CHARITY REGISTRATION NUMBER 1131688 THE PAROCHIAL CHURCH COIJNCII, OF LCCLLSIASTICAL PARISH OF CHRIST CHURCII TthlPERLlI Y FINANCIAL STATElItCi NTS FOR THE YEAR EI NDED 31 DECEMBER 2023 Sempa$ Accountants Liniited Cttart¢r¢d Aceountants IS Sherbrooke C105e. Sale, CliesbiR'¢, England, M33 5SZ THII PAROCHIAL CEIURCH COUNCIL OF THEI Ei CCLESIASTICAL PARISH OF CEIIUST CIIURCH TIMPERLEI Y FINANCIAL STATEMEI NTS FOR THE YEAR ENDED 31 DECEMBEI R 2023 CONTENTS IPHg¢ Annual R¢porl of thc Parochial Churrh Council Ind¢p¢thdcmi Ex*m]rt¢￿S Rtport Sts*tment of Illnanctal Aetivltie5 Balan¢¢ Sh¢¢t Notes to the Ateounts 10-18 THE PAROCHIAL CHURCH COUNCIL OF THEI ECCLESIASTICAL PARISH OF CHRIST CHURCH TILVIPERLEY Allnual Report for 2023 Introdu¢tio The purpose of Timperley PCC is to WOHI with the incumbent and th¢ii assistant clcrgy in proFnoting"thc Gospel message thi'oughout th¢ Porish of Timperley. The message is promoted through outrea¢h, worship, pastoral wo]k, and fcllowship and by cc-operation with other Chi'i5tiaii cliurches and gi'oups it] the aira. Atnon8St many memorable events that will bc mentioned in this irpoit and at the APCM, 2023 has been an eventful year in differing ways. In May we had 100 people in church for a Coronation Euoharist followed by a celebration lun¢h in the hall. June we welcomed Fr. ToEn Ruston to the Parish as curate. Following a brEef stay in Macclesfield, Fr. Tom and his new wife, Amy, moved into Grange Av¢nu¢ in September. Sadly. Mrs. Judith Woolley, one of our two Church Wardens died in August, following a short illnes4 the ¢ntiiE Parish is indebted for her deep eommitment, support and ¢are over many years and the Parith is honouring her legacy by developing the life and mission of the Church. In Ootober, the Parish elected Mr. David Bolton to serve as a Church Warden alongside Mr. Stephen Taylor, the Parish is grateful for their generosity ot time and energy. We were delighted that on¢ of our ¢ongregation, Mr9 C.aiDI Brook8-Johnson was qelected to train for the priesthood at Emmanuel c.ollege and that Ihc Bishop has allowed Carol lo havc hcr placcmcnt in thc Parish. Wc wclcorned Bishop Sani to confirEn our eonfmalion ¢andidates at Holy Cros& alongside othei's from a¢iDss the Deonery. Jo tli¢ autvmn, together with other local churches, we led an Alplw Course at Bi'amley Fam] and finally at Christmas It was very plcasing to note thB good attendance at services across both ¢huich¢s. Chureh Lo￿tIonS Holy Cross.. Park Road, Timperley. Cheshire, WA15 6QG Christ Church: Thorley Lan4 Timperl¢y, Cheshir4 WAI5 7AW Membei3bip Memher.% of the PC.e are either ex officio or elected by the Annual Paixthial Church Meetin8 (APCM) in accordttnee with ch￿￿h Representation Rules. There are also representatives on both the Dio¢esan Synod and Bowdon Deaneiy Synod. During the year, th¢ following s¢rv¢d as m¢mb¢rshrust¢￿ of the PCC.. TIM Yle41r.' Rev￿ rftlherSteplieN Dmiiton Rewl Fryibet Towj (froittJ&ue 2ts23} siépliÉJi Trtyloi, Jiihlih IYth)Ilty(ioATrgttst2ts23) Dovldbolroii ItrnwtOclober2623) Hvuorftrysecrethry.. CorolST•<>ki-Johiwii (io 0￿￿¢r2D13￿th) GIIIBMlplw (fropJtNoyewtber2023) Houomry TrEftsMrei.' TiniBffrlo)v Dthr¢rySyiioth. * Mdf¥4Tiel Tli0￿1￿$0n, Gotjdclilld, Frerfa Ifiirphy Elected Members: Alle•J hfomii JMrfIIi Gife& Sve Wfttsh, Jftjiei GMDS, NellProvos1, Rwibff Bxiiker, Glll Couwbell, Trrntr, LyiiwgAye5, TNylorfpftrtyearJ ElsleMrm￿￿1?iI (pftrtyvfyrj Mqtthqw Cle￿￿{p￿rty¢Th￿J MeiJrbeTsoJDeoM¢tySyisorf **C&1￿1￿￿O￿sU0￿w$0n rei1￿11￿ ftfftmkroJPCG DertiierySym￿lI1I11 fflso ftJMtiMb¢roJilJeDl￿etjfin￿1O￿. Committees: The PCC operates through a number of cornmittees, which inett between fvll meetings of the PCC. Stallding C.ommitte¢-. This committee has legal powers to t¥ansad the business of the PCC between mecting5, subject to ally directions givcn by the PCC. Independent Ex&milltr6: Sempas Accountaiits Ltd, Chart¢red Ac¢ountants, 15 Sherbrooke Close, Sale. cheshi￿ England. M33 5SZ. P&ge I THE PAROCHIAL CHURCH COUNCIL OF THf ECCLESIASTICAL PARISH OF CHRIST rHURCH TIMPERLEY Report foi. 2023 Bankers Bar¢lays Bank ple, Li￿rpoOl CCLA Inv¢strnent Managers Limitcd, (Kegistered Office) One AE)gel Lan¢, London. EC4R 3AB Coi're5pondence Addi'o&s All ¢orrespondence relatin8 to the Financial Stat¢M￿t5 should be addr¢ss¢d to Tim Barlow, 8 ThoAey Lan4 Timpei'ley. Altrincham. Chesliir< WAL5 7AZ. Investment Policies & R¢serves Restricted reserv¢5 JTe held in accoi'dan¢e with th¢ terms under Mthich they ar¢ given to the PCC at)d likcwise used a¢cordingly to fuiihei. the work of th¥ PCC. The level of ￿$triCted ￿serveS held by the PCC at any orte lime is in a¢cordan¢e with the ChaTlties Act 2011, as am¥ndcd by the Ch&rtties A¢t 2022 and will vory between the d&tes of the rcspertÉve I,'it]ancial Stat¢m¢nts through the application of the dvnur illbti'uctioa]s and the requirements of the PCC. Withdi'awa15 fTor21 the reserves are authorised by at least two authorised otYJcers ofih¢ PCC and all fullds pass thiDugli the PCC curi'ent account for all expenditure. The investment poltcy of the PCC is to m&ximisethe retuni on the ￿ndS held, whilst maintaiE]ing illstont a￿¢$$ to ￿llds And accruing no risk. Interest rates on funds in the past couple of ycays continue to he outp¢rformed by iijflation, especially