2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Saint Paul, Marton, Blackpool

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VICARS REPORT – APCM 14[TH] MAY 2023

2 Timothy 1:6-9a

“I remind you to rekindle the gift of God that is within you through the laying on of my hands; for God did not give us a spirit of cowardice, but rather a spirit of power and of love and of self-discipline.

Do not be ashamed, then, of the testimony about our Lord or of me his prisoner, but join with me in suffering for the gospel, relying on the power of God, who saved us and called us with a holy calling, not according to our works but according to his own purpose and grace.”

Paul is saying in these words that God’s gift of faith is like a flame, and when the embers of the fire have cooled you must fan them again and keep them ablaze.

They remind us that so often we are weighed down by the reality of just getting the business side of church “done”. And under this weight it is all too easy to forget God, and that he has called each of us to be Christ’s body here on earth. Yes, that’s even our aching knees, ankles, necks, shoulders and backs; and with our over-tired and over-worked brains. And that God’s call is holy. There are times when we all need to fan the flame of what God’s Spirit has given us, a spirit of power and love.

How often it is we try to do all the many things for church without reminding ourselves of God’s power, without remembering that God has saved each of us, not because of anything we can do but because he loves each church officer, each PCC member, each priest. I’m as guilty as anyone in forgetting this. We easily fall into frustration and depression when problems seem insurmountable. We often feel lost in anxiety when presented with what appears to be overwhelming situations. We can sigh in despair when yet another bundle of demands come our way.

We have begun to reassess and grow in discipleship, mission and deepening our faith. As in all things, when we begin to grow – it is then that we are at our most delicate as we find our resources, (financial, personal commitment, people) stretched.

We find ourselves vulnerable. But it is the example of the Gospels, the Acts of the Apostles and the Pastoral letters in the New Testament. There cannot be any meaningful change or growth without that vulnerability. We are being and will be tested by that evil that doesn’t want us to succeed. So to foil the desire of that old Tempter the devil, let’s remember, we actually have lots to celebrate.

God’s work is expanding through our collective ministries and we are seeing the blessing of our community growing. Although that comes with the anxiety of vulnerable growth, we cannot overestimate just how amazing that growth is. One new person coming through our doors and deciding to stay is GROWTH. And we have seen much more than 1 new person join as this past year.

We need to enjoy that and thank God for it. We need to celebrate it.

I want to celebrate the people that have taken roles on at church. There are too many people to thank individually, who are dedicated to the flourishing of our worshipping community. Thank you all.

There is much to celebrate, in joy, hope and love.

Many of the most important roles within the church are those that are rarely seen and our Church Wardens, Denise and Steve, give leadership and service. And it is not an overstatement to say that much of what the church is able to do well rests on their shoulders.
Jacqui is growing in her Urban Mission Role, and is offering another view of how we engage in mission, through her interest in ecology and the environment.
We contributed an Ordinand in Cornelius, and it gives me particular delight to Know that Ian will be deaconed at the beginning of July.
We are growing our prayer life. We can do nothing without prayer. It needs to be our heart, our purpose, our very breath. This is something which is a continual work, and I want to encourage you that whatever you do in church life, individual and corporately, to always begin with prayer – offering yourself to God and searching for God’s guidance and blessing.

We had several adults confirmed or reaffirming their Baptismal faith.
Historic debt almost written off.
Diocese reducing our parish share contribution.— particularly because ….
We are engaging with Leading Your Church into Growth program which Ian and Jacqui and I devote much time to. And we art part of the Parish Development program.
Social events are recovering post covid.
Newly refurbished kitchen.
Wednesday morning social activities.

Moving forward, there are two particular areas where we need to see more people willing to serve.

That with children ministry, and on the PCC.

Children:

Please pray for some creative solutions to come forth so that we can offer a children’s ministry. We need people to be willing to lead and help in this area.

If it means that we have to let go of something to enable this to happen, pray for us to have the willingness to do this. PCC:

We need more people willing to serve.

I look forward in particular to seeing each of the PCC being examples to others in our church community of not only how God can use them, but also their faith journeys and holy calling.

