NOTES FOR ANNUAL REPORT AND ACCOUNTS 2024 Page 1 Most of this information is the same as last year except there has been couple of changes to Church wardens, Representatives on Deanery synod and a few additions to the elected and co-opted members. Page 2 The PCC has a number of committees which meet as necessary and report to the PCC regularly. Finance and Standing Committee: Oversees financial affairs and advises the Vicar and PCC. Prepares the PCC agendas and takes necessary decisions etween PCC meetings. Fabric: Oversees the care and maintenance of the parish church, with the advice of the Architect when required. Outreach and Worship: Helps to plan the implementation of the wider mission of the Church. Makes recommendations about the liturgy and organisation of services. Resources: Concerned with all aspects of Stewardship. Flothe: To foster our link with the parish of Flothe in Germany. There are representatives on the Poulton and Carleton churches together and 2 representatives on the Poulton Partnership. There is a parish safeguarding officer, Vulnerable Adutts Officer and a health and safety officer. which is now Geraldene Greehalgh. Page 3 Nurnber on the Electoral Roll - 248 (as of April 2024) 8 down from 2023 Regular Weekly Attendance was 117 in 2024 5 up from 2023 Review of the year on pages 3 and 4 1 will leave you to read at your leisure. Page 5 FINANCIAL MATTERS Bankers Nat West Bank.Victoria Road, Cleveleys and CCLA Investment Management Ltd (The CBF Church of England Funds) Independent Examiner Nicola Mason from Moore and Smalley Preston The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document. the Charities Act 2011 and 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 Republic of Ireland (FRS 102). At a time when many Parishes are struggling to make ends meet. we remain in a reasonable financial position and have a very great deal to be thankful for. Each year a budget is set for the day to day running of the church. In 2024 it was anticipated there would be a deficit of £19,500.. We did slightly better than anticipated with this years accounts showing a deficit of £18.139. Reserves Policy It is considered prudent to maintain a general unrestricted reserve in the region of £50.000 representing running costs for around 3 months. We currently remain in excess of this figure. A separate Legacy fund, (balance £169.667 at the year end), is maintained as an unrestricted fund, and receives any unrestricted legacies that come in, unless other specific instructions are given by the donor. It is used to fund specific items rather than general expenditure. Fabric Fund (£27,082 excluding investments) may only be used for the repair and maintenance of the Church Building or its contents. Fabric designated Account (£2,992). Funds from these accounts have been used for recent repairs and for the redecoration work Hall Redevelopment Fund, (£7.595). These funds may only be applied for Church Hall Purposes - the hall now being leased to the VPCC. We remain responsible for insuring the building. Carleton Fund (total £160,392 comprising fixed assets £150.000 [housel and Deposit Account £10,392) may only be spent on items pertaining to the Carleton Church Community worshipping at the shared Church of St Hilda's and St Martin's Page 6 This remains the same as 2022. Page 7 Statement of financial activities This page shows information from 2023 and 2024 so comparisons can be made. All income and expenditure are broken down in the unrestricted funds. which can be used for any purpose and restricted funds, which can only be used for a specific purpose. The top half of the page shows all income and expenditure from all accounts held. Comparing 2023 to 2024 it shows- Looking at the total income in 2024, in unrestricted funds is £151 ,084 compared to gJfr9'163 meaning it is £33,936 les than in 2023. And 2024 restricted fvnds £5,557 compared to £5924 is less by £367
Expenditures in unrestricted funds in 2024 is £157.196 compared with 2023 of £161,306 which is less by £4,110 and restricted funds in 2024 £11.818 compared to 2023 £10,363 is more by £1.455. I will go into more detail as to why when reporting on page 11. The second half of this page show the increase or decrease from gains or losses rf st investments were realised on 31 December 20234. For 2024 this would have been an increase of £924. Next section is the gross amount of any transfers between any of the accounts. Lastly shows the balances brought fonmard from 1.1.2024 and what the balances were as of 31.12.23 and therefore being brought fOard to 2025. You will notice and accounting error from 2023 this is 2 transaGtions that were accounted for in 2023 and 2024 by error and therefore have shown as being deducted from the 2024 accounts. So overall in unrestricted funds there is a decrease in 2024 from 2023 by £11,128 and in restricted funds a decrease of £7008. making total funds £18,136 less in 2024 than 2023. Page 8 Balance Sheet This page shows information from 2023 and 2024 and all assets and liabilities of PCC of PLF St Chad and the balan sheet for 2023 show- Fixed assets Property remains the same. Investment assets. Ihere would be a gain of £924 on CBF stock if realised on 31" December 2024 and the investment stands at £12,572 as of that date. Current Assests Debtors are monies that are for 2024 accounts but not received until 2025 and this is tnonies to be received from gift aid of £7,283. Short term deposits are monies held at the CBF accounts, Church of England deposit funds of £291,541. Cash in Bank is monies held in current accounts with the Nat West £26,516. Liabilities are monies that are for 2024 accounts but not paid until 2025 and this the estimated bill for Moore and Smalley for auditing the accounts of £1.176 Total assets less liabilities as of 31.12.2023 is £1,284.037 The funds of the charity which includes all fixed assets and monies on accounts stand at £929,377 unrestricted £3,151 designated £351,509 restricted Which is £18,139 less than last year.
