**Parochial Church Council of Christ Church, Fulwood**
**Members Report and Financial Statements**
**For the Year Ended 31 December 2023**
## **Parochial Church Council of Christ Church, Fulwood**
## **Contents of the Financial Statements For the Year Ended 31 December 2023**
|Reference and Administration Details
Report of the members
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes|**Page**|
|---|---|
||1
2 - 5
6
7
8
9 - 13|
## **Parochial Church Council of Christ Church, Fulwood**
## **Reference and Administrative Details For the Year Ended 31 December 2023**
**Full Name:** Parochial Church Council of Christ Church, Fulwood **Address:** Christ Church Victoria Road Fulwood Preston PR2 8NE
**Members:** Rev.Chris Boland Incumbent & Chairman Mandy Stanton Vision Champion, Licence Lay Minister and Deanery Synod rep Bob Cuthbertson PCC Vice Chair & Churchwarden Peter Moore Churchwarden Sue Wright PCC Secretary Abigail Ainsworth Musical Director Steve Hedley Deanery Synod Rep & Quinquennial Plan Lead Julia Laing Recorder Chris Kerry Treasurer Margaret Brown Assistant Treasurer Ken Curphey Deanery Synod rep, Magazine editor & Parish Data Officer Linda Koziarska Junior Church, Children & Young People's Champion Ann Porter Junior Church, Children & Young People's Champion Sue Walsh Sam George Santosh Chacko Vanessa Davies
All served as members for whole or part to 31st December 2023 as described above.
**Secretary:** Sue Wright **Independent Examiner:** Mr JFD McMillan FCA McMillan & Co LLP 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley, PR7 7NA **Bankers:** The Royal Bank of Scotland Drummond House Branch Redhaughs Avenue Edinburgh EH12 9JN **Charity Registration:** 1131890
Page 1
## **Parochial Church Council of Christ Church, Fulwood**
## **Report of the Members For the Year Ended 31 December 2023**
The Members present their annual report and financial statements for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the PCC trust deed, the Charities Act 2011, and SORP (FRS 102): The Statement of Recommended Practice - Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) which was published on 16 July 2014.
## **Structure, Governance and Management**
## **Appointment of members**
The PCC members are listed on page 1. New PCC members are appointed by the PCC for the time being, who shall pass a resolution nominating the appropriate person to be a new PCC member and the term during which he shall hold such office. The appointment is completed by the nominated person accepting the PCC membership either verbally at the PCC meeting or in writing, all to be recorded in the minute book of the PCC. The number of elected PCC members may not be more than sixteen and normally serve a three year term. PCC members may resign at any time either in writing or verbally at a PCC meeting.
PCC members receiving remuneration or reimbursement of expenses are as disclosed in note 4.
## **Organisation**
The PCC consists of a Standing Committee, together with a series of sub-committees including Mission and Worship, Finance, Church Building including Gardens, Stewardship, Hall Operation and Fundraising and Social. The PCC meets six times a year.
Between these meetings business is transacted by the Finance and Standing Committees.
At the last Annual Parochial Church Meeting (APCM) held on 15th May 2023, the electoral roll stood at 181 members (2022: 185 Members).
## **Risk policy**
The PCC members have examined the major strategic, business and operational risks which it faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
## **Objectives and activities**
The main purpose of the PCC, as defined in the Parochial Church Councils (Powers) Measure 1956, is ''to cooperate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecunemical''.
There have been no material changes in these policies during the year.
The PCC has been satisfied during the year to maintain its position.
## **Public Benefit**
The PCC is a public benefit entity and, as such, PCC members have had regard to the guidance issued by the Chairty Commission on public benefit.
## **Achievements and performance**
2023 was a time to hit reset following the upheavals around Covid and all that followed. Following a church questionnaire PCC had an away day in June that distilled the responses and looked at where God is calling us. We discerned 4 values or priorities which will be our emphasis in what we do moving forward. Some of these we already do well and some need more attention, but that priorities will shape our decision making and the way we do things. They are:
**Worship** – High quality and drawing on the best of both our traditions and modern styles.
**Pastoral Care** – Making sure we care for one another in the big and small things, and deepening our care so that it is seen in the informal and formal activities.