In general, we need first to look to our own personal commitment to God, to be regular worshippers. If it doesn’t matter to us, then why should it matter to others?

We are called to be a community led by Jesus. This is the foundation of our life together. There are three things which we need to do to build on this foundation:

In prayer, to discern God’s will for every decision we make.
Looking to scripture for inspiration and encouragement
Trusting the Holy Spirit to guide us.

From this comes everything else.

Making our worship accessible, inclusive and participatory.
Encouraging more families to make St Paul’s their home.
How we can help those on the margins of church life to become part of our worshipping community.

Deepening our faith, learning more about the Scriptures, deepening our prayer life, and learning to trust in our Lord.
And all of this to be done not with grudging compliance or complaint, but with JOY. Let’s not forget; Joy is a biblical and holy thing, as it was for Jesus and his disciples.

As we move forward we need to be aware of the significant challenges that face us as a community too. Some of this is honestly financial. We have been managing to pay our parish share for several years, which is why the diocese has almost written off our historic debt. Let’s pray that we can find ways to meet the challenge this year. Bev worked hard co-ordinating the work needed for the parish giving scheme and continues to keep an eye of our finances, which we are all grateful for. We do live precariously however, as at one point earlier this year it looked like we would not be able to pay all our bills and that still may be the case if things don’t progress well. So please pray as we think about how we can make our finances sustainable in the future.

As we continue to grow, flourish and engage with and necessary changes, I hope to ask seriously the question of how we enable more mission for our church. There are so many opportunities to work with children and young people that we need to think about meeting. This along with deepening our prayer life, bible study, engaging with worship will go beyond my own capacity. These are exciting questions to ask and I would ask that a focus for your prayers would be how we enable others to come on board and how we enable the exciting possibilities for growth in faith to go from delicate to embedded.

As our mission as a church increases so will the demands on everyone. At the moment our mission has not caught up with our membership.

It is very important to recognise those of our regular members who do something for the benefit of our community, which is just so amazing. However, often the ones who are doing more are the people who already do so much. But church must never be a burden but a blessing. If you are doing too much, let me know, let something go, we can explore the implications later. Jesus died for you to have life in all its fullness, not so you could be burdened with something that is too much. As our opening

scripture from 2 Timothy said “[rely] on the power of God, who saved us and called us with a holy calling, not according to our works but according to his own purpose and grace.” We are to rely on God for the growth not on any of us. Equally, if you are less busy and see some of the people on whom we rely on struggling, prayerfully consider how you might help. Even little things like occasionally counting the money, offering yourself as a reader, helping out with the flowers, teas and coffees make a huge difference. Many of you already do this; and thank you to all the people who have stepped up to help with the social and fund-raising committees.

None of this is problems a failing church has. We have so much to be thankful for and so much to look forward to. As we pray and hope for the continued blessing of God on our community, let us give thanks for the abundant way God is answering our prayers. Let us give thanks for the wonderful Christians we serve alongside. Let us give thanks for the joy that is found here. Most of all I give thanks for those growing in confidence in prayer, May God continue to bless us and may we be amazed by what God does here in the next 12 months.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARESH OF SAINT PAUL MARTON. BLACKPOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Charity reglstratlon number 113S687

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL CONTENTS Page Parochial Church Council MembÈrs' report Independent examthierfs rep)rt Slalemenl of financial activrties B81ance sh¢el Notes lo the financial stslemen15 7-17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL LEGAL AND ADMINISTRATIVE INFORMATION Membets Of The Parochial Church Council Mi$ K Montgomery MI l Rushton Mrs B Clews Mis A Giller Mr S lthrfworth Ms J Cookson Mis D Emery Ms J Riding Mrs P Boak Mr C Asghar Mr K Oldfield Reverend LAtkins Mr G Jones Mr8 J Jones Mrs D Mather Mrs S Sankey Mr8 C Devine (resigned 22.5.22) (resigned 22.5.22) (resigned 22.5.22) (resigned 22.5.221 lappoinled 22.5.22) lappo¢nted 22.5.22) (appotnted 22.5.22) Charity number 3135687 Independent examiner Champion Accountants LLP UnÈt 2 Olympic court Whitehills Business Park Blackpool Lancashir FY4 5GU

