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2020-12-31-accounts

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY

Charity Registration No 1132732

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY

1

ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The parish is part of the Diocese of Manchester within the Church of England. The correspondence address is:-

St Mark’s Rectory Walkden Road Worsley Manchester M29 2WH

Website: www.stmarksworlsey.org.uk

The parish is divided into two districts, with three congregations and two schools, and is served by a team ministry.

St Mark’s District

St Mark Worsley, Worsley Brow, Worsley, Manchester M28 2WH

St Mark’s C of E Primary School, Aviary Road, Worsley, Manchester M28 2WF

St Mary’s District

St Mary the Virgin, Ellenbrook, Ellenbrook Road, Manchester M28 1FR

St Andrew Boothstown, which meets at

St Andrews’s C of E Primary School, Vicar’s Hall Lane, Boothstown Manchester M28 1HS

Aims and purposes

The PCC has the responsibility of co-operating with the clergy in promoting to the public, in the ecclesiastical parish, the whole mission of the Church: pastoral, evangelistic, social and ecumenical. Under the Constitution of the Team Ministry, the PCC delegates to the District Church Councils (DCC’s) of St Mark and St Mary the day to day promotion of the mission of the Church and the care and maintenance of the church buildings.

Activities

The church doors closed, opened, closed and opened again amid a series of risk assessments and an abundance of hand sanitiser. It has been an astonishing year on so many levels and through God’s good grace we have come through it. Yes, mindful that the challenges that came with coronavirus and lockdown have not disappeared, but they have depleted. For the moment.

We have learned to live differently, and our ministry has continued. Indeed, it never faltered! We have gained new skills, learned new language and become more ‘tech savvy’. In the absence of the collection plate, many people transferred their sacrificial giving to direct giving via their bank. The ‘Donate’ buttons in our churches have been effectively and appreciatively used as our congregations have continued to support. Facebook, WhatsApp and the church websites came into their own. However, the human touch never diminished, and we found innovative, yet simple ways to reach out to both the church family and the wider community. God provided us with the opportunities to replace church business with

1 cont personal prayerfulness and the space to deepen our faith and spirituality. What a blessing.

We know that as our communities recover, or otherwise, from the pandemic, our churches will have an important role to play in supporting people’s needs. The learning curve will continue.

In the midst, we said goodbye, with love and deep affection, to Reverend Dot Fair, as she retired from her post as (HFD) priest-in-charge of Holy Rood Church. We give thanks for her fruitful ministry among us, a much loved colleague and friend. We also express appreciation to Paul Rimmer, Warden at Holy Rood. The relationship with Holy Rood church has always been a good one, but it has flourished even further during the lockdown and provides a strong foundation in readiness for the arrival of the new Team Rector. We are all extemely pleased to be welcoming Reverend Adam Whittle to this post in the near future and pray blessing on his ministry.

Whilst St. Mary’s and St. Andrew’s have not been in a position to open for Sunday worship, St. Mark’s with the larger and more accessible building, has, when permitted, been open for Sunday Eucharist, thus enabling us to function within the diocesan guidelines. We are

St. Mary’s and St. Andrew’s set up live Zoom church and the resulting increase in the congregation encourages us to consider how we might follow both an online and in-person provision for the future. I would like to record personal thanks to Fran Orford who provided such sterling support in those early days of Zoom Church.

So, we come now in thanksgiving for all that has been possible. To the Warden team and Roy Farnell at St. Mark’s for ensuring that the church has kept functioning. To my Reader colleague, Sheila Radford, whose ministry is valued beyond measure. To parish and district Wardens, Kath Tonge, Irene Butler and Peter Lumb who have been such a tower of strength and support and to the many Christian hands that have been at work, spreading the love of God. The church buildings may have been closed but the church has most definitely been open and very active throughout the last year. As we look to the challenges ahead, we do so in the backdrop of the resurrection and the hope that comes with new life in Christ and new ways of ‘being church’ in a different world. Thanks be to God.

