CHARITY REGISTrATION NUMBER: 1131867
Workington St Michael
Parochial Church Council
Unaudited Financial Statements
31 December 2023
robinson+co
Chartered Accountants

Workington St Michael Parochial Church Council
Flnanclal Statements
Year ended 31 Oecember'2023
Page
TTustee8' annual report
Independent examlneVs report to the trustees
Statement of financlal activities
statement of financial position
Notes to the financial statements
10

Worklngton St f¥llchael Parochial Church Council
Trustees, Annual Report
Year ended 31 December 2023
The twstees present their repcrft and the unaudited ffnanci81 slalements of the PCC for the year ended.
31 December2023.
Refcr¢nG? and admln15tratJve detalls
Reglstered charfty name
Vorkinglon Sl Michael Parochial Church Council
Charlty reglstratlon number
1131867
Workinylon Parothial Churrh cou￿1
Parish Office
Sl Mi¢haBI's Chwch
Falcon Place
Worklngton
CA14 2EZ
The trustees In 2023
Chalr
The Very Revd DT Frances Ward
Assoclate Prl&st
The Revd Dr Peter Powe
Reader
fvls Charlotte Lail
s Rachel Rose
R8ader emeTItus
Mr Rlchard Jones
Plon8er Mln19ter
Mr5 Valerie Hallard
Wardens
Mr Eric Martln
Mrs Wenty Kendall trom APCM 2023
Secrètary
Mrs Jula Sharpe
Trèasurer
Mrs Joanne Branlff
Lay Chalrpgrson
Mr Erfo Martin
Deanèry Synod
Representatlves
Mr Mfflkirnson
Mrs Julla Shorpe
Mrs Margaret Nithol
Safèguardlng Offltèr
Mr5.J8n Witty, Mrs Wendy Kendall
Eléctoral Roll Offieèr
Mr Brian Wlkinson
Glft Ald Offl¢•r
Ms Hèlen Timion, vthth Mrs WeThYy Kendall

Workington St Michael Parochial Church Council
Truste8¥' Annual Report {¢ontlnuedJ
Year ended 31 December 2023
Trustees
To setve unlll APCM 2024:
Joanne 8ranlff
To,serva untll APCM 2025..
Clarè Stilwell
Margaret Nlchol
Chris Cunliffe Ireslgned, S&ptember 20231
Wendy Kendall
Elèanorwlson
lo serye unll APCM 2026..
Mr Eric Martin
Mr Slu¥rt Ed9er
Mr8 Julia Sharpe
Mr MaTk Slllwe
Mr Keith Beattl8
Mrs Helen Tlnnlon
Mr BrS8n Wilkinson
Mrs Sheila Clark
Mr Barry Clarf
Cpmmltt•e#
The PCC meet8 approximalety elghl tIrn83 8 y•Br to ov•rs88 the overall direcuon Of mi861on, vislon
and 8tralegy, and the work of a numbef ol commlttees, whl¢h meel a$ requlred be￿een full rneetingB
ol the PCC.
Standlng and Flnxncè Commltt••
Th15 Commlttee meet8 o¢ca8lonally as nèèd arl668 or th &mergtsncy as a subcommlttee ol the PCC.
d Is comprised ol the Priest In Charge, the Lay Chalr. tha WBrdans. the Seer•tary, the Treosur•r
.￿d any CL>oplod m•mbers.
8oclal Commlttee
This comrnittee m¥kes grrangomenls for and co-ordinates Boclal activities ol the parlsh churth, to
d8velop and prornots good lellow6hlp, lo fund ralse fc* the paflsh and for other Soclal causeg.
stewaldshlp Commltte?
The Stewardshlp cornmlttee. wlh Ihe help ol the Dloce¥¥n Bupport legm pf Soph69 Hodges ond John
Thompson, who consulted wlth thè PCC In Jun6 2022. and agaln in July 2023. organi5ed a Generosity
Week In Oclobef 2023. wNch wa8 well received 8nd showed 8Th811 increa¥e¥ in givlng. The plan is lo
fvJld a Generosity Week on an annual baBI8.
Safeguardlng Commlltsè
In 2023 Mrs Jon Wtty holdo the Safaguardlng Officer role for both p¥ri¥he¥, wth the support ol Mrs
Wendy Kendall.
Accountants
rebln80n+co
Chartered Accountants
Oxlord Chamber8
New Oxford Slreel
Worklnglon
CA14 2LR

Worklngton St Mlchael Parochial Church Council
Trustees, Annual Report {¢Onllnweu)
Year ended 31 December 2023
Structure. Governancg and Management
The P8rochial Church Council Is a cOrP￿ate body established by the Church of England. The PCC
operates under the Parochial Church Courtcil Powers MÈasure119561 latefy amended by the Church
Representation Rul95, 2020. The PCC became an Offityal Charfty registered wilh thg Charity
CommSssion in 2009, Charity Nurnb8r 1131867.
Recruifm8nl andAppoIntm￿I tsf nl8mber8
Member8 of the PCC, are either ex officio or 8lected al the Annual P8rochl81 Church Meetlng In
aeeordancè wllh the Church Rèpre88ntallon Rulès.
ObJoCtlv68 and actlvltle¥
The PCC'S obledlves are lo provlde worshlp and provlde lacllllles io benefll tho emilronmenl and the
community al large.
Public 8eneffl
The Iruslees have referred lo the guSdarKe ¢C*ntalned In the Charity CommlssSon's general guldanca
on public benelil when revlewng the charity's alms and oblectives and in planning fijture octivilies. to
ensure $uGh act1￿15¢6 ¢onlrlbute io Ihg alms ond oblectfves.
Aehlgvem8nt• and p•rfom)anc•
Church $ffend8nGe
Al the 2023 APCM il wa$ reported that there 218 n8mes on the electoral rell. 66 01 those on the
rott rèsido in the parl8h.,'131 ie3ide el8ewhere in Worktnglon and 21 aTe noTrre51denl.
Attendance on normal Sunday8 li approxlmatety a8 follows'.-
8.'OOam at Sl John'8
4-7
9.'30am at Sl Mlchael'8 3Lk40
11 am 01 St John's
3fy40
6.'30pm at Sl Mlchael's 10.15
Common Worthlp or Book ol Common Prayer
Common Worshlp Isung) with Sundgy School
Ccimrnun Worship (Sungl wlh Sunday School
variety of s•rvic&s, including haaling 8n¢J
evtrnsong, on & monthly pattern
There conllnues to be a significant foll￿ng on I1￿ of the I￿￿$treaMed 9..30 $•rvl¢• of worshlp.
The rnldweek Eucharis1 on Tuesday at 11 am Is followed by refreshments ￿th approx)rnalely 12-20
communitsnls. ICW, Baidl
T￿r¥daY (now monthly on JO Thursday) at e'.30pm 1fv12 C¢mmon Wor8hip (Said)
Durkng 2023..
Baptisms in Church..
'Funerpls In Chw¢h'.
Weddings in chUrc￿-
16

