## **PCC Secretary’s Report for 2024** I hope you have a copy of the paperwork for this evening, containing the agenda for this meeting, together with reports from the PCC committees and the parish organisations, which will, I hope show how blessed we are with so many volunteers. We are grateful for all they do, particularly for the young people in the Parish. January saw the retirement of John Catterall after 58 years as Choirmaster at Broughton and an Evensong attended by many ex-choristers and families. He didn’t want a fuss, but was obviously thrilled to see so many past choristers and he seemed to know them all! Thank you to the Social Committee for the refreshments afterwards. Harry Spencer had been interviewed by Fleur and Brendan Hurley and appointed to take over the role of Musical Director. The PCC met on six occasions in 2024 considering a variety of topics, with an attendance level of approx 80%. There are seven subcommittees of the PCC which meet and bring reports to the bymonthly PCC meetings. The Standing Committee meets primarily to discuss and agree the agenda for the each PCC meeting, the first of which was in January. Safeguarding is an important item on each agenda and we are most grateful to our Safeguarding Officers Lorna Laflin and Vicki Thornley who keep the Parish compliant in constantly changing legislation, and ensure we fulfil our obligations. It was good to hear at this meeting that there is to be First Aid Training for leaders of Messy Church, St. John’s and St. Peter’s Jigsaws in March. A small subcommittee met in February, and reported to the March PCC meeting, with initial thoughts and plans for a Stewardship Campaign which was to be launched across all three Worship Centres on the 21[st] April. Called Time, Talents and Treasure, it was focus on a combination of giving time and talents and also financial giving to church. The campaign continued through to September/October when the Treasurer was able to report an increase in giving and we were able to welcome some new volunteers. It was this committee that considered moving to a one parish logo and a short strapline. Nathaniel, and Sam Walmsley brought a number of designs, and a consensus of one design, with modifications from Vicki Thornley resulted in the new logo. The first meeting after the Annual Meetings was, as usual, mainly a business meeting. Then Fleur explained about a service change at St. John’s where the second Sunday morning of the month was to be Eucharist. The Jigsaw children and Parents at both St. John’s and St. Peter’s were to begin and end in church. Under Safeguarding, Vicki was trying to complete an up-to-date list of Volunteers and she had also included a Lone Worker Policy. This was approved by the PCC and added to the list of Policies. At the July meeting, Nathaniel gave us an insight into his recent placement in Australia, where he said the parishes were similar to here, but covered larger areas. No walking from one church to another. The congregations were generally older, with few families and no links to local schools. He said he had enjoyed the experience but was happy to be back in Broughton On a Safeguarding issue, Vicki was concerned about a person sleeping rough at the Parish Hall. There were a few concerns expressed and Vicki took advice from the local PSCO and a contract was drafted and agreed. As a Parish we were committed to help him and a Mental Health Social Worker had given advice. Vicki asked that we pray for him to find peace and reach out for support. At the September PCC meeting, Fleur placed on record the increased number of parents and children who were in St. John’s and St. Peter’s for the start of the new term of Jigsaw. The new service Faith at 4 was to begin on the next Saturday at St. Martin’s and Messy Church would continue on the 4[th] Saturday of the month at St.Peter’s. There was a review of events from the Fundraising and Social Committee since the last PCC meeting, together with forward planning. The Parish has been selected as part of the Net Zero Carbon Demonstrator Churches Project and been awarded £18K. Progress on this was pending the receipt of a report from Mantis Energy. There are further details in the Land&Buildings with Parish Hall Management report in the paperwork you have received. The November PCC meeting was the last for 2024. Preparations had begun for the 2025 Year of Growth and Renewal Vision 2026, with ideas for what we might do in Broughton Parish. The aim was to do a few things well, with a programme of Prayer, Study and Outreach running throughout the 2025. It was at this meeting that the PCC agreed unanimously to the quotation for the repair and restoration work to the Nave leaded and stained glass windows at St. John’s at an actual cost of £19,695 which is covered by money from a bequest. 2024 saw a very varied programme of events organised mainly by the Fundraising and Social Committee and we appreciate how much hard work goes into such events. Who can forget the Bingo caller’s sequinned trainers? Thank you to Knit and Natter for all their hard work in making such delightful Easter and Christmas decorations. Warm Welcome Spaces completed its first full year at the Parish Hall, fulfilling its role of welcome, friendship and so much more, and continuing through the summer months. Thank you so much to the volunteers and particularly to Vicki and her willing team who provide the various refreshments. In the Parish Office, thank you to Kath and Barry who help Vicki, to Kath who deals with the Food Bank items, kindly donated by the parishioners. Vicki really does go above and beyond her role of Parish Administrator and, as a Parish, we are indebted to her for all that she does. Where would we be without her Posters? I, for one, am grateful for all the collating and printing of tonight’s paperwork. Thank you Vicki. Marilyn Couper, Secretary Charity reglstratlon number 1134595 PCC OF BROUGHTON ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 PCC OF BROUGHTON LEGAL AND ADMINISTRATIVE INFORMATION Tn￿ta&S Rev Car￿n F Graon G 8agwell M Couper Rev N Gilmour B Hurley L Laflin C MeAteer K Morris P Mos5 Rev P Taylc V Thornley Canon A fitterlngton J rrtteringlon B Townsend D Wdid P ￿tsrd M An$on C Couper Officer roles Rev Canon F Green J Tittgringtc M Couper Incumb8nt and PCC Chair Treasurer Secretary Charlty number 1134595 Principal addre$8 St Mattn's Chapel 8nd Parlsh Hall BroaLfvAy F￿Wc￿d Preston Lancashire PR9 2Th Indgpendent exarniner Da￿d Wc*)d Wlson BA FCA Hindle Jepson & Jennings Ltd 10 Borough Road Damen L8ncashire BB31PL PCC OF BROUGHTON CONTENTS Page TNstee's report Independent examinerfs rep)rt Statement of financial activth'es Balance 8h88t Notes to the financial statements 8-16 PCC OF BROUGHTON TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and finanei* statements for the year endad 31 08camt•r 2024. The financial *atem￿ts have been prepared in ac£ordance with the a¢crM￿t6ng pdiaes Set (yjt In note 1 to the financial statemen15 and comply with the Charitys goveming documen( the Chaiitie5 Act 2011 and "Accounting and Reportbng by CharSlles'. Statement of Recommended Prath"ce appllcabk lo charth.es preparing their accounts in accordance wrth the Flnanaal Reporting Standard applicable in the UK and ReputAlc of Ireland {FRS 