Registered Charity no. 1133696
# **The Parochial Church Council of St George with St Martin Poynton**
## **Known as St George's Church Poynton**
**Trustees Annual Report and Accounts Year Ended 31st December 2023**
## **St George's Church Poynton**
**Year Ended 31st December 2023**
## **Contents Page**
||**Page**|
|---|---|
|Legal and Administrative Information|**1**|
|Trustees' Annual Report|**4**|
|Independent Examiners Report|**7**|
|Statement of Financial Activities|**8**|
|Statement of Financial Position|**9**|
|Notes to the Financial Statements|**10**|
## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Legal and Administrative Information**
## **Reference**
The Charity is called “The Parochial Church Council of St George with St Martin Poynton”. The Parochial Church Council is known as the PCC for short. Other names which are used for the charity are "St George's Church Poynton". The Church is registered with the Charity Commission for England and Wales and was registered on 22 January 2010. Before this, the church was excepted registration.
## **Registered Charity Number**
1133696
## **Registered Office**
Poynton Parish Church Fountain Close Poynton Stockport Cheshire SK12 1NH
## **Website**
poyntonparishchurch.org
1
## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Legal and Administrative Information**
## **Parochial Church Council (PCC) Members and Trustees**
Members of the PCC are either ex officio or elected at the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. From the last APCM the following served as members of the PCC.
|||**Date**|**Date**|
|---|---|---|---|
|**Member**||**Appointed**|**Resigned**|
|Rev Matthew Swires-Hennessy|_Chair_|_25/10/2020_||
|Andrew Christopher Holden||_14/05/2023_||
|Rev Jennifer Ruth Prince||_15/05/2022_||
|Margaret Ruth Arthur||_15/05/2022_||
|Stephen John Brain||_15/05/2022_||
|Gillian Audrey Golding||_15/05/2022_||
|Rev Christine Judith Buckley||||
|Brain Clarke||||
|Eileen Shore||||
|Peter John Walker||||
|Susan Patricia Coleman||||
|Elisabeth Bowles||||
|Leslie Hutchinson||||
|David Myers||||
|Victoria Timothy||||
|Linda Bell||||
|Helen Kershaw||||
|Joyce Corlett||||
|Valerie Vibrans||||
|Hannah Brackenbury||||
|Margaret Goode||||
|David Mcclelland||||
|Valerie Gail Parry||||
|Vivienne Metcalfe||||
|Ameer Aldabbagh|||_14/05/2023_|
2
## **St George's Church Poynton**
**Year Ended 31st December 2023**
## **Legal and Administrative Information**
## **Primary Bankers Independent Examiner:**
NatWest 10 Great Underbank Cheshire Stockport SK1 1LL Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds LS25 1AF
3
## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Trustees' Annual Report**
## **Public Benefit Statement**
In setting our objectives and planning our activities our trustees have given consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of the Christian faith through the provision of worship and teaching services and the relief of sickness, financial hardship and promoting good health. This has been achieved by the provision of funds, and services.
## **Organisational Structure; Recruitment, Appointment and Induction of New Trustees**
St George's Church Poynton (PCC) is a charity registered with the Charities Commission (registration number 1165174). The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure.
The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC consists of the incumbent (our vicar), churchwardens and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services / members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC.
The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent.
## **Financial Review**
We have much to be thankful for in 2023 after another year of worship, busy parish life and progress on our strategic goals. Financially speaking we are most grateful for a generous legacy gift of over £50,000 in 2023.
This gift’s arrival was very timely, coinciding as it did with an expensive repair to St George’s Church’s ridge tiles, at a cost of almost £29,000. The gift also allowed the PCC to pursue its goal of enhancing our facilities with increased confidence.
Notably, our St George’s ToNIC Project (standing for “Toilets Needed In Church”) has now progressed through various stages of feasibility study, architect’s drawings and pre-application consultation with the Diocese through to its present stage of readiness for a full Faculty Application, which we hope will provide us with the necessary approval to proceed with construction.
Other minor improvements during 2023 include new shower facilities to Ivy Road (which allowed us to raise the rent payable) as well as both a new hot water boiler and new basement flooring to St Martin’s Church. Meanwhile, we are also grateful to the Friends of St George’s who have paid for new choir furniture in St George’s Church.
We are delighted to see our facilities being used to the full: both St Martin’s and St George’s Halls are consistently booked to full capacity by community groups ranging from dancing, Pilates, art, lectures & learning to uniformed organisations and youth groups. The use of our (non-domestic) facilities brings us valuable income of around £30,000 each year.