Workington St Michael Parochial Church Council
Truste8s' Annual Report {conthuedJ
Year ended 31 December 2023
Achlevements and perfomiancè (Cokjvnvedl
In 2Q23 splrit5 remaln high al St M6chael'8, wllh many new InlllatiVe8 fulfilling th• four goals of growthig
youngw, gr¢wlng greener, growlng QU￿ardS and growlng doser lo God
The Confvrence facllltios We￿ managed by en Offlce Adminlslralor, Mfs Lorna Wlson, who r88i9ned
from effect in Augu512023. The conference [￿]lItIeS and office continued lo be a(Iministrated very
satlsfaciorlty by a learn ofvoluntstrs, headed by th• Church Warden, Mrs Wendy Kendall.
The year saw agreemènt befvleen thè parl8hes of Sl Mlthael's and Sl John's to becorn• a united
Benefice, whkh c8me.lnto L*lng on 1 January 2024, the re-In¥takrngnl oflhe 8nGlgnl po81 of
Rector of Workington.
In January 2(r24'th8 Raclor. th8 Vory R•vd Dr Fra￿S Ward and tha 8ssocl818 priest, The Revd fff
Peter Powell, announced thelr relirernenl to tsk? effeBI from September 2024.
Grc>wng Closer to God..
The SundAy s¢NIcès ara a8 follo￿..
8..00 am al St John.
9.30 am Al Sl Michaal'8 Parlsh Eu¢hari81
11.'00 am at St John's Parlsh Eucharist
Weekly bap113rn5 al either or both churche8
$.30 pm al St Michael's Iwilh a monthly pattern ol a varlety of 8ervlce8, Includlng
heallng. Choral evensong, the offerlng ol InGen89, and fallh Story sharing)
The ￿ mldweek servl¢es a111'.00 om Qn Tu&sdgy ISI Ml and 11.'00 am on Wèdne6day ISI
Jl are both followed by Tefreshfflents and lunch club re8p8ctively, whlch were deBlgnaled worm hub8
durlng the Go8t ol Ilvln9 crlsi$.
Therels a monthly Eucharist on Thur8day evenings, lor the young@he¥rt
In N¢vernb•r 2023, Ms Char]otto Lalt and Ms Rachel Rose were licen80d as R8bd•r8 al
Codi8le Cathedral.
Growlng Greener.
The par18he8 collaborate with a'gr8en group.. chaired by Valerie Hgllard. and followlng a jolnl
PCC d9y on'Golng lor Gold, 86 Ecochuid)e8 on Saturday 10 September 2022, both churches ha
attalned slSver Eco awards and are working towards gold Eco gwards.
Polllnal¢T projects and'greenlng the churchyards, are undarway across 84ch parf8h, and
close links developed wllh local wlldlif• And ngture partnershlp8.
Growing Younger..
Both churches conllnue to hold Sunday Schools •v8ry Sunday with ¢hlldren proreediny lo become
server8 81 St Michae18. The Youth Group continues lo meet on Thursday evenlngs. and tha Massy
Mlchaels session happens in churth on tho first Sunday in tha monih.
Growing outwards in the Town..
The Rector in 2023124 wa5 th? chaplain to the Mayor. whlch consolldated atKI dev8lop•d ongolng
contacts In lh• town.
Th8s• things ar8 important to both PCCS:
Cow)linuSng Vol￿ and presence of th8 Church In Worklngton
th the announcement of the retiremant of the Rectr)r and 8sgod8le Prle$l, both ¢hur¢hes
collaborate on the proGess lowgrd¥ tho appointment of the next Rector. with a ¥troThJ sen8e of
posltivity.
The Parlsh Magazlne. Church Crack, 19 edlted by Mrs Sue Shaw. from September 2Q23.
'Both pari5he5 continue lo explore ways to collaborate. for oxarnple, by shar￿9 back offico
resources and roles le.g. the S3leguarding Officer).