102)" {effectlve 1 January 20191. Objactivas and acti¥iti•s The primary obj'ective of the PCC is the promob.on of the Gospel of Our Lord Jesus Christ according to the doctrlnes and pradir*s of the chU￿h of England. The PCC cTroperate5 Wth the ¢lergy in promoting in the parish the ￿Ole mission of the Church, pastor81, evangalistic, swal and erJJmenical. Publlc Btn¢fit Ststsment When ￿annIng our activits'es for the year, the PCC have considered the Cofflmission's guidan¢e on publie benefrt and, in partioJlar, the supplementary guidance on tharilies for the alfvancemenl of ￿lIgIOn. The PCC try lo enable ordinary people lo live out their faith a8 part of our parish community through.. hip and PTay8r Leaming about the Gospel Develowng their knowledge and trust in Jesus Provision of pastoral care for people living in tt)e wider parish Missionary and outreach work To facilitate this work rt 15 important that we maintain the fabric of the parish thurch, St. John Baptist. and SL Martin's ChapeVParish Hall. Sl. P8terf$ Chapal is within St. P8tarf5 Church of England Primary School and malnlenan¢e is the responsibility of Lancashire County Council. The rwi St, Martin's was completed In August 2023. The project included new affordable housing developed by our partner housing association. Regenda Homes as well as the Chapel ond Parish Hall for Broughlon parish in the ￿ntre of Fulwood (replacing the bmer Parish Hall). PCC OF BROUGHTON TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achlevements and perfom)once SignrfKanf ac1lvrf￿S and achievon7ents ag8inst objedives During the year the PCC mel for six scheduled meetings. Major topics discu88ed included.. the development of Sunday Schools ISI. John's and St, Peterfs - Jigsaw), Messy Church. the addition of a Saturday service once month al SL Martin's,. Fina￿8, Fund Raising and S18wardship." Parish Church maintenance, planne(l ￿p1￿1 projects {induding an improved h&*ing system, repair of vlndows, stsir rails to tower, works lo church yard, and other quinquenni81 tssk81", health and safety policy, safeguardlng pro￿lUreS and reports on parish primary Schools. St. Martin's is being used 7 days a week for parish and communlty actlvities. The full kitch8n fac￿lti@5 allow the parish to host a year-round Warm Wèliy)me Space reaching out to those a￿ lonely, in need of support or concemed about energy bi115. Between 40-50 peoF4e atterKI each week. The new Parish HalVChap81 al SL Martin's Is used by communty groups, dasses and meetings all week al the hub of the parish. Representi￿1ve members of the PCC participate In the Deanery Synod, a PCC Mgmbgl Is on the Deangry Syn¢)d Stsnding Committee Se￿ing as Deanery Synod Secretsry and on the Blackbum Diocesan Synod. This provides the PCC with an important link with the wider struciures of the church. Some mernbers of the parish are un8ble to attend church due lo sid(ness age. The clergy visit dl church members who have requested it to celeLYale communKJn with them elther at their homas or in hospital.A bi-w8ekly rship from Home pack is sent via efflail or delivered by hand to house-t*)und parishioners. Tho Pow shgel is sent Vl8 email to households on request. The aCtI￿tIeS withln Ihe parlsh are reported in the mc¥)thly magazine Dutl&)K and the pew sheet, The parish has webste, Facebook and Xffwiller accounts. The folbwing committees seNe the church and its actNili&s.' Land and Buildings Fund Raising and Soaal Energy Projact Heatth and Safoty Safeguarding Communications Stowardship StsndSng Committee Ecumenlcal Relatlonshlps The church is a member of the ecumenical covenant Churches Together in Fu￿￿0d and Broughlon. Flnanclal revlew ReseNes poI￿Y It is the poli¢y of the Charity that unrestriGted funds which have not been designated for a $p8cffic use should bg maintained at a levd equivalent to befv￿en three and six month's expendrture. The trustees consider that reserves at Ihls levd wlll ensure that, In the event of a signrficant drop In funding. they wll be able lo continuo the Charity's Current aQivilies while Con￿deratIon is given lo ways in which addl￿Onal funds may be rai8ed. This ￿¥81 of reserves has been maintained throughout the year. Structur•p govgrnan¢g and managomont PCC of 8roughton Is part of the Diocese of Blackbuin within the Church of ErvJland. The C(￿espondence address is St. Mattin's Chapel and Parish Hall, Broar maknng deo$ions on all matters of general concem and importance to the part5h including how the funds of the PCC are spent. New members receive initlal Irainlng in to the workings of the pcc. The PCC members regularfy assess the major risks to whith lh8 parish 1$ exwsed and are satisfied that systsms are in place to mitigale exposure to the major risks. PCC OF BROUGHTON TRUSTEE'S REPORT (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Statementol trnstee'$ rn$pon$lbllitie¥ The trustees are responsible for preparing the Trustee's Report and thg financial Statements In accordance with applicable law and Unitgd Kiryjdom Accounting Standards (United ￿'ngdoM Generalty Accepted Accounting Practi￿1. The law applieabk lo tharilies in England and Wale$ requiros th¢ trustees to prepare financ4al statomants for èach )Inan￿al year whlL* give a true and fair v¢ew of the ststa of 8ffalrs of the CharNy and of the inooming rèsou￿$ 8nd appl¢alv)n of rsstsurces of the Charity for that year. In preparing these finanoial statemen18. the trtss18ès are required to: - 8eknt suilable a¢¢ounllng pollcles and then appty th&m Con￿stant￿.. - obsèrve the methods and princ4plas in tha Char￿•$ SORP- - make judgements and gstimatos that are reasonable and prudent", - state whether appl￿ble a¢xounting Standards have been followed. subject to any malerfal departures disdosed and explainad in financial statements,. and - wfrpare tho finanrAal stalements on going ￿nce1Th b8sls unless it is inapproprKate to presumg 1hat the will ￿n11Thue in operal*)n. The trustees are tesponsib￿ for keeping SUffi￿ent accounting records th* di$¢losg with re8sonabl& accuracy at any time Ihe finar￿la1 position of the Charity and enable them to ensurè that tha finaneial $laternents comply with the Charities Aet 2011, the Chatity {Accounts and Reports) Regulatiorbs 2008 and the provisions of the trust deed. They are also responsibl8 for safeguarding the assets of the Charity and henco for takng reasonable sl8p$ for the prevenlion and detection of Iraud and olher irregularittes. Volunteern The PCC would like to thank all the volunteers who wuk so hard to make our churth the lively and vibrant community that il Is. The trusteeb rgport was approved by Ihe Board of Trustees. Rev Canon F Green Trusteo 27 Marth 2025 PCC OF BROUGHTON INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PCC OF BROUGHTON I report to the trustees on my examination of the financlal statements of PCC of Broughtcffl (the CtBrilyl for the year ended 31 December 2024. Rosponslblllt1￿ and basls of report As the trustee5 of the Charity you are reSPon￿bIe for the preparation of the flnancial stslements Sn 8ccord8nce the requirements of the Ch8ribesAct 2011 (the 2011 Acll. I report in respect of my oxaminalion of the Charity's financial statemgnls carried out under section 145 of the 2011 Act. In ￿rryIng out my examination I have followed all the appl(cable Directi¢)ns given by the