Charlty Reglstratlon No. 1135365 BOLTON PARISH CHURCH PARISH CHURCH OF ST PETER BOLTON-LE-MOORS TRUSTEES REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS LEGAL AND ADMINISTRATIVE INFORMATION Trustees Rev Canon Dr C Bracegirdle Mr l Darbyshire Mrs L Easterman Mr D J Eckersley Mrs H Haywood Rev l Hepbum Mr8 S Hobson Mr A J Mitchell Mr D F Morlidge MBE Mrs A Morris Rev Ganon Professor K Newport Mrs R M Newport Canon J Walsh OBE Ms A Warburton Miss E F Weston Mr G Whalley Mr T J Whillas Chalrma Rev Canon Dr C Bracegirdle Troasurer Mr A J Mil¢hell Str¢retary Mr l Darbyshire Charlty number 1135365 Prlnclpal address Sl Peter's P8rish Chur¢h Silverwell Stre81 Bolto BL1 IPS Independent Bxamlner Mr Andrew Simm FCA Smith & Goulding Limited Hamill House 112-116 Chorley New Road Bolton BL1 4DH Bankers Royal Bank ol Scotland plc 4648 Deansgale Bolton BL1 IBH
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS CONTENTS Page Trustees Report Independent Examiner's Report Slalemenl of Financial Activities Balance Sheet Notes To The Accounts
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees present their report and accounts for the year ènded 31 08cember 2022. The accounts have been prepared in accordance with the accounting policies sel out in note 1 to the financial statement8 and comply with the Charity's Trust deed, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Pra¢ti¢e applicable to charities pieparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1 C>211@ffective 1 January 20191 Airn and Purposes Sl Peler Bollon-Le-Moors Parochial Church Council IPCCI has the responsibility of coop&raling wilh the incumbent, the Reverend Canon Dr Chris Bracegirdle, in promoting in the ecclesiastical parish, the whole mission ol Ihe Church, pastoral, evangelical, social and ecumenical. The PCC is also speafically responsible for the maintenance of the Church of Sl Peter. Silverwell Street, Bolton. Objeetlves and Actlvlties The PCC is ¢ommilled to enabllng Anglican Witness in the Heart ol Bolton. Bolton Parish Church is the Civi¢ ¢hurch of Bolton rooted in the Anglican choral tradition and is known throughout the town as 'The Parish Church,. We seek lo build on our location and tradition by our worship, muslc, preachlng and leaching, in our pastoral care and in our stewardship of our fine church building. Through close partnership with our three foundation schools, we aim lo contribute lo 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 Gommission's guidance on public benefit and thè supplementary guidance on charities for the advancement of religion. In particular, we try lo enable ordinary people to live out their faith as part of our parish communily through.. Worship and prayer., Learning about the Gosp81' Developing their knowl@dge and trust in Jesus. Provision of pastor81 car& for people living in the wider parish. Missionary and outreach work. To facililale this Work, il is important that we maintain the fabric of the Church of Sl. Peter. Achlevements and Pgrformance Worship and Prayer During 2022 services were held regularly al 8,00 a.m., 11.00 a.m., and 6.30 p.m. on Sundays and around midday on Tuesdays and Thursdays and with Covid-19 rèslriclions being removed, communion is taken in both kinds. We have celebTated 38 baptisms. 11 weddings and held 11 funera15 in our ¢hur¢h this year {a further 8 funerals were held al the crematorium). Deanery Synod Ten members of the PCC sil on the Deaneiy Synod. This provides the PCC with an important link between the parish and the wider structures of the church. This year Ihe PCC has also focused its attention on the questions posed to parishes in the Dèanery about the most effectiv& deployment of stipendiary and non-slipendiary clergy and Mission Communities. The Church Building and Grounds DrIng 2022 the North Porch relurbishment was completed and gales and doors painted both due lo the generosity of the Markland Trust. New carpets and ele¢lri¢al work were undertaken in the Veslry and Lady Chapel. The roof, ¢hvrch alarms, pathway lights. bc>iler arid gutters were maintained. Misslon and Evangelism Helping those in need Is a d&monslralion of our lailh. Through our fundraising efforts £E,498 was given lo local and national charities during 2022. Our parish magazine is distributed on a monthly basis, The magazine keeps our parishioners informed of the important mallers aflecling our Church and articles th81 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 2022 Pastoral Care With COVID-19 rèslriclions being lifted, il was now possible for the Clergy and othèrs lo visit members of OUT Parish in home or hospital. Some members ol our parish are unable lo allend church due lo sickness and age. The clergy and members of the Pastoral Care Team ensured that ¢onta¢l was made by regular phone calls and newslellers. Ecumenical Relationship5 The church is a member of Churches TDgelher in Bolton, activities were limited in 2022. Misslon iniliallves in the Town Centre such as Passion for Bolton are carried out on an ecumenical basis. Flnanclal Revlew Bo(lon Parish Church relie5 On a mixture ol regular congregational giving coupled wth additional income from aclivilies both inside the Church and the use of the grounds lo rent car parking spaces. Congregational giving was lower Ih8n 2021 due lo deaths and reliremenls of larger ¥egular givers. INilh fewer people working from home, car park income inGreased lo £28,09012021.' £21,475) We did however increase the income from th8 use of the Church bullding lor filming and concerts lo £11.280 from £7,367 in 2021. Total receipts on unreslricled funds were £157,064 12021..