Page 9 and 10 This explains our accounting policies, what we have to adhere to by law and how the accounts are run. It also states our fixed assets and investment properties. Page11 Page 7 is the statement of financial activities and shows the gross totals, of all the subheadings 2a.b.c.ect and this pages breaks down into more details. This show figures of 2023 accounts and 2024 and the details l am about to give is comparisons between the 2 years. l am comparing the TOTAL of restricted and unrestricted funds. Donations and le acies Overall the donations and legacies was £104,612 in 2024 which was less than 2023, £142,377 by £37,765, mainly due to legacies received this year wa5 £1000 and last year was £31.7.50. And donations were down by £5,487. Charitable activities Overall charitable activities in 2024 were £24.338 whilst in 2023 it was'£29.034 meaning in 202 was £4,696 less than 2023. This is due to a decrease in fees and repairs to Roylen Avenue.that was deducted from the monthly rental income. Other tradin NIA activities Investments Interest rates have been increasing and interest received in 2024 was £20.275 whilst in 2023 it was £12.171 which is £8.104 increase. Other income £60 is from WBC for CCTI/ coverage belonging to the church and £1.799 is the refund of insurance premium by Poulton Community Hall, which St Chads originally paid. Overall income from 2024 which is £151.084 compared with £185.390 in 2023 meaning there is a decrease of £34.306. enditures Charitable Activities In unrestricted funds these are monies granted to various Christian charities and the local 2 church schools. Which is the same as last yesr The £7500 is monies given to Poulton Community Hall from r8Stricted funds to help towards roof repairs. Charitable activities Looking down at the expenditures the figures between 2024 and 2023 are similar with the exceptions of Church running expenses is £16,867 in 2024 whilst in 2023 it was £14,273 this being an increase of £2,594 due to increase of bills especially the Gas bill as a new fixed rate was done which was higher than the previous one.
Church Maintenance in 2024 of £3,309 is lower than 2023. £6.629 by £3,320 Education. junior church, little gang etc in 2024 was £1798 and in 2023 was £1,023 the increase is due to increase in expenses for Junior church and £300 ???? There has been an decrease in Wages and honorariums in 2024 to £25.978 where in 2023 it was £30,404, this is due to a balance in St chad's HMRC account which has meant the tax element has not had to be paid in 2024. In 2024 IT costs were £496 compared to £3.654 in 2023 this is because in 2023 new CCTV equipment was bought as well as a new contactless machine. Overall the expenditures in 2024 were £169.014 compared to 2023 which were £171,669 this being a decrease in 2024 of £2.655. If you look at the overall amount in income in 2024 of £151,084 and the amount in expenditure of £169.014, expenditure exceeds income by £17,930 meaning we had to draw on reserves to cover this. Page 12 and 13 This gives in more details of the figures given on page 8. Please note that number 11 have now been broken down into cuent year and prior year. Pages 14 Analysis by funds, These are breakdowns of funds in the various accounts held and the bottom line shows the balances being brought forward to the 2025 accounts. Page15 st This is the balance sheet for Ihe year ending 31 Dernber 2024 This shows the fixed assets, cuent assets and liabilities and net assets of each account. Overall the accounts do show us still to be in a comfortable position, this is partly due to the kind legacies that have previously been received and the continued support through stewardship and donation although these were a lot less in 2024 than in previous years. This year we have had to draw on monies held in investment accounts by £18,136 and the budget for 2025 is around £30.000 deficit..