Meanwhile, however, it is necessary to sound a note of caution: our operational expenditure continues to exceed our ordinary income. This is partly due to a fall in “ordinary” regular giving (i.e. excluding one-off gifts such as legacies and exceptional donations). A good deal of work has taken place to minimise office and other costs during 2023 to offset this fall but the impact has been felt nonetheless.
4
## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Trustees' Annual Report**
That said, God’s generous provision means that the church has plentiful reserves and these difficult times come on the back of numerous years of surplus between 2010-2020. For the time being, the PCC consider it more important to invest in the spiritual health and operational vibrancy of our parish – prioritising service to the Lord and to our community around us – than to make any knee-jerk reactions to short term cost pressures.
In the meantime, we can take comfort that our investment portfolio rose by around £45,000 in 2023, recovering a portion of the £100,000 loss experienced in 2022. The value of the portfolio stood at £701,545.13, as of 31 December 2023.
Our cash position remains healthy, and we can look forward to 2024 with confidence.
The fund balances at the yearend were as follows:
|Unrestricted Funds
Restricted Funds
**Total**|**2023**
**2022**
£
£
1,151,472
1,134,204
726,949
687,334|
|---|---|
||1,892,421
1,821,538|
## **Going Concern**
The Trustee's are satisfied that the Charity is a going concern and do not know of any uncertainties regarding the organisations ability to continue operating as a going concern.
## **Reserves Policy**
The Church held £1,151,472 in unrestricted funds at the end of December 2023. This figure included the general unrestricted, asset specific and designated funds. It is the council’s intention to hold unrestricted reserves of between 3 and 6 months of operating costs. Where unrestricted funds are held over this amount the PCC will review the financial position of the charity and evaluate were surplus funds are best spent and invested.
## **Objectives and Activities**
Promoting the whole mission of the church, regular public worship open to all. Pastoral work including visiting the sick and bereaved. Teaching the Christian faith through sermons, courses, and small groups for adults, young people and children. Taking of religious assemblies in local schools and provision of other youth and children’s activities. Supporting the community particular at times such as Remembrance Day and the life of the civil parish through the Civic Service. Supporting, prayerfully and financially, mission partners within the UK and overseas.
## **Achievement and Performance**
The PCC of the ecclesiastical parish of St George with St Martin, Poynton, has the responsibility of co-operating with the Incumbent, in promoting within the ecclesiastical parish the whole mission of the Church - pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the St George’s and St Martin’s campuses and associated properties.
## **The vision statement of the church is:**
“Becoming a growing all-age community of faith, hope and love.”
Much work has been undertaken under the three strands this year, with clergy, staff and many volunteers serving with energy and creativity.
5
## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Trustees' Annual Report**
## _**Faith**_
As well as regular preaching and teaching throughout the year, The Bible Course (Bible Society) was held in the run up to Easter. Over 120 people took part in discovering the big story of the Bible, and together were challenged to pay attention to their discipleship, being shaped by the good news of the Bible.
There was also opportunity to think about the ways in which faith connects with everyday life, in a series of talks and home group studies using material from the London Institute for Contemporary Christianity.
## _**Hope**_
Jennie Prince (Curate) with a small team ran the Hope Explored course early in the year, using Just Ice as a venue for the first time.
Nine people, of a variety of ages, came forward to be confirmed or renew their confirmation in a service conducted by Bishop Mark Tanner (Bishop of Chester) at St Mary’s Cheadle.
## _**Love**_
There are continued opportunities to care for those in need, both within the congregation and in the wider community. Both regular groups such as Living Well and special opportunities such as a Bereavement Support Group have been a blessing and support to many this year.
2023 also saw the first Whole Church Weekend Away since Covid and, as well as great teaching from Antony Billington from Romans 12, there was time for building community and encouraging one another.
The Parish has supported local and international charities in the year: particularly local charities working with education and homelessness and international charities involved in supporting churches and communities, with a growing connection with partners in Argentina and the Democratic Republic of Congo.
## **Plans for the Future**
We continue to look for further opportunities to develop our work in the parish in line with our vision. In the coming year, this will include a focus on learning together from the Talking Jesus report as well as increasing lay participation in services. As we are committed to seeing all ages grow in faith and discipleship there will be a number of age-specific opportunities to think from a Christian perspective about contemporary issues, e.g. end of life care. We also are looking at increasing our connections with local schools and uniformed organisations with visits and special services. There are plans to improve the facilities at St George's church, with the construction of toilets and a small servery to enable greater hospitality and welcome.
