OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-12-31-accounts

Charity Registration No. 1135365

BOLTON PARISH CHURCH

PARISH CHURCH OF

ST PETER BOLTON-LE-MOORS

TRUSTEES REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Rev Canon Dr C Bracegirdle
Rev S Cook
Mr I Darbyshire
Mrs L Easterman
Mr D J Eckersley
Mr A Forrester
Rev B Gaskell
Mrs H Haywood
Rev I Hepburn
Mrs S Hobson
Mr A J Mitchell
Mr D F Morlidge MBE
Mrs A Morris
Rev Canon Professor K Newport
Mrs R M Newport
Canon J Walsh OBE
Ms A Warburton
Miss E F Weston
MrG Whalley
MrT J Whillas
Chairman Rev Canon Dr C Bracegirdle
Treasurer Mr A J Mitchell
Secretary Mr I Darbyshire
Charity number 1135365
Principal address St Peter's Parish Church
Silverell Street
Bolton
BL 11PS
Independent examiner Mr Simon Worswick BA FCA
Smith & Goulding Limited
Hamill House
112-116 Chorley New Road
Bolton
BL 1 4DH
Bankers Royal Bank of Scotland pie
46-48 Deansgate
Bolton
BL 1 1BH

II

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS CONTENTS

Page
Trustees Report iv-vii
Independent Examiner's Report viii
Statement of Financial Activities ix
Balance Sheet X
Notes To The Accounts xi-xxii

Ill

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees present their report and accounts for the year ended 31 December 2021.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Trust deed, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Aim and Purposes

St Peter Bolton-Le-Moors Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, the Reverend Canon Dr Chris Bracegirdle, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelical, social and ecumenical. The PCC is also specifically responsible for the maintenance of the Church of St Peter, Silverwell Street, Bolton.

Objectives and Activities

The PCC is committed to enabling Anglican Witness in the Heart of Bolton. Bolton Parish Church is the civic church of Bolton rooted in the Anglican choral tradition and is known throughout the town as 'The Parish Church'. We seek to build on our location and tradition by our worship, music, preaching and teaching, in our pastoral care and in our stewardship of our fine church building.

Through close partnership with our three foundation schools, we aim to contribute to the excellent education and spiritual development of children and young people in Bolton.

Public benefit statement

When planning our activities for the year, we have considered the Commission's guidance on public benefit and the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:

To facilitate this work, it is important that we maintain the fabric of the Church of St. Peter.

Achievements and Performance

Worship and Prayer

During 2021 services were held regularly at 8.00 a.m., 11.00 a.m., and 6.30 p.m. on Sundays and around midday on several days of the week with Covid-19 restrictions being observed and communion being taken in one kind.

We have celebrated 13 baptisms, 5 weddings and held 14 funerals in our church this year (a further 5 funerals were held at the crematorium).

Deanery Synod

Ten members of the PCC sit on the Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the church. This year the PCC has also focused its attention on the questions posed to parishes in the Deanery about the most effective deployment of stipendiary and non-stipendiary clergy.

The Church Building and Grounds

During 2021 the North Porch was refurbished and a new external notice board was installed both due to the generosity of the Markland Trust. The PA system was upgraded and a defibrillator was purchased. The roof, church alarms, boiler and gutters were maintained and two altar frontals were replaced.

Mission and Evangelism

Helping those in need is a demonstration of our faith. Through our fundraising efforts £2,547 was given to local and national charities during 2021.

Our parish magazine is distributed on a monthly basis. The magazine keeps our parishioners informed of the important matters affecting our Church and articles that help develop our knowledge and trust in Jesus.

iv

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Pastoral Care

Due to COVID-19 it was not possible to visit members of our Parish in home or hospital. Some members of our parish are unable to attend church due to sickness and age. The clergy and members of the Pastoral Care Team ensured that contact was made by regular phone calls and newsletters.

Ecumenical Relationships

The church is a member of Churches Together in Bolton, activities were limited in 2021 due to Covid-19 restrictions. Mission initiatives in the Town Centre such as Passion for Bolton are carried out on an ecumenical basis.

Financial Review

In previous years, Bolton Parish Church relied on a mixture of regular congregational giving coupled with additional income from activities both inside the Church and the use of the grounds to rent car parking spaces.

With both standard activities in the Church being restricted for most of the year, as well as business organisations being encouraged to work from home, these two factors still continued to have an effect on our income in 2021. We did however raise £5,000 from the use of the Church for the filming of TV series and we had a welcome return of concerts in the last quarter of the year.

Total receipts on unrestricted funds were £110,879 (2020: £102,740) of which £54,611 was unrestricted voluntary donations, and a 1further £12,178 was from Gift Aid. The planned giving through envelopes and banker's orders was £34,209 in 2021 (2020: £35,395). The annual Gift Day appeal raised £8,027 (2020: £6,940). Income from the car park, concerts and church usage by third parties decreased from £30,542 in 2020 to £29,252 in 2021. A further £600 was raised from the sale of a coat of arms and camera plus £502 from the sale of 2021 Celebration merchandise.