**Outreach** – Reaching out with God’s love to those beyond our church walls, showing it in practical ways and telling people of who God is and inviting them to discover more themselves.
Page 2
## **Parochial Church Council of Christ Church, Fulwood**
## **Report of the Members (Continued) For the Year Ended 31 December 2023**
**All Age** – Making sure we have a balance in what we do and reach people of all ages. That All are made welcome and know there is a place for them at Christ Church.
I invite us all to continue to reflect on these values and see them reflected in our life together as Christ Church, and our individual lives.
God bless, Chris.
## **Worship and prayer**
The values and priorities outlined above place Quality Worship at the heart of what we do. With this in mind we have changed the way we pick music, with Mandy, Chris and Abi working more together and to draw on our different experiences and knowledge. This seems to be working well and gives us a good foundation.
We are also getting good use out of the screen on Sunday mornings and benefit from the flexibility it gives us.
Despite things settling down after Covid we continue to put our services onto YouTube and there is a fluctuating number of people watching, from a low of 2 to over 30 some weeks. The average was around 24.
We reported an average weekly attendance of 58 adults and 12 children for normal services, 85 people in services for Easter and 124 for Christmas in 2023. This represents a modest decrease on Christmas and Easter but fairly static on weekly attendance. This followed a modest growth in weekly attendance in 2022 and unusually high attendance at Easter and Christmas. On the whole I think this is good news, but we do need to look at how we can continue to grow.
## **Financial review**
A year of relative stability in Parish finances with a further modest improvement in reserves. That said the ongoing challenge to meet all of our obligations on a year in, year out basis remains.
Readers of The Statement of Financial Activity to December 2023 should note that what appears to be a significant increase in Incoming Resources (p7) is in reality made up of (unrestricted) Parishioner donations toward the ‘North Porch Dry Rot’ expenditure incurred during the year. Adjusting for this, ongoing Unrestricted income and expenditure were more or less in line with 2022 figures. Unrestricted funds represented by cash at the bank increased by £6,333 to £41,920.
Pleasing to see ‘Church Hall lettings’ revenue (p11, note 2c) were some 15% up on 2022 and 30% up on preCovid levels – grateful thanks to our hard working and long serving Hall Management Team for their ongoing and pragmatic diligence.
As has been the case since 2020 we have, with prior agreement from the Diocesan Board of Finance again underpaid our Parish Share in 2023. This underpayment now totals c£53,000 and has effectively facilitated the rebuilding of reserves referenced earlier. The expectation for the 2024 Financial Year is that we will meet our Parish Share payment of c£63,000 in full. We enjoy transparent relations with the DBoF and are grateful for the ongoing support.
Energy costs have risen dramatically however the worst effects were avoided by our having had fixed prices in place before the causes of the price increases impacted markets. These contracts matured and have since been renewed during the last year at rates considerably below the ‘market peak’ and provide certainty of costs going forward.
Parishioner planned giving remains our most significant income line which, together with other forms of given and fund raising facilitates our continued Mission at Christ Church, Fulwood – grateful thanks to Parishioners and visitors for their continued generosity.
Page 3
## **Parochial Church Council of Christ Church, Fulwood**
## **Report of the Members (Continued) For the Year Ended 31 December 2023**
Total Revenue at £109,069 is up on 2022 (£91,671). Total expenditure of £94,613 is up on 2022 (£80,201). The main factor influencing expenditure variance is the amount of Parish Share paid.
Having underpaid (by agreement) our Parish Share by £13,000 we achieved a surplus for 2023 of £14,456. This is reflected in our Reserves which stand at:
|**·**|Unrestricted Reserves|£49,829|
|---|---|---|
|**·**|Restricted Reserves:||
|**·**|East Window|£15,000|
|**·**|Quinquennial & Building related|£1,710|
|**·**|New Elctric Organ|£800|
## **Reserves policy**
The restricted fund comprises collections specifically made for charities supported by the PCC. Also, funds donated specifically for appeals are treated as restricted.
The PCC holds cash at bank and in hand of £59,430 (2022: £53,127).
The accounts for the year show a surplus of £14,456 (2022: £11,470). Total funds now amount to £67,339 (2022: £52,883).
