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2021-12-31-accounts

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 1

ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

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.stmarksworsley.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’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

Having come to the parish only in the last year I have been at the tail end of the pandemic restrictions. In my curacy parish lockdown was tough, the workload increased dramatically, and the days never seemed to end, so I can only imagine the difficulties that we had in our parish. It has

been incredible to see how so much hard work has kept our churches going in such difficult circumstances. I would like to take this opportunity to thank all our volunteers at Saint Andrew’s, Saint Mary’s and Saint Mark’s, and you all as PCC for your hard work and diligence in what has been such a challenging time for everybody.

We continue in these challenging times both at home and abroad. Some estimates suggest that the fall in the standard of living is at its fastest rate since the 1950s due to the increase in costs of gas and oil. This will have a marked impact on our own costs as churches and our congregations and their ability to give. In the broader picture, war is on our doorstep and the world feels like a much less secure place. I grew up after the Iron Curtain fell, when it felt like the world was ‘coming together’ in peace. These illusions have finally been shattered. Our challenge is, despite the difficulties, to continue to be God’s people. When I read Paul’s letters nowadays, I feel like they have more relevance than ever; so many of his churches were going through tough times, yet his letters are so full of encouragement to keep the faith, to be a people of hope and love, to be patient, and to not weary of doing good. Paul reminds them, as we are reminded ourselves at this Easter Time, that there are hard times to go through, but the promise of Resurrection is just around the corner; death is not the end, it is the beginning of New Creation.

Times are changing for us as well as we make the move to become a United Benefice, bringing Holy Rood Swinton officially into the fold as a part of the Worsley Team and creating two financially independent PCCs, Saint Andrews and Saint Marys, and Saint Mark’s. This will give parity to all four churches in our team. Father Alan Simpson at the diocese in getting this moving with all the legalities and we hope to have this completed by the beginning of July or August this year. I know that this has been on the cards for many years, and I am so happy that we are finally making it happen. This will enable us to focus on our mission priorities and allow each church to make its own decisions about their finances. Financial independence doesn’t mean that we become completely independent of each other. We are still a team together, a team with the call to be God’s people in our individual contexts; to see where there are opportunities to serve our communities, to bring others to faith and to nurture our congregations. I want to keep working with the whole team, looking for the opportunities mission and growth and working together to make it happen. I am looking forward to seeing where God leads us in our new chapter as a team.

Financial Review

Income for the year totaled £147,533 and expenditure £173,509, giving a loss of £20,646. This compares with an underlying loss of £24,561 in 2020. Losses have been caused by reduced income and attendance at 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 the financial pressures from reduced income the Parish was unable to meet its parish share by £16,488 (2020 £19,782) Whilst the parish remains currently financially strong, losses cannot continue, so ot is pleasing to note that in the current year (2022) so far the parish is breaking even.

Reserves Policy

Over many years the Church has accumulated its Unrestricted General Fund from bequests of property and general income. The church of St Mark itself is a Grade 1 listed building and in now 175 years old. The Parish has been made aware that extensive repair work is needed to St Mark Church which will require substantial financing. Accordingly the PCC considers it prudent policy to maintain general funds at current levels to guard against the loss in value of its investment, the fabric of the Church and its surroundings and related high maintenance costs.

Structures, Governance and Management

PCC Members who served during the year 2021:-

Team Rector Revd Adam Whittle Team Vicar Revd Karen Hopwood-Owen Reader Sheila Radford Churchwarden Kath Tongue Deanery Synod Member Jill Rawson Helen Wyles Elected – St Marks’s Greta Barwise Paul Speakman Douglas Wright Christine Ellis Francesca Orford Barbara Lyon Elizabeth Pollitt Elected – St Mary’s Anne Maye Carol Sansome Irene Butler Lesley Hopwood-Ryan Jennifer Edwards Paul Heathcote Peter Lumb

Appointment of PCC members is set out in the Church Represent5ation 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 is a registered charity.

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 time a year with an average attendance of 83%. Given its wide responsibilities the PCC has a number of subcommittees 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.

Adam Whittle Team Rector.

