Cheadle PARISH Parochial Church Councll of the Eccleslastlcal Parlsh of St Maryj Cheadle Financial Statements For the year ended 31 December 2023 Charity Number: 1134783 Incorporatlng the Churches of St Mary st Cuthbert THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) REPORT OF TMI PCC TO THE MEMBERS OF ST MARYPS AND ST CUTHBERTS ¢HURCHllS FOR THE YEAR ENDID 31 DECEMBER 2023 REFIIIINCE AND ADMINISTRATIVS INFORMATION: MIMBIRSHIP (IF THI PAROCHIAL ¢HUR¢H ¢￿￿¢1L Members of the PCC are elther ex-officlo or elected by the Annual Parochial Church Meeting (APCM) in accordance wlth the Church Representatlon Rule5. During thè yèar the followlng served as members of the PCC.. In¢umb•nt Rev Dr Robert Munro (to 0¥02/23) Aiioclat• Mlnlst•r4 Rev S Tomalln Rev M Newman (10 310823) Curat• Rév I Chldlow (to 310823) Rev I Chldlow (from 310823> Ll¢•ni•d Pa•loral Work•r R, Orml$ton Ward•n• S Parlkh R Navesey l Howard (Deputy Warden) C Sallsbury (Deputy Warden) R•pr•Mnt•tlv• on th• Geft•r•l Synod R•pr•Mntatlv• on th• Dl¢c•••n Synod F Goode G Lowcock R•pr•4•ntJtlv•s ¢>n th• D•an•ry Synod F Goode J Harris G Lowcock J Berry P. Berry R. Ormlston El•¢t•d M•mb•rs St Mary's L Grlbbln (to 26/04/23) S Holmes (from 26/04123) N Hooper P Johnson (to 26/04/25) T. Phllllps L. Read P. Wolls St Cuthbert, J. Davlds A Pugh W. Rlchbell-Brown PC¢ S•cr•tary 19.119. 2018-164. 2017-17A 2016.170. 2Q15. 165. 2014- 162. 2013-113.) giving a total for the Parish of 420. C2Q23.443.2022.454.2021-469.?020.468. 2019.443. 2015.5rs 2017.564.X216-557 2015.542. 2QI4. 549. 2013-5072012.S50. 2011- 554 2010-544, 2009-W 2008.518 2007.474). CNB The￿ w6s ¢omL)ie¢e reWis￿n ottne ￿lector&I￿oI/ln*Ots. 2013 an02(￿7} CHURCH SERVICES St Mary's Church provides for the following services on a Sunday.. 10,00am Morning Worship.. combining elements of a traditional service with an informal family friendly service of the Word which normally includes children up to 11 in the first part of the service before Sunday School activities. It 15 also available to watch live online. 6'.30pm Evening worship.. an informal, more varied Service of the Word which includes young people before further activities in the Upper Room St Cuthbert's church provides for the following pattern of worship.. 10,30am Morning Service.. an informal service combining contemporary worship with some more traditional elemenls, occasional alternative service formats and provision for children and young people. including a crèche 5.00pm Evening Service.. an informal reflective service and prayer focus Mondays to Fridays.. 8.30am Prayers in church Wednesdays 12.OOnoon - Lunchtime Communion In both churches, all services include a sermon/talk and follow the principles of Anglican worship as set out in the Book of Common Prayer and Common Worship. In both churches, Holy Communion is held once a month at each service. In addition the two churches carry out baptlsms, weddings, confirmations, etc. THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTH8ERT) 4. PCC SECRETARYIS REPORT Between Nay 2023 and the APCM in Hay 2024, the PCC met 5 times all of them in person, but usually with someone joining via zoom. We met on 27 June, 25 September. and 27 November 202S and on 29 January and 25 March 2024. The PCC assisted our associate ministers Stan Tomalin and lan Chidlow to manage the Parish during the interregnum pendirng the arrival of George Crowder as our new Rector. The PCC has throughout the year monitored the finances of the Church and set the budgets for the coming year. The PCC also continued to support the ministry of the Upper Room Café, At the June meeting PCC dealt with the permanent appointment of Amy Killingbeck, At the September meeting we dealt with the bulk of the annual policy reviews. In November we approved the draft budget for St Cuthberts and identified the need to advise the St r4ary's congregation OF a shortfall in the finances. In January we discussed the finances further and appointed a small group to look at the finances going forward. In March the PCC