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2024-12-31-accounts

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PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY

Charity Registration No 1132732

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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 1

ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

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

I would like to take this opportunity to say a huge thank you to everybody who works so hard to make our team what it is. Your work is so essential in keeping our churches running and thriving, enabling us to serve our communities and share God’s love with those whom we live alongside.

We are truly blessed to have churches with strong Sunday attendance across our congregations. We are also grateful for our strong local connections with our schools and wider community. We pray that these relationships will continue to grow. We also pray that we will continue to grow our numbers and deepen the faith of our congregations and find new opportunities to serve our community, in line with the diocesan strategy, and indeed — gospel imperative, to be a ‘growing, nurturing and serving’ community. As we work together as the seven churches of our Mission Community led by Rev David Cooper, we will continue to look for ways in which we can work together more closely, sharing the skills and resources we have so that we can strengthen the mission of the church in our communities.

This is not to say there aren’t challenges. Quinquennial reports continue to report issues with our buildings requiring significant sums which can only be acquired through fundraising and grant applications. There is always so much work to do with limited resources. Challenges come, and at times it can be difficult to find ways through them.

Despite these challenges, we are encouraged. We are encouraged by the small shoots of God’s kingdom that are springing up. We are encouraged by the answers to prayer we receive, both in the big and the little things. We are a people of hope who are confident that God will continue His ministry in the Worsley team, creating communities where the love of Christ is known, and is shared with those around us,

Let us keep praying together, praying that God’s Holy Spirit will move powerfully in each of us and in our parish and our wider mission community. Let’s pray that our churches will keep Christ at the centre of our lives, as we seek to discern the will of God in this season.

Financial Review

Income for the year totaled £247,906 (2023 - £232,071) and expenditure £180,359 (2023 - £277,511) giving a surplus for the current year of £67,547 compared with an excess of expenditure of £45,440 for 2023. The change in financial results from loss to surplus has arisen because of receipts relating to restoration work at St Marks and reduced expenditure following the completion of the heating system at St Marys and a significant reduction of £41,500 in the payment of the Parish Share. Attendance at Church services remains buoyant but the ability to contribute financially to the running of the Parish has been constrained by the ongoing 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 underlying day to day 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 £550,000. Accordingly the PCC considers it prudent policy to maintain general funds at current levels to help meet the future costs relating to the fabric of the Church, its surroundings and related high maintenance costs.

Structures, Governance and Management

PCC Members who served during the year 2024:-

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 retired 1 May 2024 Paul Speakman Christine Ellis Francesca Orford retired 1 May 2024 Barbara Lyon Elizabeth Pollitt Douglas Wright retired 1 May 2024 Jillian Rawson appointed 1 May 2024 Elected – St Mary’s Carol Sansome Paul Heathcote retired 1 May 2024 Jade Philips Claire Hooley appointed 1 May 2024

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.

Rector

Revd. Adam Whittle

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY

BALANCE SHEET

Notes 31 December 2024 31 December 2024 31 December 2023
£ £ £
£
Fixed Assets
Tangible fixed Assets 5a 21,610 27,480
Investment assets 5b 358,613 355,607
__ __
380,223 383,087
Current Assets
Debtors 6 12,112 6,449
Bank and Cash 352,759 264,279
__ __
364,871 270,728
Current
Liabilities:
amounts
falling due within one year 7 61,796 41,069
__ __
Net Current Assets 303,075 229,659
__ __
Total Net Assets 683,298 612,746
__ __
Funds 8 & 9
Unrestricted 447,605 517,028
Restricted - General 49,974 48,873
- Restoration Fund 137,631 -
Endowment 48,088 46,845
__ __
683,298 612,746
__ __

Approved by the Parochial Church Council of St Mark Worsley on 22 October 2025 and signed on its behalf by