## **Approved by the Trustees**
Peter Walker
## **Name of Trustee:**
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## **Signed on Behalf of the Trustees:**
**Date of Approval:**
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25/07/2024
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## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Independent Examiners Report**
I report to the trustees on my examination of the financial statements of St George's Church Poynton ('the charity') for the year ended 31 December 2023.
## **Responsibilities and Basis of Report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent Examiner's Statement**
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
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 charity as required by section 130 of the Act; or
2. the financial statements do not accord with those records; or
3. the financial statements 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 part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Nigel Wyatt BSC FCA Date: Independent Examiner 125 Main Street Garforth Leeds LS25 1AF
7
## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Statement of Financial Activities**
|**Statement of Financial Activities**||||||
|---|---|---|---|---|---|
||||**2023**||2022|
|||Unrestricted|Restricted|**Total**|Total|
|||Funds|Funds|**Funds**|Funds|
||**Note**|£|£|**£**|£|
|**Income**||||||
|Donations and legacies||236,543|9,157|**245,700**|187,483|
|Charitable activities||52,334|-|**52,334**|33,146|
|Activities for generating income||47,442|-|**47,442**|39,788|
|Investment Income||5,746|89|**5,835**|1,292|
|Other||772|242|**1,014**|818|
|||`──────────`|`──────────`|`──────────`|`──────────`|
|**Total Income**|**2**|342,837|9,488|**352,325**|262,527|
|||`──────────`|`──────────`|`──────────`|`──────────`|
|**Expenditure**||||||
|Expenditure on charitable activities|**3**|314,474|12,219|**326,693**|292,361|
|||`──────────`|`──────────`|`──────────`|`──────────`|
|**Total Expenditure**||314,474|12,219|**326,693**|292,361|
|||`──────────`|`──────────`|`──────────`|`──────────`|
|||`──────────`|`──────────`|`──────────`|`──────────`|
|**Net Income / (Expenditure) Before**
**Gains/ Loses)**||28,363|(2,731)|**25,632**|(29,834)|
|||`──────────`|`──────────`|`──────────`|`──────────`|
|Gain/(loss) on investment
Portfolio|**8**|-|45,318|**45,318**|(103,847)|
|||`──────────`|`──────────`|`──────────`|`──────────`|
|**Net Income / (Expenditure)**||28,363|42,587|**70,950**|(133,681)|
|||`──────────`|`──────────`|`──────────`|`──────────`|
|**Net Income and Net Movement in Funds**||||||
|Total funds brought forward|**13**|1,134,204|687,334|**1,821,538**|1,955,218|
|Transfers|**13**|2,972|(2,972)|**-**|-|
|||`──────────`|`──────────`|`──────────`|`──────────`|
|**Total Funds Carried Forward**|**13**|1,165,539|726,949|**1,892,488**|1,821,538|
|||`──────────`|`──────────`|`──────────`|`──────────`|
All income and expenditure derive from continuing activities.
8
## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Statement of Financial Position**
|||**2023**|2022|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed Assets**||||
|Investments|**8**|701,545|656,227|
|Tangible fixed assets|**9**|1,033,302|1,030,548|
|||`──────────`|`──────────`|
|||1,734,847|1,686,775|
|**Current Assets**||||
|Debtors|**10**|20,444|17,793|
|Cash at the bank and in hand||174,256|122,960|
|||`──────────`|`──────────`|
|||194,700|140,753|
|**Creditors: amounts falling due within one year**|**11**|37,059|5,991|
|||`──────────`|`──────────`|
|**Net Current Assets**||157,641|134,762|
|||`──────────`|`──────────`|
|**Total Assets Less Current Liabilities**||1,892,488|1,821,538|
|||`──────────`|`──────────`|
|**Net Assets**|**14**|**1,892,488**|**1,821,538**|
|||`──────────`|`──────────`|
|**Funds of the Charity**||||
|Restricted funds|**13**|726,949|687,334|
|Unrestricted funds|**13**|||
|Unrestricted general||32,071|14|
|Designated funds||112,968|113,690|
|Property reserve||1,020,500|1,020,500|
|||`──────────`|`──────────`|
|||1,165,539|1,134,204|
|||`──────────`|`──────────`|
|**Total Charity Funds**||**1,892,488**|**1,821,538**|
|||`──────────`|`──────────`|
## **Directors Responsibilities**
These financial statements were approved by the board of trustees and authorised for issue :
## Peter Walker
**Name of Trustee: Signed on Behalf of the Trustees:**
───────────────────────────────────────────────────
───────────────────────────────────────────────────
**Date of Approval:**
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25/07/2024
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## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
## **Basis of Preparation**
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities Financial Reporting Standards applicable in the UK and Republic of Ireland (Charities SORP 2019 FRS 102) and the Charities Act 2011.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
## **Fund Accounting**
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal, often known as a ‘special offering’ in the church.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
## **Incoming Resources**
All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
• All voluntary income from members of the church are recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.