We were grateful for a donation of £5,000 from the family of the late Mrs Jane Hampson.

£126,180 (2020: £127,961) was spent from the unrestricted funds to provide the Christian ministry from St. Peter's Church including the contribution to the diocesan parish share (£55,000) which largely provides the stipends and housing for the clergy.

The sum that the churches in the Deanery have to find is shared between the churches on a negotiated/agreed basis and is forward set for a three-year period. This replaced the previous scheme which was based on an annual income & attendance survey. 2020 was the final year of this agreement and our Parish Share was £55,000 for year 2021 which was paid in full. Unfortunately, due to the pandemic, discussions with the Manchester Diocese for the setting of a Parish Share for years 2021-2023 did not take place in 2021.

The net result for the year was an excess of payments over receipts of £24,803 (2020: £29,064) on unrestricted funds.

The annual revaluation of investment assets showed an increase of £8,414 on the valuation at the end of 2020. There was a reduction in bank and deposit balances during the year of £8,769.

The restricted funds include the expenditure relating to the notice board, map enclosure and church maintenance which has been recovered through grants from The Markland Trust. A grant from Hulme's Bolton Lectureship Charity Estate was received towards the new Lecturer's living expenses. Also included in restricted funds are the Friends of Bolton Parish Church, the Tower and Flower funds, Sunday Morning Coffee funds and the Choir & Organ Scholarship.

The designated unrestricted funds are the Tuesday Group and the monies raised for the 2021 celebration of 150 years in the rebuilt and re-consecrated church.

Reserves Policy

The PCC consider that they should hold six month's average expenditure in bank accounts and easily realisable investments which has been achieved throughout the year. The PCC are in the fortunate position of being able to seek financial assistance by way of grant or loan from the Markland Trust for major building works and therefore do not hold any specific investments for this purpose. Funds are held in ethical investments.

Volunteers

We would like to thank all the volunteers who work so hard to make our church the lively and vibrant community that it is. In particular we want to mention our churchwardens Canon Walsh & Miss Weston, the director of music Michael Pain, the choir, bell ringers, flower arrangers, social committee, pastoral committee, tea and coffee servers, Rose­ Marie Newport and the Sunday School leaders and our cleaners. All of these have worked so tirelessly on our behalf.

Structure, governance and management

The method of appointment of PCC members is set out in the Church Representation Rules. The PCC is a registered with the Charity Commission (Charity Number 1135365).

V

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

The PCC has related Charities and Trust Funds which have been founded over the years to assist and provide financial help to the Church when it is deemed to be needed by the Trustees of the various charities and trusts. These include The Markland Trust, The James Ormrod Trust, Bolton Relief In Need Charity and Hulme's Bolton Lectureship Charity Estate.

At St. Peter's the membership of the PCC consists of the incumbent (our Vicar), church wardens, the Lecturer and Parish clergy and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services/ members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including how the funds of the PCC are spent. New members receive initial training into the workings of the PCC.

The full PCC met five times, either in person or remotely, during the year with an average attendance of 85%. Given its wide responsibilities the PCC has a number of committees, each dealing with a particular aspect of parish life. These committees which include pastoral, social, fabric and finance, are all responsible to the PCC and report back to it regularly with minutes of their decisions being received by the full PCC and discussed if necessary.

Administrative Information

St. Peter Bolton- Le-Moors is situated off Silverwell Street, Bolton. It is part of the Diocese of Manchester within the Church of England. The correspondence address is St Peter's Parish Hall, Silverwell Street, Bolton BL 1 1PS. The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006) and a charity registered with the Charity Commission.

PCC members who have served at any time from January 1'[1 ] 2021 until the date this report was approved are: Ex Officio Members

Incumbent: The Reverend Canon Dr Chris Bracegirdle Clergy: The Reverend Simon Cook Clergy: The Reverend Canon Professor Kenneth Newport Clergy: The Reverend Barrie Gaskell Clergy: The Reverend Grace Hart Clergy: The Reverend Ian Hepburn Churchwarden & Deanery Synod: Canon John Walsh OBE Churchwarden & Deanery Synod: Miss Evelyn Weston Deanery Synod: Mrs Lesley Easterman Deanery Synod: Mr David Morlidge MBE Elected: Mr Graham C Burrows (resigned November 2021) Elected: Mr Ian Darbyshire Elected: Mr David Eckersley Elected: Mr Alan Forrester Elected: Mrs Helen Haywood Elected: Mrs Sarah Hobson Elected: Mr Andrew Mitchell Elected: Mrs Aimee Morris Elected: Mrs Rose-Marie Newport Elected: Ms Ann Warburton Elected: Mr Geoffrey Whalley Elected: Mr Trevor Whillas

Statement of Trustees responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the income and expenditure of the Charity for that period. In preparing these financial statements, the Trustees are required to:

VI

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply wit�, the Charities Act 2011, the Charily (Accounts and Reports) Regulations 2008 and tile provisions of the trust deed/constitution. 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.

