Charity registration number: 1135105 The Parochial Church Council of the f4 cclesiastical Parish of St Peter, Heswall Annual Report and Financia] Statements for the Year Ended 31 December 2024 Hailwood & Co, Chartered Accountants and Registered Auditors 392-394 Hoylalie Road Moreton Wirral CH46 6DF The Parocknial Chureh Council of the Ecclesiastical Parish of St Peter, Heswall Annual Report and Financial Statements ror the Year Ended 31 December 2024 Contents Page Reference and Adrninistrative Details Tnistees, report 2-13 Independent Examiner's Report 14 Statement of Financial Activities 15 Balancc Shcet 16 Cash Flow Statemcnt 17 Notes to the Financial Statements 18-30 These pages do not forni part of the statutory accounts: Statement of Financial Activities by Fund 31 The Parochlal Church Council of the Ecclesiastical Parish of St Peter, Heswall Reference and Administrative Details Trustees Clergy and Offlcers . The Revd Martin Cannam, Rector The Revd Josh Carlson, Associate Minister Captain Michacl Barritt RN, Reader (Designated) Mrs Jennie Hewitt, Reader (Designated) Mr Graham Derrig and Reader (Designated) (resigned 2013124) Mr Sarn Leinster, Churchwarden Mr David Rushworth, Churchwarden and Deanery Synod Representative Mr David Wetherell, Deanery Synod Representative Dr Christine Weth¢rell PhD, Deanery Synod Representative Mr Michael Donnan, Hon. Treasurer Secretary . Mrs Sarah Hall Other Officers and Trustees . Mrs Lindsay Howe, Elected Council (resigncd 1714124) Dr Sophia Nelson, Elected Council (resigned 1714124} Mrs Ruth Dyke, Elected Council (resigned 1714124) MLB Ruth Leach, Elected Council (resigned 2414/24) Mr Noah Cambridge, Elected Council (resigned 1819124) Mr Edward Sherrard, Elected Council (resigned 24111124) Mrs Helen Page, Elected Council Mrs Helcn Moon¢y, Elected Council Mr David Ost, Elected Council Mrs GeraLdine Pleasance, Elected Council Mr Stephen Blair, Elected Council Mrs Margaret Archer, Elcoted Council Mr Roy Edward, Elect¢d Council (appointed 15/5124) Mr Jonatban Francis, Elected Council (appointed 1515124) Mr .Tames Nonnm, Elected Council Waddell (appointed 1515124) Mrs Janice Bell, Elected Council (appointed 1515124) Principal Office . The Parish Office St Peter's Church Village Road Heswall Wirral, CH60 ODZ Charlty Reglstratlon Number . 1135105 Bankers . Lloyds Bank 13 7 Telegraph Road, Heswall Wirral, CH60 OAN Independent Examiner: Hailwood & Co 392-394 Hoylake Road, Mo￿tOn Witral, CH46 6DF The Parochial Church Council of the Eccleslastical Parlsh of St Peter, Heswall Trustees, Report The trustee5 present the annual report together with the flnancial statements and aud itor5' report of the charlty for the year ended 31 December 2024, REFERENCE AND ADMINISTRATIVE DETAILS Reglstered charity named; The Parish of Heswall Charity reglstration number; 1135105 Principal offlce.. The Parlsh Off ice St Peterfs Centre Vlllage Road Heswall Wirral CH60 ODZ The Trustees.. The trustees who served the charity during the period were as follows., CLERGY Rector: A550ciate RECTOR: The Rev Martin Cannam The Rev Josh Carlson READER (DESIGNATED): Mr Michael Ba rritt Mrs Jennie Hewitt Mr Graham Derrig {until 20 March) CHURCHWARDENS Mr David Rushworth Mr Sam Leinster DEANERY SYNOD REPRESENTATIVES Dr Christine Wetherell PhD las a member af Diocesan Syncdl Mr David Rushworth Mr David Wetherell (as a member of Diocesan Synod) ELECTED COUNCIL RETIRE 2025 RETIRE 2026 Mrs Helen Mooney Mr Stephen Blair Mr David Ost Mr Noah Cambrldge, Mr Jon Francis Mr Edward Sherrard. Mrs Geraldine Pleasance Mrs Margaret Archer A Mr Noah Cumbridge resigned on 18th September 2024 th Mr Edwurd Sherrord resigned on 24 November 2024 RETIRE 2027 Mrsjanice Bell Mr Roy Edward Mr Norman Waddell Mrs Helen Page SECRETARY Mrs Sarah Hall The Parochial Church Councll of the Ecclesiastlcal Parish of St Peter, Heswall Trustees, Report HON. TREASURER Mr Michael Donnan F.C.A. {co-OPtedl INDEPENDENT EXAMINERIAUDITOR Hailwood & Co Chartered Accountants 392-394 Hoylake Road Moreton Wlrral CH46 6DF AIM AND PURPOSES The Parochial Church Councll of Heswall IPCCI has the responslbility of cooperating with the Rector, the Revd Ma rti n Ca nnam, in promoting in the ecclesiastica I p2rish the whole mission of the Church, pastoral, evange115tic, social and ecumenical. The PCC is also specifically responsible for the mai ntenance of the following bui Idi ngs: St Peter's Chu rch, Village Road, Heswall IS Castle Drive, Heswall The Parlsh Centre, Vlllage Road, Heswall The Lighthouse Church, Telegraph Road, Heswall To facilitate this work it 15 important that we maintaln the fabric of our churches and the Parish Centre. OBJEcfivES AND ACTIVITIES The objects of the charity are the provision of places of Christian worship, the promotion of Christian value5 and general support both di rectly a nd via other charltles to those in need loca Ily• nationally and abroad. The PCC is committed to enabling as many people as possible to worship at St Peter'5 Church and the Llghthouse Church and to become part of our parlsh community in He5wall. The PCC malntains an overview of worship throughout the parish and makes suggestions on how our services can Involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scriptu re, music and sacrament. When planning our activities for the year, we have considered the Comrr ission's guidance on pu blic benef it and, in pa rticular, the 5upplementa ry guidance on charities for the advancement of religion. In particu lar, we try to enable ordinary people to live out their faith as part of our parish community through: Worship and prayer,, learning about the Gospel,. and developlng their knowledge and trust in Jesus. Provision of pastoral care for people living in the parish. Missionary and outreach work. The charity carries out these objects bv.. Maintaining the Parish Church of St Peter and the Lighthouse Church this work is overseen and organised by the Fabric Committee, whlch is entirely made up of volunteers,, Providi ng a 4 or 5 acts of worship acros5 tlie Parish each Sunday In a variety of styles