• Grants, where entitlement is not conditional on the delivery of specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
• Income resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as the point of entitlement).
• Donated services and facilities are included at the value to the charity where this can be quantified.
• Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
• Volunteer time, the value of voluntary support for the work of the church is not included in the accounts but is described in the Trustees Annual Report.
- Investment Income is included in the accounts when receivable.
10
## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
## **Resources Expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Governance Costs**
Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and the cost of any legal advice to trustees on governance or constitutional matters.
## **Liability Recognition**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## **Tangible Fixed Assets**
All assets costing more than £500 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. Depreciation is charged on furniture and equipment which is written off on a straight-line basis over time estimated useful life of the asset.
Equipment 4 years straight-line Fixtures and Fittings 4 years straight-line
## **Pensions**
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
## **Operating Leases**
Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.
## **Taxation**
The charity is exempt from tax on its charitable activities.
11
## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
|**2 **|**Analysis of Income**||||
|---|---|---|---|---|
|||Unrestricted|Restricted|
**Total Funds**|
|||Funds|Funds|**2023**|
|||£|£|**£**|
||**Donations and Legacies**||||
||Donations|140,505|8,223|**148,728**|
||Gift aid|32,907|934|**33,841**|
||Donated goods and services|-|-|**-**|
||Legacies|56,933|-|**56,933**|
||Grants|6,198|-|**6,198**|
|||`──────────`|`──────────`|
`──────────`|
|||236,543|9,157|**245,700**|
||**Charitable Activities**||||
||Funeral Fees|9,405|-|**9,405**|
||Graveyard Fees|8,070|-|**8,070**|
||Wedding Fees|3,328|-|**3,328**|
||Other Activities|24,730|-|**24,730**|
||Parish Weekend Away|6,801|-|**6,801**|
|||`──────────`|`──────────`|
`──────────`|
|||52,334|-|**52,334**|
||**Activities for Generating Income**||||
||Lettings and room hire|47,442|-|**47,442**|
||Church publication sales|-|-|**-**|
|||`──────────`|`──────────`|
`──────────`|
|||47,442|-|**47,442**|
||**Investment Income**||||
||Interest|5,746|89|**5,835**|
|||`──────────`|`──────────`|
`──────────`|
|||5,746|89|**5,835**|
||**Other**||||
||Sales and commission|772|-|**772**|
||Refreshments and other ad hoc income|-|242|**242**|
||Insurance Claim|-|-|**-**|
|||`──────────`|`──────────`|
`──────────`|
|||772|242|**1,014**|
|||`──────────`|`──────────`|`──────────`|
||**Total Income**|**342,837**|**9,488**|**352,325**|
|||`──────────`|`──────────`|
`──────────`|
12
## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
## _**Analysis of Income (Continued)**_
|**_Analysis of Income (Continued)_**||||
|---|---|---|---|
||Unrestricted|Restricted|
**Total Funds**|
||Funds|Funds|**2022**|
||£|£|**£**|
|**Donations and Legacies**||||
|Donations|145,688|7,270|**152,958**|
|Gift aid|27,366|1,259|**28,625**|
|Donated goods and services|-|-|**-**|
|Legacies|5,000|-|**5,000**|
|Grants|900|-|**900**|
||`──────────`|`──────────`|
`──────────`|
||178,954|8,529|**187,483**|
|**Charitable Activities**||||
|Funeral fees|9,493|-|**9,493**|
|Graveyard fees|5,023|-|**5,023**|
|Wedding fees|3,335|-|**3,335**|
|Other activities|10,461|-|**10,461**|
|Parish weekend away|4,834|-|**4,834**|
||`──────────`|`──────────`|
`──────────`|
||33,146|-|**33,146**|
|**Activities for Generating Income**||||
|Lettings and room hire|39,788|-|**39,788**|
|Church publication sales|-|-|**-**|
||`──────────`|`──────────`|
`──────────`|
||39,788|-|**39,788**|
|**Investment Income**||||
|Interest|1,282|10|**1,292**|
||`──────────`|`──────────`|
`──────────`|
||1,282|10|**1,292**|
|**Other**||||
|Sales and Commission|818|-|**818**|
|Refreshments and other ad hoc income|-|-|**-**|
|Insurance Claim|-|-|**-**|
||`──────────`|`──────────`|
`──────────`|
||818|-|**818**|
||`──────────`|`──────────`|
`──────────`|
|**Total Income**|**253,988**|**8,539**|**262,527**|