£110.8791 of which £84,354 was unreslricled voluntary donaliorns, and a furth8r £11,842 was from Gift Aid. The planned giving thmugh envelopes and bankerfs ordeis decreased from £34,209 in 2021 10 £31,528 in 2022 We were grateful for a legacy of £29,362 from the eslale of the late Miss Joan Horrocks Heys. £124,014 12021.'£126,1801 was spent from the unrestricted funds lo provide the Chiislian ministry from Sl. Peterfs Church ir*cluding the contribution lo the diocesan parish share 1£56,1001 which largely provides the slip8nds and housing for the clergy .The arrears of car park business rates wèr8 paid in 2022. The sum that the chuiches in the Deanery have lo find is shared between the churches on a negolialedlagreed basis and is forward sel for a Ihree-year period. This replaced the previous scheme which was bssed on an annual income & attendance survey. 2020 was thè final year oflhis agreem8nl and our Parish Share was £56.100 for year 2022 which was paid in full. Unfortunately. due lo the pandemic, discussions with the Manchester Diocese for the selling of a Parish Share for y&ars 2023-2025 did not take place in 2022. The nel result for the year was an excess of receipts over payments of £9,03912021.'1£24,8031 on unreslricled funds. The annual revaluation of investment assets showed a decrease 01 £1,406 on the values at the end of 2022. There was increase in bank and deposit balances during the year of £9,203. The restricted funds include the expenditure relating lo the painting of the gales, outside display equipment, DireGlor of Music reciuilwenl and church maintenan¢@ which has been recovered through grants Irom The Markland Trust. A grant from Hulme's Bolton Lectureship Charity Estate wa5 received towards the Lecturer's living expenses. Also included in reslriGled funds are the Friends of Bo51Dn Parish Church, the Tower and Flower funds, Sunday Morning Coffee funds and the Choir & Organ Scholarship_ The designated unreslri¢ted lunds are the newly formed Ttjesday Croup and the monies iaised forlhe 2021 celebration of 150 years in the rebuilt and re-consecraled Church. Reserves Policy The PCC consider that they should hold six month's average expenditure in bank accounts and easily realisable investments whiGh has been achieved throughout the year. The PCC are in the fortunate position of being able lo seek financial asSlStancÈ by way of grant or loan from the Markland Trust for major building works a4)d Iherefoie do not hold any specific investments for this puipose. Funds are hetd in ethical inveslmenls. Volunteers Wè would like lo thank all the volunteers who work so hard lo make our church the lively and vibrant community that il is. In particular we want lo mention our ¢hurchwardens Canon Walsh & Miss Weston, the director of music Michael Pain, the choir, bell ringers, flDwei arrangers, social committee, pastoral commilleè, lea 8nd coffee servers, Rose- Marie Newport and the Sunday School leaders 2nd our cleaners. All of these have wc>rked so tirelessly on our behalf. Structure, governanGe and management The method of appointment c>f PCC members is sel out in the Church Represenlalion Rules. The PCC is a registered with the Charily Commission (Charity Number 11353651.
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The PCC has related Charities and Trust Funds which have been founded over the years lo assist and provide financial help lo the ChuT¢h when it is deemed lo 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. Al Sl. Peter's the membership of the PCC consists of the incumbent {our Vicarl, church w?rdens, the Lecturer and Parish clergy and members elected by those members of the congrègation who are on the electoral roll of the church. All those who allend our services I members of the ¢ongregalion are èncouraged lo register on the Electoral Roll and stand foT election to the PCC. The PCC members are responsible for making decisSons on all matters of general concern and importance lo the parish including how the funds of the PCC are spent. New member8 receive Initial Iralning Into the WkingS of the PCC. The full PCC mel five limes, either in person or remotely, during the year. Given ils wide responsibilities the PCC has a number of commillees, oach dealing wilh a particular aspect of parish life. These commillees which include pastoral. social. fabric and finance. are all responsible lo the PCC and report back lo it Tegularly with minutes ol their decisions ing received by th8 full PCC and dis¢ussed if necessary. Admlnlstrative Information Sl_ Peter Bolton- Le.Moors Is situated off Silverwell Street, Bolton. 