to serve the varied preferences of churchgoers in gathered worshlp and seekingto reach a wide varietv of new people. Services are led by our clergy, Readers, a number of retired clergy and a The Parochial Church Councll of the Ecclesiastical Parish of St Peter, Heswall Trustees, Report growing number of lay people Including those authorised by the Diocese as Occasional Worship Leaders; Providing facillties for Baptism, Wedding and Funeral services for persons who request these and qualify under the polices adopted for those services,. Organising a wide range of youth and adult activities In Heswall and abroad thls worl( was mostly u ndertaken by lay volunteers, in addition to Mrs Rachel Clark, a Children's and Family Worker and M5 Dani Smith a Youth Leader, both employed by the PCC, and two Intern5 who assist with the youth work,, Providing grants to other charities, The PCC has re501ved that IOYO of the planned giving received by the parish be donated to appropriate charities, with which the parish has connections. As mentioned above, much of this work is carrled out by volunteers whose contri bution is essential to the smooth running of the parish. By focusing on these areas, we achieve our strateglc priorltles of promoting Christian values and providing Christian care support. ACHIEVEMENTS AND PERFORMANCE Regular Services at the Lighthouse Church Follcwing the Opening Service in October 2023, Sunday Services at the Lighthouse Church have continued at 10.30am las was the previous practice at the Church of the Good Shepherd) and attendance (including youth and children) is regularly approximately 100 worshippers Safeguardlng The PCC has appointed Helen Page as Safeguarding Officer and has appropriate safeguardlnE pollcles in place, All PCC members, together with other leaders are now required to undertake appropriate safeguarding trainlnE at regular intervals and this has been completed. All PCC members are also required to hold an Enhanced DBS Check {without Barring) on appointment and to complete the required training within 3 months of appointment. Worshlp and Prayer The PCC is keen to offer a range of servlce5 during the week and over the course of the year that our parishioners find both beneficial and spiritually fulfilling. Sunday services include said BCP Holy Communion at 8am, a more traditlonal service of Common Worship {Holy Communion or Morning Worship) at 9.ISam, a contemporary worship service at 10.45am and Evensong at 4.IXlpm (all at St Peter'sl. Servlce5 at 10.30am and 6.30pm are now held at the Lighthouse Church. Opportunltles are provided for people to engage in more outgoing worship such as that provided by the youth group (Youth Fellow5hipl within our parish at Encounter, a service at 6.30pm held at the Lighthouse Church, prepared and run entirely by member5 of the Youth Fellowship. Attendances at Sunday Services in the Parlsh average approximately 250 weekly. As well as our regularseNlces, we enable our communityto celebrate and thank God at the milestones of the journey through life, Through baptism we than k God for the gift of life, in marriage public vows a re exchanged with God's blessing and through funeral services friends and family express thei r grief and give thanks forthe life which is now complete in this world and to commend the person into God's keeping. We have celebrated 11 baptisms, 7 weddings and held 18 funera15 In our churches this year, 11 funerals at Crematoriums and 15 interments of ashes. The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Trustees, Report Deanery Synod Three members of the PCC slt on the Wlrral North Deanery Synod and two members sit on the Chester Diocesan Synod. Thls provides the PCC with an important link between the parish and the wider structures of the church. Pastoral Care Some members of our parish are unable to attend church due to slckness or age. One of the ministers or retired clergy has visited all church members who have requested It, to celebrate communion with them either at their homes or i n hDSPltal. A number of pastoral care teams visit those who are sick or unable to get out for any other reason to keep them In touch with church Ilfe. A home Communion team continues to provide a valuable service to those who are unable to attend Communion services in church. Parish Charitable Giving Hel ping those in need 15 a demonstration of our faith. The Wider Mission and Social Action Team is responsible for selecting the loca l and national charities who a re nominated as a Mi55i0n of the Month, for which special collections are taken on occasions. A presentation is usually provided by representative of the Charity or a local champion at the services on that Sundav, Ecumenical Relationships The parish is a member of Churches Together in Heswall. During the week of Christlan U nityi there is daily prayer and an ecumenical service. On Good Friday Heswall Churches Together leads a walk of witness along Telegraph Road in the centre of Heswa I l. Revislon of leadershlp structures, staffing and discipleship pathways Following the receipt of the Report from John Truscott a few years aEO, good progress has been made in revising the leadership structures of the Parish to cla rify that responsibility for strategic decisions lies with the PCC, but operational decisions will be delegated to Congregational Leadersh ip Teams and Ministry Teams, thereby reducing the continual burden of decision making which previously lay wlth the Rector, Work continues to embed these structures in place and to develop discipleship pathways, The Staff Support Group continues to effectively manage and support Parish employed and voluntary staff, and good progre55 has been made in developing appropriate employment and other policies, Development of the slte of the Good Shepherd and the Parish Hall Fund raisi ng for the project has continued. As at 31" December 2024, the shortfal I to finish the build amounted to approximately £102,000. A mortgage facility to cover this shortfall has been negotiated with Methodist Chapel Aid, however