Page 4
## **Parochial Church Council of Christ Church, Fulwood**
## **Report of the Members (Continued) For the Year Ended 31 December 2023**
## **Accounting and reporting responsibilities**
Charity law requires the members to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and its financial position at the end of that year. In preparing those financial statements the members are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in existence.
The members are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Auditors and Independent Examiner**
Advantage has been taken of the provisions in the Charities Act not to appoint an auditor. Mr JFD McMillan has been appointed to examine the accounts in accordance with the relevant legislation and related regulations.
Approved by the members on 22 April 2024.
……………………………….
Rev Chris Boland Chairman
Page 5
## **Independent Examiner's Report to the Members of the**
## **Parochial Church Council of Christ Church, Fulwood For the Year Ended 31 December 2023**
I report to the members on my examination of the accounts of the Parochial Church Council of Christ Church, Fulwood.
## **Responsibilities and basis of report**
As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act') and the Church Accounting Regulations 2006.
I report in respect of my examination of the PCC's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent Examiner's Statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
……………………………….
JFD McMillan FCA McMillan & Co LLP Chartered Accountants 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR7 7NA
22 April 2024
Page 6
## **Parochial Church Council of Christ Church, Fulwood**
## **Statement of Financial Activity For the Year Ended 31 December 2023**
|**Note**
**Incoming resources**
Incoming resources from donors
**2a**
Other Voluntary incoming resources
**2b**
Incoming resources from operating activities
- to further the council's objectives
**2c**
- to generate funds
**2d**
Income from Investments
**2e**
Other Incoming resources
**2f**
**Total incoming resources**
**Resources expended**
Costs of generating funds
**3a**
Grants
**3b**
Activities directly relating to the work
**3c**
of the church
Church management and Administration
**3d**
**Total resources expended**
**Net Income/Expenditure**
Transfers between funds
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|**Note**
**Incoming resources**
Incoming resources from donors
**2a**
Other Voluntary incoming resources
**2b**
Incoming resources from operating activities
- to further the council's objectives
**2c**
- to generate funds
**2d**
Income from Investments
**2e**
Other Incoming resources
**2f**
**Total incoming resources**
**Resources expended**
Costs of generating funds
**3a**
Grants
**3b**
Activities directly relating to the work
**3c**
of the church
Church management and Administration
**3d**
**Total resources expended**
**Net Income/Expenditure**
Transfers between funds
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|**Unrestr-**
**icted**
**Funds**
**£**
82,372
2,443
19,720
3,011
723
-
**108,269**
805
2,805
89,233
940
**93,783**
14,486
-
**14,486**
35,343
**49,829**||**Desig-**
**nated**
**Funds**
**£**
-
-
-
-
-
-
**-**
-
-
-
-
**-**
-
-
-
-
**-**||**Restri-**
**cted**
**Funds**
**£**
-
800
-
-
-
-
**800**
-
-
830
-
**830**
(30)
-
**(30)**
17,540
**17,510**||**TOTAL**
**FUNDS**
**2023**
**£**
82,372
3,243
19,720
3,011
723
-
**109,069**
805
2,805
90,063
940
**94,613**
14,456
-
**14,456**
52,883
**67,339**|**2022**
**£**
66,366
3,562
17,387
4,230
126
-|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
||||||||||**91,671**|
||||||||||960
556
77,885
800|
||||||||||**80,201**|
||||||||||11,470
-|
||||||||||**11,470**
41,413|
||||||||||**52,883**|
The notes on pages 9 to 13 form part of these accounts
Page 7
## **Parochial Church Council of Christ Church, Fulwood**
## **Balance Sheet at 31 December 2023**
|**Current Assets**
Debtors
Short Term Deposits
Cash at Bank and in Hand
**Creditors**
**Amounts falling due within one year**
**Net current assets**
**Net assets**
**Represented By:**
**Capital funds**
Unrestricted
Restricted
**Total funds**|**Notes**
**6**
**7**
**5**|**2023**
**£**
9,060
249
59,430
68,739
(1,400)
67,339
**67,339**
49,829
17,510
**67,339**|**2022**
**£**
9,060
241
53,127|
|---|---|---|---|
||||62,428|
||||(9,545)|
||||52,883|
||||**52,883**|
||||35,343
17,540|
||||**52,883**|
The financial statements were approved by the PCC on 22 April 2024 and signed on their behalf by:
……………………………….