Approved by the PCC on .?-.U.�--�()_1.7': .. and signed on their behalf by Rev'd Canon Dr Chris Bracegirdle (PCC Chairman)

VII

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS INDEPENDENT EXAMINER'S REPORT TO THE PCC OF THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS

I report to the Trustees on my examination of the accounts of The Parish Church of St Peter Bolton-Le-Moors (the Charity) for the year ended 31 December 2021, which are set out on pages ix to xxiii.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trustee's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed ... �.� .... ���········ Date ...... ...... . 2'? . . t.b.f!.�.�.' ? .

Mr Simon Worswick BA FCA

Smith & Goulding Limited, Chartered Accountants Hamill House 112-116 Chorley New Road, Bolton, BL 1 4dH

viii

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Unrestricted Designated Restricted Endowment Total Total
Funds Funds Funds Funds 2021 2021
Notes £ £ £ £ £ £
Income and endowments from:
Donations and legacies 2(a) 66,789 2,842 28,022 97,653 71,939
Church activities 2(d) 11,557 1,230 12,787 6,812
Activities for generating funds 2(b) 30,452 527 30,979 31,204
Income from investments 2(c) 2,081 2,082 3,245
Total income 110,879 3,369 29,253 143,501 113,200
Expenditure on:
Raising funds 6{b) 9,502 885 1,474 11,861 3,843
Church activities 6(a) 126,180 1,761 29,150 157,091 140,780
Total expenditure 135,682 2,646 30,624 168,952 144,623
Net incomeI(expenditure) before
investment gains/(losses) (24,803) 723 (1,371) (25,451) (31,423)
Gains/ (losses) on investment assets
On revaluation_I_disposal 9(c) 8,251 163 8,414 (17,141)
Net incomeI(expenditure) (16,552) 723 (1,371) 163 (17,037) (48,564)
Transfers between funds
Net movement in funds (16,552) 723 (1,371) 163 (17,037) (48,564)
Fund balances at 1 January 2021 124,033 928 18,855 1,135 144,951 193,515
Fund balances at 31 December 2021 107,481 1,651 17,484 1,298 127,914 144,951

The breakdown of the 2020 figures between the unrestricted, designated, restricted and endowment funds are in note 15 on pages xviiii -xxiii.

IX

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS BALANCE SHEET AS AT 31 DECEMBER 2021

Fixed Assets
Tangible fixed assets
Investments
Total Fixed Assets
Current Assets
Stocks
Debtors
Cash at Bank and in Hand
Current Liabilities
Creditors
Net Current Assets
Total Net Assets
The Funds of the Charity
Endowment Funds
Restricted Funds
Designated Funds
Unrestricted Funds
Total Charity Funds
Notes
7
9(a/b)
10
11
8
12
13
13
13
13		 893
28,339
2,374
31,606
53,628		 2021
£
11,177
138,759
149,936
(22,022)
127,914
1,298
17,484
1,651
107,481
127,914
125
37,610
11, 143
--·-·---·------ - -
48,878
46,875		 2020
£
12,603
130,345
-
142,948
2,003
144,951
1,135
18,855
928
124,033
144,951

The accounts were approved b[y ] the Parochial Church Council on .. 'A-.[1 ] ... :� ... �.<?.��- ···· and si[g] ned on its behalf b[y] :

----- Start of picture text -----
,- ·
Chairman . � .. - --:-:. .--- -· '�; - --( .�: . •- . .
.tFt=;�: -:-
�
�---� j
Treasurer .. : ....... :� ............. .�.{.ul'C-\A
----- End of picture text -----

X

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

1.1 Basis of preparation

The accounts have been prepared in accordance with the Charity's Trust deed, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest£.

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.

1.2 Going concern

At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. There are no material uncertainties about the Charity's ability to continue.

1.3 Funds

Endowment funds are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established. The investments are held by the Manchester Diocesan Board of Finance.

Restricted funds represent (a) income from trust or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forwarded as a balance on that fund.

Unrestricted funds are general funds which can be used for PCC ordinary purposes.

Designated funds comprise of funds which have been set aside at the discretion of the PCC for specific purposes. The purposes and uses of the designated funds are set out in the note to the accounts.

1.4 Incoming resources

These are included in the Statement of Financial Activities (SOFA) when:

  1. the PCC becomes legally entitled to the benefit of use of the resources; 2. an inflow of economic benefit is probable; and

  2. the monetary value can be measured with sufficient reliability.

1.5 Resources expended

Liabilities are recognised as soon as an outflow of economic benefit is probable.

Governance costs include costs of the preparation and examination of statutory accounts, the costs of Trustees meetings and cost of any legal advice to trustees on governance or constitutional matters. All the governance costs have been included in Church Activities as a whole rather than be apportioned.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

xi

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

1.7 Stock

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured at cost.