11 is part ol the Diocese of Manchester within the Church ol England. The correspondence address is Sl Peter's Parish Hall. Silverwell Street, Bolton BLI 1 PS. The PCC Is a body corporate IPCC Poweis Mèasure 1956, Church Repr8s&nlatson Rules 20061 and a charity registered with the Charity Commission. PCC members who have served during the year are.. Ex Officio Members Incumbenl.. The Reverend Canon Dr Chris Bracogirdle Clergy.. The Reverend Simon Cook Clergy.. The Reverend Canon Professor Kenneth Newport Clergy." The Reverend Barrie Gaskell Ireslgned 31 July 20221 Clergy." The Reverend Grace Hart Clergy.. The Reverend lan Hepburn Churchwarden & Deanery Synod.. Canon John Walsh OBE Churchwarden & Dèanèry Synod.. Miss Evelyn Weston Deanery Synod.. Mrs Lesley Easlerman Deanery Synod.. Mr David Morfidge MBE Ele¢led.' Mr lan Darbyshire Elected.. Mr David Eckersley Elected.. Mr Alan Forresler (resignod 28 November 20221 Elected,. Mrs Helen Haywood E16cled.' Mrs Sarah Hobson Ele¢led,' Mr Andrew Mitchell Eleded.. Mrs Aitnee Morris Elected.. Mrs Rose-marie Newport Eleded.. Ms Ann Warburton Ele¢led.' Mr Geollrey Whalley Ele¢led.' Mr Trevor Whillas Statgmènt of Trustee5 responslblllties The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with appli¢able18w and United Kingdom Accounting Standards including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland Iuniled Kingdom Generally Accepted A¢¢ounling Practice). The law applicable lo Charities in England & Wales require5 the Trustees lo prppare finanGial statements for each financial year which give a true and fair view of the slate ol affairs of the Charity and of the income and expenditure of the Charity lor that pèrlod. In preparing these financial slatemenls, the Trustees are required lo.. select suitable accounting poticies and then apply Ihem conslslenlly., observe the methods and principles in the Charities SORP., make judgments and accounting eslimales that are reasonable and prudent., stale whether applicable a¢¢ounlin9 Standards have been followed, subject to any material departures disclosed 8nd explained in the financial slalemenls, and vi
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the Charity will continue in business. The Trusle&s are responsible for maintainin9 proper accounting records which disclose with reasonable accuracy al any lime the financial Position of the Charity and enable them lo ensure that the financial slalemenls Comply with the Charities Act 2011. the Charity IA¢¢oLJnls and Reports) RegulaliDns 2008 and the provisions of the trust deedlconslilulion. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevenlion and detection of fraud and other irregularities. Approved by the PCC on and signed on their behalf by .E. Weston IPCC Joint Chalrl .J. Walsh {PCG Joint Chairl
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 repDrt lo the Trustees on my examillalion ol the accounts of The Parish Church of Sl Peter Bollon~Le-Moors Ilhe Charilyl for the yesr ended 31 December 2022, which are sel out on pages Ex to xxiii. Responsibilltles and basis of report As the Trustees of th& Charily you are responsibl& for the prepgralion of the accounts in accordance with the requirements of the Chariligs Ad 20111'lhe Acl'l. 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 14515llbl of the 2011 Act. Indepèndent examln&r'$ statement I have completed my examination. l ¢onfirm that no material matters have come to my altention in connection wlh the examinalion giving me cause lo believe that in any material respe¢t.' 111 accounting records were not kept in respect ol the Charity as required by se¢lion 130 of the Act,. or 121 the accounts do not accord wqth those records., or 131 the accounts do not comply with the applicable requirements concerning the fomi and content of accounts sel out in the Charities IAc¢ounls and Reports) Regulations 2008 other than any requirement Ihat the accounts give ? 'Irue and fair view which is not a matter considered as part of an Independent examination. I have no con¢erns and have come across no Dlher mallers in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Signed.. MrAndraw Slmm FCA Dale Smith & Goltlding Limited, Chartered Accountants Hamill Hous 112-116 Chc>rl8y New Road, Bolton, BL7 40H
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted Deslgnated Reslrlcted Endowment Funds Funds Funds Funds Total 2022 Total 2021 Notes InGome and endowments from.. Donations and legacies 21al 96,196 28,125 124,321 97.653 Church activities 21dl 17,632 2,023 19,65S 12.787 Activities lor geneTating funds 21bl 40,993 63 41,056 30.979 Income from investments 2{cl 2,243 42 2,28S 2,082 Totsl Income 1 S7,064 63 30,190 187,317 143.501 Expendlture on: Raising funds 61bl 24,011 394 24,406 11,861 Church activities 6{al 124,014 500 31,630 156,144 157,091 Total expendltur8 Net Sncome I lexpendlturel before Inv8Stment galnslllosses Gains I1108sesl on investment assets 148,025 894 31,630 180,549 168,952 9,039 8311 11,4401 6.768 {25,4511 On revaluation I disposal 7{cl 11,2541 11521 Iq,4061 8,414 Net income I lexponditurel 7,785 {8311 11,4401 1162) 5,362 117,0371 Transfers between funds Net movement in funds 7,785 18311 11.4401 1152 5,362 117,0371 Fund balances al 1 January 2022 107,481 1,651 17,484 1,298 127,914 144,951 Fund balances at 31 December 2022 115,286 820 16,044 1,146 133.276 127.914 The breakdo of the 2021 figures between the unreslricled, designated. restricted and endowment funds a in note 15 on pages xviiii -xxill. ix