dealt with the permanent appointment of Maddy Prescott and approved the budget for St Mary's which was po55ible due to the response of the congregation to the financial need. STAFF CHANGES The Upper Room Café - There have been a number of staff changes.. Beci Boyd joined as a Café Supervisor in January 2023. Bethan Holmes, Beth Pugh, Ethan Davids, Jodi- Beth Chidlow and Tilly Kates have been employed as café workers during the year. Amy Killingbeck joined as a youth worker in September 2023, Liz Woods retired as Parish Administrator is July 2023. Maddy Prescott joined as Administrator in August 2023. PROPIATIIS The Parish Church - no major works were carried out in the year. St Cuthberts Church- no major works were carried out in the year. The Upper Room-The roof on the building was replaced and solar panels installed 08kfi61dA ve ~ No major works were required during the year. Warren A ve - No major works were required during the year. 4 Cuthbert Road - Work and redecoration was carried out to prepare the property for the arrival of the new minister. 5. FINANCIAL REVIEW The Parochial Church Council (PCC) of the Eccelesiastical Parish of St Mary, Cheadle registered for VAT on 01 May 2023. A. ST MARY'S St Mary's 15 reporting a deficit on unrestricted funds in the year of £103.442 compared with a surplus of £158,070 last year. St Mary's benefited from a generous donation in 2022 which accounts for most of the £233,739 reduction in unrestricted income. Unrestricted expenditure was £27,773 more than in 2022. £25.570 was spent from unreslricted funds on the roof replacement. utilities costs continued to rise but were offset by reductions in other expenditure. THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERrJ . ST CUT11B￿￿$ St Cuthberl's is reporting a deficit on unrestricted funds in the year of £49,165 compared with £34,118 def icit last year. If the depreciation charge is removed then there is a deficit of £10,307 in cash terms. Income increased in the year by £6.703 due to a £2000 increase In giving and the church weekend away. Expenditure increased by £21,741 with the major increases being work on 4 Cuthbert Road, utility costs. church weekend away and parish share. c. IN￿sTm￿NT Funds held awaiting expenditure and the reserve5 of the PCC are held in charity appropriate deposit5 and investments bearing interest at competitive rates. . RM*RVW• Pou¢Y The PCC reserves policy is to hold sufficient cash balances to ensure that in an unforeseen emergency situation it can meet all of its financial obligations as and when they fall due. As a going concern the PCC undertakes a detailed annual budget review and a regular review of the level of reserves required to maintain cash flow, The PCC aims to keep at least two months committed running costs in general reserves. The PCC feels that this sum is adequate to maintain cash flow and would cover any liabilities that would fall due if the churches were to cease activities with immediate effect. In all likelihood. any cessation of the churches, activities would most likely be foreseen and planned so that all of the churches financial obligations were met. 6. PLANS FOR FUTURE PERIODS During the coming year the PCC intend to.. upport staff and congregation5 and welcome the arrival of the ncw Rcctor Continue to implement the vision for the Parish. Continue to implement the new structures reouired to deliver the Vision. Increase and improve the usage of the Upper Room by church and outside groups to enhance the church'5 ministry. Continue working towards being carbon neutral by 2030. Engage with wider church issues including Living in Love and Faith and clergy wellbeing Continue to investigate additional ways of increasing funds available to enable us to continue what we feel God is calling us to do Support the Trustees of the Upper Room INDHPENDRNT BXAMJNER A resolution to reappoint Eric Langer of Langer & Co as independent examiner to the PCC will be proposed at the Annual Parish Council Meeting on. Ap oved by th• PCC on 08 May 2024 and slgned on Its behalf by Mr S Mealand Lo o *r r v ¢ o THE PARISH OF CHEADLE ST MARY (THÉ CHURCHESOF ST MARY AND ST CUTHBERT) BALANCE SHEET ASAT JI DECEMBER2023 2023 2022 St Mary's St Cuthbert'S Total Total Note Flx•d AvJet¥ Tangible Assets 427,848 255,919 683.767 684.545 Investmer)ts 1,393 1.393 1,238 429. 