1.8 Tangible fixed assets and depreciation

Consecrated and benefice property is not included in the financial statements in accordance with s.10 of the Charities Act 2011.

Movable church furnishings are held by the Vicar and Church Wardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed on the Church's inventory, which can be inspected by appointment with the Church Wardens. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual items have cost more than £1,000 so all such expenditure has been written off when incurred.

Equipment used within the church premises is depreciated on a reducing balance at 20% p.a. Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired. Computer equipment is depreciated at 25% straight line. The equipment purchased using restricted funds is depreciated at 20% straight line.

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognized in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

2 Incoming resources

2(a) Donations and legacies
Planned Giving
Gift Aid
Tax Receivable
Other Giving
Collections - open plate
Gift Day
Grants 2(e)
Donations, appeals etc
Contribution for vicar's expenses from St Philips
Maintenance Wall Safe
Donated Car park facilities
2(b) Activities for Raising Funds
Car Park Income
Social Committee
Organ & Music Recitals
Church Usage
2021 Celebration merchandise
Tuesday Group
Tower Fund
Sale of coat of arms and camera
2(c) Income from Investments
Interest and Dividends including tax recoverable		 Unrestricted
Designated
Restricted
Total
Funds
Funds
Funds
2021
£
£
£
£
34,209
34,209
12,178
12,178
5,366
5,366
8,027
8,027
662
24,682
25,344
5,994
2,180
1,956
10,130
1,384
1,384
15
15
1,000
1,000		 Total
2020
£
35,395
11,059
4,831
6,940
7,631
4,533
662
138
750
66,789
2,842
28,022
97,653
Unrestricted
Designated
Restricted
Total
Funds
Funds
Funds
2021
£
£
£
£
21,475
21,475
283
283
727
727
7,367
7,367
502
502
25
25
600
600		 71,939
Total
2020
£
29,061
1,261
220
587
75
30,452
527
30,979
Unrestricted
Designated
Restricted
Total
Funds
Funds
Funds
2021
£
£
£
£
2,081
2,082		 31,204
Total
2020
£
3,245
2,081
2,082		 3,245

Xll

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

Unrestricted
Funds
£
2(d) Income from Church Activities
Book of Remembrance
30
Fees paid to PCC for Weddings and Funerals
9,040
Bell Ringers
845
Sunday Morning Coffee
Votive Candles
267
Flowers
805
Magazine
570
11,557
Unrestricted
Funds
£
2(e) Grants received
Markland Trust
Markland Trust Choir & Organ Scholar
Chadwick Educational Foundation
Hulme's Bolton Lectureship Charity Estate		 Designated
Funds

£
Restricted
Total

Funds
2021

£
£
30
9,040
845
355
355
267
875
1,680
570
1,230
12,787

Restricted
Total
Funds
2021

£
£

9,611
10,273
915
915
156
156
14,000
14,000
24,682
25,344
Total
2020
£
10
5,630
203
143
320
506
6,812
Total
2020
£
4,036
1,395
2,200
7,631
Designated
Funds
£
662
662

The grants received from The Markland Trust were for a defibrillator, church maintenance, car park maintenance, architect fees, and the choir and organ scholarships amounting to £11,188. The grant for the defibrillator was £1,368, the grant for the 2021 celebrations was £662 and the grant for the organ and choir scholarships was £915. The grant for the church maintenance was £5,373, the grant for the CCTV maintenance was £1,474 and the grant for the architect fee was £1,396. The grant from Hulme's Bolton Lectureship Charity Estate was towards the Lecturer's accommodation and expenses.

3 Transactions with members of the PCC and related parties

The Trustees donated monies amounting to £19,650 by way of weekly/monthly giving.

Bolton Parish Church Repair Fund is owed £40,195 by the PCC. The Trustees who sit on the PCC as well as this Charity are Rev Canon Dr C Bracegirdle (the Vicar), A J Mitchell, Canon J Walsh OBE and E F Weston.

The PCC paid Bolton Parish Educational Foundation £3,000 for use of the Hall and its facilities during the year. The amount charged is in line with what would be charged to an external charity.

The Bolton Parish Educational Foundation donated use of one car parking space at the Church Hall to the PCC for Rev Canon Dr C Bracegirdle's use in his capacity as Vicar of Bolton Parish Church. The market cost of a car parking space is £500 per year and has been recognised as income and expenditure in the Statement of Financial Activities. The Bolton Parish Educational Foundation also donated use of one car parking space at the Church Hall to the Hulme's Bolton Lectureship Charity Estate who then donated it to the PCC for the Lecturer's use. The market cost of a car parking space is £500 for this year and has been recognised as income and expenditure in the Statement of Financial Activities. The Trustees who sit on the PCC as well as this Charity are Rev Canon Dr C Bracegirdle, A J Mitchell, Canon J Walsh OBE and E F Weston.