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS BALANCE SHEET AS A T 31 DECEMBER 2022 Notes 2022 2021 Fixed Assets Tangible fixed assets Investments 9.501 137.354 146,855 11,177 138,759 71albl Total Flxod Assets 149,936 Current Assets Stocks 543 893 Debtors 10 23,227 11.577 35,347 28,339 2,374 31,606 Cash al Bank and in Hand 11 Current Liabilitles Creditors 12 48,926 53.628 Net Current Asset5 113.5791 133,276 122,0221 127,914 Total Net Assets The Funds of the Charlty Endowment Funds 1.146 16,044 820 1,298 17,484 1,651 107,481 127,914 Reslricled Funds Designated Funds Unresliicled Funds 13 13 11 S,266 133,276 Total Charity FLsn(Is The accounts were approved by the Parochial Church Council on and signed on its behalf by". .E. Weston IPCC Jolnt Chalrl .J. Walsh IPCC Joint Chalrl .A. Mltchell ITreasurerl
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 1 Accountlng policies 1.1 Basls of preparatlon The accounts have been prepared in accordance with the Charity's Trust deed. the Charities Act 2011 and "Accounting anrl Reporting by Charities.. Slalemenl of Recommended Pr3clice applicable lo charities preparing their accounts in accordance with the Financial Reporting Slandarrl applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191" The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for chayilies applying FRS 102 Update Bulletin 1 not to prepare a Slalemenl of Cash Flows. The accounts have departed from the Charilieg (Accounts and Reports) Regulations 2008 only lo Ihe exlenl required lo provide a true and fair view. This departure has involved following the Slalement of Re¢ommended Practice for charities 8pplying FRS 102 issued in October 2019 rather than the A¢¢ounting and Reporting by Charities.. Slalemenl of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The accounts are prepared in sleding, which is the fundional currency of the charity. Monetary amDunls in these financial slalemènts are rounded to the nearest £. The financial slalemenls have been preparèd under the historical cost convenlion except fof the valuation of investment assets. which are shown al market value. The financial slalemenls in¢lude all Iranssclions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of chuTch gTOUPS that owe their main affiliation to another body, nor those that ar& informal gatherings of church members. 1.2 Golng concern Al the lime of approving the aecounts, the Trustees have a roasonable expectation that the Charity has adequate resources lo continue in operational &xislence for the foreseeable future. Thus the Trustees continue lo adopt the going concern basis of accounling in preparing the accounts. There are no material un¢ertainlies about the Charily's ability lo continue. 1.3 Funds Endowment funds are funds, the capital of which musl be Tnainlained., only inwme arising from investment of the endowment may be used either a5 reslri¢led Dr unreslri¢led lunds depending upon the PLtrpose for which th& endowment was established. The Investments are held by the Manchester Diocesan Board of Finance. Reslrlcled funds represent lal income fiom trust Dr endowments which may be expended only on those restricted objects provided in the Iemis of the trust or beque51, and Ibl donations or grants received lor a specific obje¢l or invited by the PCC for a specific object. The funds may only be Èxpended on the spealic object for which they were given. Any balance remaining unspent al the end of each year musl be carried forwarded as a balance on that fund. Unreslricled funds are general funds which can be used for PCC ordinary purposes. Designated funds comprise Of funds which have been sel aside al the diSCli0n of the PCC for spécific purposes. The purposes and uses of the designated funds are sel out in the note lo the accounts. 1.4 Incomlng resources These are included in the Statement of Financlal Activities ISOFAI when.. the PCC becomes legally enlilled lo the nefit of use of the r&soLJrces', an inflow of &CDnomic benefit is probable., and the monetary value Can be measured with sufficient reliabllily. 1.S Resources expended Liabilities are r@cognised as soon as an Dutftow of economic benefit is probable. Governance costs indude costs of the preparation and examination of 51alulory accounts, the ¢08ls of Trustees meetings 8r)d cost of any legal advica to trustees on governance or conslilutional matters. All the governance costs have been included in Church Activities as a whole ralher than be apportitsned. 1.6 Cash and ¢ash equSvalents Cssh and cash equivalents include cash in hand, deposits held al call with banks, other short-term liquid investments with original malurilies ol three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabilities. xi
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 1.7 Stock Stocks are slated al the lower tsf cost and estirnal&d selling price less costs to complete and sell. Cost comprises direct materials and, where applicable. direct labour cosis and those overheads that have be6n incurred in bringing the stocks lo Ih8ir present looalion and condition. Items held for distribution al no or nominal consideration are measured al cost. 1.8 Tanglbl8 fixed assets and depreciatlon Consecrated and benefice property is not included in the financial statements in accordance with s.10 of the Charities Ac12011. Movable church furnishings are held by the Vicar and Church Wardens on special trust Sc>rthe PCC and whlch require faculty for disposal are inalienable property. listed on the Church's inventory, which c8n bo inspecled by appointment with the Church Wardens. For anything