in i'ecenty¢ars, howevei. following a period of Government instobility interest rates saw Substantial 8nd rapid incj'eases in th¢ b¢bcind half of 2022, with rat¢s remaining at significant]y iiiciEased levels through 2023. The avti'age IBt¢s 'enjoyed" by the PCC moved fl￿M l¢bS than IO/• during e&rly 2022 to closer to 5Q/¢) in 2023 with average returns on fullds of ¢ir¢A 4.75 /0 over the 12 months to 31 December 2023. Unrestrscted reserves air held under no specific tem)s oth¢rthan to fLwtherthc work of the PCC and to me¢t the working capital requirements of thc PC.e.. A% part of th¢ banking i'elatiot]ship the PCC have agyeed to maintain at least £5,000 at any one time in the Cvrrent aceount with Barclays Bank plc to avoid bank chai'ge5. I'he same investment pDIEcy is applicible to the5C Uni'estricted futids as the restri¢ted fvnds. The funds llscd fDr day Èa day working Gapital do not have a specific investment policy as Any reserves above £5,000 are short-term Cash flow rnovements. Each banking day any closing ¢xb¢ss Hbov¢ £5,000 i5 transferi'ed to o deposit account in which iiiterest accrues as follows, £573 in 2023 and £62 an 2022. Risk A55e55ment Thc PC.e i* exposed, a5 any organisation, to misappropi'iation ot funds by theft, deception, or misuse. Th¢ PCC has considcjrd th¢ m&t¢Yial risks and has ¢stabli5hed, by use of controls affoi'ded by itjdependeiii fJnaThcial institutions and segregation of duties. system$ whi¢h it considers will eliminate any ￿aterial opportunity of misappropi'iation of fvnds. Grant MakinE Policy The giant making policy of Timp¢i'ley PCC is detennined by the members of the Parochial Chui'ch Council assist￿ by Yecommendalions from the chuTches' representatives. The PCC agr¢ed a change in policy in 2013. The poli¢y covers several different areas of giving and is as follows.. That a percent4ge of the PCC ordinary income be reserved for the support of specific chai'iti¢s, tlie PErcents8e agreed for 2021 and the subsequent two years is just under 4Yo of ordin*ry income, bi'oadly some £2,800. Ordinary income ¢ompFises.. Planned Giving and associated Gift Aid, OTdinary plate collectiotjs and sundry income. Charities to be supported are charities at home and oVe1￿aS. Th¢ maximum time a ¢haTity may be supported is thre¢ years. The membcrs of the PCC during 2020121 dis¢ussed which chayities would be appropriat¢ to support. A d¢¢ision was made atth¢ May 2021 meetingto support three charitLe5, TIEfford Domestic Abuse, Mustard T1￿. Tear Fund, and some lOO/ of the avaslable funds in any one year will be retained for application as the PCC sees flt, for spe¢iAI requests or emergency disaster support, dyi'ing that year. 2023 there was no call for appli¢ation of those r¢seNe funds. Page 2 THE PAROCHIAL CHURCH COUNCIL OFTHEI CCLESIASTICAL PARISH OF CHIUST CHURCH TIMPERLEY AttnuAI Report for 2023 In addition lo the main poli¢y the PCC gi?i)ts dis¢r¢tion to its Individua￿ churches to support a few ¢harities by special "one-off, collections or tlie allocation of fuL)ds generated by a special event being committed to the Charity. Thc PCC also acts as a'banker" in support of ￿taill chai'ilies, wlierc Jmaterially the fund5 paid out by the PCC are ID fa¢t S52npIy tli¢ Combined donatio1￿ of ii)6mbeL'S of the Parish, as in 2022 agoin in 2023 the Chi'istin8le Seivice eollectioiis for cxample were directed to the Childr¢n's So¢i¢ty. All grants are made to 111Stitutions' il is iiot th¢ policy of the PCC to pi'ovidegrants to individuals, although the Vieai. is permitted to mak¢"hard%hip grants" to individuals but not exceedKng £50. Single gTants or acGumulated grants to any insti￿tiOn in any on¢ twelve-moAth period do not exceed £2,000. C]tui'clies Togethtr Tlmperley The PCC received regular ￿pdateS froEn Janet Groo$ meetings in the year ww¢ fO￿8¢d on planning major events for Lent, membErthip changes and prep&i?tion for Christmas. Cliurcli AttendaDce EleetorAI Roll The aYeYageEasterattendancew&s 106 adults and 12 ¢hildren. theoctobei. attendance, which is reported to thc Diocese, Bl Holy Cross was 46 adults athd 5 ¢hildi¢n and at Chiist Church 44 adults and I cliild. On Christmas Eve and ChrEstmas Day 99 p¢ople att¢nded & Holy Communion service at Christ Chur¢h and Holy CIDSS witli 88 of those attending reccivÉng communion. There are 164 parishioners on the Church Electoral Roll, 34 of whom ore not resident wÉtlun the Parish. There were seven name5 added, 4 al'e resident, but there weie eight names removed. 4 of whom were resident and 4 no￿reSident. Honorfiry Seci'etAry's Repoit This report covers the work of the Timperley P8foGhial Church Coun¢il (PCC) from January 2023 to December 2023. The PCC is a body ele¢ted by m¢mbers of the Parish of Timperl¢y whrt are on th¢ Blcctoral Roll. and congists of both lergy and lay peiEonnel, th¢ PCC mainly over.