THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON-ON- THE-HILL LIVERPOOL FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2025 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 Statement of Financial Activities Balance Sheet Notes to the Financial Slalements 10
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST N£ARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON-ON-THE-HILL LIVERPOOL TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2025 The trustees are pleased to present their annual report for the year ended 31st December 2025. The financial stalements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and AcGounting and Reporting by Charities- Slatement of Recommended Practice applicable to charities preparing their accounts in acwrdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published (FRS 1021 effective 1SlJanuary2019. OBJECTIVES AND ACTIVITIES The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, St Aidan and St Nathanael Walton-on-Ihe-Hill, Liverpool (Walton PCCI has a mission statement to proclaim the Gospel of our Lord Jesus Christ according to th8 doctrines and practi¢es of the Church of England, both through the word and aur 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 lo provide the following public benefits= To Love the Lord our God and be open to Him through Regular public worship open to all The provision of sacred Spa for personal prayer and contemplation and helping people who have asked for assistance with prayer. To review our services in order to enhance the beauty of our worship and make our occasional offices more accessible to those with no experience of church. To love our neighbours and be open to them Public benefit When planning our activities for the Watton PCC we have considered the Charities Commission's guidance on Public Benefit, in particular, the specifiG guidance related to charities concerned with the advanrnent of r81igion. ACHIEVEMENTS AND PERFORMANICE A rewsed team Parish of Walton has been set up, which will include the three churches plus the parish church of St Luke the Evangelist for the PCC but the charity is still the same name and charity number. When planning its activities for the year the PCC gave due consideration to the Charity Commission's guidance on public benefit and, in particular, the specific guidance to charities concerned with the advancement of religion. Throughout 2025 each church has maintained and sometimes increased their events and activities within their communities. Worship services and occasional offices, such as baptisms, weddings and funerals, with all appropriate preparation and administration, have continued at the highest standards throughout the team. Churchwardens, other church officers, PCG members and others on the Electoral rolls of their own churGhes in the Team Parish have worked together wtth the retired clergy to fulfil the pastoral, evangelistic, social, and ecumenical role of the church as well as maintaining their buildings, their traditions of worship and serviGe, seeking to be good stewards of the financial and other resources of the Parish and upholding the values and standards of Ihe Church of England. This report can only give examples of the way the Team has done this, and the summary cannot do Justi to the sacrificial service, commitment and dedicalion shown by so many within this Team in striving to achieve these high standards.
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 2025 st Ivlary the Virgin had eighteen baptisms, three weddings and nineteen ftjnerals in 2025. The parish administrator is the initial point of conla¢t as well as providing continuous administrative support to the community, the clergy, the Team's officer5 (churchwardens, treasurers etcl and other members of the church8s and wider community. Key community events, such as an ecumenical seNice in the church grounds on Good Friday and the welcome of a large purpose- built Nativity scene in the church groLJnds and visible from County Road was a welcome addition to the wsible witness within the area. The Good Frfday sÈrvice, in particular, is an ecumenical event supported by 8 number of denominations, not least the Salvation Army, whose band leads the singing. The Churches Togeth&r is led by one of the Team's churchwardens. Whilst almost all Sunday services take the form of a Eucharist. a number of lay led 'Café Church, services have been held when no priest has been 2vailable. This sewice has proved popular. On very cold winter days, services have been held in the lady chapel (the Hornby Chapel) in order to reduce Ihe cost of heating. Sl Mary's church has hosted services, including rehearsals, with Arnot St Mary Primary School for their pupils and families. The chur¢h also welcomed an educational visit frorn Gwladys Street School. Each week, the Comerstone building hosts a Community foodbank, offering support to families and individuals in need. This is part of a provision which stretches across other areas of the City and is staffed at St Mary's by members of St Mary's and St Aidan's. Thursday mornings in tem time, toddlers are welcome to stay and play along Wlth their parents. Cornerstone also houses cornmunily businesses and a¢tivilies, which are tenants in the building's offices, out- buildings and car park. In addition, church and community groups have regular meetings in suitable rooms within the building. St Mary's also hosts weekly activities in the Old School House (the Old Grammar School) inclLJding after service refreshments each Sunday, communily groups such as a weekly craft. each Tuesday, 'knit and natter,, chit and chat on Thursdays and bingo on the last Saturday of each month. The historic building has other activities. including trustees meeting (the Histor(c Parish of St Mary Walton), seeking to widen the role of the facilities within the Old School House and the Saxon area of the church grounds. st Aidan's, Cherry Lane, through its church and hall buildings provides a lively and well- maintained venue for worship, Christian education, communtiy activities, especially with young people and support groups. Community health is addressed through a slimming group land a darn group, both operating two d8ys each week. There's a community teagarden on Wednesdays and bingo on first Saturday evenings to promote community cohesion as well as a large ukulele rehearsal every Thursday whioh prepares the band for its work in the community. The ukulele band plays about onGe a month in different venues, including St Aidan's Hall, but especially in care homes where the songs can bring an immense amount of joy to residents who may have dementla, Alzheimer or other forms of memory loss. The playing and singing can bring back happy memories and has a profound Iharapeuti¢ effect which also helps build relationships. This is a combined community run activity which is very much part of the church outreach, but the group pay hall rent to cover costs. Christian oulreath and leaming for adults (begun as a bereavement supporl group) Galled 'God, you and a brew, is held one Sunday evening per month. The group has grown significantly and is able to engage 8 number of visiting speakers. A weekly group for girls on Friday evenings known a5 butterflies is held each Friday. Butterflies take part in Sunday worship serviGes and work towards and beyond confirmation.