Parochial Church Council of Poulton-le-Fylde (St Chad) ANNUAL REPORT FOR 2024 Adminlstrative Information The Parish is part of the Diocese of Blackburn within the Church of England. The Parochial Church Council {PCC) is a registered charity, number 1131531 and the official title is The Parochial Church Council of the Ecclesiastical Parish of St Chad. Poulton-le-Fylde" The Parish is a United Benefice with St Anne's. Singleton. Places of Worship St. Chad's Church. Market Place. Poulton-le-Fylde st. Martin's and St. Hilda's Church, Fleetwood Road. Carleton Address for Correspondence - Revd. Canon M. Keighley. The Vicarage, Vicarage Road, Poulton-le-Fylde, FY6 7BE The Parochial Church Council - Membership PCC members who have served from 1 January 2024 until the date this report was approved are:_ Incumbent The Revd. Canon Martin Keighley (Chairman). who is responsible for the day-to-day running of the parish. Licenced Lay Minister Mr David Gascoigne Churchwardens Miss Lynne Brackpool Mrs. Joan Swar) Miss Geraldene Greenhalgh (Mrs Geraldene Rogers from April 2024) Mr Jack Piney (until June 2024) De Churchwarden Mrs Susan Hanson-scobie Re resentatives on Deane Mr Jack Piney (until April 2024) Miss Geraldene Greenhalgh {Mr5 Geraldene Rogers from April 2024) Ms Lindsay Mason Ms Penny Waters Miss Lynne Brackpool (from April 2024) Elected and c ted Members Mrs Dorothy Griffith, Mrs Elizabeth Harrison, Mrs Susan Hanson-scobie (until April 2024). Mrs Sarah Keighley, Mrs Barbara Schofield, Mrs Jean Holland. Mrs Julia Walmsley, Mr Stewart Swan. Mr lan Mills, Mrs Nina Karunasekara (from April 2024), Mr Julian Mccain (from April 2024) Mr Michael Nuttall (from April 2024) Mrs Ann Mccarthy (from April 2024)
structu re, governance and management The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. The PCC has a number of committees which meet as necessary and report to the PCC regularly. Finance and Standing Committee: Oversees financial affairs and advises the Vicar and PCC. Prepares the PCC agendas and takes necessary decisions between PCC meetings. Fabric: Oversees the care and maintenance of the parish church, with the advice of the Architect when required. Outreach and Worship: Helps to plan the implementation of the wider mission of the Church. Makes recommendations about the liturgy and organisation of services. Resources: conrned with all aspects of Stewardship. Flothe: To foster our link with the parish of Flothe in Braunschweig, Germany. There is a Representative on Poulton and Carleton Churches Together to act for the Church on the local Ecumenical Committee and report on ecumenical events. There is a Parish Safeguarding Officer (Miss Lynne Brackpool ) who oversees the implementation of the Parish Policy on work wilh children and young people. reporting regularly to the PCC and bringing matters to the PCC for their approval. The Policy is reviewed regularly. Miss Brackpool also fulfils the role of Vulnerable Adults Officer. A Health and Safety Officer (Miss Geraldene Greenhalgh) who oversees the implementation of the Health and Safety Policy and reports Health and Safety Matters to the PCC. Objectives and activities Mission Statement In the years that lie before us. we, the people of God in the parish of St. Chad, Poulton-le-Fylde. will seek to-_ Place worship and prayer at the heart of our life together as an expression of our love of God in Christ Jesus Grow in Christian love one for another Grow in the love and knowledge of Christ as he is revealed in the Gospels Through outreach and pastoral care carry the love and knowledge of the Christ revealed in the Gospels into our wider community. Public Benefit Statement The PCC is aware of the Charity Commission's guidance on public benefit in the 'The Advancement of Religion for the Public Benefit, and have regard to it in their administration of the parish. The PCC believes that, by fulfilling its responsibility to work together with the incumbent and to co-operate in all matters of concern and importance for the promotion of the whole mission of the Church, pastoral. evangelistic, social and ecumenical, it provides benefit to the public by= Providing reSoUrS and facilities for public worship. pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers.
Promotina Christian values and service b mernbers of the Church in the Parish to its communit to the benefit of individuals and socie as a whole. Achievements and performance Number on the Electoral Roll - 248 (April 2024) 256 (May 2023) Regular Weekly Attendance 117 (2024) 112 (2023) Review of the year Statistics for occasional offices Funerals in Church. Funerals at Crematorium or Cemetery Weddings and Blessings Baptisms. "St Chad's and St Hilda's together 2024 37 31 2023 24 37 19 64 54 We are pleased to report increased attendance over the last year. and whilst numbers have not yet returned to pre-pandemic levels there are positive signs on which to build. We are especially pleased to report the launch of a new monthly service StChads@5. which began in September, and features a mix of contemporary worship songs, craft. teaching and prayer. This service has an informal feel, is aimed at families. and begins with refreshments, prior to 45 minutes of worship. There is more to do in establishing this sernice, to complement our All-Age provision, and to engage with people at a time, and in a way that is helpful to them. For those unable to join us in person we continue to livestream the Sunday morning service at St Chad's, for which Gameras and filming volunteers are now in place. There have been six meetings of the PCC in 2024. along with the Annual Parochial Church Meeting in April. The Standing Committee also met on six occasions. Although we have taken steps to reduce expenditure in recent years, we have been reliant on legacy income to balance the books. Such income is unpredictable, and in 2024 it was significantly down on recent years, and the annual accounts show a significant deficit for the year. With limited scope to reduce our expenditure, and likely increases in energy costs, we will need to give some attention to increasing our stewardship income in 2025. Thankfully the Vicar's health outlook is much improved, however with the current lack of ordination candidates and the timescales involved. the parish will not have a Curate for the foreseeable future. The focus of parish life continues to be the regular offering of worship at both St Chad's and St Hilda's and the provision for those who lookto the Church at particular points in life It is important to note the significant number of occaslonal offlces outllnea above, whlch are subslantially greater Ihan rnost parishes. In 2024 the number of baptisms continued to be high. However, we have seen a marked decline in weddings at St Chad's. which seems likely to be the pattem going forward. Engaging with baptism families and parents of Junior Church remains a priority, as you will see in our future plans. In 2024 we ran an enquirers course. Christianity Explored. hosted and led by David and Lee Gascoigne, who have also been instrumental in the delivery of an evening House Group and Bible Study Groups, which sits alongside an afternoon Bible Study and a Lent Study Groups through Churches Together in Poulton and Carleton. Research has shown the importance of such provision. if churches are to grow, and we regularly seek ways to signpost people lo this provision. In September a party of parishioners visited our Link Parish of Flothe, in the Lutheran Diocese of Braunschweig. We enjoyed a full and interesting few days, and were fortunate to meet Bishop Philip, who was there at the same time. and was able to give reassuran about the future of the link following recent uncertainty. This was the final visit prior to the retirement of Pastor Ralf Ohainski. who has been at the heart of the link from the outset. The Vicar represented St Chad's and St Hilda's at Ralf s retirement celebration in October, and we remain hopeful that the link will continue to flourish under his successor.