Workington St Michael Parochial Church Council
Trustses. Annual Report l¢onUnu
Year ended 31 December 2023
Achlevements and perforniance (ConWn¥g(1)
Suslalning a full worshlp programme on Sundays and through the week
Sharing musical expeTbse, including bell ringing
Both parish9$ havp real resources Ic* dèvelop In Ihls area and are committed to furth8r
collatr*Jration
Fafthful disdpleshlp.. 811 lesmlng- Study groups. confimiation, etc- is done ov8r both p8rf8hg$
The Unlled 8eneflce has the fellovrtng Governance..
Separate PCCS. meeting monthly of blrncnlhly
2 or 3joint PCC days each year lo det8Tmine strategy, mlsslon and outfe8ch, and g0v8mar￿a.
4 meethgs B year ol a joint Slandlng Comffllttee.. Church wardens, 8ecretarles. treasurers
wllh clergy and mln181er8
Four Growing Groups, to tske forward ml881on and 8tral¢gy
Subcommillèè mèellngs, 8harfng pracllce and expertise. on fabric1b￿ldIn9 mglnlenan¢&,
finanBe and slewardshSp, soclal programmès, t8aehlng, cemmunlcallon and 80cial media. etc
Slrèamllnad 8dmini8tratlon, wllh 8hared role¥ lo avold dupllrntlon. e.g. Safeguardlng.
Mln15try and Worshlp: s•• abovè lor changè to the pattern of wor3hlp, as St Michael's and 81 John's
pari8heB work more closely tog&lher. Online worshlp was mad& posslblt by Mr Mark Slllwell. The
organlsl role Is shgred by Mr Mark Hazzard. Mr Alan Jackson,.Mr Mark Sllhvell and Mr Chr181opher
Lamb.
There were lolnl sorvi¢os held vAih both church88, through Holy Week and Easter. atAscenslon, at an
knim81 Service In October, al Remembrance Sunday In November, and over Chrlstrnas.
Vocatlono and tr•lnlng: o.focus conllnu88 on lay edueslion and encovraglng a sense ol vc¢allon lo
Ik•ns8d18y mlnlslry, ordination and volunteerlng, partl¢ularly after Charlolle Lait 8nd Raehel Rose's
ItcenBing in November 2023, who pieached increaslngly often through the y•ar.
Dr$ Word and Powell continued Ihelr P•$ioral mlnlstry over boih pgrf8he8, v15ibng ￿nBh1One18 on 8
re9ul3r b8315, Including monlhty provlslon of horng communlon for those In need, and conducting
funer&13 a8 requlred In church and al the cremalortum or grAV8sid•.
Bulldlng and Molnl•nance', The PCC conllnues to be grateful lo Eric M8rtin, in particular, for hi¥
ccmmilmenl lo ensure our facllitses contlnues lo be well rnainl8Sned Igr use by th• ¢ongregallon'and
organl99Uons IhrouglTh)ul our cornmunlty.
Throughout 2023 the Soclal commltte&, chaSr8d by Mrs Clare Slifwell., conunued lo meet In person or
on Zoom lo plan a cglen(lar of evont¥ and the Young Ladles Group and Youih Group continued tc
provide some events.
The Sunday Sehool undar fha108dership of Mrs Wendy Kend811. conllnug9 In good heart, forwhich
the PCC was grateful. The Tot5 Group and Youth Group eonlinues lo thrive and grow, wilh the tot$
group full and with a wattlng list, and the youth group Increaslng from 3 to 12 slnce Covld lockdowns.
Th8nk81o Mrs Joan ColllnB and Mrs Lorna Wlson Bnd their teams for their continued commrtmenl,
time and 8fforL

Workington St Michael Parochial Church Council
Trustee$. Annual Report {contlnu•dJ
Year ended 31 December 2023
Fonanelal rèvlèw
At 310ecernber 2023 the PCC held £304.27512022- £296,837) in unrestricted funds, £50, 191 12022
£64,5031 In iestricled funds and £152.01012022 - £145.8101 in endowment ftjnds. The PCC remains
in a strong position.
Parish Offer
In July the Parish Offèr for 2024 was pledged at £39.520.
The Resarves Policy.
The PCC agreed lo hol¢J 2 years ol unrestricted furids". £225.000- including designatory reserves..
General reserve
£150,000
Building reserve
£50.000 (which could be covgred by tre Fabric fund)
Community reserve
£25,000
incipal fiinding sources
Aside from the income generated by the church hall lettings. the prinapal funding 1$ voluntary Income
through planned giving, service collections and general donations.
Risk Managemenl
During 2023. the members have continued lo be mindful ol the rnaior strategic, business and
operational risks which the PGC faces and confirm that systems have been established to ènable
regular reports to be produee¢J so that the necessary step5 can be taken lo lessen these risks.
The trustees annual report was appr¢ved at the APCM on Sunday 12 May 2024 and signed on behalf
of the board of trustees by..
The Very Revd Dr Frances War¢J
Rector of Workington. chair ol the PCC.

Worklngton St Mlchael Parochlal Church Councll
Independent Examiner's Report to the Trustees of Workington St Michael
Parochial Church Council
Year ended 31 Decembèr 2023
l ieport lo the trusle8s on my examlnation ol the financial statements of Workington St Mid)ael
Parochial Church Council I'the charity'l for the year ended 31 December 2023.
Respon$lbllltle$ and ba$ls.of report
As the Iwslee8 01 the charity you Are responslble for the prèparatlon ol thè financlal 8ts1emenls tn
accordance wfth the requlrements of the Charities Act 20111'lhe ACY).
I report In respecl of my exam[r￿tIOn of the chadvs financlal slalernents carrled ¢yJt under sedon 145
of.the 2011 Acl and In cgrrybng C￿rt my ex8mSn8llon I hAv• followed 811 thè applleabl• DlrÉetlon8 glven
by the Charlly Commlsslon under sedlon 145lSllbl of the Act.
Independent •xamln•f8 statement
I hav• compl•led my •xarnln?Ilon. I contlrm that no moterlal moliers ha￿ come lo my attentson in
¢onn8Ction wlth the axamin81ion glvlng me cause to believe that In any materfal respect.
accounllng records were not kopl In r8speGi of Ihg charty as requlred by secllon 130 01 the
Act., or
the flnanclal 8lalement8 do not accord wilh those records., or
Ihe financjal statements do not cornpty wllh the 8ppIIc8blè reqtjlremeftts concémlng th&
fom 8nd conlenl ol ¥ccounls 881 out in thè ChBritiés (Accounts and Reports) Regulations
2008 other than any requlremenl that Ihg account8 glvo a 'lrue and lav vlew whlth is nol a
matt•r consld8r•d as part of an ind8pènd•nl •xamSn8tlon.
I havè no ccn¢ern8 have come acroBs no other matters In conn8cllon wllh th8 examlnalion lo
ich allenllon 8hould be drawn In th58 report In order lo enable a prepèr under8tandlng of the
accounts to be reached.
Darren Mew3e FCA
Independenl Examlner
roblnson+co
Chgrtered Accountants
Oxford Chambers, New Oxford Street
Workinglon
CA14 2LR
12 May 2024