Charity Commission under seGtion 14515llbl of the 2011 Act Independent examlnevs statsment sin￿ the Charity's gross income exceeded £250.OC4J your examiner must be a member of a body listed in secti¢)n 145 of the 2011 Act. I confirm that l am qualsfied to undertake the examination because l am a membw of ICAEW. which is one of the listed bodies. I h8ve wmpleted my examination. l confim that no matters have come to my attentton in connection ￿th the eXaMIna￿on giving me cause to belSeve that In any material respect.. accoLJnting records were not kept in respect of the Charity as roquired by section 130 of the 2011 Act; or the financial statements do not accord wth those records.. or the finarrial stslements do not comply wth the applicable requirements concerning the form and content of aceounts sel out in thè Charities {Accounls and Reports) Re9ulatlons 2008 other than any requlrement that the accounts give a true and fair view wh￿h is not a matter considered as part of an independent examinatlon. I have no concems and have come auoss no other matters in connection with the examination lo which attenfjon should be drawn in this report Sn Order to enable a proper understanding ofthe financial statements to be reathed. David Wood Wilson BA FCA ijz Hindle Jepson & Jennings Ltd 10 Borough Road Darwen Lancashire BB3 1PL Dated.. 27 March 2025 PCC OF BROUGHTON STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Currènt financial year Unr•$trl¢ted funds 2024 R08trict8d funds 2024 Total Total 2024 2023 In¢om¢ from: Donations and19gade$ Investments 282.388 12,218 282,388 12.218 277,755 11,525 Total Income 294,606 294.6L 289,280 Expendlture on: Charrtable ath"vllie8 163.583 163.583 271.693 Totsl ¢xwndlturo 163,583 163,583 271,893 Net gainsl{lossesl on investments {121 1.449 1,437 5.865 Not In¢om• and movoment In funds 131.011 1.449 132,460 23,452 Reconclllatlon of fund8: Fund balances at 1 January 2024 1,009,345 70,757 1,080.102 1,056,650 Fund balancos at 310ocomber 2024 1,140,356 72,2CK8 1.212.562 1.080,102 The slalemenl of finanaal 8Ctivities Incl￿e8 all gains and losses recognised in the year. All i￿ome and expendriufe derive from continuing activiks. PCC OF BROUGHTON BALANCE SHEET ASAT 31 DECEMBER 2024 2024 2023 Flxed assets Tangible assets Investments 10 11 863,052 65,031 863,052 63.594 928.083 926.646 Current ass•ts Stocks Debtor5 Cash at bank and in harKI 175 4.417 281,487 157 2,038 151.758 12 286,079 153,953 Crodrtors: amounts falllng due wlthln one year 13 {1,8C(Il 14971 Net currant ass8ts 284,479 153,456 Totsl a88ets less current Ilabllltles 1.212,562 1,080,102 The funds of thg Charlty Resthcted income funds Unrestsicted fijnds 14 16 72,206 1,140.358 70,757 1.009.345 1.212.562 1,080,102 PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 AG¢ountlng pollcles Charity Infommtlon PCC of Broughton is a registered charity no 1134595. 1.1 Accountlng conventlon The finanaal statemen15 have been prepared In accordance wth the Charty's gcveming document, the Chorities AGI 2011, FRS 102 'The Financial Reporting Standard applicable in Ihg UK and Rapublic of Ireland. fFRS 102.1 and the Charities SORP "Accountlng and Reporting ty char￿&$.. Statement Rgwmmendgd Pradice applicable to charitie5 preparing their accounts in accordance with the Finanual Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021. leffects've 1 January 2019}. The Charity is a Public Benefft Entity a5 defined by FRS 102. The Charity has tsken advantage of the prOvi￿on5 in the SORP for charities not lo prepare a Statement of Cash Fksws. The financial statements have departed from the Charities IAGcounl$ and Rep￿) Regulath)n8 2008 onty to the extent required to provide a true and fair view. Thi5 departure has invdved followng the Statement of Recommended Practice for charities applying FRS 102 rather tr)an the version of the Statement of Recommended Practice whith is reforrod to in the R8gulations but which h8$ since been wrthdrawn. The financaal statement8 are prepared in sterling. %thich is the fvnclional currenw of th& Charity. Monetary amounts In these flnancial 81atem&nts are rounded to the ne8rest £. Tho finanaal statements have been prepared under the historical cost conventton, m¢)difiod to inthde certain financial instruments 81 fair value. The principal aecounling policies adopted are set out below. 1.2 Golng Concern Al Ihg lime of approving the finanaal stat8m8nls, the trustees have a reasonable expectation that the Charty has adequate resources to continue in operatlonal existence for the fO￿See8￿e luture. Thus the IT￿eS continue to adopt the going concern basis of accounting in prepaAng the flnancial stslements. 1.3 char￿ble funds Unreslricled funds are available for use at the discrelb)n of Ihe trustees in furtherance of their charitable obj'ectives. Restricted funds are subject lo specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the restricAed funds are set out in the notes lo the finanaal statements. 1A Income Income is recognised when the Charity 1$ legally entitled lo it after any perfomiance conditions have been met. the amounts can be moasured reliably, and it is probable that income will be received. Cash donation8 are ￿cognised on receipt. Other donations are recognised ono the Charity has been notified of the d￿ation, unles$ perfomian¢% ¢x)ndilions requlre dgferral of the amount. Income tax recoverable in relation lo donations received under GiftAid or deeds of covenant 1$ r?￿gnISed at the tr'mg of the donatson. Legacies are rKognised on r￿91p1 or oth8Mse if the Charity has been notffied of an impending distribution. the amount is known, and receipt is expeded. 11 the amount is not known, the legacy is treated os a conlingenl asset. PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poli¢i¢$ IContlnued} 1.6 Expgndlluro Expenditure is recognised once there is a Iggal or ￿l$truCtiVe ¢bligats'on to transfer economic benefit lo third party, rt is probable that a transfer of economic beneffts vjill be requred In setllement. and the amount of the obligation can be measured reliably. Eyndilure is cla$sffifjd by aotivty. The costs of exh aclivty are made up of the total ol ¢Jir￿E costs and Sha￿ costs, in¢ludiro $upport costs involved in undert8klNJ each aclivty. Direct C08ts attribLtsble lo a ￿ngk? activity are allocated diieclly lo that activity. Shared costs vthich contribute to more than one activity and support Costs whith are not attributable lo a single activity are appo￿oned betsveen those activllles on a basis Gon515tent with the use of resources. Central staff ￿¥ts are glloc*d on thè basis of lime spent, and depreciation charges ara allocat8d on th8 porbon of the assevs use. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured at cost and s￿50quentty m&asur8d at cost or valuation, net of depreaation and any impairment losses. Deprecksbon 18 recogni8ed 80 as to write off the cost or valuation of assets less their residual values over their Useful Ilves on the followlng bases= Leasehold improvements The gain or loss arising on the disposal of an asset is detemiined a5 the difference be￿en the sde pn)ceeds and the carrying value of the asset, and Is recognlsed in the slalemenl of ffinancial ath"vib"es. Conwraled and benefi¢9 propgty 1$ not included in the fina￿la1 51atemenls in accordance with s10 of the Charitie$ Ad 2011. 