Charity registralion number.. 1135105 The Parochial Chiirch Coiincil of the Ecclesiastical Parish of St Peter, Heswall Annual Report find FinRncial StRlements for Ihe Year Ended 31 December 2023 Hailwood & Co. Chartered Accountants and Registered Auditors 392-394 Hoylake Road Moreton Wirral CH46 6DF
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall AnniiAI Report and Financial Statements for the Year Ended 31 December 2023 Contents Reference and Administralive Details Trustees, report 2- 13 Independent Examiner's Report 14 Statement of Financial Activities Balance Sheet 16 Cash Flow Statement Noles to the Financial Statements 18-30 These pages do not form part of the 5tAtiitory Aecoiints: Statement of Financial Activities by Fund
The ParochiAI Church Council of the Ecclesi&stieal PArish of St Peter, HeswAII Reference And Administrative DetAils Trustees Clergy and orricers . The Revd Martin Cannanl Rector The Revd Josh Carlson. Associate Minister Captain fvlichael Barritt RN, Reader (Designated) Mrs Jennie Hewitt. Reader (Designaied) (appointed 231912)) Mr Graham Derri¥ Churchwarden (resigined 1715123) and Reader (Designated) Mr Sam Leinster, Churchwarden (appointed 1715123) Mr David Rushworth, Churchwarden and Deanery Synod Representative Mr David Weiherell. Deanery Syiiod Representalive Dr Christine Wetherell PhD. Deanery Synod Representative Mr Michael Donnan. Hon. Treasurer Secretary . Mrs Sarah Hall Olher oificers And Trustees . Mrs Julie Draper. Elected Council (resigned 1715123) Mr Ray Frobisher. Elected Council (resigned 1715123) Ms Caroline Mainey. Elecied Council (resigned 1715123) Mrs Lindsay Howe. Elected Council Mrs Ruth Leach, Elecied Council Mrs Helen Pag?e. Elected Council Dr Sophia Nelsoii, Elected Council Mrs Helen Mooney, Elected Council Mr David Osl, Elected c.ouncil Mrs Ruth Dyke. Elected C.ouiicil Mrs Geraldine Pleasance, Elected Council Mr Stepheii Blair. Elected Couiicil Mr Noah Cambridge (appointed 1715123) Mr Edward Sherrard (appointed 1715123) Mrs Mar&yaret Archer (appointed 1715123) Principal Office . The Parish Otrice St Peter's Church Village Road Heswall Wirral, CH60 ODZ Charity RegistrAtion Number . 1135105 BAnkers . Lloyds Bank 137 Telegiraph Road, Heswall Wirral, CH60 OAN Independent Examiner: Hailwood & Co 392-394 Hoylake Road, Moreton Wirral, CH46 6DF
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Trustees, Report Tlie trustees present the annual report together M'ith the fiiianciai slaleiiients and auditors. report of the charitN' for th¢ l'ear ¢nded 31 De¢¢mb¢r 2023. REFERENCE AND ADMINISTRATIVE DETAILS Registered charity named: The Parish of Heswall Charity registration number: 1135105 Principal oflice: Tlie Parisli OtTIcc St PLtLr s CLnlr¢ HLSlI'all Wirrtsl CH611 IIDZ The Trustees: Tl)L tnistLLS wl)o scrN'cd IliL c1)aril. durii)g PLriod M'crc as folloNN's'. CLERGY Reetor: Curfites: TIIL RLV Martin Cannam Tlic Rck Josh c.arlson READER (DESIGNATED>: Mr Mich&iLI B&irritt Mrs Jiiii)iL HLl%'ItI Mr Griil)am DLrrig CHIIRCHII'ARDENS Mr D&ll'id Riisl)iiorth Mr Graliani Dirrib, luntil 17 Ma!, 2112.3) Mr Sam Lcinslcr {from 17, Mai. 2021) DEANERY SYNOD REPRESENTATIVES Dr Clirislinc W¥ih¢r¥ll PIID las a mcmb¢r of DI¢san Slmod) Mr Dai'id Riishiiorth Mr D611 id Wliliirill las a iiicmb¥r of DiocLsan Sviiod) F.I,F.CTF.D COIINCIL RL'I'IRL 2024 Mrs Lindsai. Hoii'e Mrs Ruth L&ich Mrs Sopliia N¥lson Mrs Hclcii Pagc RETIRE 2025 RETIRE 2026 Mr StLplILn Blair Mr Noah C<imbridgc Mr Ediiard Sli¥rrurd Mrs Margar¢t Archcr Mrs HLILII Moonei, Mr D&ivid Ost Mrs RLltlI Di"ke Mrs G¢raldinL PlsanC¢ SECRETARY Mrs S<Trr,Ih Hall HON. TREASURER Mr Michacl Donnaii F.C.A. lc(ptcd)
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Trustees, Report Ir4DEPENDENT EXAMINERIAUDITOR Hailii'ood & Co Chilrtcred Accountants 3Y2-3Y4 Hovlake Road Morctoii Wirral CH46 6DF AIM AND PURPOSES ThL. Parochial C'hlirch Council of Huswall (PCC) has thL r¢sponsibilits' of ¢oop¢raling ii'ith thc RLCtor. tIIL Rcd Martiii Cannam. in pronioting) iii thc ccclLsiastical parisli tl)c i¥,holL n)issioii of th¢ Cl)Lirch. pasioral, Ll'angFLlistie. soeial tsiid LcumLnical. ThL PCC is also SPLcificall)' rLsponsiblL for the maintLllW)cL of tliL folloii'iiigF buildiiigFS'. St Pctcr s Church l i CastlL Drii'c. Hcswall ThL Parisli CLntrL. VillagF¢ Road. Hc5w'all Thc LisTrhthoiisc Cliiirch To facilililtc Ihis ii'ork il is import47nt thal maintain ihc fabric of oiir chiirchcs aiid th¢ Parish C¥iilru, OBJECTIVES AND ACTIVITIES Tli¥ obj¢'¢ls of Ili¥ ¢harili' ar¢ tlikn proi'isioi) of plackns of C'hrisliaji iiorship. th¥ proiiiolioii of C'lirislian '4IILICS 4111d g¢ncr%l1 siipport both dirty¢il!' 4111d k ia oth¢r Charilics to thos¢ in nLod Ioc%111!'. 114ilioii,I11!' and abroad. Ti)L PCC is coiiii))iltLd to Lnabling as i))4Tr1)i' pLopIL as possiblL to worsliip ai St PLtLf 5 CIILirch cll)d the LigThihoLlSC Church {TlIL Church of thc Good ShLphcrd iogFLII)Lr iiiih thc form¢r Parish Hill i¥as dLiiiolisliLd in 21122) ai)d to bLcomc P<lrt of OLif P<irisli coiiiiiiuiiiti. iii HLsi¥all. Th PCC,. maiiit.iiiis ali ov¥ri'ityi¥ of ii'orship IhrougFlioul th¥ parisli aiid mak¥s suggFostions on lioi%' oiir scrviccs can ini'oli'L thu man!. groiips that lii'c Thiihii) Olir parish. OLir scrvicLs and Isorship PLII faith irtto practicL Il)rougli pra)'cr aJ)d 5cripturc. music wid sacr]IL(. Wl)ci) plai)ning our acti&'iti¢s for thL )'Lar. wc liai'c coiisidcrcd tl)c c.ommission s uIda11¢C on public bLI)Lfil aiid. iii particular. thL suppILmLI)tarn' gyuidtsncL on chiiriliLS for IliL advai)CLI))Li)l of rLligJion. In particul&ir, i%.L tTr' to cnablc ordinan. pcoplc to Iivc OLlt thLir faitli as part of OLir parish cotlliiiunih. tlirough.. Worship and pral'cr.. Icarning about tlic Gospcl. and dci'cloping thcir knowlcdgc and trust in JLSLIS. Proi"Isioii of pasloral ¢arc ft)r p¢opl¢ lifving in tli¥ parish, Missionar). and outrcach w'ork.
