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2022-12-31-accounts

St James' and Emmanuel Church: Annual Report 2022

Contents

Contents
1. Parish Details
1.1. Status 2
1.2. Structure, Governance and Membership 2
1.3. The Standing Committee 3
1.4. Electoral Roll/Average Sunday Service Attendance 3
1.5. Bankers 4
1.6. Independent Examiner 4
1.7. Related Charities 4
2. Parish Report
2.1. Objects 5
2.2. Aims and Objectives 5
2.3. Review of the Year: Its Objectives and Achievements 6
2.4
Plans for the New Year		 12
2.5 Financial Review 13
2.6
Grant Making Policy		 15
2.7 Reserves Policy 15
2.8 Risk Management 15
2.9 Statement of PCC Responsibilities 16
3. Independent Examiner’s Report 17
4.
Financial Statements
Summary of Funds 18
Statement of Financial Activities (SOFA) 19
Balance Sheet 20
Notes to the Accounts 21

St James' and Emmanuel Church: Annual Report 2022

Section 1: Parish Details

1.1 Status

This Annual Report for the year ended 31 December 2022 is of the Parochial Church Council of the Ecclesiastical Parish of St James' and Emmanuel, Didsbury, known as St James’ & Emmanuel PCC, Didsbury. The parish is in the Deanery of Manchester South and Stretford, in the Diocese of Manchester.

St James' Church is located on Stenner Lane, Emmanuel Church and the Parish Centre, in which the Parish Office is located, is at 6 Barlow Moor Road, Didsbury, Manchester M20 6TR

Telephone: 0161 446 4150 Email: office@stjamesandemmanuel.org Website: www.stjamesandemmanuel.org

1.2 Structure, Governance and Membership

The Parochial Church Council (PCC) is a registered charity, number 1131669. and is constituted under the Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules. Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. During the year the following served as members of the PCC:

Team Rector Revd Dr Nicholas Bundock Chair Team Vicar Revd Canon Lisa Battye Diocesan Synod, General Synod Curate Revd Cate Allison Also, Curate of St Paul’s, Withington, from Oct 22 Curate Revd Augustine Tanner Ihm Curate Revd Katrin Alldavoodi From July 2022 Curate Revd Christine Sandiford Ordained Local Minister (OLM) Curate Revd Jane Whittell Permission to Officiate (PTO) Wardens Andrea Dunkerley PCC Secretary Jeff Dunkerley Until APCM 2022 Vicki Long Jon Parkin From APCM 2022 James Wilson Deanery Synod Jeff Dunkerley Diocesan Synod Representatives Greg Mauchline Vice Chair Steve Penny Alexander Sims Louise Smail James Wilson Diocesan Synod, General Synod

St James' and Emmanuel Church: Annual Report 2022

Elected Members

Jane Arschavir Revd Philip Dobson Linda Fildes Francis Kataria Maggie Jackson Jane Lee Hilary Lowe Treasurer Alexa McDonnell Until APCM 2022 Liz McKelvey Jon Parkin Until APCM 2022 Steve Penfold From APCM 2022 Kate Sraha Until APCM 2022 Joyce Thom Safeguarding Officer Tim Turvey Alison Whale

1.3 Standing Committee

The Standing Committee is a sub-committee of the PCC as required by the Church of England. The Team Rector and Churchwardens are ex-officio. At St James and Emmanuel, the Team Vicar (if Team Rector unavailable), Treasurer and PCC Secretary are also ex-officio. There are two further members who were elected by the PCC in May 2022 namely Jane Arschavir and Louise Smail to serve for one year.

1.4 Electoral Roll & Average Sunday Service Attendance

At the 2022 APCM there were 358 names on the newly formed electoral roll.

The average attendance at Sunday Services, based on October returns for adults/children who attended one or more services was:

2022 2021 2020 2019 2018
9.00am–St James’ 29/4* 23/1** 47/2*** 53/3 46/2
11.00am from April 2022
10.30am–St James’		 27/4* 27/5** 0*** 45/11 68/24
10.30am–Emmanuel 140/29* 143/32** 118/17*** 170/36 117/47
6.15pm 39/0* 45/1** 38/0*** 51/2 47/1

** All the services had lower than the normal attendance because of continuing Covid measures

*** All the services had restrictions on numbers who could attend or able to take place (Covid)

.

St James' and Emmanuel Church: Annual Report 2022

1.5 Bankers

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

CCLA Investment Management Ltd Senator House 85 Queen Victoria Street London EC4V 4ET

HSBC UK 5 Great Underbank Stockport Cheshire SK1 1LH Barclays Bank UK plc Leicester LE87 2BB

Methodist Chapel Aid Ltd 1 Telford Terrace Albermarle Road York YO24 1DQ

1.6 Independent Examiner

Eric Langer, Langer & Co Chartered Accountant Statutory Auditor 8-10 Gatley Road Cheadle Cheshire SK8 1PY

1.7 Related Charities

There are a few Charities associated with St James’ and Emmanuel, which do not form part of the PCC funds, as they are specific independent charities.

The main one is The Parish Hall Charity (No. 6), having charity number of 501253. This charity owns 6 Barlow Moor Road. For this reason, the building is not included amongst the assets of the Parish although it is a building used by the Parish and contains some of the Parish’s assets. The trustees serving through the year were Nick Bundock, Hilary Lowe and Joyce Thom.