1.7 Fixed asset investments Fixed asset investments are initially measured at transactic•) price exduding transaction cost$. and a subsequently measured al fair value al each report'ng dale. Changes in fair value are re¢ognised in net in¢omel(expend((urel for the year. Transaclion costs are eypensed as incurred. 1.8 Impalmignt of flxgd assots Al each reporting end dale, the Charity revlews the carylro amounts of its tsngible assets to detemine whether there is any indication that those assets have suffered an impaimient loss. If any such Ind￿tIOn exist8. the recoverable amount of the asset is estimated in to detemilne the extent of the Impalm)ent loss lff any). 1.9 Stocks Stocks are stated at the I0￿r of c05t and estimated selling price less costs to complete and sell. Cost comprfses dlrecl materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks lo their present location and condition. Items hekA for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Nel realisable value is the estimated selling price less all 8sbmated costs of COM￿OI10n and costs to be incurred in marketing. selling and distribution. 1.10 Cash and ¢Jsh oquivalonl$ Cash arKI cash equivalents indude ¢a$h in hand. deposits held at call with ￿ks, othgr ¥horFtsrm liquid investments with original malurilies of thr88 months or less. and bank (werdrafts. Bank overdrafts •re Shown within I￿rrown9$ in current liabilits'es. PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng polkles (Continu•dl 1.11 Flnanclal Instrumenls The Charity h88 elected to apply the provislons of Section 11 'Basic Financial Instruments and Section 12 'Other Finandal Instruments Issues, of FRS 102 to all of its financial instruments. FIna￿la1 Instruments arg recognised in the Chadtys balance sh88t wh8n the Charty become5 party to tr ntradual provisions of the instrumenL Financial assets and liabilities are offset. wrth the nel amounts presented in the financtal 8Litements, when there is a legally errforceable right lo set off Ihe recogni5ed amcunts and thefe is an intention lo Sèttle on a nel basis or lo reaise the asset and settle thg liability simultaneousEy. Basic financialas$•ts Baslc finandal assets, whSch Include debtors and cash and bank balances. are initially measured at transaction price induding transaction costs arKI are subsequentty carried at amortised cost using Ihg offective interest method unless the arrangement constitutes a ffinan￿ng transaction, where the transaction is measured al the present value of the future receipts discounted at a market rate of interest. Financial assets classtfied as receivable Trmthin one year are not amorbsed. B•sie financial li•th"liliè$ Basic financial liabilities, including creditcis and bank108ns are initially reo)gnised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at ihe present value of the futur8 payments discountsd al a market Trte of interest. Financial liabiliti'es classified as payable wilhln one year are not amorbsed. Debt instruments oro subsequently carried al amortised cost, using the effective interest fate method. Trade creditors are obligations to pay for goods or seryices that have teen acquired in the ordinwy of operations from suppliers. Affl￿nts payabk are classlfied as cxjrrent liabilibes rf payment is due within one year or less. If r￿, they are p￿sented as non-currenl liabilities. Trade creditors are recognised initially al transaction priee and subsequen￿Y measured at amortised cost usiryj the effective interest method. Derecognltlon of flnanclal Ilabllftles Finanaal liabilit18s are derecognised then the Chaiity's ¢ontra¢tual obligation$ exF4re or are d[￿harged or cancellgd. Critical accounting estimates and judgem•nts In the application of the Chari￿8 accounting poliues, ￿ trustee$ aTe required to make lu¢Jgements. 88tsmates and assumptions about the carrying amount of assets and liabiliti'es that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo bè relevant. Adual results may drffer from these estimates. The estfmates and underlylng assumptions are reviewed on an ongoing basis. Revi8ion8 to accounting estimates are reco9nised in the period in whith the estimate is re￿Se￿ where the revlsicfi affects cnly that pericmj, or in the peri&J of the revisicffl and fvlure period5 whgre the revisim afie¢ts b)th ¢urrenl and fuiure perlods. 10- PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and legacie$ Unrostrlctgd Rgstrlctod funds funds 2024 2024 T¢)tal Unrostrfctsd R8¥trlct•d fun(Is funds 2023 2023 Tetsl 2024 2023 Donations and gifts Legacles Grants 129,306 148,000 5.082 129,306 148,000 5,082 147,528 106,000 710 23,517 171,045 106,000 710 282.388 282,388 254.238 23.517 277,755 Donations and gilts Direct Giving inc. GrftAd Baptisms, wedding and fiJnerals Donats'ons and legacies Fundion¥ and fvnd raisir4J Floodlighting Magazine income st Martins House contribution Other 97.919 97,919 93,326 93,326 9,118 4,353 9,118 4,353 7,685 23,972 7,685 23.972 10,777 1.440 1.645 10.777 1.440 1,645 7,096 1,505 1,378 7.096 25.022 1,378 23,517 8,761 3.805 8.761 3,805 4,054 4.054 129,306 129,306 147,528 23.517 171,045 Income from Investments Unréstricted Unrèstricted funds fund¥ 2024 2023 Interest receivable 12,218 11,525 11 PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expgndlturg on ¢h•rltabl• •ctlvttl•s Totsl 2024 Totsl 2023 Dlrnct costs Staff ctssts Mission Giving Diocesan Parish Share Clergy Expenses Music Costs Parlsh Office St Martin's Complex Costs Church Expenses Bank Charges Church RLtnning Costs- Electriaty Church Running Costs- Healing Oil Church Running Costs- Insurance Church Maintenance - Parfsh Church Church Maintenance- Sl. Martin's Demonstrator Church ExpeThlrture Parish Magazine Costs Other charitable expendrture 11.700 724 60,000 8.118 7,747 6,963 19.386 13,399 637 1.974 5,338 3,996 17,110 11.076 789 40,OC 7,999 24,616 4.323 10,437 9,172 836 5.487 5,017 3,297 31,592 112,993 2,702 956 2.831 1,421 2,638 163,583 271,693 Analysr8 by fund Unrestricted fvnds- general Restricled fi&nds 163,583 139,991 131,702 163,583 271,693 Trustee3 The Vicar is a member ofthe PCC. She is remunerated through the diocese. She reoives expenses f￿M the PCC in respect of hèr duties as Vlcar, Emptr)yoes The average monthly number of employees during the year was.. 2024 Number 2023 Nurnber Administration Empk)yrngnt costs 2024 2023 dges and salaries 11,700 11,076 12- PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Employees {Contlnuedl There were Tr) employees whose annual remuneration was more than £60,000. Galns and loss•s on Investm•nts Unrestrlcted Restrlcted funds funds 2024 2024 Total Unre8lrlcted Re8trlcted funds funds 2023 2023 Total 2024 2023 Gainsl{lossgsl arising on.. Revaluation of Investments {121 1,449 1,437 10 5,855 5,865 Taxatlon The charity is exompt from taxation on its activiti88 b8cause all its income is applied for charitable purposes. 