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Trustees, Report Tlie charili. carries oiil these objects by.. Maint&1ining thc Parisli Church of St Pctcr and tlic Lighihousc C.hiirch this 14ork is carried out bN' Ihc Fabric Coiiin)iltee. M.lii¢li is entirel!, iiwd¢ lip of iolwileers. Proi'iding a 'IdC rangL of scrviccs io suit thc i'aricd prL'fLfLliCLS of cliurchgocrs attcnding thc rLtllaining cliurch in tliL parish as ii'cll as tIiL liceiiscd clcrgTI'. thcrc arc a iiuiiibLr of rctired ¢IL'rg)' ThhosL contribiition is grLatl)' apprL'ciatLd, and th¢rc arn, also a numbcr of laN' voluiitccrs. iilio both ILad and prcach at scr¥'ices: Proi'iding facilitiLs for Baptism, WL.ddiiig and FiinLral 'rviC¢S for pcr8ons who r¢quist thcsc aiid qualifi. undLr thc policLs adoptcd for thosL SLr¥'icLs' Org&inising 1( i1.idc rangc of l'outli and adiilt actlN'ltics in Hcsii.all aiid abroad - tliis 'ork 'aS mosilN' undLrtakLn bi. laN' N'olunleers. in additioii lo Mrs RachLI Clark. a ChildrLn s and Faiiiili. Workur and Ms Dani Smitli a YoLiih Workcr, both cmplo)'Id b}. tlIL PCC, and li%"0 iiitcrns il-ho assist ilith thc i'oiitli iiork: Prokidinb grniils to oihLr charitlLS. Thc PCC. has resoli'ed that l OO/ o of IhL plannLd gyji'ing rLcLiN'Ld bTr thc parisl) bL donatcd to appropriaic charilius. Witii wliich IhL parish l)as coiinLclions. As IiiLlliionLd aboN'L. miicli of il)is iiork is carriLd out bi. I'oluntLLrs iihosL contribution is LSSLnlial to tlIL smooth runiiing of Ihc parish. BK, f(KUSilig) on Iliisi arLas. i%'L achicvL our stralLgTriC prioriliLs of promoting c.hristian valucs and proN iding Christiaii carL support. ACHIF.VF.MF.NTS AND PF.RFORMANCE Opening Service At the Lightliouse Church Wc i%'LfL dLlibYl)ILd lo ¥iLlcomL Il)c Rt. Rii,d. Mark TannLr. Bishop of ChLslcr and a largL llLiinbLr of 10¢4i1 dignil,iri¢s iiicludin th¥ M¥?i'or of Wirr4?l and Ihc Ioc¥11 MP. Ms Alison McGofvoni. to an Opliiiiig S¥ri'ic¥ on th¥ Oclob¥r. Th¥ s¥r%'icL li.as i¥n' ii.¥ll atlLnd¥d ii'iili a ¢onsidirabl¥ niiii)b¥r of Pi1rishion¥rs also i111¥iiding, iiiani. of ii.hom had bLin ini'oli"Ld in Ilii ProJ¥cl SIL¥ring Group or othLn¥"isL ini'olv'Ld ii'ith tliL dLILlopmLnt of IhL iiLi¥" biiildin¥. Safeguarding i¥ PCC has appoinlld HLlcn Pasv¥ as SafLbiuardinb OfficLr wid lias approprialL saf¥bTruardinb' poIici¥s iii pl.Icc. All PCC iiiLmbcrs. togctliLr iiitli othcr Icadcrs arc iioii. rcquircd to Liiidcrl.Ikc appropriatL safLgFuarding tr<liiiing al rLgular iiitLrvals aiid this has b¥¢n complLtLd. All PCC IiiLI)IbLrs iiill in fiitiiro bc r¢quir¢d to obtain an Enlianc¢d DBS C.h¢¢k Iiiiihoul Barring) on appoinlm¢nl and to complctc thc rcquircd training ivitliiii 3 nionth5 of appointmcnt. Covid 19 TIIL Parish has b¥¥ii abl¢ to offLr s¢rvic¥s in St P¥t¢r s Churcli throughoiit tli¢ !'¥ar and at th¥ H¥sii'all MLtI)odisi Church Ibi. kind PLrmission of thL HL5wall ML*I)odist5) 111)lil 17, SLPtLmbLr iihLII 5Ln'iCLS coiiiiiicnccd al thc LiglithoLlSC CIILircli. isitlioiit an!. social dist<iiicing or iiiask-iicaring coiiditioiis. Sern'ices at St Peter s Cl)urch Iiave continued to be live-streamed and recorded to enable parishioners to iiaich thL SLrviccs from hoiiic if thc)" 1s.ish to do so.
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Trustees, Report Il'orship and Prayer Thl. PCC is keen lo off¢r a rangc of s¢rvi¢¢s during th¢ ii'¢ek and oi'¢r the cours¢ of th¢ I'car that our parishioncrs find both bcneficiiil lind spiritu.Illi' fiilfilling. Suiidai. scTh'ic¢s incliide said BCP HolN' Comiiiunion at 8am. a iiior¢ traditional servi¢¢ of Comiiioii Worship {Hol!' Communion or Morning Worsliip) &11 9.1.iam. a coiitcmporan, ii'orship scrn'icc at 10.4iam aiid EN'cnsong at 4.onpm (all at St PLtcr sl. Mcmbers of tlic coiiiiiiuiiiti. iiliich Liscd to iiorship at tlic Church of thc Good ShLphcrd ?411h¢r¢d for ii.'orship at thv HLsi%'all Mknihodist Church until 17 Scpt¢mbcr- our thanks arL. di1¢ to th¢ Mcthodisls for alloii'ing lis to us¢ th¢ir ¢hiir¢li bliilding for Iliis piirpos¢. Tii¢r&iftcr s¢n'iccs at 111.30ain aiid 6.3Upni coiiimLncLd at tlic ii¥i%" LigThthoLlSL Chiirch. Opportiinitics arc proi'idLd for PLoplkn to in mor¢ outgoing worship siich as that proi'idLd bi. th¢. )'outh group {YoLlth FLlloii'sliipl il'itliiii our parisli at EncoLllItLr. a scrk ICL at 6.30pin hcld at St Pctcr s Lintil 17, ScptLmb¥r and thLfLaftLr at il)L LigTliiliousL Church, prlpa[ and run LntirLI}' b}. mLI))burs of tliL Youth FLlloii'sliip. AttLiidaiicLS at Sundts!. SL Th'iCLS 111 thL Parisli ai'Lragu approiim4ltLlI' 2$111i'LLkl!'. As ii'LII as our rcgular 5crvicLs. cn&iblL our commiinih. to ¢clLbral¢ lind th<ink God at ihc i))iILsioiiLS of tl)L.jOLimLI' IliroLlg?l) lifL. TI)fOLigih baptisll) l¥'L thank God for tl)L gTift of lifL. in nmrriagy public voils arL' Lxchai)gFLd i%ith God"s blLSSillgT and il)roLigih funLral SLrn'ICLS friunds and famil LNprLss thLir g?ricf aiid gii'L thanks for thL lifL ii'hich is iioi%' coiiiplLIL 111 Iliis i%'orld aiid lo comniLnd tIIL PLrsoii ii)to God-s kLLPillg. WL huvL CLILbralLd 7 baplisiiis. 13 INLddii)gs &lnd liLld 27 fuiiLrals in our chiirch iliis )'car. 31 fiinLrals al C.rcmatoriums and 21 intLrmLiits of ashes. Definery Synod irLc iiiumbcrs of the PCC sit oli the Wirral Nortli D¥anLry' Si'nod aiid tiio iiiumbcrs sit on tIiL C'.I)LstLr DiucLsaii Si"i)od. T])is proN'idLs ihL PCC ii'iih an in)porthnl link bLliiLLn ihL parish and thc i¥-idLr siniciLircs of ihL cliurch. Pastorml CAre SoiiiL mLiiibcrs of our parish arc iinablc lo attcnd church duc to sickncss or agc. Onc of thu iiiiiiistLrs or r¥lirLd clLrgYi' has visitLd all Churcli iiiiinb¥rs iilio liai'L r¥quLst¥d it, lo ¢¥l¥bratL coniniunioii ii.ith tli¥m ¥iih¢r 471 Ihcir hom¥s or in hospital. A nunib¥r of pasloral carc IL4llllS I"iSi1 Ihosi w.lio ari sick or un1¢blL lo out for aiii" oihLr rL'1¢son lo kL¥p tliLni in loiich N%'iili church lifL. A nLi%, l)oniL Comiiiunion ILam lias rLcLntli' bLLn csiablishLd. Parish ChArit&ble Giving HLlping IhosL iii nLLd is a dcmonstralion of our faith. Thc Mission C.ommittcc is rcsponsiblc for sknl¥cling thL local and natiOlL21 cliariti¢s ivho ar¥ noiiiinaltyd as a Cliariti. of til¥ moiitl). for ii'hich a SPC¢i11 collcclion is mad¥ on Ili¢ last Suiida!. of ¢a¢li iiioiitli. A pr¢s¢nlalioii is usiiall!, proi id&d b!. a r¥pr¥'s¥ntatii ¥ of th¥ Ch¥lril!" or a local ch4iliiPiOli al tli¥ scn icvs on that Siinda!. Ecumenical RelAtionships Tli¥ parish is a iii¥iiib¢r of C hiirch¢s Tog¢th¢r in He$all. During the ii¢ek of Christian Unit!.. th¢re is d4iili' prai'cr and an ¢¢iimcni¢al scTh icc. On G(x)d Fridai. HCSall Churchcs Togcthcr ldS a iialk of ii'itncss along Tclcgraph R(had in thc ccntrc of HcsII"all.
