Cheadle PARISH Parochial Church Council of the Ecclesiastical Parish of St Mary, Cheadle Financial Statements For the year ended 31 December 2024 Charity Number: 1134783 Incorporating the Churches of St Mary St Cuthbert THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) REPORT OF THE PCCTO THE MEMBERS OF ST MARY'S AND ST CUTHBERT'S CHURCHES FOR THE YEAR ENDED ai DECEMBER 2024 REFERENCE ANDADMINISTRATIVE INFORMATION: MEMBERSHIP OF THE PAROCHIAL CHURCH COUNCIL Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representatlon Rules. During the year the following served as members of the PCC: Incumbent Rev George Crowder (from 14/04/24) A$so¢lat• Mlnlst•rs Rev S Tomalln Rev I Chidlow Ll¢•ns•d Pastoral Work•r R. Ormiston Wardens S Parikh R Navesey l Howard (Deputy Warden) C Salisbury (Deputy Warden) Repros•ntatlve on th• General Synod Representatlve on th• Dlocesan Synod F Goode G Lowcock Repre$•ntatlv•8 1)n the Dean•ry Synod F Goode J Harri5 G Lowcock T Wells J Berry P. Berry R. Ormiston El•cted Memb•rs St Mary's H Gray Ifrom 08/05/24) S Holmes N Hooper M Killingbeck (from 08/05/24) T. Phillips (to 08/05/24) L. Read (to 08/05/24) P. Wells St Cuthbert's J. Davids A Pugh W. Richbell-Brown PCC S•¢retary S Mealand THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) Incumbent: Rev George Crowder Parlsh Offlce: The Upper Room 11 Wilmslow Road Cheadle Stockport SK8 IDW Bankers: CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Natlonal Westminster Bank PIC 250 Bishopsgate London EC2M 4AA CCLA Investment Management Ltd HSBC Senator House 85 Queen Victoria Street London EC4N 4TR Independent Examlner: Steven Nixon Langèrs MN Limited 8-10 Gatley Road Cheadle SK8 IPY THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST 14ARY AND ST CUTHBERT) INTRODUCTION The Parochial Church Council (PCC) of the Parish of St Mary. Cheadle presents its reports and financial statements for the year ended 31 December 2024. The Parish is a part of the Church of England. in the Diocese of Chester, Parish number 1203 and is located in the Deanery of Cheadle. The legal and administrative information set out on pages 2 and 3 forms part of this report. These financial statements comply with the current statutory requirements. Church Accounting Regulations and the Charities SORP (FRS102). as amended by Update Bulletin 2. effective January 2019. Note is also made of the recommendations of "The Charities Act 2011 and the PCC" 4 edition published by Church House in 2013. I. STRUCTURE GOVERNANCE AND MANAGEMENT CONSTITUTION The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC was registered as a charity in England & Wales on iofh March 2010 under the name "The Parochial Church Council of the Ecclesiastical Parish of St Mary, Cheadle" Charity Number1134783. The PCC operates under the registered working name "Cheadle Parish PCC" The appointment of PCC members is governed by and set out in the Church Representation Rules. RECRUITMENT. INDUCTION AND TRAINING OF PCC MEMBER5 The PCC is made up of individuals voted by the APCM. for a three year term and ex-officio members comprising clergy, licensed workers and Diocesan and Deanery Synod representatives. We have developed a formal induction and training of PCC members. In addition we ensure that members of the PCC who have specific responsibilities (such as for klealth and Safety. Disability Discrimination. Child Protection and Finance) are able to do so. either by their external experience, training or by support provided by the Diocese. ORGANISATION SThucTURE Sub-Groups.' Four sub-groups report directly ar)d regularly to the PCC: Finance & Standlng Commlttee CF&S) This is the only committee required by law. It has power to transact the business of the PCC between these meetings, subject to any directions given by the Council. It oversees the general financial dimension of the work of St Mary's and St Cuthbert's. Membership 15 the Rector. the Associate Minister of St Cuthbert's. A550ciate Minister of St Mary s, the Wardens of St Marys. the Parish Treasurer. the Deputy wardens and Treasurer of St Cuthbert's, the PCC Secretary and up to two nominees of the PCC, this currently includes the Operations Manager. St Mar￿$ Coordinating Group (SMC) Altends to matters relating to St