REGISTERED CHAKITY NUMBER: I131959 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATII MENTS FOR TUE YEAR ENDED 31 DECELWIBER 2024 FOR TllE PAROCHIAL CHURCH COUNCIL OF THE I CCLESL4STICAL PARISH OF ST STEPHEN ON THE CLIFFS, BLACKPOOL Jones Harris Limited 17 St Peters Place Fleetwood Lancashire FY7 6EB
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESLISTICAL PAIUSH OF ST STEPHEN ON THE CLIFFS, BLACKPOOL coYrENTS OF THE FINANCL4L STATELWIENTS for the yeydr ended 31 December 2024 Page Report of the Trustees Independellt Exathiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8 to 15 Detailed St4tetuent of FinaneiAI ActiTrities 16 to 17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARtSH OF ST STEPIIEN ON THE CLIfi FS, BLACKPOOL REPORT OF TIIE TRUSTEES for the year ended 31 December 2024 The trustees prent their repoit with the financial statements 0£ the charity for the year ended 31 December 2024. The truste&% have adopted the provisions of Accounting and Reporting by Charities.. Statetnenl of Reeommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slalidard p[icabLe in the UK and Republic of Ireland (FRS 102) (¢flective l January 2019). OB)ECTIVES AND ACTIVITIES Objectives and aijns The Parochial Churcb Council Df the Ecclesiastical Parisli of St Stephen on the Cliffs (PCQ has the responsibilLty of Covoperdting with the incLLmbent in promoting the whole missiott of tkne Church, spiritual, liturgical, pastoral evangelistic, social and ecumeuical. It also has the mainlettan¢¢ responsibilities for the Parish Church complex of Sl Stephen on tl Cliffs, Holmfield Road and the Church hails located on Sl Stephens Avenue, Blackpool, The objective of the PCC is to promote and tllaillt&in the Eloly Catliolic Faith through our Dwn example of Worship? Spiritual life alid serviee. To this eiid Ibe PCC will-. Strive to maintain tbe richness of TraditÉonal Arnglowcaiholic Wotship. Endeavour lo encourage and foster both newcome lo tlie faith and our f¢lLow c&[SI1anS through private Devotion and ConJmon Prayer and Spiritual Refreshment for all. Seek lo maintain an oasis of Prayer and Spiritual Refreshment for all. B¢ con]mitted to Ilie creation of a welcotning and serving community througb Ibe care of both young and old in the Blackpool area. Seek to make Ibe good News of airist known through Word and Sacra¢1 through joyful f¢llowsbip and loving servic¢. Along with oiheL Churches in tlie Dio¢¢se the PCC is part of a 10-year Mission RefDnnalion plan wliicli involves Ibe Parish being challengcd to produce a practical strdlegy to feed into th¢ overall Mission entitled, 'klealtby Churches Transforining Conununiti¢s'. The PCC seek lo do all of this lllld Ili¢ guidance of the Holy Spirit and through th¢ saving grace of our Risen SavioLir Jesus Christ. Publfic benefit The charity Trustees have complied willi their dllty to have regard to the guid&nce on public b¢nefLt published by the Charities Commission iii exei'cising their powers oi. duties. The Parisb C¢ntre hallg are available to all in the con]nunity reoliiring a suitabl¢ venue. St Stephells no longer has any sclioo15 WitELin the parism but we have however, forged a good ongoing ielalionsliip witb a neai'by acadeny and nursery, R¢cently a new Toddl¢i's Group has been started on a moiitlily basis. The Cliui'¢b has ¢onlinLi¢d its associalioii with the looal ¢are liones, visiti two in the locality on¢tt a monl'li for a short s¢rvice with hymrLS, and we are delighted that the residents aLid car¢i's often visit during the week for prayer and meditation and jLUSt for a calm and pe£u1 environmeiit. Th¢y also at'tend the monthly tea and chat meetiiigs wliich have gone from strength lo strength. This last winter we have started a "waLTh space programme supported by Blackpool Borough Council, on Friday &fteinoons including a Film Club and Recorded Music Society, All ar¢ welcome and fl'ee refr¢slitncnts are provided, The Parisli ha115 are regLilarly used as & venue for the local flats lo hold Iheu manageEnent meetings. The Civic Trust and Sl. Stepliens ltsve InLilual eMberS aiid th¢ Civic Trust attend social occasions at Sl. Stephens. Page I
