PCC OF BROUGHTON Financlal slatements for the year ended 31 De￿rnber 20 23 PCC OF BROUGH LEG Rev CwK)n F Qeen M Anson G B4b*ll P Brar c8￿Y C thjper M Ccwr*r T Eves Rev N Giln B Hurley L U¥lln C McAteer D Millbank K Morris P Moss RevPT• V TtrK>rnley C￿n A fitterington J Titterirtyn B TownserKI D Ward P Ward Incumbent and PCC Ch•lr Rev F Green Treasurer Mr J TltterlrKJton Secretary Mrs M CoU￿r Ch•rfty R•glstr•tlon Numb•r 1134595 Prlnelpal addre St. Martin's H¢￿se Ful￿￿K#j Preston PR2 9TP Independent examlner Mr S Wors%*k BA FC4 Snmth & Gouldlng Llmlted 2 ￿Uth[￿ Road PR7 IL8 li PCC OF BR CONTENTS Trustees report IrKlependent eknminerfs report statement of financial actNitses BalarKE S Notss to the aco)unts PCC OF BROUGHTON TRUSTEES• REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present tP*ir reFOt and accwnts ts the yw ended 31 D￿e[rt￿ 2023. The aCC￿jnts have ieen kYekpr&J in aCc￿dan￿ with the accwnting ￿1cleS set wt kn the nrtes to the xcounts and comply with the Charlty's wrfemlrrfJ the O)arftks Act 2011 and "kcounting and Re￿rtIng ty a)arftles: SL4teMt¢y Recommendp)J Practkeapplicatleto charltles weparing their accounts in accJJdance with the Financlal Reiiytlng Stsndard aFvlic￿e in the UK and Rewblic ¢* Ireland (FRS 102) (effective l January 20L9)". Objectlves and A¢tlvities The prlmary cbjertfve rf the KC 6 the clthe C<6rel of Our Ltrd Jesu5 Chrlst ￿CordIng to the (k(trlne5 and FTrCtlces of the thurch of EnglarKJ. The Ffc will ctrcwate with the derty in w￿Ing In the par15h the whole mlsstn of the (hurchi PaSt(nl, evryllstk, slxlal and eoJffthical. Publk Benefft Statorn When planniTrJcvr activlties ftxthe year, the PCC have CI￿51￿redthe C(¥nmi55ion'5 gUithD￿ wt4K tenefft and, In partloJlar,the suWefftntsryWidan￿￿ chariti% the advanCe￿nt￿ rel￿tr￿. The Ffc try to enabte c¢dinary ple to lfve wt their faith as part ¢A wr part5h c£￿￿￿nity thYc#W: Wc#5hlp and wayer Leaming èl￿Jt the Devetying thelr and tnjst In Jesus. Pmisth d ￿storal care Fer* lfvln9 In the whjw p¥sh, Mlssionary and outreach WLJk. To facllltstethiswry* Impjtsnt mat we malntalnthe faLYk ctthe partsh thurth, st.john Ba(*ist and St. Martln's ChaFellParfsh Hall. St. Peterfs thapel Is within St. Peterfs ￿Urch cl Eng￿nd Prin￿ry Schtrj and rnaintenance is the resw)nslbillty ofLancashlre CoJnty c￿nCil. The ntw St. Martin's wascw￿etthl in August 2023. The wjjett induthd new affrrtabk houslng develcpd by cwr partner h￿Skng asscthtlcm, Re£Mda Plcffle5 as wem as the Chawl and Parlsh Hall Brcwghtcm Parlsh In the ontre crf Fulwcth1 (TrF4aclng the Icfflier Parish Ham). Athl•vom•nts and Pwf0rn￿n¢e Durtng the year the PCC rrt ts slx scheduled n**lr)95. Mahy trylcs dlsoJs*J I￿luc￿. Flnance, Parlsh thurch intenan￿, theconstructkn WO)￿lat St. Martln's, FulwcKqJ; health and safety pjlry, safe frryn harm wttedurEs, the (kvelopnent