Another is Home Community Cafe, a charitable incorporated organisation, having charity number 1161501. This charity leases the kitchen, fellowship, foyer, and former South Transept, now known as the “Living Room”, areas of Emmanuel church. A requirement of the lease is that the governance of the charity is provided by PCC election. Otherwise, the charity is organisationally distinct from the PCC. During the year the following served as trustees:

Miriam Jones Cate Allison (resigned 15 Nov 22) Bernadette Lomas (appointed 6 Feb 22) Hilary Lowe Jason Leach

St James' and Emmanuel Church: Annual Report 2022

Section 2: Parish Report

2.1 Objects

The primary aim of the parish is encompassed in our vision statement: “To grow a diverse , worshipping community, where we encourage belonging and nurture believing ; together becoming followers of Jesus who share God’s love with the world.”

2.2 Aims and Objectives

Belonging

St James and Emmanuel church is a large and diverse church community consisting of five Sunday congregations and numerous mid-week groups. We have a close relationship with and responsibility for the St James and Emmanuel Academy Trust. Our Parish Centre and church buildings are used continually throughout the week by members of the church and the wider community. By fostering cohesion and bringing people together we find ourselves playing a significant community role in Didsbury.

Within the church community itself we seek to offer multiple places of belonging. We run a number of mid-week homegroups and numerous activities from youth and children’s groups through to work with the disadvantaged. Each group, activity and congregation is being developed to offer the best possible welcome and to encourage a real sense of belonging.

Believing

We seek to offer numerous opportunities for growth in the Christian faith. We place a high value on good quality teaching appropriate for people of all ages. Children and young people have access to several different Sunday groups in addition to a large range of mid-week activities.

The worship in each of our congregations is structured to encourage and foster spiritual growth and the journey of Christian discipleship, as are our homegroups.

We play a significant role in the life of the St James and Emmanuel Academy Trust and help to lead staff and pupils in their own journey of faith development and discipleship.

Becoming

We seek to nurture the unique potential present within each person we encounter. We believe that everyone has a part to play in fostering the wellbeing of their families, neighbourhoods, and places of work. By encouraging belonging and believing, and in offering appropriate and timely pastoral care, occasional offices, and prayer we can help to release people into the journey of ‘becoming’ and enable them to play an increasingly creative and positive role in their sphere of influence.

St James' and Emmanuel Church: Annual Report 2022

Church Governance

The life of the church is governed by the PCC, who are elected from church members. The new PCC members are informed of their responsibilities and the legal and financial framework in which the church operates. When planning activities for the year, the PCC have considered the Charity Commission’s guidance on public benefit and the specific guidance on charities for the advancement of religion. Day to day decisions on expenditure and activities are decided by the staff and volunteers in charge of different areas of the church, with budgets set and monitored by the PCC.

Whilst the church currently employs the equivalent of three full time staff, it is the work of every church member which will make the difference in the church achieving its vision, by “being salt and light” amongst the people they interact with each day; by praying, by visiting the sick and others in need, by serving, in being involved in training others, in public teaching and worship and in administration. The financial resources of the church are, predominately, given by the members and their assets and equipment are regularly used in the work of the church. Much of this work is done privately, without recognition, and the hours and value of that time cannot be quantified.

2.3 Review Of The Year: Its Objectives and Achievements

During 2022 the main ways the Church sought to achieve its vision were as follows:

Clergy

In addition to pastoral care, leading, preaching and occasional offices, the clergy have the following areas of responsibility:

Nick Bundock ( Rector ): Focal Minister 10.30 am congregation, vision and strategy, supervision of staff, St James and Emmanuel Academy Trust member and Trustee, No.6 Trustee, Fabric, SAS & Staff Teams, Founder of Church for Everyone, vocations.

Lisa Battye ( 0.5 Team Vicar) : Shared responsibility with Rector, Focal Minister 11 am congregation, personal journey, supervision of learners, pastoral care, General Synod.

Cate Allison (Curate) : Focal Minister at St Paul’s, Withington

Augustine Ihm Tanner ( Curate, ordained priest July 22 ) Focal Minister for online broadcast and St Nicholas’s, Burnage, inclusion, Didsbury CE Primary School, Home Group Support Alexa McDonnell ( Curate, ordained deacon July 22 ): Focal Minister 6.15pm congregation, young adult mission, Hands Across the Mersey Project

Katrin Alldavoodi ( Curate, ordained deacon July 22 ): Focal Minister 12.30pm Farsi Community, monthly prayer meeting, West Didsbury CE Primary School

Christine Sandiford ( Curate, OLM ): Governance and clergy support

Lay Staff

The Rector together with the PCC have agreed the following areas of responsibility for the lay staff:

Claire Mauchline ( Parish Manager ): Parish management and administration, staff supervision. Wendy Brown (Parish Administrator ): Supporting the Parish Manager

St James' and Emmanuel Church: Annual Report 2022

Darrel Lowe ( Site Manager ): General duties and fabric management. Rachel Bundock ( Children and Youth Team Leader ): Leader for all children and youth work Lewis Meaden ( Director of Worship ): Worship vision, rotas, recruitment, and training of musicians Catrin Meaden ( Director of Worship ): Worship vision, rotas, recruitment, and training of musicians Alison Steadman ( Finance Officer ): Supporting the Treasurer.

Readers

In addition to leading, preaching, and occasional offices the Readers have the following responsibilities:

Chris Martin : Focal Minister 11 am congregation, St James Consort, Home Communions Mandy Mullins: Focus at the 6.15pm congregation Ray Shaw: Focal Minister 10.30 am congregation Steve Penny : Focal Minister 11 am congregation, Men’s Ministry

Ordinand

Patrick Thom : Leading, Preaching, Discipleship and Mission

Associated Ministers

Revd Philip Dobson (Retired Priest) : Leading, preaching, occasional offices, pastoral care, Home Group Revd Jane Whittell (NSM Curate & ordained priest, PTO) : Leading, preaching, occasional offices, pastoral care

Authorised Lay Ministry (ALM)

José Hacking ( Mission, Pastoral Care ): Courses, Discipleship. Catherine Parkin ( Pastoral Care ): Coffee and Communion/Chat, Pen Pals Helen Denham ( Pastoral Care ): Coffee and Communion/Chat, Dementia Care Sue Bruce ( Pastoral Care ): Pastoral Care Jenny Courtney ( Mission ): Farsi Ministry Fara Salemi ( Mission ): Farsi Ministry

Associated Ministry Leaders

Michael Pollard ( Home Community Café Manager ): Direction, oversight and operational management, diversity and inclusion work.