The Markland Trust gave grants totalling £11,188 for the various items mentioned in note 2e. The Trustees who sit on the PCC as well as this Charity are Rev Canon Dr C Bracegirdle, A Forrester, G Whalley, A J Mitchell, E F Weston, DJ Eckersley and Canon J Walsh OBE.

The Hulme's Bolton Lectureship Charity pays the salary and towards the expenses of the Lecturer Rev I Hepburn while the PCC pay the balance of his expenses. The Hulme's Bolton Lectureship Charity Estate Trustees agreed a grant of £14,000 towards the expenses and living accommodation of the Lecturer.

4 Employees / Key personnel

There were no employees during the year.

5 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

xiii

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

6 Expenditure on charitable activities
Unrestricted Designated Restricted Total Total
Funds Funds Funds 2021 2020
£ £ £ £ £
6(a) Church Activities
Charitable Giving 6(c)
Secular
Home Missions 1,090 1457 2,547 2,561
Ministry Parish Share 55,000 55,000 55,000
Bellringers Fees 550 550
Parish Church Hall Fees 3,000 3,000 2,000
Choir Fees 1,270 1,270 894
Director of Music 6,686 6,686 5,630
Relief Organists 430 430 236
Donated Car Park Facilities 1,000 1,000 750
Choir and Organ Scholarships 915 915 1,307
Church Running Expenses
Electricity 3,056 3,056 2,629
Gas 12,131 12,131 13,051
Water 613 613 738
Insurance 7,272 7,272 8,552
Cleaning 3,040 3,040 3,171
Wedding & Funeral Fees 4,107 4,107 4,660
Lecturers Accommodation Allowance 261 14,000 14,261 7,133
Lecturers Expenses 1,844 1,844 950
Vicarage Expenses 2,068 2,068 2,399
Vicars Expenses 266 1,384 1,650 1,564
Curate Expenses 584 584 1,095
Verger Fees 760 760 187
Licences 287 287 215
Petty Cash & Sundries
Postage, Stationer & Photocopying		 245
490		 245
490		 765
Subscriptions 337 337 319
Telephone
Upkeep of Serices		 447
5,855		 1,200 447
7,055		 310
2,776
Church Maintenance
Repairs & Replacements 8,055 6,768 14,823 12,391
Organ and Piano Maintenance 1,452 1,452 2,398
PPE/Covid-19 safety equipment 1,990
Depreciation 107 2,687 2,794 3,151
Flowers 1,536 739 2,275 698
Church Magazines
Tower Expenses
Independent Examiners Fee 1,200 1,200 1,200
2021 Celebration Expenses 1,141 1,761 2,902
Bank charges
Lecturer's leaving gift 60
126,180 1,761 29,150 157,091 140,780

XIV

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

6(b) Fundraising Costs
Car Park Rates & Expenses
Social Committee
Organ Music Recitals
2021 Celebration Merchandise
Tuesday Group
6(c) Charitable Giving
2021 Celebration
Age UK
Bolton Hospice
Bolton Mountain Rescue
Bolton Parish Church School
Children's Hospital
Children's Society
Christian Aid
Church Army
Churches Together
City of Sanctuary Bolton
Derian House
Embrace The Middle East
Help for Heroes
GMIM Xmas Bus Incentive
Juvenile Diabetes
Macmillan
North West Air Ambulance
Ordination collection
Parkinsons UK
Teenage Cancer Trust
Toilet Twinning
The Destitution Project
Urban Outreach
7 Tangible fixed assets
Cost or Valuation
At 1 January 2021
Additions
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net Book Value
At 31 December 2021
At 1 January 2021		 Unrestricted
Funds
£
9,180
212
110		 Designated
Restricted
Total
Funds
Funds
2021
£
£
£
1,474
10,654
212
110
860
860
25
25
885
1,474
11,861
Designated
Restricted
Total
Funds
Funds
2021
£
£
89
89
140
140
156
156
63
63
346
596
152
152
87
87
250
45
45
29
29
226
226
19
19
64
64
41
41
250
340
1,457
2,547
Furniture &
Furniture &
fittings
fittings
Unrestricted Fund
Restricted Fund
£
£
37,816
21,652
1,368
Total
2020
£
3,843
3,843
Total
2020
£
50
251
250
250
400
250
500
300
60
250
2,561
Total
£
59,468
1,368
9,502
Unrestricted
Funds
£
250
250
250
340
1,090
37,816
23,020
37,280
9,585
107
2,687
60,836
46,865
2,794
37,387
12,272
429
10,748
536
12,067
49,659
11,177
12,603