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall
Trustees, Report
Revision of leadership structures. 5tAffing and discipleship pathways
Folloii'in&Tr the r¢¢i'ipt of th¢ R¢port from John Trus¢ott a f¢ii.' !'#ars agTro, good progyr¢ss has b¢en mad¢
iii rei'ising thc Iciidcrship StnicreS of thc Piirish to clarift. that rcsponsibiliti. for str<ltegic dLCiSiOIIS
lies ii.'ith the PCC, but operatioiul decisions ii'ill be d¢legvuled lo Congyregalional L¢adersliip Twiis
and Miiiistt?. Tcams. thcrcbi, rcducing thc contiiiiial burdcn of d¥cision iiiaking iihicli prci'iousli" laN'
ii.ith tlic Rcctor. Work coiitlllLlCS to ciiibcd thcsL stnicturLS in placL aiid to dci'clop disciplcsliip
pathii'al's. A Staff Siipport Group has bc¢n Lstablishld to ¢ffkn¢tii'clN' ma7 and support Parish
cmploi'cd Iiiid i'oliintiiri. staff. and good progrcss has bccn madc iii dci'cloping appropriatc
Lmploi'iiiLiit and othcr policiLs.
Development of the sile of the Good Shepherd and the Parish Hall
Fuiid raisingT for IhL pfojLcI htss eoiiliiiuLd. As ai 31 DLCLnibLr 21123, Ihe shortfall lo finish the build
amoLinlLd to approiiiiiatLIN' £21111,111111. A iiiortgag7L facilitN' to covLr tliis sliortfall has bLLII IILgotiatLd
li ith MLtliodist C'hapLI Aid. Iiowei'er this il'ill result in additional winual costs of some £21.000 in
jpilal and inl¢r¢sl r¥pai'm¢iils.
Tl)L build coniinuLd io progTrL'ss dLirii)gF thL I'Ltsr. l)Ol%"LvLr a numbLr of factors eaLisLxI unavoidablL
dLl&ll'S. cspLciallN' iii thL LItLrior claddiiig and roof coi'Lring?. thL schLdLIIL for ii'hicli was sLt back b
tlIL difficLiliiLs in obtaiiiiiig Il)L stLLI for Il)L struciural LILmLI)ts. and IliL opLning sLrN'icL liad io bL
dLl&ll'cd iintil ihL S, OctobLr. ThLrL )%LrL still oulst&lndingi issucs ilith tlic hLatiiig sN'stcms. thc
claddiiig? w)d Il)L floorii)gi tsl il)L Lnd of thL J'Lar. ii'hich iiiLant thL buildinL4 had still iiot bLLn cLrtifiLd
as coniplcl¥d al IhL K'¥ar cnd.
Il'orship on Ilie High Street
Iii ordLr io SUrl thosu rLsiding in thL vicinil!. of thc silc of tlic dLmolishcd Church of thu Good
Sl)uphLrd
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall
Trustees, Report
Planned Giving Review
A r¢vi¢ii of Planned Giving to the Parish is due lo b¢ implemented ¢arl!' in 2024.
The PCC has esL7blished and implemented a Legacies and Doiiations polic!. lo encourag)e further
gii'ing in this ii'ai,. ,hICh is a liugc hclp and cncouragcmcnt to our ii'ork.
Other Aetivities
W¢ arc i'¥n' grat¢flll for th¢ in¥oli'¢mcnt of la!. p¢oplc in 41 liugc rangc of a¢tii'itlCS ii¢ross thc Parish.
iiicludiiig pastoral care. bLfbaiciiiLlIt support. MothLrs Union. Motliur and ToddlLr GroLIPS, IIILISIC
and ii'orsliip. including thL. Choir at St PLtLr s labl). l¢d b!. Olir Organist and Choir MastLr, AndrL''
PLckliaiii-McR&i Lintil his rLSlU?natioii in DLcLinbcrl as iiLII as the music gTrroLlPS at St PLtLr s and tliL
Ligphiliousu Cliurcli. and a iiholL host of oihLrs. LspLciall) Il)OSL inioli'Ld iiith our faiitaslic
amoiig cliildrLii and l'oung PLopIL. and witli tl)L i%.ondLrful ivork thai gOLS 011 Lach ii'LLk at thL St
PLtLr s CbntrL. WL arL I'Lri' &yratLful to thL BLII Ringyers i%,ho proi'idc appropriate peals iiiost Sundai's,
al i&knddings and on oih¢r spccial o¢¢asions.
Thanks
It ii'ould be i'Lr!' rciiiiss noi to record thL PCC s LNtremL gratilLidL io ihc licciiscd CILrg!'. thc Rci,ds
Marlin Cani)aiii wid Josh Carlsoii. INho havL both coiilribii(Ld so iiillingli. lo nMini&llllill¥ IhL spifiiual
lifL of thL Parish during thc lasi )'Lar. Mic). liaN'L all ii'orkLd iirclLssIN' to cnsuru that all ihL normal
survicLS coniii)LILd to bb hLld. tl)at OCCtsSlOl)&il officLs i%'LfL Lll)dLrlakLn as nLeLssar%'. wid tkni an
parishionLrs i¥lio r¥quirid a i isil i%'LfL altciidid to. TIILI" do hai'l our LspLcial Ih4inks. as do thL rLtirLd
cILrgi'. thL RcN'ds Alan LLach. lan Hobbs. laii Urqiiliart ¢ind John Eardlci. iiho also assist in Icading
and prknwhing al SLrvicLs.