THE PAROCHL4L CHURCH COUNCIL OF THE ECcLESIASTIcL PARISH OF ST STEPHEN ON THE CLIFFS, BLACKPOOL REPORT OF THEI TRUSTEES for the year ended 31 December 2024 ACHIEVEMETr4T AND PERFORMANCE The PCC sat for five occasions during the year with all ava'age attendan¢¢ of 85 0/0, Th¢ flilIce and standing committee have continued to Liieet r¢gularly throughout th¢ year and have been given authority lo act oil th¢ PCC'S behalf on tnatters of maintenance and finance. The PCC expenses account has paid the majority of repair5 and nminlenance cos15 for the year. Thes¢ r¢pairs have included patch pointing, healing repairs and g¢neral service and mailllenance ¢he¢ks. All efforts have been thade to k¢¢p speiiding to a minimum considering the llced for large are of pointing oflhe Narthex and west side of the Church, Despite considerable fmancial drain for a new roof on the Church and large hall, the TNstee8 have attempted to pay as much as possible towards the Parish sha Less LICF of £ 41,365, Therefore £23,733 was paid in 2024. The Church has continued to support charities throligh MissioLI outreach including Bloemfontttin. The Parish halls conlinlle lo be Lised by a number of long terni regular groups inclLiding Karate, Tea DELnce and Scouts. Additional groups include local Rcsidents Associations, Brass Band Reh¢&Trals. There is increasing deinaiid for Lise of IK¢ halls for short terr(L Llse. FINANCL4L REI VIEW Financial position A summary OF our income and expenditure shows &1 income of £219,163 (2023: £228,681) of whi¢h £191,974 (2023. £192,748) was fro donations md lega¢i¢s. The lolal atnount of funds the charity holds at the end of the reporting period is £62,369. The Ck]urch hold8 cash at the bank of £68,776 (2023., £43,517) and £599 {2023; £5691 deposited with the Central Board of Finance Chur¢li of EJglalld Funds. The fixed assets shown on the balattce sheet show a fi¥ure of £l7,243 (2023: 18,049). Reserves pollcy i aceordance with the guidelines issued by the Clwity Commission the level of res¢rves is considered ld reviewed at regular intevrnls by th¢ Trustees. It is th¢ policy of the ChaLity to always keep a bank balance of rLO less than £6,000. The TLUSte¢s consider that these rescrves will ensure that should there be a dLDP in fundiiig they will be able lo continue tlie Charities curr¢iit aGIivLtL¢S and meet the Parisli Share contribution wliilst Conside1'10ll is given to ways in whÈch addition funds may be rdised. FUTURE PLANS As WayS, Ibe last year has brought ils own Gknallenges. The Tnstees would like lo thank Fr. Andrew Teather for the immense of work he lias und¢rtak¢ll during the last year especiaLLy during the last parl of 2024 and the beginning of 2025. Social events have conlinucd to grow dw'ing the year with regular well SLiPPOrted events h¢ld OLI a nonthty basi5. These events always att'i'act & nuniber of ncw people into our buildings and worship. As soon as possible we intend to Gonmicn¢e repointing of Nartbex and west side of the CLiurch which has Suffered seveLely ov¢r th¢ years, at a projected cost of at least £85,000, for which grant applicatiolls al'e being inade, The Church is fortunate lo continue the association wilh a professional £Lanl ftllidlSer, and we are imtnen8¢ly grate1 lo Denise Bernard for her expertise in tliis area. STRUCTURE, GOVEI RYJ ANCE AND MANAGENIENT Governing document The PCC is an uiiincorporated asso¢iation alld registered as a charily on l October 2009. It is governed by the Parochial Cliiirch Councd Powers Measure (1956) as amended and chui'ch repr&senlation rules, Page 2
THE PAROClllAL CHURCH COUNCIL OF TUE I CCLESIASTICAL PARISH OF ST STEPHEN ON THE CLIFFS, BLACKPOOL REPORT OF THE TRUSTEES for the year ended 31 D¢¢ember 2024 STRUCTURK, GoVERNNCE AND TrL4NACEIENT Charity eon5titiilion The charity constitutes a public benefLt entity as defined by FRS 102, OrgAnisatlonAI structure Thilst the PCC has overall responsibility, the finance and standing c4)mmittee have been given autliorily to oversee rtLainlenance and finance on a day to day basis. The finance and standing committe continuc lo meet regularly enabling the [lleMbe lo continually reassess the financial position of the Church. The end of year tnembership for the eleeloral roll stands at 86 and the average Sunday corntnunicant figure counted during Ike four Sundays in October was 53 adults. For thi.s year we are in the process of undertaklng an obligatory sexennial review of the Ele¢loial ROIL and the membership thLlS fai. stands at 66 bul should increas¢. Having lost tnembers during the panden]ic and oiber causes of deatEt, we are pleased St. Stephens can still attra¢t new tnembers whose names are on the roll. Risk mallagement The PCC mernbers bave &Kamined the major gLrategic, business and operational risks which the PCC fac£s and confinn that systerns have been established to enable regular reports to b¢ produced so that necessary steps can be taken to less¢ll risks. Tbe key risks along wiib mitigating actions are.. Changes in Stewardghip., TELIS is