xv

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

8 Cash at bank and in Hand
2021 2020
£ £
Endowment
Restricted 9,069 6,789
Designated (1,422) 928
Unrestricted (5,273} 3,426
2,374 11,143
9 Fixed Asset investments for use by the PCC
Nominal Cost Market Addition / IncreaseI Market
Value or No Value (Disposal) (Decrease) Value
of Shares 2021 in Value 2020
8.(a)
Investments		 £ £ £ £ £
Unrestricted held by MDBF
Consolidated Legacy Fund
JPMF UK Strategic Income Fund
35146 units 35,146 3,546 43,840 2,016 41,824
Charifund
Charibond Narrow Range		 1,715
5,850		 5,345
7,170
26,689
3,150
23,539
7�,07 8 ____�(235}� ___ 7,313
77,607
4,931
72,676
Unrestricted held by the PCC
R C Winder COIF Investment Fund 1,195.60 24,854 3,320 21,534
24,854 3,320 21,534
Restricted Endowment Funds
(MDBF)
St Peter Endowment CBF Inv Fund 111 513 1,298
163
1,135
----
--------------
-
1,298
163
1,135
9.(b) Painting held as investments
These have been valued at a professional appraisal figure
35,000		 35,000
which has been used for insurance purposes
Total Investments 138,759 8,414 130,345

9.(c) Unrealised gains/(losses) in investments and fixed assets

This relates to the revaluation of investments held by or on behalf of the PCC, on an annual basis and is represented by the difference between the opening and closing market values.

Unrealised gains/(losses) in unrestricted investments (MDBF)
Unrealised gains/(losses) in unrestricted investments (General)
Unrealised gain/(losses) in restricted investments
Total unrealised gains in the year
10 Stock
2021 Celebration Merchandise (Designated)
Upkeep of Services (Unrestricted)
11 Debtors
Income Tax re: Gift Aid (Unrestricted)
Markland Trust (Unrestricted)
Car Park Income (Unrestricted)
Bolton Relief In Need (Unrestricted)
University of Bolton (Designated)
Chadwick Educational Foundation (Restricted)
Hulme's Bolton Lectureship Charity Estate (Restricted)
Markland Trust (Restricted)
Bolton Metropolitan Borough Council (Restricted)		 2021
£
4,931
3,320
163
8,414
2021
£
893
2021
£
4,406
20,786
2,180
156
691
120
28,339		 2020
£
(18,509)
1,294
74
(17,141}
2020
£
125
2020
£
2,474
28,915
825
1,000
2,200
2,196
37,610

XVI

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

12 Creditors, accruals and deferred income

12 Creditors, accruals and deferred income
2021 2020
£ £
Amounts faling due inside one year
Utilities accrued 2,067 2,326
Independent Examiner 1,200 1,200
Church Repair Fund Loan 40,195 40,195
Wedding deposit 3,019 3,154
Income Tax re duplicated gift aid receipt from HMRC 3,847
Hulme's Bolton Lectureship Charity Estate (Restricted) 3,300
53,628 46,875

13 Funds

Endowment Funds

These are trust fund investments held for the PCC by the Manchester Diocesan Board of Finance. Restricted Funds

Tower Fund Flower Fund Sunday Morning Coffee Friends of Bolton Parish Church Grants & other donations

Designated Funds 2021 Celebration Tuesday Group

To raise funds for the maintenance of items relating to the Tower To raise funds for church flowers

Each Sunday funds are collected for specific charities To raise funds for the renewal of sacred books and church artefacts Grants and donations for certain specific purposes

To raise funds for the 150[th ] anniversary celebration of when the church was built To raise funds for various charities and for the Church

Funds
Endowment Fund
Restricted - Tower Fund
Restricted - Flower Fund
Restricted - Sunday Morning Cofee
Restricted - Friends of Bolton Parish
Church
Restricted - Choir & Organ Scholarship
Restricted - Grants & other donations
Designated Fund - 2021 celebration
Designated Fund - Tuesday Group
Unrestricted Fund
Total Funds		 Balance
at 1
Movement in funds
January
Income
Expenditure
2021
1,135
613
36
875
739
222
355
577
5,517
20
87
915
915
12,380
27,088
28,393
170
3,344
2,621
758
25
25
124,033110,879
135,682
Transfer
between
funds
Balance at
31
Revaluation
December
163
8,251
2021
1,298
613
172
5,537
87
11,075
893
758
107,481
144,951 143,501
168,952
8,414
127,914

14 Analysis of net assets between funds

Fund balances at 31 December 2021 are
represented by:		 Unrestricted
Funds		 Designated
Funds		 Restricted
Funds		 Endowment
Funds		 Total
£ £ £ £ £
Tangible fixed assets 429 10,748 11,177
Investments 137,461 1,298 138,759
Current assets 19,919 1,651 10,036 31,606
Creditors: amounts falling due within one year (50,328) (3,300) (53,628)
107,481 1,651 17,484 1,298 127,914
Unrealised gains included above:
On investments 132,497 785 133,282
132,497 785 133,282
Reconciliation of movements in unrealised gains:
Unrealised gains at 1 January 2021 124,246 622 124,868
Net gains on revaluations in year 8,251 163 8,414
Unrealised gains at 31 December 2021 132,497 785 133,282