Worklngton St Mlchael Parochial Church Council
statement of Financial Actlv5tles
Year ended 31 December 2023
2D23
Unrestricted Reslrfcled Endowment
fijnds
fijnds
funds Totsl fund8 Tol81 fjJnds
2￿22
Noto
Income and endowments
Donallons and legaues
Charitable a¢tivitl•s
Other trading activitses
Investment
40,364
8,815
41,338
12,794
103,311
40,364
8.815
41,33e
16,543
107,060
51,174
13.587
35,601
e,818
107.180
3.749
3.749
Totsl Income
Expendllure
Expenditure on
Ghariloble acllvllleg
100.172
13,762
113,934
113.934
107,860
107.860
Total expendlturo
100.172
13,762
Net 9ainsllloss¢81 on.
Inve3lment8
10
6,200
6.2fy)
18,793)
N•t In¢omdl•xpendlturel
3.139
110.0131
8,200
18741
19,4731
Trgn81er$ be￿en lund5
4.299
14.299)
Net movement In fundg
7,438
(14.3121
6,200
18741
19,4731
R•conclllallon of lund¥
Total fiJnds brought fowrd
Totsl lund9 ¢grrlod forward
296.837
304,275
64,¥J3
50,191
145.810
152,Q10
507,150
SO6,476
516,e23
507,150
The Statement of fln8ncl4 a¢lfvllles Includes 811 galns 4nd105968 reco9nlged In tho yeaT.
All Income and oxpendSture derive from conlinulng 8th￿•3.
The not￿ on page8 10 to 23,lonn part ot the58 flnanclal statsrnents.

Workington St Michael Parochial Church Council
Statement of FinancSal Positlon
31 December 2023
2023
2022
Not8
Flx•d a88•ts
Tangible fixed 8$sets
Fixed asset Investments
14
15
35,913
72,10S
37,795
65,905
108,018
103,7(K)
Current a•sel•
Debtors
Short terrn deposits
Cash 91 bank and in hand
16
17
22,156
353,460
30,507
19,527
359,959
28,178
406, 123
407,664
Cr•dltor•: amount• lalllng due wl¢hln ong y••r
N•t curr•nt a8$•t•
18
17.6651
398,458
506,478
14.2141
403,450
507,150
Total a88et• l•*• current114bllltle•
Net 118•Ot$
506.476
507.150
Fund$ Of thè ¢harlty
Endowment funds..
Perrnanenl endowm¥nl lund$
Expondable endowment lunds
Reslricled funds
Unrestricle¢J funds
144,624
7,3e6
50,191
304,275
138,424
7,386
64,503
296.837
Total charliy lund8
20
506.476
507.150
These financia1 statements were approved by the btsard ol Irusle*$ and aylhorised for i$$ue on 12
May 2024. and are Signed on behalf ¢1 the board by..
Th• V•ry R•vd Dr Fr•n¢•• Ward
Chalr
The nota on pay•• 10 to 23 fomi part of these ff nanGlal •t•i•m•n¢o.

Workington St Mlchael Parochial Church Councll
Notes to the Flnanclal Statements
Year ended 31 D8cember 2023
G?neral Informatlon
The charity l¥ a publ1¢ benefit onuty and a reglslered charlly In England and Wales and 15
unincorporated. The address of the principal office Is Worklngton Pargchlal Church Councll,
Parlsh Office, Sl Mlchagl's Church, Falcon Place, worki￿￿10￿ CA14 2EZ.
Statement of compllance
These ffnanclal statemènls hav• ￿en prepared In compllance with FRS 102, 'The FSn8n¢l?I
Reporting Standard applicable In the UK and the Republ1¢ of Ireland,, the Slalement of
Recommènded PfactlcÉ appllcablè lo ch8ritles preparing Ihelr accounts in accordan¢e wllh the
Financial Reporting Standard appllcable In tho UK and Republ1¢ of,Ir•land IFRS 1021 (Charilles
SQRP IFRS 10211 and t￿ Chorilies Act 2011.
The financlal slalements have been produced to glve a 'lrue and falrf view and hav8 d8parted
trom the Charities (Accounts and Reports) Regulatlons 2008'.oFnly lo the extent requlred to
provlde a'tfue and lalr vl8W. Thi$ departure has Involved followng Accounting and Reporting by
Charities preparlng Ihelr acGounts In accordance with the Flnanclal Reporting Standard
appllcable in the UK and Republic ol Ireland IFRS 102)188U8d on 16 July 2014 rather than lh9
Accounbn9 gnd Reportln9 by Ch&rllies.' Statement ol Recommended Practice effe¢tlve frw 1
AprS120tIS whKh has since b8en withdrawn.
A¢¢ountlno poll¢lt$
B&$l$ of pr•pAratlon
Thè flnatKlal statements have been prepar8d on thè Nslorical c031 basis, a3 modlfled by the
revaluatlon of cortaln financlal 8880ts 8nd11?bllllle8 and Inve&tmenl propèrtle$ meosured al lalr
value through Income or expencliture.
The financS81 slalements are prepor•d In sterllng, whlch 58 the functlonal cwr•ncy ol Ihg enllty.
Golng concèrn.
Thor¢ or• no materfal uncertalnlies alJout the charlty'3 ablltr lo oontlnue.
Dl$closure •xemptlon8
Tho charlty has taken advantage of th& 8x•mptlon In FRS 102 Update 6ulleUn 1 from Ihe
roquiremenl lo produce ¥ cashflpw tstatornent becaiTre11 Is a small chwity-
Judggmgnt3 and key sources of esllrn4tlon un¢ertalnty
The preparation of the financlal slalernent8 requlres management to make judgements,
esllm8tes and a8sumplion3 that affect the amounts reported. These e8limalgs and judgements
arB continually reviewed and are based on experience and other factors. including expectations
of futwa events that are belloved lo be rgasonable underlhe clrcumst8nce&
10

