions in respecl of PCC members, persons closety connected with them, or other related parties TANGIBLE FIXED ASSETS Drop-ln Audio Visual centre Furniture &IT equlpment & Flttings 2.319 7,915 Land & Buildlngs Tolal 2.000 Gosl 1 January Addlilons Disposals Cost 31 D8cemb6r 15,883 28.117 15.883 2.319 7,915 2,000 28,117 Depreciatlon 1 January Released on dlsposal Charge lor the year DepTecialion 31 December 15,878 2,319 7,913 26,110 15,878 2.319 7,913 26,110 Nel book value 31 December 2024 2,000 2,007 Net book value 31 December 2023 2,007 FIXED ASSET INVESTMENTS Unrestrlctod Restrlcted Endowment Funds Funds Funds TOTAL FUNDS 2024 2023 M8rkel value at 1 $1 January Transfers out during th8 year Galns / {losses) on revalualion Market value al 31 sl December 27,985 (10,0001 595 18.580 29.526 369.088 426,599 110,0001 10,495 427,094 392,856 677 30,203 9.223 378,311 33,743 426,599 DEBTORS Unrestricted Restrl¢ted Endowment Funds Funds Funds TOTAL FUNDS 2024 2023 Glft ald recov6r8ble Room hire Funeral fee Parish Share Credit 6.592 6,592 4,863 120 74 3.827 10.493 74 3,827 10,493 32 5,015 CREDITORS Unrestrleted Restrlcted Endowment Funds Funds Funds TOTAL FUNDS 2024 2023 Amounts falling due wlthin one year Loans - rep8ymenls due within 1 year Creditors re funerals and mission agencies Accruals 5,923 5,923 5,923 5,837 5,837 Amouiits falling due after moré than one year Loans
' PAROCHIAL CHURCH COUNCIL OF WEST BOLTON Page 17 NOTCS TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2024 ANALYSIS OF NET ASSETS BY FUND Unrestricted Restricted Endowment Subsidiary Funds Fund5 Funds Funds TOTAL FUNDS 2024 2023 Tangible Fixed Assets Investmenl Fixed Assets Current Ass8ls Liabillties within one year Liabilities > on8 year 2,007 18,580 156,176 {5,923) 2,007 427,094 213.043 {5,923) 2,007 426,599 218,779 (5,837) 30,203 56,867 378,311 170,840 87,070 378.311 636,221 641,548 10a FUND MOVEMENTS Investment Gains I (Ioss8s) Per Nol8 10b Balance 1st Jan Ineome Expenditure Transfer5 In I louti Balance 31st Dec Endowment- Sl Th0rn8s Holy Harfoour Endownment fund$. Totsl 369.008 369,088 9,223 9,223 378.311 371J,311 Roslricled- Ernmanuel legaey re bulid5ng Résl¥lcled- Emmanual 18achlng En9llsh ReBlrlcted- Sl Georg9 building R8slrlcled- Sl Georga hom8 m1s81on Raslrlcl8d- St Geofge Marsh Reslrlclod St Luk8 bulldlng R8sirlcled- Sl Luke comrnunllywoTk Reslri¢led si Luke rnl¥sl¢)n ReslrlGled. Sl Paul diureh fabrl Re$lrici•d- Sl Thomas JR Cross r8 Ytsth D R05trl¢t8d fundfi . Total 11.815 1,540 474 3.386 12,0001 9,815 1.540 484 3,386 3,622 1,426 20,641 10,387 3,345 30,203 84,849 10 3.285 27.525 452 1.333 29.526 82,958 4,763 1,287 2,475 2,012 18.147) 18.3821 18.2851 1475) 11,7891 15,745 677 677 10.547 20,8141 11,481 De61gn8lod- 5nve$lmenl In fixed as Deslgnaled- Emmanu41 Deslgnaled . St Georg9 D85ional¢d- Sl Luke DÉslgn8ted- Sl Paul Deslgnaled- Sl Thomas Déslgnaled - A$M Sefjk8r Res•Ne Genartl- Weal Bollon To&m Unro$trlGted funds. Total 2.(7 13.300 20.181 14,252 55,478 34.318 32,159 15.193 186,894 2,007 19,742 23.544 14,277 46,431 21,857 37,759 7,144 173,061 42.950 36.123 69,213 24.991 22.419 135.9451 132,0361 148.3281 131.9261 {32.9721 (5631 17301 120,e601 12,1121 {2,5031 5,600 9,887 111,481) Sg5 270 195,966 117.7061 1198.9131 S95 Total PC¢ Funds 638,940 206.513 1219,72YI 10.495 636,221 Subsidiary lunds (Nate 111 Consolldated Funds 2,608 641,548 12,608) 1222,3351 636,221 206,513 0.495 A d95Gripllon ol 68di of Ihase lunds15 gfvgn In note 10b atyj a 8ummary ol Ihe toial al#[ed lo pach thur¢h 15 gfven in nolo 10¢