Financial Review

Income for the year totalled £176,485 and expenditure £160,991, giving a surplus of £15,494. However, non recurring income from legacies of £35,025 and a large donation of £5,030 mask the underlying financial activities of the parish which effectively incurred a loss for the year of £24,561. This loss has been caused by reduced income and attendance from church services, baptisms, weddings, funerals, church hall rental and general fund raising events as a result of the closure of our places of worship during the pandemic. Expenses have been tightly controlled but because of these financial pressures the Parish was unable to meet its parish share by £19,782. Thankfully, the parish is financially strong and will continue to be so, once lockdown is reversed in June 2021.

Reserves Policy

Over many years the Church has accumulated its Unrestricted General Fund from bequest of property and general income. The church of St Mark itself is a Grade 1 listed building which this year celebrates its

1 cont

one hundred and seventy fifth anniversary. Together with the current uncertainties of the pandemic, a forecasted loss for the year of £40,000, the PCC considers it prudent policy to maintain general funds at current levels to guard against the loss in value of its investments, the fabric of the Church and its surroundings and related high maintenance costs. Surplus cash funds are invested in the CBF Church of England Deposit Fund.

Structures, Governance and Management

PCC Members who served in the year 2020:-

Team Rector Vacancy Team Vicar The Revd Karen Hopwood-Owen Reader Sheila Radford Churchwarden Kath Tonge Deanery Synod Member Jill Rawson Helen Wiles Elected – St Mark’s Greta Barwise Dr Martin Seeley Douglas Wright Christine Ellis Francesca Orford Barbara Lyon Elizabeth Pollitt Elected – St Mary’s Anne Maye Carol Sansome Irene Butler Lesley Hopwood-Ryan Kath Tonge Jennifer Edwards Paul Heathcote Brian Mullineaux

Appointment of PCC members is set out in the Church Representation Rules. The Council comprises the Team Rector, Team Vicar, Churchwardens, those elected to the Deanery Synod and members elected at the Annual Parochial Church Meeting.

The PCC members are responsible for decision making on all matters of general concern and importance to the Parish including its finances. The PCC meets four times a year with an average attendance of 83%. Given its wide responsibilities the PCC has a number of sub committees each dealing with a particular aspect of parish life. These include Worship, Safeguarding of children and young people, buildings and finance, Church missionary work and communications.

Karen Owen – Team Vicar

6 May 2021

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY

Charity Registration No 1132732

FINANCIAL STATEMENTS

31 DECEMBER 2020

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Page
Annual Report of the Parochial Church Council 1
Balance Sheet 2
Statement of Financial Activities 3
Accounting Policies 4 – 5
Notes to the Financial Statements 6 – 10
Independent Examiners Report 11

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY

2

BALANCE SHEET

Notes 31 December 2020 31 December 2020 31 December 2019 31 December 2019
£ £ £ £
Fixed Assets
Tangible fixed Assets 5a 39,013 39,548
Investment assets 5b 350,066 347,486
__ __
389,079 387,034
Current Assets
Debtors 6 9,566 6,557
Cash at bank and in hand 273,051 275,602
__ __
282,617 282,159
Current Liabilities: amounts falling
due within one year 7 8,031 23,603
__ __
Net Current Assets 274,586 258,556
__ __
Total Net Assets 663,665 645,590
__ __
Funds 8 & 9
Unrestricted 572,899 557,478
Restricted 48,082 47,858
Endowment 42,684 40,254
__ __
663,665 645,590
__ __

Approved by the Parochial Church Council of St Mark Worsley on 6 May 2021 and signed on its behalf by

Rev Karen Hopwood Owen …………………………………….. Minister Mrs K Tonge ..............................…………………………. Church Warden Mrs E Pollitt ...........………………………………………. PCC Secretary