Workington St Michael Parochial Church Council
Notes to the Flnanclal Statements fcontlnuedj
Year ended 31 December 2023
A¢couiiting polldes {eomUnuédJ
Judgements and key wurees of estlmatlon uncertalnty (¢onNnuooJ
Slgnrficantjudgements
The judgements 18part from those involving estimations} that the members have made In Ihg
prO￿s$ of applying the entiws accountlng polloes and that have the most significant efiect on
the amounts rècognls8d in the ffnancial stslements are as follow3..
Investment valuations
Investmenls held by Ihe Pcc'are liste¢J and fherefore are independently valued 81 m8rkel valuè.
Impairment ol tangible fixed assets
The PCC is required to review fixed assels for impairmenL The members make judgments aboul
the condibon ol assets and review Iheir esfjmated lives. Key sources of estimation uncertainty
Acc(xJnling eslimales and assumptions are made conceming'thè ftJtU￿ and, by their nalui¢, wll
rarely 8qual the related actual outcome. The key a55UtnpliDns and ¢)ther sources of eslimalion
Un￿rtaInty that haye 8 5ignlficanl rlsk of causing a material adjustment to the carrylng amounts
of assets and liabilii¢es wthin Ihe next financial year ale as IgllDws'.
The useful aconomic life of each category of fLxed asset is assessed when aGquired by the FCC.
A degree of estimation is occasionalty used In assessing the useful eGonornic life of assets.
Fund accountlng
Unre51rictEd lunds are available for use at the disc¥etion of the. trugtees to ￿rther any of the
charity's purposes.
Re51rrcled funds are subl8cted to r8sirictions on their expenditure declared by the donor through
the terms of an appeal. and lall into on8 of two 3ul>Blasge8'. restricted Income funds or
èndowment funds
Incomlng resoureès
All Income is Included in the stalement ot rinandal ath"viU88 vA)en entitlém•nt has passed to the
charity. it is probable that the economic benefits assoc4ated with the transacli¢M will flow lo the
charity and the amount can be felièbly measured. Thè following specific policigs ar& applied to
particular c8tegorie$ ol in¢ome'.
income from donations or grants is recogni5ed whBn there is evidenc¢ of entitlement to the gi
receipt is FKobable and its amount can be measured Teliably.
lagacy income Is recognlsed when receipt 15 Pr￿Jable a)d entitlement Is established.
income from donalpd is me4sured al the fair value of Ihe goods unless thls Is Impractical
to measure reliably. in which ease the value is dorived from the cost to the donor or tre
eslimaled re5a19 value. Donated facilities and 5etvices are rè(x)gnised In the accounts when
receiv&J if the value can,bè rèliabty mtsasured. No amounts are incI￿￿ed for the contribution of
general volunle&rs.

Workington St Michael Parochial Church Councll
Notos to the Flnanclal 8tstementS (¢onUnue
Year ended 31 December 2023
Ac¢ountlng poll¢les iconllnueflj
Incomlng resources (¢Qftllnts8dl
income from cA)nlra¢ts for the supply ol seNl¢e8 18 re￿ised vAth dellvery of tho
conlr8¢led service. This 18 claGsSfied os unfeslrlGled funds unless there is a contractU81
reqLtiremenl Iw11 to be spent on 8 particular purpose and returned If unspent, In whkh ￿￿e 51
m8y be regarded as restrided.
income frcln Inveslmenls18 included In the year in which it 1$ ￿￿1Vabl8.
rè81ised cr losses are Tecognl$ed when Investments are 601d.
unrea113ed galn3 or Ios8e8 are a￿OUnted lor on ravalualS¢)n of Investm8nts At 31 December.
R080urce• èxpèndèd
Expènditurè l¥ rgcognlsed on an awruals. ba818 as a Il•LII6ty18 Incurred. Expanditur• Includes 8ny
VAT whlch cannot be hlly r•coveretJ, and 18 cla6Jlfied under he¥dlngs of the 8tatement of
rinAncl818cllvi1188 lo whlch 51 relale$'.
•¥p8ndllure on ral8lng fund8 Inchjdes tho cosis ol 811 fundralslng aGlhllle$, events,
nwharflable Iradlng aclvlti•S. 8nd Ihg ¥alo ol donalad go¢dg.
axpendilure on charitablè aelwitleB Indudes all co81$ InGurreYJ by 8 charity in undertgklng
act1￿11•$ that further Its charitable alm$ lor tho benefit of 513 beneflciarles, Includlng those support
costs and'co818 relating to th• gov•rn8nce ollha charfty apportloned lo ¢har51able activities.
other expendllure Includes all expendllufe Ihal 18 noilher related lo ralslng lunds lor the charlty
ncr part ol Its exp8nd5ture on charitable activltles.
All costs are allocated lo expenditure categorles r8fl•dlng the use of the resource. Direct co818
attrfbutable lo a singl8 8Ctlvlty are allocated th'recuy lo that a¢llvity. Shared costs ara apportiongd
ba￿￿0n the acllvllies Ih¢y ¢ontrlbule lo on a re860nable, lustlfiable and conslstenl basls.
The di￿san 9[￿ cr parbsh share Is accounted lor when payable. Any quota vnpaid al 31
December 16 not provlded lor In Ihgse accounts as It Is an operational Ilhough not a legall
Ilabilty.
T•nglble aMets
Tangible a58ets are In1￿￿11Y racorded al cost, and subsequentty slated al cost lèss any
accumul8t8d depreciation and Impairrnenl losses. Any tangible assets carrigd al rev￿Ued
amcunls are recordad al the fair valu8 at the date Ctf revaluallon less any subsequent
accumul818d depreciation and s￿$equent accumulated Smpairrnent losses.
Con3ecraled and beneficed propety Is excltsded from th8 ￿Count$ by 8.1012lla) ol Ihg Charllles
Ac12011.
No value Is pla￿d on movablè church furnishings held by the churchwardens on 5pecl81 trust for
the PCC and vthich require a faculty lor disposal slncè the PCC conslders Ihls to ba in*ienable
property. All expendllLKe incurred durlng the year on consecrated or benefice buildings and
movable church fumlshlng5, vthelher maIntenaTr￿ or Improv•mènt, is written off as expendllure
In the SOFA and separately dSsGlosed.
12