ianks arc also duL lo all thi offiCL Staff, Julia MacGr¥yor
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Trustees, Report Tlie Irusiees aim to maintain iiiireslricted free reserves at a lei'el w.hich equates to approximalel!. foiir months of unr¢strict¢d charil<1ble expcnditiire. The Irust¢es ¢onsid¢r lt Ihis l¢v¢l ii'ill proi'ide Slifficicnt fiinds to cov¢r support and goi'eniancc Costs, gii'cn the anticipated needs of thc forthcoming l'ear. Tlie balancc held as unrcstrictcd funds at 31, Dccembcr 2023 Il'as £299.869. Some of thcsc fiinds are dLsignatLd in cOrdanC¢ 1¢h thv LLgaciLs and Donations Poli¢!', ii,hich Lnsur¢s lkngaci¢s and onl-off don¥1tlOllS <if¢ Iipplicd to iion-rccurriiig il¢ms of ¢xpciiditurc. This i'ciir. thc Irustccs d¢cidcd pausc this polici.. clioosingT to appli. soiiiL of tl)LSC dcsigFIMtLd fuiids in tllai)agTitlg7 dai. to dai. cash floils dLirin thL transition b¢tw'c¢n churchLs. Witli thi L'xcuption of rL'tLntions associatLd ii'ith thL parish building projLct. aiid an amoLllIt Cqlial to fiiiids alrcad!. iiii'csted in othLr fixLd assLts. dLsigiiiatLd rcscri'cs ii'LrL' rLILasLd inio gTLnLrnl uiirLslrietLd funds. GLnLral uiirLslrietLd funds umouni io £195.2Y4 ayinsi actlial unrLStriclLd LxpLnditurL for four months of approxiiiialLIs' £124 111111. TIIL pausing of tliis polici. has LiisurLd that thL targFLt Ici'cl of reseTh'es lias bceii achicved. Tlie aim for tliL future is to nsur¢ that this lu&LI is maintaiii¢d. Risk Management Tlic trustcL's haN'L rLViLII'Ld Ihc major risks. fiimiicial ]d non-fiiwicial lo ii'hicl) IIIL COLiiiciI is Liposcd in IliL coursc of ils currci)t actikilics. Th¢. liakc asscssLd tliLSC risks nd cnsLircd ihat uppropriatL Sl'StLms a])d coiilrols Lxist lo i))ii)11))ISL IiIILn)al risks and tliL LffLCtiNL rLSPOI)SL niLclianisiiis cxisl lo r¥spond lo and minimisl IhL impact of ixtLrnal risks. ThLsL risks ld Ihc slralLgN' for maiiaging Ihc risks aru showii bcloi%".' RISK STRATEGY FOR RISK MANAGEMENT StrAtegic Lack of 5tratLgFiC dirLCtioi) failurL lo rlacl to n<ltional churcli and Dioccsan str<ltLg!' cliangcs. EnsLirL PCC fullN' ai%'arL of i)atioi)al and stratLgi' throiigTII DcancTr' and DiocLsan Sl'nod rL'prCsLnt7t1oi7. rLPOrts and discussion. IIiLffLCIiN'L gYOVLmancL. Maintaiii an aclivL and balancLd PCC. Lnsuring, it is closcl). iiivoli'cd il'ith plaiining and iiioiiilorin¥ aclii'ilitis and fiiianc¥s Loss of k¢i' memb¥rs of clLrg8' or stafy ii.iihoiil suitablc succcssioii planning. Hai'¢ realistic succession plaiining. suitable nolicc piri(s and cffLCtivL handovcrs. Church Services Dccliiic in congrcgation numbcrs. Maintain qualits. of hospitaliti.. ii'orship. (both in cliurcli aiid onliiicl, tcacliiiig and praN'iiig and seek to attract ne church attendees. Decliiie in qualiti. of churcli seri'ices andlor occasioi)al officcs. Seek to maintaiii higli qualitv clergi,. preaching staff and Tri"orship and pral-cr offcriiigs and implciii¥nt/coiitiniic to offer wclcoming, l)os italit . ContinuL to dLvLIo onlinL facililiL5.
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall
Trustees, Report
Failure lo communicale effectiK'¢li' ii'ith
congrLgations
Seek to improi'e e.¥isling Communication
channLIs
Safeguarding l Health & Safety
SafLgiiarding issiiulallegalion (l'oiing PLopIL
and vulncrablc adults).
Parisli SafcgLiarding PolicN'. DBS checks on
oliintLcr rLcruiliiiLnt. safLguardinb iraining.
Parisli SafLb7uarding, OffieLr in placL, PCC
adi'iscd of anv safeguarding issucs rcportcd to
Diocese.
SLrious injun. to adult or vouiig pirson
attLnding, volunt¢cr, contractor or mcmbcr of
slciff.
PoliciLs for Parish buildings and activities
class¢d as Parish actik'itikns including risk
,Isscssmcnts.
rcgyular
upd
10 The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Trustees, Report Financial fraud Strict coiilrols oi'¢r pai'm¢iils r¢quir¢ all paN'mcnts to bL authorisud bN' thL RLctor, tii'o signaturcs to chcqiics and ti%'o scparatc authorisalions for ¢lcclroni¢ pal'mcnts. Cash r¢¢¢ipts froni collcctions should bc signcd off bN' Duti. WardLn and aiiotlibr. Property I Premises Iiiadcquatc inN'cstmci)l in prci))iscs. Dci.'clop rolliiig programmc for maiiitcnancc of prLmisLs. cffLctll'L Fabric ComniitlLL. ISSLIL Iiiih third P&1rt1. hire or third part). activiti¢s on church r¢'mis¢s Buildin2 Project EnsurL Hire documLiitalion wid coiilrols are in Iiiad¢quaL managicm¢nt of ProjL¢l Emplo!, qualifiLd and ¢omp¢tcnt ProJ&ct Mana TLr EnsLirL tight controls oN'Lr bLidgyLtiiig ai)d SPLndii)gi oncL bLiildii)gF is slii fiLd. Do not start biiildingp until CLrtaiiitN' of adbquatL fuiidiiig to coinplLIL thL proJLCI SLifficiLiiI Ih&il IhL building can bl iisLd. KLLP thL Parish and Ll'Lri'oi)L in HLswall ai)d bLI'ond fLillI' inforiiiLd of progrLSS lo.ardS Ihc largLI bN' rcgiilar and L¥tLnsii'c communic1& lioii. EnsLiru iialLrtigiht contract proi'idLs for sta¥L pai'menls onlN' on Projccl Mai)¢igcr s ccrtificatL Ilial spL¢ific ii'ork has bL¥n ¢oii)pl¥t¥d or sp¥cific iiialLrials havc bL¥ii dclii'irld to silL and arL frL¥ of 1¢ni' claiiii. Ensuri contract provid¥s for t¥rminalion of contract on iiiat¢rial br¥¢ich bi th¥ biiildir. Ensiirkn Biiilding Si¢¢ring Groiip ar¢. k¢pt full!. Inforiii¥d of progr¥ss on th¢ biiild. to simplifi. findiii .Iiiotl)Lr architLct Do &lS IIILich rcs&2rcli £?S Possiblc bcforchaiid to LiisurL tl)at thLfL arL iio surprisLs. Do iiol agiree to ali cs oncc thc build hils 5nrted Ensuru buildLr has adLquatL third part insurancc (insist 011 SCLing polic!" and chccking it) Tlic buildcr5 polici. ii-ill onli. comiiiciicc oiicc he starts on sitL - until then. li.e li Ill b¥ liablc for ani. public liabilitN' claims. so sliould taki oiit basic site insuranc¢ lo cover us agyainst this and ani. s in tl)L biiildcr's olicv. Eng)agTr¢ Ag¢n¢!' Cat¢ring Mwug?er Tl)L full anioiii)t for tliL projLCt is not raisLd andlor thL pfojLCI is sthrtLd bLii runs out of nionLN' bLforL complLlion i¥ BuildLr CLasLs to IradclgoLS bustliiiatcriall). brcacliLs contract i¥ Archilvcl ¢CaS lo tradL/gY's blist/ m¥lt¢ri¥illi' br¥a¢h¢s conlracl Unforcsccn e05t5 Iiijurv lo personsldamage to adjoining buildingsllocal dislurbancc Unabl¢ lo fiiid suitable ¢with'dat¢ for ¢at¢ring mana ¢r Unuble to find suffi¢ient volunt¢¢rs to staff catcrin scn'ic¢s Rcv¥nuc is in5ufficiciit lo fuiid salarv of catLrin mana Lr R¢stri¢l Cat¢ring prOls1on Engagc AgFcnc)' Catcring mLl7¢r io
The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall
Trustees, Report
Covid 19
Ph1'5ical congrcgatioii fails to rcturn to worsliip
in chiirch
Maintaiii qualiti. of hospitalit).. il'orship (botli in
chlirch and onlinL), tL'aching and praling and
Suck to attract ncii church attciidLCS
Contiiiuc to obscrvL ani" rLgyulatorN' social
distancii)
and hi.
