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2023-12-31-accounts

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 1

ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

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 M28 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 Church in School, Vicar’s Hall Lane, Boothstown, Manchester, M28 1HS 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

The annual meeting gives an opportunity to express gratitude for all the hard work that has been done in the past year. Not just in the maintaining of the church buildings, but the worship services, the social and fundraising events and the Occasional Offices. Of course, it is not without its challenges, such is the nature of ministry and mission but each of our churches is blessed with committed people who give of themselves.

We take seriously the diocesan call to be a growing, nurturing and serving community. We recognise that church is very much More Than Sunday and living out our faith goes beyond the church doors.

At the Discussion and Agreement meeting with Diocesan officers in March, we were urged to find ways to pay our Parish Share in full.

It is a hefty Share, of that there is no doubt, but we were reminded of our Christian and moral obligation to meet that which, in turn, helps to support those parishes that are less well off, indeed, struggling financially, to cover day to day bills. This is why it is called ‘Share’. Not to mention the diocesan support services that are readily accessible to us.

Our parish accounts show that we are in a position to meet our obligations, living out the gospel values of loving our neighbour as part of the wider church community.

To this end, we agreed that in 2024, St. Mary’s would pay £41,000 and St. Mark’s would pay £54,000. This would be reviewed next year.

Area Dean Colin Pearson reminded us that when we are ‘signed up’ to Jesus, sacrificial giving becomes a natural desire. Indeed, the long-term solution, as advised by the D + A panel, is to grow discipleship. Like the parable of the mustard seed, it starts small and doesn’t happen overnight. This is where a Mission Action Plan is helpful.

Members are asked to note the date of this year’s Archdeacon’s Visitation: 7:30pm, Wed 12th June, St. Mark's Church, Worsley.

Financial Review

Income for the year totaled £232,071 (2022 - £220,522) and expenditure £277,511 (2022 - £205,567) giving an excess of expenditure for the current year of £45,440 compared with a surplus of £14,955 for 2022. The change in financial results from surplus to loss has arisen because of exceptional expenditure in the churchyard at St Marks and a new heating system at St Marys. In addition the cost of energy has risen dramatically. Attendance at Church services remains buoyant but the ability to contribute financially to the running of the Parish has been constrained by the cost of living increases that we are all experiencing. We struggle to pay our Parish Share in full and are faced with some very costly remedial works to the structure of our churches. So whilst the balance sheet shows the Parish to be in a healthy financial position, this is being slowly eroded by ongoing losses which are not sustainable.

Reserves Policy

Over many years the Parish 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 is now over 175 years old. The Parish has been made aware that extensive repair work is needed to St Mark Church and that this will require substantial financing totaling an estimated £500,000.. 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 2023:-

Team Rector Revd Adam Whittle
Team Vicar Revd Karen Hopwood-Owen
Reader Sheila Radford
Parish Warden Kath Tonge
District Church Warden Peter Lumb (St Mary)
Irene Butler (St Andrew)
Deanery Synod Member Lesley Hopwood-Ryan
Helen Wiles
Elected – St Marks’s Greta Barwise
Paul Speakman
Christine Ellis
Francesca Orford
Barbara Lyon
Elizabeth Pollitt
Douglas Wright
Elected – St Mary’s Carol Sansome
Paul Heathcote
Jade Philips

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 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 to five times a year. 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.

Team Vicar

Revd. Karen Hopwood-Owen

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY

Charity Registration No 1132732

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

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 2023 31 December 2023 31 December 2022 31 December 2022
£ £ £ £
Fixed Assets
Tangible fixed Assets 5a 27,480 32,379
Investment assets 5b 355,607 350,815
__ __
383,087 383,194
Current Assets
Debtors 6 6,449 7,476
Bank and Cash 264,279 276,993
__ __
270,728 284,469
Current Liabilities: amounts falling
due within one year 7 41,069 14,271
__ __
Net Current Assets 229,659 270,198
__ __
Total Net Assets 612,746 653,392
__ __
Funds 8 & 9
Unrestricted 517,028 549,997
Restricted 48,873 60,296
Endowment 46,845 43,099
__ __
612,746 653,392
__ __

Approved by the Parochial Church Council of St Mark Worsley on 1 May 2024 and signed on its behalf by