||`──────────`|`──────────`|
`──────────`|
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## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
## **3 Expenditure on Charitable Activities by Fund Type**
|**Expenditure on Charitable Activities by Fund Type**||||
|---|---|---|---|
||Unrestricted|Restricted|
**Total Funds**|
||Funds|Funds|**2023**|
||£|£|**£**|
|Building Renovation Works and Equipment|35,031|7,827|**42,858**|
|Church Gifts and Giving|20,832|2,579|**23,411**|
|Depreciation|7,774|-|**7,774**|
|Diocesan Fees|9,355|-|**9,355**|
|Fees and Subscriptions|1,169|-|**1,169**|
|Ministry Expenditure|33,721|1,813|**35,534**|
|Office and Support Costs|14,316|-|**14,316**|
|Parish Share|78,591|-|**78,591**|
|Property Utilities, Running Costs and Repairs|41,569|-|**41,569**|
|Staff and other Expenses|12,093|-|**12,093**|
|Staff Salaries|60,023|-|**60,023**|
||`──────────`|`──────────`|
`──────────`|
||314,474|12,219|**326,693**|
||`──────────`|`──────────`|
`──────────`|
||Unrestricted|Restricted|
**Total Funds**|
||Funds|Funds|**2022**|
||£|£|**£**|
|Building Renovation Works and Equipment|-|-|**-**|
|Church Gifts and Giving|19,401|-|**19,401**|
|Depreciation|5,142|-|**5,142**|
|Diocesan Fees|6,827|-|**6,827**|
|Fees and Subscriptions|1,941|-|**1,941**|
|Ministry Expenditure|17,004|4,239|**21,243**|
|Office and Support Costs|18,638|-|**18,638**|
|Parish Share|76,302|-|**76,302**|
|Property Utilities, Running Costs and Repairs|74,999|-|**74,999**|
|Staff and other Expenses|9,890|-|**9,890**|
|Staff Salaries|57,978|-|**57,978**|
||`──────────`|`──────────`|
`──────────`|
||288,122|4,239|**292,361**|
||`──────────`|`──────────`|
`──────────`|
## **Parish Share**
St George's Church Poynton is a parish church of the Church of England in the Diocese of Chester. By means of Parish Share the Diocese helps with the funding of ministers, particularly parochial clergy, the work of various Diocesan bodies and the work of the Church of England as a whole. The Diocese is a community resourcing a common task, and not a charity trying to raise funds to meet a need. In 2022, the amount paid by the PCC under the parish share was £78,591 (2022: £76,302).
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## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
## **4 Volunteers**
The church benefits greatly from the voluntary contributions of time and money by its formal members and regular attendees. Please refer to the trustee's report for further details about volunteer contributions in the organisation.
## **5 Independent examination fees**
Fees payable to the independent examiner for:
|**Independent examination fees**
Fees payable to the independent examiner for:|||
|---|---|---|
||**2023**|2022|
||**£**|£|
|Independent examination and preparation of the financial
statements|1,633|1,534|
## **6 Staff costs**
The total staff costs and employee benefits for the reporting period are analysed as follows:
||**2023**|2022|
|---|---|---|
||**£**|£|
|Wages and salaries|58,274|55,932|
|Social security costs|-|-|
|Employer contributions to pension plans|1,750|2,046|
||`──────────`|`──────────`|
||60,023|57,978|
||`──────────`|`──────────`|
The average head count of employees during the year was as follows:
||**2023**|2022|
|---|---|---|
|Average Headcount|5|5|
The number of employees that received employee benefits of more than £60,000 during the year was as follows:
||**2023**|2022|
|---|---|---|
|More than £60,000|0|0|
## **Key Management Personnel**
The charity considers its key management personnel to be the Vicar, Curate and Associate Minister. The Common Fund of the Chester Diocese meets the stipend and other employment costs of the Vicar, Curate and Associate Minister.
15
## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
## **7 Trustee Remuneration, Expenses and Donations**
During the year 13 (2022:13) trustees incurred out-of-pocket expenses totalling £11,058 (2022: £5,363) which were all incurred for the day-to-day running of the charity's activities. The types of expenditure include travel costs, ministry costs, IT equipment, building expenses and other charitable activity expenditures.
During the year the total aggregated donations made to the charity by the trustees during the year was £38,982 (2022: £39,192).