%ees thc financc8 ofihe Paiish. the worship offered and the maintenaace of the Chur¢he%, but it al.80 dcals with a lot of the other aspects of ¢hur¢h life, for exainple discussion and decisions on the use of and ¢harg¢8 relating to the Parish Hall. The PCC usually meets every 2 months. Once ele¢t¢d PCC member5hÉp i5 foF 3 years for lay members, their is also a Standing Committee ofthe PCC ivhich isEnade up frotn a subsetofPCC t￿e￿bel5 who deal withurgent matters between PCC meetings when reqU￿ed. In 2023 thr PCC mel 5 time4 but tlie Standing Coinmittee did t)ot need to me¢t. Each time it meets, the PCC receives a f￿lanCIsI report from the Honorary Treasurcr providing the late%t financÉal positio￿1. In addition to the tinances, the Church WaTdens T6POrt on what has been happcning at Chi4st Cliur¢tL and Holy Cross. We also always Gonsider what haq lTreen happcnÉng at Deanery Synod and with Chur¢hes Togethei. in Timperley, (CTIT). S'afcguarding is always on thc agcnda. Each PCC meeting usually heralds new ilems for discussion and A¢tion. The fjrst m¢eting of the year was held in January and at that meeting it was c4)nfimied that Fr Tom Ruston would join the Parish in July as Curate. There was a discussion obout th¢ Bible Study course whirh wa5 w¢ll ¢stablished with 20 people meeting at 2 home groups to study Paul's l¢tter to the Eph¢5ians. At the March meetingi thc PCC di$¢ussed ihe Alpha Course whi¢h was to begin in Sepfember along wRth meTnbers of St Alban5 and St Georges. Plan8 began for King Charles. Coronation with a joint Eucharist at Holy Cross followcd by a ParÈsh lunch. Defibrillator and CPR training was undertaken by 9 memb¢rs of the Parish at the Larkhill Community Centre. Once again, this y.ear during th¢ Manchester Marathon, Holy Cross was open for r¢fr¢shments, tollet facilÉtie5 alld suppoit. The Annual Parochial Church Meeting took place on 14 May at Holy Cross and at that meeting Aileen Moran was elected as a full PCC membei. and Linda Good¢hild and MargaiEt Thoma50n w¢re rrappointed as Deanery Synod members. Page 3 THE PAROCHIAL CHURCH COUNCIL OF'fHL LI C"C"LKSIASTICAL PARISH OF CHRIST CHURCH TIMP[I RLEY AnDuAI Report foi. 2023 In June, at the first meeting of the PCC past the APCM, the PCC seci'etary. tMsurer. standing coinmittee, vice chair. saf¢guarding oifiBer and sides peopl¢ were appointed for tlie next 12 month5. Also, at the meeting the PCC agreed to continue supporting 3 charit1￿- Mustard Tree, Trafford Domestic Abiise and Teai'fijnd during this year in Connection with its Outward Giving. Matthew Cl¢wes was elected to the PCC. During tlie Septembei. PCC mecting, a min￿¢#.S silenee was held to remembei. Judith Woolley. one of th¢ two Chureh WardBn5 and time was taken to Yefleot on her tremendvus and selfless devotion to the Church, Judith sadly died on 10th August. Judith'q funeral took place on 30 August, with a live liJ)k set up b¥lwE¢n Holy Cross Chu￿1), wh¢r¢ the seNic¢ was conducted and the Parish Hall, alld for those who ¢ould not attend the service in perbon. Father Tom Ruston, who joined Ilie PCC in June as eurale, moved into Graiige Avenue with his wite, Amy in Septsmber. Aileen Mliran was electcd as tAe lay member of the standing committee. Als9, at the In¢etin8 It was reported that a s¢rvic¢ was held at Ckn'is¢ Chuich on 2 July to celebi?te Rev John Sutton's 50 ycai's of ordained ministry and Carol Brooks-Johnson had been r￿}￿Mended for ordained mittistry. As an ordinand, C4rol would need io stand down frorn position as PCC secretary, but r¢mailla5 a memb¢i'ofthe PCC, Carol wasthanked by the members ofthe PCC for hei'.8ervice as 5eGY¢tary to th¢ committe4 because of the good news Gill Bulpkn was duly Appointed to the role of PCC secretary in Nove]Mber. Also at ih¢ Trloven]ber meeting, Caiol Brooks-Johiison &t)d Aile¢n Moran presented the pr¢paratory woi'k forihe Parent and Toddler Cyr()up "Jolly 'lotg', it is Entended that the group will start in Jdnuary 2024 at Holy Crgss. Fother Steve informed the PCC about Hcaling 8tirams Bcrpaveinent tsi'oup which is to be held on the second Mon(Idy of each month, it commenced in De¢en)ber. It was also announGed that Lynne Aves would take over from Aileen Moran as Aileen stands down as Safeguardit]g Officer from the 2024 APCM. Flnan¢lal Revlew of tbe Year For the fit)&ncial year ending 31tst D¢b¢mbei' the PCC d¢liv¢red a small d6fiGit of £6,740 wht¢h is a negligible deterioration when compaiEd with the 2022 ouLlurn (2022, £2,886 deficit) acix>8s all funds. Incomittg Re5011rc&% for the ye&r 2023 of £141,732'were signilicantly greater than the 2022 fjgure of £119,339. there were several souires of incomc thot increased fron] 2022 levels, large inci¢ases wtit r6Co￿led in donations and bequests, recognising one bequest and one donation received during the year, the oth¢i' material in¢i'ease was in tlie Ènterest i'eceived on thc dqiosit accounls as described eai'lier in thcsc Statements. The IEvel of income being generated from the letting of the Pavish Hall incTeased slightly dui.ing this year but has rcachcd its peak. Most oihei. areas of incoming resour¢e5 showed small mov¢m¢nts, but of concern is the conlinued decline in incoitte from donors, in Planned Giving, Ivhich has fallen foT a further year to IEpresent less than 30¥0 of all incoming resources. In 2023, Resourw Us¢d were some £144,200 which Compares unfavouTably to the fi8u¥e in 2022 of £122,225, the matersal reason5 (or growth expenditure, were in the main down to two areas of ¢xp¢nditure. As expected, Heat and Lighting COSt$ whi¢h had been protected in 2U22, increased with a new contract in 2023 which ren¢vt¢d mai'ket conditions. that meant the Cost line increased from £6,026 in 2022 to £14,307 