Tom Twongyeirwe ( Oversees Placement till Mar 2022 ): Inclusion and diversity, preaching, Home Café support

‘Belonging’ in an inclusive and diverse parish

The main ways in which St James and Emmanuel accomplished its vision to nurture belonging in 2022 were as follows:

St James' and Emmanuel Church: Annual Report 2022

‘Believing’ in an inclusive and diverse parish

The main ways in which St James and Emmanuel accomplished its vision to nurture believing in 2022 were as follows:

St James' and Emmanuel Church: Annual Report 2022

‘Becoming’ in an inclusive and diverse parish

The main ways in which St James and Emmanuel accomplished its vision to nurture becoming in 2022 were as follows:

St James' and Emmanuel Church: Annual Report 2022

Associated Ministry in the Local Community

Home Community Cafe

Home Community Café is an independent organization with Trustees appointed by the PCC of the church. 2022 provided ongoing challenges for the Home Café team and these were met with creativity and resourcefulness.

The Parish Hall Charity (No. 6)

Trustees of this separate charity are appointed by the PCC. The charity works for the benefit of St James and Emmanuel as well as renting out its rooms to local charities and other organisations.

The Global Community

Mission Team

2022 was the third and final year of our pledged support to the mission partners selected at the end of 2019. Our budget for the year of £ 30K enabled us to fulfil our previous financial pledges to partners. In addition, a single donation of £ 500 was given to L ’ Arche to support the two houses in Ukraine and a single donation of £ 1K to Tom Twongyeirwe for Universal Coalition of Affirming Africans (UCAA) as he returned to Uganda.

In 2022 we completed the process of selecting new partners for the next three-year period 2023 -25. The new partners are: Potters Village, L ’ Arche, Hands Across the Mersey, Dignity, Life Centre Salford, UCAA and Evangelising Asia.

We enter 2023 with £ 3.7K as a buffer against any fall in future income and to allow for gifts to support unforeseen emergencies around the world that may occur and a budget of £ 30K which is a blessing and encouragement to those partners we support.

Parochial Church Council (PCC)

The PCC met three times virtually and four times with a choice of in person or virtually. The Standing Committee did not meet but were consulted by email on two decisions to be made. A summary of the PCC’s business is listed below:

January Health, Safety and Safeguarding – DBS checks in process. Rachel Bundock agreed to be Deputy to Joyce Thom. Defibrillator fitted to exterior wall of Parish Centre. Finance – Update on 2021-year end position. Parish Share paid in full. SAS minutes. Rector’s Update – Christmas. Continuing provision of Online broadcast. Congregations – Parish Weekend (Sept.2022). Platinum Jubilee. Revitalise Wythenshawe.

Fabric – New Architect appointed for Emmanuel lighting and decorating and St. James Vestry Project. New Fabric Policy.

Inclusion – Living in Love and Faith process.

St James' and Emmanuel Church: Annual Report 2022

Staffing – Jenny McLoughlin resigned, Rachel Bundock taking up the four hours in addition for the Children, Families and Youth Team Leader.

March

Health, Safety and Safeguarding – National Safeguarding Policy approved and must be available on Church website. DBS checks continue to be processed. One safeguarding issue being investigated.

Finance – General Fund update. Approval of Annual Report, Accounts & Letter of Representation. SAS minutes.

Congregations - . Online broadcast survey results. Platinum Jubilee event. Weekend away.

Rector’s Update - “Hands across the Mersey” project. Alexa McDonnell as Curate at William Temple will be the link person. Forging a partnership by sharing resources. Mission Communities - Rev. Richard Young appointed as Co-ordinator. Parish Profile for St. Paul’s. Tier 5 applicant unlikely. Ukraine – our church registered to “assist”. Fabric – Emmanuel – Lighting and decorating quotes received. St. James vestry project update. Boundary wall needing work. Chancel roof, plaster drying out. Home Café – Appointment of Trustees.

Staffing – Parish Manager request to reduce hours. Possible employ additional person.

May APCM meeting

May Additional meeting – Pastoral reorganisation – discussion with Archdeacon and Area Dean.

May Health, Safety and Safeguarding – One incident of safety reported. Full risk assessment to be prepared before full immersion pool used because of water heater. Elections – Lay Officers and Standing Committee. SAS. Staffing. Health & Safety Officer for Buildings.

Finance – General Fund update, especially mentioning our utility costs. Different ways of communication to be explored. SAS minutes.

Congregations – Online broadcast update. Summer services. Platinum Jubilee. Weekend away.

Rectors Update – Pastoral reorganisation and Mission Communities update. Dates for Rector’s Sabbatical.

Fabric – Emmanuel – Lighting and Decorating update. St. James- vestry project update. Staffing – Vacancy advertised for Parish Administrator.

July Health, Safety and Safeguarding – No incidents. Covid – numbers increasing steps being taken to reassure everybody is safe.

Finance – General Fund update. Usual rental/income has helped but we may still need to make cuts. SAS minutes.

Congregations – Summer services provision.

Rector’s update – Pastoral reorganisation and Mission Communities. Rev Cate Allison to be licenced as Team Curate of St. Paul’s, Withington with St. James and Emmanuel. Foundations for Ministry course run by the Diocese

Fabric – Emmanuel – Lighting and Decorating update. St. James vestry project – drawings from feasibility study available to view.