of Sunday Schcds {St. John's and St. Peterfs - Jlgsaw) and Me55y Church, gJJcatth courses and ciJr(rttunlties, and fund ralslng an for the fi>tures, fitt[r￿S and landscaplng of the new St. Martln's apel/Parish Hall. St. ￿)rtIn5 is being used $￿en days a week fcr ￿rIsh and cc¥nmunity &ti¥ities. The fijll kitthen facllltlesallcm the ￿rIsh to host a year-rwndwarm we1cc￿* spa￿ reathlng (yjt to those who a￿ Icfflely, In need crf SUPFCrt cff ccA)cemed atojt en￿ t4115. Rewesentatpie merter5 (*the p￿ ￿t (Y) the D6?￿ Sync¢ arKI a PCC TrRml%r 6 ￿ the Deanwy Synryj Standlng Commlttee serving as Deanery Syncxl Secr*ary. ThFs tYrNh*s the w5th an lmk¥Jt￿It Ilnk wlth the wlder struttures of the church. SO￿ nRmbws rf the wrlsh a￿ unatrle to attend churth (kn to sickntss J)d age. The dergy visit all church rremws who have rewested it to olebrnte Ccrnn1￿ them ekner at theK hcynes c( n hc6ts1. A Bi"V￿kIY Wcfshlp from HO￿ pck Is sent vla email ty (*livered ty h•)d to h￿$e-b￿1)d Fofish#xers. The sheet is sent vla emall to houstholds on Nuest. The artfvities withK)the pwtsh a￿ repxted wi the nKnthty magazkne, L￿tk￿* aThJ the sheet. The parish has a webSIte(ref￿Shed In 2023), Facet(th and Twlttw aCc￿nts. The frAkMlng c￿)Mittee5 serve the thurch and Its actfvI￿. Land BuihJSng5 Fund rai￿n9 and Sc£ial St. Martin's Project T&im He*th and Safety Safeguardlng Ccmmunlcations SteNardship Stsnding ccfflmttt*. iv PCC OF BROUGHTON STEEV REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 E￿Men1¢al Relatlonghlps The churd) is a memter cl the eojrMn￿ corfenant Churches Tiyxthtr In Fulwc<#l aThY Flnandal Revlew Trtal receipts cn unre5tric*l fiJn(b WWE £165,763 E71,458 was unrestri¢led voluntsry thnations and a further £21,868 was rectywed under the (Ift AKI sthen*. The trtal eypendthrefrryn unrestridedfynd5 In(￿ding the(￿trI￿t￿n to the d6c£Ésan parlsh share, thlch tmldes ftr the Stiky￿S and I￿￿5￿ng fty the dry, was £139,973. ConstNctkffi of the new St. Martin's cha￿vparith Hall 2rl A￿1 2022 and was Conk￿eted cn 18th August 2023, The fixed ojntract Sum is £TII620.18. Fees fw the will exce&l £70,C((I. The net result for the year was a Sury￿u$ ￿ wicome ¢Ner ex￿￿tLye frtyn unrestrkteAI funts of £25,7fA). At 31 Decemter 2023 the PCC had a balano ￿ u￿￿trICteAl funds (A £l,i))3,345. Thls kncludes £2KI,C¢Q whkh has teen ¢*slgnated for the develO￿t I￿ mi55ion and w￿shIP ar￿ £IC(I,CKA) th$[￿at￿l for capltal wojects at st. John'5. The restricted fund5 at 31 D￿ernt￿r 2023 totslled £70,757. A 8reakthThvn dthe restrkted fiJnd515 shown In the nL*es to the accounts. ReMrve• Pollcy The PCC C(￿510er that they Sh￿by hdd ¢y* years, average e>wK*ure In bank accwnts and easlty reallsalle Investrr*nts which has Lw) achleved thff￿gI￿t the year. Voluntews The PCC wLwld Ilke to thankall the vOluntwsw￿fflYk so to nNikewr thurch the Ilvety