an OLigoing issue alld a nurnber of r¢gular contriblltrns have sadly passed away reducing Stewardship numbers, however, sorne personal paymeLits have increased. Cost of Utiliti¢s and services.. All contracts aTe being looked at and some services caiicelled. The energy bills a rleWed regularly and the best rice found depending on length of contract. Repairs and Maintenance: The CE]uT¢h and halls are reviewed monlldy lll line with the Chur¢h Maintenallce ProgLamine, in order lo identify problems as they alis¢. Tbe Church. has been fortLinate that sottLe srnallcr jobs have be¢ll cani¢d out by talented voluiiteers. Regular service contracts for fire, electrical and olber safety equipment continue to be in place. Lack O'F Volunte¢rs'. St Stcphens relies lieavily on it5 volunteers and is lucky to luve a strong cole of d¢dicated people who assist ill facilitating the mnning of die Church, W¢ ¢ontinue to welcome new people and would like to thank those wlio givc their lirne and talents so generously and would Itke to str¢ss that 1 help Iiowever small is a great help and everybody can h&v¢ a pait lo play. REFERENCE AP4D ADLWtNSTRATIVE DETAILS Registered Charity number 1131959 Principal address St SiepFLen's Vicara£e St Stephens Avenue Blacl<p¢301 Lancashire FY2 9RB Page 3
THE PAROCHIAL CHURCH COUYCIL OF THE KCCLESIASTICAL PARISH OF ST STEPUEN ON THE CLIVFS, BLACKPOOL REPORT OF THE TRUSTEES for the year ended 31 December 2024 Trustees Rev. A Teather (CIRinnan and In¢umbent) elected15 February 2023 t¥Q. K McLeDman (Churchwarden and member of Deanery Synod) Mr. A Cramer (ChurGliward¢n) Mr, W Cairns (Deputy Churcbwarden & meinber of Drdnery Synod) Mrs. J Green (Treasurer and member of Deanery Synod) 's. A Berry (PCC Secretary) Mrs. D Grahn (Siewardsliip Otyicer) Mrs. S Bayliss (co-opted n)¢mber and Patron) Pth, C Grim5ted (co-opted member and Assistant Stewardship Officer) Mrs. A meLeTan (co-opted member and Safeguarding Officer) M. K Billinghurst (co-opted member and Assist11 Saf¢guarding OffLc¢r) tr. K Lloyd (ele¢led 12 May 2022) Mrs, K Ridgway {elted l2 May 2024) Mrs. K Davies (elected 12 May 2024) Mrs. J Delauttay (ele¢led 12 May 2024) Deaner Synod - The trustees would like to thantc Mr K McLennan, Mrs J Green and Mr W Cairns for their help and support as members of Deanery Synod, Safeguardiiig Officets - The tnlsl'eos are very gteI for the dedication and expertlse OF our Saf¢guarding Officers Mrs A McLennan and Mrs K Billinghurst. Tk] SafegUdIllg of all at St Stephens is of paramoLml importattc¢ and their work is n]ucli appr¢ciat¢d. Th¢ Triistees and parisli as a wbole were saddelled by iir deaths of our Hon. Assistant Priests, Fr. Hary Pugh and Canon Paul Smith who had continued to serve faithfully until Lheir last illnesses. We are all grateful to them for I'heir ministry at St Stephens and they are both sadly Lnissed. A carved memorial has been made lo each of the pews where they sat regularly, Th¢ Trustees aLe delighted that Fr Clive Lord Itss joined us an Hon. Assistant Priest. Tbe ILUStees are very grateful to all wlw give of theii lime in so many ways to this community including but not IiEnited to IlIDse who attange our social events (which draw in & Large cross section of our local comtnLmity), the Arts F¢stival, coiicerts, family fun days, fairs and other activities as well &8 those who augnettt our daily wors11ip by their work in the sacristy serving? flower arranging and otherwise. In 2024 we welcomed many people who have Llot been here befoi'e and Ibis is through the ¢fEorts of many people in Dur coromunity, Independent ExaD)iner Joncs FIarris Limited 17 St Peters Place Fleetwood Lancashire FY7 6EB Approved by ol'der of the board of Iruslees on ,.,......,....,..,....,.,........,........... and signed on it5 b¢half by.. Revei'end A Teather- TNstee Page4
INDEPENDEf4T EXAm[RIs REPORT TO THE TRUSTEES OF THE PAROCHIAL CIIURCH C011Tr4CIL OF THE ECCLESIASTICAL PAIUSH OF ST STEPHEN ON THE CLIFFS, BLACKPOOL Indepelldent examiner's report to the trustees of The Parocbial Church Councll of the EcclesiasticHI Parish of St Stephen on the Cliff5, Blaekpool I report lo the charity trustees on my examination of the accounts of The P&rochial Churcb Council of the Eeclesiasti¢aE Parish of St Stephen on the Cliffs, Blackpool (the Trust) for ttLe year ended 3 l De¢embei' 2024. Regponslbilities and basi5 of report As the challty trustees of the Trust you are responsible for the preparation Of the accounts in accordanc¢ with the requirements of tbe chariti Act 2011 ('the Act,), I report in respect of my examination of the Trust's