St James' and Emmanuel Church: Annual Report 2022

Staffing – ALM reauthorisation. Appointment of Parish Administrator.

October

Fabric – Emmanuel – lighting and decorating update. St. James vestry project update.

Fabric – Emmanuel - decorating complete, lighting project still needs parts. St. James vestry project – costings being prepared.

Congregations – New lay assistants appointed. New Farsi service structure.

2.4 Plans for the New Year (2023)

In 2023 there will be significant changes if the PCCs of St James and Emmanuel, St Paul’s, St Nicholas’s, and St Chad’s agree to the formation of a multi-parish benefice. This will require a significant investment of time and a change in roles and expectations.

‘Belonging’ to an inclusive and diverse parish in the year ahead

St James' and Emmanuel Church: Annual Report 2022

‘Believing’ in an inclusive and diverse parish in the year ahead

‘Becoming’ in an inclusive and diverse parish in the year ahead

2.5 Financial Review

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and FRS102 SORP 2016.

2022 has seen a decrease in our giving to the General Fund of almost £14k (5%) compared with 2021. Our rental income however has grown by £20k as a result of our parish centre being fully utilised for the complete year returning to 2019 income levels of £48k. Our church continued to host a vaccine centre meaning that church rental income was maintained at £30k. Our occasional service fees increased by £6k on 2021 due to additional weddings (£4k) and funerals (£2k). Our grant funding income reduced by £3k as no staff were furloughed. Instead, a grant of £2.5k was gratefully received for the hike in our energy costs. Toddler group income returned to 2019 levels of £5k, an increase of £3k on 2021. Expenditure has increased, notably in the area of building expenses due to the hike in our energy costs

St James' and Emmanuel Church: Annual Report 2022

from October 2022 onwards of some £10k and with an increase of almost £4k on our cleaning costs. Ministry costs grew by £5k with some essential maintenance required on our website, an Alpha course and digital communication generally. However, this has generated a saving on our administration costs. Parish Share of £153k has been paid in full. Overall, we managed to maintain our level of free reserves (general reserves not committed to specific projects or invested in assets for the use of the Parish). Our General Fund at the end of the year was £40k having transferred £12k to our fabric fund to help provide necessary finance for essential maintenance in 2023. The Stewardship and Strategy Team continue to focus on growing our giving. We have and continue to pay close attention on our expenditure so that we balance the books by the year end.

In 2022 the Fabric Fund benefitted by donations of £5k, a VAT refund of £16k and transfers of £87k from the Legacy and General Funds. £110k was spent; split £91k on the Emmanuel toilet refurbishment, decorating and lighting system, £3k on tree pruning at Emmanuel, £12k on roof repairs, noticeboard, and feasibility study at St James and £3k on radiators in the Parish Centre. The balance at the year end on this fund amounted to £18k of which £16k is for general purposes.

Of the Legacy fund established in 2019, interest of £1.5k was received and £77k was spent in 2022; split £69k on Emmanuel toilet refurbishment, decorating and lighting system and £8k on missional activities, supporting mainly the South East Asia ministry newly established in 2021. This fund had a balance at the year end of £122k.

The Mission Account has a balance at the end of the year of £4k having received an allocation from the General Fund of £30k of which £28k was given to mission partners.

Turning to the Restricted Funds which are amounts not available for general purposes:

The Coffee Concert Fund benefitted from donations for concert performances of £11k and this was given predominately to St James and Emmanuel and the Royal Northern College of Music Awards Fund with the remainder spent on the usual concert expenses. The balance on this fund at the year end was £3k.

The Emmanuel NIF Fund benefitted from two further grants totalling £3k from Manchester City Council for the installation of a defibrillator and bike stands outside the Parish Centre. The grant monies were spent in the year, leaving a balance on the fund of £2k for maintenance of the changing places facility.

The Lizzie Lowe Legacy raised funds in 2022 of £20k, and spent £20k. Of the balance on this fund at the end of the year of £17k, £4k related to Didsbury Pride, £5k for a new “Youth café” and £8k for general purposes of this restricted fund.

The Parish Project Fund which essentially represents the value of the Parish Centre, including fixtures and fittings, has a year end balance of £930k, as a result of the building being valued in 2018 in accordance with the accounting policy agreed by the PCC.

The Poverty Action Fund continues for the Farsi speaking community predominately. In 2022, donations of £7k were received and £7k was spent on the Farsi mission, leaving a balance at the year end of £9k.

There was no movement on the St James Organ Fund , as this represents the asset value of £49k.

St James' and Emmanuel Church: Annual Report 2022

Finally, we hold Endowment Funds of £15k, which represent the market value of these investments as at 31 December 2022.

Overall, the net deficit in 2022 amounted to £80k leaving a total fund balance at the year end of £1,227k; split £200k unrestricted, £1,011k restricted and £15k endowment funds.

2.6 Grant Making Policy

Gifts to external organisations and individuals are considered by the Mission Team, who is allocated at least 10% of our voluntary general income each year. The priority is to meet the financial commitments to the mission partners with whom we are linked. Other issues are considered including financial support for development projects associated with our mission links.

2.7 Reserves Policy

The PCC has formalised a policy of holding reserves sufficient for the foreseeable needs of the Parish. A Fabric Fund is topped up by any surplus funds on the General Fund such that an amount is set aside to meet capital expenditure. The level of free reserves (general reserves not committed to specific projects or invested in assets for the use of the Parish) are anticipated to be between two- and three-months’ budgeted expenditure, which currently equates to somewhere between £68k and £101k. At the year end the free reserves of £56k were below the desired range.

The PCC has the power to invest the church’s available funds. Any changes to the Investment Policy must be approved and minute by the PCC.