this will result in additional annual ccsts of some £21,000 in capital and interest repayments. Most of the outstanding issues were addressed during the year, such that the Certificate of Practical Completion was agreed in mid October, however there are still a number of outstandi ng155ue5 Ifaults in the flooring, corrections to some of the Trespa panels and installation of collapsi ble guard rails on the flat roofs) and moneys are belng withheld in respect of these items as woll as the contractual retentlon to cover 3 ny unknown issues which arise during the year after practical completion. The Parochlal Church Councll of the Eccleslastical Parish of St Peter, Heswall Trustees, Report Youth Fellowshlp and Chlldren and Famllles The PCC has maintalned Its commitment of our work among children and families with Rachel Clark, who works as Children and Familles leader, and Dani Smith as a Youth Worker, Damian Barclay from Germanyvia Time for God and Hannah Addenbrooke volunteered as youth intern and children's Intern until summer of 2024. They have both made a great contributlon and we are very grateful to Roy and Linda Edwards and Robert and Helen Page for welcomin8 them Into their homes. We have been blessed with one intern via Time for God from September 2024 - Angelina Hedt, who will serve with us until the summer of 2025. We are grateful to Miriam and Chr15 Mccorrllick for welcoming her into their home for the duration of her stay. YF now meets at the Llghthou5e Church once per month. H05Pltality By mutual agreement, Grace Adegoke ceased as Hospitality Leader In mid-M3rch having worked very hard to ensure that the community kitchen at TLC was properly equlpped and that the volunteers were suitably trained to SLtpport the church's hospitality ministry, This includes providing refreshments for a number of church events, supporting Singing Café, provldlng Welcome Lunches, obtai ning the necessary Hygiene Certificates, giving training to volunteers and startlng 'Nourish' Selling coffees, cakes and occasionally simple lunches. A Hospitality Management Team was established to support this project and its business plan. Open Door This 15 a Christian, 50cia I community response to the q uestionnaires completed durlng the Heswall 'Vlsion Café, which was an initiative developed by Bishop Mark {Bishop of Chester) to explore a grassroots consultatlon that promises to 'cast the net wide in order to capture the views of the widest number of people in our churches and communities to determine the values that will shape the strategy for how the diocese works and grows together in the future. Heswall Parish decided that a group of parishioner volunteers wil I form 5 teams each of 5 people ta open the Lighthouse Church from 11pm on Friday nights until 3am on Saturday mornings to serve the nlght time economy of Heswall. On a typical Open Door 15 50 people will pass through The Lighthouse Church for hot drinks, a warm space, conversationi prayer, toilets, phone charging. This has been an insplri ng new work connecting the church with a different sector of the Wirral PDPU lation. Thls has proved very Successful and is now established as a regular and valued service to the community in Heswall. Planned Giving Revlew A review of Planned Giving was carried out in Jan uary 2024 re5ultin8 in an increase of approximately £17,500 in regular giving. A regular a nnual review of Planned Giving to the Parish is due to be implemented early in 2025. Other Actlvltles We are very grateful for the involvement of lay people in a huge ra nge of activities across the Parish, including Life and House Groups, Singing Café, Thur5day5 Together, Grub Club, Pastoral Care, The Meeting Place, Knit & Natter, Men's breakfast, Open Door, H20 Women's events, Courses includlng Bereavement Support, Alpha, Baptism and Marrlage preparation, Earlyyears Parenting, BabyTiddlers, Little Fishes, Little Lights, Mothers, Union, music and worship, including the Choir at St Pete¢s as well as the music groups at St Peterf5 and the Lighthouse Church, and a whole host of others, especially The Parochlal Church Council of the Eccleslastical Parish of St Peter, Heswall Trustees, Report those involved with our fantastlc work among children and young people, and with the wonderful work that goes on @ach week at the St Peter'5 Centre, We are very grateful to the Bell Ringers who provide appropriate peals most Sundays, at weddings and on other special occasions. Thanks It would be very remiss not to record the PCCS extreme gratitude to the licensed Clergy, the Revds Martin Cannam and Josh Carlson, who have both contri buted so wllllngly to mainta ining the spiritual life of the Parish during the last year, They have both worked tirelessly to ensure that all the normal services continued to be held, that occasional off Ices were undertaken as necessary, and that any parish ioner5 who requi red a visit were attended to. They do have our especlal thanks, as do the retired clergyi the Revds Alan Leach, 13 n Hobbs, lan Urq uhart and John Eardley who a150 assist in leading and preaching at services. Thanlcs are also due to all the off ice staff, l ulia MacGregor and Sarah Hall who have both assisted in the smooth runnlng of the Parish Office over the year, and also to Pamela Francis in her role as Assistant Treasurer. Thanks are also due to Peter Johns and Tim Murray who have served as VerEers at St Peter's Church for weddings and funerals and to Jan Truman and Helen Hlnde our church cleaners. The PCC expresses its sincere thanks to all of those who have contributed both practically and flnanclally to sustalnlng the work of the Church in this past yea r. Your support is greatly appreclated. FINANCIAL REVIEW Investment Policv The Finance Committee has declded that the reserves of the Parish should continue to be retained in cash on term deposit with banks a nd other financia l institutions to ensure that liqu id funds wil I be avallable for expenditure when required, Reserves Pollcy The total amount held by the Parlsh as reserves at 31" December 2024 amounted