ac¢oiinls carried out under Section 145 of the Act and in carrying out y examination I have followed all applicabl¢ Diiectiolls &v¢n by the Charity Cornmission under Section 145(5)(b) of the Act. Independent eiaminer's statement I Euvt completed my examination, I confirm that no material maLteTh have Come to my attention in conneetion with the examination giving me cause to believe that in any terial respect.. accounting records were not kept in respect of the Trust as required by Section 130 of Ibe AGt' or the accounts do not accord witb those records,. oi. the accounts do not COLnply with the applicabl¢ requirements concernLrng the fom] and content Df accounts s¢t out in the ChaLitLes (Accoullts and Reports) Regulations 2008 other than any requirement t11 the accounts give a ttue aud fair view which is not a matter considered as part of an independent exarnination. I hav¢ no concems and have come across no other Lnatters in conn¢Ltion with Ibe examination lo which attention should be drawn in Ilii,4 report in order to enable a proper understanding of the accourLts lo be reached. Paul Dal¢y A Jones H&nis Limiied 17 St Peters Place Fleetwood Lan¢&sl)ire FY7 6EB Page 5
THE PAROCHIAL CHURCH COiiNCIL OF THE ECCLEStASTICAL PARJSH OF ST STEPHEN ON THE CIJFFS, BLACKPOOL STATEMENT OF FINANCLL ACTIVITIES for the year ended 31 December 2024 2024 Total funds 2023 Total nds ur¢Stil¢led funds Reslrictcd nd5 Notes INCOP¥lE AND EDIDONTrTrIENTS FROLWI Donations and legacies 129,025 62,949 191.974 l92,748 Charltabl¢ actisTties Charitable activities 20.481 200 20,681 29,737 Iv¢stm¢nt income Other incoine 304 1,877 304 6,204 1,366 4,830 4,327 Total 151.687 67,476 219,163 228,68l EKPENDrruRE ON Ch&ritable &ctlvities Charitable activilies 161,075 29.230 190,305 351,579 Net gains oll investments 61 61 2,665 NET tNCOMEI(EXPENDITtrRE) (9,327) 38,246 28,919 (120233) REC0Tr4CILLiTION OF FUNDS Total funds brougknt foVd 20,966 12,511 33,477 153,710 TOTAL FUNDS CARRIED FORWARD 11,639 50,757 62,396 33,477 The notes Fom part of these financial sta(ern¢nts Page 6
THE PAROCHIAL CItURCH COUNCIL OF THE ECCLISIASTICAL PARISH OF ST STEPHEN ON THE CLIFFS, BLACKPOOL 4LANCE SHEET 31 December 2024 2024 Total funds 2023 Total fuftds Unrestricted funds Restricted nds Notes FIXED ASSETS Tangible assets Investments 10,534 6,709 10,534 6,709 11,601 6,448 17,243 17243 l8,049 CiWiINT ASSETS Debtors CaslL at bank 6,000 18,618 6,000 69,375 7,282 44,087 50.757 24,6t8 50,757 75,375 Sl,369 CREDITORS AmDunts falling due within one year (12,096) {l2,096) (7,190) NET CURRETrIT ASSETS 12,522 50,757 63,279 44,179 TOTAL ASSETS LESS CURRE LIABILrriES 29.765 50,757 80,522 62,228 CREI DITORS Amounts lallins due after mole than one year io {18,126) (18,126) (28,751) NET ASSETS 11,639 50,757 62,396 33,477 FUNDS Unrestricted llds Restricted fullds l2 11,639 50,757 20,966 l2,511 TOTAL FUNDS 62,396 33,477 The fll)ancial statements were apyroved by t1 Board of Tiustees and aulhorised for issue . attd were signed on its belwlf by: on Rev¢reiid A TealLier- Trustee The notes form part of th&se finaiicial slat¢TLienl8 P&ge 7
THE PAROCHIAL CHURCH COUTr4CIL OF THE ECCLESIASTICAL PARISH OF ST STEPHEN OTr1 THE CLIFFS, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS for the year ellded 31 December 2024 ACCOUNTtNC POLICIES Basls of preparing the finanefial statements The financial stal¢m¢nls of the charity, whi¢h is a public benefit entity uiider FRS 102, have been prepared in a¢¢ordance willi the Cliarilies SORP (FRS 102) 'A¢¢ounting and Reportllig by Charities,, Siatemelll of Recomnellded Prdclice applicable to charities prepartng their accounts in accordance with IELe Financial Reporting Standard applicable in the UK Republic of Ireland (FRS 102) {effe¢live l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK Republic of Ireland, and the Cliarilies Act 2011. The finallcial 51atetnellts have been prepared under the historicaI cost convention, with the exception of investments whicli are included at market value, as modified by the ievaluation of Ceitain assets. Financial reportlllg standard 102 - redueed disclosure exemptions The clwity has taken adv&ntage of the following disGlosure ex¢mption in pi-eparing these fLnancial slatemenls, as permittcd by FRS 102 The FinanGial Reporting Standard applicable in th¢ UK and Republic of treland,; tbe reqLiireLnents of Section 7 Siatetnent of Cash Flows. Income Offerings and douations are r0g[]Iscd wh¢n received by or oli behalf of the PCC. Planned giving re¢¢ivable under the Gift Aid s¢h¢me is iecognised ottly when received. Tax recoverable oll