2.8 Risk Management

The PCC has considered and identified the key risks affecting the charity, which are believed to be:

In order to minimise these risks, the PCC or a subcommittee thereof hold regular meetings to address those risks identified concentrating on building issues, development of policies and regular reviews of financial information. In addition, a major Health and Safety audit of our buildings was undertaken in 2021 and the risks identified will continue to be addressed as an on-going exercise with a view to balance maintenance expenditure with retention of funds for longer-term projects.

All major insurable risks are subject to normal Churches and employers’ insurance.

We formally adopted the National Safeguarding Policy in March 2022 to replace our Child Protection Policy. Safeguarding training is undertaken in accordance with this Policy.

St James' and Emmanuel Church: Annual Report 2022

Joyce Thom continued as Safeguarding lead and as from September 2022 has been supported by Catriona Arundale, replacing Rachel Bundock who had been deputy prior to this. Appointment of new deputy has yet to be formalised by PCC.

2.9 Statement of PCC Responsibilities

The PCC are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Law applicable to charities in England and Wales requires the PCC to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the PCC are required to:

The PCC are responsible for keeping proper accounting records which 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. 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 20 March 2023 and signed on its behalf by:

Revd Dr Nick Bundock, Rector

11 April 2023

St James' and Emmanuel Church: Annual Report 2022

Section 4: Financial Statements

SUMMARY OF FUNDS FOR THE YEAR ENDED 31 DECEMBER 2022

Gains
Opening and Surplus Closing
Balance Income Expenditure losses Transfers (Deficit) Balance
£ £ £ £ £ £ £
Unrestricted Funds
General Fund 40,224 434,770 (391,327) (43,203) 360 40,464
General-Asset Fund 16,680 - (2,944) 2,950 6 16,686
Fabric Fund 20,076 21,394 (110,112) 86,565 (2,153) 17,923
Legacy Fund 196,765 1,478 - (76,732) (75,254) 121,511
Mission Account 1,291 4 (27,971) 30,420 2,453 3,744
Total Unrestricted 275,036 457,646 (532,354) - - (74,708) 200,328
Restricted Funds
Coffee Concert Fund 2,735 10,755 (10,607) - 148 2,883
Emmanuel NIF Fund 4,985 2,868 (5,395) - (2,527) 2,458
Lizzie Lowe Legacy 17,345 19,719 (19,607) - 112 17,457
Parish Project Fund 931,368 - (955) - (955) 930,413
Poverty Action Fund 8,377 7,335 (6,975) - 360 8,737
St James Organ Fund 49,256 - - - - 49,256
- - - -
Total Restricted 1,014,066 40,677 (43,539) - - (2,862) 1,011,204
Endowment Funds 17,318 - - (2,029) - (2,029) 15,289
Total 1,306,420 498,323 (575,893) (2,029) - (79,599) 1,226,821

Unrestricted Funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

The General Fund is used to record all other income and expenditure of the PCC other than that noted below and is used to fund the general running costs of the Parish. The General–Asset Fund represents the General Fund assets held.

The Fabric Fund is maintained to allocate and monitor expenditure on the fabric of the buildings. Other than specific donations, funds are transferred from the General Fund to meet these costs.

The Legacy Fund represents a bequest received and is designated to ensure that monies are distributed in accordance with PCC policy.

The Mission Account is an allocation of General Fund income and this is spent supporting mission activities in the UK and overseas.

Restricted funds represent monies given by a donor with a specific restriction on their future use.

The Coffee Concert Fund records the monies raised, expenses incurred and donations given towards St James and Emmanuel and Royal Northern College of Music Awards Fund.

The Emmanuel NIF Fund is to manage the expenditure of grants received from the Manchester City Council Neighbourhood Investment Fund – see note 4.

The Lizzie Lowe Legacy represents monies raised and spent on working towards inclusion in its widest aspect, predominately amongst young adults.

The Parish Project Fund records the monies raised and expenses incurred towards the building of the Parish Centre. The Poverty Action Fund represents monies raised and expenses incurred on hardship projects.

The St James Organ Fund represents the funds raised towards the replacement of St James’ organ and its further use on an ongoing basis.

Endowment Funds are funds, the capital of which must be maintained; only the income arising from the investment of the endowment may be used.