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

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

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 3

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

Note Unrestricte Restricted Endowment 2024 2023
d funds funds funds Total Total
£ £ £ £ £
Incoming Resources
Incoming resources
from donors 2a 99,264 6,585 - 105,849 145,330
Other voluntary
incoming resources 2b 17,969 40,831 - 58,800 16,540
Income from charitable
and ancillary trading 2c 48,933 - - 48,933 47,472
Income from
investments 2d 34,324 - - 34,324 22,729
__ _ _ _ _
Total Incoming
Resources 200,490 47,416 - 247,906 232,071
__ _ _ _ _
Resources Expended
Activities directly
relating to the work of
the church 3a 157,409 5,348 - 162,757 267,158
Church management
and administration 3b 16,421 - - 16,421 9,102
Other expenditure 3c 1,045 136 - 1,181 1,251
__ __ _ _ _
Total Resources
Expended 174,875 5,484 - 180,359 277,511
__ __ _ _ _
Net Income/
(Expenditure) 25,615 41,932 - 67,547 (45,440)
Gain/(Loss) on
investments
-unrealized 1,762 - 1,243 3,005 4,794
Transfer between
funds (96,800) 96,800 - - -
__ __ __ _ _
Net Movement of
Funds (69,423) 138,732 1,243 70,552 (40,646)
Balances b/fwd at
1 January 2024 517,028 48,873 46,845 612,746 653,392
__ __ __ _ _
Balances c/fwd at
31 December 2024 447,605 187,605 48,088 683,298 612,746
__ __ __ _ _

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 4

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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. FRS102 (2016)

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. Funds for Church Restoration 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.

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 5

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. Accounting Policies (continued)

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

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, however 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 2024

2. Incoming Resources
Unrestricted Restricted 2024 2023
funds funds Total Total
£ £ £ £
2a. Incoming resources from donors
Planned giving:
Gift Aid 40,721 - 40,721 39,755
Income tax recoverable 16,932 - 16,932 17,988
Other collections at all services 24,050 - 24,050 21,956
Donations and Grants 11,629 6,585 18,214 65,631
Legacies 5,932 - 5,932 -
__ _ __ __
99,264 6,585 105,849 145,330
__ _ __ __
2b Other voluntary Incoming resources
Donations appeals etc:
Floodlight sponsorship 600 - 600 480
Fetes, bazaars, other fund raising events 17,369 17,369 16,060
Restoration Fund receipts - 40,831 40,831
__ _ __ __
17,969 40,831 58,800 16,540
__ _ __ __
2c Income from charitable and ancillary
Trading
Magazine sales and advertising revenue 2,892 - 2,892 3,110
Wedding fees 12,901 - 12,901 15,182
Baptisms 1,122 - 1,122 1,301
Flowers 307 - 307 378
St Marks Church Hall 10,942 - 10,942 9,614
Funerals 20,158 - 20,158 17,551
War Memorial Grant 336 - 336 336
Energy Grant 275 - 275 -
__ _ __ __
48,933 - 48,933 47,472
__ _ __ __
2d Income from investments
Interest 12,549 - 12,549 8,779
Rental income 21,775 - 21,775 13,950
__ _ __ __
34,324 - 34,324 22,729
__ __ __ __
Total Incoming Resources 200,490 47,416 247,906 232,071
__ _ __ __

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 7

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

3. Resources Expended

.Resources Expended
Unrestricted Restricted 2024 2023
funds funds Total Total
£ £ £ £
3a Directly relating to the work of the
Church
Ministry : Parish Share 50,170 - 50,170 87,681
Clergy expenses
4,529
- 4,529 4,715
Church – running expenses
Insurance 12,237 - 12,237 12,418
Utilities 22,731 - 22,731 30,356
Church maintenance 9,029 5,348 14,377 69,203
Upkeep of altar services 2,552 - 2,552 3,888
Upkeep of churchyard 6,672 - 6,672 15,674
Magazine Printing Costs inc Crux 1,917 - 1,917 1,966
Wages and Fees 25,600 - 25,600 23,530
Depreciation of Tangible Fixed Assets 6,324 - 6,324 5,979
Miscellaneous 2,161 - 2,161 2,922
Wedding & Funeral Fees 9,994 - 9,994 8,826
Pew Cushions 3,493 - 3,493 -
__ _ __ _
157,409 5,348 162,757 267,158
__ _ __ __
3b Church management and
administration
Printing, postage & stationery 1,735 - 1,735 2,350
Professional Charges 14,080 - 14,080 6,132
Bank Charges 606 - 606 620
__ _ __ __
16,421 - 16,421 9,102
__ _ __ __
3c Other expenditure
Flower guild 714 136 850 920
Organ Maintenance 331 - 331 331
__ _ __ __
1,045 136 1,181 1,251
__ _ __ __
Total Resources Expended 174,875 5,484 180,359 277,511
_ _ __ __