to E2,619,627, of which £2,359,640 was held In restricted and endowed account5, leaving £259,987 as unrestricted reserves, Of the total restricted reserves £1,888,124 is held for the Parish Building Project. Surplus funds have been invested using a deposlt service provided by Flagstone Cash Management which provides access to different bank deposlts so that the risk of default is adequately secured by ensuring that no more than £85,000 is deposlted wlth any one bank or deposit taker. Funds relating to the bullding project a re disbursed agalnst certlflcate5 provided by Peter Mcllhagger, our project manager. The trustees aim to maintaln free reserves in unrestricted funds at a level which equates to approximately four months of unrestricted charitable expend iture. The trustees consider that this level will provide sufficient funds to ensure that there are sufficient funds available to cover support and governance costs. The trustees consider that a level of four months is sufficient given the anticipated needs of the forthcoming year. The balance helcl as unrestrlcted funds at 31" December 2024 was £259,987. Of this, £164,775 represents Designated Funds set aside by the PCC in accordance with the Legacies and Donatlons Policy, The free reserve5 of unrestricted fund5 amount to £95,212 against actual unrestricted expenditure for four months of approximately £130,000. The target level of reserves has not been achieved. The aim for the future 15 to ensure that this level is restored as 500n as possible. The Parochial Church Council of the Eccleslastical Parlsh of St Peter, Heswall Trustees, Report R15k Management The trustees have revlewed the major risks, financial and non-f inancial to which the council is exposed In the course of its current activities. They have assessed these risks and ensured that appropriate system5 and controls exist to mi nimise i nterna I risks and the effective response mechanisms exist to respond to and mi nlmise the impact of external risks. These risks and the strategy for ma nagin8 the risks are shown below., RISK STRATEGY FOR RISK MANAGEMENT Strategic Lack of strategic direction - failure to react to national church and Diocesan strategy change5, Ensure PCC fully aware of national and Diocesan strategy through Deanery and Diocesan Synod representation, reports and discussion, Ineffective governance. Maintain an active and balanced PCC, ensuring it is closely involved with planning and monltorlng activities and fina nces Loss of key members of clergy or staff withDUt suitable succession planning. Have rea Ilstlc succession planni ng, sultable notice periods and effective handovers. Church Services Decline in congregatlon numbers. Maintain quality of hospitality, worship, (both in church and online), teaching and praying and seek to attract new church attendees. Decline In quality of church services and/or occasional offices, Seek to m31ntain high quality clergy, preachi ng staff and worship and prayer offerings and implement/contlnue to offer welcoming hospitality. Continue to develop online facilities, Failure to communicate effectively with congregations Safeguardlng / Health & Safety Seek to improve existing communication channels Safeguarding issue/allegation lyoung people and vulnerable adultsl. Parish Safeguarding Policy. DBS checks on volu nteer recruitment, safeguardlng training, Parish safeguarding Officer i n place, PCC advised of any safeguarding issues reported to Diocese. The Parochlal Church Council of the Ecclesiastical Parish of St Peter, Heswall Trustees, Report Serious InJury to adult or young person attending, volunteer, contractor or member of staff, Policies for Parish buildings and activities classed as Parish activities including risk assessments, regular updates to ris1< assessments, third party insurance. Physical disaster le,g. firel Ensure Fire risk assessment up to date, fire extinguishers regularly checked, effectlve mean5 of escape, recovery plannlng to ensure continued operation, up to date Insurance cover. Legal Failure to meet legal requlrements Parochial Church Councils (Powers) Measure 1956 and the Church Representation Ru les, Charity Law, Employment Law, Health & Safety Regulations Develop pol icies, procedures and controls that are legally compliant and document these. Review effectiveness of these regularly. I nsurance, Serious personnel Issues Best practice employment policies/procedures. Manage employee and clergy expectations. Insurance cover. DBS checks. Financlal Poor budgeting, Ioss of assets, unexpÈcted Internal controls to protect cash and other assets and to prevent unauthorised com mltments. Externa l auditing or check5. Ensure these controls are in operation. Poor management of Invested assets Pollcy set by Finance Committee, appointment of su Itably qua lified investment managers where necessary. Active monitoring and market comparison, diverse asset allocation where appropriate, Dlocesan management of endowment funds, Failure of Parlsh admlnistration and financlal Systems, Strengthen IT network and Parlsh administration/finance system management. Financial f raud Strict controls over payments require all payments to be authorlsed by the Rector, two signatures to cheques and two separate authorisations for electronic payments. Cash receipts f rom collections should be signed off by Duty Warden and another. Property / Premises io The Parochial Church Councll of the Ecclesiastical Parish of St Peter, Heswall Trustees, Report Inadequate investment In premises. Develop rolling programme for malntenance of premises, effective Fabric Committee. Issue with third party hire or third party activities on church premises Building Project Ensure Hire documentation and controls are in place. Inadequate management of Proj'ect Em ploy qual ified and competent Project Manager Ensure tlght controls over budgetSng and spending once building is started, Do not start building until certainty of adequate funding to com plete the project sufficlent that the bulldlng can be used. Keep the Parish and everyone In Heswall and