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 2025 Throughout 2025. St Aidan's has held a number of key community events. These have included a community carol event which this year featured a concert by the Royal Air Force Cadets. During Christian Aid week in May, the work is promoled by events such as a community 'food and entertainment,. An annual day trip to Walton Gardens in Cheshire is a popular church and community event. St Aidan's patronal service and an invitation lunch is a red-lelter day in the church's calendar, as is the AubJmn ball, Variety night and Bonfire party. St Nalhanael's, Fazakerley Road. has a similar worship tradition to the other churches in the team with weekly services of Holy Communion each Sunday. Every third Sunday, however, the moming service at st Nathanael's lakes the form of a café church and is lay-led. This has becorne something of a fixture in the Sunday service rota for a number of years. Outreach events include a Harvest Supper service for the community and a Valentine service with a meal with the theme 'God is Love. A serwce on the theme 'Light of the World, was an altemative to the darkness of Halloween for both adults and children. Weekdays begin with fellowship together in the form of Nats Natter on Monday mornings and Mindful Play for loddlers which includes breakfast. Each Tuesday St Nathanael's adult craft class combines with 8 two-course cooked lunch which feeds the community at a cost of £1 per person on th8 basis of affordability. Thosè unable to afford the £1 are fed without charge. Line dancing for beginners is part of Ihe physic81 heallh input as well as community fun. Nats knitting and crochet is on Tuesday evenings. Afternoon tea is available on Wednesdays along with a gardening club with chair-based exeroise in the evening. A cooked o)mmunity lunch like Tuesdays is followed by a variety of community games and Fridays are St Nathanael's family night gatherings. Many of the weekly events are led by the resident 'Opening Doors, charity which is well integrated into St Nathanael's church and community. The charity and team are looking foDNard to the provision of a replacement extractor fan to meet hygiene standards in the kitchen and replacement kitchen units. The securtty of St Nathanael's buildings has been enhanced by an intrud8r alarm. A landscaped and beautifully kept garden (by dedicated volunteers) has been a great enhancement to the amenities of the church and was opened by a member of the local Council following St Nathanael's patronal festival. The church lighting has been improved following a few issues, especially in the vestry. The church aims to install replacement audio and wsual equipment which will be used to enhance and extend the mission of the church. Team events and activities. St Mary's and St Aidan's have Sunday School facilities providing Christian education for a wide age range. Each week, the children 8re invited to share something of their work in the Isunday School with the congregation and then lead the congregation in a prayer or prayers. St Nalhanael's h8s children in its services on an irregular basis but atways makes them welcome and it is always a joy to share the service with young people. However, the churches support one another in many of their community facing special evenls including Christmas and summerfayres when dates are chosen which do not clash with each other. These evenls are 8dvertÉsed to each ofthe churches and supported in other ways. Memorial services around All Saints and near Christmas have been much appreciated by the community. St Mary's hostsd a service for those bereaved during 2025 and sponsored by a local chain of undertakers. Throughout the ye8r (almost monthly) a Team service was held in each of the three churches plus St Luke's, often with a special emphasis, such as St Nathanael on their patronal festival, St Luke's, Goodison Road, when our guest preacher was the chaplain to Everton FC.