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 3

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2020

Note Unrestricted Restricted Endowment 2020 2019
funds funds funds Total Total
£ £ £ £ £
Incoming Resources
Incoming resources from
donors 2a 120,249 - - 120,249 98,756
Other voluntary incoming
resources 2b 5,344 - - 5,344 20,302
Income from charitable
and ancillary trading 2c 30,175 224 - 30,399 62,286
Income from investments 2d 20,493 - - 20,493 19,101
__ _ _ __ __
Total Incoming
Resources 176,261 224 - 176,485 200,445
__ _ _ __ __
Resources Expended
Activities directly relating
to the work of the church 3a 148,624 - - 148,624 175,667
Church management and
administration 3b 8,947 - - 8,947 6,722
Other expenditure 3c 3,420 - - 3,420 16,992
__ __ _ __ __
Total Resources
Expended 160,991 - - 160,991 199,381
__ __ _ __ __
Net Incoming Resources 15,270 224 - 15,494 1,064
Gain on investments
-unrealized 151 - 2,430 2,581 5,777
__ __ __ __ __
Net Movement of Funds 15,421 224 2,430 18,075 6,841
Balances c/fwd at
1 January 2020 557,478 47,858 40,254 645,590 638,749
__ __ __ __ __
Balances b/fwd at
31 December 2020 572,899 48,082 42,684 663,665 645,590
__ __ __ __ __

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 4

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting Policies

The financial statements have been prepared in accordance with the Charities Act 2011 and the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP 2005.

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value as appropriate. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

Restricted funds are those funds that must be spent on restricted purposes. Details of the funds held and their restrictions are provided in note 9. Endowment funds where the capital must be retained are also explained in note 9.

Incoming Resources

Voluntary Income and capital sources

Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenant is recognised only when received. The income from deposited covenants is spread over the duration of the deed of covenant. Income tax recoverable on covenants or gift aid donations is accounted for when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement of the amount due, is quantifiable and its ultimate receipt by the PCC is reasonably certain. Funds raised by fairs, garden parties and similar events are accounted for when received. Sales of books and magazines from the church bookstall are accounted for when received.

Income from Investments

Dividends and Interest are accounted for when receivable. Rental income from the letting of church premises is recognised when the rental is due.

Gains and losses on investments

Realised gains and losses are recognised when Investments are sold. Unrealised gains or losses are accounted for on the revaluation of financial investments at the year end.

Resources Expended

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PPC

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 5

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting Policies (continued)

Activities directly relating to the work of the Church

The parish share is accounted for when due. Any parish share unpaid at 31 December should be provided for in these financial statements as an operational (though not a legal) liability and shown as a creditor in the balance sheet but see note 10.

Fixed assets

Consecrated land and buildings and movable church furnishings

Consecrated and benefice property is excluded from the financial statements in accordance with section 10(2)(a) and (c) of the Charities Act 2011.

No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a facility for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure

Other property

St Marks Parish Hall Stated at cost less accumulated depreciation - provided so as to write off the cost completely in equal instalments over 15 years. School House Valued at the mid-point of the Local Authority Council Tax Band plus subsequent additions at cost. 171 Greenleach Lane Stated at cost

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight line basis over 10 years. Individual items of equipment with a purchase price of £200 or less are written off when the asset is acquired.

Investments

Financial Investments are valued at their market value at 31 December each year.

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 irrecoverable.

Short-term deposits include cash held on deposit either with CBF Church of England Funds or at the bank and building society.