During the year two trustees were employed by the Church outside of their roles as trustees/PCC members. During the year the following trustee members received the following remuneration:
||**2023**|**2022**|
|---|---|---|
||**£**|**£**|
|B Clarke|16,104|14,366|
|H Brackenbury|8,371|8,994|
## **8 Investments Held as Fixed Assets**
## **Investment Portfolio**
The restricted fund's investment portfolio is held with Brewin Dolphin. The fund is held for ecclesiastical purposes within the parish.
||**2023**|**2022**|
|---|---|---|
||**£**|£|
|Investment portfolio valuation|701,545|656,227|
||`──────────`|`──────────`|
||701,545|656,227|
||`──────────`|`──────────`|
||**2022**|**2021**|
||**£**|£|
|Market value brought forward|656,227|760,074|
|Sales|-|-|
|Unrealised gain / (loss)|45,318|(103,847)|
||`──────────`|`──────────`|
|Market value carried forward|701,545|656,227|
||`──────────`|`──────────`|
16
**Year Ended 31st December 2023**
## **St George's Church Poynton**
## **Notes to the Financial Statements**
## **9 Tangible Fixed Assets**
|**Tangible Fixed Assets**||||
|---|---|---|---|
||Freehold|Equipment &||
||Land and|Fixtures and||
||Buildings|Fittings|**Total**|
||£|£|**£**|
|Cost as at 1st January 2023|1,020,500|20,569|**1,041,069**|
|Additions|-|10,528|**10,528**|
||`──────────`|
`──────────`|`──────────`|
|Cost as at 31st December 2023|**1,020,500**|**31,097**|**1,051,597**|
||`──────────`|
`──────────`|`──────────`|
|Depreciation as at 1st January 2023|-|10,521|**10,521**|
|Depreciation Charge|-|7,774|**7,774**|
||`──────────`|
`──────────`|`──────────`|
|Depreciation as at 31st December 2023|-|18,295|**18,295**|
||`──────────`|
`──────────`|`──────────`|
||`──────────`|
`──────────`|`──────────`|
|Net Book Value as at 31st December 2023|**1,020,500**|**12,802**|**1,033,302**|
||`──────────`|
`──────────`|`──────────`|
|Net Book Value as at 31st December 2022|1,020,500|10,048|1,030,548|
The land and buildings held by the church compromise of: St George's Church Hall St Martin's Church, Church Hall and Field 18 Ivy Road 92 Barnaby Road
These buildings and land are held at the original cost.
## **10 Debtors**
|**Debtors**|||
|---|---|---|
||**2023**|**2022**|
||**£**|£|
|Trade Debtors|3,999|3,237|
|Accrued Income|14,237|14,556|
|Prepayments|2,208|-|
||`──────────`|`──────────`|
||20,444|17,793|
||`──────────`|`──────────`|
## **11 Creditors: amounts falling due within one year**
||**2023**|**2022**|
|---|---|---|
||**£**|£|
|Accruals|1,633|1,534|
|Trade Creditors|13,328|2,139|
|Deferred Income|22,098|2,318|
17
## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
|||`──────────`|`──────────`|
|---|---|---|---|
|||37,059|5,991|
|||`──────────`|`──────────`|
|**12 **|**Deferred Income**|||
|||**2023**|**2022**|
|||**£**|£|
||Balance at the beginning of the reporting period|2,318|-|
||Amount released to income|2,118|-|
||Amount deferred in year|21,898|2,318|
|||`──────────`|`──────────`|
||Balance at the end of the reporting period|22,098|2,318|
|||`──────────`|`──────────`|
At the end of the year, £22,098 was held as deferred income. This included 9 months of letting income on the Ivy Road property was recieved in advance and deposit payments for the Church 2024 weekend away.
