THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON-ON- THE-HILL LIVERPOOL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Charity Registration No. 1131787
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON.ON-THE-HILL LIVERPOOL CONTENTS Page Trustees, Annual Report Independent Examinerfs Report Slatgment of FINancial Activities Balance Sheet Notes to the Financlal Statements
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTIGAL PARISH OF ST MARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON-ON-THE-HILL LIVERPOOL TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 ST DECEMBER 2023 The trustees are pleased to present their annual report for Ihe year ended 31sI December 2023. The financial slalemenls have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Slalement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published IFRS 102) eff8Ctive 181 January 2019. OBJECTIVES AND ACTIVITIES The Paroehial Church Council of the Ecclesiastical Parish of St Mary the Virgin, St Aidan and St Nalhanael Walton-on-the-Hill, Liverpool (Walton PCC) has a mission statemènt lo proclaim the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England, both through the word and our deeds, lo love the Lord our God and to love his children, our neighbours and love each other in our fellowship. In order to do this our objectives, remain for us to provide the following public benefits., To Love the Lord our God and be open to Him through Reqular public worship open to all The provision of sacred space for personal prayer and con16mplation and helping people who have asked for assislance with prayer. To review our seNices in order lo onhance th8 beauty of our WOTship and make our occasional offices more acc&ssible to those with no experience of church. To love our neighbours and be open to them Public benèfit When planning our activities for the Walton PCC we have considered the Charities Commission's guidancp on Public Benefll, in particular, the speclfic guidanc8 related lo charllles concerned with the advancement of religion. ACHIEVEMENTS AND PERFORMANCE What a difference a year makes, yes there is a song in there expect that was 'a day makes,. The proc@ss of appointing a new Rector and Team Vicar has been long, often fraughl with disappointing messages from the Diocese and especially from the Deanery. In fact, I believe it was intransigence on behalf of the Deanery leadership who could only see their vision for this parl of Walton that held up this process even more. Revd. Lathom had not even retired when Ihe Deanery view of splilling Walton Parish up was first put to the congregations. The favoured resull was St. Mary's and St. Nalhaneal's being one parish and St. Aidan's and St. Luke's anoth&r. At that time Sl. Luke's had their own vicar and were not parl of the Walton Team, legally ihey still aren't members. This cavalier approach was pushed hard by Ihe Area Dean and other Clergy in the Deanery but, the people of the churches named had olher ideas and did not want to disrupt over 100 years of worship. The message froin Ihe people was very clear'we do not want lo be split up,. The Diocese was using Interim Ministers to work with churches in IntetTegnum. The Interim Minister post was a short term one and the remit was lo help Ihe churches prepare for tho new appointments, Revd. Fiona Pennie was appointed, and sh8 was supported by her husband Mr Bruce Pennie who was also a Reader. There was a lot for Revd. Pennie to look at and sort through and some of the work is ongoing wilh our new Rector and Team Vicar carrying on Ino nol in that way} Ihe digging through mountains of papenNork,
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON-ON-THE-HILL LWERPOOL TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 One of the things l am very proud of is the way the people of Walton stuck to Iheir guns and refused lo lel their parish be split up. In fact, I think Ihls threat made people think about the church thèy called their own in a way they probably hadn't before. The church wa8 always there for them. Eventually the message got through and allhough it wasn't the intentlon of the parishioners the workings of the Deanery came under the spotlight and il was realised that to be effective, it was too small.11 consisted of St. Mary's, Sl. Nathaneal's, Sl. Aidan's (the Walton Team}, Sl. Luke's, st. John's, Emmanu&l, and Sl. Paul's with Sl. Columba's being under the overslght of a flying Blshop. To make Iliis a ¢ohesive unit Walton Deanery merged with Liverpool North Deanery to becom6 Liverpoul North and Walton Deanery. This larger group made iLèasier to provide Cover for clergy who were absent. That is a bit of history wh¢lt aboul now? We51, we were very fortunate to appoinlmenl clergy to both posts. This was rather exceptional as some clergy vacancies have been readvertised several times without success. We had been told throughout the interregnum, 'you won't be able to appoint, clergy WDn't want to do that witli all the meetings needed, Guess