Mary's in between full meetings of the PCC subject to any directions given by the Council including matters in relation to the following properties.. St Mary's Church and churchyard. the Upper Room. 22 Wilmslow Road. I Warren Avenue and 39 Oakfield Avenue. Membership consists of those members of the PCC listed on the church roll for St Mary's. THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTH8ERT) St Cuthborvs Coordlnatln9 Group ISCC) Attends to matters relating to St Cuthbert's in between full meetings of the PCC subject to directions given by tho Council. including matters in relation to the following properties.. St Cuthbert's Church, 4 Cuthbert Road and Councillor Lane Old School. Membership consists of those members of the PCC listed on the church roll for St Cuthbert's. HR Commlttee The primary role of the Human Resources Group is to deal with HR matters confidentially and make recommendations to the PCC. The Group will recommend ways to improve the PCC'S policies and procedures as employers. as well as carrying out an annual employee pay review. Teoms." Each church operates with additional -Teams" who report and are accountable to the Finance and Standing Committee, to the respective Coordinating groups and to the PCC in their respective areas. These advise and make recommendations for consideration on matters relevant to their ministry area. The membership of these Teams consists of a Staff-designated overseer, one or two Lay overseers. and as many others actively involved in those ministry areas as the Team requires. The Ministry areas in which Teams function are.. Life: Dealing with matters relating to adult discipleship and evangelistic outreach. Famllle5: Dealing with matters relating to work with children. yOLJth and their parents. Communltles: Dealing with matters relating to pastoral care, social activity. community and social action, and extra-parochial mission support. Worshlp: Dealing with matters relating to church worship and prayer. Operatlons: Dealing with matters relating to employment. property and finance. Other Teams may also be formed. as part of one of the Team.£. fnr partirular tasks. When formed. they also report to the F&S, respective Coordinating groups and the PCC. Examples of which include.. Upper Room Café Management Group: Managing the Upper Room Café and the development of this ministry. RISK The PCC monitors risk and takes steps to minimise the potential impact. Areas identified include safety of the r)remises, safeguarding. HR advice and the carrying of reserves to cover financial commitments. The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops, guidance on safeguarding children and vulnerable adults). 2. OBJECTIVES AND AcriviTIES OF THE PCC The primary object of all PCCS is the promotion of the Gospel of our Lord Jesus Christ according to the doclrines and practices of the Church of England. In particular and under the PCC (Powers) Me6sure 1956 the PCC is to co-operaLe with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral. evangelistic, social and ecumenical. CONTRIBUTION OF VOLUNTEERS The churches are indebted to the large number of volunteers who carry out work at all levels It has not been practical to quantify the contribution. but for example numerous THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERD members of the congregation are working with children and youth or) any given weekend in teaching and club nights. members prepare the church for services and enable it to be open at times during the week. rnembers assist the clergy with services. work on outreach. run home groups and ensuring that the different church buildings are clean tidy and ready for use. There are also an increasing number of members who generously volunteer their professional time. GRANT MAKING The PCC grants a proportion of income (currently lo%) to the Missionary Committees at each church to contribute to external missionary organisations. Payments are split between Home and Overseas and Anglican / non-Anglican agencies as recommended by the committees. Agencies supported in 2024 are given in note 3. 