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 2025 We also lebrated one of our retired clergy's golden anniversaries of his deconning. An encouraging representation from each of the four churches attended every one of these Team services. Four services in August 2025 were Team services and the Fifth Sunday consisted of two joint services. Throughout almost all of 2025, the Team had no active slipendiary clergy. The Team Vicaffs resignation became effective in January 2025. The Team ReGtor was not available after 15th January and was unavailable and out of communication until her resignation date in September 2025. The Team churches, services were taken, almost entirely by the retired clergy with some help from lay people, visiting retired clergy and the Archdeacon of Liverpool. FINANCIAL REVIEW Tot81 income in the year was £99,505 {2024: £123,521) of which £835 {2024: £3,708), related to funding for projects upon which restrictions are plad. Total expenditure in the year was £92,319 {2024'. £145,930), leavSng a surplus for the year of £7,186 12024: deficit £22,409) before gains on investment assets 8nd revaluation of fixed assets. At 31 $1 December 2025 the charity's reserves stood at £634,378 (2024: £628,842) of which £36,056 (2024= £36,883) 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 been established to mitigate those risks. We became very well versed in public health risk assessments and were able to eventually get to grips with the financial situation once we could access online banking. The short-term financial risk was helped byfunds from the local Deanery and Diocese As we have better financial understanding in place, we are in a much better place to understand any financial risk and therefore mitigate this going forward. Reserves Poll¢y It is the policy of the charity to maintain unrestricted funds, which are free reserves at a level to cov&r six months, running costs should no further funding be received. As al the end of the financial year the unrestricted funds totalled £598,322 of which £546,547 is represented by tangible assets and investments, leaving free re8eNes of £51,775. The charity requires £45,795 for six months, running cosls. Plans for Future At the time of writing, the new Team Parish has been inaugurated. and the four churGhes are looking forward to the appointment of a new Team Rector and the Team's response to missional opportunities within the community in Walton on the Hill. STRUCTURE, GOVERNANCE AND MANAGEMENT The Parochial Church Council of the Ecclesiaslical Parish of St Mary the Virgin. St Aidan, and st Nathanael Walton-on-the-Hill, Liverpool is a registered charity., number 1131787 formed in 23rd Septernber 2009 and is governed by Parochi81 Church Council Powers measure (19561 as amended and Church Representation Rules.
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 2025 A council was set up in 1983 between St. Mary and St Aidan, whlch had formerly been the daughter church. St Nathanael 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 Church Council PCC members is governed by and set out in the Church Representstion Rules. The PCC consists of representatives from St Mary's, St Nathanael's and St Aidan's churches sltuated in Walton. One third of th8 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 committees 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 have historically been run on a day-to-day basis by a District CounGiI acting as local committees which then report to the PCC. They each have an electoral role of members and manage their own finances under the oversight of the PCC. Four meetings are held each year. REFERENGE AND ADMINISTRATIVE DETAILS Name The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, St Aidan and St Nalhanael Walton-on-the-Hill, Llverpool 1131787 Charity Number Address & Office Walton Team Ministry Parish Office The Cornerstone 2 Liston Street Walton Liverpool L4 5RW During the year members of the Board of Trustees were as shown on the next page.. Trustees
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 2025 Trustees A Banks J Cadden D A Clague J Cunningham L Hughes J Hynes V Jones W F Jones R Lacey G Llderth G Connor-mccreith K Miller B Nettleton J Neville J A Owens D Parsons D Regan R Robinson J Stein 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 stein Trustee Date..
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 report on the accounts of the charity for the year ended 31$1 December 2025 which are sel out on pages 8 to 19. Res ective res onsibililies of twstees 8nd examiner The charity's trustees are responsible 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 {the Charities Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the Charities Aci, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145{5)(bl of the Charities Act, and to state whether particular matters have come to my attention. Basis of inde endent examiner's statement My examination was carried out in accordance with general Directions given by the Ch8fEly 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 consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Irustees concerning any such matters. The prOdre8 undertaken do not provide all the evidence that would be required in an audit. and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below. In connection with my examination, no matter has come to my attentlon.. {1) which gives me reasonable cause to believe that in any material respeGt the requirements: to keep accounting records in accordance with section 130 of the Charities Act- to prepare accounts which accord with th8 accounting records and comply with the accounting requirements of the Charities Act have not been met., or 121 to which, in my opinion, attention should be drawn in order to enable a proper understsnding of the accounts to be reached. Inde end8nt examiners slalement Name: Ying Huang Relevant professional qualificalion or body.. ACCA Address.. clo LCVS 151 Dale Street, L2 2AH Dated.. 71o?./ao26....