10 Tanglbl• flxed assets Leas8￿1￿ knwov•m•nts Al 1 January 2024 863.052 At 31 December 2024 863.052 Canylng amount At 31 December 2024 863,052 At 31 December 2023 863,052 13- PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Flx8d as$•t Invosknonls Restricted Unrestricted investment held by the funds - St PCC . M&G CCLA Church Charlbond of England 276 unlts CBF Total Cost or valuatlon Al l January 2024 VeluotKJn change5 63.284 1,449 310 (12} 83,$94 1,437 Al 31 December 2024 64.733 298 65,031 Carrying omount At 31 December 2024 64,733 298 65,031 At 31 t)ecember 2023 63.284 310 63.594 12 Debtors 2024 2023 Amounts falllng due wlthln one year: Other debtors 4,417 2.038 13 Credltors: amounts falllng due wlthln one year 2024 2023 Other creditors A¢¢nJals and deferred i￿JMe 497 1.800 1.600 497 14- PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEIIIENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Restricted funds The fe8trtcted fund8 of the charity comprise the ungxpended balance5 of donation$ and grants ￿ld on trust subject to specific conditions by donors as to how they may be used. At 1 January Incomlng Resourc•$ 2024 resoufces expended Galns and 10858$ At31 Dècember 2024 Organ appeal Chcxr fund Ikers and talkers 7,249 63,475 33 7.249 84,924 33 1,449 70,757 1,449 72,2C6 PrOv￿uS year: At 1 J•nuary InGomlfftg Re8ourc•$ 2023 rosourcg5 gxptrnded Galns and losses At31 December 2023 Organ app8al Choir frjnd Walkers and talkers Air Source heat pumps Kitchen St Martin's development 7,249 76,329 33 27,000 5,000 57,478 7,249 63,475 33 (18,7091 5.855 3,000 130,0001 15,0001 177.9931 20.517 173,087 23,517 131.702 5.855 70.757 15 UnroBtrict•d funds The unrestricted funds of the charty comprise the unexpended balances of donatlons and grants whlch are not subject lo specific conditions by donois and grantors as to how they may be used. These include designated funds whith have been set asi(le OLrt of unr8slTictsd furKls by the trustees for speofic purposes. At 1 January 2024 Incoming Resources resources expended Galn8 and losses A131 December 2024 Misslon 8fKI worshlp fund Children's Ministy Sl John's capital projects General funds 34,400 359 100,000 874,586 34,400 185 233,381 872,390 1174} 111.619} (151,790) 145.000 149.606 112) 1,009,345 294.606 1163,583) 1121 1,140,356 15- PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Unrestrlcted fvnds Icontlnued) Previous year. At 1 January Incomlng Resource¥ 2023 resources ex￿nd•d Gain¥ and losses At31 De¢¢mber 2023 Mission and worshlp ffiJnd Children's minlstry St John's capital projects General funds 34,400 377 34,400 359 100.000 874.586 {181 100,000 165,763 848.786 1139.9731 10 883.563 265,763 139,991 10 1,009.345 The opening splll of the designated and general bjnds as al 1 January 2023 has b8en reststed due lo a correction regarding the original althatlon of expendlture In prfof years. 16 An•lysl8 of net assets b•twfjen fvnd$ Unrestrfcted funds 2024 RegtrScted funds 2024 Totsl 2024 At 31 Dec¢ffl￿r 2024: Tangible assets Investments Current a8setsllliabililies) 863,052 298 277,006 863,052 65.031 284.479 64,733 7.473 1,140.356 72.2( 1,212,562 UnrostrTCted funds 2023 Restrfcted funds 2023 Total 2023 At 31 December 2023: Tangible assets Investments Current assetsl(liabilitiesl 863,052 310 145,983 863,052 63,594 153,456 63.284 7.473 1,009,345 70,757 1,080,102 16- Charity reglstratlon number 1134595 PCC OF BROUGHTON ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 PCC OF BROUGHTON LEGAL AND ADMINISTRATIVE INFORMATION Tn￿ta&S Rev Car￿n F Graon G 8agwell M Couper Rev N Gilmour B Hurley L Laflin C MeAteer K Morris P Mos5 Rev P Taylc V Thornley Canon A fitterlngton J rrtteringlon B Townsend D Wdid P ￿tsrd M An$on C Couper Officer roles Rev Canon F Green J Tittgringtc M Couper Incumb8nt and PCC Chair Treasurer Secretary Charlty number 1134595 Principal addre$8 St Mattn's Chapel 8nd Parlsh Hall BroaLfvAy F￿Wc￿d Preston Lancashire PR9 2Th Indgpendent exarniner Da￿d Wc*)d Wlson BA FCA Hindle Jepson & Jennings Ltd 10 Borough Road Damen L8ncashire BB31PL PCC OF BROUGHTON CONTENTS Page TNstee's report Independent examinerfs rep)rt Statement of financial activth'es Balance 8h88t Notes to the financial statements 8-16 PCC OF BROUGHTON TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and finanei* statements for the year endad 31 08camt•r 2024. The financial *atem￿ts have been prepared in ac£ordance with the a¢crM￿t6ng pdiaes Set (yjt In note 1 to the financial statemen15 and comply with the Charitys goveming documen( the Chaiitie5 Act 2011 and "Accounting and Reportbng by CharSlles'. Statement of Recommended Prath"ce appllcabk lo charth.es preparing their accounts in accordance wrth the Flnanaal Reporting Standard applicable in the UK and ReputAlc of Ireland {FRS 102)" {effectlve 1 January 20191. Objactivas and acti¥iti•s The primary obj'ective of the PCC is the promob.on of the Gospel of Our Lord Jesus Christ according to the doctrlnes and pradir*s of the chU￿h of England. The PCC cTroperate5 Wth the ¢lergy in promoting in the parish the ￿Ole mission of the Church, pastor81, evangalistic, swal and erJJmenical. Publlc Btn¢fit Ststsment When ￿annIng our activits'es for the year, the PCC have considered the Cofflmission's guidan¢e on publie benefrt and, in partioJlar, the supplementary guidance on tharilies for the alfvancemenl of ￿lIgIOn. The PCC try lo enable ordinary people lo live out their faith a8 part of our parish community through.. hip and PTay8r Leaming about the Gospel Develowng their knowledge and trust in Jesus Provision of pastoral care for people living in tt)e wider parish Missionary and outreach work To facilitate this work rt 15 important that we maintain the fabric of the parish thurch, St. John Baptist. and SL Martin's ChapeVParish Hall. Sl. P8terf$ Chapal is within St. P8tarf5 Church of England Primary School and malnlenan¢e is the responsibility of Lancashire County Council. The rwi St, Martin's was completed In August 2023. The project included new affordable housing developed by our partner housing association. Regenda Homes as well as the Chapel ond Parish Hall for Broughlon parish in the ￿ntre of Fulwood (replacing the bmer Parish Hall). PCC OF BROUGHTON TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achlevements and perfom)once SignrfKanf ac1lvrf￿S and achievon7ents ag8inst objedives During the year the PCC mel for six scheduled meetings. Major topics discu88ed included.. the development of Sunday Schools ISI. John's and St, Peterfs - Jigsaw), Messy Church. the addition of a Saturday service once month al SL Martin's,. Fina￿8, Fund Raising and S18wardship." Parish Church maintenance, planne(l ￿p1￿1 projects {induding an improved h&*ing system, repair of vlndows, stsir rails to tower, works lo church yard, and other quinquenni81 tssk81", health and safety policy, safeguardlng pro￿lUreS and reports on parish primary Schools. St. Martin's is being used 7 days a week for parish and communlty actlvities. The full kitch8n fac￿lti@5 allow the parish to host a year-round Warm Wèliy)me Space reaching out to those a￿ lonely, in need of support or concemed about energy bi115. Between 40-50 peoF4e atterKI each week. The new Parish HalVChap81 al SL Martin's Is used by communty groups, dasses and meetings all week al the hub of the parish. Representi￿1ve members of the PCC participate In the Deanery Synod, a PCC Mgmbgl Is on the Deangry Syn¢)d Stsnding Committee Se￿ing as Deanery Synod Secretsry and on the Blackbum Diocesan Synod. This provides the PCC with an important link with the wider struciures of the church. Some mernbers of the parish are un8ble to attend church due lo sid(ness age. The clergy visit dl church members who have requested it to