Workington St Michael Parochial Church Councll
Notes to the Financlal Statements
Year ended 31 December 2023
Accounllng polEcles Icontlnuédj
Deproclatlon
IndivKlual Item5 01 equlpmenl wllh a PUTd)a8e price of £1,000 or less are YThitlen off when the
asset is acquired.
Freehold property
Flxture8 and Ilttlngs
2% slrabghl line
25Yo straight Iln&
Inve$tmont¥
Investrnent8 held as fixed assets are revalued at mid-markel v8lu• at In8 b818nce sheet dale and
th8 galn or loss taken lo ihe statement of fjnandal activile3.
Currenl Asset InveBtmen13 are al the lower of cost and net reallsable value.
Impalrmgnt of flxed aB8et8
A raviaw for 1nd5c81￿3 ol Imp8iment is carded out at each reportlng dale, ￿th Ihe rècoverable
amount belng estlmaled where such Indicators èxlsl. Vvhere tre carrying value exceeds lh&
recovèr8ble 8mounl. the a38et16 Impalred accordlngly. Prtor Impalrments are 8180 revlew8d for
P08slbJe reversal al each r•pothg date.
For th? purposes ¢f Imp8lrment le5bng. wh•n It 18 nol po$8lbl& lo •sllmatè Ihè receverable
arnount ol an Indlvidual asset, erf) esllmale IB made of lh• recoverab￿ amount d the
cas￿eneratIng vnil lo which Ihe a8soI belong¥. The ￿￿h.generatIn9 vnll is the smallest
Identifiable group of a$sg15 Ih?I Indudes the asset and gÉnar8les cash inffow6 th81 largely
IndoFondenl olthe Cash Inflows from olh9r 8869t8 or groups Dfassets.
For Impalrment 16stlng ol goodwlll, the goodwlll aoxjulred In a business combinallon Is, frem th•
OfqUl8ilion date. all0￿(ed lo eath of th• c8sh-9eneratyng unlts that are expected 1¢ benefit from
Iho synvjrgles of the combin8ilon, ki•spectlvg ol whether other as8et8 or Ilabllllies of thè chaftty
are a68igned lo those unli8.
Flnanclal Instrument8
Baylc finanrjal instrurnents ar¢ recognlsed al amcitlsed cost, except for flxed 8ss81 Investments
whlch are measured al falr va5ue.
Defined Conirtbutlon plans
Conlrlbutlons to d•fined eonlribLrtion plans are recognised as an expen3e In the perlod In
the related Servi￿ is provlded. Prepald contrfbutlons are recognlsed as an asset to Ihe extent
Ihat the prapayment wll lead lo a reduction in ILrtur8 payments or a co¥h refund.
When contributions are not expected to bG settled wholly wthin 12 months ol Ihe end of th&
repgrting date in VA￿ch the employees render ihe related sethc•. the liability Is messured a
discounted present value basis. Tho uwMnEling of the discount Is reco9nlsed as an expensa In
the period whl¢h11 arfses.
13

Workington St Michael Parochial Church Council
Notes to the Flnanclal Statements Iwthuedj
Year ended 31 December 2023
DOna￿On$ and legacl¢s
Unrestricted Total Fund8 Unrestrkted Total Fund¥
Fund8
2023
Fund8
2022
Oonatlon
Colledons at all service8
Planned glvlng
T8xtrs recovèrBble
Sundry donatlons
6,828
28,407
6,62e
28,407
8,854
23,685
4.000
8,987
23,885
4,000
8.987
5.2D1
5.201
Legaclos
Legacies
S.￿8
5.648
Grants
Grants reGeivable
2,130
40,384
2.130
61,174
S1,174
Charltabl• actlvlll
Unr88lrfct8d Total Fund$ Unrestrfcled Total Funds
Funds
2023
Fundy
2022
Fees
Magazine donallons and advertl$lng
8.185
830
8,185
830
12,919
12,919
8,816
8,815
13.587
13.587
Other tradlnB a¢Uvltl•8
unres1rt￿fjd Tot41 Fund¥ Unreslrlcled Total Funds
Funds
2023
Funds
2022
Shop income
Church h911 lelbng8
C8t8ring and relre5hmenls Sncome
Feles, bazoar5 arKI uther lund T?151ng
Sundry incorng
1,e02
28,510
1.802
2e,510
263
26,457
895
6,669
317
2e3
25,457
895
8,669
317
9.865
9.665
41,338
41,338
35.601
35,801
14

Workington St Michael Parochial Church Councll
Notes to the Financial Statements (¢¢nUnu¢dJ
Year ended 31 December 2023
InveBtment Income
Unreslrlcted
Funds
Restricted Total Funds
Funds
2023
Dfvldend Income
Bank Interest recelvable
1,971
10,823
1,971
14,572
3,749
12,794
3.749
1e,543
Unre81rfcted
Funds
RestrKled Total Fund5
Funds
2022
Divldend Income
Bank Inleresl recelvable
1.9SO
3,766
5,72S
1,960
4.858
6.818
1,092
1,092
15