241 255,919 685,160 685,783 Current Ass•ts Stock 2.113 2,113 1.850 Debtors 24.886 5,222 30.108 67.282 Inter-church 11.027 (11.027) Short term deposits 21.796 21.796 21,119 Cash at bank and in hand 107.716 55.478 163,194 351.836 Total Cyrr•nt A8$et$ 167.538 49.673 217,211 441087 Llabllltl•s: amounts 14111ng due wlthln on• y•ar (21,119) 14,065) (25,184) (31,081) N•t Current Ava•ts 146.419 45.608 192.027 411.006 Llabllltl•s: amounti falllng duo aft•r moro than on• y•ar (28.835) (28,835) (31,161) Net Ass•t• 546,825 301,527 848,352 1,065,628 Fund• Unrestrictèd 396.733 226,396 623.129 775.736 Restricted 150,092 75.131 225,223 289,892 Total Funds 546.825 SOl,527 848.352 1,065,628 ed b the St Mary's and St Cuthbert's PCC and signed on its behalf by,. Mr S Mealand Date.. 08 Nay 2024 Mr$ D•vld•, (Tr••sur•r) THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MAIY AND ST CUTH8ERD CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DRCEMBER2022 2023 2022 Caih flows frorn Operatlng Actlvltl•s Net Cash Used by Operating Activities as shown below 125,555 133.933 Cash Flow• from Inv••tlng Actlvltl•s Interest Received 21.541 10,567 Purchase of Property, Plant & Equipment (81.336) (11,045) Purchase of Investments Net Cash Provlded by Inv•8tlno Actlvltl•s (59,795) (478) Cash Flow$ from Flnanclng Actlvltl•i Repayment of Amounts Borrowed (2,617) (2,907) Net Cash Provld•d by Flnanclng Actlvltl• (2.617) (2,907) A*B* Overall Cash Used by all Actlvltlos (187,967> 130,548 Roconcllljtlon of net Incom• to n•t cash flow from operatlng a¢tlvltl¢s Net income as shown in the Statement of Financial Activities Adjustment& for Depreciation ch8rges Net unrealised gain5 on investment assets Dividends, interest and rents from investments Increase in stocks Decrease in debtors (217,276) 100.124 82.114 1156) (21,541) (263) 37,174 (5,607) 68,128 123 (10,567) (1,580) (30.250) 7.955 Decrease in creditors, excluding loans Net caih uled by oporatlng actlvltl•s (125.555) 133.933 12 THE PARISH OF CHEADLE ST MARY ITHE CHURCHES OF ST MARY AND ST cufHBERT) CASH PLOW STATEMENT por4 THE YIAR INDED 51 DICEMBER 2025 - Contlnu•d 2023 2022 Analyil• af cash and cash equlval•nt$ Cash in hand at for the year ended 31 December 2021 184,989 372,955 Total cash and cash equlvjlenti 184,989 372,955 Analysls of change In nèt debt At Start of Cash Flows Year 372,955 (2.907) <31,161) At End of Year 184,989 (2,617) (28,835) Cash Loans falling due within one year Loans falling due after more than one year (187,966) 290 2,326 Total 338.887 <185,350) 153.537 13 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEMBER 2029 NOTES TO THE FINANCIAL STATEMENTS FOR THE YIAR ENDED 31 DECEMBER 2023 AccouNTING POLICIES Regulatlon and Conventlon The accoLJnts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and Accounting and Reporting by Charities., Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), Charities SORP(FRS102). as amended by Update Bulletin 2, effective January 2019. The accounts have been prepared in accordance with applicable charity law in England this being the Charities Act 2011 and $12008/629 (Charities Accounting and Reporting Regulations) and. pending the making of replacement Regulations specific to Charitie5 SORP (FRS102) in accordance with Reg.8(4)(d) of Sl 2008/629, the charity truslees have departed from the requirement of Reg.8(5) by following Charities SORP IFRS102) instead of Chèrilies SORP (FRSSE) to the extent necessary to give a true ar)d fair view in the circumstances. The charity constitutes a public benefit entity as defined by FRSIO2, In preparing the accounts the trustees have considered whether in applying the accounting policies required by FRS102 and the Charities SORP FRS102 8 restatement