beyond fully informed of progress towards the target by regular and extensive communication. Ensure watertight contract provides for stage payments only on Project Manageff s certificate that specific work has been completed or speciflc materials have been delivered to site and are free of any claim. Ensure contract provide5 for termination of contract on material breach by the bui Ider. Ensure Building Steering Group are kept fully informed of progress on the build, to slmpllfy finding another architect Do as much research as possible beforehand to ensure that there are no surprises. Do not agree to any changes once the bui Id ha5 Started EnsLJre builder has adequate third party insurance (insist on seeing policy and checking it) The builders policy will only commence Once he starts on 51te-until then, we will beliableforany public liability claims, so should take out baslc site insurance to cover us against this and any gaps in the builder's policy. Restrict Catering provision The full amount for the project is not raised and/or the project is started but runs out of money before completion The Builder cease5 to tradelgoes bust/materlally breaches contract The Architect ceases to tradelgoes bust/ materially breaches contract Unforeseen costs Injury to personsldamage to adjoining bui Idings/local disturbance Unable to find sufficient volunte@rs to staff catering 5ervlce5 STRUCTURE, GOVERNANCE AND MANAGEMENT The Parish of Heswall is served by St. Peterfs Church, In the Lower Village, and the newly opened Lighthouse Church. Each Church has equal representation f rom its mem bers on the Parochial Church Council, which is the legal entity governing the Parish. Strategic decision5 are normally made by the PCC, although the Standing Committee {comprlsing the Rertor, Revd J05h Carlson, the two Churchwardens, David Ost and Roy Edward) 1£ authori5ed to make any decisions in case of urgency, subject to ratification by the next PCC Meeting. io li The Parochlal Church Councll of the Ecclesiastical Parish of St Peter, Heswall Trustees, Report The governing documents for the Parish are the Parochial Church Counci15 IPcwer5} Measure 1956 and the Church Representation Rules, Day to day management of the Parish is delegated to the Rector, During 2D24 the staff team consisted of: Rector: Rev Martin Cannam; Associate Rector Rev Josh Carlson,. Children and Family Leader: Mrs Rachel Cla rk Associate Youth Worker: Miss Dani Smith Administrator: Mrs Julia MacGregor,' Administrator / Rector's PA Mrs Sarah Hall; Assista nt Treasurer.. Mrs Pamela Francis Youth Interns.. Damian Barclay and Hannah Addenbrooke (until July 2024) Angelina Hedt Ifrom September 20241 The Church's worship ha5 been supported by the ministry of a team of dedicated lay people, Including our Readers: Michael Barritt, Jennifer Hewitt and Graham Derrig (until 20 March). We are also grateful for the assistance of a number of retired clergy• including Rev John Eardley, Rev lan Hobbs and Rev lan Urquhart and Rev Alan Leach, During 2024 8 number of people were authorised by the Diocese as Occasionally Worship Leaders: Allison Bell, Janet Connah, Sam Leinster, Sarah Hulse, Sarah Cannam, Dani Smith and Rachel Clark, During the year the PCC has met monthly, the Annual Parochial Church Meeting being held on 15, May. PCC Membership for the year Th15 Is shown on the front sheet. Commlttees of the PCC The PCC elected the following commlttee5 and as appropriate delegated to them authority for artion on its behalf: li 12 The Parochial Church Councll of the Eccleslastlcal Parish of St Peter, Heswall Trustees, Report Standing Commlttee, Flnance Committee, Fabrlc Committee, Parish Bullding Project Steering G roup. Staff Support Group Methods used to recruit and appolnt new Trustees Licensed Clergy are ex officio members of the PCC, as are Churchwardens, 4 members of the PCC are elected at each Annual Parochial Church Meeting IAPCM} and serve for a period of 3 years, and there are therefore 12 elected PCC members, There are also three parishioners who are members of the Deanery Synod, one of whom 15 elected by the APCM for a three year period, and two of whom are members of the Diocesan synod, who are elected by the Deanery for a three year period, all of whom are ex officio members of the PCC. The Treasurer of the Parish is normally co-opted onto the PCC by the virtue of his Parish responsibilities. The APCM ha5 the power to decide whether any Lay Readers in the Parish may serve as members of the PCC. Training of new Trustees New Trustees are provided with copies of document5 Outlining their responsibilities as Trustees Df a Charity provided by HM Government. Remuneratlon of Key Personnel The remuneration of all employees of the Parish is reviewed annually, and notice is taken of any Increase recommended by the Chester Dlocese. Bankers Lloyd5 Ba nk provides banklng Services to the Parish. Auditors Hallwood & Co hold the offlce of Auditors to the Parish, although in accordance wlth Charity Law, the financial statements have only been Subject to independent exam ination. TRUSTEES, RESPONSIBILITIES STATEMENT The Trustees a re responsible for preparing the Trustees Annual Report and the financial statement5 in accordance with applicable law and re8ulations. The law applicable to charities in England & Wales require5 the trustees to prepare financial statements for each financia l year. Under that law the trustee5 have elected to prepare the financia I statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. Underthe law the trustees must not approve the financial statements u nless they are satisfied that they give a true a nd fai r view of the state of affairs of the charity and the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to: 12 13 The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Trustees, Report Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charities SORP: Make judgements and accounting e5timate5 that are reasonable and prudent,. and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Each of the persons who are a trustee at the