acquiied prior lo 2DOO there is insufficient cost information available and therefore such 8ssels are not valued in the financial slalements. Subsequently no individual items have cost more than £1,000 so all such expenditure has been wrillen off when incurrèd, Equipment used within the church premises is depreciated on a reduung balance al 20% p,a. Individual items of equipment with a purchase price of £500 or less are wrillan off when the asset is acquired. Computer equipment is depreciated at 250/0 straight line. The equipment purGhased using restricted funds is depreciated at 20Q/o slraighl Ilne. Fixed asset investments are initially me8sured al transaction price exduding transaction costs. and are subsequently measuied al fair value at each reporting dale. Changes in fair value are recognized in net incotnellexpendilurel for the year. Transaction costs are expensed as incurred. 2 Incomlng r&$ources Unrestrlcted Deslgnated Funds Funds Restricted Fuiids Total 2022 Total 2021 21al Donatlons and legaci&s Planned Giving Gift Aid Tax Receivable Other Giwng Collections- open plate Gift Day Grants 21&) Donations, appeals etc Conlribulion for vicar's expenses from Sl Philips Maintenance Wall Sale Undaimed donations Oon&led Car park facilities 31,528 11,842 31,528 11,842 34.209 12,178 5,674 8,316 5,674 8,316 20,800 41.587 1,324 250 2000 1000 28,125 124,321 5,366 8,027 25,344 10,130 1,384 20,800 6,001 1,324 35,586 250 2000 iooo 96,196 1,000 Unre5trl¢ted Deslunated Funds Funds Restricted Funds Totsl 2022 Total 2021 2{bl Actlvities for Raising Funds Gar Park Income Social Committee Organ & Music Recitals Churth Usage 2021 Celebration merchandise Tuesday Group Tower Fund Sale of coal ol arms and camera 28,OgD 465 1,124 11,260 28,090 485 1,124 11,260 21,475 283 727 7,367 502 25 63 63 600 30.979 40,993 63 41,056 Unrestricted Designated Funds Funds Restricted Funds Total 2022 Total 2021 21cl Incomè Irom Investments Interest and Dividends including lax re¢ov&rable 2.243 2,243 42 42 2.285 2.285 2.082
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEIWBER 2022 Unrostrlcted Deslgnat8d RestrlGted Funds Funds Funds Total 2022 Total 2021 21dl Income from Church Activitles Book of Remembrance Fees paid lo PCC forweddings and Funerals Bell Ringers Sunday Morning Coffee Votive Candles Flowers Maga2ine 30 14,519 1,429 30 14,519 1,429 1,036 338 1,660 643 19,655 30 9,040 1,036 355 287 1,680 570 12,787 338 673 643 17,632 987 Unrestrlctad Designated Restricted Funds Funds Funds Total 2022 Total 2021 21el Grants recelved Markland Trust Markland Trust Choir & Organ Scho18rship Chadwick Educational Foundation Hulrne's BoltDn Lectureship Charity Estate Manchester Diocese 3,095 1,501 135 14,819 1,250 3.095 1,501 135 14,819 1,250 20,800 10.273 915 158 14,000 25,344 The gr8nis received from The Markland Trust werè for Door Painting {£1,558), Outside Displays1£5351, delibrillalor mainlenance1£2941, Director ol Musi¢ recrtJilmenl1£708} and Choir & Organ Scholarships1£1.5011. The grant from Hulme's Bolton Leclur&ship Charity Eslale was tOW8rds the new Lecturer's accommodation and expenses. INe also received a donation of £1,250 from the Manchester Diocese for energy costs support. 3 Transactions with members of the PCC and related partles The Trustees donated monies amounting lo £15,21 Cl during the yeai. Bolton Parish Church Repair Fund is Owed £40,195 by the PCC. The Trustees who sil on the PCC as well as this Charity are Rev Canon Dr C Bracegirdle (the Vicar), A J Mitchell, Canon J Vvalsh OBE and E F Weston. The PCC paid Bolton Parish Educational Foundation £3,000 foi use of the Hall and its facilities during the year. The amount charged is in line with whal would be charged lo an external Charily. The Bolton Parish Educ8lional Foundation donated use of one Gar parking space sl thè Church Hall lo the PCC for Rev Canon Dr C Bracegirdle's us& in his capacity as Vicar of Bolton Parish Church. The market cost of 8 car parking Space 15 £500 per year and has been recognised as income and expenditure in the Slalemenl of Financial Aclivilias. The Bolton Parish Edu¢alional Foundation also donated use of one car parking space al the Church Hall lo the Hulme's Bolton Lecturèship Charity Eslale who then donated it lo the PCC for the Leclurerfs use. The market cost of a car parking space is £500 for this year ancl has been recognised as income and expenditure in the Slalemenl ol Financial Activities. Th@ Trustees who sil on the PCC as well as this Charity are Rev Canon Dr C Bracegiidle, A J Mitchell, Canon J Walsh OBE and E F Weston. The Markland Trust gave grants tolalling £4.596 for the various items mentioned in note 2e. The Trustees who sll on the PCC as well as this Charity are Rev Canon Dr C Bracegirdle, A Forrester, G Whalley, A J Mitchell. E F Weston, D J Eckersley and Canon J Walsh OBE. The Hulme's Bolton Lectureship Charity pays the salary and lowaids the expenses of the Lecturer Rev l Hepbum while the PCC pay the balan¢e of his expenses. The Hulme's Bolton LÈelureship Charity Eslale Trustees agreed a grant of £14,819 towards the expens85 and living ac¢ommodalion of the Le¢liJrer. 4 Employetrs l Key personnel There were no employees during the year. 5 Trustees None of the Trustees {or any persons connected with thernl received any remuneration or benèfits from the Chaiily during the year.