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 2025 Notes Unrestricted Restricted Funds Funds 2025 2025 Tot81 Funds 2025 Total Funds 2024 Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments 39,556 23,860 33,677 1,777 39,556 23,860 33,677 2,412 55,502 33,191 31,953 2,875 2b 2c 2d 635 Total income 98,870 635 99,505 23,521 Expenditure on: Raising funds Charitable activities 1,443 90,147 1,443 90,876 1,510 144,420 729 Total expenditure 91,590 729 92,319 145,930 Net income (expenditure) 7,280 (941 7,186 {22,409) Gain on investment assets (Loss) on investment assets 14 (747) 14 {1,664) 935 (9171 Net movement In funds 6,363 {8271 5,536 (21,474) Total funds brought fonmard 9,10 591,959 36,883 628,842 650,316 Total funds carried forward 8-10 598,322 36,056 634.378 628,842 The notes on pages 10 to 19 fomi part of these accounts. All the above amounts relate to continuing activities of the 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 31ST DECEMBER 2025 Notes 31st December 2025 31st December 2024 Fixed assets Tangible fixed assets Investments 523,906 55,839 523,906 56,372 579,745 580,278 Current assets Deblors Cash at bank and in hand 56.220 49,898 56.220 49,898 Current liabilities Creditors.. amounts falling due within one year {1,587) 11,334} Net current assets 54,633 48.564 Total assets less current liabilities 634,378 628,842 Funds: Unrestricted funds Restricted funds Rastated 598,322 36,056 591.959 36,883 8,10 634,378 628,842 Approved by Trustees on ........... J Stein, 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 2025 1. Accounting Policies Basis of accounting The financial slatements have been prepared in accordance with the chaiity's Memorandum and Articles of Association and "Accounting and Reporting by Charities wtth the Statement of Recommended Practice applicable to charities preparing their accounls in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) ISORP 2019 (effective 1$1 January 2019)" and Charities Act 2011. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial slalernents are rounded to the nearest £. The Charity has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Ststement of Cash Flows. The accounts have been prepared und8r the historical cost convention with items recognised al cost or transaction value unless othepNise stated in the relevant nolels) to these accounts. Going concern At the time of approving the aGcounts, the trustees have a reasonable expectalion that the charity has adequate reserves to continue 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 to adopt the going concem basis of accounting in preparing the accounts. Fund accounting Unrestricted funds are th8 charity's free reserves available for the trustees to apply in accordance with the charity s objectives. Designated funds are funds set aside by the trustaes for specrfic putposes. Restricted funds are subject to specific restrictive conditions imposed by the donor and, where appropriate include interest generated thereon. Income recognition All income is recDgnised once the charity has entitlement to the income, there is sufficient certainty of receipi and so it is prob8ble that the income will be received, and the amount of incom& receivable can be rneasured reliably. Donations and legacies comprise of donations and general grants which arè recognised in the accounts when received, with the exception of known legacies which are accounted for when their receipt is certain. Income from charitable aGtivities is recognised on an accrual's basis except for grants receivable, which are récognised on the date on which their unconditional payment is confirmed by the donor. Income from other trading activities relates to fundraising events, photocopying income and rental income and is recognised when the amount is certain. Income from investment relates to income from investments received and is recognised when the amount is certain. Other income relates to insurance claim is recognised when the amount is certain. io-
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 2025 Fixed Assets Fixed Assets (freehold property) are valued at fair value based on insurance valuation and reviewed every five years by the trustees. Investments Investments are included at market value. Re81i88d 8nd unrealised gains and losses are reported in the Statement of Financial Activities. Expenditure recognition Liabilities are rÈcognised as SDon as there is a legal or constructive obligation committing the charitable company to that expenditure, it is probable th81 settlement will be required, and the amount of tEte obligation can be measured reliably. All expenditure is accounted for on an accrual basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the Ststement of Financial Activities. Support and governance costs are applied to unrestricted funds unless specifically included in the restrictions, as specified by the donor. Expenditure on charitable activities relates to the