rochlal Church Councll of St Ambr05e, Leyiand ststèment of Flnanclal Actlvltle5 Forthe y•¥r endln8 31 Decèmber 2024 Unrestrltted Fund5 Rgstrlcted Funds TOTAL FUNDS 2024 2023 Note INCOMING RESOURCES Incomln8 resourtes from donors 21al 67,562 67,562 65,811 19,609 19,609 45.966 Othervoluntary incomlng resources 11 bl Incomin8 resources from operatln8 actlvltles to furtheT the Council's objects 61,927 56,883 21cl 61.927 4,570 4,570 to 8enerate funds Idl 1,905 1,905 5.853 Income from Investment 21•1 135 964 155 573 182 157 TOTAL INCOME ANO ENI)OWMENTS EXPENDITURE 600 6W Donatlon5 31 bl Gr3nt5 125,134 7,890 133,024 140,167 Actlvlties dlrectly relatln8 to the Wofk of the church 31cl Church mana8ement and Jdmlnlstratlon Archltects and planfilnB tees,8ulldlnB Regs.& Inspe¢tlon Fees 31dl 47,418 47,418 36,767 31el 173.152 181.042 TOTAL EXPENDITURE 11.719 125,4691 4,623 NET INCOMEIIEXPENSES) 137,1881 1,102 1,102 4.350 GAINS AND LOSSES ON INVE5fMENTS NET MOVEMENT IN FVNDS 136,0861 11,719 124,3671 8,973 TRANSFER BETWEEN FUNDS 443 117 BALANCES 8ROVGPff FORWARD AT I JANUARY 2024 AALANCES CARRIED FORWARD AT 31 OECEMgER 2024 The note5 On pages 3 to 7 form part Lifthese accounts
Parochlal Churth Councll of St Ambrose. Leyland Balance Sheet at 31 Detymber 2024 Note 2024 2023 FIXED ASSErs 309,569 321,908 Tangible fixed assets 49,241 48,139 Investment assets 358,809 370,047 CURRENT ASSETS 16,919 19,975 Debtors 3,159 1,705 Short term deposlt5 53.634 65,089 Cash at bank and In hand 73,712 86,769 4,726 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 4,799 68,913 NET CURRENT ASSEf5 427 723 452,090 NEf ASSETS FUNDS 416,004 403,398 Unre5trlcted 11,719 48,692 Restricted 427,723 Approved by the Parochlal Church Coun¢ll on the 3rd Aprll 2025 and slgned on its behalf by the Vlcar ', Slgned.. Rev Paul Robinson Date '. .2.25 The notes on pa8es 3 to 7 form part of these accounts
Parochial Church CounLIl of St Ambrose, Leyland Notes to the Flnan¢i41 Statements For the year endlng 31 December 2024 ACCOUNTING POLICIES The financial statements have been prepared under the Church Accounting Re8ulatlons 2006 In accordance wlth the appllcable accounting standards and the current Statement of Recommended Practice Accountin8 and Reporting by Charitles ISORPIFRSSEII. The financial statements have been prepared under the hlstorlcal cost conventlon except for the valuatlon of investment assets, which are shown at market value. Funds General funds represent the funds of the PCC that are not subject to any restrictions regarding thelr se and are avallable for appllcatlon on the general purposes of the PCC. Funds designated for a particular purpose by the PCC a also unrestrlcted. All the fund5 af the PCC, whether held in Church or Halls for All Accounts are to be used for elther, at the dlscretlon of the PCC. The accounts Include all transactlons, assets and liabllitle5 for which the PCC1s responsible In law. They do not include the accounts of church 8roups that owe thelr maln afflllatlon to another bodv or those that are Informal gatherings of church members. Income and EndowmertS Voluntary Income and capllal sources Collectlons are recogn15ed when recelved by OT on behalf of the PCC. Planned givin8 recelvable under Gift Aid Is recognised only when reived. Income tax recoverable on Glft Aid donation5 Is recognised when the income Is reco8n55ed. Grants and legacles to the PCC are accounted for as 500n as the PCC 15 notlfied ol its legal entltlement, the amount due Is quantlfiable and an Inflow of economlc benefit to the PCC15 Probable. Funds ralsed by Fund Raislng Events are accounted for 8ross. Sales of books and magazines from the church bookstall are accounted for 8ros5. Other Income Rental income from the letting of church premlses15 recognlsed when the rental Is due. Income from Investments Dlvidends are accounted for when due and payable. Interest entltlement5 are accounted for as they accrue. Tax recoverable on such Income Is recognised in the same ac¢ountlng year. G•lns and loss¢s ¢Jn Investrnenls Realised galns and losse5 are recognised when investments are sold. Unreallsed galns or losses are accounted for on revaluation of investment5 at 31 December.