)iLnc condilioi)s
Contiiiuc to rcqiiirc all PLrsons prLSLlIt at church
sLn'icLs io obsLrvL ali). rLgulalorn' social
distanciii
and hi Ji¥nL condilioiis
MLiiibLr of clcrg!. catchcs Covid 19
MLiiibLr of ph)'sical congrcgation calcliLs Coi'id
iy
STRUCTURE, GOVERNANCE AND MANAGEMENT
i¥ Parish of H¢siiall is sorv¢d b!. Si. Pcl¢r s Chiirch. in th¢ Loii¢r Villag)c. and iiill also b¢ s¥r¥'¢d
b!. thL' nLii'l!' opLnLd LigliihoiisL Church. E4ich Church h%1S Lqiial rLprL's¢nlalioii from its m¢iiib¥rs on
tlIL Parochi411 Church C oiincil. i%,hi¢h is th¢ Icgyal Lntit!, sioi¥rninb) th¥ P<lrisli, Sir
12 The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Trustees, Report Tlie Cliiircli's iiorship has been supported b). the ministTh' of a t&wii of dedicated la}. people. iiicludin8 our Ri'ad¢rs Emlrilus. P¢ter Tii'in and Br¢nda Wilson, and our R¢ad¢rs.' Micha¢l Barritt. Jennif¢r Hci%'itt <lnd Grahaiii Dcrrig Wo arc also grateful for the assistiincc of Il number of rctircd clcrg}': includingi Rev John Ear(lle!', Re%, lan Hobbs and R¢i, lan Urquhart and Rev Alan L&h. During tlie )'ear the PCC Ims met moiitlili., thc Aiinual Parochial Churcli Mectiiig being held on 17 PCC Membership for the year Tliis is shown oli the front she¢t. Committees of the PCC Tho PCC cloclcd th¥ follo.]ng Committknis and as appropriiltkn dc161td to thcm aiithorili. for aaion on lis bLhalf. Standing CommittcL. Fii)uncL C.'omii)iltLL'. Fabric CoiiimittuL, Parish Buildiiigy ProJLct SILLring Group. Staff Siipporl Group Methods used to recruit and appoint new Trustees LiccnsLd CILryi' arL L.N ofyicio m¥iiibLrs of thi PCC. as ari Churcliii'arduns, 4 m¥iiibLrs of tliL PCC arc LILctLd at Lach AniiLial Parocl)ial CIILircli MLLlingTr IAPCMI and sirvL for a pLriod of l !'Lars. and tlILrL 41rc ihcrLforL 12 clLctLd PC'C, ii)Li))bcrs. ThLrL arL' also ilirLL parishioncrs )I,l)o arc mcmbcrs of tli¥ D¥an¥n' Si'iiod. on¥ of ii'hom is ¥l¥cl¥d bi, th¥ APCM for a thr¥L I'Lar plriod. and two of ilhom rc niLmbirs of IhL Diocis4711 Si'nod, ii."lio arL' LILclLd bi. IhL DkniiiL Th. for a Ilir¥¥ !'Li1r plriod. all of ii"hoiii arL IK 01¢10 iiILmbirs of Il)¥ PCC,. Thl TrLasur¥r of Il)L Parisli is iiorm¢illi' COpIld onlo IIiL PCC b!. Ihc i"irtuL of his Parisli rispoiisibililics. Thu APCM has IhL poi%"Lr lo dLcidL 11.IILilILr ani. La}. R¥ad¢rs in tlic Parish mav scrvc as m¢tllb¢rs of th¢ PCC. TrAining of new Trustees Nci%, Trustccs irc proi'idcd ii'iih copics of dociimcnts outlining thcir rcsponsibilitios as Trustccs of .Ii¢irili" provid¥d b!. HM Gov¥rniiionl. Remuneration of Key Personnel Th¢ rcmunoration of all ciiiploi'¢cs of Ihc Parish is rcl'lc'cd annualli.. and noticc is takcn of anN' incrcasc rccommcndcd b). tlic Chc5tcr Dioccsc. Binkers Llol-ds Bank proN'idLS banking scrvicL% io th6 Parish. Auditors Hailwood &. Co hold tlic officc of Auditors to thc Parisli, although in accordaiicc ii'ith Charih. Laii.: thL financial statcmcnts hai"'L onlv bLLn subjcct to indLVLndcnt Lxamination. 12
13 The Paroehial Church Covncil of the Ecclesiastical Parish of St Peter, Heswail Trustees, Report TRUSTEES, RESPONSIBILITIES STA TEMENT The Trustees are responsible for prepartng the TruStS Annual Rq)ort and the fukanciai statements in accordancc with applicable law and regulations. The law" applicable to charities in England & Wal¢s requires the trnstecs to prepare fitwicial statements for cach financial year. Undcr that law the trustees have clcctcd to prepare the financial slatcmcnls in accordance with United kn'ngdom Generally Acccpted Accounting Practice (United Kingdom Accountillg Standarth and applicable lam,). Under the law. the trustces must not approve thc financial statcmcnts unless they arc satisficd that thcy give a true and fair view of the state of affairs of thc charity and the income and cxpcnditure of the charity for that pcriod. In preparing th¢s¢ financial statements, the trustees are required to.. Sclcct suitable accounting policies and then apply them consistently. Observe the mcthods and principles in thc Chariti¢s SORP. Make judgements and accounting cstimates that are reasonable aEkd prudent. and Prepa the financial stat¢ments on the going concern basis unless it is inappropriat¢ to presume that the charity will continue in operation. The trustees are responsible for kccping adequate accounting records that are sufficient to show. and cxpiain th¢ charity"s transactiODS and disclose w'ith reasonable accuracy at any time thc finala[ position of the charity and enable them to ensure that th¢ financia] statements comply with the Charities Act 2011. Thev arc also responsible for safeguarding the assets of the charity and hence for takn.ng reasonable stq)s for tho prevention and detection of fraud and other irregularities. Each of the persons who are a tstee at the date of approval of this report confimis that.. So far as trnstee is aivare. there is no r¢levant audit infommtion of which the charity's auditor is unaw3re' and Each trustee has taken all steps that they ought to have taken as a trustee to make thetnselves aware of any relevant audit information and to establish that the ¢harity's auditor is aware of that information. Approved by the trustees on *L May 2024 and signed on their behalf by.. Trust¢c Mr Michael Donnan Ttustcc 13
14 The ParochiAI Church Council of the Ecclesi&stieal PArish of St Peter, HeswAII Independent Examiner's Report Rcport to thc trustLcs of Thc Parochial Chiirch C.oiincil of thu Ecclcsiasiical Parish of St Pctcr, H¢s'all on tiic accounts for thc )'ear endcd 31 Dcccmbcr 2023 sct out on pagcs l i to 31. J report to tlie trustees oli mi. examination of the accounts of the above charit!. ('Yhe Trusl-') for the 'ear ended 31 Do'ccmbor 2023. Respoiisibililies and basis of report As the cliarit! s Iruslees. i'ou are responsible for tile preparalioii of the accouiils in accordance 1s".ith the reqiiirLI))Ll)ts of ihL CliaritiLS Act 2011 {"thL Act"). J r¢port in rL'spLct of m!. Lxaiiiination of thL Tnist's ttceoiiiits carriLd oiit iiiidLr suction 14.f of thL 2011 Act lind in cam'ing oiit m!. CXl& iiiinatioii. I haiL folloi%cd all thc applicablc Dircctioiis giN'¥n b}. thc Charit) Coiiiiiiission iindur SLCtion 14$1S)Ib) of tliL