Gift Aid donations is Lecognised when the donatÉon is recogllsed. Grants aiid legacies are recognised & the PCC is notifLed of its legal entitLanent, the amount 18 quantifiable and its ultimate r¢c¢ipt by the PCC is reasffliably certaln. Funds raised by social and fundraising events are aCcOLted for gl'oss. Investment income is recogDi8¢d on a Leceivable basis. Expenditure Liabilities are recognised as expenditure as soon as Ibere is a legal or constructiv¢ obligatioii ¢ommitting the PCC to tFLat cxpenditure, il Is PLDbable that a transFer of ecolloiTLiC b¢nefiis will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is ac¢oLinted for on ali accnLals basis and k been classified under headings IILat aggregate all ¢osl relaied lo the category. Where costs cannot be direLtIy attributed to particular headings they have been allocated to activities on a basis ¢onslStent with the use of resources, Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or Valuatio net of depre¢i&tion and any impairnient10sses. Assets of less then £2,000 are not capitalised. Depreciation is recogllised so as to wiite off the cost or valiiation of asset8 le55 their residual values over their useful liv<s on th¢ following bases.. Fi'eehold land and bLiildings Computer equipment Nil 330/tr slraig&t lille Freehold and buildings &e staled at original cost which is significantly less th their CULTeLIt market valu4 arLd ¢onsequenlly ale not dcpreciated. The fi'eehold land and buildings are lield foi. long leLTlI use by the Chui'c Itl Lls charitable activity and in the opinion of the PCC the costs of obtaining a profe[OnaL current valuation are not justified as such evaluation woiild not provide inpiit lo ier5 of the accounts in judgiiig iELeir stewai'dship of the assets of the Church. The gain oi loss arising tlie disposal of an asset is d¢ttr(nined as the difference between the sale proceeds alld the caryiiig value of tbe asset, and is recognised in net incoinel(expeiidiliire) foi. the ycar. Page S continLied..
THE PAROCHIAL CIIURCH coifNCIL OF THE ECCLESIASTICAL PARtSIl OF ST STKPHKN ON THE CLIFFS, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024 AccOUNTNG POLICIES - Colltlnued Taxation The chartty is exempt from tax on its ch11able activities. Fund accounting Unrestricted funds can be uscd tn accordance with the charitable objectives at the discretion of the IrLlStees. RestLlCted funds can only be used for particular restricted purposes Within tl* objects of the clwity. Restrictions arise when specified by the donor or when funds are raised for partiGuiai' restricted purposes. Desiated fuiids comprise funds which have been sel aside at the discretion of the trustees for specific puryoses Further explanation of the nature and putVO8e of eacb [ld is included Èn the notes to the financial statetn¢nts. Hire purchase and leasing comMitentS Assets obtained under hir¢ pUreFSe contracts or fmance leases are capilalised in th¢ Balan¢e Sheet. Ilose held nder hire pur¢hase contracts are depreciated over theii. estimated useful lives. Those held und¢r fLnance leases ar¢ depreciated over their estimated use1 lives or the l¢ase tems whichever is shorter. CoDsecrAted property Rnd niove4ble furnishings Collsecrated and beneficial propety of any kind is excluded from the financial statements by s.10(2)(c) of Ilie CharitÉ¢s Act 2011. Moveable church furLILshings held by the Vicar aiid Churchwardeus on special ttust for the PCC and wbich requir¢ a fa¢uliy for disposal are accounted for as inalienable propety unless consecrated, TLiey aTe listed in the Church inventory, wknich cali b¢ inspected (at any r¢asoLthle t1ft). For all expenditui'e irncurred in the year on consecrated or beneficial buildings, or oll the repair of moveable Chui'ch fvnushings, llldividual items under £l,000 are written off. Fixed asset investments Fixed asset inve6bttent are InitilY measured at traiaCtiOn price e,xcluding Ii'ansaclioll costs, aiid ar¢ subsequently measured al fair value * ffa¢h reporting dat¢. Changes itt fail. value are recOlSed in net incomel(expendilure) for Lhe year. Transacl'ion costs are expensed as incurred. Goillg conccrll Al the time of approvtllg the financial statements, the trustees have a reasonable exp¢ctalion that the charity Lias adequate resourceg to continue in operational existence for th¢ foreseeable fiLthre. ThLiS the tmslees continue to adopt the going concern basis of accoilnling in preparing the fiiwicial statements. INVEI STMETrIT INCOM 2024 2023 Other fixed asset invest. FII Deposit a¢¢oimt interest 274 30 1,348 18 304 1,366 Pag¢ 9 conlinLied.,.