3. REVIEW OF ACHIEVEMENTS AND PERFORMANCE We have a fantastic team of people within our churches across the parish. both employed and voluntary who work so hard to bring God's kingdom closer in our communities. A review of activities against our objectives and report5 of the activities of individual groups withirb the parish are summarised in the Annual Report. CHURCH MEMBERSHIP As at 30 April 2025, there were 217 parishioners on the church electoral roll for St Mary's (2024-298.2023-313. 2022-324. 2021-330. 2020-331. 2019.328. 2018-379. 2017-39I2016-387.2015- 379. 2014- 387 2013-374J a nd 86 on the electoral roll for St Cuthbert's C￿24.122. 2023-LIO. 2022-P30. 2027-139. 2020-137. 2019-IJ9, 2018-164. 2017-773. 2016-170. 2015- 1&120M- 162, 2013-135.) giving a total for the Parish of 303. (2024-420. 2023-443.2022-454.2021.469,2020-468, 2019.447. ￿18-51s. X)17-564.2016-557. 2075-542. 2014- 549, 2013-507. 2012-550. 2011.558 2010-544. 2009.538. 2008.51& 2007-4741 (NB There has been a complete revision of the Electoral Rollin 2025. Otlper complete revisions of the Elector8/roll were done in 2019. 2013and2007) 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 is 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 elements, occasional alternative service formats and provision for children and young people. including a crèche Evening Service.. an informal reflective service and prayer focus 5,00pm THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) In both chLJrches, all services include a sermon/lalk 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. Other services are St Mary's Thursdays 2.30pm Book of Common Prayer Service St Cuthbert's Wednesdays 12.OOnoon - Lunchtime Communion Wednesdays and Fridays.. 8.30am Prayers in church In addition the two churches carry out baptisms, weddings, confirmations. etc. 4. PCC SECRETARY'S REPORT Between May 2024 and the APCM in April 2025. the PCC met 6 times all of them in per50n, but on some occasions with someone joining via zoom. We met on 20 May. l July, 23 September, and 25 November 2024 and on 27 January and 10 March 2025. The PCC also met in January 25 to spend a day praying through and looking at the vision for the Parish The PCC assisted George Crowder as he settled into his role as our new Rector. The PCC has throughout the year monitored the finance5 of the Church and set the budgets for the coming year and looked at financial planning for the next 10 years. In November the PCC resolved to pay our Parish Share, as calculated by Chester Diocesan Board of Finance. through the Complementary Parish Share scheme (CPSS). The PCC also continued to support the ministry of the Upper Room Café. The PCC dealt with the appointment of Beth Pugh as Parish Ministry Trainee. In January we approved the budget for the Parish. STAFF CHANGES The Upper Room Café - There have been a number of Staff changes: Klaudia, Jess, Bethan, Beth, Ethan and Jodi-Beth all moved on to other opportunities. Hector Molina Gonzalez joined as our cook in June 2024 and Sonia Dai joined as shift supervisor in May 2024. Beci Boyd and 8ecki Bell became joint managers. Tilly Kates, Chloe Holland- Fleming, Daisy Ellis. Levi Liston and Maddy Prescott have been employed as café workers during the year. John Turkington retired in March 2024 after 9 years service and Wendy Morris joined our cleaning/caretaking team in May 2024. Tracy Elliott retired at the end of December after six years service. PROPERMES The Parish Church - work was undertaken on minor repairs as identified at the last Quinquennial Inspection. St Cuthberts Church - the emergency lighting was replaced and a programme of changing to led lighting continued. The Upper Room -Two meeting rooms were redecorated and the hand dryers upgraded throughout the building. OakfieldA ve - No major works were required during the year. Warren A ve -. No major works were required during the year. 4 Cuthbert Road - Work was carried out on repointing the roof ridge caps. THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) 5. FINANCIAL REVIEW The Parochial Church Council (PCC) of the Ecclesiastical Parish of St Mary. Cheadle registered for VAT on 01 May 2023. A. ST MARY'S St Mary's is reporting a surplus on unrestricted funds in the year of £78,233 compared with a deficit of £103.402 last year. Income increased by £188.163 due in part to a generous donation. letting out Oakfield Ave and increased