Charlty Reglstratlon No. 113536S BOLTON PARISH CHURCH PARISH CHURCH OF ST PETER BOLTON-LE-MOORS TRUSTEES REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr l Darbyshire Mrs L Easterman Mr D J Eckersley Mrs H Haywood Rev l Hepburn Mrs S Hobson Mr A J Mitchell Mr S Maguire Mr D F Mortidge MBE Mrs A Morris Rev Canon Professor K Newport Mrs R M Newport Canon J Walsh OBE Mr M Wells MISS E F Weston Mr G Whalley Mr T J Whillas Joint Chalr Canon J Walsh OBE Joint Chair Miss E F Weston Treasurer Mr A J Mitchell Secretary Mr l Darbyshire Charity number 1135365 Prlncipal address Sl Peter's Parlsh Church Silverwell Street Bolton BL1 1PS Indepondent examiner MrAndrew Simm FCA Smith & Goulding Limited Hamill House 112-116 Chorley New Road Bolton BL14DH Bankers Royal Bank of Scotland plc 46-48 Deansgale Bolton BL1 1BH
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS CONTENTS Page Trustees Report Indepènd8nl Examinerfs RepDrt Slalement of Financial Acliviliés Balance Shèel Notes TD The Accounts
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their report and accounts lor the year ended 31 December 2023. The accounts have been prepared in accordanGe with the accounting policies sel out in nDte 1 to tre financial slalemenls and comply with the Charity's Trust deed, the Ch2rit16s Act 2011 and 'Aceounling and Reporting by Ch8rilies.' Slalemenl of Recommended Practice applicable lo Charities preparing their account6 in a¢cordan¢e with the Financial Reporting Standard applicable in the UK and Republic of IFeland IFRS 1021 leffeclive 1 January 20191" Aim and Purposes Sl Peter Bollon-Le-Moors Parochial Church Council IPCCI has the responslbilily of cooperating w(Ih the incumbent, in promoting in the eccle5iaslical parish, the whole mission of the Church, pastoral, evangelical, social and eGumenical, The PCC is also specifically rtsponsible for the m8intenance of the Church of Sl Peter, SilvenNell Street, Bolton. Objectlves and Activlties The PCC is committed lo enabling Anglican Witness in the Heart of Bolton. Bolton Parish Church is the civic chur¢h of Bolton rootèd in the Anglican choral tradition and is known Ihroughoul the town as 'The Parish Church,. We 58ek lo build on our location and tradition by our worship, music, preaching and leaching, in our pastoral care and in our stewardship of our fine chLtr¢h building. Through close partnership with our three foundation schools, we aim lo contribute lo the ex¢ellenl education and spirilual development of children and young people in Bolton. Public beneflt statement When planning our 8clivilies for the y&ar, wè have consided the Commission's guidance on public benefit and the supplementary guidance on charities for the advancement of religion. In particular, we lry lo enable ordinary people lo live out their faith as part Df our paiish community through.. Worship and prayer", Learning about the Gospel., Doveloping their knowl@dge and IIu51 in Jesus. Provision of pastoral care for people living in lh8 wider parish. Missionary 8nd outreach work. To lacililale this work, il is important that we maintain the fabric of the Church of Sl. Peter. Achievements and Performance Worship and Prayer During 2023 services were held regu18rly at 8.00 a.m., f1.00 a.m., and 6.30 p.m. on Sundays and around midday on Several days of Ihe week and with Covid-19 r&slricllons being removed, communion is taken in both kinds. We have celèbrated 12 baptisms, 3 weddings and held 4 funerals in our church this year {a further 3 lune¥als were held al the crematorium). Deanery Synod Nine members of the PCC sil on thè Deanery Synod. This provides the PCC with an important link belween the parish and the wider slruGluies of the church. This year the PCC has also focused ils attention on the questions posed lo parishes in the Oeanery about Ihe most effective deployment of slipendiary and non-slipendiary clergy and Mission Communities. rhe Church Building and Grounds During 2023 the kitchen was relocated with a new servery, the toilets were refurbishèd and th6 front gales painted, all funded with assis18n¢e from the Markland Trust. The roof, church alarms, pathway lights, boil6r and gutters were maintained. Mi551on and Evangelism Helping those in need is 8 demonstration of our faith. Through our fundraising efforts £2,690 was given lo local and national charitie5 during 2023. Our parish magazine is distributed on a mor*lhly basis. The magazine keeps our parishioners informed of the irnportanl matleis 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 2023 Pastoral Care The Clergy and olhers visit mtsmbers of our Parish in home or hospital. Some members of our parish are unable lo allend church due to sicknes5 and age. The ¢lergy and members of the Pastoral Care Team ensured that contact was made by regular phone 115 and newslelle¥s. Ecumenical Relatlonships The church is a member of Churches Together in Bolton. Mission initiatives in the Towts Centre such as Passion for Bolton are carried out on an ecumenical ba51S. Financlal Review Bolton Parish Church relies on a mixture of regular congiegalional giving Coupled with addilitsnal income from a¢tivilies both inside the Church and th@ use of the grounds lo rent ¢8r parking spaces to local businesses. Regular Congregational giving increased in 2023 10 £33,395 12022'.£31,8981, The Annual Gift Day raised £8.931 12022..£7,9451. No legacies were received12D22..£29,3621. With fewer people working from home, Car park income iRc¥eased lo £32,345 {2022'.