of comparative items was needed. No restatement5 were required. Church groupi These accounts only recognise transactions, assets and liabilities for which the parochlal Church Councll Is responsible In law. Thi5 includes 11 i¥ dLLiviLies ur recognised church groups, but they do not include ihe accounts of church groups that owe their main allegiance to any other body nor of those that are informal gatherings of church members. Fund8 Funds are classified as unrestricted or restricted. Unrestricted funds are all those funds of the parish that are not subjected to any restrictions regarding their use in connection with the general purposes of the PCC. Some unrestricted funds are designated for particular purposes by the PCC. but remain as unrestricted funds for all accoLJnting purposes, Restricted funds are those giverb for specific purposes of the PCC or for specific external beneficiaries and remitted to them. A number of funds exist which are outside the control of the PCC and so are not included in these accounts. Income from endowments that can be used by the PCC is recognised in these accounts when received. Categorle$ of Income and Income recognltlon All income is recognised once the Parish Council has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income from government and other grants. whether capital or revenue, is recognised when the Parish Council has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable the income will be received and the amount can be measured reliably and is not deferred. 14 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 DECEMBER2023 Legacies are recognised when the Parish Council has been notified in writing of both the amount and settlement date. Income from investments is included in the year in which it is receivable, Tanglble Ilxed as8•ti Consecrated and beneficed property and improvements to consecrated property is not included in these accounts in accordance with Section 96(2) (a) of the Charities Act 1993. Items of property and other tangible fixed assets that cost in excess of £1,000 are capitalised at cost or at a value attributed by the Council when originally capitalised. Iterns that cost less than £1,000 are written off as an expense when acquired. The building of St Cuthbert's is not dedicated, but as It is on land given for the use of the church building,. it has been treated as a consecrated building and so has not been valued or included In the accounls. However. subsequent improvements to the premises annexed to St Cuthbert's have been capitalisecl at cost and will be amortised over their expected useful lives. Depre¢latlon Provision is made on a straight line basis as follows'.- Upper Room kitchen - 100% in year incurred other short term assets 20% per annLJm Long term assets - 5% per annum Taxatlon Income tax. which is by law recoverable by the Parish Council, is recoonised on gift aid donations up to the year end although it may not be claimed or received until the next accounting period. Recognltlon of Ilabllltles and •xpendltura A li43bility. &nd the related expenditui"e, 15 1"ecognibed wlivii d ui Lvii¥lruclive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in selllement. and when tho amount of the obligation can be measured or reliably estimated. Costs of raising funds comprise the c05t5 associated with attracting voluntary income and the costs of trading for fundraising purposes. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be directly allocated to such activities and those costs of an indirect nature necessary to support them. Fln•n¢lal Instrum•nti Includlng cash and bank balances Funds classed as Fixed A55et Investments are initially recognised at transaction value and subsequently measured at their settlement valLJe at the balance sheet date. Cash held by Ihe charity is included at the amount actually held and counted at the year end. 8ank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled lo the bank statements. 