Workington St Michael Parochial Church Council
Notes to thp Flnancial Statements (¢onUnue
Year ended 31 December 2023
xpendlture on charitablè actlvltles by fund typ•
Unrestricted
Funds
Restricted Total Funds
F￿d3
2023
Catarin9 suppliès
Wages and salarie5
Organisfs expenses
MSnlstry- parish offer
Ministry- clergy expenses
InsuraTr¢e
Church running'expenses
ch￿ch repalrs rnainlen8nce
ChLwth hall running costs
Diocese lees
Sundry expenses
Depreciation of tangible ftxed a88ets
Missionary and charitable giving
Acrxjuntancy charges
Legal and professional fees
Bank intere51
Telephone aThJ intemet ch8rg8S
Prknlin9 and slalionery
270
12,969
225
38,000
414
7,￿6
12,733
2,799
1.924
3,090
7,769
2,386
100
2.355
1,194
270
12.￿9
225
38,￿0
414
7,858
12,733
16.561
1,924
3.090
7,769
2.386
100
2.355
1.194
13,762
1,523
4.563
1.523
4,563
100.172
13,7&2
113.'934
Unrestricted
Funds
Restricted T¢)tsl Funds
Funds
Catering supplies
Wag8s and s818ries
Org3nisl's expenses
Ministry- parish offér
Ministy- clergy expense5
Insuranc8
Church running expenses
Church repair$ and maintenan
Church hall running costs
Dlocese lees
Sundry expensès
Depreciation of tanglble fixed asset$
Mlssionary and charTtable giving
Accountancy charges
Legal and prolè8slonal fees
Bank interest
Te1ephC￿8 and Intem￿ charge5
Printing and stationery
404
18.755
1,3e3
36.000
1,860
7.188
18.75S
1,363
36.000
1.860
7.188
5,169
9.762
4.568
4.970
5.469
3,691
434
2,210
1,002
9,762
4.588
4,970
5.469
2.871
434
2,210
1,002
1,618
3,356
1.618
1356
107,040
820
107.860
16

Workington St Michael Parochial Church Council
Notes to the Flnancial Statements l¢¢)nOnvedJ
Year ended 31 December 2023
ExpendSture on charllablg aetlvllies by actlvlty type
Activities
dertaken Total funds
dlrecl
2023
Total fuwKI
2022
Church a¢tivilles
113,934
113,934
107.8
10. Nat galnslllossesl on Investment8
Endowment Totsl FurHls Endowment Totsl Funds
Funds
2023
FuThJs
2022
Gainslllossesl on listed investments
200
6,200
18,793)
{8.793)
11. Net expendlturfr
Net expenditure is stated after chargirwl1￿ed1IIng)'.
2023
2022
Depreuation of tangible fixed assets
2,28e
3.890
17

Workington St Michael Parochial Church Council
Notes to the Flnanclal Statements (¢onVnuodJ
Year ended 31 December 2023
12. Independent examlnatlon fe08
2023
2022
F8•s payabl8 to the Ind•pend8nt examiner for..
Independent gxamlnalion ol the financial slalement8
1355
2,210
13. Truste& remuneration and •xpen8es
Dwing the current and previous year no trustee received remuneration frorn Ihe PCC.
14. Tan9lbl•.flx•d as$ot8
Freehold Flxtures and
property
fitbngg
Total
Cost
Al 1 January 2023
Additlons
75,000
24.413
SC
99,413
504
At 31 Oecember 2023
24.917
99.917
Depreclatlon
Al 1 January 2023
Charge lor th& yoar
At 31 Doe•mbgr 2023
39,QOO
1.500
22,618
81,618
2,386
40,500
23,504
Carrylng #mount
At 31 December 2023
34,500
36,OCQ
1,413
1,795
35,913
37,795
At 31 OeGarnbeT 2022
15. Flx•d •08•t InV￿lmOnt8
Llsted
Inv98tments
Valuatlon.
At 1 January 2023
Addltlons
Falr valua movements
65,905
6.200
72,105
At 31 Decembor 2D23
Carrylng amount
At 31 Decgmber 2023
72.105
85.90S
Al 31 Decefflber 2022
Al Invesknents shovm above are held gt valuatlon.
18

Workington St Michael Parochlal Church Council
Notes to the Financial Statements
Year ended 31 Dacember 2023
15. Flxod a$$et 5nve8tmentS IconthuEdJ
FlnancSal a¥sets held at lalr value
The historlcal cost of fixed assèt" Snv•stm8nts At 31 December 2023 was £36,500 12022..
£36.500).
All fjxed aBset Investments are held wlthln the Llnlled Klngdorn.
The above investments conslsled of 3,189.76 ￿n￿me shares in the CBF Church of England
Investrnenl Fund. The share. voluollon at 31 December 2023 w88 22eo.53p per 8h>re12022 -
2066.14pl.
16. OebtorB
2023
2022
Trad& debtor8
Prepayrnents and accrutd IKom•
Other dgbtor8
1,421
3,652
17,183
22,156
1,864
480
17,183
19,627
17. 8hort tomi d•poslts
2023
2022
Short-lerm deposits brought I0￿4rd
Short-lerm deposits addillon8
8hort-t•rrn d8poslls disposals
359,959
13.501
20,0001
353.460
367.967
12.460
120,4681
359,959
Short-lerm dep¢$lts comprl$e short-lerrn depo$lts in the CBF ChLwch of Enland Depo911 Fund or
al the bank.
18. Crodltors.. Jmount8 falllng due 7ththln one y•ar
2023
2tr22
Trade ciedStors
Accrvels and defgrred income
Soclal security and other taxeB
Other creditors
4.839
2.828
207
3.252
471
7,665
4,214
19. Penslons and other poBtvretlTgmont benefits
Defined ¢ontrtbullon plan¥
Thg arno￿)1 re¢L)gr￿Se￿ In Income or expenditure as an axp8nso In relatEon to deflned
contribution plans was £27612022.. £36fjI.
19