Parochlal Church Councll of St Ambrose. Lwiland Notes to the Flnan¢lal Statements (Contlnuedl For the year endlni 31 Dvember 2024 Expendlture GrnntS Grants and donatlons are accounted for when pald over, or as soon as an oufflow of economic benefit Ss probable. Attlyltles dlrectly relatlngto the work of the Churth The diocesan parlsh share 15 accounted for when paiil. Any partsh share unpald at 31 Dernber Is not provlded for in these accounts. Parish Share due for 2024 has been pald in full. Flxedassets Consecrated property Jnd movable thurch fvrnlshlnls Consecrated and beneficed property of any klnd Is excluded from the accounts by s.1012llal and Icl of the Charltles Art 2011. Movable church furnlshln85 held by the Vlcar and Churchwardens on speclal trust for the PCC, and which requlre a faculty for dlsposal. are accounted as inaliènable property unle55 consecrated. They are listed in the church's Inventory whlch can be Insperted lat any rehsonable tlrnel. For inalienable property acqulred prlor to 2002 there is insufficlent cost information avallable and therefore such assets are not valued In the accounts. Items acqulred slnce l January 2004 have been capltallsed and depreclated in the accounts over thelr currently antlcipated useful e¢onomlc life on a strJlght-Ilne basls. All expendlture Incurred In the year on consecrated or beneflced buildlngs, indlvldual items under £1,000 or on the repalr of movable church furn15hln85 acqulred before l January 2004 is written off. Bulldlng Improvements Expendlture, of a capltal nature, Incurred on buildlng Improvementslextensions to the church h311s have been capitalised at Cost, net of vèt, and are depreclated on a str8lght-Ilne basls over 25 years. Othw flxtuT•s, flttln8s and offlce equlpment Equipment Used withln the church premises is depreclated on a stralght-llne basls over 4 years. Indivldual Items of equipment wSth a purchase price of £1,000 or less aTe written off when the asset Is acqulred. Investments Investment5 are valued at market value at 31 December. CurTent assets Amounts owing to the PCC at 31 December in respect of fees, rents or other Income are shown as debtors less provision for amounts that may prove uncollectable. Short-term deposits Include cash held on deposit wlth the CBF Church of En8land Funds.
Notes t¢ the financlal Ststements Icontlnuedl For the ye•r endln8 31 tkcember 2024 INCOME AND ENDOWMENIS Unrestrlcled Re5trlrted Fvnds Funds TOTAL FUNDS 2024 2023 213 I Incoming resources from donors Planned glving.. Stewardshlp donations Income tax recoverable Collectlons (open platel at all seryices Sundry donatlons 48,342 13,016 2,991 3,214 48,342 13,016 2.991 3,214 67,562 49,581 9,800 4,928 1,502 65,811 21b I Other voluntsry Incomlng resources Donatlons, appeals, etc Le8acles 19,609 19,609 45,966 45,966 21cl Income from operatin8 actlvitlÈs: to further the Council's objects Church hall lettings et¢ Fees 58,726 3,201 61,927 58,726 3,201 54,627 2,256 21d I Income from operatln8 actlvltles: to genefate funds Magazlnes Flower Fund Fetes,bazaars, other fund-ralsln8 events 863 1,220 2,487 863 1,220 2,487 4,570 690 1,184 5.770 21e I Income from Investment Olvidends and Interest Includlng any reclaimable tax and revaluatlon of assets 1,90S TOTAL INCOME AND ENDOWMENTS 19,609 155 573 182 157