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 6 Expendlture on charltable aetlvStles Unrestricted Funds Designated Funds Restricted Funds Total 2022 Total 2021 61al Church Actlvltles Charitable Giving 6lcl Secular HorNe Missions Ministry Parish Share Bellringers Fees Parish Church Hall Fees Choir Fees Director ol Musi¢ Relief Organists Donated Car Park Facilities Choir and Organ SGholarships ChurGh Running Expenses Electricity Gas Water Insurance Cleaning Wedding & Funeral Fees Lecturers Accommodation Allowance Leclureis Expenses Vicarage Expens Vicars Expenses Curate Expenses Verger Fees Licences Petty Cash & Sundries Postage, Stationery & Phcjlocopying Subscriptions Telephone upkep of Sprvices Church Mainlen8nce Repairs & Repla¢emenls Organ and Piano Mainlenance PPEICovid-19 safely equipment Depreciation Flowers Church M8gazines Tower Expenses Independent Examiners Fee 2021 Celebration Expenses Bank charges Advert¢sing 1,000 56,100 1,520 3,000 1,637 7,167 722 1,000 500 6,999 8,499 56.100 1,520 3,0OCI 1,637 7,167 722 1,000 1,501 2,547 55,ODO 550 3,000 1,270 6,686 430 1,000 915 1,501 2,929 9,388 672 7.564 2,080 5,578 2.929 10,638 672 7,564 2,080 5,578 12,638 2,163 2,041 2,003 1,395 1,020 479 225 3,056 12.131 613 7,272 3,040 4,1Q7 14,261 1,844 2,068 1,650 584 760 287 245 490 337 447 7,055 1,250 12.838 2,163 2,041 679 1,395 1,020 479 225 54 224 497 2756 1.324 224 497 3,291 535 7,133 1,090 289 q,558 8,691 1,090 583 1,676 3,625 19 14.823 1,452 294 1,612 1,048 2,794 2.275 2,577 2,400 2,400 1,200 2,902 526 189 124,014 526 897 156,144 157.091 708 31,630 500 Unrestilcted Funds Designatad Funds Restricted Funds Total 2022 Totsl 2021 6111) Fundraising Cost5 Car Park Rates & Expenses So¢ial Commlllee Organ Music R&¢i18ls 2C121 Celebration Merchandise Tuesday Group Church Usage & Filming costs 19,587 484 ,196 19,587 464 1,196 350 44 10.654 212 110 860 25 350 24,405 11,661 xiv
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 Unr8Stricted Funds Designated Fund8 Restrlctèd Funds Total 2022 Total 2021 6Icl Charltable Glving Backup North Wesl Ukraine Concert Bolton Hospice Bolton Mountain Rescue Bolton Parish Church School Children's Hospital Children's Society Christian Aid Flower Day- Lagan's Foundation Churches Together Derian House Embrace The Middle East Mayoral Sunday collection Help for Heroes Juvenile Oiabeles Kids Club Kampala Macmillan North Wesl Air Ambulance Archdeacon collection Parkinsons UK Teenage Cancer Trust The DeslilLJtion Pioje¢l Urban Outreach 50D 500 3000 227 222 135 262 1.296 3000 227 222 135 262 1,046 89 140 156 63 596 152 250 975 99 252 975 99 252 250 261 87 250 250 261 45 29 250 250 260 260 226 19 26LI 260 41 250 340 2.547 250 1,000 250 8,499 500 6,999 7 Flxèd Asset investments for use by Ihe PCC Nomlnal Value or No of Shares Cost Market Valuè 2022 Addition I Increase I (Dlsposall (Decrease) in Value Market Valije 2021 7.lal InvestmÈnts Unrestrlcted held by MDBF Consolidated Legacy Fund JPMF UK Strategic Income Fund 35146 units Charifund Chaiibond Narrow Range 35,146 1,715 5,850 3,546 5,345 7,170 47,939 25,202 6,336 79.477 4,099 11,4871 742 1.870 43,840 26,689 7,078 77,607 Unrestricted held by the PCC R C Windèr COIF Investment Fund 1,195.60 21,730 24,854 24,854 3,124 Restricted Endowment Funds IMDBFI Sl Peter Endowmant CBF Inv Fund 111 513 1,146 1,146 152 152 1,298 1,298 7.lhl Painting hèld as IrEvestments Thèse have been valued al a professional appraisal figur8 which has been used foi insurance purposes Total Investments 35,QOO 137,353 35,000 138,759 1,406 7.lcl Unr&allsed galnslllossesl in Investments and flxed assets This relates lo the revaluation of investments held by or on behalf of the PCC, on an annual basis and is represented by the diffèrence between the opening and closing market values. 2022 2021 Unrealised gainslllossesl in unreslricled investments IMDBFI Unrealised gainslllossesl in unreslricled investments (Generall Unrealised gainlllossesl in restricted investments Total unrealised gains In the year 1,870 13,1241 152 1,406 4,931 3,320 163 8,414 xw
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 8 Tangible fixed assets Furniture & fittings Unrestrlcted Fund Restrlcted Fund Furniture & Total Cost or Valuatlon Al 1 January 2022 Additions Al 31 December 2022 37,816 23,020 60.836 37,816 23,020 60,838 Depreciatlon Al 1 January 2022 Charge for the yeaT Al 31 December2022 37,387 64 37.451 12,272 1,612 13,884 49,659 1,676 Net Book Valuo Al 31 December 2022 Al 1 January 2022 365 429 9,136 10,748 9,501 11,177 9 Stock 2022 2021 2021 Celebration Merchandise {Designaledl Upkeep of Servi¢es Iunreslricledl 543 893 10 Debtors 2022 2021 Income Tax re.. Gift Aid Iunreslricledl Markland Trust {Unreslri¢tedl Val redaim under Listed Places of INorship grant Iunreslricledl Church Usage Iunreslricledl University of Bolton (Designaledl Chadwick Educational Foundation IReslri¢ledl Hulme's Bolton Lectureship Charity Eslate (Reslricledl Markl8nd Trust IReslricled} Bolton Melropolilan Borough Council (Reslrictedl 1,051 18,698 918 250 4,406 20,786 2,180 1.819 691 691 120 28,339 23,227 11 Cash at bank and in Hand 2022 2021 Endowment Restricted Designated Unrestricted 4,598 277 6,702 11.577 9,069 11.422} 5.273 12 cdItOrS, accruals and deferrod income 2022 2021 Amounts lallffng due Ind# one year Ulililies accrued Independent Examine¥ Church Repair Fund Loan Wedding deposit 1ncome Tax re dupli¢8led gift aid receipt from HMRC Hulme's Bolton Lectureship Chaiily Eslale IReslrictedl 2,184 2,400 40,195 300 3,847 2.067 1.200 40,195 3.019 3,847 3,300 53,628 48,926 xvi