in 2023, or a 137Q/o increase in cost with no ieal increase in use. The Parish had been protcctcd in 2022 by the energy basket cost which was set before the significant increases in the global cost of power, tht lategt energy basket pri¢es which th¢PCC signed up to in late 2023 will See a reduction in ¢05t in 2024. The other area ofmaterial increase betweenyeaiy was inth¢ Gravcyard and Cirounds costs, ¢&used primarily by a numberof"on¢poff' expenses, with the 2023 cost at £13,537 this was some £8,022 greater that) 2022 cost of £5,515, the material ontrDff variances were made up of th¢ following. trce work iwuiiEd at Christ Chur¢h (£4,116) the purchase and installation of railing5 for the corjsecrated 8round$ at Holy Cross (£"2,650) and the pur¢has6 of a n¢w bench for the graveyard. The PCC was d¢light¢d to w¢lcome to thc Pai'isli, Revd FatherTom Ruston and his wife Arny. a curale in another Parish in the Diocese. In September Tom and Amy moved into Grnnge Avellue atEd the third party letting ceased. but as Amy is a eurate in another Paris]i, her PCC have agreed to pay a monthly ¢on¢ribution and 51P/D of any expense associ&ted with th¢ op¢raling costs of Gi'#ng¢ Ayenue, whilst this will not eovei. the previous rental Incom¢ 8¢hiev¢d it is noTr¢ the less a welcome contribution. Page 4 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLEI SIASTICAL PARISH OF CHRIST CHURCH TIMPERLEY AnnuAI Report foi. 2023 ThB iTnpact of all the activities of ¢he Porish. noted above in the commentary and re¢(krded in the figures for 2023 is i'¢flecled in the Porish funds position, with a small reduction in both the Unregtricted Fiinds and Restyicted Funds. The eOtt]bined position of th¢s¢ two funds moved from a bi￿USht forword opening balance of £719.891 to a closin8 balanc¢ for2023 of£713,151. Within the combined funds the Restricted Fund5 de¢r￿sed fi'om at) openingposition of£124.320 to the Closing PDSitEon of £123,551. The PCC is awa￿ thut n]ost of those funds a￿ h¢ld as fixed assets, not cash, wilh th¢ actual ￿$h balances available to the PCC fil the en¢J of 2023 being £303,842. also noting that over a third of those ash funds have some restriction a$s￿l￿ted with tl)em. b) suthmary. the 2023 fjnancial po8i¢ion saw improvcm¢nt5 in some elements of incoming i'esources, 6ut the5E were offset by the notable increascs in thc cost of heat and light and on¢.off increases as explained above, leading to anothei. year of an underlying redu¢tion in funds. albeit mueh reduced from thc years pre-covid. Thus, the memb¢rs of the P.CC a¢knowledgd that until additional recurrent revenue ¢8n be generated, It is likely that the trend of fundin& bein8 an outgoing of r¢sour¢es, will mean that th¢ Parish will have to iely on usillg the Unrestricted Funds to bridge any gap betwe¥[] iniornc and expenditure. STATEMENT OF TRUSTKLS RESPONSIBILITIEI S IN RESPEvf OF TH TRIJ.8TF.ES ANNUAL REPOR'f AND THE FIIYANLIAL STATEMENTS Under charity law, the truste¢s ar6 responsible for preparing the Trustees Annual Reptsit and the financial $t&t¢ments for each finallcial y¢ar whi¢h prop¢rly pr¢s¢nt the slate of affaits of th¢ charity and of the ¢x¢ess of income over expenditur¢ for that period. In pirparing these financial statcmcnts, gcncrally accepted accounting pi'adice ¢nlai15 that the truste¢s'. select suitable accounting poliri&% and then apply them consistently. make judgements and e$tiniates that are reasonablc and prudent. State whether thc financial statements comply with Éhe tTUSt deed, subject to any maferial depaitures dis¢losed and explained in the flljancial statements.. prepare thefjnancial statements on the going concem basis unle&s it is ittappropriate to presvm¢ th3t th¢ ¢harity will continue its a¢tiviti¢y. The trustf¢5 are required to act accordance with thetrust deed of the charity. within the framework oftrust law. They are responsible for keeping proper accounting record$, su(fi¢iEnt to di5c105e at any lirne, with reasonabl¢ a¢¢ura¢y, the financial position of the charity at that time, and to ejiable the trustees to ensure that, wh¢r¢ ally 51atEinents of accounts are prePa￿d by them undei. section 132(1) of the Charities A¢t 2011, as amended by the CharÈties Act 2022, those statemenLq rif a¢¢aunts Comply with the requir¢mtnts ot regulations undet that PlDVlSiOn. They have general responsibility for taking such steps as ole reasonably open to them to safeguard the assets of the Charity and io prevent and de¢¢¢t fraud and other iriEgularitits. Page 5 THE PAROCHIAL CHURCH COW4CIL ofi TIIE II CCLfi SIASTICAL PARISH OF CHRIST CHURCH TITrIPERLlI Y Annuol Report for 2023 Dknrlng tlie yeAI' 2023, the followiiig seiwed a5 Trustees: Revd. Father Stephen Dunton Vicar- Chair Revd. Fatlier Tom Ruston Cuiate from June 2023 Stephen Taylor Judith Woolley David Bolton Church Warden Church Waixletj to August 2023 Church Warden frtsm October 2023 Carol Brook$.Johnson Gill Bulpiii Honor&ry Seoretaiy to O¢tobeJ' 2023 Honor&ry Secrelaiy from NovembeT 2023 Tim Barlow Honornry Treasurer Linda Goodchild Mhi'gaiet Thomason Freda Murphy Deaftej'y Synod Deanery Synod DeatkeTy Synod Aileen Moran Judith Giles Sue Walsh Elsie M¢Mahon Sandi'a Taylor Rouba Bunker N¢il Provost Janet Groos Gill Campbtll Carolyn Turn¢r Lynne Aves Gill Bulpi David Bolton