THE PAROCHIAL CHURCH COtryCIL OF THE ECCLESIASTICAL PARISH OF ST STEPHETrI ON TUE CLIFFS, BLACKPOOL NOTES TO T] FINANCIAL STATEMENfS - contillued for the year ended 31 December 2024 TRUSTEES, REI llINERATIol ADID BEf4EFITS None of the trustee5 (or any person conN¢cted with them) received any r¢muLieration or benefits from the charity dwing the yw other than those listed below, The vicar, a trustee, is paid a stipend by the Diocese Iluough the clergy payroll scheme operated by tbe Church o'lEngland. This also tnakes proviso for a pensiDtL. Trust¢e$' expenses Nolle of the tllttteS (or any person conneGted with thTh) weL'e paid any expenses from th¢ ¢liarity during tbe y¢ar Oth than those listed below. The Vicar was reimbursed expens¢s of £8,161 (2023.. 3,314) incurred by liim in the furtherance of his duties, STAFF COSTS 2024 2023 W&ges and salaries 11,545 12,440 11,54) 12,440 The aveL7g¢ monthly number of ¢mploye¢s during the year was as follows: 2024 2023 Finance and administration Cleaner Organist No employees received emoluments in excess 01£60,000. COLMPARATIVES FOR THE STATEI LIl¥T OF FINANCIAL ACTIVITIES Unrestricted fullds Restricted funds Total funds INCOME AND ENDOWMENTS FROM DonatÉons and l¢gaci¢s 183,829 8,919 192,748 CharAtable actlvities Charitable actiiilies 29,406 33l 29,737 Investtnent incotne Other iiicome 1,366 1,625 1,366 4,830 3,205 Total 216,226 12,455 228,681 EXPENDITURE ON Charitable etttieS Cbaiitable activities 289,583 61,996 351,579 Net gains on iiiv¢stments 2,665 2,665 Page 10 onlinued...
THE PAROc1llL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST STEPHEN OTr4 THE CLIFFS, BLACKPOOL NOTES TO THE FllYANCIAL STATElWtENfs . continued for the year ended 31 December 2024 COMPARATIVES FOR THE TEMENT OF FINALNCIAL ACTIVITIES - contlnued Urreslri¢ted Restricted ftLnds funds Total funds NET INCOL[cl l{EXPENDfruRE) (70,692) (49,541) (120,233) RECONCILIATION OF FUNDS Total funds brought fonvard 91,658 62,052 153,710 TOTAL FUf+tDS CARRtED FORWARD 20,966 12,511 33,477 TIINGIBLE FIXED ASSETS Freehold propety Computer eqiiipment Totals COST Ai l January 2024 and 31 December 20?4 9,434 33,584 43,018 DEPRECIATION At l January 2024 Clwge for year 31,417 I,067 31,417 1,067 At 31 December 2024 32.484 32,484 NET BOOK VALUE Al 31 Dernber 2024 9,434 I,ioo 10.534 At 31 December 2023 9,434 2,167 11,601 Fixed assets, included in t.he abov¢, which are lield under knre purchase contra¢ts or fLnance loases are as follows.. Computer equipment COST At l January 2024 and 31 De¢¢mber 2024 10,081 DEPRECIATION At l January 2024 and 31 December 2024 10,081 TrIEI T BOOK VALUE At 31 D¢cernber 2024 At 31 December ?023 Pagell contiriiied...