date of approval of this report confirms that.. So far as each trustee is aware, there is no relevant audit information of which the charity's auditor is unaware,. and Each trustee has taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. Approved by the trustees on lrf)ctober 2025 and signed on their behalf by: rtin Cannam Trustee Mr Michael Donnan Trustee 13 14 The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Independent Examiner's Report Report to the trustees of The Parochial Church Council of the Ecclesiastical Parish of Si Peter. Heswall on the accounts for the year ended 31 D¢cemb¢r 2024 set out on pages 15 to 30. I report to the trustees on my examination of the accounts of the above charity ('tthe Trust") for the year ended 31 December 2024. Responsibilities and basis of report As the charity's trustees. you are responsible for the preparation of the accounts in accordance with the requiren]ents of the Charilie5 Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under seclion 145 of the 201 l Acl and in carrying out my examinalion. I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement The charity's gross income exceeded £250,000 and I am qualified to undertake the examinaiion by being a qualified metllber of Insiitute of Chartered Accountants in England and Wale5. I have completed my examination. I confirni that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: the accounting Tecords were not kept in accordance with section 130 of the Charities Act" or the accounis did not accord with the accounting records-. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'trne and fair. view which is noi a mailer 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 atlention should be drawn in thi.s report in order to enable a proper understanding of the accounts to be reached. A D French FCA Hailwood & Co Chartered Accountants 392-394 Hoylake Road. Moreton. Wirral. CH46 6DF. Dale.. 20 October 2025 15 The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Statement of Financia] Activlties for the Year Ended 31 December 2024 Unrestricted Restricted Bndowment funds funds funds Total 2024 Total 2023 Note Income and endowments: Donations and legacies Charitable activities Investment income 293,509 84,827 18,216 68,396 180 361,905 85,007 18,216 472,037 57,078 30,468 Total income 396,552 68,576 465,128 559,583 Expenditure: Charitable activities Other 392,332 8,743 58,037 109,025 450,369 117,768 459,976 664,476 Total expenditure 401,075 167,062 568,137 1,124,452 Net income/(expenditure) (4,523) (98,486) (103,009) (564,869) Gross transfers between funds Other recognised gains/(losses) (46,704) 502 46,704 203 705 (39,742) Net n]ovement in funds 14 (50,725) (51,782) 203 (102,304) (604,611) Reconciliation of funds Total funds brought forward 14 299,869 2,413,201 8,861 2,721,931 3,326,542 Total funds carried forward 14 249,144 2,361,419 9,064 2,619,627 2,721,931 All of the Charity's activities in 2024 2Lnd 2023 derive from continuing operations. 16 The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assets Tangible assets Investments 10 2,506.475 2,536,565 131,058 130,097 2,637,533 2,666,662 Current assets Debtors ca.gh at bank and in hand 12 16 28,922 279.813 23,208 364,541 308,735 387,749 Creditors: Amounts falling due within one year 13 (151.641) (147.480) Net current assets 157,094 240,269 Creditors: Amounts falling due after more than one year 13 (175,000) (185,000) Net assets 2.619.627 2,721,931 Funds of the charity: Endowment funds Restricted funds 14 14 9,064 8,861 2,361,419 2,413,201 Unrestricted income funds Unrestricted funds 14 249,144 299,869 Total funds 14 2,619,627 2,721,931 The financial statements on pages 15 to 30 were approved by the trustees, and authorised for issue on lo October 2025 and signed on their behalf by: The Revd Trustee artin Cannam Mr Michael Donnan Trustee 17 The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Cash Flow Statement for the Year Ended 31 December 2024 2024 2023 Note Cash flows from operating activities Net cash income (102,304) (604,611) Adjustments to casb flows from non-cash items Depreciation Impairment Revaluation of investments 110,664 107,256 413,642 39,742 (705) 7,655 (43,971) Working capital adjustments {Increase)IdecTease in debtors Increase/(decrease) in creditors Decrease in provisions 12 13 (5,714) 2,285 (5,839) 150,113 Net cash flows from operatillg activities (3,898) 108,427 Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Purchase of investments Sale of investments 10 10 11 11 (80,574) (770,037) (256) (9,029) 237.813 Net cash flows from investing activities (80,830) (541,253) Net (decreas¢)lincrease in cash and cash equivalents 16 (84,728) (432,826) Cash and cash equivalents at l January 16 364,541 797,367 Cash and cash equivalents at 31 December 16 279,813 364,541 Reconciliation of net cash flow to movement in llet funds (Decrease) /increase in cash Net funds at l January (84,728) (432,826) 364,541 797,367 Net funds at 31 Decernber 279,813 364,541 18 The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Notss to the financial statements for the Year Ended 31 December 2024 l Accounting policies Statement of compliance The financial statements have been prepared in accordance with 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) (effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reportillg Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 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 St Peter, Heswall meets the definitio of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relcvant accounting policy notes. Going concern The trustees Collsider that there are no material uncertainties about the charity's ability to continue as a going concern. Iucome and endowments Voluntary income including donations, gifts, legacies and grants that 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 reIiability. Donations and legacies Donations and legacies are recognised on a recelvable basis when receipt is probable and the amount can be reliably measured. Legacy gifts are recognised on a case by case basis following the grant of probate when the administratorlexecutor has communicated in writing both the amount and settlement date. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated lo the applicable expenditure heading, and where costs are not directly altributable to one heading they have bcen allocated on an appropriate basis. 19 The Parochial Church Council of the Ecclesiastical Parlsh of St Peter, Heswall Notes to the financSal statements for the Year Ended 31 December 2024 l Accounting policies (continued) Raising funds These are costs illcu￿ed in attracting voluntary income, the nydnagement of investments and those incurred in trading 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. Support costs Support costs include ￿lltra1 functions and have been allocated to activity Cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Governance costs These inclu(k 'the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, management and trustees, meetings and reimbursed expenses. Pension costs In line with workplace pensions legislation, the charlty makes contributions into a defined contribution pension scheme on behalt of its eniployees, accounting for expenditure as it falls due. Taxation The charity rneets the definition of a charitable entity for UK corporation tax purposes. Accordingly, it is exempt from taxation in respect of its income or capital gains to the extent that such income or gains aTe applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £1,000 or rnore are initially recorded at cost. Cash and cash equivalents Cash and cash equivalents comprise 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 Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Notes to the financial statements for the Year Ended 31 December 2024 l AccountiDg policies (continued) Fund structure Unrestiicted incorne funds are general funds that are &vailable for use at the trustees, discretion in furtherance of the objectives ot the charity. Designated funds are legacies set aside by the PCC in accordance with the legacies and donations policy and are unrestrictcd funds sct asidc for specific puryoses at the discretloll 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 the purpose specified when the capital was donated. Flxed asset investments Fixed asset investments, other than progr¢Tr]me related investments, are included at market value at 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 charged or credited.to the Statement of Financial Activities in the period of disposal. Unrealised gains and losses represent th¢ movenlent in marlcet valucs during the ycar and are credited or charged to the Statement of Financial Activities based on the market value at the year end, Tangible fixed assets and depreciation - fixtures, fittlngs and equipment Fixtures, fittings and equipment are stated at cost less accumulated depreciation and impairment. Depreciation is provided on tangible tixed assets so as to write otf the cost or valuation, less any estimated residual value, over their expected useful economic lite as follows: Fixtures and fittings Iofo straight line A full year's depreciation is charged in the year of acquisition, no charge is made in the year of disposal. 21 The Parochial Church Council of the Eccleslastical Parish of St Peter, Heswall Notes to the financial statements for the Year Ended 31 December 2024 l Accounting policAes (continued) Tan2ible fixed assets, depreciation, and changes in accounting estimates - freehold land & buildings Land and buildings are stated at historical cost, less accumulated depreciation and impairment. Depreciation is charged on the Lighthouse Church and St Peters, Centre on a straight line basis over the useful life of each component as follows.. Structure Roofs Windows and doors Externals Mechanical and electrical installations Finishes Audio visual systems Bathrooms and kitchens 50 years 30 years 25 years 15 years 15 years 10 years 10 years 10 y¢ars Th¢ Associate Rector's Hoiise on Castle Drive continues to be depreciated on a straight line basis over 100 years, this being more appropriate to a building which is already over 100 years old. The Charity 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 detailed review undertaken. 22 The Parochial Church Council of the Ecclesiastical Parlsh of St Peter, Heswall Notes to the f￿anCial statements for the Year Ended 31 December 2024 Income from donations and legacles Unrestricted funds Designated General Restricted funds TotaL 2024 Total 2023 Donations and legacies: Appeals, donations and legacies Gift aid reclaimed Direct giving 14,667 51,365 227,477 57,852 10,544 72,519 61,909 227,477 190,196 74,908 206,933 293,509 68,396 361,905 472,037 3 Income from charitable activities Unrestricted funds Restricted General funds Total 2024 Tot 2023 Fecs alld sundrics Hall lettings Insurance claims Grants receivable Magazines etc. 52,306 32,521 180 52,486 32,521 39,339 17,739 84,827 180 85,007 57,078 4 Investment incorne Unrestricted funds Restricted Endowment General funds funds Total 2024 Total 2023 Dividends, interest and rent 18,216 18,216 30,468 18,216 18,216 30,468 23 The Parochial Church Council of the Eccleslastical Parish of St Peter, Heswall Notes to the financial statements for the Year Ended 31 December 2024 5 Expenditure on charitable activities Unrestricted funds Restricted Endowment General funds funds Total 2024 Total 2023 Diocesan share Clergy expenses Rent and rates Othcr property cxpcnses Uganda mission Staff training and support Stationery and postage Telephone Equipment costs Insurance Miscellaneous Bank charges Office wages and salaries Professional le¢s Water rates Upkeep of churches Upkeep of churchyard and waIls Halls running costs Youth projects and parish resources Youth and children's leader salaries Other wages and salaries St Peter's school costs Grants paid Sundry expenses 184,056 1,460 16,122 10,657 184,056 1.460 16,122 18,969 175,291 2,541 15,861 15,008 46,605 10,148 882 2,004 5,153 9,860 8,312 7,805 1,489 2,570 4,882 10,833 7,805 1.489 