income from trading activities. Unrestricted expenditure was only £6.488 more than in 2024. Expenditure was lower on buildings maintenance and utilities but staff costs increased with some costs being previously paid from restricted giving_ . STCUTHBERVS St Cuthbert's is reporting a deficit on unrestricted funds in the year of £43,361 compared with É49.165 deficit last year. If the depreciation charge is removed then there is a deficit of £5.477 in cash terms. Income increased in the year by É1.744 and expenditure decreased by £4.060. c. INVESTMENT Funds held awaiting expenditure and the reserves of the PCC are held in chérity appropriate deposits and investments bearing interest at competitive rates. o. RESERVES POLICY 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: Support staff and congregations in prayer. rest and growth Engage the congregation in a vision for the parish and develop a strategy for the next 5 years Continue to implement a 10-year plan for buildings maintenance Improve communications and IT infrastructure Increase and improve the usage of the Upper Room and the church building by church and outside groups to enhance the church's 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 INDEPENDENT EXAMINER THE PARISH OF CHEADLE ST MARY (INCQRPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) A resolution to reappoint Steve Nixon of Langers MN Limited as independent examiner to the PCC will be proposed at the Annual Parish Cour)cil Meeting. Approved by the PCC on 30 Aprll 2025 and slgned on Its behall by Rev George Crowder ¢5) O) Ln cr u J o (D (J THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MAAY AND ST CUTHBERT) BALANCE SHEET ASAT 31 DECEMBER 2024 2024 2023 St Mary's St Cuthbert's Total Total Note Flxed Ass•t$ Tangible Assets 406.724 204.979 611.703 683,767 Investments 1,464 1.464 1,393 408.188 204.979 613.167 685,160 Current As¥et$ Stock 2.422 2.422 2.113 Debtors 49.057 9.630 58.687 30,108 Inter-church 28,387 (28,387) Short term dep051ts 22.953 22.953 21.796 Cash at bank and in har)d 146.113 63.263 209.376 163.194 Total Current Ass•ts 248.932 44,506 293.438 217,211 Llabllltl•s: amount$ falllng due wlthln one yHr (40.948) (4.717) (45.665) (25.184) Net Current Ass•ts 207.984 39.789 247.773 192,027 Llabllltl•s: amounts falllftg due afker more than on• y•ar (25.947) (25,947) (28.835) Nat Alsots 590.225 244768 834.993 848,352 Funds Unrestricted 474,966 183.035 658,001 623.129 Restricted 115.259 61.733 176.992 225.223 Total Funds 590.225 244.768 834,993 848.352 Approved by the St Mary's and St Cuthbert's PCC and signed on its behalf by.. Rev G Crowder (Rector) Oate.. 30 April 2025 Mrs J L Davlds. (Treasur•r) 12 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) CASH FLOW STATEMENT FOR THEYEAR ENDED31 DECEMBER2023 2024 2023 Cash flows Irom Operatlng Actlvltles Net Cash Provided by Operating Activities as shown below 23.703 (125,555) Cash Flows from Investlng Actlvltles Interest Received 32.980 21,541 Purchase of Property, Plant & Equipment (6591) (81.336) Purchase of Investments Net Cash Provlded by Investlng Actlvltles 26,389 (59.795) Cash Flows from Flnanclng Actlvltles Repayment of Amounts 8orrowed (2,753) (2,617) Net Cash Provlded by Flnanclng Actlvltles (2,753) (2,617) A+B+ Overall Cash Provided by all Actlvltles 47,339 (187.967) Reconcillatlon ol net Income to net cash flow trorn operatlng actlvltles Net income as shown in the Statement of Financial Activities Adjustments for Depreciation charges Net unrealised gains on investment assets Dividends, interest and rents from investmenls Increase in Stocks (13,359) (217,276) 78.656 (71) (32,980) (309) (28.579) 20.345 82,114 (156) (21.541) (263) 37,174 (5,607) Increase in debtors Increase in creditors, excluding loans Net cash used by operatlng actlvltles 23.705 (125.555) 13 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024- Contlnued 2024 2023 Analysls of cash and ¢a$h equlvalents Cash in hand at for the year ended 31 December 2021 232.329 184,990 Total cash and Gash equlvalents 232,329 184,990 Analysls ol change In net debt At Start of Cash Flows Year 184,990 (2.617) (28,835) At End of Year 232,329 (2,752) (25,947) Cash Loans falling due within one year Loans falling due after more than one year 47.339 (135) 2,888 Total 153.538 50,092 203,630 14 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 AccouNTING POLICIES Regulatlon and conventlon The accounts 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 (FRS 102) and Accounting and Reporting by Charities.. Statement of Recommended Practice 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 Sl 2008/629 (Charities Accounting and Reporting Regvlations) and. pending the making of replacement Regulations specific to Charities SORP (FRS102) in accordance with Reg.8(4)(d) of Sl 2008/629, the chariLy trustees have departed from the requirement of Reg.8(5) by following Charities SORP (FRS102) instead of Charities SORP (FRSSE) to the extent necessary to give a true and 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 po5icies required by FRS102 and the Charities SORP FRS102 a restatement of comparative items was needed. No restatements were required. Church groups These accounts only recognise transactions. assets and liabilities for which the Parochial Church Council is responsible in law. This includes the activities of recoqnised church grour)s. but they do nnt inr.liide tho accountg of church groups that owe their main allegiance to any other body nor of those that are informal gatherings of church TP.embers. Funds 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 fLJnds are designated for particular purposes by the PCC. but remain as unrestricted funds for all accounting purposes. Restricted funds are those given 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. Categorles 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 er)titlement 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. 15 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) 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 flxed assets 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 £l.000 are capitalised at cost or at a value attributed by the Council when originally capitalised. Items thal cost less thar) £l.QOO 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 accounts. However, subsequent improvements to the premises annexed to St Cuthbert's have been capitalised at cost and will be amortised over their expected useful lives. Depreclatlon Provision is made on a straight line basis as follows:_ Upper Room kitchen- 100% in year incurred Other short term assets - 20Yo per annum Long term a5sets- per annum Taxatlon Income tax. which is by law recoverable by the Parish Council, is recognised on gift aid donations up to the year end although it may not be claimed or received until the next accounting period. Recognltlon ol Ilabllltles and oxpondlture A liability. and the related expenditure, is recognised when a legal or constructive 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 settlement, and when the amount of the obligation can be measured or reliably estimated. Costs of raising funds comprise the costs 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 benefi ciaries. It includes both costs that can be directly allocated to such activities and those costs of an indirect nature necessary to support them. Flnanclal Instruments Includlng cash and bank balances Funds classed as Fixed Asset Investments are initially recognised at transaction value and subsequently measured at their settlement value at the balance sheet date. Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements. 16 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) INCOMING RESOURCES 2024 st Mary's 2024 UR St Cuthbert's 2024 UR 2024 2a Donatlons and L•gacl•s Planned Glvlng Unplanned giving Grant Income 337,865 140,418 5.377 500 3,574 6.268 4.613 110,612 6.718 400 452.051 153.849 10.390 500 445 Legacies 484,160 14.4SS 117,730 445 616.790 2b Charitable Actlvltlos Fees recelved 8273 106.843 670 8,9d3 106.843 Café Houseparty contrlbutions Income from church actlvltles 9.877 560 1561 71.998 124.995 560 2,231 127,784 2¢ Inv8Stmènts Upper Room/Church hire Income 17,513 13.596 500 18.013 13,596 Property Rental Bank interest receivable Incrèasè in value on investment account 1.356 14 1,370 71 31536 514 33,050 2d Other Insurance Clalm 4.841 4,841 4,841 4.841 TOTAL INCOMING RESOURCES 646,S30 15,015 120,475 445 782.465 17 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) INCOMING