Work with schools continues an importantfeature of the parish and a full programme of weekly assemblies, Church visits, Nativities and Carol Services has continued. St Hilda's Church continues to progress with the congregation pulling together and taking charge of Messy Church, which is St Hilda's principal provision for children and families. They continue to work with St Hilda's School to enhance links, culminating once again in a highly successful Service of Light on Advent Sunday and a Crib servi on Christmas Eve, together with several School Services in the Church to mark major festivals. The Ecumenical Choir led both Carol Service and 'Music and Meditation for Passiontide, at St Martins and St Hilda's Church. Personnel Our Vicar, Revd. Martin Keighley is now in remission following successful cancer treatment. However, we are keen to support his wellbeing by retaining the revised working pattern established during his treatment. This continues to involve substantial assistance from the retired clergy. The Ven Colin Williams, a former Vicar of the Parish, retired locally and has continued to give welcome assislance through the leading of services across the benefi. The Ven Anne Dawtry, retired Archdeacon of Halifax, is now resident in Poulton, and has continued to give invaluable support both with regular services and the occasional offices. We are also grateful to Revd lan Files, who for several years provided regular assistance with servIs. but has now stepped back from that role, whilst taking on the editorial role for The New Sentinel. We were joined in 2022 by Mr David Gascoigne an eXperIend LLM, who lives in the parish, and who was able to transfer his licence to St Chad's. In 2024. Revd David Dewey. a retired Baptist Minister, has successfully sought accreditation as a preacher through Blackburn Diocese, and now features regularly on the rota. Our two existing Authorised Lay Ministers, Lynne Brackpool and Lindsay Mason. were recently accredited for a further three years, and in September were joined by Geraldene Rogers, who was authorized for the first time. We are also delighted to congratulate her on her wedding earlier in the year! Buildings St Chad's Church is a grade 2" listed building most of which dates from a reconstruction which took place in 1751. It forms the centrepiece of Poulton-le-Fylde and is much admired by our many visitors. particularly during February or March when there is a magnificent display of crocus in the Churchyard. The Church building at Carleton is owned by the Roman Catholic Church and the Church Hall is owned jointly. Both are administered by a Joint Council drawn from St Hilda's and St Martin's congregations. Running costs are shared between the two churches, and both the Church and Hall are maintained in good order. st Chad s Church Hall on Vicarage Road dating from 1925 is now leased to Poulton le Fylde Community Hall (formerly Vicarage Park Community Centre) which is now fully operational,. used by the Church for Junior Church on Sunday morning and Little Gang. which meets each Friday morning during term time. The land adjoining the Church Hall which is owned by the PCC is let to St Chad's Tennis Club on a short term non-renewable lease. The clergy house at Roylen Avenue is currently being rented out through a letting agency. thus ensuring a regular source of income until needed again for parochial use. Future Plans We continue to seek ways to draw people back into the worshipping life of the Church and where possible to engage with the community in new ways. The monthly non-Eucharistic services have been well reiVed by the majority of our congregation and new faces are regularly seen, especially young families. We continue to seek ways to engage with the parents of those children and we are taking active steps to build our links with Junior Church and baptism families. Engaging with older children and young people continues to be challenging but through Confirmation preparation we do reach small numbers in a meaningful way.