Act. Independent examiner's slatement Thl charil!, s gross incomi Lxc¥idLd £250.OIIU and l am qualifiid to undirtakL Ihc Lxaminalion bv bling a qllif)d m¥mbLr of Inslitutc of ChartLrLd Accoun&tS in Eiigyland and Walls. I havc compl¥t¥d m). L.Kaminalion. I confirm tliat no mcllLrial iiiatlLrs liai'c coiiiL to m!. attcntioii in conncclion 'iili tlic Lxamiiiatioii iihich gii'cs ML caiisL lo biliii'L th<il iii, an}. malLrial rcspLYl'. Ihc accoiiiiting rccords w'crc not kcpt in accordance w'illi SLCtion 1311 of tliL Cliarili¥s Act. or Ihc aCCOLlI)ts did not 4iccord i%"iih thL aCCOLiiiliiigF rccords, or IhL accoiiiils did not coinpli. li itl) tli¥ 4ipplicabl¥ r¥quircii)Li)Is conc¥riiiiigTr Ilii foriii ai)d coiil¥iil of accoiiiits SLt out in thL ChariliLS (Accolints and RLports) RLgFulatioiis 211118 othLr tl).In an!. rLqLiifLIIILnl tliat thL accounts gii'c a 'trLIL and fair i'i¢ii i%'hich is iiot a 111.ItlLr considurud as part of an indLpLndLnt cxaiiiiiiation. I havL i)0 concLriis )d havL comc acros5 1)0 othLr mattLrs in coi)nLCtion i¥itl) thL L'iai))il)alioii to ii'hich attL'ntion sliould b¥ draivii in this rLport in ordLr to Liiabli a prop¥r uiidcrslandinsy of tliL accoiints to bl rcach¢d. A D Fr¥iich FCA Hailii'ood & Co Chartcrcd Aceoiiiitants 392-394 Hoi'lake Road. Moreton. Wirral. CH46 6DF. Datc.. 22 MaN' 2024
15 The Pfirochial Church Council ofthe Ecclesiastical Parish of St Peter, Heswall Statemenl of Financial Activities for the Year Ended 31 December 2023 Unrestricted Restricted Endowment funds funds funds Total 2023 Total 2022 Note ilcome aiid eiidowments: Donations and legacies Charilable activities Investment income 263,829 56,851 19,582 208.208 227 9,345 472.037 57,078 30.468 618,023 66,094 27,875 1.541 Total income 340,262 217.780 1.541 559,583 711,992 Expendilure: Charitable activities other 367,708 8,460 92.268 656.016 459.976 664.476 394,037 16,-380 Total expenditure 376,168 748.284 1,124.452 410,417 Net incomel(expenditure) {35,906) (530,504) 1,541 (564,869) 301,575 Gross transfers between funds Other recognised gTainsl(105ses) (102,877) 3,847 96,388 6,489 (43,589) (39,742) (13,333) Net movement in funds 14 (134,936) (434,116) (35,559) (604,611) 288,242 Reconcilixtion of fiinds Total funds brought fonvard 14 434,805 2,847,317 44,420 3,126,542 3,038,300 Total funds carried forward 14 299,869 2,413.201 8,861 2,721,931 3,326.542 All of Ihe Charity's activities in 2023 and 2022 derive from continuing operations
16 The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Balance Sheet as at 31 December 2023 2023 2022 Note Fixed assets Tangible assets Investments io 2.536.565 2,287,426 130.097 398,623 2,666.662 2,686,049 Currellt assets Debtors Cash at bank and in hand 12 16 23,208 364,541 25.493 797.367 387.749 822.860 Creditors: Amounts falling due Tvithin one year 13 (147.480) (182,367) Net current assets 240,269 640,493 Creditors: Amounts falling due after more than one year 13 (185,000) Net assets 2,721,931 3,326,542 Funds of the charity: Endowment funds Restricled fiinds 14 14 8.861 44,420 2,413.201 2.847,317 Unrestricted income funds Unrestricted funds 14 299.869 434,805 Total funds 14 2,721,931 3.326.542 The financial statements on pages 15 to 30 were approved by the trustees, and authorised for issue on IE May 2024 and signed on their behalf by". The Revd Martin Cannam Trustee Mr Michael Donnan Trustee
17 The Pfirochial Church Council ofthe Ecclesiastical Parish of St Peter, Heswall Cash Flow Statement for the Year Ended 31 December 2023 2023 2022 Note Cash flows from operatiiig activilies Net cash income (604.611) 288,242 Adjiistments to cash flows from non-cash items Depreciation Impairment Revaluation of investments 107,256 413,642 39.742 9,842 13,333 (43,971) 311,417 Workiiig capital adjiislments (In¢rease)/decrease in debtors Increasel(decrease) in creditors Decrease in provisions 12 13 2.285 150.113 8,895 13 5,487 Net cash flows from operating activities 108.427 455,799 Cash flows from investing aclivities Purchase of tangible fixed assets Sale ot tan&yible fixed assets Purchase of investments Sale ot investments 10 10 {770.037) {1,118.522) (9,029) 237,813 (2,632) 40.845 Net cash flows from investing activities (541,253) (1,080,309) Nel (decrease)/increase in cash and cash equivalents 16 {432,826) (624,510) Cash and cash equivalents at l January 16 797,367 1,421,877 Cash and cash equivalents at 31 December 16 364.541 797,367 Reconciliation of net cfish flow to movement in net fiinds (Decrease) /increase in cash Net funds at l January (432,826) (624,510) 797,367 1.421,877 Net funds at 31 December 364,541 797,367
18 The Pfirochial Church Council ofthe Ecclesiastical Parish of St Peter, Heswall Notes to Ihe financial Statements for the Year Ended 31 December 2023 l Accoiinting policies Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparingi their accounts In accordance with Ihe Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) (effective l January 2015) (Charities SORP (FRS 102)), the Financial Reportin Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Acl 2011. The charity constitutes a public benefit entity as defined by FRS 102. Basis of preparation The Parochial Church Council of the Ecclesiastical Parish of Si Peler, Heswall meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accountinLI policy notes. Going coneern Thc trustccs consider that Ihere are no material uncertainties about the charity's ability to conlinue as a going concern, Income and endowments Voluntary income including donations, gifts, legacies and grants thai provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donalions And legAcies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured Legacy gifts are recognised on a case by case basis followin¥ the grant of probate when the administratorlexecutor has communicated in writing both the amount and settlement date. Expenditiire All expenditure is recoginised once there is a legal or constructiN'e obligation to that expenditure, it is probable settlement Is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure headinsi, and where costs are not directly attributable to one headingi they have been allocated on an appropriate basis.