what? Two very able people did want lo work wilh us and thought DCC meelings were needed so they could get to know people dnd how the churches worked. Revd. Lyn and Revd. Steve were welcomed into our parish, and we are happy to have them. FINANCIAL REVIEW Total income in the year was £117,781 (2022.. £129,263) of which £9,10312022'. £2211, relat8d to funding for projects upon which restrictions are placed. Total expendilure in the year was £149.235 {2022: £112,263), leaving a deficit for the year of £31,454 {2022: surplus £17,000) before gains on inv8Stment assets and revaluation of fixed assets. At 31s1 Deoember 2023 the charit5ls res8rv8S Stood al £650,316 (2022.. £678,372) of which £38,542 (2022: £31,315) represented restricted funds. Risk Management The main risks, to which the charity is exposed, as identified by the Trustees, have been considered and systems have b88n eslablished lo mitigate those risks. We became very well versed In public health ris1( assessments and werè able to eventually gel to 9riPS With the financial situalion once we could access online banking. The short-term financial risk was helped by funds from the local Deanery and Diocese As we have better financial underslanding in place, w@ are in a much better pla to understand any finanGial risk and therefore mitigate this going forward. Reserves Policy It is the policy of the charity to maintain unreslricled funds, which are free reserves at a level to cover five months, running costs should no further funding be received. As at Ihe end of the financial year the unrestricted funds totalled £611,774 of which £551,405 is represented by tangible assets and investments, leaving free res8Nes of £60,370. The charity requires £61,301 for five monlhs, running costs.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON.ON-THE-HILL LIVERPOOL TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 Plan5 for Future Looking ahead financially Sl Nathanael's aiid St Aidan's to continue to be economiG to run on a week-to-week basis, supported by both congregation and other fund-raising activilies. They have both recenlly had their quinquennial reports and have plans lo ensure the upkeep of the fabric of their buildings. St Mary's is a different matter and continue to work with the 'Friends or Liverpool City Council and Diocese and Deanery, to ensure that Ihis. the Dld8st C of E Community in Liverpool, (mentioned in the Domesday Bookl continues to gather and worship in thls landmark bulldlng. STRUCTURE, GOVERNANCE AND MANAGEMENT The Parochial Church Council of the Ecclesiastical Parish of St Mary (lie Virgin, St Aidan, and st Nalhanael Walton-on-the-Hill, Liverpool is a registered charity,. number 1131787 formed in 23rd s?plember 2009 and is governed by Parochial Church Council Powers measure11956) as amended and Church Representation Rules A council was set up in 1983 betwgen St. Mary and St Aidan, which had forrnerly bepn the daughter church. St Nalhanael joined the council in 1990 and shortly after St Aidan became a parish church in its own right. Each church has a District Church Council, and the Parochial Church Council is composed of eight members from each church. The appointment of Parochial Chur¢h Council PCC members is governed by and s8t out in the Church Representation Rules. The PCC corisists of representatives from St Mary's, St Nathanael's and St Aidan's churches situaled in Walton. One third of the ordinary membership stands down from the PCC each year. Election of new members is by secret vote. Members of the PCC are also members of committees. These commillees discuss Items In detail and put forward recommendations to the PCC who ultimately make the decisions. Other committees are formed on an ad hoc basis as and when required. The three churches hav6 historically been run on a day-to-day basis by a District Council acting as local Gommitl8es whlch then report to Ihe PCC. They each have an electoral role of m8mb8rs and manage their own finances under the oversight of the PCC. Four meetings are held each year. REFERENCE AND ADMINISTRATIVE DETAILS The Parochial Church Council of Ihe Ecclesiastical Parish of St Mary the Virgin, St Aidan and St Nathanael Wallon-on-the-Hill, Liverpool 1131787 Name Charity Number Address & Office Walton Team Ministry Parish Office The Cornerstone 2 Liston Street Walton Liverpool L4 5RW
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON-ON-THE-HILL LIVERPOOL TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 Trustees During the year members ofthe Board of Trustees were as shown on the next page: A Banks J Cadden D A Clague J Cunningham L Hughes J Hynes V Jones W F Jones R Lacey G Liderth G Connor-mccreith L Maplnnes K Miller B Neltleton J Neville J A Owens D Parsons Rev F Pennie D Regan R Robinson J stein Trustees (Resigned 15th October 2023) (Resigned 151h October 2023) Independent Examiner Ying Huang ACCA clo LCVS 151 Dale Street, Liverpool, L2 2AH Bankers TSB PO Box 373 Leeds LS14 9GQ Signed on behalf of the Trustees J steln Trustee Dale..