Thè Diocese continues to focus on Vision 2026 -"Healthy Churches transforming Communities" the overall objective is to exlend outreach to those who presently do not come to Church. We look forward to discovering how the new Bishop of BlaGkbum plans to take this forward, as ideas take shape for the Centenary of the Diocese of Blackburn in 2026 and what will follow in years to come. At a Parish level we have a particular need to encourage lay people to become Church Officers and take on responsibilities for the running of our Churches. FINANCIAL MATTERS Bankers Nat West Bank, Cleveleys branch. CCLA Investment Management Ltd (The CBF Church of England Funds) Independent Examiner Nicola Mason MHA Moore and Smalley. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the CharItS goveming document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)- At a time when many Parishes are struggling to make ends meet. we remain in a strong financial position and have a very great deal to be thankful for. Each year a budget is set for the day to day running of the church, in 2024 it was anticipated there would be a deficit of £19,500. As at 31.12.24 showed our total income to be £3,408 less than budget. with the expenditure being £1,124 less than budget. Making the net deficit of £2,284. This year's accounts shows a deficit of £18.139. Reserves Policy It is considered prudent to maintain a general unrestricted reserve in the region of £50,000 representing running costs for around 3 months. We currently femain in excess of this figure. A separate Legacy fund, (balan £158.673 at the year-end), is maintained as an unrestricted fund, and receives any unrestricted legacies that come in. unless other specific instructions are given by the donor. It is used to fund specific items rather than general expenditure. Fabric Fund (£26.235 excluding investments) may only be used for the repair and maintenance of the Church Building or its contents. There is also a Fabric designated Account (£3.151). Hall Redevelopment Fund, the account has now been closed with £7500 donated to Poulton Community Hall to assist with roof repairs. The hall now being leased to Poulton-le Fylde Community although we remain responsible for insuring the building. Carleton Fund {Total £160,392 comprising fixed assets £150,000 [house] and Deposit Account £10,392) may only be spent on items pertaining to the Carleton Church Community worshipping at the shared Church of St Hilda's and St Martin's. 11 has been drawn on in the past and matched with a similar amount from the Roman Catholic Church for the construction of the new hall at st Hilda's and St Martin's.
Risk Management It is generally considered that those risks to which the PCC are exposed, and which would impact on either the satisfactory running of the Church or ils financial position are well managed. Financial controls are in place with a budget set each year and regular reporting procedures. and a professional independent examination of the accounts for the year ending 31st December 2024. Reputational risks are difficult to foresee and would need to be dealt with if they arise. but with the support of the Diocese. Statutory and legal requirements have been met to the best of our ability but need to be kept under review. Responsibility of the Trustees The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to= Select suitable accounting policies and then apply them consistently- Observe the methods and principles in the Charities SORP (FRS 102),. Make judgements and estimates that are reasonable and prudent; State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial staternents., Prepare the financial statements on the going COnM basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping properaccounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the chartty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed by order of the members Chairman
PAROCHIAL CHURCH COUNCIL OF POULTON-LE-FYLDE ST CHAD STATEMENT OF FINANCIAL ACTIVITIES For the year ending 31 December 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Unrestricted Restricted Funds Funds 2023 2023 Total Funds 2023 Note INCOME & ENDOWMENTS FROM Donations and Legacies 21al 104.261 351 104.612 140.664 1,710 142.374 Charitable Activities 2(bl 23.679 659 24.338 27.958 1,076 29.034 Other trading activities 21cl Investments 21d} 17.527 2.748 20.275 10,781 1.390 12,171 Other 2(e} 1.799 1.859 60 1,748 1.808 TOTAL 145.527 5.557 151.084 179.463 5,924 185,387 EXPENDITURE ON Raising Funds 234 234 112 112 Charitable Activities 31a) 156,962 11,818 168,780 161.194 10,363 171.557 TOTAL EXPENDITURE 157.196 11,818 169.014 161,306 10.363 171,669 Gainslllossesl on revaluation of investment assets 924 924 330 330 NET INCOMEIIEXPENDITUREI -11.669 (5,3371 117.0061 18,157 (4.109) 14.048 TRANSFERS BETWEEN FUNDS 15411 396 13961 Gainslllosses} on revaluation offixed assets NET MOVEMENT IN FUNDS Reconciliation of Funds Total Funds Brought Forward 2024 accounting error from 2023 acc's 111.1281 {5.8781 {17,0061 18,553 14.5051 14,048 . 943.657 358.518 1,302.175 -1.130 925,104 363,023 1.288,127 Totsl funds Carried Forward 2025 932.529 351.510 1.284.039 943,657 358,518 1,302,175 No Endowment funds are held
PAROCHIAL CHURCH COUNCIL OF POULTON-LE-FYLDE ST CHAD BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note FIXED ASSETS Tangible assets Investment assets - property Investment assets - CBFIGOV. Stocks 5lb) 5(a} 947.3 12.572 947,300 11,649 959,872 958,94 CURRENT ASSETS Debtors & Paym8nts in Advanc8 Short Term Dewsits Cash at Bank and in hand 7,283 291,541 26.516 8.460 309,874 26.003 325.340 344,337 LIABILITIES CREDITORS- AMOUNTS FALLING DUE WITHIN ONE YEAR (1.176) (1.110) NET CURRENT ASSETS 324.164 343.227 Total Assels less current Liabilities 1.284.037 1.302,176 NET ASSETS 1,284.037 1.302,176 THE FUNDS OF THE CHARITY Unrestricted Designated Restricted 929,377 3.151 351,5Cr3 940.685 2.993 358.518 1.284.037 1.302,176 Approved by the Parochial Church Council on DATE on its behalf by: Rev Martin KeiJhley (Chairman) Lynne Brackp)ol {ChurthWarden) The notes on pages 10- 16 form part of these accounts K..1QCtrL4640Wudltd IUSIF*SfrTrPerndrflQl&Ar1sWttR9¥rt 7016P7v?.kÈ 20103BD25- 16..36..