Rev. Chris Boland Chairman
The notes on pages 9 to 13 form part of these accounts
Page 8
## **Parochial Church Council of Christ Church, Fulwood**
## **Notes to the Financial Statements**
## **For the Year Ended 31 December 2023**
## **1 Accounting Policies**
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities Statement of Recommended Practice (SORP) 2005. They have been prepared on an accruals basis.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor do they include groups that are informal gatherings of church members.
The presentational currency of the financial statements is the Pound Sterling (£).
The amounts in the financial statements have been rounded to the nearest £1.
## **1.1 Funds**
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application to the general purposes of the PCC.
Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in note 8.
## **1.2 Incoming resources**
## **Voluntary income and capital sources**
Offerings and collections are recognized when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognized only when received. Tax recoverable on Gift Aid donations is recognised when the donation is recognised.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Funds raised by the fete, garden party and similar events are accounted for gross. Sales of books and magazines from the church bookstall are accounted for gross.
## **Other income**
Rental income from the letting of church premises is recognized when the rental is received.
## **1.3 Resources used**
## **Grants**
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC.
## **Activities directly relating to the work of the Church**
The Diocesan Parish Share is accounted for when due. Any parish share unpaid at 31 December is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.
Other expenditure is recognised when it is incurred and includes where applicable irrecoverable VAT.
Page 9
## **Parochial Church Council of Christ Church, Fulwood**
## **Notes to the Financial Statements (continued) For the Year Ended 31 December 2023**
## **1.4 Fixed assets**
## **Consecrated property and movable church furnishings**
Consecrated and beneficed property of any kind is excluded from the financial statements by s.96(2)(a) of the Charities Act 1993.
Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as inalienable property unless consecrated. They are listed in the Church's inventory, which can be inspected (at any reasonable time).
All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of movable church furnishings is written off.
## **Other Property, fixtures, fittings and office equipment**
Individual items of equipment with a purchase price of £2,000 or less are writen off when the asset is acquired.
## **Current assets**
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.
Page 10
## **Parochial Church Council of Christ Church, Fulwood**
## **Notes to the Financial Statements (continued) For the Year Ended 31 December 2023**
## **2 Incoming Resources**
|**2a**
**Incoming Resources from Donors**
Planned Giving
Gift Aid Donations
Income tax Recoverable
Other Planned Giving
Collections (open plate)
Gift Days
Sundry Donations
**2b**
**Other Voluntary Income Resources**
Donations, Appeals etc
Grants
Legacies
**2c**
**Income from Operating Activities**
**to further the Council's Objectives**
Bookstall
Church Hall lettings etc
Use of Church facilities
Fees
**2d**
**Income from Operating Activities**
**to Generate Funds**
Magazines
Fetes, bazaars, other fund raising events
**2e**
**Income from Investments**
Dividends & Interest
Rents
**2f**
**Other Incoming Resources**
Compensation
Insurance claim
**Total incoming resources**||**Unrestr-**
**icted**
**Funds**
**£**
47,981
14,092
-
5,247
-
15,052
82,372
2,443
-
-
2,443
47
18,159
-
1,514
19,720
-
3,011
3,011
723
-
723
-
-
-
**108,269**||**Desig-**
**nated**
**Funds**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**||**Restr-**
**icted**
**Funds**
**£**
-
-
-
-
-
-
-
700
100
-
800
-
-
-
-
-
-
-
-
-
-
-
-
-||**TOTAL**
**FUNDS**
**2023**
**£**
47,981
14,092
-
5,247
-
15,052
82,372
3,143
100
-
3,243
47
18,159
-
1,514
19,720
-
3,011
3,011
723
-
723
-
-
-