£28,0901 Income from the use ol the Church building for filmiiig and concerts reduced lo £7.782 from £11,380 in 2022 due lo less filming and Civic events. Wedding & Funeral income In 2023 al £4,638 wa5 signilicanlly less than in 2022 (£14,519). Total receipts on unreslricled funds were £118,884 12022=£157,0641 of which £52,217 was unrestricted voluntary donations, and a further £15,966 was from Gift Aid. The planned giving through envelopes and banker's (xdèrs increased from £31,528 in 2022 10 £33,395 in 2023. £129,69Q12022..£124,0141 was spent from the unrestcled lunds lo piovide the Ghrislian ministry frorn Sl. Peter's Church including the Contribution to the dioGosan parish share of £61,80012022".£56,1001 which largely provide5 the stipends and housing for the clergy. The sum that the churches in the Deanery have lo lind is shared between the churches on a negoliatedlagreed basis and is forward sel for a Ihree-year period. For 2023 the assessment was based on the previous 3 years allendance and income cenSLlS with a promise of a review during 2023 to agree a selllemenl figure for years 2023-2025. Unfortunately, due lo personnel problems al the Diocese, discussions with the Manchester Diocese for the selling of a Parish Share for years 2023-2025 did not lake place in 2023 and have been ptjl back lo 2024.we paid the full requested amount for 2023 but are hoping lo gel this re-assessed In 2024. For the 3 years up lo October 2023 we have been on a favour8ble gas ¢onlract. Our new contract reflects the changos in the energy market and we are paying significantly more- old £0.033p per klwh new £0.07p per klwh. January lo September 2023 was al the old rale and October lo December 2023 al the new rate. Ga8 costs Incieased from £10.638 in 2022 10 £14.283 in 2023. The net result fo¥ the year was a delicil of receipts over payments of £25.99912022'.£9,039 surplus) on unTeslricled funds. The annual revaluation ol investment 8ssels showed an increase of £3,926 on the values at the end of 2023. There was an increase in bank and deposit balances dtjring the year of £11,006. The reslricled funds include the expenditurè relating lo the painting of the gales, roof repairs, music, ChDir & Organ scholarships which have been recovered through grar*ls from The Markl8nd Trust. A grant from Hulme's Bolton Lectureship Charity Estate was received towards the Lecturer's housing and expenses. Also included in reslricled funds are thè Friends ol Bolton Paiish Church, the Tower and Flower funds, Sunday Morning Coflee funds and the Choir & Organ Scholarship. The designated unreslricled funds a the newly formed Tuesday Group and monies raised for the 2021 celebration 01150 years in the rebuilt and re-consecraled church. Reserves Pollcy The PCC consider that they should hold six month's average exp&ndilure in bank accounts and easily realisable investments which has been achieved throughout the year. The PCC ale in the fortunate pos11ion 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 specilic investments for this purpose_ Funds are held in ethiGal Inveslmenls. Volunteers We would like lo thank all the volunlesrs who work so hard to make our church the lively and vibrant community that il is. In particular we want to Mention our chur¢hwardens Canon Walsh & Miss Weston. the director of music Philip
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 O'connor, the choir, bell ringers, flower arrangers, social committee. pastora5 ¢Dmmillee, lea 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, governanc8 and managemont The method of appointment of PCC members is sel out in the Church Representallon Rules. The PCC is a registered with the Charity Commission (Charity Number 11353651. The PCC has related Charities and Trust Funds which have been founded over the years lo assist an(J provide financial help lo the Church when it is de8med lo be needd by the Trustees of the various charities and Irusts. These include The Markland Trust, Th? James Ormrod TrLtsl, Bolton Relief In Need Charity and Hulme's Bolton Lectureship Charity Eslale. Al Sl. 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 rllembers of the congreg81ion who are on the electoral roll of the church. All Ih05e who allend our servtces I members of the congregation ale encouraged lo register on the Ele¢loral Roll and stand lor election lo the PCC. The PCC members are responsible lor making decislons on all mallers of general concern and importance lo the parish including how the funds of the PCC are spent. New memb8rs receive initial training into the workings of Ihe PCC. The full PCC mel five limes, e%lher in persc>n or remotely, during the year. Given ils wide responsibllilies the PCC has number of commillees. each dealing with a particular aspect of parish life. These ¢omniillees which include pastoral, swial, fabric and fi'nknce, are all responsible lo the PCC and report back to il regularly with minutes ol their decisions being received by the full PCC and discussed if necessary. Admlni5trative Informatlon Sl. Peter Bolton- Le-moors is situated off Silverwell Street, Bolton. It is part of the DI0$e of Manchester wthin Ihe Church of England. The correspondence address is Sl Peterfs Parish Hall, Silverwell Street, Bolton BL1 1 PS. The PCC is a body corporate IPCC Powers Measure 1956, Church Representation Rules 20061 and a charity registered wllh the Charity Commiss10n. PCC members who have served during the year ar2.. Ex Officio Members In¢umbent.. The Reverend Canon Dr Chris