PAROCHIAL CHURCH COUNCIL OF POULTON-LE-FYLDE, ST CHAD Notes to the Financial Statements For the year ended 31st December 2024 1 ACCOUNTING POLICIES The principal accounting policies adopted, judgernenls and key sources of estimalion uncertainty in the preparation of the financial statements are as follows- The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, the Charities Act 2011, together 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 Republic of Ireland (FRS 102) issued on 16 July 2014 (Charities SORP {FRS 1021), the Financial Reporting Standard applicable in the UK and the Republic of Ireland {FRS 102land UK Generally Accepted Practice as it applies from October 2019. Parochial Church Council of Poulton-Le-Fylde. St Chad meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared to give a "true and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required lo give a "true and fair" view. This departure has involved following the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable the UK and Republic of Ireland {FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been wthdrawn. The financial statements have been prepared under the historical cost convention except for the valuation of Investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of Church Groups that owe their main affiliation to another body. nor those that are informal gatherings of Church members. Preparation of the accounts on a going concern basis The trustees assess whether the use of going conrn is appropriate. ie whether there are any material uncertainties relaled lo events or conditions that may cast significant doubt on the ability of the charity lo continue as a going concern. The trustees make this assessment in respect of a period of at least one year from the date of aulhorisalion for issue of the accounts and have concluded that the charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the charity's ability to continue as a going concern. Thus, they continue to adopt the going concern basis of accounting in preparing the accounts. Funds Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for applications on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. Restricted Funds are those funds that may be used only for certain purposes, as prescribed by the donor of the funds. Income and Endowments Donations and Legacies Collections are recognised when received by or on behalf of the PCC. Planned giving is recognised only when received_ Income tax recoverable on gift aided donations is apportioned over financial years on the basis of the planned giving to which it relates. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlemenl, the amounl due is quantifiable and its receipt by the PCC is probable. Charitable Activities Fees due lo the PCC in respect of Weddings and Funerals are recognized when due. Income froTn Ihe sale of books is accounted for gross. Income from magazine box in church is now under donations due to the magazine now being free of charge. Other Trading Activities Income from Fund Raising Activities is accounted for gross where it has been possible to do so. However, in practice it has often only been possible lo record the net amount after expenses have been deducted. Income from Invesfments Interest and dividends are accountable for when receivable.
Gains and Losses on investments Unrealised gains or losses on investments are included based on the change in the markel value year on year. Expenditure Grants and.donations are accounted for when paid over. or when awarded, if that award creates a binding obligation on the PCC.collections taken in Church for specific external charities are not included in the figures but are detailed in note 10. The Diocesan Parish Share is accounted for when falling due. All other expenditure is generally recogllized when it is incurred and is accounted for gross. Fixed Assets Consecrated Land and Buildings and Movable Church Furnishings Consecrated and beneficed property is not included in the accounts in accordance with s.10{2llal of the Charities Act 2011. No value is placed on movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal. Sin the PCC considers this to be inalienable property. They are listed in the church's inventory which can be inspected by prior arrangement. All expenditure incurred during the year on consecrated or beneficed buildings and tnovable church furnishings. whether maintenance or improvements, is written off as expenditure in the SOFA, and separately disclosed_ Other fixtures, fittings and Office Equipment Individual items of equipment