Matthew Clewe5 APCM APCM APCM APCM (part y¢41') APCM (part year) APCM APCM APCM APC,M APCM APCM APCM IpRTt year) APCM (part year) APCM (part year) *Carol BJ'ooks-John8on served as Honorary Secretary until Octob6r 2023 after whieh Carol remainy a member of the PCC and is Also a memb¢r of both Dehnery and Diocesan Synod Slgned beb81f of Tlmperley PCC DAte: 14th Mai'ch 2024 Chair: Revd. Father St¢phen Dunton Page 6 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH TIMPERLEY INDII PENDEr￿ EXAMINER?S RIIPORT TO THE PAROCHtAL CHURCH COUNCIL OF TIIE ECCLfi SIAsficAL PARISH OF CHRIST CHURCH TIMPERLEY I rewrt to tlie Irusiees my exsminatiott of the Èceowils of tbe above eiiatily {'Ilie Tw81') fo¥ the yearended 31 December 2023, which ar¢ s¢1 out on pages 8 to 18. RESPOIYSIBILITES AND BASES OF REPORT As the P('I' ynu 3Te i'esponsihle for IhB preparatton of Ihe accounts in LccordaTKe Wit￿ the tequiremenls of the Charities Act 2011 I'the Act,) as atnended by the Charities Act 2022. I repo¥[ in respecl of my exominationof the Chaiity's accounts carried out under seelion 145 of the 201 E Act and in carrying out my Cxaminalioii. I have followed all the applicable Direction5 giv2m by the Charity Commi$5ion under section 145{5llbl of the Act. INDEPENDENT EXAMEf+lER'S STATETrtENT I have cotllpleled my ex8minalion. I confirm ihat nu muretiAI matters h&ve come to my ttrtention in connection wÈth Ih¢exom¢natlDn which gives me cause lo belteve that in. any material re5fKCt'. thF Itcounting records were not kept in aocoixl&nce with seelion 130 of the Charities Act. or the ac£ounts do JKTrt accoixl iviih tlJ¢ accounting records. or th¢ accounts do n(* co]nply with the appli¢8bl¢ r¢quiiements ¢onceMng the fonx and wntettt of ac£oun*s set out in the Clwilies (Accounts and Reports) Reg￿latIonS 2{￿8 other than any r¢quir¢met)t ihat tht ￿Count5 giv¢ a 'tru¢ ¥J￿ vi¢w which is not a con51d¢Ted 05 part of An ittdepttndenl exthiiok)tion. I hav¢ no coiiccra)s and hav¢ com¢ ￿rOSS IJO oth¢r mattus in ¢onh¢otion wtlli ¢xuminatioTh io WI￿¢￿ attention should be dr*wn this report in ord¢rto ¢n&bl¢ a ptuper understsnditsg of ihe accounts lo be reached. Susan Suchoparek FCA foi. and on behalf of.. StmPh5 Attolllltanis Ltd. ChArlered At¢ountanlsJ IS Sh¢rbiooke Closé, Salc. Ch£sbii'eJ I ngland, M33 5SZ li- Nlorc4 ZoZq- Pag¢ 7 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARtSH OF CHIUST CHURCH TIMPERLEI Y STATEMENT OF FINANCIAL ACTIVITILS For the Year Ended 311)eeember 2023 Uiivestrie¢ed Fun(Js R¢5trieted F￿n￿$ Endtswmtnt Fwnd5 TOTAL 17UNDS 2023 2022 NOTE INCOMING RESOURCES Incoming ￿5Du￿£s from donor8 2{al 63,911 63,911 61,091 other voluntary incoming Tesour(x5 216) 16,303 16,303 7,946 from charitabl¢ & ancillrytr8ding 2(cl 38,478 38.478 33.331 Other ordiTW in¢oming resources 21d) 11,843 11,843 13.904 IncoJn¢ frotn inv¢stm¢nts 21¢) 7,695 3.503 3.067 TOTAL INCOMING IiEgOiJRCES 138,229 3,503 141.732 119J39 RESOURCES USED 31&) 5,320 5.320 2,744 Actsvities directly relating to the workof Ike ChU￿h 3(bl 1311373 130,373 106,492 Fundraising and publicity 31tr) ChurGh mgnag¢m¢nt& adminislration 31d) &507 4.272 12,779 12,989 R¢5toration & oth¢r works 31e) TOTAL RESOURCFS USED 144,200 4,272 148A72 122,225 NET {OUTGOINGyINCOMING RESOURCFS {5,9711 {769) (6.7401 12086) GROSS TRANSFKRS BETWEEN FUNDS CAINS AND LOSSLS ON INVEsfMENTS Realised UnrealÈwl MOVEMENT IP4 FUNDS (5,9711 {769} {6,740) 12,880 BALANCES BROUGErr FORWARD AT I JANUARY 2 595,571 124.320 719,891 722.777 BALANCES CAiUUED FORWARD A T 31 DEClIMBER2023 589,600 123,551 713,151 7J9.891 Page 8 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH TIMPERLEY Balanee Sheet As at 31 December 2023 2023 2022 Note JXED ASSETS Tangible fixed 8ssets 401,690 409,948 CURRENfASSETS Debtors Cash at bank afid in hand 13,095 303.842 11,685 304.393 316,937 316,078 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE ITAR 15.476) (6,135) NET CiIRRC4NT ASSETS 311A61 309,943 NET ASSETS 713.151 719.891 Uryrestri¢ted liestricied 589,600 123,551 595,571 l24,320 713,151 719,891 App￿¥¢d by th¢ Parochial chU￿h Council on 14th March 2024 aDd signed on its beli&lf by: J Bgrloiy: PCC Honorary Tre2511rtr Pag¢ 9 THEI PAROCHIAL CHURCH COUNCIL OF THE EI CCLESIASTICAL PARISH OF CHIUST CHURCH TIMPERLEY NOTES TO THE FINANCIAL STATELVIENTS For the Year Ended 31 December 2023 ACCOUNTING POLICIES Bwsis of prtpfirHtioii The fjtsancial slal¢ments have been pr6pared under the historif ¢slirnaliun uncertainty Ihftt hav6 asignifJc8nt risk of c&u5iTrg a rnatttial adjustment to tlie carrying of a88ets Jnd liabilities within thc Dcxt fin4ncial year a5 follows.. Us¢ful ecottomic liv&8 of lan8ibl¢ r￿ed assets A5 describ&l in th¢ acceuntitig polici¢s note to th¢ Rnatt¢ial stht¢m¢nls, dew¢clHtion of lanEibl¢ fixed ￿ets h4s iKen ba8ed on ewnomic usethl liv¢s and r¢5idual values deeni¢d approprialtt by Ik PCC. Estimated usetsl live8 and residual valu¢s are review¢d atsttually ¢vised as approptiate. RevistQT15 consider estimatcd us¢fvl liveq used byoih¢reJililtey vpeiating in the sector and aethal asset I5v￿ and residuol value& 1$ ¢vid¢n(%d by dispo>s&ls durin8 tttrre￿t and prior #wounting periads. Fknnds The Rcstricted Funds h¢ld in Ihe Parish BuiidinES Fun￿ iyere used lo support Ihe pUrCh￿e of17 Grong¢ Avenue. the