St James' and Emmanuel Church: Annual Report 2022

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2022
2022
2022
Note
£
£
£
INCOMING RESOURCES
Voluntary
income
2a
306,180
18,493
-
Activities for
generating
funds
2b
86,900
1,244
-
Income from
investments
2c
2,342
-
-
Income from
church
activities
2d
45,077
20,940
-
Other
incoming
resources
2e
17,147
-
-
TOTAL INCOMING
RESOURCES
457,646
40,677
-
RESOURCES USED
Fundraising
costs
3a
48,908
2,508
-
Church
Activities
(see note 5a)
3b
479,548
41,031
-
Governance
costs
3c
3,898
-
-
TOTAL
RESOURCES
USED
532,354
43,539
-
NET INCOMING
RESOURCES
BEFORE
TRANSFERS
( 74,708)
(2,862)
-
Transfers
between
funds
7
-
-
-
NET INCOMING
RESOURCES
( 74,708)
(2,862)
-
GAINS ON INVESTMENT ASSETS
On
revaluation
8
-
-
( 2,029)
NET MOVEMENT
IN FUNDS
( 74,708)
( 2,862)
( 2,029)
Balances brought
forward at 1
January 2022
275,036
1,014,066
17,318
BALANCES
CARRIED
FORWARD AT 31
DECEMBER 2022
200,328
1,011,204
15,289		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2022
2022
2022
Note
£
£
£
INCOMING RESOURCES
Voluntary
income
2a
306,180
18,493
-
Activities for
generating
funds
2b
86,900
1,244
-
Income from
investments
2c
2,342
-
-
Income from
church
activities
2d
45,077
20,940
-
Other
incoming
resources
2e
17,147
-
-
TOTAL INCOMING
RESOURCES
457,646
40,677
-
RESOURCES USED
Fundraising
costs
3a
48,908
2,508
-
Church
Activities
(see note 5a)
3b
479,548
41,031
-
Governance
costs
3c
3,898
-
-
TOTAL
RESOURCES
USED
532,354
43,539
-
NET INCOMING
RESOURCES
BEFORE
TRANSFERS
( 74,708)
(2,862)
-
Transfers
between
funds
7
-
-
-
NET INCOMING
RESOURCES
( 74,708)
(2,862)
-
GAINS ON INVESTMENT ASSETS
On
revaluation
8
-
-
( 2,029)
NET MOVEMENT
IN FUNDS
( 74,708)
( 2,862)
( 2,029)
Balances brought
forward at 1
January 2022
275,036
1,014,066
17,318
BALANCES
CARRIED
FORWARD AT 31
DECEMBER 2022
200,328
1,011,204
15,289		 Total
Funds
2022
£		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2021
2021
2021
£
£
£		 Total
Funds
2021
£
306,180
18,493
-
86,900
1,244
-
2,342
-
-
45,077
20,940
-
17,147
-
-
457,646
40,677
-
D
48,908
2,508
-
479,548
41,031
-
3,898
-
-
532,354
43,539
-
( 74,708)
(2,862)
-
-
-
-
( 74,708)
(2,862)
-
TMENT ASSETS
-
-
( 2,029)		 324,673
88,144
2,342
66,017
17,147
498,323
51,417
520,578
3,898
575,893
(77,570)
-
(77,570)
( 2,029)		 305,860
20,825
-
68,187
1,653
-
2,316
-
-
24,398
10,420
-
6,472
3
-
407,233
32,901
-
37,211
1,092
-
505,711
23,149
-
3,794
-
-
546,716
24,241
-
(139,483)
8,660
-
-
-
-
(139,483)
8,660
-
-
-
2,177		 326,685
69,840
2,316
34,818
6,475
440,134
38,303
528,860
3,794
570,957
(130,823)
-
(130,823)
2,177
( 74,708)
( 2,862)
( 2,029)		 ( 79,599) (139,483)
8,660
-		 (128,646)
275,036
1,014,066
17,318		 1,306,420 414,519
1,005,406
15,141		 1,453.066
200,328
1,011,204
15,289		 1,226,821 275,036
1,014,066
17,318		 1,306,420

St James' and Emmanuel Church: Annual Report 2022

––

BALANCE SHEET AT 31 DECEMBER 2022

Note
FIXED ASSETS
Investments
9a
Tangible Fixed Assets
9b
Total Fixed Assets
CURRENT ASSETS
Debtors
10a
Concessionary Loans
10b
Cash at bank and in hand
Total Current Assets
LIABILITIES: amounts falling due within one
year
11
NET CURRENT ASSETS
NET ASSETS
FUNDS
Unrestricted
12
Restricted
12
Endowment
12
TOTAL FUNDS		 2022
£
15,289
1,000,159
1,015,448
35,068
-
214,968
250,036
( 38,663)
211,373
1,226,821
200,328
1,011,204
15,289
1,226,821		 2021
£
17,318
1,001,780
1,019,098
26,456
2,000
280,374
308,830
(21,508)
287,322
1,306,420
275,036
1,014,066
17,318
1,306,420

Approved by the Parochial Church Council on 20st March 2023 and signed on its behalf by:

Revd Dr Nick Bundock, Rector

Mrs Hilary A Lowe, Treasurer

St James' and Emmanuel Church: Annual Report 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES

Basis of preparation and assessment of going concern

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, the Charities Act 2011, the Statement of Recommended Practice: Accounting and Reporting by 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 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value except for the valuation of investments and fixed assets which are shown at their market value at 31 December 2022.

The financial statements include all transactions, assets, and liabilities for which the PCC is responsible by 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.

The charity constitutes a public benefit entity as defined by FRS 102.

The PCC consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. Collections are recognised when received on behalf of the PCC. Planned giving receivable that is gift aided is recognised only when received. Income tax recoverable on gift aid donations is recognised when the income is recognised.

Legacy gifts are recognised on a case-by-case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date.

Interest on fund held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Funds raised by events are shown gross.

Rental income from the letting of church premises is recognised when the rental is due.

Income from government grants and other grants, whether capital or revenue, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable the income will be received and the amount can be measured reliably and is not deferred.

Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted as a liability and shown on the balance sheet as deferred income.

Realised gains or losses are recognised when investments are sold. They are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired after the first day of the financial year. Unrealised gains or losses are taken to the Statement of Financial Activities on revaluation of investments at 31 December 2022.

St James' and Emmanuel Church: Annual Report 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

Expenditure Recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measure reliably.

All expenditure is accounted for on an accrual’s basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings as described in the relevant note to the accounts.

Pensions

The PCC offers a stakeholder pension scheme to all employees. The insurers of the scheme hold the assets of the scheme separately from those of the PCC. The pension cost charge represents contributions payable by the Church to the fund for qualifying staff. The PCC has no further liability to the pension funds beyond these contributions.

Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities as incurred over the term of the lease.

Fixed assets

Consecrated land and buildings and moveable church furnishings

Consecrated and benefited property is excluded from the financial statements by the Charities Act 2011.

No value is placed on moveable church furnishings held by the churchwardens on special trust for the PCC and require a faculty for disposal, since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities (SOFA).

Other land and buildings

The Parish Centre is valued every 5 years and stated at its revalued amount. It is therefore not deemed necessary to depreciate the building. Any expenditure on maintenance or improvement is written off as incurred.