Rev Karen Hopwood-Owen ……………………………… Team Vicar

Mrs K Tonge ..............................…………………………. Church Warden

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 3

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

Note Unrestricted Restricted Endowment 2023 2022
funds funds funds Total Total
£ £ £ £ £
Incoming Resources
Incoming resources from
donors 2a 100,845 44,485 - 145,330 130,969
Other voluntary incoming
resources 2b 16,540 - - 16,540 16,730
Income from charitable
and ancillary trading 2c 47,312 160 - 47,472 52,160
Income from investments 2d 22,729 - - 22,729 20,663
__ _ _ _ _
Total Incoming
Resources 187,426 44,645 - 232,071 220,522
__ _ _ _ _
Resources Expended
Activities directly relating
to the work of the church 3a 211,301 55,857 - 267,158 190,460
Church management and
administration 3b 9,102 - - 9,102 14,458
Other expenditure 3c 1,040 211 - 1,251 649
__ __ _ _ _
Total Resources
Expended 221,443 56,068 - 277,511 205,567
__ __ _ _ _
Net (Expenditure)/
Incoming & Resources (34,017) (11,423) - (45,440) 14,955
Gain/(Loss) on
investments
-unrealized 1,048 - 3,746 4,794 (4,582)
__ __ __ _ _
Net Movement of Funds (32,969) (11,423) 3,746 (40,646) 10,373
Balances b/fwd at
1 January 2023 549,997 60,296 43,099 653,392 643,019
__ __ __ _ _
Balances c/fwd at
31 December 2023 517,028 48,873 46,845 612,746 653,392
__ __ __ _ _

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 4

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 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 2023

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 faculty 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 2023

2. Incoming Resources

Unrestricted Restricted 2023 2022
funds funds Total Total
£ £ £ £
2a. Incoming resources from donors
Planned giving:
Gift Aid 39,755 - 39,755 48,535
Income tax recoverable 17,988 - 17,988 15,382
Other collections at all services 21,956 - 21,956 10,759
Donations and Grants 21,146 44,485 65,631 36,293
Legacies - - - 20,000
__ _ __ __
100,845 44,485 145,330 130,969
__ _ __ __
2b Other voluntary Incoming resources
Donations appeals etc:
Floodlight sponsorship 480 - 480 855
Fetes, bazaars, other fund raising events 16,060 - 16,060 15,875
__ _ __ __
16,540 - 16,540 16,730
__ _ __ __
2c Income from charitable and ancillary
trading
Magazine sales and advertising revenue 3,110 - 3,110 3,029
Wedding fees 15,182 - 15,182 11,450
Baptisms 1,301 - 1,301 510
Flowers 218 160 378 367
St Marks Church Hall 9,614 - 9,614 13,543
Funerals 17,551 - 17,551 20,935
War Memorial Grant 336 - 336 336
Energy Grant - - - 1,990
__ _ __ __
47,312 160 47,472 52,160
__ _ __ __
2d Income from investments
Interest 8,779 - 8,779 3,999
Rental income 13,950 - 13,950 16,664
__ __ __ __
22,729 - 22,729 20,663
__ __ __ __
Total Incoming Resources 187,426 44,645 232,071 220,522
__ _ __ __

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 7

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

  1. Resources Expended
Unrestricted Restricted 2023 2022
funds funds Total Total
£ £ £ £
3a Directly relating to the work of the Church
Ministry : Parish Share 87,681 - 87,681 86,812
Clergy expenses 4,715 - 4,715 5,638
Church – running expenses
Insurance 12,418 - 12,418 10,447
Utilities 30,356 - 30,356 17,958
Church maintenance 13,496 55,707 69,203 14,798
Upkeep of altar services 3,888 - 3,888 2,932
Upkeep of churchyard 15,674 - 15,674 5,284
Magazine Printing Costs inc Crux 1,966 - 1,966 1,885
Wages and Fees 23,530 - 23,530 22,196
Depreciation of Tangible Fixed Assets 5,979 - 5,979 5,885
Miscellaneous 2,772 150 2,922 3,896
Wedding & Funeral Fees 8,826 - 8,826 12,729
_ _ _ __
211,301 55,857 267,158 190,460
__ _ __ __
3b Church management and administration
Printing, postage & stationery 2,350 - 2,350 2,200
Professional Charges 6,132 - 6,132 11,680
Bank Charges 620 - 620 578
__ _ __ __
9,102 - 9,102 14,458
__ _ __ __
3c Other expenditure
Flower guild 709 211 920 649
Organ Maintenance 331 - 331 -
__ _ __ __
1,040 211 1,251 649
__ _ __ __
Total Resources Expended 221,443 56,068 277,511 205,567
_ _ __ __