19 The Pfirochial Church Council ofthe Ecclesiastical Parish of St Peter, Heswall Notes to Ihe financial Statements for the Year Ended 31 December 2023 l Accoiinting policies (continiied) Raising funds These are costs Incurred in attractinbJ voluntary income, the manasFement of investments and those incurred in tradinbF activities that raise funds. Interest Interest on funds held on deposit is included when receivable and when the amount can be reliably measured by the charity, Siipport costs Support costs include central functions and have been allocated to activity cost categories on a basis consislenl with the use of resources, for example, allocating property costs by tloor areas, or per capila, staty costs by the time spent and other costs by their usage. Governnnce costs These include the costs attributable lo the charity's compliance with constitutional and statutory requirements. includinbi audit. managlement and trustees, meetingys and reimbursed expenses. Pension eosts In line with workplace pensions legislation, the charity makes contributions inlo a defined contribution pension scheme on behalf ot. ils employees, accounting for expenditure as il falls due. TRXAtion The charity meets the definition of a Charilable entity for UK corporation t purposes. Accordingly. it is exempt from laxation in respect of its in¢ome or capital gains to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £1,000 or more are initially recorded at cost. Cash and cash equivalents Cash and cash equivalents cornprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
20 The Pfirochial Church Council ofthe Ecclesiastical Parish of St Peter, Heswall Notes to Ihe financial Statements for the Year Ended 31 December 2023 l Accoiinting policies (continiied) Fund striicture Unrestricted income funds are gyeneral funds that are available for use at the trustees, discretion in t"urtherance of the objectives ol. the charity. Designaled funds are legacies set aside by the PCC in accordance wilh the legacies and donations policy and are unrestricted funds sel aside for specific purposes al the discretion of the trustees. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Endowment funds created by gifts from various individuals. The income is used for ihe purpose specified when the capital was donated, Fixed assel inveslmenls Fixed asset inveslmenls, other than programme related investments, are included al market value al the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charlied or credited to the Statement of Financial Activities in the period of disposal. Unrealised &yains and losses represent Ihe movement in markel values durinb the year and are credited or charged lo the Sialement of Financial Activities based on the market value at the year end Tangible fixed assets and depreciation - fixliires, fittings and eqiiipment Fixtures, fillinbis and equipment are slated al cosl less accumulated depreciation and impairment. Depreciation is provided on langible fixed assets so as to write off the cost or valuation, less any estimaled residual value, over their expected useful economic life as follows.. Fixtures and fittings O % straight line A full year's depreciation is charbJed in the year of acquisition. no charge is made in the year of disposal.
21 The Pfirochial Church Council ofthe Ecclesiastical Parish of St Peter, Heswall Notes to Ihe financial Statements for the Year Ended 31 December 2023 l Accoiinting policies (continiied) Tangible fixed assets, depreeiation, and Changes in Accoiinting estimAtes- freehold land & buildings Land and buildings are slated at historical cost, less accumulated depreciation and impairment. This year ihe c.harity has chanbied its basis ot accountingi estimation lor the calculalion of depreciation by implementation of Component accounting. The change to component accounting follows construction of the Lighthouse c.hurch. The trustees t'eel that this basis is more appropriate to that type ot modern construction, and with hindsight that it should also be applied to St Peters, Centre, which is similarly conslructed. Depreciation is charL4ed on a straight line basis over Ihe useful lite of each component as follows.. Structure Roofs Windows and doors Externals Mechanical and electrical installations Finishes Audio visual systems Bathrooms and kitchens So years 30 years 25 years 15 years 15 years l O years l O years l O years As a result of the change to component accountin14 the depreciation char14e has increased from £7,790 to £13,035 in the current year. this had reduced the Carryin amount by the same value. Depreciation is now being charged on the Lighthouse Church, which has incurred a charge of £91,329 in the year. Depreciation in future period will initially remain higher, but will reduce as components become ful ly depre¢iated, The Associate Rector'5 House on C.a5tle Drive continues to be depreciated on a 5traighi line basis over l 00 years, this being more appropriate to a building which is already ovei l 00 years old. The Charity does not depreciate land, or properties whilst they are under construction. The C,harity Starts to depreciate properties and their components in the year of completion. Tangible assets are reviewed annually for indicators of impairment, and should those Indicators be present, a more ddailed review undertaken.
22 The Pfirochial Church Council ofthe Ecclesiastical Parish of St Peter, Heswall Notes to Ihe financial Statements for the Year Ended 31 December 2023 Income from donatlolls And legAcies Unrestricted funds Designated General Restricted funds Total 2023 Total 2022 Donations and lebJa¢ies'. Appeals, donations and legacies Gifi aid reclaimed Direct STiving 8,225 48,671 206.933 181,971 26.237 190,196 74,908 206,933 351,116 68,131 198,776 263,829 208,208 472,037 618,023 Income from charitable activilies Unrestricted funds Restricted General funds Tolal 2023 Total 2022 Fees and sundries Hall lettinS Insurance claims Grants receivable Magyazines etc. 39,112 17,739 227 39,339 17,739 50,234 15,860 56,851 227 57,078 66,094 Investment income Unrestricled funds Restricted Endowment General funds funds Tolal 2023 Total 2022 Dividends, interest and rent 19.582 9.345 1,541 30,468 27,875 19,582 9,345 1,541 30,468 27,875
23 The Pfirochial Church Council ofthe Ecclesiastical Parish of St Peter, Heswall Notes to Ihe financial Statements for the Year Ended 31 December 2023 Expenditiire on charitable aclivities Unrestricted funds Restricted Endowment General funds funds Total 2023 Total 2022 Diocesan share Clergy expenses Rent and rates Other property expenses Uganda mission Staff traininby and support Stationery and postage Telephone Equipmenl costs Insurance Miscellaneous Bank charbies Otfice wages and salaries Professional fees Water rates Upkeep of churches Upkeep of churchyard and walls Halls running costs Youth projects and parish resources Youth and children's leader salaries Other wagies and salaries St Peter's school costs Grants paid Sundry expenses 175,291 2,541 15.861 10.074 175,291 2,541 15,861 15,008 46,605 10,148 882 2,004 5,153 9,860 170,186 1,827 18,331 9,543 12,596 10,058 777 1,548 4.934 46,605 10,148 882 2,004 140 9.860 8,809 577 35,385 360 4,523 12.054 7.528 20,608 16,388 3,736 4,313 35,385 360 4,523 12,054 7.528 20.608 16,388 36,853 11,944 5,0(K) 20.466 ,201 1,951 31,086 2,139 11,014 5,890 7,499 14,475 40,257 13,577 5,000 19.786 1,290 36.853 11,944 5,000 20.466 1,201 367,708 92,268 4S9,976 394,037
24 The Pfirochial Church Council ofthe Ecclesiastical Parish of St Peter, Heswall Notes to Ihe financial Statements for the Year Ended 31 December 2023 Analysis of governance and olher costs Unrestricted funds Restricted General funds Total 2023 Total 2022 GovernAnce costs Independent examination and accountancy fees.. Independent examination fees Other accountancy fees 1,194 5,627 1,194 5,627 1.146 5,392 6,821 6,821 6,538 Other cosls ('onstruclion costs not capitalised Depreciation Impairment 136.757 105,617 413,642 136,757 107,256 413,642 1.639 9,842 8,460 656,016 664,476 16,380 Net incoming/outgoing resources for the year are stated after charging the above items. Conslruclion Costs not capitalised refer to cosls incurred in the construction of the Lighthouse Church which the trustees chose not to capitalise. such as those associated with the overrunning of the project. Related party transRctions Triistees remiineralion and expenses 2023 2022 The Charity made the following transactions with Trustees., Mileage and telephone expenses 2,590 2,211 There were no oiher related paty transactions in the year. StAff costs The number of persons (including senior management team) employed by the c.harity during the year expressed in full time equIa]entS was 3.3 (2022.. 3.2) Another 2 {2022. 2) were employed by the Diocese and are in the Diocesan Share. Employee salaries totalled £84,182 (2022. £84,920) and included social security Costs of £0 (2022. £0) and pension contributions of £1,191 (2022. £1,171). No employee received emoluments in excess of £60,0(K) in either year.