P•ftxhl•l Churth Counal of St AmbrosE. Leyland Nples to th# Fln8n¢lal Statefntrnts l¢ontlnuedl Fortheye•rer*lln8 JI emb•1 20Z4 EXPEIIDITURE UThrestrfcted Restrl¢xed Funds Funds TOTALFUNOS Z024 2023 Donatlon5 600 other donatlons 31bl Grants Home mi551on$ and other Church 5ocletle$ Acthiltles dlreclly relatlngtothe work ofthe Churth Mlnlstry: dlocesan quot• and parish shJTe clergy expen5È5 PaTson88e houseexpendkure Churth-rntnnlnB Èxpen5e5 Church malntenince Expenditure on p3r15h mawlne Upkeep of churchyaTd Fund- Ralsln8 Cost5 Church Hall running Costs Church Hall Malntenance Oryan15ts fees 48,002 48,002 1,46B 3,580 3,434 5,610 70.078 3,580 3,434 5,610 3,370 3,656 6,293 2.400 300 20,674 46.230 325 133 024 2ALN) 3LK) 20.674 38,340 31,303 23.692 125 134 140 167 31dl Churth management and •dmln15tr1tlon Admlnlstration.. epre£latlon Printlng and 5tatlonery atherAdmln Costs 40,149 1,365 .40.L49 L365 29,952 1,474 Project C05t5 ulldln8 Pe8u14tlon5 Ind Inspertlon Fees et Aichlte¢ts and pl•nnln6 fee$ 177 534 TOTALtMPENDITURE 173 152 181042 STAFF COSTS Wales and sal8Ae$11 Employee) Soclal securlty Costs 18,718 18,728 17,046 Durln8the yeerthElollowln8 itnounts were pald to PCC rnembery: Treasurer E330012023 £33001 Or6an15t £132512023 £11751 Vlcar £146812023 £01 TAIIGIOLE FIXED ASSETS Fithres Qfflce Church Improvemerrt & Ftttln8s equlpment Renovation 108.194 Totol Net bookv8lue- It IstJanu•ry 2024 Addltlons ID the YEar Deprerlbtlon- ch4r8e forthe vear buok value-at 31st December 2024 106032 26,882 27.8C 321,9)8 27,BD9 168458 INVESTMENT AsseTS Movement5 In the year.. Marketvalue- I january2024 Addltlon511Disposalsl durln8the year NÈt profrtlllossl on annual revaltsatlon Market v•lue- 310ecember2024 48.139 1,102 HoldlnK5 at 31 Dernbr 2024.. 2129.53 shares intheCBF Churth of Enland Inve5trnent Fund
Paro¢hlal thurch Coun¢ll of St Ambrose, Leyland Notesto the Flnanclal Statements l¢ontlnuedl FOT the year •ndlrn8 31 December 2024 DEBTOAS 2024 2023 Income tax recoverable Prepayments Other debtors 9,400 1,542 S,977 1,399 8,776 19,975 LIABiiinES: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other credltors 4,726 ANALYSIS OF NET ASSET5 BETWEEN FUNDS Unrestrlrted Retylcted Funds Funds Total Funds Tangible flxed assets Investment assets Current a55ets Current liabilltle5 309,569 49,241 61,993 14,7991 309,569 49,241 73,712 14,7991 11,719 Net assets at 31st December 2023 416,004 11,719 427,723 MOVEMENTS IN FUNDS AtlJ•n 2024 Trnn$f•r Incomln8 resources Out4oln8 At 31 Dec re$our¢es 2024 Unrestrlcted fund- General fund 403,398 48,692 137,066 173,152 416,004 Re5trlcted funds• St Ambr05e Halls For All 48,692 148,6921 19,609 7,890 11,719 452 090 156 675 181,042 427 723
Independent Examlner's Report to the membersltrustees of St Ambrose Church Leyland Parochlal Church Councll S report on the accounts for the year ended 31st December 2024 which are set out on pages I to 7. Respectlve responslbllfties of the Trustees and Independent Examiner The charit$ trustees consider that an audit is not requlred for this year under section 144{21 of the Charities Act 2011 (the 2011 Act) and that an independent examinatlon is needed. It Is my responsibillty to examlne the accounts under section 145 of the 2011 Act; follow the procedures laid down in the General Directions given by the Charity Commlssioners section 14515llbl of the 2011 Act,. and State whether partlcular matters have come to my attention. Basls of Independent Emamlner's Statement My examination was carrled out in accordance with the General Directlons glven by the Charlty Commlssion. An examinatlon Includes a review of the accountlnB records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disc105ures In the accounts, and seekln8 explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts. Independent Examlner's Statemenl In connection wlth my examinatlon. no matters have come to my attentlon l. which glve me reasonable cause to belleve that In any materlal respect the requirements to keep accounting records In accordance with s.130 of the 2011 Act; or to prepare accounts which accord with these accountln8 re¢ords have not been met. or 2. to whlch, in my opinlon, attentlon should be drawn in order to enable a proper understanding of the account5 to be reached. Paul Latham 5 Thistle Close Chorlev Lancashire PR6 OEZ Signed.....i.a......