**109,069**|**2022**
**£**
47,551
11,438
-
5,593
-
1,784|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
||||||||||66,366
2,562
-
1,000|
||||||||||3,562
15
15,468
-
1,904|
||||||||||17,387
355
3,875|
||||||||||4,230
126
-|
||||||||||126
-
-|
|||||||-
**800**|||-|
||||||||||**91,671**|
Page 11
## **Parochial Church Council of Christ Church, Fulwood**
## **Notes to the Financial Statements (continued) For the Year Ended 31 December 2023**
## **3 Resources expended**
|**_3a Costs of Generating Funds_**
Costs of stewardship campaign
Fetes, Bazaars, other fund raising events
**_3b Grants_**
Missionary & Charitable Giving
Church Overseas
Missionary Societies
Relief & Development Agencies
Home Missions and other Church Societies
**_3c Activities directly relating to the work of the_**
Ministry
diocesan parish share
clergy expenses
vicarage/curate house costs
other clergy costs
Church Running Expenses
Church Maintenance
Upkeep of Services
Sunday School leaders training & resources
Parish Magazine and Bookstall
Upkeep of churchyard
Church Hall Running Costs
Major Repairs to Church
Major Repairs to Church Hall
Salary of non-Clerical staff
**_3d Church Management and Administration_**
Administration
Governance Cost - Independent Examiner
**TOTAL RESOURCES EXPENDED**||**Unrestr-**
**icted**
**Funds**
**£**
805
-
805
-
-
-
2,805
2,805
**_Church_**
50,000
2,089
2,832
181
9,801
2,745
4,217
363
-
-
9,746
5,699
-
1,560
89,233
-
940
940
93,783||**Desig-**
**nated**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-||**Restri-**
**cted**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
830
-
-
-
-
-
-
-
-
830
-
-
-
830||**TOTAL**
**FUNDS**
**2023**
**£**
805
-
805
-
-
-
2,805
2,805
50,000
2,089
2,832
181
9,801
3,575
4,217
363
-
-
9,746
5,699
-
1,560
90,063
-
940
940
94,613|**2022**
**£**
960
-|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
||||||||||960
-
-
-
556|
||||||||||556
36,385
1,472
3,375
535
7,126
3,344
3,875
-
-
-
7,091
11,293
1,635
1,754|
||||||||||77,885
-
800|
||||||||||800|
||||||||||80,201|
Page 12
## **Parochial Church Council of Christ Church, Fulwood**
## **Notes to the Financial Statements (continued)**
## **For the Year Ended 31 December 2023**
## **4 Staff costs**
## **Salaries & Fees**
The Vicar and the Curate are not included in these staff costs because they are paid stipends by the Diocese through the Clergy Payroll Scheme operated by the Church of England. This also makes provision for their pensions. The Parish Share we are asked to pay by the Diocese covers all these costs.
## **Transactions involving Members of the PCC**
Expenses of £2,089 (2022: £1,472) and £nil (2022: £535) were paid to the Vicar Rev C Boland and to Rev L McLean respectively both inter alia ex officio members of the PCC.
In addition, certain housing costs totalling £2,832 (2022: £3,375) were paid as is customary.
Honoraria total of £1,580 (2022: £1,845) was paid to our Organist who is a member of the PCC.
There were no other disclosable transactions in respect of PCC members, persons closely connected with them or other related parties.
|**Unrestr-**
**icted**
**Funds**
**£**
**5**
**Analysis of net assets by fund**
Current Assets
51,199
Current Liabilities
(1,400)
31 December 2023
49,799
**6**
**Debtors**
Income Tax Recoverable
Debtors
Prepayments
**7**
**Creditors: Amounts falling due within one year**
Accruals of Utility and other Costs||**Desig-**
**nated**
**Funds**
-
-
-||**Restri-**
**cted**
**Funds**
**£**
17,540
-
17,540
**2023**
**£**
9,060
-
-
9,060
**2023**
**£**
1,400||**Total**
**Funds**
**£**
68,739
(1,400)|
|---|---|---|---|---|---|---|
|||||||67,339|
|||||||**2022**
**£**
9,060
-
-|
|||||||9,060|
|||||||**2022**
**£**
9,545|
## **8 Fund details**
The restricted fund comprises and collections specifically made for charities. Grants and donations made for specific projects are also treated as restricted. the make up of the restricted fund as at 31/12/23 was:
|East Window and wall
Quinquennial/150/building/urgent building
New Electric Organ
**Total**|£15,000
£1,710
£800|
|---|---|
||**£17,510**|
The Designated fund comprises the balance of funds raised to enhance the Church.
Page 13