Bracpgirdle {relired 301h Apr4120231 Clergy.. The Reverend Simon Gook Clergy.. The Reverend Canon Professor Kenneth Newport Clergy.. The Reverend Grace Gazg Clergy.. The Reverend lan Hepburn Churchwarden & Deanery Synod., Canon John Walsh OBE Chvr¢hwarden & Deanery Synod.. Miss Evelyn Weston Deanery Synod.. Mrs Lesley Easlerman Deanery Synod.. Mr lan Darbyshira EleGled.' Mr David Eckersley El&¢ted.' Mr5 Helen Haywood Elected.. Mrs Sarah Hobson Elected.. Mr Simon Maguire (appointed May 20231 Elected. Mr Andiew Mitchell Elected.. Mr David Morlidge MBE Ele¢lÈd.' Mrs Airnee Morris Elected.. Mrs Rose-marie Newport Elected.. Ms Ann Warburton Iresigned May 20231 Ele¢led'. Mr Matthew Wells lappoinled May 2023) Elected.. Mr Geoffrey Whalley Elected.. Mr Trevor Whillas The Reverend Canon Dr Chris Bracegirdle retired April 2023. The position of Vicar of Bolton is cuirenlly inlerffgnum. statement of Trustees responsibllltl&s The Trustees are responsible lor preparing the Trustees, Report and the linan¢ial slalemenls in accordance with applicable law and United Kingdom A¢counting Standards including Financlal Reporting Standard 102.. The Financial Reporting Slandard applicable in the UK and Republic of Ir&land (United Kingdom Generally Acceplecf Accounting Praclicel. vi
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The law applicable lo charities in England & Wales requires the Trustees lo prepare financial slalemenls for each financial year which give a true and lair view ol the slate of affairs of the Charity and of the income and expenditure of the Gharily for that period. In preparing these financial slalemenls, the Trustee5 are required to.. select suilable accounting policies and then apply them consislenlly.. observe the methods and principles in the Charities SORP., make judgments and accounting &slimales that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject lo any material departures disclosed and explained in the financial slalemenls, and prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the Charity will continue in business. The Trustees are responsible for maintaining proper a¢¢ounling records which disclose with reasonable accuracy al any lime the financial position of the Charity and enable them lo ensure that the financial slalements comply with Ihg Chaiilies A¢1 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deedlconstilulion. They are also responsible for safeguarding the assets of the Gharity and hence for taking reasonable steps for the prevenliDn and detection ol fraud and other irregularities. Approved by the PCC on...... and signed on their behalf by .E. Weston IPCC Joint Chairl -J. Walsh IPCC 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 report lo the Trustees on my examination of the accounts of The Paiish Church ol Sl Peter Bolton-Le-Moors Ilhe Charilyl for the year ended 31 December 2023. which are set out on pages Ex lo xxii. Responsibllltles and basis of report As the Trustees of the Charity you are responSbIe for the pr¶liDn of the accounts in accordance with the requirements of the Charllles Act 2011{'Ihe Act'l. I report in respect of my examination of the Trustee's 8¢counls carried out under section 145 of th6 2Q11 Act and in carrying out my examination I have followed all th& applicable DireGlions given by the Charity Commission under soclion 14515llbl of the 2011 Acl. Independent examIneS statement I have completed my examination, I confirm that no material mall@rs have Come lo my allenlion in connection with the examln81ion giving me cause lo believe that in any material re$ped'. 111 accounting records were nol kept in r&specl of the Charity gs required by section 130 of the Act". or {21 the accounts do not accord with those records.. or 131 the accounts do not ¢omply with tha applicable requirements concernlng the form and content of accounts sel out in the Charities IAc¢ounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come aGross no other mallers in connection with the examinslion lo which allenlion should be drawn in this report in order lo enable a proper undersianding of the accounts lo be reached. Signed.. Mr 14ndrew Slmm FCA Dale....... Smith & Goulding Limited, Chartered Aecounlanls Hamill House 112-116 Chorley New Road, Bolton, BL1 4DH
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Designated RestrlGted Endowment Funds Fund5 Funds Funds Total 2023 Total 2022 Notes Income and endowments from: Donations and legactes 21al 68,183 25,394 93,577 124,321 Church aclivib'es 21dl 5,231 7,894 7.125 19,655 Activities for generating funds 21bl 43,050 47 43,097 41,056 lacome from investments 21cl 2,420 192 2,612 2,285 Total Income 118,884 47 27,480 146,411 187,317 Expenditure on: Raising funds 6{bl 15.193 471 15,664 24,405 Church activities 61al 129,690 28.691 158,381 156.144 Total expendlture Nat income I lexpendlturèl before investmènt galn51llossesl Galns I Ilossesl on investment assets 144,883 471 28,691 174,045 180,549 125,9991 4241 11.2111 127,6341 6,768 On revaluation I disposal 71c} 3,817 109 3.926 11.4061 Net Income l {6xpenditurel Transfers between funds 122,1821 14241 1.2111 109 {23,7081 5,362 Net movement in fundts 122,1821 14241 {1,2111 109 123,7081 5,362 Fund balances al 1 January 2023 115,266 820 16,044 1,146 133,276 127,914 Fund balances at 31 December 2023 93,084 396 14.833 1.255 109,56B 133,276 The breakdown of the 2022 figures belwaen the unrestrided. éesignaled. r@stricled and endowment funds are in nole 15 on pages xviiii -xxii.