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 8

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

4. Staff Costs

4. Staff Costs
2023 2022
£ £
Salaries (No. of staff – 1. 2022 – 1.) 19,920 18,114
_ _
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
angible fixed assets
Equipment Parish Hall Total
£ £ £
Cost
At 1 January 2023 64,819 77,326 142,145
Additions 1,080 - 1,080
__ __ __
At 31 December 2023 65,899 77,326 143,225
__ __ __
Depreciation
At 1 January 2023 32,441 77,325 109,766
Charge for the year 5,979 - 5,979
_ _ _
At 31 December 2023 38,420 77,325 115,745
_ _ _
Net Book Values
At 31 December 2023 27,479 1 27,480
At 31 December 2022 32,378 1 32,379
_ _ _
nvestment assets
2023 2022
£ £
Financial Securities at Market Value
CBF Fixed Interest Securities 530 500
CBF Investment Fund 41,146 37,580
Short term deposits 45,578 44,382
_ _
87,254 82,462
_ _

5b. Investment assets

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 9

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

5b.Investment assets (continued)
2023 2022
£ £
Investment Property at Cost
School House 85,245 85,245
171 Greenleach Lane 183,108 183,108
__ __
268,353 268,353
__ __
Total Investment Assets 355,607 350,815
__ __

The PCC are of the opinion that the total market value of the investment property is £700,000.

6. Debtors
2023 2022
£ £
Prepayments and other debtors 3,908 3,822
Income tax recoverable on Gift Aid 2,540 3,654
_ _
6,448 7,476
_ _
7. Liabilities: Amounts falling due within one year
2023 2022
£ £
Creditors for goods and services 41,079 14,271
_ _
8. Analysis of Net Assets by Fund
nalysis of Net Assets by Fund
Unrestricted Restricted Endowment
funds funds Funds Total
£ £ £ £
Fixed Assets 336,242 - 46,845 383,087
Current Assets 221,855 48,873 - 270,728
Current Liabilities (41,069) - - (41,069)
_ _ _ _
Fund Balance 517,028 48,873 46,845 612,746
_ _ _ _

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 10

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

9. Fund Details

und Details
Unrestricted Restricted Endowment
funds funds funds Total
£ £ £ £
St Mark Worsley 463,577 37,382 46,845 547,804
St Marys Ellenbrook with St Andrews
Boothstown 50,455 12,664 - 63,119
Magazine Account 457 - - 457
St Mark’s Flower Guild 1,356 - - 1,356
_ _ _ _
515,845 50,046 46,845 612,736
_ _ _ _

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 5,605
Williams Legacy – the capital is permanent endowment whilst
the application of income is unrestricted 38,253
A number of small bequests which stipulate that capital is
permanent and income be applied to churchyard upkeep 2,987
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 46,845
_ _
St Marys
Flower Guild 1,114
Building Fund 9,550
Kitchen Fund 2,000
_
12,664
_

10. Parish Share

For the current financial year the unpaid Parish Share for the parish amounted to £13,052 (2022 £20,501) This is not included in these financial statements, as required by the accounting policy, because it has been written off by the Diocese.

11. After date Event

A 2024 Quinquennial Report dated 21 February 2024 has highlighted the need for major restoration work at St Marks Church. The total costs involved including VAT amount to £530,000. The Church is researching ways in which this can be funded.

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY l TCPOrt to the charity trusTres on my examinaiion of the ac¢ounts of the Parochial Church Council of St Mark Wor51ey (the Church Council) for the y¢ar ended 31 December 2023. Respon5ibllities and basis of report As the ¢harity t￿ste¢S of the Church Council you are T¢5ponsible for ihe preparation of ihe a￿OUnts in a¢cordance with the requirements of th¢ Charities Act 2011 {'the Act). I report in respect of My examination of the Church Council's accounts carried out under s¢ciion 145 of the Act and in carying out my examination I have followed all applicable directions given by the Charity Commission under seciiors 145(5)(b) of the Act. Independent examiner'$ staternent I have completed my ¢xamination. I confirm that no material matters have come to my attention in Connection with the examination giving m¢ cause to believe that in any material Tespect= accounting records weTe not kept in respect of (he Church Council as required by se¢iion 130 of the Act- or the a¢coun(s do noi accord wilh those records. or the accounts do noi comply with the applicable requirements ¢onceming the fomi and content of accounts sei out in the Charities (Accounts and Reports) Regulations 2008 other than any r¢quirement thai the accounts give a twe and fair view which is not a matter considered as part of an independeni examination. CODfirm that there are no other matter5 to which your att¢ntion should be dr#wn io enable a proper understanding of the accounts to be reached. 17JJ A J Syddall M.A. F.C.A P B Syddall & Co Chart¢red Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BLI JAJ Date.. 24 Octob¢r 2024