25 The Pfirochial Church Council ofthe Ecclesiastical Parish of St Peter, Heswall Notes to Ihe financial Statements for the Year Ended 31 December 2023 Taxation The Charity Is a registered charity and is therefore exempt from taxation. 10 Taiigible fixed assets Freehold Assets Fixtures land and under fittings and buildings construction equipment Total Cost At l January 2023 Additions Transfer upon cornpletion 904,308 1,426,735 761,640 2.188,375 (2,188.375) 66,768 2,397,811 8,397 770,037 At 31 December 2023 3,092,683 75,165 3.167,848 Depreciation At l January 2023 CharJJe for the year Impairment Eliminated on disposals 45,215 105.617 413,642 65,170 1,639 110,385 107,256 413,642 At 31 December 2023 564,474 66,809 631,283 Net book value At 31 December 2023 2,528,209 8,356 2,536,565 At 31 December 2022 859,093 761,640 1,598 2.287,426 The Associate Re¢tor's House. 15 Castle Drive, Heswall is Parish propetty and is included in fixed assets al ils cost of £125,320. In the opinion of the Trustees the current market value is around £500,000. It does not meet our Associate Rector's needs and so is currently being let.
26 The Pfirochial Church Council ofthe Ecclesiastical Parish of St Peter, Heswall Notes to Ihe financial Statements for the Year Ended 31 December 2023 10 Tangible fixed assets (continued) The Si Peler's C.entre building has been included at contractual cost plus other improvemenl cosls to date, less Impairrnent losses. Impairment losses are recognised in the statement of financial activities under "Other" expenditure (note 6). The Trustees performed an annual impairment review, and as a result of the age and condition of the building an impairment was deemed necessary to reduce the net book value to match the lower fair value. The Ligyhthouse Church has been included at contractual cost plus other improvemeiil costs to dale. Costs associated with the overrun ot.the construction contract have not been capitalised. nor have certain preliminary costs that do not relate to the buildinby as it was eventually constructed. Beneficed and Consecraled properties are excluded from the financial statements by s l 0.2{a) and 10.2{c) of the Charities Act 2011. These comprise St Peter's Church and The Rectory The Church of the Good Shepherd and the Parish Hall were transferred by deed of appropriation in 1925 to the Parochial Church Council at no cost. The Church has now been demolished and The Lighthouse Church built in its place. I l Fixed asset investmeiit5 Listed Unlisted Total Other inveslmenls Cost or valuation At l January 2023 Additions Disposals Revaluation 85,309 313,314 999 398,623 9,029 (237,813) (237,813} (39,742) (39.742) At 31 December 2023 53,597 76,500 130,097 The historical cost of the listed investments is not available. All are held in the UK. Listed shaTes aTe valued based on share price at the year end. Unlisted cash investments are valued at cost.
27 The Pfirochial Church Council ofthe Ecclesiastical Parish of St Peter, Heswall Notes to Ihe financial Statements for the Year Ended 31 December 2023 12 Debtors 2023 2022 Prepayments Accounts receivable Other debtors 2,297 2,162 18,749 2,464 23,029 23,208 25,493 13 Credilors 2023 2022 ,Imoiints diie Ivithin one yeRr Other tatIOn ]d social security Accruals Bank loans and overdrafts Accounts payable 131.025 i 0,000 6,455 182,367 147,480 182,367 Amoiints diie after more than one yeAr Bank loans and overdratls 185,000 185,0(KJ Bank loans and overdrafts relate to a loan from Methodist Chapel Aid Limited for the purpose of construction of The Libhthouse Church The loan is secured on the Charity's land and building at 15 Casile Drive. See note l O for further information on this asset. The loan is repayable over 20 years, ending in 2043, and carries interest at a variable rate currently at 5.65%.
28 The Pfirochial Church Council ofthe Ecclesiastical Parish of St Peter, Heswall Notes to Ihe financial Statements for the Year Ended 31 December 2023 14 Funds Other recognised gains Opening Incoming Resources balance resources expended Transfers Closing balance Unrestricted (uiids General funds Designated funds 134,467 300,338 340,262 (376.168) 92,886 (195.763) 3,847 195,294 104,575 Total unrestricted 434.805 340.262 (376.168) (102.877) 3,847 299,869 Reslricted fiinds St Peter's Centre The Ligliihousc c.hurch Castle Drive Uganda Fund Other 742,024 1,882,182 119,055 17,872 257 10,134 75,793 {426,677) 153,312 (231,822) (1,253) (46,605) (140) (4,934) (36.853) (1.986) 98,374 31.3,361 1,902,046 117,802 1,663 344 36,945 41,040 30.396 227 31,745 2.100 Si P¢i¢ffs Cliur¢li Resioraiioii Youili & CliiklrciL'S wo. Total restricted 2,847,317 217.780 (748,284) 96,388 2.413,201 Endowmenl fiinds Permanent 44,420 1,541 6,489 (43,589) 8,861 Total funds 3,326,542 559,583 (1,124,452) (39,742) 2,721,931 There follows a description of the larbjer restricted funds. St Peter's Centre and CRstle Drive Funds These funds represent the book cost of the two properties An amount equal to the depreciation charged is transferred to unrestricted funds each year. The Lighthouse Church Fund This represents the net book value of the asset, less borrowings drawn in order to complete the project
29 The Pfirochial Church Council ofthe Ecclesiastical Parish of St Peter, Heswall Notes to Ihe financial Statements for the Year Ended 31 December 2023 14 Funds (continiied) Uganda Fund The Youth Fellowship Mission periodically visit Uganda. The funds raised for this purpose are retained in this fund until the time comes to pay for the trip. St Peler's Chiirch ReslorAlion and Yoiith & C.hildren's Work Fiinds Both funds are self explanatory, beinbJ rinb fenced donations lo fund relevant expenditure. 1£ Analysis of net assets between fiinds Unrestricted funds Restricted Endowment General funds t'unds Total 2023 Total 2022 Tangible fixed assets Fixed asset investments c.urrent assets Current liabilities Non-current liabilities 8,356 2.528,209 121,236 307.757 79,992 (137.480) (1 0,000) (185.000) 2,536,565 2,287,426 130,097 398,623 387.749 822,860 (147,480) (182,367) (185,000) 8,861 Total nel assels 299,869 2.413,201 8,861 2.721,931 3,326.542 16 Analysis of net fiinds Asat OI/U112U23 Net cash Asat inflow 3111212V23 Cash at bank and in hand 797,367 (432,826) 364,541
30 The Pfirochial Church Council ofthe Ecclesiastical Parish of St Peter, Heswall Notes to Ihe financial Statements for the Year Ended 31 December 2023 18 Capital Commitments 2023 2022 Capital expenditure that has been contracted for bul not provided for 96,219 973,265 c.apital expenditure that has been authorised but not contracted for The conslruclion of the Lighthouse Church is now substantially complete. and the building is open for use. The commitment represents relention payments ihal will be due to ihe contractors if they complete the various small pieces of work outstanding from the original contract, The Charity has a loan facility of up to £400,000 in place wilh Methodist Chapel Aid. and has ulilised £200.000 of this as the cost of development has not been successfully fundraised.
rwlbeYtarlodedJ¢ Uwir4liK1vJF¥ To 3l J9Yi 9$ ]Q4ts1 59.513 ij ckI ¢)P¢i krAndr5 ]SI 46.ts05 I81$[pT Jo.i 14J 35 PrfE&5[rC& ¢[ra Upkcrpufibur -.5 601 16 Youth1¢&&1(tris k&ktsauks 11.9 cwt CDJsthktsDC0515tCtthEd lJd"5" 9JJYJ 231Jni IW3 iJJJ 1.9Jl Trdsft E. 11. TrknnioY¢mhifurd5 14 2D23 13&-. Il9_¥ 10.134 3J541 FuJsil D*-emb¢i2023 JtsLS73 J952 jj31 3&W5