15 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAII ENDED31 OECEMBER202Y INCOMING RESOURCES 2023 st Maryls 2023 UR st Cuthbort'$ 2023 UR 2025 Donatk*ns and L•g•¢141 Planned Glvln9 Unplanned givlng Grant Inromè Le9acies 299.448 5.200 105,800 19,765 135,921 6.175 1,744 52,168 750 500 40B.448 159,859 54.662 500 321,455 189.289 112.725 625,469 2b Ch•rlt•bl¢ A¢tlvltl•1 F•es r•c8lved 6,347 89,858 7.842 599 6.646 89,858 11,569 Hou5eparty ¢ontrlbutlon$ Income from ¢hur¢h &ctlvltles 3.727 11,365 1.019 1,484 13.868 1IS.412 1.019 5,810 121241 2¢ Investm•nts Upper Room/Chur¢h hir• Income 12.942 6,997 150 13.092 6.997 Properly 51ental Bank interest recpfvoble In¢rea$e In ¥81ue on Invfrstinvnt aGGo¥nt 1,406 1S5 46 1,452 Iss 21.500 196 21,696 2d Oth•r In$uron¢e Claim TOTAL INCOMING RESOURCES 458.367 190.308 118,731 767,406 16 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MAAY AND ST CUTHBERT) NOTES TO THE FINANCIAL STATEMENTS FQR THEYEAR EIWED 31 DECEMBER2V23 INCOMINO RES¢JJRCES (￿￿rnNuED1 2022 st Mary'l 2022 UR St Cuth￿rt*S 2022 UR 2022 Donatlons and L¢g•cl?$ Planned Givin9 unplann•d 9lvlng Grant Incorne Logaclg$ 316.979 3.175 251.193 5,925 7,607 20.075 3,086 104.991 5,064 425,145 262,182 28,16S 3,086 578.865 29,175 110,538 718.570 2b Ch•rltJble Actlvlt1è5 Fees recelved 8.282 83,920 920 9.202 83,920 Café Hou5eparty contrlbutions Incom• from ¢hur¢h actlvltle$ 10,618 1,433 547 12,598 102,820 1,433 1,467 105.720 2c Inv•stmenti Upper Room/chur¢h hlre Income 9,695 324 9,695 324 Property Rental B)nk interè$t re¢elvablg D•¢f•asè In value on Inveslment a¢count 525 23 SAA 0231 {123) 10.421 25 10.444 2d Othor In$urance Clalm TOTAL INCOMING RESOURCES 692,106 30.608 112.028 034,742 1T THE PARISH OF CHEADLE ST MARY (THE CHUACHES OF ST MAAY AND ST CUTHBERT) NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR EMDED310ECEM8eR 2023 COST OF CHARITABLE ACTIVITIES This include5 activity directly undertaken by the Church together with grants and donations paid to other organisations. Missionary giving at St Nary's paid out of unrestricted funds was divided between.. Crosslinks, Gospel for Asia, Service of Hope Charity. OMF International, UCCF, Kairos Media Trust, 8ible Encounter Trust. Message Trust, Christians in Schools Trust and The Church Society and an eleventh part is used to support individual projects at the discretion of the missionary Support group, Out of the monies received we also cover affiliation/support fees to Care for the Family, The Evangelical Alliance, Evangelical Fellowship in the Anglican Communion, The Christian Institute. Truo Freedom Trust and the North West Partnership. Restricted gifts have been paid to agencies in accordance with the donor's wishes. St Cuthbert's gives to mission partners in the proportion5 60% for overseas mission divided equally between CMS, OMF and Dean and Paula Finnie in South Africa.. 20% for Home mission support (divided equally between The Message Trust, Chelwood Foodbank Plus, Christian5 in Schoo15 Trust. and Biblc Encounter Trust., and the remaining 20% for the support of other churches and missions in need. St Mjrvs 2023 UR St Cuthbert's 2023 Total UR 2023 R•liln9 Fund• FundrJl$lng Costs Thanksgiving Campal9n Mortgage Interest 1,812 137 4,600 6,423 137 2,585 2.5e5 4,534 4,600 9,145 5t Mar￿1 2022 UR st ¢uthbort'4 2022 UR Total 2022 Rthlilng Funds Fundralslng C0515 Th4nk$givlng Campalgn Mortgage Interest 443 89 534 141 1.633 1,633 2,217 2.308 18 THE PAR15H OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST cufHBERT) NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENOED 91 DECEMBER2023 2025 st Marv8 2023 UR st Cuthbgrt15 2023 UR 2025 3b Charltable Actlvltles Resources- Malntenance 65,135 61,517 6,303 1,815 842 190,299 18,951 14,458 784 274,585 75,975 7.336 1,897 3,900 Resources- Utlllties Chlldren and Youth Discipleshlp Evangèllsm Mlni$try (including parlsh share and mlnlstry 249 82 3.OS8 ISS.437 763 11.764 1,060 69.024 272 236,225 2,095 15.896 47,050 98,123 106,158 14,550 7.441 Social and Community Worshlp Mlsslon 12,239 35,925 95,8>9 IOS,770 10.144 152 3,547 11,125 1.224 Finèrtee and Adm5n Café 388 Church W*okend Away Pastoral 4.406 336 6,953 Capltal expendlture Depreclation Governance costs 3,702 1,632 25,838 38.858 760 13,716 82,114 2,392 Subtotal 557,275 236.661 167￿85 13.716 975.537 TOTAL RESOURCES EXPENDED 501,809 241.