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS BALANCE SHEET AS A T31 DECEMBER 2023 Notss 2023 2022 Flxed Assets Tangible fixed assets Investments 8,076 125,991 134,067 9,501 71albl 137,354 Total Flxed Assets 146,855 Current Assets Slo¢ks 155 543 Debtors io 2,683 22,583 23.227 11.577 Cash al Bank and in Hand 11 25,421 35,347 CurrBnt Liabllltles Creditors 49.920 48,926 Net Current Asset5 124,4991 109,568 113,5791 133,276 Total Net Assets The Funds of the Charlty Endowment Funds 1,256 14.833 396 1.146 16,044 820 Reslricled Funds Designated Funds Unreslricled Funds 93,084 109,568 115,266 133,276 Total Charlty Funds The accounts were approved by the Parochial Church Council on . and signed on ils behalf by.. .E. Weston IPCC Joint Chalrl .J. Walsh IPCC Jolnt Chairl -Z...A. Mltchell (Treasurer)
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 1 Accountlng pollcles 1.1 Basls of preparation The accounts have been prepared in accordance with the Charlly's Trust deed, the Charities Act 2011 and "Accounting and Reporting by Charities.. Slalemenl of Recommended Pracli¢e applicable lo charities preparing their accounts in accordance with the Financial Repc>rting Standard applicable in the UK and Republic ol Ireland IFRS 1021 leffeclive 1 January 20191 The Charity a Public Beneftl Enlily 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 lo prepare a Stalemonl of Cash Flows. The accounts have departed from the Charities (Accounts Reportsl Regulations 2008 only lo the exlenl required lo provide a true and fsir view. This departure has involved following the Slalement of Remmended Practice for charities applying FRS 102 issued in OGlober 201 g rather than the A¢¢ounting and Reporting by Charities- Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Thè ac¢ounts are prepared in slerling, which is the functional currency of the charity. Monetary amounts in these financial slalemenls are rounded lo the nearest £. The Iinan¢ial statements have been prepsred under the historical cost convention except for the valuation of investment assets, which are shown al maikel value_ The financial slalemenls inclyde all Iransaclions, assèts and liabilities for which the PCC is responsible in law. They do not include the acwunls of church groups that owe their main affilislion lo another body, nor those that are informal gatherings of church members. 1.2 Going concern At the lime of approvin9 the accounts, the Trustees hav8 a reasonable &xpeclalion that the Challty has adequate resources lo continue in operational existence for the foreseeable future. Thus, the Trustees continue lo adopt the going concern basis of accounting in preparing the sccounls. There are no material un¢ertainlies about the Charity's ability lo continue, 1.3 Funds Endowment funds are funds. the capi181 of which musl be mainlained., only income srising from investment of the endowment may be used either a5 restricted or unrèstricted funds depending upon the purpose for which the endowment was established. Thè investments are held by the Manchester Diocesan Board ol Finance. Reslri¢led funds represanl lal income from trust or endowmènts which may be expenrled only on those restricted objects provided iri the terms of the trust or bequest. and Ibl donations or grants received for a specific object or invited by the PCG for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent al the end of each year musl b& carried forwarded as a balance on that fund. Unrestricted funds are genaral funds which can be used foT PGC ordinary purposes. Designated funds comprise ol funds which have been sel aside al the dis¢relion of the PCC for specilic purposes. The purposes and uses of the designated funds are sel out in the note lo the accounts. 1.4 Incoming resources These are included in the Slatemenl of Financial Activities ISOFAI whtsn.. the PCC becomes legally enlilled lo the benefit of use of the rèsources., an inflow of economi¢ benefit is probable., and the monetary valué can be measured with sufficlenl ieliability. 1.5 Resources expended Liabilities are recognised as soon as an oulllow of economic benefit Is probable. Governance costs include costs ol the prtsparalion and exatnination of slatulory accounts, the costs of Trustees meetings and cost of any 5egal advice lo Iruslees on governan or conslilutional mallers. All the governance ¢oslB have been included in ChurGh A¢livilies as a whole rather than be apportioned. 1.6 Cash and cash equivalents Cash and cash equivalents inGlude cash in hand, deposits held al call with banks, other short-term liquid investments with original rllaturilies of threé months or less, and bank Dverdrafts. 