XVII

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

15 Comparatives for 2020
Statement of Financial Activities
Unrestricted
Designated
Restricted
Funds
Funds
Funds
Notes
£
£
£
Income and endowments from:
Donations and legacies
2(a)
62,676
9,263
Church activities
2(d)
6,289
523
Activities for generating funds
2(b)
30,542
587
75
Income from investments
2(c)
3,233
12
Total income
102,740
587
9,873
Expenditure on:
Raising funds
6(b)
3,843
Church activities
6(a)
127,961
129
12,690
Total expenditure
131,804
129
12,690
Net income / (expenditure) before
investment gains/(losses)
(29,064)
458
(2,817)
Gains_I_(losses) on investment assets
On revaluation
9(c)
(17,215)
Net incomeI(expenditure)
(46,279)
458
(2,817)
Transfers between funds
Net movement in funds
(46,279)
458
(2,817)
Fund balances at 1 January 2020
170,312
470
21,672
Fund balances at 31 December 2020
124,033
928
18,855
Endowment
Funds
£
74
74
74
1,061
1,135
Unrestricted
Designated
Restricted
Funds
Funds
Funds
£
£
£
2(a) Donations and legacies
Planned Giving
Gift Aid
35,395
Tax Receivable
11,059
Other Giving
Collections - open plate
4,831
Gift Day
6,940
Grants 2(e)
7,631
Donations, appeals etc
3,563
970
Contribution for vicar's expenses from St Philips
662
Maintenance Wall Safe
138
Donated Car park facilities
750
62,676
9,263
Total
2020
£
71,939
6,812
31,204
3,245
113,200
3,843
140,780
144,623
(31,423)
(17,141)
(48,564)
(48,564)
193,515
144,951
Total
2020
£
35,395
11,059
4,831
6,940
7,631
4,533
662
138
750
71,939		 Unrestricted
Designated
Restricted
Funds
Funds
Funds
£
£
£
62,676
9,263
6,289
523
30,542
587
75
3,233
12
Endowment
Funds
£
Total
2020
£
71,939
6,812
31,204
3,245		 Unrestricted
Designated
Restricted
Funds
Funds
Funds
£
£
£
62,676
9,263
6,289
523
30,542
587
75
3,233
12
Endowment
Funds
£
Total
2020
£
71,939
6,812
31,204
3,245
102,740
587
9,873
113,200
3,843
127,961
129
12,690
3,843
140,780
131,804
129
12,690
(29,064)
458
(2,817)
(17,215)
(46,279)
458
(2,817)
74
74
144,623
(31,423)
(17,141)
(48,564)
(46,279)
458
(2,817)
170,312
470
21,672
74
1,061
(48,564)
193,515
124,033
928
18,855
1,135
Unrestricted
Designated
Restricted
Funds
Funds
Funds
£
£
£
35,395
11,059
4,831
6,940
7,631
3,563
970
662
138
750
62,676
9,263
144,951
Total
2020
£
35,395
11,059
4,831
6,940
7,631
4,533
662
138
750
71,939

xviii

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

15 Comparatives for 2020 continued

2(b) Activities for Raising Funds
Car Park Income
Social Committee
Organ & Music Recitals
Church Usage
2021 Celebration merchandise
Tuesday Group
Tower Fund
2(c) Income from Investments
Interest and Dividends including tax recoverable
2(d) Income from Church Activities
Book of Remembrance
Fees paid to PCC for Weddings and Funerals
Bell Ringers
SundayMorning Coffee
Votive Candles
Flowers
Magazine
2(e) Grants received
Markland Trust
Markland Trust Choir & Organ Scholarship
Chadwick Educational Foundation
Hulme's Bolton Lectureship Charity Estate		 Unrestricted
Designated
Restricted
Total
Funds
Funds
Funds
2020
£
£
£
£
29,061
29,061
1,261
1,261
220
220
587
587
75
75
30,542
587
75
31,204
Unrestricted
Designated
Restricted
Total
Funds
Funds
Funds
2020
£
£
£
£
3,233
12
3,245
3,233
12
3,245
Unrestricted
Designated
Restricted
Total
Funds
Funds
Funds
2020
£
£
£
£
10
10
5,630
5,630
203
203
143
143
320
320
506
506
6,289
523
6,812
Unrestricted
Designated
Restricted
Total
Funds
Funds
Funds
2020
£
£
£
£
4,036
4,036
1,395
1,395
2,200
2,200
7,631
7,631