PAROCHIAL CHURCH COUNGIL OF WEST BOLTON NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) For the year ended 31 December 2024 Page 18 10b FUND DESCRIPTIONS A) Endowiment Funds An endowmenlwa$ Èstablished s6vgral ye8rs a90 Idlowng Ihè sala ol soma ld near St Th)mas'kn(y•m as Holy Harbour. The rel2¢ed 8S5el is hold hy Ihe Dlooas6 in lrnal for the PCC and invested with CCLd Capitsl15 relaed buldimdends lomi part of the desnated inGotThe ofst Thornas,. B) Restricted Building Funds Fund5 don8t8d for sp&cllle work on bUIng improvamenls 8nd r8palr8 8rè trèated as reslrlcted. th a separat8 fund lor aach INJ110. Exp8ndllure 1$ allocated when Incurred and unspeni balance$ are c8rrlÉd lorward fulure LyNkling work. C> Sl Luke's Community Work Sl Lukg's Ch8rily Shop wass oparaled 11)rough a whdly owned subsidlary Ilmllad tmpanY. Tha of tho subsldJaryw8re consolidaled Inlo the aeeounis of Ihe PCC 08 deialled In note l l. Proli15 of Ihe sub9%11aryre p8rfodlcAllydonaled lo tlie PCC, and wère h8ld In Ihls reslricled fund lo be spent on wii11gts've5 10 supporl the local CommUrl¥. The ¢)gnY cèas8d Ir4dg In January 2023 and Ilia bal8n¢e of £2,608 was Wrillen oll In Ihe account8 to Decambèr 2024 83 slvw In note 11. D) Restricted Funds re Misslon Som8 churchos In th8 188m ¢olk¢l donalions fol tnlssion org8nlsallons or proJ8cts orhav6 prwityjsly 81k¢aled funds to support mlssFon 5nillatFves. Funds are held os reslrlcted balances untll they can bè pald o¥ar10 Ihe reièvani ag8ncy. expand¢d on prola¢t8 or tjnlll sull&bl8 raquo$ls lor fundlng are mode. El Designated Funds invested In flxed assets When a$sel8 hre capila1158d, Ibey 8rq d8pr8d8led over subgèquènt ye8rs. An arT¥ounl ug sel a5wJg In Ihls dèslgn818d fund to cover lfv)sa d6pre¢l8llon chargos. so they are not a draln on g8n8fBI reserves ol 08ch r¢h. ThB balance on Iha rèse8 WIH equ81e lo nel book value ol Ihe related flxed assei. Fl Other Designatad Funds A8 part ol the PTo¢esB of the Pastor81 Sche to brlno Ihe slx chur¢he8 In U)e l•am under tha I0[8 sinole PCC. ItwA$ agreed th81 funds g¢nor8led and 8xpend4d by each church would be held separElely In d9$lanate lund8. so membws could See whl¢h amDunlg rèla18d prlmar#y to whleh congrecdlion3. Al tha lunds 8rg 8vallable at Ihe dlscrelloTh ol Iha PCC bul thesè des{1105 enable lo PCC to consldar eaeh church 181ily. Theso funds r8pre8enl Ihe amounts av8ilable lo the PCC io rneel Its ongelng obligallon5, based on Ihè 8$5umpUon that restrlrAed funds and thosè Invested In Ilxed asset5 are nol avallablo for general use. Some of lh8 lunds have been $pocIIIc8W d891gnaled s8porglely fr( General funds ol the relevant ¢hur¢h, in p8rfcuParwhèr& Iheyorigin8ted from legacles or specllie iyp8s ol don8lions gnd Ihe PCC wlsl)ed lo sèa Ihorn sp8nl on 8peclfjG proloGl8 r8lh8r than gènttral runnlnll M8ts. The PCC will oc¢o$sionallyenSld0r th8 vadosJ5 ILVKl¥ avallable auASnsl tho demands on ils resource8, Is aimlng lo develop a moro coherent p1¢Y r89avdlr Ihelovel of r8seryes he. G) General Funds of th8 Wesl Bolton Team ThL8 fund records Incom& and 8xp8nses relating to Ihe le8m as a r2thgrthan In¢v181 chICheS. Ea£h thjrth makes r•kular conlrSbuiions In prowrtlon lo lis Parish Share. Inrrn from w¢dding8 and funtr45 Is ajso 8WorAled to the leam. Expertlllur8 conslsls of parsonag8 co$ls, team office runnlng costs and a¢covni4nGy lees.