THE PAROCHIAL CIIURCll COUNCIL OF THE ECCLESIASTICAL PARISH OF ST STEPHEE4 ON THE CLIFFS, BLACKPOOL NOTES TO THE FINANCIAL STATEMENfs - eontfinlled for the year ended 31 D¢¢ember 2024 FIXED ASSET NVEslrITs Unlisted illvestments Al l January 2024 Additions 6,448 261 Al 31 December 2024 6,709 NET BOOK VALUE At 31 December 2024 6,709 Al 31 D¢cernb¢r 2023 6,448 Thei'e were no investment assets outside Ilie UL Cost or valuation al 31 December 2024 is represented by.. Unlisted investneiils Valuation in 2024 Cost 2,364 4,345 6,709 DEwfoRS', ATrIOUNTS FALLING DUE NVITHIN ONE ITAR 2024 2023 Ttadc debtors Other debtors Piepaymenls kULd accLued incone 2,533 2,900 567 3,146 3,150 986 6,000 7,282 Pag¢ 12 continued...
THE PARocHL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST STEPHEN ON THE CLIFFS, BLACKPOOL TrIOTES TO THE FINANL CIAL STATEDAENTS - ¢otttlnued for the yegr ended 31 December 2024 CREDrroKs: AMOUFUS FALLtNG DUE WITHllY ONE YEAR 2024 2023 Other loans (see note I l) AccnLals and defeed income 7,500 4,596 5,000 2,190 12,096 7,190 io. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2024 2023 Other loans (see note I l) 18,126 28,751 ii. LOANS analysis of th¢ matLirity of loans is given below.. 2024 2023 Amounts falling due wilhiLi on¢ year on demand.. Diocesan loan 7,500 5.000 Amounts falling between one and two y¢ars'. Diocesan loan 18,126 28,751 12. MOVEMENT IN FUTr4DS Nel Moveent in fimi At 31112124 Ai 111124 Unrestricted funds General fund Fixed Assd lld Flower fund 11,189 9,434 343 (9,645) 1,544 9,434 661 318 20,966 (9,327) 11,639 Restricted fund5 Mission income Walsingham Cantant¢s Dotnino Donations and legacies Tea dance holiday lId Choir nd Parish feast Ligliting fabiic fulld Roof Fili Yoiilh fvnd Wint. wailn project Arts festival 4,808 223 1,237 779 79 150 235 5,000 200 (223) 5,008 1,237 779 79 150 235 5.000 11,915 3,674 1,267 21,413 11,915 3,674 I,267 21,413 12,511 38,246 50,757 TOTAL FUNDS 33,477 28,919 62,396 Page 13 contsiiued..
THE PAROCHL4L CIIURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST STEPHEN ON THE CLIFFS, BLACKPOOL NOTES TO THE FINANCL4L STATEMEIYTS . contilled for the year ended 31 D¢r¢mber 2024 12. MONTNtENT IN FUNDS- continued Net movement in nds, included in the above 8Te as follows: Incoming resources Resource5 expended Gains and losses Movallent illn Unrestrlcted funds General fuiid Flower lld 150,769 918 (160,475) (600) 61 (9,645) 318 151.687 (l61,075) (9,327) R£stricted funds Columbarium/Garden of Repose Mission income Walsingham Roof Fund Youth fund Winler warni project s festival 1,128 200 3,199 27,841 5,542 2,534 27,032 (1,128) 200 (223) 11,915 3,674 1267 21,413 (3,422) (15.9?6) (1,868) (1,267) (5,619) 67,476 (?9,230) 38,246 TOTAL FUNDS 219,163 (190,305) 61 28,919 Coniparadves for rnovement in funds Net movement in funds At 31112123 Al 111123 Unrestricted'fiinds General fund Fixed Asset fund ower fund 82,224 9,434 (71,035) 11,189 9,434 343 343 91,658 (70,692) 20,966 Restrlcted funds MissiorL income Walsingham Caiitanles Domino Donations and leg8cies Tea dance boliday ftmd Choir fund Parish feast Lighting fabric tsnd Roof Fund 4,503 1,069 1,534 779 79 150 235 5,000 48,703 305 (846) (297) 4,808 223 1,237 779 79 150 2J5 5,000 (48,703 } 62,052 (49,541) 12,511 TOT AL FiINDS 153,710 (120,233) 33,477 Page 14 continued..
PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST STEPHEN OTr4 THE CLIFFS, BLACKPOOL NOTES TO THE FINANCIAL STATEMETr4TS- continued for the year ended 31 December 2024 12. IVIOITfvIENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows,. Incoming resources R¢sour¢es expended Gains and losses ovemenl in llds Unrestri¢tsd funds General fund Flower fund 215,483 743 (289,183) (400) 2,665 (71,035) 343 216,226 {289,583) 2,665 (70,692) Restricted funds ColumbaLiuflllGarden oFReposc Mission income Walsingham Cantantes Domino Roof Fund 475 305 2,730 27 8,918 (475) 305 (846) (297) (48,703) (3,576) (324) (57,621) 12,455 (61,996) (49,541) TOTAL FUNDS 228,681 {35l,579) 2.665 (120233) Restricted funds Missions - Mon1 raised lo support missionary clwities connected lo the Church. Walsingham - monies received and paid Te the amiual pilgrin&ge. Canlant&s Domino - donations rec¢iv¢d for a music society whos¢ aim is to pi'ovide Eilurgical music. Donations and legacies- amounts re¢¢iv¢d to be used for the speciti¢ upkeep of the Church. Tea dance Lioliday fund- thnds paid by the ¢lub members towards the annual holiday costs, Clioir fund - donations received for choir social eveiits. Parisli feast - tnonies received and paid re the annual paLisli feust, Lighting fabric fund- OnIeS received to lighting project. Roof Fund- Gralllb received for the roof repair proj¢ct. D¢sign#t¢d funds Fixed Assct fulld - this is an unrestricted ftLnd represented by Ili¢ net book vale of tbe tangible FLxed assets of the Chartty. Resourccs expended represents th¢ depreciatiotl charge. 13. REI L4TED PARTY DISCLOSURES The Friends of St Stephen oll the Clitys, BlaLkpool (1120454) is a i'elated charity which is operated and contiolled by 10 Truslees, 4 of whom are the Incumbent, Treasurer aiid Chur¢hwardens of the Parochial ChurGh Council (PCC) of St Stephen on the Cliffs, Blackpool. During the year the PCC of Sl Stephen oil the Cliffs, Blackpool received £3,750 (2023.'£5,000) in dorLations from The Fiiends of St Stq)hen on the Cliffs, Blackpool, DLiring the year expenditure totalling £12,764 (2023.. £13,668) has been gifted by The friends OF Si Sleph¢ii on Ilie Cliffs, Blackpool lo assist with th¢ I'Linning costs of the Church and Ilie PCC of Sl Stephen on the CLifts, Blackpool is most appreciative of this support. Page 15
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST STEPHEN ON THE CLIFFS, BLACKPOOL DETAILED STATEMENT OF FITrIANCIAL ACTtvrriES for the year ended 31 December 2024 2024 2023 INL COTrIE AND EYDOWfvIENTS Donatlons and legacies Donations Gift aid Legacies GRnls Ticket sales Donated StLee8 and facilities 68,014 10,143 45,046 55,541 466 12,764 49,584 10,746 102,700 L6,050 l3,668 191,974 192.748 Investment in¢ome Other fixed asset InVt - FII Deposit aceounl interest 274 30 1,348 18 304 1,366 CharitAble actlTAtles Charitable activities 20,68L 29,737 Other incolne Other inc0e 6,204 4,830 Totiil incoming resources 219,163 228,681 XPENDITURE Chxritible activities Wages Rates and insuranLe Light and heat T¢lephon¢ aiid broadband Postage, printing & stationery Advcrtising and inark¢ting Caiitantes Columbariiim paytnents Walsingham Parish sl)3re Priesvs honorarium Vicar's ¢xp¢nses, rates & VDF Patish feasts Organist Event catering Sancluai'y expenses T softwai'¢ alid ¢onsutnables Licence fees Catyied fotivard 11,545 9,498 I I,536 7,4l3 1,195 1,555 12,440 10,713 10,417 4,332 1,337 70 324 8g5 3,576 14,400 300 3,3 l4 704 5,370 607 3,641 6,255 740 79,435 1,275 5,297 23,733 4,658 316 5,570 951 10,421 6,413 1,589 I02,965 This page does not form part of the slaliitory fmancial statements Page 16
THE PAROCllLIL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST STEPHEN ON THE CIIFFS, BLACKPOOL DETAILED STATELwIEf4T OF FINANCIAL ACTIVITIES for the year ended 31 DeCeber 2024 2024 2023 Charitable activldes Brought forward Cleaning Repairs and renewals Misc¢llan¢ows Retumed fess Flowers Dep'n computer ¢q1pment Gifts Memberships & publications Scoptng expense Garden mainlenarLce Architect fees Youth fund Spending Event costs Website & adveitising 102,965 6.000 53,312 1,615 79,435 5,439 238,268 1,912 350 400 1,067 305 695 571 4,640 16,170 600 1.067 2,031 6,932 3,822 1,868 2,976 2,643 185,831 349,252 Support costs Governance costs Accolmtancy Bar&fees Financing costs ProfessiollaL f¢es 2,406 68 1,433 567 2,190 51 86 4,474 2,3?7 Total sOurceS expended 190,305 351,579 Net InconLel(expelldlttire) before gains losses 28,858 (122,898) Realised r¢¢ognised gains and105se8 Realised gainsl(lo$ses) on fed asset inveslmeiits 61 2,665 Net in¢omel(expenditure) 28,919 (120,233) This page does not fortn parl of the statutory Fiiiaiicial stdtemenl8 Page 17