r¢tained bal8rtce is to bc LJ5d formajorrestorntioTr new buildingworL on Parish but1d1￿5. If FuElherreslri¢led funds llr¢ t¢c¢ived, they will beheld in aS¢p￿atelY desi8n&t¢d &c¢ourti and may only be ￿t￿nded on Ihe specificobjetl for which they ￿r$ giv¢n. Unrestrtcted funds are Gejml fitDds, whicb cw be used fot PCC ordinary wrpo8es. The fllwjcial 51at¢menls illdu(k all Ir&n5aC(i0￿ as8els and liabilities for which the PCC is r¢5pollsible in l&w. Th¢y do not intlude the rinancial statements of ctLurch that owe th¢ir main 21filiotion to another body¥ those tbtt 4r¢ infortn&l £xth¢rings of church mcmbcrs. lotomillg r¢50ur¢es Planned givingj ¢olleciions and doThatiOttS gEe r¢co8ni8ed wh¢n ￿ceIved. AD estimate of r¢funds for Gift Aid recogllised the year in which the inCQTn6 is collected, although ¢￿*h is r¢c¢iY¢d by ￿tI9]M from HMRC aft¢r the yedt ¢nd. Grants 8ts)d l¢wies are 8CC()unted for whrTh th¢ PCC is leBally ¢ntiÈlcd lo the amounts due. Interest is accounted forott an acc¥va15 bL8is. All oth61'incomr is ￿ognIsed when it is r¢¢%ivable. All ancorning resotsr¢¢s are a¢count¢d for gross. Amounts receiv¢d specifically for Th¢ Parisk BuildtiJgFund are d¢g1i wilh &% ￿$triCted funds. Pgge 10 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH TIMPERLEY NOTfs TO THE FINANCIAL STATEMENTS For the YeAr Ended 31 December 2023 R¢50WI'¢¢s expemdtil Graii15 and dO[￿liOnS are ac(x)s]nted for whtn paid over, when awarded, Éf that &ward creates a birtding oblig&lionon the PCC. The Diocesan Parisli Sh8fB is a¢¢ounled for wheii paid. Other r6SOUT¢fS ¢xpended ar¢ calcul￿ed ort rf]¢ a¢￿￿al5 bfisis. Tl)¢y BrespEcifi¢olly attributed lo th¢ c&i¢gory of eXpEndi￿le lo which I116y r¢lak. All expenditure is 8ccourttcd forgrok Tangible fixed a55¢t$ T8ttgible a85Cts 4r¢ initially recorded at ¢ost, And subsequ¢ntly 5trdt¢d al cost1¢55 any awumulaled dcpr¢ci&¢itsnAttd imp&irm¢ttt I￿8$. Any tangibl¢ 4sset5 carried al T¢valued amounts arc r¢corded ar the fair Yalu¢ at It* date of Tevaluatton Icss any Subsequent accun)ulat depreciation 8J]d SubS￿￿ent accumulated impainE*ni losse6. g) Depreeiation Depreci8lion is caloulat¢d al the folloiving ral¢5.' FixMr¢s and fittLnB3 Holy Cr059-new kitche StorJge faLility -20% p¢r Hnnum on areducing balance basis. IO¥è per onnum on astrdighl-litt b￿15. -40A per on a 51iaight-linc basis. The purcbas¢ of the pro￿rtY tn 2017. 17 (if8nge Avcnu¢, Timperley, is stated at cost, a5 the PCC beli¢ves the equity thar¢ value is &t least ¢quivRlent to th¢ siatementof financial postlionvalu¢, thus nu depreciation 15 applied. h) ImphSrment of fized sssets A ￿le￿ for indicators of impai]Jn¢nt 5s ¢wried ou¢ at ¢#ch rep)rting ISat¢, witb the *ecoveTabk JEnount being ￿timated wher¢ indicators exlsl. whe￿ th¢ cgtryllJgvaI￿ Exc¢¢ds the recover&blc amount, lh¢ as￿1 i5 in)pkÈred accordingly. 1055¢s oh InvestmtRts Reali8¢d gaitts ar losses ar¢ F¢Q)gnised when t7K In￿StInents are so1￿. CtsnBeorated pmpety movwbl¢ thureh furnishinv Cotwcrated andbertefieed property of aAy kind 65 exclud¢d from the finan¢ial siaiem¢nts by 5.10(2}l&l of the U)4Tities Act 2011. Movable Church furnishings hcld by t￿ Vic8r and Churchwthrns on special twst forthe PCC aEKI which ¥equire ¥4faculty for disposal Aye accounted ft>rDE inttliellablcprop¢i1y unless con5ecra¢d. They are listed in ihc Church'5 invetttot)., M,hichcgn b6 insp¢ctcd at aDyTeasonabl¢ tim¢. fior ttt%lienable property aLquired priorto 2003 15 insufficicnl cost tDfOTm￿l0rt availabl¢ andtherefore suth 85sels artnoÉ valu¢d in the financial ￿ta￿mentS. Items acqutred since l January 2003 have been cap2ts1iscd B￿ddEprecirtted in the finan¢ial slatemcnts over their currently antiGip&red useful life initially OV¢T 5 yegrg on a 5traighi-linr basis. All exp￿dit￿re ILCu￿ in the yrar on consecrated or b¢n¢fic¢d buÉldings. indkviduil Item5 under £7,500, or on the rE￿ir of movabl6 ChU￿h fvmishtngs aCqUiTed bcforc l j￿I￿ary 2003 is writt¢Tk off. Durillg thsyeBr, Ihe PCC carrid out no malerial workon th¢ con8ecr8ted r benefic£d bulldings, in2022 the PCC wrote off ¢Xpe￿Ilture on build￿85 of £3.980 r¢pregenling th¢ n¢t ¢xp¢tHtiture and r¢lated lo Nvork on Iht Viwage. Pagell THE PAROCHIAL CHURCH COUNCIL OF THE ECCLISIASTICAL PARISH OF CHIUST CHURCH TIMPERLEY NOTES TO THE FINANCIAL STATEMENTS For the Year uded 31 December 2013 k) Provi$ion5 Provistojis r££ognised when th6 ¢ntily an oblig&lion at the r¢portinE di1¢ because of a past ¢veni, it É* probable that Ihe entity will be required to Iransfereeononiic benefits s¢tFlemcnt Ik amothitof th¢ obligalton can be eslimat¢d rcliably. Provi$ionB r¢tognis¢d as a liability in th¢ ststemenl of f￿anCial posilton and the amountof the pJY>vision as antx￿n5e. Provi5iDns 8rc iniliajly measured at the Etsl estimate of the aTnouTrl required to s¢ttle thc obliBalion al the r¢porling dale and subsequently r¢viewedat ¢a¢h reporting date and £dju5t¢d torcflcct Ilie current best¢stiinale vflhe gmounl that would b¢ requlledto 5¢tt1¢ thc trbligation. Any ￿JUSt￿entS to the amounts previously recognised are TeCO￿lsed in stoiementof ftnanGial aclivsties unl¢s5 Ihc provisiun was origin811y iuogrtised as parl of th¢ cost oran 8S5et. Vinau¢i#l instrumtnt8 A financial Hss¢l or a fm8neial liability is JetOEni5ed only wh¢n Ikenlity becomes a pwty to the contr￿￿￿1 