'PAROCHIAL CHURCH COUNCIL OF WEST BOLTON Page 19 NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) For the year ended 31 Dècèmber 2024 10c SUMMARY OF FUNDS BY CHURCH Although the PCC Is a slngle ch81ily. Ihe Ttustea8 finij It helpful lo keep track of Ihe levels ijl lunds attribu1ab to each of the Indivldu81 chuicha5. Th¢ following analysls Shows how Ihe v8riou5 funds ILsied In 0t8 10a are aJ)alysed by Iheir grl9in8ling church or the comblned leam. Unrestricted Restrictod Endowment Subsidiary Funds Funds Funds Funds TOTAL FUNDS 2024 2023 Emmanuel Sl George St Luke St Paul St Thomas Wosl Bolton team Invested in fixed assets Retained in subsidlary company 19.742 23,544 14.277 46.431 21,857 45,203 2.007 11,355 7,492 32,454 3.345 30.203 31,097 31,036 46,731 49.776 430,371 45,203 2.007 26,655 27,669 45,514 56,811 432,932 47,3Jf3 2,006 2,608 641,548 378,311 173,061 84,849 378,311 636.221 SUBSIDIARY COMPANY The PCC w86 the b8n8tldal ownerof 100% 01 the sh8ies ol St Luk•'$ CommunityW¢xk Co Ltd, 8 company run knd8P8nd•nUy ¥h wa$ not Itself a Ghur51y. The Inc¢Jmbenl or lay PCC Ch8lr held 1118 Company shale In Trusl on b8h81fol the PCC. Th& income and 8xp8ndilur8 and assels of Ihg 5ubsldlary company, whlch had a July year end, was cons0lldad Into th8 PCC aoUnts e5 lollows, based on rn8nag8menl accounl Inlormallon lor tha calendar ar. Sl Luko's ch8rily shop ceased trading in January 2023. The balan¢e of£2.608 was written OH In lh8
ccounls to D0c6mb6r 2024
TOTAL 2024 2023 Income Donations paid lo PCC from profits Income retained In Subsldlary Write off ofdoslng balance 2,608 Profll r81ained in Subsidiary 2,608 Reserves relalned in subsidiary blfwd 2,608 2,608 ReSe8S rolained in subsidiary clfwd 2,608 Bank balances to be consolidated Net asse15 to be consolidated 2,608 ,608
INDEPENDENT EXAMINER'S REPORTTO THE PAROCHIAL CHURCH COUNCIL OF WEST BOLTON FOR THE YEAR ENDED 31 DECEMBER 2024 I report on the financial statements of the PCC of West Bolton for the year ended 31 Decernber 2024. Res ective res onsibilities of PCC and examiner As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the ACVI. I report in respect of my examination of the accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. Basis of inde endent examiner's re ort My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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 you as trustees 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 a5 to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Inde endent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect., accounting record5 were not kept in respect of the Trust as required by settion 130 of the Act,. or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts Eive a 'true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Name.. Kathryn Hodgki55 FCA Date.. 215t March, 2025 Relevant professional qualification or body: ICAEW Address.. J F Balshaw & Co, 20 Old Kiln Lane, Heaton, Bolton. BLI 5PD