celeLYale communKJn with them elther at their homas or in hospital.A bi-w8ekly rship from Home pack is sent via efflail or delivered by hand to house-t*)und parishioners. Tho Pow shgel is sent Vl8 email to households on request. The aCtI￿tIeS withln Ihe parlsh are reported in the mc¥)thly magazine Dutl&)K and the pew sheet, The parish has webste, Facebook and Xffwiller accounts. The folbwing committees seNe the church and its actNili&s.' Land and Buildings Fund Raising and Soaal Energy Projact Heatth and Safoty Safeguarding Communications Stowardship StsndSng Committee Ecumenlcal Relatlonshlps The church is a member of the ecumenical covenant Churches Together in Fu￿￿0d and Broughlon. Flnanclal revlew ReseNes poI￿Y It is the poli¢y of the Charity that unrestriGted funds which have not been designated for a $p8cffic use should bg maintained at a levd equivalent to befv￿en three and six month's expendrture. The trustees consider that reserves at Ihls levd wlll ensure that, In the event of a signrficant drop In funding. they wll be able lo continuo the Charity's Current aQivilies while Con￿deratIon is given lo ways in which addl￿Onal funds may be rai8ed. This ￿¥81 of reserves has been maintained throughout the year. Structur•p govgrnan¢g and managomont PCC of 8roughton Is part of the Diocese of Blackbuin within the Church of ErvJland. The C(￿espondence address is St. Mattin's Chapel and Parish Hall, Broar maknng deo$ions on all matters of general concem and importance to the part5h including how the funds of the PCC are spent. New members receive initlal Irainlng in to the workings of the pcc. The PCC members regularfy assess the major risks to whith lh8 parish 1$ exwsed and are satisfied that systsms are in place to mitigale exposure to the major risks. PCC OF BROUGHTON TRUSTEE'S REPORT (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Statementol trnstee'$ rn$pon$lbllitie¥ The trustees are responsible for preparing the Trustee's Report and thg financial Statements In accordance with applicable law and Unitgd Kiryjdom Accounting Standards (United ￿'ngdoM Generalty Accepted Accounting Practi￿1. The law applieabk lo tharilies in England and Wale$ requiros th¢ trustees to prepare financ4al statomants for èach )Inan￿al year whlL* give a true and fair v¢ew of the ststa of 8ffalrs of the CharNy and of the inooming rèsou￿$ 8nd appl¢alv)n of rsstsurces of the Charity for that year. In preparing these finanoial statemen18. the trtss18ès are required to: - 8eknt suilable a¢¢ounllng pollcles and then appty th&m Con￿stant￿.. - obsèrve the methods and princ4plas in tha Char￿•$ SORP- - make judgements and gstimatos that are reasonable and prudent", - state whether appl￿ble a¢xounting Standards have been followed. subject to any malerfal departures disdosed and explainad in financial statements,. and - wfrpare tho finanrAal stalements on going ￿nce1Th b8sls unless it is inapproprKate to presumg 1hat the will ￿n11Thue in operal*)n. The trustees are tesponsib￿ for keeping SUffi￿ent accounting records th* di$¢losg with re8sonabl& accuracy at any time Ihe finar￿la1 position of the Charity and enable them to ensurè that tha finaneial $laternents comply with the Charities Aet 2011, the Chatity {Accounts and Reports) Regulatiorbs 2008 and the provisions of the trust deed. They are also responsibl8 for safeguarding the assets of the Charity and henco for takng reasonable sl8p$ for the prevenlion and detection of Iraud and olher irregularittes. Volunteern The PCC would like to thank all the volunteers who wuk so hard to make our churth the lively and vibrant community that il Is. The trusteeb rgport was approved by Ihe Board of Trustees. Rev Canon F Green Trusteo 27 Marth 2025 PCC OF BROUGHTON INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PCC OF BROUGHTON I report to the trustees on my examination of the financlal statements of PCC of Broughtcffl (the CtBrilyl for the year ended 31 December 2024. Rosponslblllt1￿ and basls of report As the trustee5 of the Charity you are reSPon￿bIe for the preparation of the flnancial stslements Sn 8ccord8nce the requirements of the Ch8ribesAct 2011 (the 2011 Acll. I report in respect of my oxaminalion of the Charity's financial statemgnls carried out under section 145 of the 2011 Act. In ￿rryIng out my examination I have followed all the appl(cable Directi¢)ns given by the Charity Commission under seGtion 14515llbl of the 2011 Act Independent examlnevs statsment sin￿ the Charity's gross income exceeded £250.OC4J your examiner must be a member of a body listed in secti¢)n 145 of the 2011 Act. I confirm that l am qualsfied to undertake the examination because l am a membw of ICAEW. which is one of the listed bodies. I h8ve wmpleted my examination. l confim that no matters have come to my attentton in connection ￿th the eXaMIna￿on giving me cause to belSeve that In any material respect.. accoLJnting records were not kept in respect of the Charity as roquired by section 130 of the 2011 Act; or the financial statements do not accord wth those records.. or the finarrial stslements do not comply wth the applicable requirements concerning the form and content of aceounts sel out in thè Charities {Accounls and Reports) Re9ulatlons 2008 other than any requlrement that the accounts give a true and fair view wh￿h is not a matter considered as part of an independent examinatlon. I have no concems and have come auoss no other matters in connection with the examination lo which attenfjon should be drawn in this report Sn Order to enable a proper understanding ofthe financial statements to be reathed. David Wood Wilson BA FCA ijz Hindle Jepson & Jennings Ltd 10 Borough Road Darwen Lancashire BB3 1PL Dated.. 27 March 2025 PCC OF BROUGHTON STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Currènt financial year Unr•$trl¢ted funds 2024 R08trict8d funds 2024 Total Total 2024 2023 In¢om¢ from: Donations and19gade$ Investments 282.388 12,218 282,388 12.218 277,755 11,525 Total Income 294,606 294.6L 289,280 Expendlture on: Charrtable ath"vllie8 163.583 163.583 271.693 Totsl ¢xwndlturo 163,583 163,583 271,893 Net gainsl{lossesl on investments {121 1.449 1,437 5.865 Not In¢om• and movoment In funds 131.011 1.449 132,460 23,452 Reconclllatlon of fund8: Fund balances at 1 January 2024 1,009,345 70,757 1,080.102 1,056,650 Fund balancos at 310ocomber 2024 1,140,356 72,2CK8 1.212.562 1.080,102 The slalemenl of finanaal 8Ctivities Incl￿e8 all gains and losses recognised in the year. All i￿ome and expendriufe derive from continuing activiks. PCC OF BROUGHTON BALANCE SHEET ASAT 31 DECEMBER 2024 2024 2023 Flxed assets Tangible assets Investments 10 11 863,052 65,031 863,052 63.594 928.083 926.646 Current ass•ts Stocks Debtor5 Cash at bank and in harKI 175 4.417 281,487 157 2,038 151.758 12 286,079 153,953 Crodrtors: amounts falllng due wlthln one year 13 {1,8C(Il 14971 Net currant ass8ts 284,479 153,456 Totsl a88ets less current Ilabllltles 1.212,562 1,080,102 The funds of thg Charlty Resthcted income funds Unrestsicted fijnds 14 16 72,206 1,140.358 70,757 1.009.345 1.212.562 1,080,102 PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 AG¢ountlng pollcles Charity Infommtlon PCC of Broughton is a registered charity no 1134595. 