Workington St Michael Parochial Church Council
Notes to the F5nanclal Staternents (¢M¥nu
Year ended 31 December 2023
20. Analysls of charltablè funds
Unrestrlcted funds
At31
Gains and December
Ipssgs
2023
January
2W23
Income Expgndilur
Tr4nsfvrs
GBngral funds
A Hogarth knd
G E Jones fund
Deslgnaled
mission fund
267,295
1.000
28,542
102,397 11CQ,1721
572
11,0001
I29,￿6)
270.092
914
34.183
34,183
296.837
103,311
11Q),172)
4,299
304.275
A131
Gains and December
lossès
January
2022
IncttmÈ Expenditure
Transfèrs
Gener31 funds
A Hogmrth fvnd
G E Jones fijnd
Dèsignatèd
rni￿ron fund
268,618
1.000
28.171
105,717
1107,040)
267,295
1.000
28.542
371
297.789
108.Ct88 1107.0401
296.837
General funds represent Ihe funds of the PCC thal are not subject to any restrictions regarding
their use and are available foT application on the general purpose5 of the PGC. FundB destgnated
for 8 parbcular purpos& by th8 PCC are also unrestrided.
Thè PCC ogre8d in Novembèr 2023 to eonsolidat• its r&s8rvas and funds vthlch has MSLlt•d In
various Iransfers in the year as summarised below.
Transferred into General unrestricted fuThJs frorn restricted funds was £572 which c￿m￿lSed ot
80me small historic restricted fu￿ balance5 NS Bowe8 £55, TW Jacks¢m £468 arKI Youth
grouplp8rish ouungs £491.
Th8 A Hc4arth Fund of £1.0￿ and G E Jones Fund of £29.456 were Iransferred Into tha
desi9naled mlssion ￿nd. along with £3.727 transferred from,￿'Sce11ane0uS. restricted funds.
20

Workington St Michael Parochial Church Council
Notes to the Flnanclal Statements (conttnuodj
Year ended 31 December 2023
20. Analysls of ¢harliabl* funds f¢¢n¥nupol)
R95trl¢tgd fund¥
At31
Galns and De¢vmbgr
losses
2023
January
Income Expenditure
Transfws
Mls¢ellaneous
Restricted F￿d8
Fgbrjc fund
33.622
30.881
64.503
1,065
2.fj84
3.749
134,6871
30,388
14.2991
113.7W21
{13.7&21
$0,191
50.191
A131
GBin$ and DÉ¢èmber
losses.
2￿22
January
2022
Incorne Expendilwe
Transfers
MIs￿lIan•DuS
Restrlcled Funds
Fabric fund
33,398
30,833
64.231
424
668
(200)
1620)
18201
33,622
30,881
64.503
1,092
Rostricted ILmds are those tsnd$ whlch must be spent C￿ restricted purposes in accordan￿ with
the donors. wshe
The faL4lc fvnd represents monles ralsed for the maryrtenance upkeep of the Chwch
building.
The PCC agreed in November 2tr23 to consolidaie 118 re8eNes and fund8 w￿ch has ￿sU[ted in
variou5 Iransfgrs In the year as summarlsed below.
Miscellaneous reslrictgd fvnds largely rnade up uf dlfferent donations re￿1ve{l in th¢ past for
the maintenance ol the Church building such as Ihe John Clark Sleè mÈinten8neè lund1£11,0901
G E Jones1£2.0611 rw (£4.2301, Cowan {£8.0511 and Murphy1£4,'6691 as well as a
Small balance held in a CBF Church Hall account. These have all been transfe￿ed inlo Ihe
Fabric Fund. The remaining £4,299 pr?viously held in Thi￿¢11¥1￿9us re5tsickd funds been,
Iransfeffed Into unrestricted funds as thsdosed above.
Z1

Workington St Michael Parochial Church Councll
Notes to the Flnanclal Ststements l¢onttnuo0
Year ended 31 Deeember 2023
20. Anatysls of ¢haritsble funds l¢onUntyed)
Endowment funds
At31
Gain5 and De¢&mber
losses
2023
January
2023
Income Expenditure
Transfers
E15ie Shaw
Bequest
MA & N Hogarth
Mlss V S Boweg
Revd. T W
J8cksun
75.132
63,292
447
3,398
2,802
76.530
e6.094
447
6.939
14SO10
6.939
152.010
6,200
A11
January
2022
At31
Gains and D￿0mber
1058es
2022
Income ExpeNliture
Transfers
Elsie Shaw
Bequest
MA & N Hogarth
ss V S Bowes
Revd. T W
Jackson
14,8181
13,975)
75,132
63.292
447
67,267
447
6,939
154.$03
6,939
145,810
8.7931
The Elsle Shaw bequest and the MA & N Hogarth permanent Il￿d are pemianenl endovm)ents
bul the incom¢ Can bo used lor general church purposes Bnd Is Iherefoie unrestricle(L
The V S Bow&s fund Is restr*ted to U38 for the parfsh h811.
The T W Jackson fund Is roslri¢ted to Use ftr Ihe church fabr
22

Worklngton St Mlchael Parochlal Church Council
Notes to the Flnanclal Statements f¢on*nued)
Year ended 31 December 2023
21. Analy918 of ngt •$8?tB b8tr4e?n lund8
Unre$lrlGted R&stricted Endowment Tolal Funds
Funds
Funds
Fund¥
2023
ranglblè Ir%ed assets
Investments
Currant assets
'Credilors less than 1 year
Net assets
35.913
35,913
72,105
406,123
17,665
5Cé,476
72,105
79,90S
276.027
17,6661
304,276
50,191
50,191
Vnreslrfcted Restricted EndovKnenl Total Funds
Funds
Funds
Fynds
2022
Tanglble fixed a68et6
Investrnenls
Currenl assets
Creditors le58 than 1 year
Not as80ts
37,795
37.795
85,905
407.664
14.2141
507,150
S,9)5
79.gJ5
263,266
{4,214)
296.837
e4,503
64,503
145,810
22. Rolotèd part1••
PCC r￿1Ved donat10￿ In th8 ye•r from trustees 01£9,38012022- £8,620).
23