## **13 Analysis of Charitable Funds**
## **Unrestricted Funds**
|**Unrestricted Funds**|||||||
|---|---|---|---|---|---|---|
||1 Jan 2023|Income|Expenditure|Gains/Loses|Transfers|**31 Dec 2023**|
||£|£|£|£|£|**£**|
|**Unrestricted**|||||||
|General|14|290,146|(275,128)|-|17,039|**32,071**|
|Life events|-|28,010|(13,943)|-|(14,067)|**-**|
|Property reserve|1,020,500|-|-|-|-|**1,020,500**|
|**Designated**|||||||
|Living well|2,255|357|(594)|-|-|**2,018**|
|Parish weekend|433|6,801|(7,234)|-|-|**-**|
|Projects and events|||||||
|(ministry)|1,946|17,523|(17,575)|-|-|**1,894**|
|St Martin's all-purpose|5,096|-|-|-|-|**5,096**|
|Thanksgiving fund|103,960|-|-|-|-|**103,960**|
||`──────────`|`──────────`|
`──────────`|
`──────────`|`──────────`|
`──────────`|
|**Total Unrestricted**|**1,134,204**|**342,837**|**(314,474)**|**-**|**2,972**|**1,165,539**|
||`──────────`|`──────────`|
`──────────`|
`──────────`|`──────────`|
`──────────`|
|**Restricted Funds**|||||||
|Argentina fund|1,926|-|-|-|-|**1,926**|
|Book of homilies|605|-|-|-|-|**605**|
|Church florists|-|242|(264)|-|22|**-**|
|Church hall fund|9,913|904|-|-|-|**10,817**|
|Development fund|7,198|2,734|(7,827)|-|-|**2,105**|
|Friends of St George's|11,374|3,079|(1,549)|-|(2,994)|**9,910**|
|Gifts|50|2,529|(2,579)|-|-|**-**|
|Men's events|40|-|-|-|-|40|
|Special reserve|656,228|-|-|45,318|-|**701,546**|
18
## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
||`──────────`|`──────────`|
`──────────`|
`──────────`|`──────────`|
`──────────`|
|---|---|---|---|---|---|---|
|**Total**|**687,334**|**9,488**|**(12,219)**|**45,318**|**(2,972)**|**726,949**|
||`──────────`|`──────────`|
`──────────`|
`──────────`|`──────────`|
`──────────`|
||`──────────`|`──────────`|
`──────────`|
`──────────`|`──────────`|
`──────────`|
|**Total Funds**|**1,821,538**|**352,325**|**(326,693)**|**45,318**|**-**|**1,892,488**|
||`──────────`|`──────────`|
`──────────`|
`──────────`|`──────────`|
`──────────`|
|**_Analysis of Charitable_**|**_Funds Cont._**||||||
||1 Jan 2022|Income|Expenditure|Gains/Loses|Transfers|**31 Dec 2022**|
||£|£|£|£|£|**£**|
|**Unrestricted**|||||||
|General|3,118|238,277|(272,092)|-|30,711|**14**|
|Property reserve|1,020,500|-|-|-|-|**1,020,500**|
|**Designated**|||||||
|Living well|1,944|416|(105)|-|-|**2,255**|
|Parish weekend|3,009|4,834|(7,410)|-|-|**433**|
|Projects and events|||||||
|(ministry)|-|10,461|(8,515)|-|-|**1,946**|
|St Martin's all-purpose|5,096|-|-|-|-|**5,096**|
|Thanksgiving fund|134,721|-|-|-|(30,761)|**103,960**|
||`──────────`|`──────────`|
`──────────`|
`──────────`|`──────────`|
`──────────`|
|**Total Unrestricted**|**1,168,388**|**253,988**|**(288,122)**|**-**|**(50)**|**1,134,204**|
||`──────────`|`──────────`|
`──────────`|
`──────────`|`──────────`|
`──────────`|
|**Restricted Funds**|||||||
|Argentina fund|1,926|-|-|-|-|**1,926**|
|Book of homilies|605|-|-|-|-|**605**|
|Church florists|79|-|(129)|-|50|**-**|
|Church hall fund|8,812|1,101|-|-|-|**9,913**|
|Development fund|6,055|2,403|(1,260)|-|-|**7,198**|
|Friends of St George's|9,239|4,985|(2,850)|-|-|**11,374**|
|Gifts|-|50|-|-|-|**50**|
|Men's events|40|-|-|-|-|**40**|
|Special reserve|760,074|-|-|(103,846)|-|**656,228**|
||`──────────`|`──────────`|
`──────────`|
`──────────`|`──────────`|
`──────────`|
|**Total**|**786,830**|**8,539**|**(4,239)**|**(103,846)**|**50**|**687,334**|
||`──────────`|`──────────`|
`──────────`|
`──────────`|`──────────`|
`──────────`|
||`──────────`|`──────────`|
`──────────`|
`──────────`|`──────────`|
`──────────`|
|**Total Funds**|**1,955,218**|**262,527**|**(292,361)**|**(103,846)**|**-**|**1,821,538**|
||`──────────`|`──────────`|
`──────────`|
`──────────`|`──────────`|
`──────────`|
## **Fund Transfers**
Friends of St George's Friends of St George's purchased a new choir frontal & tables, within the restrictions of the fund, the asset was transferred to the general fund when capitised for the purpose of depreciation.
19
## **St George's Church Poynton**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
## **Fund Descriptions**
## **Unrestricted Funds**
Property Reserve Life events
A fund to hold organisations Land and Buildings.