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 2023 1.7 stock Stocks are slated al the lower ol ¢osl and eslimaled selling price less costs lo complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads Ihal have been incurred in bringing the stocks lo their present loealion and condition. Items held for distribution al no OT nominal consideration are measured al cost. 1.8 Tanglble fixed assets and depreclatlon Consecrated and benefice property is not included in the financlal slalemenls in accordance with s.1 J of the Charities Ac12011. Movable church furnishings are hald by the Vicar and Church Wardens on special Irustfor the PCC and which requlre a faculty for disposal are inalienable property, listed on the Church'5 inventory, which can be inspected by appoinlm$nl wilh the Church Wardens. For anything acquired prior lo 2000 there is insufficient cost information available and therefore such assets are not valued in the finanGial slalemenls. Subsequently no individual items have cost more than £1,000 so all such expenditure has been wrillen off when incuired, Equipment used within the church premises is cleprecialed on a reducing balance al 20'k p.a. Individual items ol equipment with a purchase Price of £500 or less are wrillen off when the asset is acquired. Computer equipment is depreciated al 250/0 slraighl line. The equipment purchased using restricted funds is d&preciated at 200h slraighl line. Fixed asset investments are initially measured al transaction price excludlng Iransacts'on costs, and are subsequently measured al fair value al each reporting dale Changes in fair value are Tecognized in nel incomellexpendilurel for the year. Transaction Costs are expensed as inrred. 2 Incomlng resourcès Unrestrlctad Deslgnated Funds Funds Restricted Funds Total 2023 Total 2022 21al Donatlons and legacies Planned Giving Gift Aid Tax Receivablè Other Giving Collections- open plate Gill Day Grants 2lel Donations, app8als etc Contribution for vicar's expenses from St Philips Maintenance Wall Safe Unclaimed donations Donated Car park facilities 33,395 15,966 33,395 15,966 31,528 11,842 5,392 8,931 5,392 5,674 8,931 8,316 23,727 20,800 2.526 41,587 1,324 1,324 66 250 1,250 2000 1,000 1000 93,577 123,321 23,727 343 1,324 2,183 66 1,250 88,183 25,394 Unrestrlctsd Designated Funds Funds Restrlcted Funds Totsl 2023 Total 2022 21bl Activltles for Raislng Funds Car Park Income Social Ci)mmillae Organ & Musi¢ Recitals Church Usage 2021 Celebration merchandise Tuesday Group Tower Fund 32,345 300 2,321 7,782 302 32.345 300 2,321 7,782 302 47 28,090 465 1,124 11,280 47 63 43,050 47 43.097 41 056 Unrestricted Deslgnated Funds Funds Restrictsd Funds Total 2023 Total 2022 21cl Income from Investments Interest and Dividends including tax recoverable 2,420 2,420 192 192 2,612 2,285 2.285
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlcted Deslgnat&d RestrlGted Funds Funds Funds Total 2023 Totsl 2022 21dl Income from Church Activities Book of Remembrance Fees paid lo PCC for Weddings and Funerals Bell Ringers Sunday Morning Coffee Votive Candles Flowers Magazine 30 14,519 1,429 1,036 338 1,660 643 19,655 4,638 70 4,638 70 1,099 130 985 203 7,125 1,099 130 190 203 5,231 795 1,894 Unrestrl¢t8d Deslgnated Restricted Funds Funds Funds Total 2023 Total 2022 21el Grants recèived Markland Trust Markland Trust Choi¥ & Organ Scholarship Chadwick Educational Foundation Hulme's Bolton Lecturtsship Charity Estate Manchester Diocese 5,340 3,250 165 14.642 330 23.727 5,340 3,250 165 14,642 330 23,727 3,095 1,501 135 14,819 1,250 20.800 The grants recerved from The Markland Trust wer# for gale painting 1£1,6201, roof repairs (£7201, towards musi 1£3,0001 and Choir & Organ Scholarships1£3,2501. Tho grant from Hulmè's Bolton LecluTeship Charity Eslale was towards the new Lecturer's accommodation and expenses. We also received a grant 01 £330 from the Manchester Dioces8 for energy cost sUPPOrt. 3 Transactions with members of the PCC and related partiOS The Trustees donated monles amounting lo £19.658 during the year. Bolton Parish Church Repair Fund is owed £40,195 by the PCC. The Trustees who sil on the PCC as well as this Ghartly are Rev CanDn Dr C Bracegirdle (the Vi¢arl. A J Milehell, Canon J Wa5sh 08E 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 lo an external charity. The Bolton Paiish Edu¢alional Foundation donated use of one car parking space al the Church Hall lo the PCC for Rev Canon Dr C BTacegirdle's use in his capacity as Vicar of Bolton Parish Church. After he retired in April. this space was allocated lo the Curate Revd Gracè Gaze. The market cost ol a car parking space is £500 per year and has been recognised as income and Èxpenditure in the Statement ol Financial Aclivilies. The Bolton Parish Educational Foundation also donated use of one ¢ar parking space al the Church Hall lo the Hulme's Bolton Lectureship Charity Eslale who then donated il lo the PCC fo¥ the Lecturer's use. The market cost of a car parking space is £500 lor this year and has been recognised as income and expenditure in the Slalemenl of Financial A¢livilies. The Trustees who sil on the PCC as well as this Charity are Rev Canon Or C Bracegirdle, A J Mitchell, Canon J Walsh OBE and E F Weston. The Markland Trust gave grants lolalling £8.590 for the various items mentioned in note 2e. The Trustees who sil on the PCC as well as thi5 Charity are RÉV Canon Dr C Braeegirdle, A Forresler, G Whalley, A J Mitchell, E F Weston, D J Ecker51ey 2nd Canon J Wa18h OBE. The H¥Jlme's Bolton Lectureship Charity pays the salary and towards the expenses of the Lecturer Rev l Hepbuin while the PCC pay the balance of his expenses. The Hulme's Bolton Lectureship Charity Eslale Trustees agreed a grant of £14,642 lawards the expenses and living accommodation of the L@clurer. 4 Employees l Key personnol There were no employees during the yèar. 5 Trustees None of the Trustees loi any persons nnected with them) received any remuneration Dr benefits from the Charity during the year,