￿7 107.890 13,710 984,082 NET INCOME/OUTGOING <103,402> (50,953> (49,165) (13.716) (217.256) RESOURCES Included In th¢ •bO￿ •re,' Independent Examlnatlon fee Other fees pald to Independent Exarnlner 1,520 760 2,280 1.520 760 2.280 19 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 DECEMBER 2023 2022 St M•ry'i 2022 UR St Cuthbertl$ 2022 UR 2022 Charltable Actlvltlès Sb Resour¢es- Malntènanco R•sourc•s- Utlllli•$ 31,671 51,812 3,416 2,387 7.592 20,025 9,843 11.152 172 fj1,539 62,964 3.695 2.412 9,573 Chlklren and Youth Dlsclpleshlp Evangelism Mlnlstry Ilncludln9 par15h share and mlnlstry salarles) Soclal and Communlty Worshlp Mlsslon 107 25 1,981 IS6.329 2,052 9,106 44,889 97,S99 115,374 3.446 7,413 75 64,591 225 224,366 3,688 12,852 57,449 100.838 3.671 11.760 2.813 800 Finan¢• and Admln Café 426 115.574 Church Weekend Away Pastoral 532 615 555 1.702 5,482 68,128 2,24B Capital expendlture Depreclatlon Governance costs 2.476 5,056 1.528 3.006 12,853 38,638 72Q 11,581 Subtotal 531,819 42.766 144144 11,581 732.310 TOTAL AESOURCES EXPENDED 534,036 42.855 146,146 11,581 734.ola NET INCOME/OUTGOING RESOURCES 154070 02,247) (34,118) (11,581) 1¢)0.124 Includ•d In th• above are: Indepe1￿ent Examinatlon f¢¥ other fees pald to Independènt Extmln•r 1,440 720 2.160 1,440 720 2,160 20 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHMERT) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEARENDED310EeEMBEM 2023 STAFF Staff costs st Mary's UR St ¢uthb•rt' UR 2023 2023 Salarl•s, bonèflt & pensl¢)n ¢osts Gross Salary Employers national insUr￿ce 172.150 5,460 4,912 299 5.513 103 182.575 S.862 Employers p•nsion 4.836 128 4.964 Total 182,446 5,211 5,744 193.401 St Mjry's st Cuthbervs UR 2022 2022 501orle$, benefit & penslon costs Gross Salary Employers natlonol Insurance 165,891 4.512 3,323 169,214 4.512 Ernployers pen51on 4,338 30 4,368 Total 174,741 3.353 178,094 Stalf Numb¢ri for St Mar*s and St Cuthb•rt'8 2023 2022 Full tlme oqulvalent staff (number) No employee earned in excess of £60.000. Thè PCC operates a defined contribution pension scheme in respect of the staff. The scheme and all its assets are held by independent managers. The pension charge represents the contribution5 due from the PCC and amounted to £4,964 (2022 - £4,368). 21 THE PARISH OF CHEADLE 5T MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) NOTES TO THE FINANCIAL STATEMENTS FQR TrIEVEAR ENDED 310ECÈMÈER2023 FIXEC• ASSETS Fr•ehold l•nd & bulldlngi st M•ry'8 Frèehold Equlpmgnt land & and furnltur• bulldlng8 St M)ry' st Cuthb•rt's Equlpm•nt TOt)I and furnlturè st Cuthbert. 411,959 1,053,045 4.426 (2,394) 357,895 66,235 (2,700) 8fj.522 1,909.421 81.336 19.7371 Addltlon$ 10,675 14,643) DIsp￿all Cost as at 31.12.25 411,959 1.055,077 421,430 92,554 1.981.020 Depreclatlon ai at 1.1.25 Charg• for the year Dlsposals 42,948 7.IS8 764,693 47,773 (2.3941 335,753 22,382 (2,700) 81,482 4,801 14,643) 1,224.876 82,113 19.757) D•pr•clatlon a• at 31.12.23 50,106 810,072 355.435 81,640 1,297,252 Not book valu• as at 1.1.23 369.011 288,352 22,143 5,040 664.545 Net book ¥alu• as at 31.12.25 361.853 245,005 65.995 10,914 683,767 FIXED ASSET INVESTMENTS 2023 2022 Marknt VJlu¢ at l .1.25 1.238 1,361 Addltlon¥ at Cost Dlsposalg al Valu• R•v•luatlon 155 {123) Mark•t Valu• •$ at 51,72.25 1,393 1,238 Investments 4t Mark•t Valu• Comprlsod 2023 2022 CBF Church ol En9land Fund 1.393 1,238 1.393 1,238 22 THE PAR15H OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED81 DECEMBER 2023 DE8TORS 2023 12,337 4,444 778 8,109 770 2022 39,140 11,899 914 12,057 3,154 118 Income tax recoverable St Marys Incoma tax recoverable St Cuthberts Prepayments - St Cuthberts Prèpayments - St Marys Other debtors - St Marys other debtors - St Cuthberts VAT 3670 30.108 67,282 INTER CHURCH Owing from St Cuthbert's