arKI vlLYant Lrffimunty that It ts. The method of aN￿4ntment d PCC merthrs Is set wt in the thurth RepYe5entatth Rule5. The KC is registered wilh the Charity cixnmlssi￿ {(Jarity ￿￿tEr 1134595). The meMt￿r5h￿0f the PCC ccnslstscrfthe knCUMt￿nt, churchwarthns, parlsh deryy and n*mt*s el&ted ty those rr*mLws of the congrWILY) who a￿ ￿ the e￿[￿al rdl crf the church. ￿1 th¢w who attend servitss I rr*mL*rs of the congregatlm are enc￿ra￿l to r4lster the Ekttual Rdl and stand for electton to the PCC. The PCC memLEts are ￿5￿￿}sIt￿ making (kni51C￿5 (n all rrotters d g￿eral ccmcem and 111>)rtsn￿ to the parish nduding h(yN the fund5 dthe Ffc are s￿1t. N&Y ￿1Ve intial training in to the workings d the The PCC memters regulartyassessthe maj¢x risks to which the is exFr6eJ and a￿ satsfial that systems are In fv to M[t￿te eywure to the risks. PCC OF BROUGHTOH TRUSTEESY REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Admlnlstratlve Infom PCC of B￿JghtC￿ Is part rrf the Di￿eser￿ Blacklwmwlthln tre(hurth d Er¥Jbnd.The cclresp￿den￿ add￿$ is St Martin's Hcuse, 25 Fknrthway, fvlw(%Jl, kve5t￿ PR2 9Tr. Tr FCC is a bjty ￿￿xate (KC Pthvets measu￿ 1956, Churth Rewe$entst￿￿ Rules 2CK6) and a tharty regster¥J with the Chtrky CL¥nm1ssv￿. mters who have seryed thrin9 the year are: Rev Cancn F (knen M Anscn G Bagwell P Brand C Bucklty C COu￿r M C£AJro T Eves Rev N (aimcwr B Hurley L Laflin C McAteer D Mlllt*nk K Morris Pmtss Rev P Tayl V Thfjnley Canm A Tltterfngton J Mtterlwt B Trmnsend D Ward P Ward srATEMEiif OF TRUSTEES, RESPONSIBILMES The Tnjstees are restthslble ftjr we￿ring the TrusLees' Repxi arKI the accwnts In ac£c¥darKe wtth aFf41cable law and Unlted KIn￿ ku￿ntI￿j StafKlard5 (iknted Kir￿kn Ge￿ra1￿ kreoed 1£C￿ntIr￿1 pract1￿). The law appllcable to charttles kn ErKJtandand Wales wi￿5 theTrUSt￿ to wepare accwnts fc*each flnandal year whkh glve a true and falr vw clthe state d affa0￿ ofthe (￿rity and cl the kncoming reS￿rCeS and awlication of resojrces of the fcf that year. In ￿eparing these acC￿nts, the Trustees a￿ rawlred to: - selett suknt4e accounting ONies and then appty them C(￿siSt￿￿t￿. . c*6etve the [rEth￿ and wnaple5 in the Charttie5 S￿{P. . make judgenkmts and e5tirnates that are reas(￿aL￿e and rAudent; - state WhetherapJiCal￿e aLr(xJntirwJstandard5 havetwi ftjfkhyal, subfvttto any materfal de￿rtu￿ dls¢lc6ed and exF4ained in the accounts: and . wepare the accC￿nts (n the4r¥ng crxKem b￿5 unk5s ft is Ina￿qite to F￿eSu￿￿ that the chartty wlll continue In cperatlon. The TruStee$a￿ RspJnsibÈfcr keeping suffiaent acc￿nting re(￿d5 that di￿k)se wth reasonaNe accurdcy at any tlme the finanoal ￿{tIon d the and enatle them to ensure that the aCc￿nts c(xnply with the (￿ar[tIeS Att 2011, the aFdlcatAe Charlty (kcounts and ReF*Nts) RegukitiLY15, cuirent Churrh kccuntiTrJ Regulaticns and the OVISiQY150fthe