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 6 Exp¢ndlture on charitable activities Unrestrl¢ted Funds Deslgnated Funds Restricted Funds Total 2023 Total 2022 6Ial Church Actlvilie5 Charitable Giving 6{cl 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 Eleclri¢ity Gas Water Insurance Gleaning Wedding & Funeral Fees Lecturers Accommodation Allowance Lecturers Expenses Vicarage Expenses Vicars Expenses Curate Expenses Verger Feès Licences Petty Cash & Sundries Postage, Slalionery & Photo¢opying Subscriptions Telephone Upkeep of Services Church Maintenance Repairs & Replacements Organ and Piano Maintenance PPEICovid-19 safely equipment Deprecialion Flowers Church Magazines Tower Expenses Independent Examiners Fee 2021 Gelebralion Expenses Bank ch8rges Advertising 1,123 61,800 250 3,000 1.567 2,690 61,800 250 3,000 867 5,067 1,768 1,OOD 3,250 8.499 56.100 1.520 3,000 1,637 7,167 722 1.000 1,501 867 2,133 2,934 1,758 1,000 3,250 2.719 13,953 679 8,570 585 1,726 2,719 14,283 679 8,570 585 1,726 12,758 2.313 453 541 1,622 341 514 2.929 10,838 672 7,564 2,080 5,578 12,638 2,163 2,041 2,QQ3 1,395 1,020 479 225 54 224 497 3.291 330 12,758 2,313 453 541 356 1,268 341 514 148 338 788 2,583 146 338 788 2,583 18,528 1,096 2,340 20,868 1,096 8,691 1,09D 583 1,676 3,625 55 465 1,370 866 fj.425 1,331 2.400 2,400 2,400 620 620 526 897 156,144 129,690 28,691 158,381 Unrestrlcted Funds Deslgnat&d Funds Restrl¢tèd Funds Total 2023 Total 2022 61lJl Fundralslng Costs Car Park Rates & Expenses So¢ial Corllmillee Organ Music Recitals 2021 Celebration Merchandise Tuesday Group Church Usage & Filming costs 12,627 373 1,746 12,627 373 1,746 388 83 447 19,587 464 1.196 350 44 2,784 24,405 388 83 447 15,193 471 xiv
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Funds Designated Funds Restricted Funds Total 2023 Total 2022 61cl Charitable Glvlng Archdeacon colle¢liDn Backup North Wesl Bolton Hospice Bolton Mountain Rescue Bolton Parish Church SGhool Children's Hospital Children's Society Christian Aid Church Urban Fund Churches Together Derian Hous8 Embrace The Middle East Flower Day- Lagan's Foundatio Fortalice Kids Club Kamp318 Macmillan Mayoral Sunday collection Ukraine Concert Urban Outreach 260 500 227 222 135 262 1,296 271 264 165 278 271 284 165 278 250 250 250 250 99 252 250 975 286 286 250 250 250 250 250 260 261 3000 250 8,499 303 303 123 1,123 123 2,690 1,567 7 Fixed Asset Investments for use by the PCC 7.{al Investments Nomlnal Value or No of Shares Cost Market Value 2023 Addltlon I Increase I (Disposal) (Decrease) In Value Market Valu8 2022 Unrestrlcted held by MDBF Consolidaled Legacy Fiind JPMF UK Slralegi¢ Income Fund 35146 units GharilLind Charibond Narrow Range 35,146 1,715 5,850 3.546 5,345 7.170 50,224 15,785 2,285 16601 197 1,822 47,939 25,202 6,336 79,477 18,7571 6,533 15,290 66,009 Unrestrl¢ted held by the PCC R C Winder COIF Investment Fund 1,195.60 23,727 23.727 Restrlcted Endowment Funds IMDBFI St Peter Endowment CBF Inv Fund 512 1,255 1,255 109 109 7.lbl Painting hèld as Investments Thése have been valued at a professional appralsal figure which has been used for insurance purposes Totsl Investments 35,UOO 137,353 35,000 125991 15.290 3,928 7.lcl Unrealised galnslllossesl In Investments and fixed assets This relates lo the revaluation of investments held by 01 on behalf of the PCC, on an annual basis and is represenlod by the diffèrence between the c>pening and Glosing market values. 2023 2022 UnTealised gainslllossesl in unreslricled investments IMDBFI Unrealised g2insll105s6sI in unreslricled investments (Generall Unrealised gainl{lossesl in reslricled investments Total unreallsed gains In the year 1,822 1,997 109 3,928 1,870 {3,1241 152 1,406 xv