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY

Charity Registration No 1132732

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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

2

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY

BALANCE SHEET

Notes 31 December 2021 31 December 2021 31 December 2020 31 December 2020
£ £ £ £
Fixed Assets
Tangible fxed Assets 5a 33,583 39,013
Investment assets 5b 355,397 350,066
__ __
388,980 389,079
Current Assets
Debtors 6 17,745 9,566
Bank and Cash 244,776 273,051
__ __
262,521 282,617
Current Liabilities: amounts
falling due within one year 7 8,482 8,031
__ __
Net Current Assets 254,039 274,586
__ __
Total Net Assets 643,019 663,665
__ __
Funds 8 & 9
Unrestricted 546,846 572,899
Restricted 48,142 48,082
Endowment 48,031 42,684
__ __
643,019 663,665
__ __

Approved by the Parochial Church Council of St Mark Worsley on 13 April 2022 and signed on its behalf by

Rev Adam Whittle …………………………………….. Rector

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 2021

Not Unrestric Restricted Endowme 2021 2020
e ted funds nt funds Total Total
funds
£ £ £ £ £
Incoming
Resources
Incoming resources
from donors 2a 89,635 - - 89,635 120,249
Other voluntary
incoming resources 2b 10,323 - - 10,323 5,344
Income from
charitable and
ancillary trading 2c 40,243 120 - 40,363 30,399
Income from
investments 2d 7,212 - - 7,212 20,493
__ _ _ _ __
Total Incoming
Resources 147,413 120 - 147,533 176,485
__ _ _ _ __
Resources
Expended
Activities directly
relating to the work
of the church 3a 161,306 - - 161,306 148,624
Church
management and
administration 3b 9,396 - - 9,396 8,947
Other expenditure 3c 2,747 60 - 2,807 3,420
__ __ _ _ __
Total Resources
Expended 173,449 60 - 173,509 160,991
__ __ _ _ __
Net
(Expenditure)/
Incoming
Resources (26,036) 60 - (25,976) 15,494
(Loss)/Gain on
investments
-unrealized (17) - 5,347 5,330 2,581
__ __ __ _ __
Net Movement of
Funds (26,053) 60 5,347 (20,646) 18,075
Balances c/fwd at
1 January 2021 572,899 48,082 42,684 663,665 645,590
__ __ __ _ __
Balances b/fwd at
31 December
2021 546,846 48,142 48,031 643,019 663,665
__ __ __ _ __

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 4

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

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 2021

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.

Bank and Cash represent money on deposit either with CBF Church of England Funds or at the bank.

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 6

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

2. Incoming Resources

Unrestricte Restricted 2021 2020
d funds funds Total Total
£ £ £ £
2a. Incoming resources from
donors
Planned giving:
Gift Aid 50,674 - 50,674 52,772
Income tax recoverable 15,663 - 15,663 14,154
Envelope giving – non gift aid - - - 187
Other collections at all services 4,114 - 4,114 6,334
Donations and Grants 18,100 - 18,100 12,902
Legacies 1,084 1,084 33,900
__ _ __ __
89,635 - 89,635 120,249
__ _ __ __
2b Other voluntary Incoming
resources
Donations appeals etc:
Floodlight sponsorship 532 - 532 635
Fetes, bazaars, other fund raising 9,791 - 9,791 4,709
events
__ _ __ __
10,323 - 10,323 5,344
__ _ __ __
2c Income from charitable and
ancillary
trading
Magazine sales and advertising
revenue 2,459 - 2,459 1,601
Wedding fees 3,342 - 3,342 4,186
Baptisms 663 - 663 -
Flowers - 120 120 50
St Marks Church Hall 9,724 - 9,724 5,679
Funerals 23,719 - 23,719 14,354
War Memorial Grant 336 - 336 336
British Gas Refund - - - 4,193
__ _ __ __
40,243 120 40,363 30,399
__ _ __ __
2d Income from investments
Dividends and interest 1,192 - 1,192 1,677
Rental income 6,020 - 6,020 18,816
__ __ __ __
7,212 - 7,212 20,493
__ __ __ __