Trustdeed. They are also resF(ftslbleft* saf8watlngthe assets ￿ the and hencetr tsklng rea5￿able steps fcr the kyeVentlL￿ deteLtkn (rffraud (rther inEwlaritEs. Ap￿e￿￿ by the FIX on d spwed ￿ ther tehalf by: Rev Ginrm F Green (Kc a)alr) NDEPENDEMT EXAMINE PCC OF BROUGHTON I report to the TNstees on my eX￿InatiON of the accounts of PCC of for thè yèar endèd 31 D8c8ntsr 2023. which are sel out on pages iv to K¥ii. RMponslbllMlo8 basls of report As the Trustegs of thecharftyyou arg respons1￿0 fortho weparntion dtho ac4xJunls in accottlanc* wlth Ihe requlremgnts of the Charibe$ Act 2011fth• A¢t'l. I report in re$poc* of my 8x•minab"onofth¢ Tru•t•è'8 •cs8 noolherrngtknrn In o￿n￿￿OnwIth thoexarymnglcn towhlc* attgnlon Jhould bo drnwn in this report In orderto enable 8 pnJperunder*anding of the accounts to b8 r•g¢h•d. Slmon Worswkx B.I F.CA Date vii PCC OF BROUGHTON STATEMENT F FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 DECEMBER 2023 202> INCOME AND ENDOWVENTS FROM: Donatths afKI legacies aritable artNities IrKfft frryn InVestn￿nts 2(a) 2(d) 2(c) 154,238 I￿,(my) 23,517 277,755 162,648 11,525 165,763 Ll,525 289,Mi 4,637 167,285 TOTAL INCOME Ico,( 23,517 EXPEIIDMIRE ON: Provlslon af n￿nISty and mlsslon Fund ralsing costs Padsh hall njnning eynses TOTAL EXPENDrnIRE 5(a) 139,973 18 131,702 271,693 105,173 5(b) 93,973 131,702 271,693 105,173 NEf INCOMEIEXPE14DrnIRE Gains (Losses) on tanglble fixed 25,Nl 93,W (iCB,185) 17,587 62,112 qa) (9,503) Galn5 IIc65e5) ￿ investnEnts On revaluati Transfas betW￿n funts 6(b) io 5,855 (8,305) NEf MOVEMEiff IN FUNDS 99.￿ {102,3X)) 23,4 BALANCES BIFWD I JAWARY 643,186 2•10,377 IT3,087 1,056,650 1,012,346 8AL4NCES CIFWD 31 DE￿MBER 6&9.986 ￿,359 70.757 I.0￿.]02 1.056.650 The IxeakdryNn cf the 2020 lEtWe￿ the unrestrwthl, reStr￿d￿K1 ￿(￿rtMent(unts in ncrte 10 page PCC OF BROUGHTON 2023 2022 Flxed AsAts Tanglile fixed assets Investn*nts 3,052 63,591 505.CQ4 62,n9 Stccks 285 Sundry detrkcrs and tyepayments Cash at bank and In hand 2.038 151,758 153,9S3 486,973 489,144 n•nt Ll•bllltl CredIt￿S (4fJ7) (227) Nat Curmnt A••et• 153.456 I,0￿,102 488,917 1,056,69) Total 14•t ASM The Funds of the Ch Re5tr1Lted fvn(ts li 173,Cfj7 Unrestrfrted fvnds: Deslgnated funts other chafftairfe funds 12 1,359 24J,377 643,186 I,0￿,650 12 Total Charity Funds I,QW,102 the Parc£hial thurch Cwn(il c and swed its lthlf ty: Rev can¢￿ F (knen (KC (halrj ix PCC OF BROUGHTON NOTES TO THE FIMANCIAL STATEMEN R THE YEAR ENDED 31 DECEMBER 2023 I. ACCOUNTING POUCIES Acco￿tIng Convention The accounts have t*en werored in wlth the ajrremt (Thurch kcrAJntlng R&wlatlcffis tctyher w*h the 4Krounting OKles set in the notes to the accwnts and ccthth wlth the Charlty's gy4emlng CurI￿t, the Ctharitles kt 2011 and.