Jxy>vi8ions of thE instrument. Basic fsTrancial instJum¢Di3 at¢ inilidllyretognised ai Ihfjtrallsaclionprice, unlcss Ihc ￿Er￿18¢Mellt cunstitut¢E a financing Irinsactiott, Ivh¢ il is rewwused at th¢ pr¢seni valu¢ of the tuture paymenis discoun1e￿ dl a market rate of ittt¢r¢sr for A similar debi instrument. Debt snslrumeD15 subseqtten¢ly measured & 8morti8ed ¢05t. Other finarteiHI instwmenls. including derivatives, are tnilt8lly rcogTrised ￿ fair value, unlrss paymettt for an a5￿t is d¢ferred hcyond noi'mal business ternis or filianc￿ dt u rate of interest that IS JM)l a mark¢t ratc. which ca5¢ the ￿$¢t is Jll¢asur¢d dl the pv¢settl valu¢ of Ihe fvNie payments dsso)unied it a m&rket of interest for a5imilardebl ITlStnJtnent. FÉiiwEcial as$¢ts that 8re mea8ured at ¢osl or amorti5¢(I cost ar¢'t¢vi¢wed fur objective evid¢llc¢ of impaiiment atthc ¢rLd ofcach ￿￿rtIng dat¢. If there is objeciiv¢ 6videttcv uf impairment, an iThpainnent Ioss 15 recowi$¢d in QAt¢ment of financiat aclivities imm¢diately. For all equity instwm¢nts regardless of 5i8nificaDee, and other fJtsaneiaJ ￿setS that i￿liVIdu￿[Y 518nificanl. Ihe5e are ass¢ssed individu&lly for impairment. O¢h¢i' fillattid a55¢t5 are eith¢T 4ss¢ssed individually or gKoupEd based ort simdw crcdit risk chgTa¢tsristics. Any iEvers¥*15 of impainneni Are r¢cowJis¢d slateinenlef finallcial activities imtnediately, to th¢ cxtent ibatth¢ ￿versal do¢s Rol ￿suIt in a Egrrying amount of the fjtsancigl ￿5¢t thal ex¢r¢d5 what tbe cArrying anjount would have been had th¢ impairment not previo￿lY been recognised. Fillanciol itkstrument8 are cltL%£itied and a¢rounted for. aLcordin8 to the sub*0￿ce of Ihe tOntrac￿al arrattgement, as eith¢T fil￿tiCia[ assets, ffiiiati¢ial lidbililies, oi equity instruments. kn ¢quty in£trullKnt is any contract that cvidcnees 4 r¢5idual interest i the as8ets of th¢ ¢Thtity after d¢ducltng all its ligbiliiies. Golng Cvntern Whilst th¢ charity has re&lis¢d a deficit of £6,740 for the ¢uTrenty￿t 2023, there is £117.367ofc4sh as at23 febrnory whi¢& is lleither 5tricled nord¢siwiated and as a iEsult the Trust¢¢5 are able 10 satisfy thcm*EIv¢5 that the Charity is able to continue 88 a goin8 £onc¢m for at least twelve month5 fiom the dat¢ of approval of th¢s¢ financial stat¢MentS. Page 12 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLEI SIASTICAL PARISH OF CHRIST CHURCH TIMPERLEY NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 December 2023 INCom￿G RESOURCES Unrestrleted Irunds Restrieted riuhd Ewdowm¢TJt riunds TOTAL 2023 UNDS 2022 218) InconilKg i'eKourcetrfrLIM dgnors P1all1￿ Giving Income Tax fCCOV¢fabl¢ on gift aid Coll¢ctiOll8 Sundry inco￿￿ 41,471 12,148 10,161 41,471 12.148 10,l6l 131 42.830 7,140 7,710 63,911 63,911 61JI91 21bl Ofhei. volifnlojy irycohkingrewitires Outward givin8 Pari$h testortt*io Dotaati0118 and b4u¢5t5 F¢t£s and oth¢r 5pKi41 w¢nts 2.074 267 8.425 5,536 2,074 267 ,425 5,536 1,680 213 1,892 4,161 16,303 16,303 7,946 IncomeJi¥pnT chfji'ilable & un¢illory li'thdlng Hir¢ of Httlls Fees du¢ ¢0 CDBF F¢¢5 du¢ *0 PCC 28,434 3.493 6,551 28,434 3,493 6.551 27,273 2,300 3,758 38A78 38A78 33,331 2(dl oiher ordiptaiy iprcoining l'e￿1￿1¥£￿ InSur9n￿ incotne R￿tal Iiiwtnt Tran8fw In of St Alldtew's Institut¢ Account 1,843 11,843 I3,￿14 11043 11043 13,904 21¢) In￿￿11118nlfj Int¢r¢st 7.695 3,503 11.198 3,067 7,695 3J03 11,198 3,067 TOTAL INCOMING iIFSOURCES 138,229 3503 141.732 119J39 Page 13 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH TIMPERLEY NOTES TO THE FINANCIAL STATEMETr4TS For the Ye&r Ended 31 December 2023 RESOURCES USED Unre5tricttd Restritted EÈidoivmtTht TOTAL 2023 FUNDS 2022 31J} Outw&rd gIV￿g 5,320 5,320 2.744 S320 SJ20 2.744 3(b) Aclivilies direcilyrelttflNg lo ihg ivopk of Ihe ehiii'ch Ministry P￿ish sh&re Clergy expenses. Clergy hotssing Visiting clergy 71,757 1,915 4,862 71,757 1,915 4,862 69,667 841 1564 462 4,021 220 1,242 6,026 ,428 4,703 4,994 18 2,310 Organists Choit and tnusi¢ Organlpiano matttieL8nte Light and h￿¢ Water rJie8 and u5a8¢ tharges 4,445 254 1,222 14,307 1.866 5.632 3.177 480 2.94l 4.445 234 1,222 14,307 1,866 5,632 3,177 480 1941 Repairs and M&inten￿¢t Cle￿￿￿8 S¢rvice items - co￿%￿MableS - BLTruks dnd oÉher fittin8S Young Persons Ministry Graveyar￿g￿￿￿d5 FloweTS Hii¢ of hau8 DI0(￿ 8T￿ churchcs together r¢¢5 due to CDBF 92 13,537 291 92 13,337 291 51 5.515 170 3,595 3,595 2,254 130,373 13DJ73 106,492 Flip7di￿i$InS aNdpublicity Oihey costs 31d) Chiirch iKunogERiienlafrFdudTrJlnsshvlioK Prirtling> PDsts8c, and statioj Staff tr&iniDg Other costs Legal costs Bank churgps Dep￿CIall0￿1 IndepBndEn¢ Accountants 2.936 2,936 3.202 35 35 3,986 1.550 4.272 8,258 .550 8,337 .450 8,507 4,272 12,779 12,989 Page 14 THEI PAROCHIAL CHURCH COUNCIL OF ECCLESIASTICAL PAIUSH OF CHRIST CHURCH TRMPERLEY NoT￿s TO THE FINANCIAL STATEI Tr￿NTS For the Year Ended 31 DcceTnber 2023 Unrestrl¢ted Restricted 'ro'rAL 2023 IIUNDS 2022 3{el ResloiallonaKdoihei' Ipoi'ks Insurwjte Work M&80tlly TOTAL RE.SOtUlCES USED 144.200 4,272 148,472 122,225 STAFF COSTS Th¢ I'CC e￿p10y5 Ils mainOrgatti81 IhNiugh aconlractof ¢mptoytnen( for which they aK paid£2,750 {2022.. £2,730), theyreceived afurther £500 in 2023 for organist f¢¢5 &1 weddings. Svrviccs still provided by scv¢ral olkT orgsni$ls through ¢ontracts for s¢ivic¢. ()ne ather ￿e￿￿t Dfthe PCC retttvcd rcmun¢xation for s¢rvic¢5 Ptovtded io the PCC. the V¢rgcr r¢c¢iv¢d £780 {2022.. £4701 for 8ervLce8 provided to weddings and funerals in the Parish. Excluding clergy exp￿se5 claitDede4th mortth irt 2023 fiv¢ munkrs of th¢ PCC ¢laim¢d )mount8, foi.