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 8 Tanglble fixed assets Furnlture & Furnlture & flttlnys rittings Unrestrlcted Fund Restrlcled Fund Total Cost or Valuatlon Al 1 January 2023 Additions Al 31 December 2023 37,816 23,020 60,836 37,816 23,020 60,836 Depr&clation Al 1 January 2023 Charge for the year At 31 December 2023 37,451 55 13,884 51,335 1.425 52.760 37,5 15,254 Net Bookvalue Al 31 December 2023 Al 1 January 2023 310 365 7,766 9,136 8.078 9,501 9 Stock 2023 2022 2021 Celebration Mèrchandise IDesignal8dl Upkeep ol Services Iunreslrictedl 155 543 10 Debtors 2023 2022 Income Tax re.. Gift Ald Iunreslricledl Markland Trust IUnreslri¢l&dl Val reclaim under Listed Places of Worship grant (Unreslrictedl Church Usage IUnrestri¢tedl Manchester Diocese Iunreslrictedl Chadwick Educational Foundation IReslricledl Hulme's Bolton Lectureship Charity Estate (Reslricledl Marklancf Trust (Reslricledl Bolton Melropolilan Borough Council IReslricledl 1,051 18,698 918 250 342 165 374 691 1,619 691 2.683 23,227 11 Cash at bank and In Hand 2023 2022 EndoNvmenl Reslricled Designated UnreslTrcled 5,837 241 16,505 22,583 4,598 277 S,702 11,577 12 Cyedltors. accruals and deferred Income 2023 2022 Amounls falling du8 inside one year Ulililies accrued Independent Examin&r Chur¢h Repair Fund Loan Wedding deposll Income Tax re duplicated gift aid receipt from HMRC 4,078 4.800 40.195 847 2,184 2,400 40,195 300 3.847 48,926 49.920 xvi
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 13 Funds Endowment Funds These are trust fund investments held for the PCC by the ManGhesler Diocesat) Board of Finance. Restrlcted Funds Tower Fund To raise funds for the maintenance of i18ms rèlating lo the Tower Flower Fund To raise funds for church flowers Sunday Morning Coffee Each Sunday funds are collected for specific charilies Friends of Bolton Pash Church To raise funds for the renewal of sacred books and church artefacls Grants & othèr donations Grants and donations for certain speciflc purposes Deslgnated Fundg 2021 Celebralioft Tuesday Group To ralse funds for the 150 anniversary celebration of when the church was built To raise funds for various charilies and lor the Church Balance at1 January Income Expenditure Transfer 2023 between funds Movement In funds Balanco at 31 Revaluation December 2023 Funds Endowment Fund Restricted- Tower Fund Reslricled- Flower Fund ReslriGted - Sunday Morning Coffèe Restricted - Friends of Bolton Parish Church Restricted- Choir & Organ S¢holarship Reslrictecl- Grants & other donations Designated Fund 2021 celebration Designated Fund - Tuesday Group Unreslricled FL¢nd Total Funds 1,146 613 111 73 109 1.2S5 613 40 73 795 1,099 866 1,099 213 5,812 87 B.208 155 241 93,084 109,568 5,599 B7 3,250 9,561 22,123 643 277 47 115,266 118,884 133,276 146.411 3.250 23,476 388 83 144,883 174,045 3,817 3,926 14 Analys1$ of net assets between funds Fund balances al 31 December 2023 are reprosenled by.. Unrestrlctèd Designated Funds Fuiid5 Restricted Endowment Funds Funds Total Tangible fixed assets Inveslmenls Current assets Creditors.. amounts falling due within one year 310 124,736 17,958 149,9201 93,084 7,766 8,076 125,991 25,421 149,920 109,568 1,255 396 7,067 396 14.833 1,265 Unrealised gains included above.. On investments 117,761 117.761 998 998 118,759 118,759 Reconcllialion of mLivemenls in unrealised gains.. Unrealised gains at 1 January 2023 Nel gains on revalualiDns in year Unrealised gains al 31 December 2023 120,148 123851 717,761 889 109 998 121.035 12,2761 118.769 xvii
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 15 Comparatives for 2022 statement of Financiol Actlvities Unrestricted Funds Designated Funds Restricted Endowment Funds Funds Total 2022 Notes Income and endowments from: Donations and legacie 2181 96,198 28,125 124,321 Church activitigs 21dl 17.632 2,023 19,655 Activities for generating funds 21bl 40,993 63 41,056 Income from investments 21cl 2,243 42 2,285 Total Income 157,064 63 30,190 187.317 Expendlture on: Raising funds 61b) 24,011 24,4D5 Church activities 8{a) 124,014 500 31,630 156,144 Total expendlturo Net Income I lèxpenditurel before investment gainslllosses Gains I (losses) on investment assets 148,025 894 31,630 180,549 9,039 18311 11,4401 6,768 On rtsvalualion 9{cl {1,2541 11521 {1,4061 Net income I lexpendlturel 7,785 18311 11,440) 11521 5,362 Transfers between funds Net movement In funds 7,785 {8311 11,4401 11521 5,362 Fund balances at 1 January 2022 107,481 1,651 17,484 1,298 127,914 Fund balances at 31 De¢Èmber 2022 115,266 82Q 16,044 1,146 133,276 Restricted Funds 2Ial Donations and legacies Unre5trictgd Funds Designated Funds Total 2022 Planned Giving Gift Aid Tax Receivable Other Giving Collections- open plate Gift Day Grants 2lel Donations, appeals etc Contribution for vicar's expenses from Sl Philips Maintenance Wall Safe Unclaimed donations Donated Car park facilities 31,528 11,842 31,528 11,842 5,674 8,316 5,674 8,316 20,800 41,587 1,324 250 2000 1000 124,321 20,800 6,001 1,324 35,586 250 2000 1000 96,196 28,125