￿c￿ntIng and fte￿rting ty (harities.. Statement of RecomrrMded Practke aFpllcabk to charltle5 thelr accthjnts kn accc*thnce with the FIn￿Ck￿l Re￿￿tIng Standard apr41catle in the UK and RewLlk of Ireland {FRS 102) (effectNe l January 2019)", The Qbarlty Is a Publk Benefit Entty a5 (kfmed try FRS 102. The accountshave {￿part￿ from the char￿￿5 (ktwnts arnd Rewxts) Regulatlons 21J)8 to the extent requi￿ to Ffcwide a tNe and fair vlew. Thls departure has invofved [c41D￿￿n9 the Statement crf ReconNnenthl pract1￿ chwlies arthlng FRS 102 rnther thèn the v￿5￿on of the Statement c( RecoM￿¢*d Practlce whSch Is refeTh￿ to In the Re￿lat￿S whid) has slnce wlthdrnwn. The accwnts are ryeFored In sterllng, whlth Is the (unttKx￿I thfray rf the charty. Trknetary anmijnts In these flnancLal statements are r￿n￿￿ to the newest £. The financlal statevrmts have iwi Fwared underthe histrtal c£* £￿venth￿ the valuatlon ct Investn*nt assets, whkh are shNn at mrket value. The f￿ancIal Sta¢en￿ts4ncludeoll ￿sart￿n5, assets and Ilabllltles for which the rcc Is r￿￿￿￿tIe In law. Golng Concem At the time of amirKJ the amnts, the Trustees have a rnascnable exFettathx that the Chadty has adèjuate re50urcE5 to c￿tinUe in yrational eyjstence ft* the fcKeseeabk fvture, Thus the Trustees cwtinue to ad￿ the ￿￿n9 0￿Cern basis dac(xJJnting Hi weparing the accoJnts. There are no ff￿terfal uncertainties thit the Charity'5 &Mlity to C￿tinUe. Funds Restrirted fvnds represent (knatths or ￿ants rKthed ts a (Y cknSectlve. The fiJnds may only te exFended the srEcifK ¢*¥￿t which they were giva). Any tsIar￿ rerr47ining UnSp￿t at the end d each year rwst be cwrbj fm¥o(kd as a tkikn￿ cm that fund. un￿$t￿Cted funts a￿ fvnds whKh can tE Used PCC ithary wrttws. A (*slgnated fuTrJ Is eststlished ts eWdilu￿ whKth has teen Comm5tt￿l to wojerts txrt ruThikns unstent at the yaar end. PCC OF BROUGHTON TO THE FINANCI ENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Incornlng Resourc These are Includ￿ in the Statement d Fknandal ktfvltles (SOFA) when: l. the KC l￿mieS *gally entitled to the benefft rl use d the re5(yJrces; 2, an Infl￿￿1 Ofe￿ornIC tenefft Is pYctht4e: 3, the mnetary value can LE measured wlth suffKlent rElhitxlny. Liabilities are reccgnised as as an ¢JJtlkAY cl ec(XKrt be￿ 55 fvtle. Ci*s are Included In the acccvnts gw Ir￿￿lIng *￿er&￿e VAT. Flxqd ABsots Consecrabjand i￿nefi￿ tyoperty ts nc¢ IrKluded In the lknandal statenMts In aCCcrf￿ce wth s. 10 ￿ the arftks kt 2011. Flxed asset Investments are knltlalty n￿Sured at transacthj) exckjding trnnsèrttm casts, are sutsewently measured at falr value at each rewtlNJ date. thanges Sn tsir value a￿ r&egnlzed in rrtt Incoff*/(exFendRure) for the yew. Transact1￿ cc6ts are expenseA as Incurred. Stccks are stated at the lower cl ccst estimated sellng less casts to comrAete and sell. Items hekl distribjticn at no or nominal conslt*ratkn atp Measu1￿ at a￿t. Gish and cAsh