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 8

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4. Staff Costs

Staff Costs
2024 2023
£ £
Salaries (No. of staff – 1. 2023 – 1.) 20,667 19,920
_ _
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 2024 65,899 77,326 143,225
Additions 454 - 454
__ __ __
At 31 December 2024 66,353 77,326 143,679
__ __ __
Depreciation
At 1 January 2024 38,420 77,325 115,745
Charge for the year 6,324 - 6,324
_ _ _
At 31 December 2024 44,744 77,325 122,069
_ _ _
Net Book Values
At 31 December 2024 21,609 1 21,610
At 31 December 2023 27,479 1 27,480
_ _ _
nvestment assets
2024 2023
£ £
Financial Securities at Market Value
CBF Fixed Interest Securities 546 530
CBF Investment Fund 42,089 41,146
Short term deposits 47,625 45,578
_ _
90,260 87,254
_ _

5b. Investment assets

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 9

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5b.Investment assets (continued)
2024 2023
£ £
Investment Property at Cost
School House 85,245 85,245
171 Greenleach Lane 183,108 183,108
__ __
268,353 268,353
__ __
Total Investment Assets 358,613 355,607
__ __

The PCC are of the opinion that the total market value of the investment property is £750,000.

6. Debtors
2024 2023
£ £
Prepayments and other debtors 8,040 3,908
Income tax recoverable on Gift Aid 4,072 2,541
_ _
12,112 6,449
_ _
7. Liabilities: Amounts falling due within one year
2024 2023
£ £
Creditors for goods and services 61,796 41,069
_ _
8. Analysis of Net Assets by Fund
Unrestricted Restricted Endowment
funds funds Funds Total
£ £ £ £
Fixed Assets 332,135 - 48,088 380,223
Current Assets 177,266 187,605 - 364,871
Current Liabilities (61,796) - - (61,796)
_ _ _ _
Fund Balance 447,605 187,605 48,088 683,298
_ _ _ _

PAROCHIAL CHURCH COUNCIL OF ST MARK WORSLEY 10

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9. Fund Details

9.Fund Details
Unrestricted Restricted Endowment
funds funds funds Total
£ £ £ £
St Mark Worsley 401,292 175,078 48,088 624,458
St Marys Ellenbrook with St Andrews
Boothstown 45,263 12,527 - 57,790
Magazine Account 232 - - 232
St Mark’s Flower Guild 818 - - 818
_ _ _ _
447,605 187,605 48,088 683,298
_ _ _ _
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 5,903
Williams Legacy – the capital is permanent endowment
whilst the application of income is unrestricted 39,128
A number of small bequests which stipulate that capital
is permanent and income be applied to churchyard
upkeep 3,057
Bromley Legacy – re Family grave 5,000
Organ Fund 24,902
Bellringers fund for the refurbishment of the bells 4,229
Ellesmere Chapel 3,316
Restoration Fund 137,631
_ _
175,078 48,088
_ _
St Marys
Flower Guild 977
Building Fund 9,550
Kitchen Fund 2,000
_
12,527
_

10. Parish Share

For the current financial year the total shortfall in Parish Share payments amounted to £45,735 (2023 £13,052) This has not been included in these financial statements, as required by the accounting policy, because it has been written off by the Diocese as not received by them.

  1. A Quinquennial Report dated 21 February 2024 highlighted the need for major restoration work at St Marks Church. The total costs involved including VAT amount to £550,000. The Church is researching ways in which this can be funded and is actively seeking donations and other funding.