Fixtures and fittings

Fixtures and fittings are depreciated at 15% on a reducing balance basis with the exception of the Walker organ which is valued at purchase cost and will not be subject to depreciation in view of its deemed market value being significantly more than cost. Items of equipment that cost less than £2,500 are written off in the period in which they are acquired.

Financial Instruments

The PCC has made a concessionary loan. This is initially recognised at transaction value and subsequently measured at settlement value.

St James' and Emmanuel Church: Annual Report 2022

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

2 INCOMING RESOURCES Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
£ £ £ £
2a Voluntary income
Giving:
Gift Aid donations 207,598 13,454 221,052 223,594
Tax recoverable 51,662 3,391 55,053 56,249
Other giving 36,460 798 37,258 35,273
Donations:
For specific causes 4,900 850 5,750 11,569
Bequest 5,560 - 5,560 -
306,180 18,493 324,673 326,685
2b Activities for generating funds
Church Hall rental income 47,544 - 47,544 31,501
Church rental income 29,514 - 29,514 29,188
Office income 4,854 - 4,854 3,857
Fundraising income 4,988 1,244 6,232 5,294
86,900 1,244 88,144 69,840
2c Income from investments 2,342 - 2,342 2,316
2d Income from church activities
Occasional service fees 16,092 - 16,092 10,312
Grants received (see note 4) 2,500 10,082 12,582 14,962
Toddler groups 4,650 - 4,650 1,970
Other activities and events 21,835 10,858 32,693 7,574
45,077 20,940 66,017 34,818
2e Other incoming resources
Insurance claims - - - 335
Grants received (see note 4) 17,147 - 17,147 6,140
17,147 - 17,147 6,475
TOTAL INCOMING RESOURCES 457,646 40,677 483,459 440,134

St James' and Emmanuel Church: Annual Report 2022

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

3 RESOURCES USED Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
£ £ £ £
3a Fundraising costs
Staff costs:
Wages & salaries 14,308 - 14,308 11,037
Church hall running and maintenance costs 33,796 1,635 35,431 25,808
Depreciation
Parish Centre - Fixtures and Fittings - 819 819 963
Fundraising costs 805 54 859 496
48,908 2,508 51,417 38,303
3b Church Activities (see note 5a)
Church giving to mission (see note 6) 27,890 - 27,890 30,540
Poverty Action Group - 5,713 5,713 5,351
Parish Share (Diocesan costs) 153,000 - 153,000 150,000
Buildings:
Premises Maintenance 115,593 3,487 119,080 175,498
Cleaning, insurance Council tax &
utilities 36,599 - 36,599 28,907
Church Hall running and maintenance 5,633 273 5,906 4,301
Clergy expenses 5,200 - 5,200 4,984
Occasional service expenses 8,863 - 8,863 6,379
Ministry team expenses 35,671 3,634 39,305 31,023
Youth and children's work 953 - 953 1,002
Toddler groups 710 - 710 516
Staff costs:
Wages & salaries 51,961 3,590 55,551 49,483
Expenses 3,127 - 3,127 6,380
Training 736 - 736 1,362
Office expenses 8,241 - 8,241 8,175
Refreshments 755 - 755 408
Depreciation
Fixtures and Fittings 183 136 319 376
Equipment 2,761 672 3,433 3,518
Bank and card processing charges 352 96 448 315
Other activities and events 20,180 23,430 43,610 19,446
Flowers 1,139 - 1,139 895
479,548 41,031 520,578 528,860

St James' and Emmanuel Church: Annual Report 2022

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

3 RESOURCES USED (Cont.) Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
£ £ £ £
3c Governance costs
Independent Examiners Fee 1,388 - 1,388 1,344
Finance costs 90 - 90 89
Staff costs:
Wages & salaries 2,420 - 2,420 2,361
3,898 - 3,898 3,794
TOTAL RESOURCES USED 532,354 43,539 575,893 570,957
4 GRANTS RECEIVED
4a Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
£ £ £ £
Revenue grants from government and
public bodies
HMRC - Coronavirus Job Retention
Scheme - - - 6,962
Manchester City Council Neighbourhood
Investment Fund - 8,997 8,997 8,000
The Listed Places of Worship (LPW) Grant
Scheme 17,146 - 17,146 6,140
Total public sector revenue grants 17,146 8,997 26,143 21,102

Grants were received from the HMRC Coronavirus Job Retention Scheme towards wages of furloughed staff due to the Covid-19 pandemic.

The grants received from the Manchester City Council Neighbourhood Investment Fund were monies made available to communities to make neighbourhoods better places to live. In 2022 the following grants were received; £1,900 for the installation of a defibrillator, £960 for the installation of new bike racks and £6,129 for Didsbury Pride, which was managed through Lizzie Lowe Legacy fund. (2021 - £5,000 was towards the Changing Places installation at Emmanuel and £3,000 towards Didsbury Pride.)

The Listed Places of Worship (LPW) Grant Scheme gives grants that cover the VAT incurred in making repairs to listed buildings in use as places of worship. The PCC receives these funds as a reimbursement of VAT paid on eligible expenditure.

4b Other Grants received – 2022 £2,500 (2021 nil).

St James' and Emmanuel Church: Annual Report 2022

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

5 CHURCH ACTIVITIES

5a Expenditure on church activities is 2022
as follows:
£
Activities undertaken directly 491,180
Grant funding and donations 43,656
Support costs (see note 4b) 28,127
562,963

5b Support costs

The allocation of support costs, including pension contributions to defined contribution plans, has been based on the estimated proportion of time costs of the individual members of staff and the expenditure related to their activity. The overall allocation is as follows:

is as follows:
2022
£
Support staff salary costs 18,988
Office expenses and bank charges 4,568
Depreciation: Fixtures & Fittings 4,571
28,127
5c Total staff costs 2022 2021
£ £
Salaries 70,808 61,514
Employer’s contributions to defined
contribution pension schemes 1,471 1,367
Social security costs - -
72,279 62,881

The clergy stipends are paid directly by the Diocese and are not included above. No employee received employee benefits excluding employer pension costs of more than £60,000 per annum.