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 13 Funds Endowment Funds These are tru81 fund investments held for the PCC by the Manchester Diocesan Board of Finance. Reslrlcted Funds Tow@r Fund To raise funds for the maintenance of items relating lo thè Tower Flower Fund To raise funds for church flowers Sund8y Morning Coffeè Each Sunday funds are collecleof for Splf1¢ charities Friends of Bolton P31ish Church To raise funds lor the renewal of sacred books and church artefacts Grants & other donations Grants and donations for certain specific purposes Designated Funds 2C)21 Celebralic>n Tuesday Group To raise funds for the 1 SO" anniversary ¢elebr81ion of when the Ghur¢h was built To raise funds for various charities and for the Church Balance at1 January 2022 Movement In funds Balance at 31 Revaluation Dècember 2022 Funds Income Expenditure Transfer between funds Endowment Fund Resliicled - TDwer Fund Reslricled- Flower Fund Restricted- Sunday Morning Coff&e Reslricled- Friends of Bolton Parlsh Church Reslricled - Choir & Organ Scholarship Reslricled - Grants & othèr don81ions Designated Fund- 2021 celebration Designated Fund- Tuesday Group Unreslricled Fund Total Funds 1.298 613 172 11521 1,146 613 111 73 987 1,036 (1,0481 1963} 5,537 62 5,599 87 9,561 543 277 115,266 133,276 87 1,501 1 q,075 26,604 893 758 63 107,481 157,064 127,914 187,317 11.5011 128,1181 13501 15441 1148,0251 180,5491 11,2541 11.4061 14 Analysls of nèt assèts heeen funds Fund balances al 31 December 2022 are represented by.. Unrestricted Designated Fullds Funds Restrlcted Endowmènt Funds Funds Total Tangible fixed assets Investments Current assets Greditors.. amounts falling due within one year 365 136,208 27,619 148,9261 1 15.266 9,136 9,501 137.3S4 35,347 148,9261 133,276 1,146 820 e,908 820 16.044 1.146 Unrealised gains included above". On investments 120,146 120,146 889 889 121,035 121,035 Reconciliation of movements in unre81ised gains". Unrealised gains al 1 January 2Q22 Net gains on revaluations in yea Unrealised gains al 31 December 2022 121,400 11.2541 120,146 1,041 11521 889 122,441 11,4061 121,035 xvii
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 15 Comparatlves for 2021 Statèment of Flnancial Actlvltles Unrestricted Funds Dèsignaled Funds Restrlcted Endowmenl Funds Funds Total 2021 Notes Income and ondowments from.. Donations and legacios 21al 66,789 2,842 28,022 97.653 Church activities 21dl 11,557 1,230 12,787 Activities for generating funds 21bl 30,452 527 30,979 Income from investments 21cl 2,081 2,082 Total Income 110,879 3,369 29,253 143,501 Expenditure on.. Raising funds 61bl 9,502 885 1.474 11,B61 Church artivities 61al 126.180 1,761 29,150 157,091 Total expendlturè Net income l {expendlturel before Investment galnslllossesl 135,682 2,646 30,624 168,952 723 124,8031 11.3711 {25,451) Gains I110sses} on investment assets On revaluation 71cl 8,251 163 8,414 Net Income I lexpendlturel 116,5521 723 11,3711 163 117,0371 Transfers beeen funds Net movement in funds 116,5521 723 11,3711 163 117,0371 Fund balances al 1 January 2021 124,033 928 18,855 1,135 144.951 Fund balances at 31 December 2021 107.481 1,651 17,484 1,298 127,914 Unrestricted Funds Designated Funds Restrlcted Fvnds Total 2021 21al Donatlons and legacles Planned Giving Gift Aid Tax ReGeivable Other Giving Collections- open plate Gift Day Grants 2{e) Donations. appeals elc Contribution lor vicar's expensès from Sl Philips Mainleiian¢e Wall Safe Donated Car park facilities 34,209 12,178 34,209 12,178 5.366 B.027 5,366 8,027 25,344 10,130 1,384 15 1,000 97,653 662 2,180 24,682 1,956 1,384 5.994 1,000 66,789 2,842 28,022
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 15 Comparatives for 2021 contlnued Unrestricted Funds Designated Funds Restricted Funds Total 2021 21bl Actlvlties for Ralslng Funds Car Park IncDme Social Committee Organ & Music Recitals Church Usagè 2021 Celebration merchandise Tuesday Group Tower Fund Sale of coat of arms and camera 21,475 283 727 7,367 21,475 283 727 7,367 502 25 502 25 600 30,452 600 30,979 527 Unrestricted Funds Deslgnated Funds Restrlcted Funds Total 2021 21cl Income from Investments Interest and Diwdends including lax recoverable 2,081 2,081 2,082 2,082 Unrostrlcted Funds Designated Funds Restricted Funds Total 2021 2Idl Income from Church Activitles Book of Remembrance Fees paid lo PCC for Weddings and Funerals Bell Ringers Sunday Morning Coffee Votive Candles Flowèrs Magazine 30 9,04Q 845 30 9,040 845 355 267 1,680 570 12.787 355 267 805 570 11,557 875 1,230 Unrestrlcted Funds Deslgnated Funds Rèstricted Funds Total 2021 21el Grants received Markland Trust Markland Trust Choii & Organ Scholarship Chad¥Mck Educationa1 Foundation Hulme's Bolton Lectureship Charity Estste 662 9,611 915 156 14,000 24,682 10,273 915 156 14,000 25,344 662 xix