with a purchase price of £5.000 or less are written off when the asset is acquired {i.e. not depreciated). Investment Property The Church Hall was closed on 3151 October 2013 and reopened in 2019. It is now let under Ihe terms of an Albemarle Scheme to the Poulton-Le-Fylde Community Hall, a registered charity. whose objective is lo repair the Hall and bring it back to Community use and Ihis was reopened in 2019. Its book value (£147,300) has been left unchanged after the revaluation in 2021. The valuation of the land occupied by the Tennis Club under a short term non-renewable lease, which was introduced in to the accounts in 2007 at £650,000 has been left unchanged. The clergy house at 24 Roylen Avenue, Carlelon has now been let lo private tenanls through Fylde coast Letlings Limited and a monthly rental incorne in received. The property was revalued in the year ended 31 December 2015 at market value of £150.000. The valuations included in the accounts are considered by the Trustees to represenl a fair value for the properties_ Investments Investments are valued at market value on 31st December 2024_ The value of the investments appears in restricted funds, although the income from some passes through the PCC general account_ (For example. some are held for the provision of assistant clergy, and it could be held that the income from these goes towards the payment of Parish Share. which pays for our'clergy). current Assets Amounts owing to the PCC at 3151 December in respect of fees: rents. or other income are shown as debtors less provision for amounts that may prove uncollectible. Short-term deposils include cash held with the Church of England Deposit Funds operaled by CCLA Investmenl Management Ltd. Critical accountlng estimates and areas of judgement Accounting estimates and judgements are continually evaluated and are based on historical experience and other factors. The main estimates and areas of judgement included in the accounts are those relating lo the valuation of the investment properties. The policy wilh regards to these is disclosed above. The Trustees consider the valuation included and whether there is any indication of an impairment of that valuation. 10
Unresfricted Restricted TOTAL FurKIs Funtls 2024 Unte5tricted Restri¢t8d TOTAL Funds Fvnds 2023 2. InGome and E[Owm8nts trom 21al Donations and Legacies Planned Giviw.. siÈwardship ISl8nding Orders & Annu81 Paymentsl Siew8rdship {EnVelo5} T8x recvv8rable Colkclions (Open P&tel at all Services Donions Legacies Contrbutlons from Singleton Grant received from Blackbum Oittesa 54.923 7142 14.005 54.923 7.142 14.005 57.220 6.961 14.125 13.859 14.752 31,750 2.oc 57,220 6.961 14,125 13.904 1.665 16,417 31,750 2,000 105 246 10,684 1.000 2.000 .000 2.000 21bl Charitable Actovlties Fees Church Wethino Flowers Rcnt from Rolen Avenue House. privote rentsl Sales of Books and Mag8an8$ 15.639 15,839 18,0 703 8.425 IS,0 1.779 8.425 659 1.076 8.040 8,040 21cl Other Trading ActNitiÈs Fund Raising Events 2 Idl Investrrtents InlÈrÈston DÈwgits and investments Rent from Tennis Club Rent frotn VPCC for Hall 16.C27 1.500 2.748 18.775 1.500 9.281 1,500 1.29) 10,571 1,500 100 100 ?lel Other Income Repayenl of insurancc premium Other Income CCTV 1.748 1,748 TOTAL 3. Expendlture on R81s1Tr9 Funds Stewardship and Gift Aid stslionery 234 234 234 112 112 3 lal Charitable Aciivitiès Gr8nts made In furtherance of PCC'S Objectv8s Church Qiersea5'. Mwjonèry Soc & Dlxesan As5CLiabon5 Church Ov8rseas'.R8liel & Dev8loomen1Agen?S Home fvlissions and othcr Church Sooetks Secular Charibes Barchesier Scheme for Church Schods PoJ51on Le Fylde Community Hall from reserve funds 2.600 500 2.812 1.100 5.X1 2.600 500 2.812 1.1 529". 7.500 2.600 500 2.862 1.120 5.291 2,600 500 2.862 1.120 5.291 IdlnSsiry- Diocesyn Parish Sha - ClergyAceommodation Costs lergy Exp8riSa¥ Sl Hilda's expeses Chur¢h Running Expenses Church Maintenance Upkeep ol Services Oulreach Costs Printing. Stationery 8nd Posts9e Costs Educ4bon- Jnr Church". Lt Gang. Conf¢ar. Flower Guild Custs Major rBpairs and lrnproverncnis. siructure Repairs replacements and 8ddirM)ns- InG equipment Church Hall RuThnirt9 51t& And Insurance Other Property Upkeep IRoylen Avenutrl Wages and Honoraria- Verqer, aran1315. As5L Treasurer. 82.592 3.745 1.479 200 16.867 2.421 4.174 653 1.929 1.798 970 82,592 3,745 1.479 200 16.867 3.309 4.174 653 1.929 1.798 1.629 83.772 4.102 B3.772 4,102 1.438 100 14.273 6.629 4.976 210 1.527 1.023 14.273 3.059 4.976 210 1.527 1.023 770 3J70 659 l.Q76 1.781 1.781 1_799 1.799 180 25.978 1.748 1.748 170 30.404 170 ).404 25.978 Independent Exarninels Fe& Bank Charges German link IT Costs 1.176 1.176 1.110 422 422 2.188 TOTAL EXPENDITURE Dung the 5e3rthe PCC efflrAod 2 Qrganisls, a Verger. Trèasuref. an Assistrn¢TteasurÈrand a thur¢h Qeaner. (all part 1Smel bul no payrnènts wwe large enough to atrathsooal security LX)sts. PAYMENTS TO PCC MÉM8ERS No expenses wpre reimbursed to PCC member5 forttirduties asTnee5 yk.ere wp.-e no related party trans8¢1ions in the year. 11