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 6

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

2. Incoming Resources

Unrestricted Restricted Restricted 2020 2019
funds funds Total Total
£ £ £ £
2a. Incoming resources from donors
Planned giving:
Gift Aid 52,772 - 52,772 55,260
Income tax recoverable 14,154 - 14,154 19,257
Envelope giving – non gift aid 187 - 187 1,157
Other collections at all services 6,334 - 6,334 17,168
Donations and Grants 12,902 - 12,902 5,914
Legacies 33,900 33,900 -
__ _ __ _
120,249 - 120,249 98,756
__ _ __ _
2b Other voluntary Incoming resources
Donations appeals etc:
Floodlight sponsorship 635 - 635 920
Fetes, bazaars, other fund raising events 4,709 - 4,709 15,497
Building Fund - - - 3,885
__ _ __ _
5,344 - 5,344 20,302
__ _ __ _
2c Income from charitable and ancillary
trading
Magazine sales and advertising revenue 1,601 - 1,601 3,481
Wedding fees 4,186 - 4,186 14,962
Flowers - 50 50 1,496
St Marks Church Hall 5,679 - 5,679 11,559
Funerals 14,180 174 14,354 28,452
War Memorial Grant 336 336 336
Audit fee not payable - - - 2,000
British Gas Refund 4,193 4,193 -
__ _ __ __
30,175 224 30,399 62,286
__ _ __ __
2d Income from investments
Dividends and interest 1,677 - 1,677 2,186
Rental income 18,816 - 18,816 16,915
__ __ __ __
20,493 - 20,493 19,101
__ __ __ __
Total Incoming Resources 176,261 224 176,485 200,445
__ _ __ __

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 7

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

3. Resources Expended

Unrestricted Restricted 2020 2019
funds funds Total Total
£ £ £ £
3a Directly relating to the work of the Church
Ministry : Parish Share 80,218 - 80,218 89,290
Clergy expenses 715 - 715 948
Church – running expenses
Insurance 9,899 - 9,899 7,327
Utilities 7,387 - 7,387 14,486
Church maintenance 10,496 - 10,496 12,999
Upkeep of altar services 1,922 - 1,922 1,416
Upkeep of churchyard 2,871 - 2,871 352
Magazine Printing Costs inc Crux 2,307 - 2,307 3,877
Childrens’ Church 147 - 147 173
Wages and Fees 21,109 - 21,109 20,667
Depreciation of Tangible Fixed Assets 5,127 - 5,127 5,166
Miscellaneous 1,699 - 1,699 3,922
Weddings & Funerals 4,727 - 4,727 15,044
__ _ __ _
148,624 - 148,624 175,667
__ _ __ _
3b Church management and administration
Administration:
Printing, stationery and envelopes 3,135 - 3,135 2,467
Professional Charges 5,280 - 5,280 3,479
Bank Charges 532 - 532 776
__ _ __ __
8,947 - 8,947 6,722
__ _ __ __
3c Other expenditure
Flower guild expenditure - - - 1,970
Organ Maintenance - - - 595
Railings/Landscaping - - - 14,032
Legal fees re legacy - - - 395
Architects Fees 3,420 - 3,420 -
__ _ __ _
3,420 - 3,420 16,992
__ _ __ _
Total Resources Expended 160,991 - 160,991 199,381
_ _ __ _

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 8

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

4. Staff Costs

Staff Costs
2020 2019
£ £
Salaries (No. of staff – 1. 2019– 1.) 17,141 16,609
_ _
No remuneration is paid to any members of the PCC.
Expenses have only been paid to the clergy as appropriate.

5a. Tangible fixed assets

angible fixed assets
Equipment Parish Hall Total
£ £ £
Cost
At 1 January 2020 55,546 77,326 132,872
Additions 4,592 - 4,592
__ __ __
At 31 December 2020 60,138 77,326 137,464
__ __ __
Depreciation
At 1 January 2020 15,999 77,325 93,324
Charge for the year 5,127 - 5,127
_ _ _
At 31 December 2020 21,126 77,325 98,451
_ _ _
Net Book Values
At 31 December 2020 39,012 1 39,013
At 31 December 2019 39,547 1 39,548
_ _ _
nvestment assets
2020 2019
£ £
Financial Securities at Market Value
366 shares – CBF Fixed Interest Securities 619 598
1,820 shares – CBF Investment Fund 37,217 34,814
Short term deposits including St Mark Church Trust
£7,016 (2019 - £7,016) 43,877 43,721
_ _
81,713 79,133
_ __

5b. Investment assets

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 9

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

5b. Investment assets (continued)

nvestment assets (continued)
2020 2019
£ £
Investment Property at Cost
School House 85,245 85,245
171 Greenleach Lane 183,108 183,108
__ __
268,353 268,353
__ __
Total Investment Assets 350,066 347,486
__ __

The PCC are of the opinion that the total market value of the investment property is £575,000.