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 15 CoTnparative$ for 2021 continued Unrestricted Funds Designated Funds Restrlcted Funds Total 2021 slal Church Activitles Charitable Giving 6lcl Seculai Home Missions Ministry Parish Share Bellringers Fees Parish Church Hall Fees Choir Fees Director ol Music Relief Organists Donated Car Park F8¢ililies Choir and Organ SGholarships Chuich Runnirsg Expenses Eleclri¢ily Gas Watèr Insurance Cleaning Wedding & Funeral Feas Lecturers Ac¢ommodalion Atlowance Lecturers Expenses Vicarage Expenses Vicars Expenses Gurale Expenses Vorger Fees Licences Pelly Cash & Sundries Postage, Stationery & Photocopying Subscriptions Telephone Upkeep of Services Church Maintenance Repairs & Rep1a¢emenls Organ and Piano Maintenance PPEICovid-19 safely eqtjipment Depreciation Floweis Church Magazines Tower Expenses Independent Examiners Fee 2021 Celebration Expenses Bank charges Lecturer's leaving gift 1,090 55.000 550 3,QC>O 1,270 6,686 430 1.000 1457 2,547 55,000 550 3.000 1,270 6,686 430 1,000 915 915 3,056 12,131 613 7,272 3.040 4.107 261 1,844 2,068 266 584 760 287 245 490 337 447 5,855 3,056 12,131 613 7,272 3.040 4,107 14,261 1,844 2,068 1.65LI 584 760 287 245 490 337 447 7,055 14.000 1,384 1,200 8,055 1,452 6,768 14,823 1,452 107 1,536 2,687 739 2,794 2,275 1,200 1,141 1,200 2,902 1.761 126,180 1,761 29,150 157,091 Unre5trl¢ted Funds Deslgnated Funds Rgstricted Funds Total 2021 6{bl Fundralsing Costs Car Park Rates & Expenses Soci81 Committee Organ Music Recitals 2D21 Celebration Mèrchandise Tuesday Group 9,180 212 110 1,474 10.854 212 110 860 25 11,861 860 25 885 9.502 1,474 xx
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 15 Comparatlves for 2021 continued Unrestrlcted Funds Designated Funds Restricted Funds Total 2021 61cl Charltable Glving 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 Middlè East Help for Heroes GMIM Xmas Bus Incentive Juvenile Diabetes Macmillan North Wesl Air Ambulance Ordination collection Parkin50ns UK Teenage Cancer TrL¢sI Toilet Twinning The Deslilulion Project Urban Outreach 89 14Q 156 63 346 152 89 140 156 63 596 152 250 87 87 250 45 250 45 29 226 226 64 41 64 41 250 340 1,090 250 340 2,547 1,457 Analysis of net assets between funds Fund balances al 31 December 2021 are rèpresented by.. Unre5triGted Designated Funds Funds Restricted Endowment Funds Funds Total Tangiblo fixed assets Investrnents Current assèts Creditors.. amounts falling due within one yèar 429 137.461 19,919 150,328) 107,481 10.748 11.177 138,759 31,606 153,6281 127,914 1,298 1,651 10,036 13.3001 17,484 1,651 1,298 Unrealised gains included abDve'. On investments 121,400 121,400 1,041 1,041 122,441 122,441 ReGon¢ilialion ol movements in L¢nrèallsed gains Unrealised gains al 1 JanLsary 2021 Nel gains on revaluations in year Unreallsed gains al 31 December 2021 113,149 8,251 121,400 878 163 1,041 114,D27 8,414 122,441 xxi
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 15 Comparatives for 2021 conlinued Funds Endowment Funds These are trust fund investments held for the PCC by the Manchester Diocesan Board of Finance. Restricttrd Funds Tower Fund To Taise funds for the maintenance of items relating to the Tower Flower FLtnd To raise funds for church flowers Sunday Morning Coffee Each Sunday funds are colle¢led for specific ¢hariliès Friends of Bolton Parish Church To raise funds for the renewal of sacred books chrCh artefacls Grants & olher donation5 Grants and donations for certain specific purposes Designated Funds 2021 Celebration Tuesday Group To raise funds for the 2021 celebration of when the Church was built Tc> raise funds for various chartties and for the Church Balance at1 January 2021 Movement in funds 8alanc& at 31 Revaluation December 2021 Funds Income Expenditure Transfer between funds Endowment Fund Réstricted - Tower Fund Reslricled ~ Flower FLJnd Restricted - Sunday MDrning Coffee Restricted - Friends of Bolton Pa¥ish ChLJrch Restricted - Choir & Organ Scholarship Reslricled - Grants & other donations Designated Fund- 2021 Celebration Designated Fund- Tuesday Group Unrestricted Fund Total Funds 1,135 613 36 222 163 1,298 613 172 875 355 739 577 5,517 20 5,537 87 915 915 87 12,380 27,088 170 3,344 758 25 124,033 110.879 144,951 143,501 28,393 2,621 25 135,682 168,952 11,075 893 758 107,481 127,914 8,251 8.414 The Tuesday Group was originally included in Unreslricled 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 expendilure of the group