￿l￿b4)r8ement0f ¢¥r￿nditur¢thBy incurredan hehalf of the l)CC. in2022 fJv¢ mcmbcrs of th¢ PCG cl)imed reimbursemettt of expenditute incurr¢d on ￿h￿[f of tbe PCC. Atty amounts incurred hav6 b¢tn r¢port¢d igain$l the resource8 U8td headings above sttd ivere ihcurred for ¢ffi¢i¢iicyF th¢ l¢v¢l of tXP¢Dditute may vary, year to year. d¢￿nding uwn the type of ptoje¢ts that are und¢rtaknn. SALARIES ItOR MINISTERS Th¢ PCC d0¢5 tLOt directly pay for the salari¢8 of it5 ministers,. these tre paid cent¥ally. primarily by th¢ Dioc¢s¢ of Chestsr. bul with som¢ stipend Support coming from the Church CornTni55i¢>ners. Th¢ PCC supports ils clergy in accordanc¢ with 8eneFally a¢ ¢ouncil t&x th¢ r¢itnbursement of reasonable Pwish related expensc5. The PCC ¢ontributcs to a c¢tLtril fijttd to a88181 covering Dioc￿an s￿ary eXP￿ditu￿ tbrough"Paris]i Share." Most of th¢iT ex￿ndi￿re lalcs to¢l¢rgy 8UPPDrt. Th¢ schemewa¥ la5trevt¢w￿ 2011, andthr 51mdardparish share W￿r￿￿et in2012 gnd Infia*d each subseqKot ye8r. The PArish Share figur¢ for2023 was £71,757, the totte8pollding figur¢ for 2022 w&s £69.667. Pag¢15 THE PAROCHIAL CHURCH COUNCIL OF THCI ECCLESIASTICAL PARISH OF CHIUST CHURCH TIMPERLEY NOTES TO THE FINANCIAL STATEMEf+Trs For the Year fi nded 31 Deeembej. 2023 FIXED ASSILTS foR USE BY TIIE FCC As atJ1112nJ Dep As at 31112122 Dgpn Cost Net Co$¢ Net TangiblE fixed assets l? Grange Av< TimtKrl¢y 346,697 Holy Cross Kitchen 36,644 Office equipment ,841 CC tloil¢r 7,457 HC Bo&l¢r 5,386 Storage builrftng- Holy Cr0$5 IOQ793 Churth Fixtur￿ & Fittings 346.697 10,993 58 262 904 42.717 59 346,697 36.644 1,841 7.457 5,386 106.793 346,697 14.657 73 328 1,130 46,9a9 74 25.651 1,783 7,195 4.482 64,076 628 21,987 1,768 7,129 4,256 59,804 612 5OS504 103,814 401,690 505,5(14 95,556 409,948 There have been no ad11ition8 to FixedAssels In 2023. In 2017 the PCC aEreed that it appropri&tc to usc SOME of the proceed% fron) the sale of 97 Park Road and the sale of 57 14eyes L)n¢. along with Ib¢ bal*ncc ufnEW buildinx5 fund, lo make llnpiDYemeni$ to fXi51ing building5 to purchase a house for the of a Church iYoikeT or a Curate. The pur¢hasc of 17 G¥anEC Avenue, WA15 &1)S, a tour- bedrooni scmi-dctachcd house, complelcd on 7th Julie 2017 and tlie cost oflhe prLipErty is showi aiy)v¢ al £346.697 as it is the PCCS I￿11¥[1h& by th¢aid of 2023 ils market valuGwa5 at least¢qu&l lo orexceeds the original purcha8c prit¢ Ind the]Yfore no depreciatioii will ll¢¢d la be 8pplÈed, ANALYSIS OÈ NET ASSETS BY FUND Unrestritttd Funds Restrir¢¢d Funds Totsl Tolal 2023 2022 2023 2022 2023 2022 Fixed as$ets CuTi¢nt esse15 Current li&btlitie$ 358,973 236,103 15,4761 361959 238.747 {6,135) 42.717 80,834 46,989 77,331 401.690 316,937 (5.476) 409,948 316,078 {6,1351 Fund B&lance $89,600 59&S71 123ASJ 124J20 713,151 719,891 DEBTORS 2023 2022 Gift Aid retsiverabl¢ P￿payIn¢llts 8Ad a¢cruEd income other debiors 10.100 437 2558 10,000 424 1.261 13Jb9S 11ffj85 Pag¢ 16 THEI PAROCHIAL CHURCH COUNCIL OF THEI ECCLESIASTICAL PAIUSH OF CHRIST CHURCH TIMPEI RLKY NOTEI S TO THEI FINANCIAL STATfi MENTS For the YeAr Ended 31 December 2023 LJABILITtES: AMOitNTS FALLING DUE wrrHIN ONE YIIAR 2023 2022 Trade Credilars Arcwals *nd defetred illcome 2,152 3,324 ,326 4.809 5,476 6.135 FUND DETAILS The Unrestricted fund 1$ the General Fund which is lo be used k> 511PPOrt the Ongoing day tt) day work of the PCC and the Restricted Fund is the P&rish Buildings tun(L'lbe purdwc of17 0rartEe Avenue. Tiinp¢rl¢y in 2017, a8 nol¢d at secliun fiv¢ dbove. ulilis¢d funds held tti (he CCLA ParL5h Buildings futtd and th¢ baEgtiLf uf 1051 was taken froin the pmceeds ot'the sRle of 97 Park Road, th¢ sale of wlJi¢h look place in 20L6.Tbe relfiixed balance is lo bc uscd for major ¥esioTlliiOn and new building worL on Parish buildings. A tabl¢ d¢la11ti￿ Ihe movemcfits of th¥ UJJrestricted the Resiricled fvnd5, durittg the year, 15 dstailed below. Both UnT¢5trieted ond R¢stricted fijnds are held at ¢athye&r-end 8¢PWAtely designakd accoynl5. Balanee &t Resource5 ustd Ineomlng rtsouree5 B81an¢¢ at 31112123 OIJ01123 Tr*rt&fer8 Depi'otlatlo Unrestricted fillnd Gedvral Fu[￿S 595.571 {3,9861 1140,214) 13(L534 7,695 589,600 litstritted Fund Choir Ilobes I,ooD 123J20 1,00 122,551 Parish Buildin2 14,272) 3,503 Total Ftsnds 719,891 {8,2581 1140.214) 130.534 11,198 713,151 io INDEPEI NDENT BXAMIP4ERS REMUNERATION S¢mpw AccountantsLtd ivere appointed injuly 2019 to &ct as Ind¢pFnd4ntExamin¢Y3of the pce financial s¢at¢m¢Di$ and ttt that Cap￿lty, ore paid £1,3(KTr12022- £1.5(KI) CAPITAL COmMITmE￿s There were no capital wmmibnent8 as at 31 Deeembcr 2023. P8ge 17 THE PAROCHtAL CHURCH COUNCIL OF THE EI CCLESIASTICAL PARISH OF CHRIST CHURCH TIMPERLEY NOTES TO TIIE FINANCIAL STATEMENTS For tlie Year Ended 31 Deeejnbei. 2023 12 RELATED PARTY T￿NSACrI0NS There ￿re no related P£Tty trattsaclions during the currettl ol previousyear. 13 CONTROLLING PARTY Th¢r¢ was no ov¢rall controlling paty during th¢ wrrcnl er previous y¢aT. P4g¢ 18