RESOURCES (eaNfNLEDI 2023 St Mary's 2023 UR St Cuthbortl$ 2023 UR 2023 Donatl¢ns and Legacles Planned Giving Unplanned giving Grant income 299.448 19.763 1,744 500 3.200 133.921 105.800 6,175 7SO 408.448 159,859 54.662 500 52.168 Legacles 521,455 189.289 112.725 623,469 2b Charltable Aetlvltles Fees received 6.347 89.858 7.842 599 6,646 89,858 11,569 Café Houseparty contributions Income from church a¢tivities 3.727 11,365 1.01 1.484 13,868 115.412 1,019 5,810 122.241 2¢ Investments Upper Room/Church hire Income 12.942 6.997 Iso 13.092 6,997 Property Rental Bank interest receivable Decrease in valuè on Investmènt account 1,406 15"> 46 1452 155 21.500 196 21,696 2d Other Insurance Clalm TOTAL INCOMING RESOURCE5 458,367 190,308 118.731 767.406 18 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT> COST OF CHARITABLE AcriviTIES This includes activity directly undertaken by the Church together with grants and donations paid to other organisations. Missionary giving at St Mary's paid out of unrestricted funds was divided between.. Crosslinks. Gospel fo., Asia. Service of Hope Charity. OMF International, UCCF. Kairos Nedia Trust. Bible 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. In 2024 this included a payment of £300 to Bethan Holmes. the daughter of a trustee, to support her expenses for her ministry year at The Oakes Christian Activity Centre and a payment of £150 to North West Gospel Partnership towards the cost of Maddy Prescott, an employee, to attend a Christian holiday camp as a leader. 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. True Freedom Trust and the North West Gospel Partnership. Restricted gifts have been paid to agencies in accordance wilh the donor's wishes. St Cuthbert's gives to mission partners in the proportions 60% for overseas mission divided equally between CMS (until June 2024). OMF, The Message Brazil (from JLJIY 2024) and Dean and Paula Finnie in South Africa.. 20% for Home mission support (divided eoually between The Message Trust. Chelwood Foodbank Plus. Christians in Schools Trust. and Bible Encounter Trust,. and the remaining 20% for the support of other churches and missions in need. St Ma￿5 2024 UR st Cuthbert's 2024 Total UR 2024 Ral$lng Funds Fundralsln9 Costs Thanksgiving Campaign Mortgage Interest 676 61 737 12 12 2.538 2,538 3.226 3.287 St Mary's 2023 UR st Cuthbert's 2Q23 Total UR 2023 Ralslng Fund$ Fundralslng Costs Thanksgiving Campaign Mortgage Interest 1,812 137 4,600 6,423 137 2,585 2,585 4534 4,600 ii 9,145 19 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTH8ERT) st Ma￿S 2024 UR st Cuthbert's 2024 UR 2024 Jb Charltable Actlvltles R950urces - Malntenance 40229 50,764 4,306 2.566 5,594 13.534 11.330 17,IS8 533 65.093 67,922 4,839 2,385 9,341 Re50urces- Utilities Childron and Youth Discipleship Evangéllsm Ministry (including parlsh share and mlnlstry salaries) Soclal and Community Worship Mlsslon 19 3.747 179.062 1.016 10.808 41,435 107.713 118,354 19 7,187 74,164 366 260,413 1,942 16,637 53,290 110,615 118,354 560 2.428 3.401 11.608 2.902 247 Finance and Admln Café Church Weekènd Away Pastoral Capital Èxpendlture Depreciation Govemance costs 51 423 474 1.576 1.778 26,139 37,344 780 13,596 78,655 2,558 Subtotal 565.071 49.848 163.775 13.843 792,537 TOTAL RESOURCES EXPENDED 568.297 49.848 163,836 13.843 795,824 NET INCOME/OUTGOING RESOLIRCES 78,233 <34033 (43,361 113,398) (13.359) In¢luded In the above aro: Independenl Examination fee Other fees paid to Independent Examiner 1.560 780 2,340 1,560 780 2.540 20 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) st Ma￿8 2023 UR St Cuthbort'5 2023 VR 2023 3b Charitable Actlvlties 190,29 Resources - Maintenance Resources- Utilities Children and Youth Discipleship Evangellsm Mlnistry (including parish sharè and mlnistry salaries) Soclal and Community Worship Mission 65,135 61.517 6.303 1.815 842 18,951 14,458 784 274.585 75,975 7,336 1.897 3,900 249 3.058 155.437 763 11,764 69.024 1.060 272 236,225 2,095 12239 35.925 95,899 105.770 10.144 152 3,547 11.125 2,224 15,896 47,050 98,123 106,158 14.550 7,441 Finance and Admin Café Church Weekend Away Pastoral 4.406 336 6.953 Capltal expenditure Depreciation Governancè costs 3,702 1,632 25,838 38,858 760 13.716 82.714 2,392 