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON.ON-THE-HILL LIVERPOOL I reporl on the accounts of the charity for the year elided 31° Decemb&r 2023 which are set out on pages 6 to 17. Res e¢tive res onsibilities of Iruslees and examiner The charity's Iruste&s are I'esponsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (thè Charities Act) and that an independent examination is needed. It is my responsibS1ily to.. examin8 the accounts under section 145 Df the Charllies Act, to follow the procedures lard down in the general Directions giv8n by the Charity Commission (under section 14515){bl of the Charities Act, and lo stale whether parlicular matters have Come to my attention. Basls of ind6 endenl examinor's slatement My examination was carried out in accordance wilh general Directions given by Ihe Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes coiisideration of any unusual items or disclosures In the accounts, and seeklng explanations fvom the trustees concerning any such matters. The proGedures undertaken do nol provide all the evidence that would be required in an audit. and cons8quenlly no oplnion is given as to whethor the accounts presenl a 'lrue and fair. view and the report is limited lo those mallers sel out in the stat8m8nl below. Inde 8ndent examiners slal8m6nt In connection with my examination, no matter has come to my attention.. (1) which gives me reasonable cause lo believe that in any rnalerial respect the requiremenls.. lo keep accounting record8 in accordance with section 130 of the Charities Act., to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charilies Act have not been met., or (2) to which, in my opinion. altention should be drawn in order to enable a proper understanding of the accounts to be reached. Name.. Mrs Ying Hiiang Relevant professlanal qualification or body: ACCA Address.. clo LCVS 151 Dale Street, L2 2AH Dated..
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON-ON-THE-HILL LIVERPOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023 Notes Unrestricted Restrlcted Funds Funds 2023 2023 Total Funds 2023 Total Funds 2022 Income and endowments Donations and legaci8S Charitable activities Other trading activilies Investments Other income 2a 2b 33,359 44,154 29,257 1,908 33,359 52,654 29.257 2,511 50,611 46,964 28,906 1,226 1,556 8,500 2d 2e 603 Total income 108,678 9,103 117,781 129.263 Expenditure on: Raising funds Charitable activities 1,962 145,161 1,962 147,273 1,605 110,658 2,112 Total expenditure 147,123 2.112 149,235 112,263 Net {expenditure)Ilncome {38,4451 6,991 (31,454} 17,000 Transfer b&lween funds Gain on investment assets {Loss) on investment assets 1,200 1.962 (1,2001 1,601 {165} 3,563 (165) (4,998) Net movement in funds {35,2831 7,227 {28.0561 12,002 Total funds brought forward 9,10 647,057 31,315 678,372 666,370 Total funds carried forward 8-10 611,774 38.542 650,316 678,372 The rboles on pages 8 10 17 form part of these accounts. I the above amounls relate to continuing activities of Ihe charity.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON-ON-THE-HILL LIVERPOOL BALANCE SHEET AS AT 31 ST DECEMBER 2023 Notes 318t December 2023 31st December 2022 Fixed assets Tangible fixed assets Investments 523,906 59,654 523,906 63,277 583,560 587,183 Current assets Debtors Cash at bank and in hand 1,160 91,199 67,996 67,996 92,359 Current Ilabllltles Creditors.. amounts falling du8 within one year 11,2401 (1,1701 Net current assets 66,756 91,189 Total assets less current liabilities 650,316 678,372 Funds: Unrestricted funds Resti'icted funds Restated 611,774 38,542 647,057 31,315 8. 10 650,316 678,372 Approved by Trustees on . J Steln, Trustee
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON-ON-THE-HILL LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 1. Accounting Policies Basis of accounting The financial statements have been prepared in accordance with Ihe charity's Memorandum and Articles of Association and "Accounting and Reporting by Charities with the Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Fiiiancial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) ISORP 2019 leffoclive 151 January 2019) and Charities Act 2011. The accounts are prepared in sterliiig, whi¢h is the functional currency of the charity. Monetary amounts in these financial st4tements are rounded to the nearest £. The Charity Fi(15 taken advantage of the prDvisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statoment of Cash Flows. The accounts have been prepared under the hislorfcal cost convention with items recognised at cosl or transaction value unless otherwise stated in the relevant notels) to these accounts. Going concern At the lime of approving the accounts, the trusteès have a reasonable expectation Ihat the charity has adequate resenles to c.