operation of the charity comprising of direct charitable expenditure to meet the objectives of the charilable company. Support and governance costs relate to the management and operation of the organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the charitable company. Cash and cash Bquivalents Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short-lerm 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 Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its fin8llGial instruments. Financial instrumants are recognised in the charity's balance sheet when the charlty becomes paty to the contractual provisions of the instwment. Financial assets and liabilities are offset, with the net amounts presented in the financial statemenls, when there is a legally enforceable right to set off the recognised amounts and there is an intention to setde on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently ¢arried at amortised cost using the effective interest method unless the aangement constitutes a financing transaction, where the transaction is measured at the present valkje of the future reIpts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amoritsed. li
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 2025 Basic financial liabilities Basic financial liabilities, including credilors and bank 108ns are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value af the fLtture receipts discounted at a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt inslwments are subsequently carried at amortised cost, using the effective interest rate method. Derecognition of financial liabilities Financial liabilities are dérecognised when thè charity's contractual obligations expire or are discharged or cancelled. Critical accounting estimates and judgements In the application of Ihe charily's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of 2ssets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that afft considered to be relevant. Actual results may differ from these estimates. The estimates and undedying assumptions are reviewed on an on-going basis. 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 periods where the revision affects both curront and future periods. All expenditure is accounled for on an accrual basis. All expenses, including support ¢¢sts and governance costs, are allocated or apportioned to the applicable expenditure headings in the Slatement of Financial Activities. Support and govemance costs are applied to unrestricted funds unless specifically included in the restrictions, ag specified by the donor. Cost of charitable activities relate to the operation of the charity comprising of direct charitable expenditure lo meet the objectives of the charity. Support and governance costs relate to the management and operation of the organisation and also Complian with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the charty Taxation Income and gains are exempt from taxation as they are received and applied for charitable purposes only. The charity benefits from various exemptions from taxation afforded by tax 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 record8d in the accounts inctusive of VAT. 12-
THE PAROCHIAL CHLIRCH 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 2025 2. Income and endowments from: Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 a. Donations and legacl8s: Donations Tax efficient giving Other planned giving Collections Gift ald 5,393 5,262 16,578 3,953 8,370 5,393 5,262 16,578 3,953 8,37Q 13,053 7,219 15,114 3,g10 16,206 39,556 39,556 55,502 Income from donations and legacies for year end 2024 related wholly to unrestricted funds. b. Charitable activities: Activities income Di0e of Liverpool Hall hire Dioceso of Liverpool support Weddings and fijneral fees 187 187 470 3,000 12,240 7,185 10,296 13,867 13,867 9,806 9.806 23,860 23,860 33,191 Income from charitable activities for year end 2024 comprised £30,191. for unrestricted funds and £3,000 related to reslricted funds. Other trading activitie5: Fundraising income Photocopying income Rental income 14,826 389 18,462 14,828 389 18,462 14,169 539 17,245 33,677 33,677 31,953 Income from other trading activities for year end 2024 related wholly to unrestricted funds. d. Investments: Investment income Bank interest 1,189 588 635 1.824 588 2,135 740 1,777 635 2,412 2,875 Income from investrnents for year end 2024 comprised £2,167 for unrestricted funds and £708 related to restricted funds. 13
