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 advan￿rnent 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 pla￿d.
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 prO￿d￿re8 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 a￿angement constitutes a
financing transaction, where the transaction is measured at the present valkje of the future
re￿Ipts 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
Di0￿e 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 SeNi￿S 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 Expen￿lture
Revaluation
Reserves
and al End Of
Investment
yèar
Gainslllo$se$l
Di0￿e 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
DI0￿Se 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-