2022 2021
Number Number
The average number of employees was as follows:
Support & Lay workers 1 1
Management & administration 2 2
3 3

St James' and Emmanuel Church: Annual Report 2022

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

5d Trustees' expenses

Members of the PCC receive no remuneration for acting as such. The expenses paid to the trustees in the year totalled £11,841 (2021-£12,493). 9 trustees were reimbursed. Clergy expenses (to 5 trustees) totalling £2,957 (2021-£2,429) for travel, hospitality, phone, internet, and mobile costs were paid. Other Clergy expenses (to 5 trustees) relating to expenses of office totalling £1,100 (2021£1,221) for training, books, subscriptions, robes etc were paid. £7,784 (2021-£8,843) were reimbursed to 7 trustees to pay for materials and items for church activities and fundraising costs.

6

MISSION GIVING 2022 2021
£ £
General Mission Fund:
Christian Aid - 500
Daniel Eswarappa - Evangelising Asia 5,000 5,350
L’Arche Manchester 4,190 4,540
L’Arche – Ukraine 500 -
Ozanne Foundation 2,500 2,850
Tom Twongweirwe for Universal Coalition of Affirming Africans 1,000 -
Potter's Village 5,000 5,350
K L Roberts - No Barriers Foundation 2,300 2,300
Samara’s Aid Appeal 2,400 2,750
St James and Emmanuel - Harvest Care 4 Calais Afghan appeal - 200
Tearfund 2,500 3,850
The Message Trust 2,500 2,850
Total Mission Giving (from Church Fund Tithe) 27,890 30,540
Admin, Expenses and Bank Charges 81 97
27,971 30,637

St James' and Emmanuel Church: Annual Report 2022

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

7 FUND TRANSFERS

FUND TRANSFERS
Transfer Unrestricted Restricted
Amount Funds Funds
2022 2022 2022
£ £ £
From General Fund to General-Asset Fund 2,950 - -
From General Fund to Mission Fund 30,420 - -
From General Fund to Fabric Fund 17,733 - -
From Legacy Fund to General Fund 7,900 - -
From Legacy Fund to Fabric Fund 68,832 - -
- -
8 UNREALISED GAINS/LOSSES IN INVESTMENTS AND UNREALISED GAINS/LOSSES IN INVESTMENTS AND UNREALISED GAINS/LOSSES IN INVESTMENTS AND FIXED ASSETS FIXED ASSETS
Unrealised gain on investments: 2022
£
Market value at 31 December 2022 15,289
Market value at 31 December 2021 17,318
Gain (details shown in note 8a) (2,029)
Represented by:
Unrealised gain arising from change in market value (2,029)
9 FIXED ASSETS FOR THE USE BY THE PCC
9a Investments
The investments are endowment funds.
Shares / Market Market
Nominal Cost Value Value
Value 2022 2021
£ £ £
CC & M Ellis Memorial Fund:
CBF INV FUND 124001141S** 740.52 2,116 15,289 17,318
Total 2,116 15,289 17,318

St James' and Emmanuel Church: Annual Report 2022

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

9b Tangible Fixed Assets Freehold Fixtures, Total
land and fittings &
Buildings Equipment
£ £ £
Cost or Valuation
At 1 January 2022 1,045,922 144,305 1,190,227
Additions during the year - 2,950 2,950
At 31 December 2022 1,045,922 147,255 1,193,177
Depreciation
At 1 January 2022 120,922 67,525 188,447
Charge for the year - 4,571 4,571
At 31 December 2022 120,922 72,096 193,018
Net Book Value
At 1 January 2022 925,000 76,780 1,001,780
At 31 December 2022 925,000 75,159 1,000,159
The land and buildings were valued by an independent valuer, Bentley Higgs LLP, on
1 November 2018 at £925k.
2022 2021
Freehold land and buildings included above: £ £
Historical cost 1,045,922 1,045,922
Cumulative depreciation based on historical cost 120,922 120,922
925,000 925,000
10 DEBTORS
10a Debtors
2022 2021
£ £
Income tax recoverable on Gift Aid 19,474 13,484
Other debtors and prepayments 15,594 12,972
35,068 26,456

10b Concessionary Loans

A concessionary loan of £12,000 was provided to The Parish Hall Charity (registered charity number 501253) in 2017 with the approval of the PCC for essential and substantial roof repairs required at No 6 Barlow Moor Road, Didsbury. The money was lent interest free and was repaid in full in 2022. This was a related party transaction.

St James' and Emmanuel Church: Annual Report 2022

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 (continued)

11 LIABILITIES: amounts falling due within one year

2022 2021
£ £
Accruals and deferred income (38,663) (21,508)
12 FUNDS
Unrestricted Restricted Endowment Total
Funds Funds Funds Funds
£ £ £ £
The Fund values are represented by:
Investments - - 15,289 15,289
Tangible fixed assets 16,686 983,473 - 1,000,159
Assets 220,405 27,697 - 248,102
Liabilities ( 36,763) ( 1,900) - ( 38,663)
200,328 1,009,270 15,289 1,224,887

13 FINANCIAL COMMITMENTS

At 31 December 2022, the PCC has annual commitment under non-cancellable operating leases as follows:

2022 2021
£ £
Expiry date:
Within one year 3,706 926
Between one and five years 14,825 -

14 CAPITAL COMMITMENTS

At 31 December 2022 (and 2021), there were no capital commitments to report.