()nlinue in operational existence for the foreseeable future. Together with the prayers and support from our regular givers, this provides the trustees the assurance to continue lo adopl the going concern b8sis of accounting in preparing the accounts. Fund accounting Unreslricled funds are the charity's Iree reserves available for the trustees to apply in accordance wilh the charities objectives. Designaled funds are funds set aside by the Iruslees for specific purposes. Reslrlcted funds are subject to specific r&striotive conditions imposed by Ihe donor and, where appropriate include Interest generated thereon. Income recognition All iricome ib reLognised once the charity has entitlp.mpnt la the income, there is sufficient certainly of receipt and so il is probable that thè income will be received, and the amount of income r8celvable can be measured reliably. Donations and legacies comprise of donations and general granls which are recognised in the accounts when received, with the exception of known legacies which are accounted for when Iheir receipt is ceriain. Income from Charitable activities is recognised on an accrual's basis except for grants receivab5e. which are recognised on the dale on which their unconditional payment is confirmed by tho donor. Income from other trading activities relates to fundraising events, photocopying income and rental income and is recognised when tho amount is certain. Income from investmenl relat8s to income from investments recelved and is recognised when tho amount is certain. Other income relates lo insui'ance claim is recognised when the amount 15 certain.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN. ST AIDAN AND ST NATHANAEL WALTON.ON-THE-HILL LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Fixed Assets Fixed Assets {fr8ehold property) are valued al falr value based on insurance valuatlon and revlewed every five years by the trustees. Investmonls Investments are included al markel value. Realised and unrealis8d gains and losses are reported in the Slalement of Financial Acllvilies. Expenditure recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charitable company to that expenvlture, it is probable Ihat settlement will be required, and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual basis. All expenses, induding support costs and govp.rnance co.qls, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governance costs are applied lo unreslrifyled funds unless specifically included in the restrictions, as specified by the donor. F.xpenditure on charitable activities relates lo the operation of the charity cornprising of direct charitable expendilure to meet the objectives of the charitable company. Support and governance costs relate to the managemonl and operation ol the organlsatlon and also compliance with conslitulional and statutory requirements in producing the annual r8POrt. These are dealt with in the Statemeril of Firidncial Aclivilies when payment has beon approved by the charitable company. Cash and cash equivalents Cash and cash eqLtivalents include cash in hand, deposits held at call with banks, olher shorE-lemi liquid investments with original maturities of three months or less, and bank overdrafts. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and S8ction 12 '01her Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balan¢e sheet when the charity becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are offset, wlth the net amounts presented in the financial statgments, when there is a legally enforceable righl to set off the recognised amounts and there is an intention to sellle on a net basis or to r8ali8e the asset and setllo the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement constitutes a financing Iransaclioii, where Ihe transaction is measured at the preseiil value of the future reoeipls discounled at a market rate of interest. Financlal assets classlfled as receivable wilhin one year are not amoriised.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON.ON-THE-HILL LSVERPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Baslc financial liabilities Basic financial Ilabilities, Including credltors and bank loans are initially recognised at transaction price unloss the arrangement conststules a financing transaction, whgre the debl inslrumeiit is measured at the present valua of the future receipts discounted al a market rate of interest. Financial liabililiBS classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using Ihe effectlve interest rate method. Derecognition of financial liabilities Financial liabilities are derecngnised when the charity's conlraclual obligations expire or are discharged or cancelled. Critical accounting estimate5 and judgements In the application of the charity's accounting policies. the trustees are required to make judgements, estimates and assumptions about the carrying arnount of assets and liabilities that are not readily apparent from other sources. The estimates and associatcd assumptions are based on historical experience and olher factors that are considered to be relevant. Actual results may differ from these estimates. The estimal8s and underlying assumptlons are reviewed on an on-going basls. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future perlods where the revision affects both current and future periods. All expenditure is accounted for on an accrual basis. All expenses, including support costs and governarice Losts, are allocated or apportioned to thp. applicable expenditure headings in the Statement of Financial Activities. Supporl and governance costs are applied to unrestricted funds unless specrfically included in the restrictions. as sp8cified by the donor. Cost of charitable activities relate to the operation of the charily comprlsing of dlrect charilable expenditur8 to meet the objeclives of the charity. Support and governar)ce costs relate to the management and operation of the organisation and also compliance with constitutional and slalutory requiremenls in producing the annual report. These are dealt with in the Slatgm8nl of Financial Activities when paym8nl has been approved by the charity Taxation Income and gains are exempt from taxalion as they arè received and applied for chartable purposes only. The charity beiiefits from various exemptions Irom taxalion afforded by lax legislation and is not liable to corporation lax on income or gains falling within those exemptions. The charity is not able to recover Value Added Tax. Expenditure is recorded in the accounts inclusive of VAT. 10
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON-ON-THE.HILL LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 2. Income and endowments from: Unrestricted Restricted Funds Funds 2023 2023 Total Funds 2023 Total Funds 2022 Donation5 and legacies: Donations Tax efficient giving Other planned giving Collections Gifl aid 8,153 3,307 17,326 4,573 8,153 3,307 17,326 4,573 24,331 3,464 16,824 4,117 1,875 33,359 33,359 50,611 Income from donations and legacies in 2022 related wholly to unrestricted funds. b. Charitable actlvltl6s: Aclivities income Diocese of Liverpool Hall hire National Lottery Community Fund Rector Mission fund Weddings and funeral fees 525 525 4,000 11,562 4,500 11,490 20,577 10,575 4,000 11,562 15,774 4,500 11,490 20,577 3,691 16,924 44,154 8,500 52,654 46,964 Income from charitable actlvities in 2022 comprised £46.964, for unrestricted funds and £nil related to restricted funds. c. Other tradlng activities: Fundraising income Photocopying Income Organist Rental income 9,877 558 9,877 558 11,631 513 90 16,672 18,822 18,822 29.257 29,257 28,906 Income from other trading activities in 2022 related wholly lo unrestricted funds. d. Investments: Investment income Bank interest 1,471 437 603 2,074 437 1,077 149 1,908 603 2,511 1,226 Income from investments in 2022 comprised £1,005 for unreslricled funds and £221 I'elaled to restricted funds.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON-ON-THE-HILL LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Unrestri¢ted Restricted Funds Funds 2023 2023 Total Funds 2023 Total Funds 2022 Other income: Insuran claim 1,556 Income from c>lhei income in 2022 related wholly to unrestricted funds. 3.Expendlture on charitable activltles Direct Support & Charitable Governance Expenditure Costs Total 2023 Total 2022 The provision of sacred space for personal prayer pastoral work and teaching of Christianity 80,451 66,822 147,273 110,658 a. Analysed as follows.. 2023 2022 DireGt Ghant8ble expenditur8.' Liverpool Diocese expenses Vergpr exp8nses Church supplies Organ Organist Choirmaster Confirmation Messy church Activilies costs Music Travel expenses Wedding and funeral fees 66,408 1,765 2,963 258 1,548 4,125 43,485 1,465 2,112 1,082 6,120 314 2,128 2,671 110 2,869 132 127 16 240 184 80,451 59,671 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON-ON-THE-HILL LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 Support & g0Veman cos(s.' Staff salary costs Donations and gifts Olfice costs Building costs Website Gosts Spollfy Insurance Vicar and clergy expenses Bank charges Sundry ALLountancy fees 10,288 1,478 4,799 38.616 137 160 7,585 2,088 191 250 1,230 10,711 6,216 3,700 20,080 137 7,179 1,079 198 517 1,170 66,822 50,987 Total expenditur9 on charitable actlvltles 147,273 110,658 £2,112 (2022.. £nill of the above expenditure relates to restricted funding. b. Staff Costs 2023 2022 Gross wages and salaries 10,288 10,711 c. Particulars of employees.. Average number of employees during the year, calculated on the basis of fu114ime equivalents, was as follows.. 