to St Marys Owing from St Mary5 to St Cuthbèrt's 11,027 19,332 11,027 CREDITORS 2023 2022 Accruals St Marys Accruals St Cuthbèrt's Other Creditors Advance Income Loan 12.541 4,064 2789 3172 2,617 22.711 5,462 2,907 25,183 31.080 23 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHaERT) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DEGEMBER 2023 FUND BALANCES In¢omln9 Rèsourc• Asot 01.01.23 Resources Expended Transfvr Asat 31.12.23 R•strl¢t•d Fund$ H•ld by St Marys Donatlon5 from Trusts Spèclal C¢llectlon$ and Donatlon$ Chlldren and Youth Work 2057 6.671 4.200 20S7 338 619 (6.9521 (12,0121 9.617 7,224 22,574 1005 7,224 Church Fabric Upper Room Roof Organ Arts Mln15try Warren avenue 170,000 6250 11#2.574> 6250 42 1,019 <1.0611 (6.6021 48,919 19.994 102,731 42.317 19,994 70,107 Le9acy B8115 PCC Projècts Grant$ <21.9491 11101 110,675) Subtotal St Marys 211,Y20 190,307 1241,260) 110,675) 150,092 Held by St Cuthbert's 4 Cuthbort Rd Developmont PCC Projects 78,172 1,5811 (2,1351 66,591 8,540 10,675 Sub totsl St Cuthbert's 78,172 113,7161 10,675 7S.131 Total Re$trlct¢d Funds 289.892 190.307 (254.976) ZZ5,ZZJ Vnre5trlct•d Funds H•ld by St Marys Designated Property D•sl9nated Upper Room Café De51gnat•d church & ¢hur¢hyard G•n•ral 268,798 532 268.798 561 741 (712} 13,552> 1557.544> 9,718 221,127 6,166 121.208 457.625 Sub total St Marys 500,175 458,366 1561.B08) (396,7331 H•ld by St Cuthbtrt. De51gnated. Property Deslgnated. 8uildlng Extension General Fund 102,000 108.267 6S,294 102.000 72.296 52,100 {55,971> 031.926) 118.732 Sub total 27S.561 118,732 1167,895) 226,396 Total Unr•Jtrl¢tod Fund$ 775.736 577.098 (729.705) 623,129 TOTAL FUNDS 1,06S,628 767,40S (984,681) 848,352 24 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED31 DECEMBER 2023 PuRPO8Q OP MAJOR PUNDS: Qeslricted funds have been created by gifts made with specific conditions as to their use, or donations in response to a specific appeal. Designated funds represent unrestricted funds that the PCC has chosen to designate for a Future purpose, or funds that have been applied for the purchase of fixed assets and are therefore unable to be used by the PCC for other purposes. 10. FUNDS St Marys UR St Mary5 t Cuthbert, t Cuthbotys VR TOTAL 2022 2023 2023 2023 2023 2023 Ix•d assets 685.783 277,970 442.087 137.265 151.271 30,273 780,787 49,674 75.131 685,159 217,212 Cu¥¥ent asspig (51,981) 118,5021 <2,617) 14,065) (25,184) Long T•rm Llabllltl95 151.161) (28,855) (28,835) Tolal 7,065.628 396,733 ISO,092 226,396 75,131 848.352 ONTINGENT LIABILITIES AND COMMITMENTS There are no contingent liabilities or capital commilments. 12. TRUSTS CONNICTID TO THI PARISH There are a number of Trusts that have the Rector and Wardens of the Parish of Cheadle as Trustees. The following are the more significant trust5'. The Upper Room, Cheadle. (Formerly known as "Cheadle and Gatley Old Church of England School") Charity number 525948. Holds land at 11 Wilmslow Road which is used as a church hall by St Hary's. Rector and Wardens Cheadle Parlsh Church Bellrlnger Trust (Charity number 503942). Holds funds the interest of which is to keep the Parish Churchyard in good order and repair and to maintain the graves.of members of the Bellringer family. St. Cuthbert's Old School Trust. Holds land at the Old School on Councillor Lane from which St Cuthbert's Old School Nursery runs. There are a number of smaller trusts under the control of the Rector and Wardens, the total income of which was less than £100 in the year. These are.. Allca Smlth Charity, R W Woodhall Churchyard Trust account, Peel Chancel Trust and A J Bancroft Trust. The PCC is the sole beneficiary of the Annle Seddon trust, (Charity number 232751), The trustees paid a donation to the PCC of EIIO during the year and this has been used for the payment of organists, and musicians, fees. In addition. there are two Incorporated Organisations whose busine55 and directors have a personal interest in the Parish.. 