equlv•lwts Cash and cash equtvalents Include cash in hand, (*￿Sit$ hekl at call wth IA7nks, other ShOrt-te￿ liquid vestmertswlth C*￿￿al maturities of th￿e nKmthsty Èss. and ￿k tyerdrafts. Bank CNerthafts are sPthn within LxJrrowing5 In Cu￿nt lfiabilrties. xi FBR UGHTON NOTES TO THE FINANCIAL sfATEMEN FOR THE YEAR ENDED 31 DECEMBER 2023 INCOMING RESOURCES VUNDS 202> 2(a) Donations and legacies Planned givi Gift Aid Tax recebvable Cther giving ￿￿￿lOnS Baptlsms, wethJIn￿ and furffiLs Dc￿at11￿5 and legacies Funrt1¢￿S and fund raiswig FkC*Jl￿tIng Magazlne Incon Chiklrens. Minlsty~ c*slgnated l¢JThJ St Martln's H￿se cc¢)trbJtlc Grants ¢kner Incixne 59,274 21,868 59,274 21,868 56,578 18,880 12,184 12,184 7,685 23.517 153.489 B,148 10,284 57,163 5,412 1,575 29.9n ICO,CxY) 1,505 1,378 1.378 8,761 710 8,761 710 2,030 553 23 517 277 755 2(c) Income from Inve•tmefflts Rentsl Incoff te￿t and dfvldents recehabk LOYEES The average number rf empltrffts the yew was: 2023 Number 2022 Athrinistrat There were no eryloyee5 wfi05e annual v￿e £￿,(￿￿• or ￿￿￿e. PCC OF BROUGHTON8 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 TRANSACTlOt4S Wrnl MEMBERS OF ThE PCC AND R￿TED PAIYllES The Vicar is a nEmber rrf the FICC Sheis thedKKese. She r￿1Vese>p￿ses the rpenses TOTAL EXPENDMIRE 5(b) 93,974 21.442 11,199 •J,293 105,173 62.112 NEf INCOME/EXPENDmiRE Galns (Lc6ses) on waluatIt￿ tanglble flxed assets Galns {Losses) cfi Investment assets 377 (9,503) (9,503) On re4aluatlc (8,3X)) {8,305) Transfers tetween fun¢6 NEf MOVEMENf IN FUNDS 11,964 631222 643,186 31,963 44,304 141,124 1,012,346 173,087 1,OS5,650 BALAN￿5 BIFWD I IANUARY BALANCES QFWD 31 DE￿NBER 240,1￿0 240,377 C OF BROUGHTON NOTES TO THE FINANCIAL STATEMENTS OR THE YEAR EMDED 31 DECEMBER 2023 ii. FUNDS Organ apFeal Funds raisd kn the re[laC￿￿t d the oryan. olr fvnd B￿ts recerrfffl fo ￿￿1n￿1n the ch(xal nw5ic in churth. Walktrs and tslker5 fund Re5ithe ￿ funts hekl ￿ i*half (* the walk￿5 JKI talke￿ grcup. St Martlns fkvelc￿nt fund DLv)atirns ￿ceIved tcwanls the ￿c￿nEnt. Fund• Movrnt In funds Balance at 31 December 2023 7,249 63,475 33 l Janu 2023 7,249 76,329 33 27,1)Xi IrKcthe EyndltuR Revaluat RestriC£ed - (kgan appeal RestriL1ed - (J)olr ftjnd RestrfL1ed - Walkers and talker5 RestdLled- S￿jrce heat Restrlcted- Kltchen Re5trlcted- St. mat￿n,$ devekwent De5kJnated -Missth and wcrshlp fund De5ignated- Children's Mlnlsty Designated St Jthn's projects Unrestricted Fund T¢)tal Fund5 {18,709) 5,855 {30,(KX)} (5,C(M)) (77,993) 57,476 20,517 240,(MM) 3TI 240,0 359 (18) Iw,(Mx) 643 186 165 763 1056 289 283 Ico,LNJo io 271693 1080 102 Iz ANALYSIS OF NEf ASSEfs BEIWEEN FUNDS Unrestrfcted En(knvnRnt Total Tanglble fixed assets InvestffEnts Current Assets Creiltcrs.. arbKiunts falling L*Je wthln year )3,052 310 i4￿,4 (497) 863,052 63,594 153,953 {497) 7,473 xvii