236.66 1 167,885 Subtotal 557.275 13,716 975.537 TOTAL RESOURCES EXPENDED 561.809 241.261 16709 13,716 984.682 NET INCOMVOUTGOING (103,402> RESOURCES (50.95 (49,165 3) (13,716) (217.236) Included In the above ar•: Independent Examination fee Other fee5 paid to Independent Examiner 1,520 760 2.280 1,520 760 2,280 21 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) STAFF Statt costs St Mary's UR St Cuthbert's 2024 UR 2024 Salaries, benefit & pension costs Gross Salary Employers natlonal insurance 196.774 4.026 224 9.680 210,480 8,125 7.901 Employers pension 5,103 45 141 5.289 Total 209.778 4,295 9.821 223.894 St Marfs UR st Cuthbgrt's 2023 UR 2023 Salaries. beneflt & penslon costs Gross Salary Employer5 national insurance 172,150 5.460 4.912 5.513 103 182.575 5,862 Employers penslon 4.856 128 4,964 Total 182.446 5.211 5.744 193.401 Staff Numbers for St Mary's and St Cuthbert's 2024 2025 Full tlme equivalent staff (number) No employee earned in excess of £60.000. The PCC operates a defined contribution pension scheme In respect of the staff. Tho scheme and all its assets are held by independent managers. The pension charge represents the contributions due from the PCC and amounted to £5.289 (2023 - £4,964). 22 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) FIXED ASSETS Freehold land & bulldings St Maff￿$ Freehold Equlpment land a and furnlture bulldings St St Mary'5 Cuthberf$ Equlpment Total and furnitur• St Cuthbort'$ Cost as at i .1.24 Additlons Dlsposals 411.959 7,055,077 421,430 92,554 1.981,020 6,591 6,591 Cost as at 31.12.24 411.959 1,055.077 428,021 92.554 1.987,611 Depreclatlon as at 1.1.24 Charge for the year Disposals 50,706 810.072 47.654 355.435 20.556 81.640 3,286 1.297,252 78,655 7,159 Depreclatlon as at 31.12.24 57,265 857.726 375,991 84,926 1,375,907 Nat book value as at 1.1.24 361.8S3 245,005 65,995 10,914 683.767 N¢t book value a¥ at 31.12.24 354.694 197.351 52.030 7.628 611,705 FIXED ASSET INVESTMENTS 2024 2023 Market Value at 1 .1.23 Addltlcn$ at Cost Dlsposals at Value Revaluatlon 1.393 T.238 71 155 Market Value as at 31.12.23 1.464 1.393 Investments at Markot Valu• Comprlsèd 2024 2023 CBF Church ol England Fund 1.464 1.393 1,464 1,393 23 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) DEBTORS 2024 29.942 8,804 826 14.737 4,379 2023 12.337 4.444 778 8,109 770 Income tax recovèrable St Marys Income tax recoverable St Cuthberts Prepayments - St Cuthberts Prepayments - St Marys other debtors - St Marys Other debtors - St Cuthberts VAT 3670 58.687 30.108 INTER CHURCH Owing from St Cuthbert's to St Marys Owlng from St Marys to St Cuthbert's 28,346 11.027 28,346 CREDITOR5 2024 2023 Accrua15 St Marys Accruals St Cuthbert's other Creditors VAT Advance Income Loan 25,597 4.716 4,078 4,802 3.718 2.752 12.541 4,064 3,172 2,617 45,663 25,183 24 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) FUND BALANCES Asat 01.01.24 Incoming Resource RÈsource5 Expended Transfer Asat 31,12.24 Re$tri¢ted Funds Held by St Marys Donations from Trusts Special Collections and Donation$ Children and Youth Work Church Fabrlc Upper Room Roof Organ Arts Minlstry Warren avenue Lega¢y Bells PCC Projects Grants 8iblo 2.057 338 1.313 2,340 3.575 3,370 563 (2,115) (5,073) 1,805 7.224 307 7.224 6.250 (3.40Q> <560) (6,602) (6S96) (19.475) (3,300) 12.428) (300) 2.850 560 42.317 19,994 70,107 35,715 13,398 50,632 3,300 2,428 1.500 Electrical Equipment 1,200 Subtotal St Marys 150,092 15,016 (49.849) 115,259 Held by St Cuthbert. 4 Cuthbert Rd Development Mlssi(247)on PCC Projects 66.591 (11.461) (247) (2.135) 55,130 198 445 540 6405 Sub total St Cuthbert's 7S.131 445 (13,843) 61,733 Total Restricted Fund5 22S.223 15.461 (63.692) 176.992 Unrestricted Funds Hèld by St Marys Deslgnated Property Dosignated Upper Room Café Designated ehurch & churchyard General 268,798 561 268,798 421 697 (837) (1750) (565,711) 6.166 121,208 4.416 201,331 645.834 Sub total St Mary$ 396.733 646.531 1568,298) 474,966 Held by St Cuthbert's DèsSgnated- Propèrty Desi9nated- Bullding Extension Genèral Fund 102.000 72.296 52.100 102,000 36,325 44.710 (35.971) (127.865) 120,475 Sub total 226.396 120,475 (163,836) 183,035 Total Unr•strlcted Funds 623,129 767,006 (732,134) 658,001 TOTAL FUNDS 848.352 782,467 (795.826) 834.993 25 