6. Debtors

ebtors
2020 2019
£ £
Prepayments and other debtors 5,761 2,672
Income tax recoverable on Gift Aid 3,805 3,885
_ _
9,566 6,557
_ __
iabilities: Amounts falling due within one year
2020 2019
£ £
Creditors for goods and services 8,031 28,703
_ _

7. Liabilities: Amounts falling due within one year

8. Analysis of Net Assets by Fund

nalysis of Net Assets by Fund
Unrestricted Restricted Endowment
funds funds Funds Total
£ £ £ £
Fixed Assets 346,395 - 42,684 389,079
Current Assets 234,535 48,082 - 282,617
Current Liabilities (8,031) - - (8,031)
_ _ _ _
Fund Balance 572,899 48,082 42,684 663,665
_ _ _ _

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 10

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

9. Fund Details

und Details
Unrestricted Restricted Endowment
funds funds funds Total
£ £ £ £
St Mark Worsley 516,784 37,382 42,684 596,850
St Marys Ellenbrook with St Andrews
Boothstown 54,748 10,700 - 65,448
Magazine Account 786 - - 786
St Mark’s Flower Guild 581 - - 581
_ _ _ _
572,899 48,082 42,684 663,665
_ _ _ _

Analysis of Restricted and Endowment Funds

St Mark
Meadowcroft Legacy – the capital is a bequest invested to
produce Income for maintenance of the church fabric 5,358
Williams Legacy – the capital is permanent endowment whilst
the application of income is unrestricted 34,600
A number of small bequests which stipulate that capital is
permanent and income be applied to churchyard upkeep 2,726
Bromley Legacy – re Family grave 5,000
Organ Fund 24,837
Bellringers fund for the refurbishment of the bells 4,229
Restoration fund, re Ellesmere Chapel 3,316
_ _
37,382 42,684
_ _
St Marys
Flower Guild 1,150
Building Fund 9,550
_
10,700
_

10 Parish Share

For the current financial year the unpaid Parish Share for the whole parish amounted to £19,782. (2019 £5,395) This is not included in these financial statements, as required by the accounting policy, because it has been written off by the Diocese.

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PAROCHIAL CHURCH OF ST MARK WORSLEY I report to the charity trustee5 on my examination of the accounts of the Parochial Church Council of Si M8Tk Worsley (th¢ Church Council) for the year ended 31 Decernber 2020. Responsibilities basis of report As rhe chariiy irusiees of ihe Church Council you ar¢ responsible for the preparation of the accounts in accordance wi¢h the requiremenis of ihe Chorities Aci 2011 I'the A¢t'). I report in respeci of my examinaiion of ihe Church Council's account5 carri¢d olll under Section 145 of the Act and in carrying out my examination I have followed all applicable direcrions given by the Chariiy Commissi(Trn under 5ectioll 145151(b) of the Act. Indtpendenl examiner's statement I have cornpleted my examination. I confimi that no mateTial matters have ¢tsm¢ to my attention in connection wilh the examination giving me tause to believe thai in any maierial respecr: accounting records were not kepi in respect of the Church Council as r¢quir¢d by section 130 of the Act., or the account5 do not accord with those records: or rhe accoun15 do nol comply with the applicable requirements conceming che forni and cont¢nl of accounts set oul kn Ihe Charities (Accounts and Reports) Reglllalion5 2008 other than any requirement that rhe accounis give a true and fair view which is noi a mairer considered a5 part of an independent examination. I confirn) ihai there are no other matters to which your attention should be drawn to enable 8 proper under51anding of the accounis io be reached. P B Syddall FCA FCIE P B Syddall & Co Chartered Accounthnts Grafton House 81 Chorley Old Road Bolton Lancashire BLI 3AJ