2,570 5,142 10,833 260 11,308 41,615 2,193 4,647 7,178 8,575 32,574 15,558 11,308 41,615 2,193 4,647 7,178 8,575 32,574 15,558 49,465 15,035 5,000 8,713 62 4,313 35,385 360 4,523 12,054 7,528 20,608 16,388 36,853 11,944 5,000 20,466 1,201 49,465 15,035 5,000 8,713 62 392,332 58.037 450,369 459,976 The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Notes to the financial statements for the Year Knded 31 December 2024 Analysis of governance and other costs Unrestricted funds Restricted General funds Total 2024 Total 2023 Governance costs Independent examination and accountancy fees.. Independent examination fees Other accountancy fees 1,242 5,862 1,242 5,862 1,194 5,627 7,104 7,104 6,821 other costs Construction costs not capitalised Depreciation Impairment 136,757 107,256 413,642 1,639 109,025 110,664 8,743 109,025 117,768 664,476 Net inco￿l￿gI0UtgQlttg resourccs for thc year arc stated after charging the above itcms. Construction costs not capitalised refer to Costs incurred in the construction of the Lighthouse Church which the trustees chose not to capitalise, such as those associlc ted with the overrunning of the project. Related party transactions Trustses remuneration and expenses 2024 2023 The Charity rnade the following transactions with Trustees.. Mileage and telephone expenses 1,411 2,590 There were no other related party transactions in the year. 8 Staff costs The number of persons (including senior management team) en]ployed by the Charity during the year expressed in full time equivalents was 3,3 (2023: 3,3). Another 2 (2023: 2) were employed by the Diocese and are in the Diocesan Share. Employee salaries totalled £106,115 (2023: £84,182) and included social security costs of £959 (2023., £0) and pension contributions of £1,804 (2023: £1,191). No employee received enioluments in excess of £60,000 in either year. 25 The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Notss to the financial statements for the Year Ended 31 December 2024 9 Taxation The Charity is a registered ch￿ltY and is therefore exempt from taxation, 10 Tangible fixed assets Freehold Fixtures land and fittings and buildings equipment Total Cost At l January 2024 Additions Eliminated on disposals 3,092,683 75,165 3,167,848 80,574 80,574 (9,570) (11,767) (21,337) At 31 December 2024 3,163,687 63,398 3,227,085 Depreciation At l January 2024 Charge tor the yeaT Impairment Eliminatcd Oll disposals 564,474 109,025 66,809 1,639 631,283 110,664 (9,570) (11,767) (21,337) At 31 December 2024 663,929 56,681 720,610 Net book value At 31 December 2024 2,499,758 6,717 2,506,475 At 31 December 2023 2,528,209 8,356 2,536,565 The Associate Rector's House, 15 Castle Drive, Heswall is Parish property and is included in fixed assets at its 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 Cu￿entlY being let. 26 The Parochial Church Councll of the Ecclesiastical Parlsh of St Peter, Heswall Notes to the f￿anCIal statements ror the Year Ended 31 December 2024 10 Tangible fixed assets (continued) The St Peter's Centre building has been included at contractual cost plus other improvement costs to date, less impainnent losses, Impairnient losses are recognised An the statement of financial activities under "Other expenditure (note 6). The Lighthouse Church has been included at contractual cost plus other improvement costs to date. Costs associated with thc overrun of the construction contract have not been capitalised, nor have certain preliminary costs that do not relate to the building as it was eventually constructed. Beneficed and Consecrated properties are excluded from the financial statements by s10.2(a) and 10.2(c) of the Ch&ities 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, 11 Fixed asset investments Listed Ulllisted Total Other investments Cost or valuation At l January 2024 Additions Disposals Revaluation 53,597 76,500 256 130,097 256 1,227 (522) 705 At 31 December 2024 54,824 76,234 131,058 The historical cost ot" the listed investments is not available. All are held in the UK. Listed shares are valued based on share price at the year end. Unlisted cash investments are valued at cost. 27 The Parochial Church Council of the Ecclesiastical Parish of St Peter, Heswall Notes to the financial statements for the Year Ended 31 December 2024 12 Debtors 2024 2023 Prepayments Accounts receivable Other debtors 13,156 7,055 8,711 2,297 2,162 18,749 28,922 23,208 13 Creditors 2024 2023 Amounts due Wmthln one year Other taxation and social security Accruals and deferred income Bank loans and overdrafts Accounts payable 138,084 10,000 3,557 131,025 10,000 6,455 151,641 147,480 Amounts due after more than one year Bank loans and overdrafts 175,000 185,000 175,000 185,000 Bank loans and overdrafts relate to a loan from Methodist Chapel Aid Limited for the purpose of construction of The Lighthouse ChurLh. The loan is secured on the charity's land and building at 15 Castle Drive. See note 10 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 5.6510. 28 The Parochial Church Council of the Eccleslastical Parish of St Peter, Heswall Notes lo the financial statements for the Year Ended 31 December 2024 14 Funds Other recognised gains Opening Incoming Resources balance resources expended Transfers Closing balance Unrestricted funds General funds Designated funds 195,294 104,575 396,552 (401,075) (106,904) 60,200 502 84,369 164,775 Total unrestricted 299,869 396,552 (401,075) (46,704) 502 249,144 Restricted fllnds St Peter's Centre The Lighthouse Church Castle Drive Uganda Fund Other 313,361 1,902,046 117,802 1,663 344 36,945 41,040 (14,119) (93,653) (1,253) 10,843 35,861 310,085 1,888,124 116,549 1,663 264 30,705 14,029 43,870 180 2,072 22,454 (260) (8,312) (49,465) St Peterfs Chuich Rc3Loiatio Youth & Children's Work Total restricted 2,413,201 68,576 (167,062) 46,704 2,361,419 Endowment funds Permanent 8,861 203 9,064 Total funds 2,721,931 465,128 (568,137) 705 2,619,627 There follows a description of the larger restricted funds: St Peter's Centre and Castle 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 ye