2023 2022 Charitable activities No employee received emoluments of more than £60,000 during the yèar. The Trustees are not remuneraled for their services and are not included in the above number of employe8S.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON-ON-THE-HILL LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 4. Tangible fixed asset5 Freehold Property Total Cost or revaluation Balance as at 1st January 2023 Revaluation Additions during the year 523,906 523,906 Balance at 3q$t Decembor 2023 523,906 523,906 Accumulated depreciation Balance as al 1 St January 2023 Charge for th8 year Balance at 31st December 2023 Net Book Value at 31 December 2023 st 523,906 523,906 Net Book Value al 31st December 2022 523,906 523.906 The land was dona18d to the church and garages were built or) Ihe land. The trustees consider the valuation have not changed during the year. 5. Fixed asset investments 2023 2022 Market value al 1s1 January 2023 Incorne Withdrawals Net realised gain on investment assets Net realised (loss) on investment assets 63,277 2,074 {9,095) 3,563 82,211 1,03q 114,9671 1165) {4,998) Market valuo at 31° December 2023 59,654 63,277 6. Debtors 2023 2022 Prepayments 1,q60 14-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON-ON-THE-HILL LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 7. Creditors: amounts falling due within one year 2023 2022 Accruals 1,240 1,170 8. Analysis of net assets between funds 2023 Tangible Fixed Investments Net Current Assets Assets Total Unrestricted Funds General Fund 523,906 27,499 60,369 611,774 Restricted Funds Diocese of Liverpool J Shaw bequest National Lottery Community Fund Taylor bequest Woodland Misslon Fund 1,888 1,888 13.321 13,321 4,500 4,500 15,849 15,849 2,984 32,155 6,387 38,542 Totals 523,906 56,054 66,756 650.316 2022 Tangible Fixed Investments Net Current Assets Assets Total Unrestrictpd Funds General Fund 523,906 31,962 91,189 647,057 Restricted Funds J Shaw bequest Taylor bequest Woodland Mlssion Fund 14,083 14,505 2,727 14,083 14,Jf05 2,727 31,315 31,315 Totals 523,906 63,277 91.189 678,372 15
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN. ST AIDAN AND ST NATHANAEL WALTONQN-THE-HILL LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 9. Unrestrictad Funds Movements in the year Expenditur Transfer between fuiids 2023 Re5eTves at Beglnning of year Income Revaluatlon and Inv8Stment Iloss&sl Rèserves al End of year General fund 647,057 108,678 (147,123) 1,200 1,962 611,774 Movements in Ihe year Expenditure Transfei between funds 2022 Reserves at Beginning of year Incom Revaluatlon and Invgslment Galns Rescrves al End of year General fund 619,965 129,042 {112,263) 13,000 (2,687) 647,057 General Fund is used to finance the charity's goneral activities and core costs as outlined in Ihe Trustees, Report. Transfer between funds is the withdrawal of investment funds. 10. Restrlcted Funds Movements In the Year Incomè Expenditur6 Transfèr between funds 2023 Rgsorve5 al Beglnning of yaar Revaluation and Investment Gainsll105S8s1 Resorves at End of year Diocese of Liverpool J Shaw bequest National Lottery Community Fund Taylor bequest fund Woodland Mission fvnd 4,000 603 (2,112} 1,888 13,321 14,083 (1,2001 (165) 4,500 4,500 14,505 1.344 15,849 2,727 257 2,984 31,315 9,103 12,1121 (1,200) 1,436 38,542 16
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN. ST AIDAN AND ST NATHANAEL WALTON-ON-THE-HILL LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Movements In the Year Incom8 Expenditure Transfer between funds 2022 Res•Trve5 at Bèglnnlng of year Revaluatlon R96eNg$ and at End of Inv8$tmenl yèar Gainslllossesl J Shaw bequest Taylor bequest fund Woodland Mission fund 26,862 16,452 221 (13,0001 14,083 14,505 (1,947) 3,091 (364) 2,727 46.405 221 113,000) 12,311) 31,315 These are monies given to the Charity to be spent at the discretion of the Board of Trustees for specific charilable purposes, as follows: Dlocese of Llverpool- contribution towards Messy Church. J Shaw bequest- for upkeep of the organ at st. Mary's Church. National Lottery Community Fund- Conlribulion towards community thrive project. Taylor bequest fund contribution towards the refurbishment of St Marys church Taylor bequest fund at st. Aidan's unr6slricted for use al the dlscretion of DCC. Woodlands Mission Fund- contribution toward publicily. 11.Guarantegs and Other Flnancial Commitments There a no tinancial commitments under nOn-¢anlIable operating leases {2022'. £Nil). 12. Related Parties There were no material related party transactions during Ihe year which require disclosure {2022.' none). 17