25 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) NOTES TO THE FINANCIAL STATEMENTS FOR THEYEARENDEts31 DECEMBER2023 Bible Encounter Trust CIO (Charity number 1179838). As part of missionary giving the Church donated £4,138 to this Trust, Two PCC members are trustees of this Trust. St. Cuthbert'5 Old School Nursery Trust. (Charity number 1153838) Runs the St. Cuthbert's Old School Nursery business, with a charilable object of providing nursery education with a Christian ethos, and whose directors include the associate minister of St Cuthbert's (ex officio), and 2 nominated PCC trustee5. 13. REMUNERATION OF PCC MEMBERS No expenses were paid to PCC members during the year. Some members of the PCC that had purchased goods or services for the use of the Church, a5 agernts of the church were reimbursed for those costs. Jo David5 was employed as Finance Officer and GDPR Administrator during the year. Her appointment as treasurer in 2017 was approved by the Chester Diocese and did not require Charity Commission approval. Sam Munro, son of the Rector, was employed as Café Casual Worker until March 2023. Jess Davids, daughter of a PCC member, was employed a5 a Café Supervisor during the year. Bethan Holmes, daughter of a PCC member, was employed as a Cafe Casual Worker during the year. Ethan Davids, son of a PCC member, was employed as a Cafe CasLJal Worker and cleaner during the year. Beth Pugh, daughter of a PCC member. was employed as a Cafe Casual Worker and cleaner during the year. Jodi-8eth Chidlow. wife of a PCC member. was employed as a Café Casual Worker and cleaner during the year. The Rector of Cheadle was paid by CDBF for his services rendered to the parish at standard clergy pay scales. Such remuneration was funded indirectly by the PCC through the Parish share. Revd M Newman, Revd S Tomalin and Revd I Chidlow are paid a stipend and pension by CDBF. They are also provided with accommodation, payment of Council tax, water charges and buildings insurarnce. 26 THE PARISH OF CHEADLR ST MARY (ThE CHURCHES OF $7 MARY AND ST CUTH8ERT) NOTES TO THE FINANCIAL STATEMENTS FOR THEVEAAENQ£D31 DECEMBER202a INDmPINDEpif EXAMINERS RIPORT TO THI PAROCHIAL CHURCH COUNCIL QF TH #C¢LESIASTICAL PARISH QF ST MARY. CHNADLII I report to the trustees on my examination of the accounts of The Parochial Church Council of the Eccleslastical Parish of St Mary, Cheadle (incorporating Ihe Church¢s of St Mary and St Culhbert) (PCC) for thè year ended 31 December 2023 RupicTi￿ RUPOW¥iBILIYII• OF TMI TRUITIUAMD THI INDIPINDINT IXAMINIII As Ihe charity trustees of the Trust you are responsible for the preparation of the accounts in aCCDrdance with the requirements of the Charitles Act 2011 ('the Act,). I report in respect of my examinatlon Df the Trust's accounts carried out under section145 of the 2011 Act and In carrying out my examination I have followed all the applicable Directions given by the Charity Commisslon under section 145(5)(b) of the Act. INDIPINDINT UxAMINuVs STATIMRNT Since the Trust's gross income exceeded É2SO,000 your examiner must be member of a body listed in section 145 OF the 2011 Act. I confirm that l am qualified to undertake the examination because l a member of The Institute of Charterod Accountants In England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in conrbection with my examinatlon giving me ca4Jse to believe that in any n)aterial respe¢t-. CCOLJntlng records were not kept in respect of the Trust as required by section 130 of the Act: or the accounts do not accord wlth those records., or the accounts do not comply wlth the applicable requirernènts concerning the form and content of accounts sol out in the Charities (Accounts and RÉports) Regulation$ 2008 other than any req￿[rernent that the accounts give a 'true and fair view, which is not a matter consldored as 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 thls report in order to enable proper understanding of the accounts to be reached. 20 May 2024 ric Langer Bsc FCA Date Independent examiner Chartered Accountant 8-10 Gatley Road Cheadle Cheshire SK8 IPY 27