xix

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

15 Comparatives for 2020 continued

6(a) Church Activities
Charitable Giving 6(c)
Secular
Home Missions
Ministry Parish Share
Bellringers Fees
Parish Church Hall Fees
Choir Fees
Director of Music
Relief Organists
Donated Car Park Facilities
Choir and Organ Scholarships
Church Running Expenses
Electricity
Gas
Water
Insurance
Cleaning
Wedding & Funeral Fees
Lecturers Accommodation Allowance
Lecturers Expenses
Vicarage Expenses
Vicars Expenses
Curate Expenses
Verger Fees
Licences
Petty Cash & Sundries
Postage, Stationery & Photocopying
Subscriptions
Telephone
Upkeep of Services
Church Maintenance
Repairs & Replacements
Organ and Piano Maintenance
PPE/Covid-19 safety equipment
Depreciation
Flowers
Church Magazines
Tower Expenses
Independent Examiners Fee
Bank charges
Lecturer's leaving gift		 Unrestricted
Funds
£
1,500
55,000
2,000
894
5,630
236
750
2,629
13,051
738
8,552
3,171
4,660
5,000
883
2,399
902
1,095
187
215
765
319
310
2,776
10,195
2,398
150
134
162
1,200
60
Designated
Funds
£
110
19
Restricted
Funds
£
951
1,307
2,133
67
662
2,196
1,840
3,017
517
Total
2020
£
2,561
55,000
2,000
894
5,630
236
750
1,307
2,629
13,051
738
8,552
3,171
4,660
7,133
950
2,399
1,564
1,095
187
215
765
319
310
2,776
12,391
2,398
1,990
3,151
698
1,200
60
127,961
129
12,690
140,780
6(b) Fundraising Costs
Car Park Rates & Expenses
Social Committee
Organ Music Recitals
2021 Celebration Expenses
Tuesday Group		 Unrestricted
Funds
£
3,843
3,843
Designated
Funds
Restricted
Funds
£
Total
2020
£
3,843
3,843

XX

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

15 Comparatives for 2020 continued

6(c) Charitable Giving
2021 Celebration
Age UK
Back Up North West
Bibbys Farm
Bolton Hospice
Bolton Mountain Rescue
Bolton Parish Church School
Children's Society
Christian Aid
Church Army
Churches Together
City of Sanctuary Bolton
Dementia Support
Emmaus Bolton
Fortalice
Help for Heroes
GMIM Xmas Bus Incentive
Juvenile Diabetes
Manchester Diocese
North West Air Ambulance
Ordination collection
Parkinsons UK
Teenage Cancer Trust
Toilet Twinning
The Dianne Oxberry Trust
Urban Outreach		 Unrestricted
Designated
Restricted
Total
Funds
Funds
Funds
2020
£
£
£
50
50
251
251
250
250
250
250
400
400
250
250
500
500
300
300
60
60
250
250
1,500
110
951
2,561
Analysis of net assets between funds
Fund balances at 31 December 2020 are
represented by:
Tangible fixed assets
Investments
Current assets
Creditors: amounts falling due within one year
Unrealised gains included above:
On investments
Reconciliation of movements in unrealised
gains
Unrealised gains at 1 January 2020
Net gains on revaluations in year
Unrealised gains at 31 December 2020		 Unrestricted
Designated
Restricted
Endowment
Total
Funds
Funds
Funds
Funds
£
£
£
£
£
536
12,067
12,603
129,210
1,135
130,345
41,162
928
6,788
48,878
(46,875)
(46,875)
124,033
928
18,855
1,135
144,951
124,246
622
124,868
124,246
622
124,868
141,461
548
142,009
(17,215)
74
(17,141)
124,246
622
124,868

xxi

THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

15 Comparatives for 2020 continued Funds

Endowment Funds

These are trust fund investments held for the PCC by the Manchester Diocesan Board of Finance.

Restricted Funds

Tower Fund To raise funds for the maintenance of items relating to the Tower Flower Fund To raise funds for church flowers Sunday Morning Coffee Each Sunday funds are collected for specific charities Friends of Bolton Parish Church To raise funds for the renewal of sacred books and church artefacts Grants & other donations Grants and donations for certain specific purposes

Designated Funds

2021 Celebration To raise funds for the 2021 celebration of when the church was built Tuesday Group To raise funds for various charities and for the Church

Balance Movement in funds Balance at
at 1 31
Funds January
2020		 Income Expenditure Transfer
between		 Revaluation December
2020
funds
Endowment Fund 1,061 74 1,135
Restricted - Tower Fund 538 75 613
Restricted - Flower Fund 233 320 (517) 36
Restricted - Sunday Morning Coffee 19 203 222
Restricted - Friends of Bolton Parish
Church		 5,485 32 5,517
Restricted - Choir & Organ
Scholarship		 1,395 (1,308) 87
Restricted - Grants & other donations 15,397 7,848 (10,865) 12,380
Designated Fund - 2021 celebration 170 170
Designated Fund - Tuesday Group 300 587 (129) 758
Unrestricted Fund 170,312 102,740 (131,804) (17,215) 124,033
Total Funds 193,515 113,200 (144,623) (17,141) 144,951

The Tuesday Group was originally included in Unrestricted Funds. It has been requested that it been shown separately and therefore the balance brought forward has been transferred into a Designated Fund along with the income and expenditure of the group

XXII