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 15 Comparatlves for 2D22 continued Unre5tYicted Funds DBslgnated Funds Restricted Funds Total 2022 2{bl AGtivltles for RaSslng Funds Car Park Income Social Committee Organ & Musi¢ Recitals Church Usage 2021 Celebration merchandise Tuesday Group Tower Fund 28,090 465 1,124 11,260 54 28.090 465 1,124 11,260 54 63 63 40,993 63 Unrestrlcted Funds Deslgnated Funds Restrlcted Funds Total 2022 21cl Income from Investments Interest and Dividènds including lax recoverable 2,243 2,243 42 42 2,285 UnrestrScted Funds D¢slgnated Funds Restricted Funds Total 2022 21dl Income from Church Activltles Book of Remembrance Fees paid lo PCC for Weddings and Funerals Bell Ringers Sunday Morning Coffee Votive Candles Flowèrs Magazine 30 14,519 1.429 30 14,519 1,429 1.036 338 1,660 643 1,036 338 673 643 987 2.023 Unrestrlcted Funds De$lgnat8d Funds Restricted Funds Total 2022 21el Grants recelv¢d Markland Trust Markland Trust Choir & Organ Scholarship Chadwick Educ2tlDnal Foundation Hulme's Bolton Lectureship Charity Estate Manchester Dioceso 3,095 1,501 135 14,819 1,250 20,800 3.095 1,501 135 14,819 1,250 20,800 xix
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 IS Comparatlves for 2022 contlnued Unrestricted Funds Deslgnated Funds Restricted Funds Total 2022 61al Church Actlvlties Charitable Giving 6lcl 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 Eledricily Gas Vvater Insurance Cleaning Wedding & Funeral Fees Lecturers Accommodation Allowance Lecturers Expenses Vicarage Expenses Vicars Expenses Curate Expenses Verger Fees Licences Pelly Cash & Sundries Postage, Slalionery & Photocopying Subscriptions Telephone Upkeep of Services Church Maintenance Repairs & Rèplacomenls Ofgan and Piano Maintenance PPEICovid-19 safely equipment Depre¢ialion Flowers Church Magazines Tower Expenses Independent Examineis Fee 2021 Celebration Expenses Bank charges Advertising 1,000 56,100 1,520 3,000 1,637 7,167 722 I,ODO 500 6.999 8,499 56.100 1,520 3.000 1,637 7,187 722 1.000 1,501 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,Q41 2,003 1,395 1.020 479 225 54 224 497 3,291 1,250 12,638 2.163 2,041 679 1,395 1,020 479 225 54 224 497 2756 1,324 535 7,133 1,090 289 64 2,577 1.558 8,691 1.C>90 583 1,676 3,625 19 294 1,612 1,048 2,400 2.400 526 189 124,014 526 897 156,144 708 31,830 500 Unrestrlcted Funds Designated Funds Restricted Funds Total 2022 61bl Fundralslng Costs Car Park Rates & Expen5e8 Social Committee Organ Music Recitals 2021 Celebration Merchandisg Tuesday Group Chur¢h Usage & Filming costs 19,587 464 1.196 19,587 464 1.196 350 44 350 44 2,764 24,011 394 24.405 xx
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 15 Gomparatlves for 2022 contlnu&d Unrestrlcted Funds Deslgnated Funds Restil¢ted Funds Total 2022 61cl Charltsble Giving Backup North Wesl Ukraine Concert Bolton H05pice Bolton Mountain Rescue Bolton Parish Church Scho Children's Hospital Children's Society Flowar Day- Lagan's Foundation Churches Together Derian House Embrace The Middle East Mayoral Sunday collection Kids Club Kampala acmillan Archdeacon collection Urban Outreach 500 500 3000 227 222 13S 262 1,296 975 99 252 250 261 250 260 260 250 8,499 3000 227 222 135 262 1,046 975 99 252 250 250 261 25C> 260 260 250 1,000 500 6,999 Analysls of net assets betwe$n funds Fund balances at 31 December 2022 are represenled by: Unrestricted Designated Funds Funds Restricted Endowment Funds Funds Totsl Tangible fixed assets Inveslments Current assets Creditors.. amounts f811ing due within one year 365 136,208 27,61g 148,9261 115,266 9,136 9,501 137,354 35,347 148,9261 133,276 1.146 820 6,9D8 820 16,044 1,146 Unrealised gains included above.. On investments 120,146 120,146 889 889 121,035 121,035 Reconciliation ol movements in unrea11sed gains Unrealised gains at l January 2022 Nel gains on revaluations in year Unrealised gains al 31 December 2022 121.400 11,2541 120,146 1.041 11521 889 122,441 11,4061 121,035 xxi
THE PARISH CHURCH OF ST PETER BOLTON-LE-MOORS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 15 Comparatlves for 2022 contlnued Funds Endowment Funds These are trust fund investments held for the PCC by th8 Manchester Dlocesan Board of Finance. Restrictèd Funds Tower Fund To raise funds for the maintenance of items relating to the ToweT Flower Fund To raise funds for church flowers Sunday Morning Coffee Each Sunday funds are collected lor specifi'c charities Friends of Bolton Parish Church To raise funds for the renew81 of EaGred books and church artefacls Grants & other donations Grants and donations for certain specific purposes Deslgnated Funds 2021 Celebration Tuesday Group To raise funds for the 2021 celebration of when the chuich was built To raise funds for various charities and for the Church Balance at1 Janiiary 2022 Movement In funds Balance at 31 Revaluation December 2022 Funds Income Expendrfture Tr8nsler between funds Endowment Fund Rttslricted - Tower Fund Reslricled - Flower Fund Reslricled - Sunday Mornin9 Coffee Reslricled - Friends of Bolton Parish Church Restricted - Choir & Organ S¢holarship Reslricled - Giants & other donations Designated Fund- 2021 celebration Designated Fund - Tuesday Group Unreslricled Fund Total Funds 1.298 813 172 11521 1,146 613 987 1.036 62 11.0481 19631 73 5,599 5,537 87 87 1,501 (1.5011 128,1181 (3501 15441 1148,D25 1180,5491 11,Q75 26,604 893 758 63 107,481 157.064 127.914 187,317 9.561 543 277 115,266 133,276 11,254} {1,408} xxii