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST IVtARY THE VIRGIN, ST AIDAN AND ST NATHANAEL WALTON-ON-THE-HILL LIVERPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEtI 31ST DECEMBER 2025 3.Expenditure on charitable activities Direct Support & Charitable Governance Expenditure Costs Total 2025 Total 2024 Th@ provision Df sacred space for personal prayer pastoral work and teaching of Christianity 31,581 59,295 90,876 144,420 a. Analysed as follows.. 2025 2024 Dxrect charitable expenditure.. Liverpool Diotse5e Church supplies Organ Organist Activities costs Volunteer expenses Wicar and clergy expenses Wedding and funeral fees 22,272 1,964 204 90 3,246 275 2,436 1,094 58,264 3,483 735 4,522 3,545 1,598 31.581 72,147 2025 2024 Support & governance cosls.. Staff salary cosls Donations and gifts Office Costs Building costs Website costs Spotify Insurance Elections Bank charges Sundry Accountancy fees 14.413 1.127 2,299 33,281 202 10.288 2,110 2,227 47.235 234 136 8,326 200 193 6,158 85 153 1,577 1,324 59,295 72,273 Total expenditure on ¢haritable activities 90.876 144A20 £729 (2024.. £5,802) of the above expenditure relates to reslricted funding. 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 2025 b. Staff Costs 2025 2024 Gross wages and salaries 14,413 10,288 PartiGulars of employees: Average number of employees during the year. calculated on the basis of full-time equivalenls. was 88 follows- 2025 2024 Charitable acttvities No employee received emoluments of more than £60,000 during the year. The Trustees are not remunerated fortheir SeNiS and are not included in the above numberof employees. 4. Tangible fixèd assets Freehold Property Total Cost or revaluatlon Balance as at 1st January 2025 Revaluation Additions during the year 523,906 523,906 Balance at 31st December 2025 523,906 523,906 Accumulated depreciation Balan as at 1st January 2Q25 Charge for the year Balance at 31 December 2025 Net Book Value at 31st December 2025 523.906 523,906 Net Book Value at 31st December 2024 523,906 523,906 The land was donated to the church, and garages were built on the land. The trustees consider the valuation have not changed during the year. 15
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 2025 5. Fixed asset investments 2025 2024 Market value al 1$1 January 2025 Income Withdrawals Net realised gain on investment assats Net realised Ilossl on investmenl assets 56,372 1,824 17071 14 59,654 2,135 (6,3521 935 11,6641 Market value at 31$¢ December 2025 55,839 56.372 6. Debtors There were no debtors during or at year end 31st December 2025 {2024: Nil) 7. Creditors: amounts falling due within one year 2025 2024 Accruals 1,587 1,334 8. Analysis of net assets between funds 2025 Tangible Fixed Investments Net Current Assets Assets Total Unrestricted Funds General Fund 523,906 22,640 51,776 598,322 Restricted Funds Diocese of Liverpool J Shaw bequest Taylor bequest Woodland Mission Fund 2,857 2,857 14,664 15,605 2.930 14,664 15,605 2.930 33,199 2,857 36,056 Totals 523,906 55,839 54.633 634,378 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 2025 2024 Tangible Fixed Investments Not Current Assets Assets Total Unrestricted Funds General Fund 523,906 23,075 44,g78 591,959 Restricted Funds Diocese of Liverpool J Shaw bequest Taylor bequest Woodland Mission Fund 3,586 3,586 14,029 16,216 3,052 14,029 16.216 3,052 33,297 3,586 36,883 Totals 523,906 56,372 48,564 628,842 9. Unrestricted Funds 2025 Reserves at Beglnning of year Income Expenditure Revaluation RÈsenfes and at End of Investment year (losses) General fund 591,959 98,870 {91,590) (917) 598,322 2024 Reserwes at Beginning of year Income Expenditure Rovaluation Reserves and at End of Investment year {lossesl General fund 611,774 119.813 {140,128) 500 591,959 General Fund is used to finance the charity's general activities and core costs as outlined in the Trustees, Report. 17
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 2025 10. Restricted Funds 2025 Reserves at B8ginnrng of year Income Expenlture Revaluation Reserves and al End Of Investment yèar Gainslllo$se$l Di0e of Liverpool J Shaw bequest Taylor bequest fund Woodland Mission fund 3,586 14,029 16,216 {729) 2,857 (_) 14.664 (611) 15,605 635 3.052 (1221 2.930 36,883 635 {729) 1733) 36,056 Movement in the year Income Expenditure Revaluatlon and Investment Gainslllosses) 2024 R8S8rvas at Beginning of year Reserves at End of year DI0Se of Liverpool J Shaw bequest Nalional Lottery Community Fund Taylor bequest fund Woodland Mission fund 1,888 13,321 3,000 708 11,302) 3,586 14,029 4,500 (4,500) 15,849 367 16.216 2,g84 68 3,052 38,542 3,708 (5,802) 435 36.883 These are monies given to thè Charity to be spent at the discretion of the Board of Trustees for specrfic charitable purposes, as follows.. Diocese of Liverpool- Contribution towards Messy Church. J Shaw bequest- for upkeep ofthe organ at St. Mary's Church. National Lottery Community Fund- Contribution towards community thrive project. Taylor bequest fund contribution towards the refurbishment of St Marys Ghurch Woodlands Mission Fund - contribution toward publicity. 11.Guarantees and Other Financial Commitments There are no financial commitments under non-cancellable operatlng leases {2024.' £Nil). 18
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 2025 12. Related Parties There were no material related party transactions during the year which require disclosure 12024.- none). 19-