Total Incoming Resources

147,413

120

147,533

176,485


PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 7

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

3. Resources Expended

. Resources Expended
Unrestricte Restricted 2021 2020
d funds funds Total Total
£ £ £ £
3a Directly relating to the work of
the Church
Ministry : Parish Share 85,512 - 85,512 80,218
Clergy expenses 669 - 669 715
Church – running expenses
Insurance 11,077 - 11,077 9,899
Utilities 11,431 - 11,431 7,387
Church maintenance 9,599 - 9,599 10,496
Upkeep of altar services 4,248 - 4,248 1,922
Upkeep of churchyard 6,425 - 6,425 2,871
Magazine Printing Costs inc Crux - - - 2,307
Childrens’ Church - - - 147
Wages and Fees 21,698 - 21,698 21,109
Depreciation of Tangible Fixed
Assets 5,430 - 5,430 5,127
Miscellaneous 1,459 - 1,459 1,699
Wedding & Funeral Fees 3,758 - 3,758 4,727
__ _ __ __
161,306 - 161,306 148,624
__ _ __ __
3b Church management and
administration
Administration:
Printing, stationery and envelopes 3,470 - 3,470 3,135
Professional Charges 5,412 - 5,412 5,280
Bank Charges 514 - 514 532
__ _ __ __
9,396 - 9,396 8,947
__ _ __ __
3c Other expenditure
Flower guild expenditure 148 60 208 -
Organ Maintenance 298 - 298 -
English Heritage Church Repairs 2,301 - 2,301 -
net of grants
Architects Fees - - - 3,420
__ _ _ __
2,747 60 2,807 3,420
__ _ _ __

Total Resources Expended

173,449 60 173,509 160,991


PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 8

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

4. Staff Costs

Staf Costs
2021 2020
£ £
Salaries (No. of staf – 1. 2020 – 1.) 17,534 17,141
_ _
No remuneration is paid to any members of the PCC.
Expenses are paid to the clergy to reimburse them for
parish expenses incurred.

5a. Tangible fixed assets

Equipmen
t Parish Hall Total
£ £ £
Cost
At 1 January 2021
And
At 31 December 2021 60,138 77,326 137,464
__ __
__
Depreciation
At 1 January 2021 21,126 77,325 98,451
Charge for the year 5,430 - 5,430
_ _ _
At 31 December 2021 26,556 77,325 103,881
_ _ _
Net Book Values
At 31 December 2021 33,582 1 33,583
At 31 December 2020 39,012 1 39,013
_ _ _
5b. Investment assets
2021 2020
£ £
Financial Securities at Market Value
366 shares – CBF Fixed Interest Securities 579 619
1,820 shares – CBF Investment Fund 42,569 37,217
Short term deposits including St Mark Church Trust
£7,016 (2020 - £7,016) 43,896 43,877
_ _
87,044 81,713
_ _

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 9

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

5b. 5b. Investment assets (continued)
2021 2020
£ £
Investment Property at Cost
School House 85,245 85,245
171 Greenleach Lane 183,108 183,108
__ __
268,353 268,353
__ __
Total Investment Assets 355,397 350,066
__ __
The PCC are of the opinion that the total market value of the investment property is
£575,000.
6. Debtors
2021 2020
£ £
Prepayments and other debtors 13,801 5,761
Income tax recoverable on Gift Aid 3,944 3,805
_ _
17,745 9,566
_ _
**7. ** Liabilities: Amounts falling due within one year
2021 2020
£ £
Creditors for goods and services 8,482 8,031
_ _
8. Analysis of Net Assets by Fund
Unrestricte Restricted Endowmen
d funds funds t Total
Funds
£ £ £ £
Fixed Assets 340,949 - 48,031 388,980
Current Assets 214,379 48,142 - 262,521
Current Liabilities (8,482) - - (8,482)
_ _ _ _
Fund Balance 546,846 48,142 48,031 643,019
_ _ _ _

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 10

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

9. Fund Details

9. Fund Details
Unrestricte Restricted Endowmen
d funds funds t Total
funds
£ £ £ £
St Mark Worsley 489,923 37,382 48,031 575,336
St Marys Ellenbrook with St
Andrews Boothstown 54,452 10,760 - 65,212
Magazine Account 1,888 - - 1,888
St Mark’s Flower Guild 583 - - 583
_ _ _ _
546,846 48,142 48,031 643,019
_ _ _ _
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 5,360
Williams Legacy – the capital is permanent
endowment whilst the application of income is
unrestricted 39,575
A number of small bequests which stipulate that
capital is permanent and income be applied to
churchyard upkeep 3,096
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 48,031
_ _
St Marys
Flower Guild 1,210
Building Fund 9,550
_
10,760
_

10 Parish Share

For the current financial year the unpaid Parish Share for the parish amounted to £16,488

(2020 £19,782) 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 trustees on my examination of the accounts of the Parochial Church Council of St Mark Worsley (the Church Council) for the year ended 31 December 2021.

Responsibilities and basis of report

As the charity trustees of the Church Council you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Church Council’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 Church Council 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.

A J Syddall M.A. A.C.A P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ

Date: 25[th] July2022_____