S FIXED ASSETS TOTAL Slal TarEible Fixed Assels Inveslmenl Assets 947.3 In Use by The Church GROSS 800K VALUE At l January 2024 Re-classification Rev3(ualK)n Al 31 Dernber 2024 g47,300 947.300 947 300 DEPRECIATION ' 1 January 2024 RlasSifica0n (Jthons Al 31 December 2024 NET BOOKVALUE Al 31 Deetmber 2024 Al 31 December 2024 947.300 947.3 947.300 947.300 The Ireeholé land and buildings h0 Ès InvestrnentAsse15 compn5e Ihe Church Hall las per revaluation 2021 which is let on a lon9 term 8$ lo VPCC. togelherwith the land adjoining the H811 occupied by 51 Chad s Tennis Club on a sl)rt irm n0n-renÈWab lease as valued Ift 2007 and the clergy house al 24 Roykn Avenue which is lei by Fde Coasi Leitings and has Privaie iennEnts The Trustees are satisfied that the valuabon still reflecl tne f31r value of Ihe Froperbe5. 51bl Investments CBF InvesLmenl and Fixed Interest FuS- all restricl8d. 12.572 6 ANALYSIS OF NET ASSETS B Y FUND Vnrestri¢teDesignated Restrlcte(l Endowment Funds Funds Fund5 Funds Tolal Fixed Asse15 Current Assets 650.0 280.553 309.872 41.636 959.872 325.340 3.151 Fund &alance 929 377 3.151 351 508 loesTrated Funds are also unrestricted) 1284 036 7 DEBTORS & PAYMENTS IN ADVANCE UnrestrictE ResthctEd Funds Funds 7.283 2024 2023 Tax Recoverable 7,283 7283 8,460 8 LIA8ILITIES.. AMOUNTS FALLING Due wH1N ONE YEAR UnrestrictE Restricted Funds Fun4Ys 2024 2023 Creditors for Goods and Services -1 176 -1.176 -1.176 9 FUND DETAILS The Unreslricled Funds comprise tr.e General Fund. Legacy Fund. the Poult¢n FWer Guild Fur¥J and a portion of the Fabric fund which is"Design8led" alr Ihan restr¢red. The Restncled Fund5 comprise Ihe General Fund Investmeryts. Ihe Fabr¢ Fun¢i. Church Hall Fund. Hall Redevelwment Fund. Cadelan Church Fund. and The Floodlight Kloinlenarce Fund Carlelon Social Fund nas been excluded from the figu$ as Ils actiVi,es are link with Ihe"Joinf counal al Carfelon The Choir Fund and the Bellringers Fund are not included Therè are no endowment Funds 10 COLLECTIONS TAKEN IN CHLIRCH FOR SPECIFIC PLIRPOSES AND NOT INCLUDED IN THE ACCOLINTS Al Harvest ror Ihe Elisnup ot Blad(burn'5 Ffarve51 Appeal TOTAL 57D 11 MOVEMENT OF RESTRICTED FUNDS 8alance Total B Tought F* Income Totsl Tran5fer5 BalanGB EXperlture and gain5 Carried Fwd Gen8ra5 Accounl Reslricled Elemenls Flowei Guild Reslricle4 @emenl Fabnc Account Church Hall Fund Hall Redevelopment ReStrle Fund Carleion Church Fund FIDodlight Maintenanc2 Fund 4.912 124 5.036 659 2.269 2.017 102 541 98 16591 33.821 149.956 7.595 160.3J2 1.838 BOO 7.697 33.772 150.371 19.2991 17.6971 160.392 1,936 Total 358.514 20,773 8,080 1,507 Thp above incorne f¢gure5 indude unrealised gains on inve5ttnent wh2rt applicable. The above expenditure figure5 include unrealised b55es on invesknents and depretAation where appI2b. 12
1 MOVEMENT OF RESTRICTED FUNDS ICONTrNUEDI Balance Total Total Transfers Balance Brought I Income Expenditure and gain: Carried Fwd PRIOR YEAR 2023 General Account Reslricted Elernents Flower Guild Restricted Element Fabric Account Church Hall Fund Hall Redevelopment Restricted Fund Carlelon Church Fund Floodlight Maintenance Fund 348 4.912 1,076 2,310 (1,0761 (7.5391 (1.7481 _ 39.071 149.856 7.359 160.392 .1.781 (17) 33,825 149,956 7,595 (397) 160,392 1.838 236- 397- 57- Total 66 358518 13
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PAROCHIAL CHURCH COUNCIL OF POULTON-LE-FYLDE ST CHAD YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 December 2024 which are set out on pages 7 to 15 appended to this report. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'}. I report in respect of my examination of the charity's accounts carried out under section 145 of the 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. Independent 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 records were not kept in respect of the charity as required by section 130 of the Act., or the accounts do not accord with those records., or 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 give 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. N(1 (olG Date: 14 April 2025 Nicola Mason FCA, DChA MHA Chartered Accountants Preston