1.1 Accountlng conventlon The finanaal statemen15 have been prepared In accordance wth the Charty's gcveming document, the Chorities AGI 2011, FRS 102 'The Financial Reporting Standard applicable in Ihg UK and Rapublic of Ireland. fFRS 102.1 and the Charities SORP "Accountlng and Reporting ty char￿&$.. Statement Rgwmmendgd Pradice applicable to charitie5 preparing their accounts in accordance with the Finanual Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021. leffects've 1 January 2019}. The Charity is a Public Benefft Entity a5 defined by FRS 102. The Charity has tsken advantage of the prOvi￿on5 in the SORP for charities not lo prepare a Statement of Cash Fksws. The financial statements have departed from the Charities IAGcounl$ and Rep￿) Regulath)n8 2008 onty to the extent required to provide a true and fair view. Thi5 departure has invdved followng the Statement of Recommended Practice for charities applying FRS 102 rather tr)an the version of the Statement of Recommended Practice whith is reforrod to in the R8gulations but which h8$ since been wrthdrawn. The financaal statement8 are prepared in sterling. %thich is the fvnclional currenw of th& Charity. Monetary amounts In these flnancial 81atem&nts are rounded to the ne8rest £. Tho finanaal statements have been prepared under the historical cost conventton, m¢)difiod to inthde certain financial instruments 81 fair value. The principal aecounling policies adopted are set out below. 1.2 Golng Concern Al Ihg lime of approving the finanaal stat8m8nls, the trustees have a reasonable expectation that the Charty has adequate resources to continue in operatlonal existence for the fO￿See8￿e luture. Thus the IT￿eS continue to adopt the going concern basis of accounting in prepaAng the flnancial stslements. 1.3 char￿ble funds Unreslricled funds are available for use at the discrelb)n of Ihe trustees in furtherance of their charitable obj'ectives. Restricted funds are subject lo specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the restricAed funds are set out in the notes lo the finanaal statements. 1A Income Income is recognised when the Charity 1$ legally entitled lo it after any perfomiance conditions have been met. the amounts can be moasured reliably, and it is probable that income will be received. Cash donation8 are ￿cognised on receipt. Other donations are recognised ono the Charity has been notified of the d￿ation, unles$ perfomian¢% ¢x)ndilions requlre dgferral of the amount. Income tax recoverable in relation lo donations received under GiftAid or deeds of covenant 1$ r?￿gnISed at the tr'mg of the donatson. Legacies are rKognised on r￿91p1 or oth8Mse if the Charity has been notffied of an impending distribution. the amount is known, and receipt is expeded. 11 the amount is not known, the legacy is treated os a conlingenl asset. PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poli¢i¢$ IContlnued} 1.6 Expgndlluro Expenditure is recognised once there is a Iggal or ￿l$truCtiVe ¢bligats'on to transfer economic benefit lo third party, rt is probable that a transfer of economic beneffts vjill be requred In setllement. and the amount of the obligation can be measured reliably. Eyndilure is cla$sffifjd by aotivty. The costs of exh aclivty are made up of the total ol ¢Jir￿E costs and Sha￿ costs, in¢ludiro $upport costs involved in undert8klNJ each aclivty. Direct C08ts attribLtsble lo a ￿ngk? activity are allocated diieclly lo that activity. Shared costs vthich contribute to more than one activity and support Costs whith are not attributable lo a single activity are appo￿oned betsveen those activllles on a basis Gon515tent with the use of resources. Central staff ￿¥ts are glloc*d on thè basis of lime spent, and depreciation charges ara allocat8d on th8 porbon of the assevs use. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured at cost and s￿50quentty m&asur8d at cost or valuation, net of depreaation and any impairment losses. Deprecksbon 18 recogni8ed 80 as to write off the cost or valuation of assets less their residual values over their Useful Ilves on the followlng bases= Leasehold improvements The gain or loss arising on the disposal of an asset is detemiined a5 the difference be￿en the sde pn)ceeds and the carrying value of the asset, and Is recognlsed in the slalemenl of ffinancial ath"vib"es. Conwraled and benefi¢9 propgty 1$ not included in the fina￿la1 51atemenls in accordance with s10 of the Charitie$ Ad 2011. 1.7 Fixed asset investments Fixed asset investments are initially measured at transactic•) price exduding transaction cost$. and a subsequently measured al fair value al each report'ng dale. Changes in fair value are re¢ognised in net in¢omel(expend((urel for the year. Transaclion costs are eypensed as incurred. 1.8 Impalmignt of flxgd assots Al each reporting end dale, the Charity revlews the carylro amounts of its tsngible assets to detemine whether there is any indication that those assets have suffered an impaimient loss. If any such Ind￿tIOn exist8. the recoverable amount of the asset is estimated in to detemilne the extent of the Impalm)ent loss lff any). 1.9 Stocks Stocks are stated at the I0￿r of c05t and estimated selling price less costs to complete and sell. Cost comprfses dlrecl materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks lo their present location and condition. Items hekA for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Nel realisable value is the estimated selling price less all 8sbmated costs of COM￿OI10n and costs to be incurred in marketing. selling and distribution. 1.10 Cash and ¢Jsh oquivalonl$ Cash arKI cash equivalents indude ¢a$h in hand. deposits held at call with ￿ks, othgr ¥horFtsrm liquid investments with original malurilies of thr88 months or less. and bank (werdrafts. Bank overdrafts •re Shown within I￿rrown9$ in current liabilits'es. PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng polkles (Continu•dl 1.11 Flnanclal Instrumenls The Charity h88 elected to apply the provislons of Section 11 'Basic Financial Instruments and Section 12 'Other Finandal Instruments Issues, of FRS 102 to all of its financial instruments. FIna￿la1 Instruments arg recognised in the Chadtys balance sh88t wh8n the Charty become5 party to tr ntradual provisions of the instrumenL Financial assets and liabilities are offset. wrth the nel amounts presented in the financtal 8Litements, when there is a legally errforceable right lo set off Ihe recogni5ed amcunts and thefe is an intention lo Sèttle on a nel basis or lo reaise the asset and settle thg liability simultaneousEy. Basic financialas$•ts Baslc finandal assets, whSch Include debtors and cash and bank balances. are initially measured at transaction price induding transaction costs arKI are subsequentty carried at amortised cost using Ihg offective interest method unless the arrangement constitutes a ffinan￿ng transaction, where the transaction is measured al the present value of the future receipts discounted at a market rate of interest. Financial assets classtfied as receivable Trmthin one year are not amorbsed. B•sie financial li•th"liliè$ Basic financial liabilities, including creditcis and bank108ns are initially reo)gnised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at ihe present value of the futur8 payments discountsd al a market Trte of interest. Financial liabiliti'es classified as payable wilhln one year are not amorbsed. Debt instruments oro subsequently carried al amortised cost, using the effective interest fate method. Trade creditors are obligations to pay for goods or seryices that have teen acquired in the ordinwy of operations from suppliers. Affl￿nts payabk are classlfied as cxjrrent liabilibes rf payment is due within one year or less. If r￿, they are p￿sented as non-currenl liabilities. Trade creditors are recognised initially al transaction priee and subsequen￿Y measured at amortised cost usiryj the effective interest method. Derecognltlon of flnanclal Ilabllftles Finanaal liabilit18s are derecognised then the Chaiity's ¢ontra¢tual obligation$ exF4re or are d[￿harged or cancellgd. Critical accounting estimates and judgem•nts In the application of the Chari￿8 accounting poliues, ￿ trustee$ aTe required to make lu¢Jgements. 