THE PARISH OF CHEADLE ST MARY t Cuthberts trt Cuthberts VR TOTAL 2023 2024 2024 2024 2024 2024 Fixed assets 685,159 217.212 281.557 231.605 126.631 17.327 142,443 44.308 61.535 198 613,166 293,439 Currènt assets (2.752> (4,717) (45.665) Current Ilabllities (25.184) (38,196) (25.947) (25,947) Long Term Liablllties (28,835) 183,035 61,733 834,993 Tot•1 848.352 474,996 175.259 11. CONTINGENT LIABILITIE5 AND COMMITMENTS There are no contingent liabilities or capital commitments 12. TRUSTS CONNECTED TO THE PAR15H 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 trusts: 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 Mary's. Rector and Wardens Cheadle Parish Church 8ellrlnger 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. £1312 was received from the trust in 2024. 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.. Alice Smith Charity, R W Woodhall Churchyard Trust account. Peel Chancel Trust and A J Bancroft Trust. The PCC is the sole beneficiary of Ihe Annie Seddon trust. (Charity number 232751). No donation was received in the year. In addition. there are two Incorporated Organisations whose business and trustees have a personal interest in the Parish: 26 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND sr CUTHBERT) Bible Encounter Trust CIO (Charity number 1179838). As part of missionary giving the Church donated £4.088 to this Trust. Two PCC members and one emoloyed staff are trustees of this Trust. St. Cuthbert's Old School Nursery. (Charity number1753838) The Nursery has a charitable object of providing nursery education With a Christian ethos. The trustees include the associate minister of St Cuthbort's (ex officio), a warden of St Cuthbert's elected by the PCC and 2 nominated PCC trustoes. one of whom is a PCC trustee. 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 uso of the Church, as agents of the church were reimbursed for those costs. Jo t)avids 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. Jess Davids. daughter of a PCC member. was employed as a Café Supervisor until May 2024. Bethan Holmes. daLJghter of a PCC member. was employed as a Café Casual Worker until September 2024. Beth Pugh, daughter of a PCC member, was employed as a Café Casual Worker and cleaner until September 2024 when she became our ministry trainee on a voluntary basis. Jodi-Beth Chidlow. wife of a PCC member. was employed as a Café Casual Worker during the year. Amy Killingbeck has been employed as Youth worker since September 2023. Her husband was elected to the PCC in May 2024. The Rector of Cheadle was paid by CDBF for his services rendered to tho parish at standard clergy pay scale£. Such rcmuneralion was tunded indirectly by the PCC through the Parish share. He is also provided with payment of council tax. 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 insurance. 27 THE PARISH OF CHEADLE ST MARY (THE CHURCHES OF ST MARY AND ST CUTHBERT) INDEPENDENTEXAMINERS REPORTTOTHE PAROCHIALCHURCHCOUNCILOF THE ECCLESIASTICAL PARISH OF ST MARY, CHEADLE I report to the trustees on my examination of the accounts of the Parochial Church Council of the Ecclesiastical Parish of St Mary, Cheadle {incotporating the churches of St Mary and St Cuthbert) for the year ended 31 December 2024. RESPECTIVE RE5PONS181LinES OF THE TRUSTEES AND THE INOEPENDENT EXAMINER As tho charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examinalion of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. INDEPENDENT EXAMINER'S STATEMENT Since the Trust's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of The Association of Chartered Certified Accountants. which is one of the listed bodies. I have completed my exarnination. I confirm that no material matters have come to my attontion in connection with my examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by section 130 of the Act.. or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the form and cor)tent of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered 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 this report in order to enable proper understanding of the accounts to be reached. 7 May 2025 Steven Nixon BSC (Hons) FCCA Date Independent examiner Chartered Certified Accountant 8-10 Gatley Road Cheadle Cheshire SK8 IPY 28