This fund is for administrative purposes, tracking the income and expenditure of life events that are held under the general fund
## **Designated Funds**
Thanksgiving fund
Projects and events (ministry) Living Well St Martin's all-purpose
Parish weekend
A fund set aside for reserves to be used by the PCC as and when required.
Funds held for the church projects and events Dementia Support Group To be used for the benefit of St Martin's Church at the direction of the PCC
To be used for special purposes for the Parish Weekend as directed by the PCC
## **Restricted Funds**
Argentina Fund Book of homilies Church florists Church hall fund Development fund
Friends of St George's
Special reserve
To support team visits to and from Argentina and the churches For the preservation and display of the Book of Homilies For the provision of flowers in St George's Church For the renewal or upgrading of St George's Church Hall facilities An ongoing appeal for improvements/alterations to PCC properties and installations
Funds to be used at the direction of the PCC for improvements to church properties and related fixtures
For ecclesiastical purposes within the parish
20
**Year Ended 31st December 2023**
## **St George's Church Poynton**
## **Notes to the Financial Statements**
## **14 Analysis of net assets between funds**
||Unrestricted|Restricted|
**Total**|
|---|---|---|---|
||Funds|Funds|**Funds 2023**|
||£|£|**£**|
|Fixed Assets|1,033,302|701,545|**1,734,847**|
|Current Assets|169,297|25,403|**194,700**|
|Creditors less than 1 year|(37,059)|-|**(37,059)**|
||`──────────`|`──────────`|
`──────────`|
||1,165,540|726,948|**1,892,488**|
||`──────────`|`──────────`|
`──────────`|
||Unrestricted|Restricted|
Total Funds|
||Funds|Funds|2022|
||£|£|£|
|Fixed Assets|1,030,548|656,227|1,686,775|
|Current Assets|109,648|31,105|140,753|
|Creditors less than 1 year|(5,991)|-|(5,991)|
||`──────────`|`──────────`|
`──────────`|
||1,134,205|687,332|1,821,537|
||`──────────`|`──────────`|
`──────────`|
## **15 Consecrated land and buildings and other church property**
The PCC has the use of the church property which is excluded from the accounts by virtue of s.10(2) of the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised where appropriate and allocated to the appropriate fixed asset category. The church halls and certain clergy accommodations are held in trust by the Chester Diocesan Fund on behalf of the PCC. These properties are essential for the mission of the church and have been in use for many years. Accordingly, they have not been capitalised as there is insufficient cost information and their depreciated cost is unlikely to be material. All expenditure on consecrated or benefice buildings is written off in the year of expenditure.
## **16 Related party transactions**
During the year a donation of £1,500 (2022: £1,250) was made to the charity Just Ice Poynton (Reg charity no 1191728), to further the work the charity was doing within the area to help people who have been rescued from slavery. This is a related party transaction due to Rev Christine Buckley serving as a trustee on both St George's Church Poynton and Just Ice Poynton.
During the year a donation of £1,500 was made to the charity Christians in Schools Trust (Reg charity no 1019848). This is a related party transaction due to Gillian Golding serving as a trustee on both St George's Church Poynton and Christians in Schools Trust.
21
## **Document History**
|**Document History**|||
|---|---|---|
|SignNow E-Signature Audit Log|All dates expressed in MM/DD/YYYY (US)||
|**Document name:**|Poynton Parish - 2023 - Accounts - To Sign v2||
|**Document created:**|07/25/2024 10:07:26||
|**Document pages:**|23||
|**Document ID:**|95a352a30d85467ea31f5dc501f6d8fe044ab488||
|**Document Sent:**|07/25/2024 10:09:23 UTC||
|**Document Status:**|Pending||
||07/25/2024 11:44:17UTC||
|**Sender:**|office@wyattandco.net||
|**Signers:**|treasurer@poyntonparishchurch.org, nigel@wyattandco.net||
|**CC:**|Lizzy@wyattandco.net, tim@wyattandco.net||
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|---|---|---|---|---|---|
|SignNow Web Application|Uploaded the Document|office@wyattandco.net|07/25/2024 10:07:26 am UTC|07/25/2024 10:07:19 am UTC|90.242.64.18|
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|SignNow Web Application|Invite Sent to:
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|SignNow Web Application|Viewed the Document|treasurer@poyntonparishchurch.org|07/25/2024 11:41:43 am UTC|07/25/2024 11:41:43 am UTC|92.15.180.225|
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|SignNow Web Application|Signed the Document|treasurer@poyntonparishchurch.org|07/25/2024 11:44:17 am UTC|07/25/2024 11:44:17 am UTC|92.15.180.225|
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|||||||