88tsmates and assumptions about the carrying amount of assets and liabiliti'es that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo bè relevant. Adual results may drffer from these estimates. The estfmates and underlylng assumptions are reviewed on an ongoing basis. Revi8ion8 to accounting estimates are reco9nised in the period in whith the estimate is re￿Se￿ where the revlsicfi affects cnly that pericmj, or in the peri&J of the revisicffl and fvlure period5 whgre the revisim afie¢ts b)th ¢urrenl and fuiure perlods. 10- PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and legacie$ Unrostrlctgd Rgstrlctod funds funds 2024 2024 T¢)tal Unrostrfctsd R8¥trlct•d fun(Is funds 2023 2023 Tetsl 2024 2023 Donations and gifts Legacles Grants 129,306 148,000 5.082 129,306 148,000 5,082 147,528 106,000 710 23,517 171,045 106,000 710 282.388 282,388 254.238 23.517 277,755 Donations and gilts Direct Giving inc. GrftAd Baptisms, wedding and fiJnerals Donats'ons and legacies Fundion¥ and fvnd raisir4J Floodlighting Magazine income st Martins House contribution Other 97.919 97,919 93,326 93,326 9,118 4,353 9,118 4,353 7,685 23,972 7,685 23.972 10,777 1.440 1.645 10.777 1.440 1,645 7,096 1,505 1,378 7.096 25.022 1,378 23,517 8,761 3.805 8.761 3,805 4,054 4.054 129,306 129,306 147,528 23.517 171,045 Income from Investments Unréstricted Unrèstricted funds fund¥ 2024 2023 Interest receivable 12,218 11,525 11 PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expgndlturg on ¢h•rltabl• •ctlvttl•s Totsl 2024 Totsl 2023 Dlrnct costs Staff ctssts Mission Giving Diocesan Parish Share Clergy Expenses Music Costs Parlsh Office St Martin's Complex Costs Church Expenses Bank Charges Church RLtnning Costs- Electriaty Church Running Costs- Healing Oil Church Running Costs- Insurance Church Maintenance - Parfsh Church Church Maintenance- Sl. Martin's Demonstrator Church ExpeThlrture Parish Magazine Costs Other charitable expendrture 11.700 724 60,000 8.118 7,747 6,963 19.386 13,399 637 1.974 5,338 3,996 17,110 11.076 789 40,OC 7,999 24,616 4.323 10,437 9,172 836 5.487 5,017 3,297 31,592 112,993 2,702 956 2.831 1,421 2,638 163,583 271,693 Analysr8 by fund Unrestricted fvnds- general Restricled fi&nds 163,583 139,991 131,702 163,583 271,693 Trustee3 The Vicar is a member ofthe PCC. She is remunerated through the diocese. She reoives expenses f￿M the PCC in respect of hèr duties as Vlcar, Emptr)yoes The average monthly number of employees during the year was.. 2024 Number 2023 Nurnber Administration Empk)yrngnt costs 2024 2023 dges and salaries 11,700 11,076 12- PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Employees {Contlnuedl There were Tr) employees whose annual remuneration was more than £60,000. Galns and loss•s on Investm•nts Unrestrlcted Restrlcted funds funds 2024 2024 Total Unre8lrlcted Re8trlcted funds funds 2023 2023 Total 2024 2023 Gainsl{lossgsl arising on.. Revaluation of Investments {121 1,449 1,437 10 5,855 5,865 Taxatlon The charity is exompt from taxation on its activiti88 b8cause all its income is applied for charitable purposes. 10 Tanglbl• flxed assets Leas8￿1￿ knwov•m•nts Al 1 January 2024 863.052 At 31 December 2024 863.052 Canylng amount At 31 December 2024 863,052 At 31 December 2023 863,052 13- PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Flx8d as$•t Invosknonls Restricted Unrestricted investment held by the funds - St PCC . M&G CCLA Church Charlbond of England 276 unlts CBF Total Cost or valuatlon Al l January 2024 VeluotKJn change5 63.284 1,449 310 (12} 83,$94 1,437 Al 31 December 2024 64.733 298 65,031 Carrying omount At 31 December 2024 64,733 298 65,031 At 31 t)ecember 2023 63.284 310 63.594 12 Debtors 2024 2023 Amounts falllng due wlthln one year: Other debtors 4,417 2.038 13 Credltors: amounts falllng due wlthln one year 2024 2023 Other creditors A¢¢nJals and deferred i￿JMe 497 1.800 1.600 497 14- PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEIIIENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Restricted funds The fe8trtcted fund8 of the charity comprise the ungxpended balance5 of donation$ and grants ￿ld on trust subject to specific conditions by donors as to how they may be used. At 1 January Incomlng Resourc•$ 2024 resoufces expended Galns and 10858$ At31 Dècember 2024 Organ appeal Chcxr fund Ikers and talkers 7,249 63,475 33 7.249 84,924 33 1,449 70,757 1,449 72,2C6 PrOv￿uS year: At 1 J•nuary InGomlfftg Re8ourc•$ 2023 rosourcg5 gxptrnded Galns and losses At31 December 2023 Organ app8al Choir frjnd Walkers and talkers Air Source heat pumps Kitchen St Martin's development 7,249 76,329 33 27,000 5,000 57,478 7,249 63,475 33 (18,7091 5.855 3,000 130,0001 15,0001 177.9931 20.517 173,087 23,517 131.702 5.855 70.757 15 UnroBtrict•d funds The unrestricted funds of the charty comprise the unexpended balances of donatlons and grants whlch are not subject lo specific conditions by donois and grantors as to how they may be used. These include designated funds whith have been set asi(le OLrt of unr8slTictsd furKls by the trustees for speofic purposes. At 1 January 2024 Incoming Resources resources expended Galn8 and losses A131 December 2024 Misslon 8fKI worshlp fund Children's Ministy Sl John's capital projects General funds 34,400 359 100,000 874,586 34,400 185 233,381 872,390 1174} 111.619} (151,790) 145.000 149.606 112) 1,009,345 294.606 1163,583) 1121 1,140,356 15- PCC OF BROUGHTON NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Unrestrlcted fvnds Icontlnued) Previous year. At 1 January Incomlng Resource¥ 2023 resources ex￿nd•d Gain¥ and losses At31 De¢¢mber 2023 Mission and worshlp ffiJnd Children's minlstry St John's capital projects General funds 34,400 377 34,400 359 100.000 874.586 {181 100,000 165,763 848.786 1139.9731 10 883.563 265,763 139,991 10 1,009.345 The opening splll of the designated and general bjnds as al 1 January 2023 has b8en reststed due lo a correction regarding the original althatlon of expendlture In prfof years. 16 An•lysl8 of net assets b•twfjen fvnd$ Unrestrfcted funds 2024 RegtrScted funds 2024 Totsl 2024 At 31 Dec¢ffl￿r 2024: Tangible assets Investments Current a8setsllliabililies) 863,052 298 277,006 863,052 65.031 284.479 64,733 7.473 1,140.356 72.2( 1,212,562 UnrostrTCted funds 2023 Restrfcted funds 2023 Total 2023 At 31 December 2023: Tangible assets Investments Current assetsl(liabilitiesl 863,052 310 145,983 863,052 63,594 153,456 63.284 7.473 1,009,345 70,757 1,080,102 16-