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL PAROCHIAL CHURCH COUNCIL MEMBERS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Th8 Memb81s of lh8 P8toch¢al Church Council present their annual report and financial 51alemenls foi the year ended 31 December 2022. The financial stslemenls have been prepared in accordance with the aunting polictes set oÈtl in note 2 to the rinancial slalemenls and compty with the chaiily's ctsnslitutn. the charrf$ Act 2011 and 'Accounting and Reporting by Charities- Staletn8nt of Recommended Practice applicable lo charities prep31ing their accounts in accordance with the Fin8ncial Reporting Standard applicable in the UK and Repltblic of Ireland IFRS 1021" las amended for acoounling peodS comrtsenong from 1 Jiinuary 20161 Objectlves and actlvit The objects of the thurch are to provide a pla of worship for the community within the paiish bourEdaries of Marton. Sl Paul, and to provide funeral, baptism and wedding functÈons as requir8d by the community within those boundaties. The Members of the Paiochial Church Council have paid due regard to guidance issued by the ChaFSty CommisSh7n In deciding what activities the charity should undertake. The activities of the church during the year have been as slated above. AchÉevements and performance Delai15 of the achievernenls and perf0fman of the church are detailed in the appended Chairfs Report. Flnancial review InaomÈ has continued to be affected in Ihe altermalh of Ihe Covid pandemic with lower fegular 8tt8ndance numbefs and iedudions in wedding5 and Sundry fees . Whilsl the PCC has continued to ieduce expenditure where possible, there ha5 been a signifunt amount of e$Sary repair WOTk carried out duTing the year. The PCC made payment of Ihe reduced Parish Share for 2022 in full and have bonefitted f¥om the Diocese writing off historic arrears of t216.940. The finanual statements show a surplus foi the year of £193.181 P021= surplus £151,301) athough this includes the Parish Share written off sn btsth years. Wthout this write off Ihere would be a deficit of £23,759 {2021'. surplus £45.009 including 8 legacy). Further informalion 15 contained in the appended Chai¢5 Report. It is the policy of the charily that unrestricted funds which have not beeEk designated for 8 specific u58 should be tnaintair¥Ed at a level equNalenl lo between three and six month's expenditure. The Members of the Parochial Chuich Council considers that reseNes al this level will ensure that, in the event of a 5ignific8nt drop in funding, they will be able to continLte the charity's current activities while consideration is given to ways in which additional nds m8y be raised. This level of reserves has nol been maintained Ihioughoul the year and the Parochial Chur¢h Council is lIant on continued supwrt from the Diocese in thi$ ¥espect. The Members of the Parochial Church Council have èssessed (he major risks to which Ihe charity is exposed, and are satisfied that systems 818 in place to rnitig8te exposure to the major risks. Structure, governance and rnanagemertt The church fomns part of Ihe Diocese of Blackbum. On 27 April 2010 it was granled charitable status in its own right. The Members of the PaTochial Church Council who s¢rv¢d during the year and Ltrp to the date of signature of the financ¢al slaternents were.. Mis K Montgomery Mr l Rushton Mrs B Clews

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL PAROCHIAL CHURCH COUNCIL MEMBERS. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 Mrs A Giller bAr S Mthiiworth Ms J Cookson Mrs D Emery Ms J Riding Mrs P Boak Mf C Asghai MT5 M Cottier-Brown Mr K Oldfield R8veiend LAtkins Mr G Jones Mrs J Jones Mrs D Mather Mrs S Sank8y Mrs C Dewine {Resigned 22 May 2022} (Resigned September 20211 {Re5igned 22 May 2022) {Resigned 22 ThA8y 2022) (Resigned 22 May 20221 (Appointed 22 May 20221 (Appointed 22 May 20221 (Appointed 22 May 20221 The P8Tochi81 Churoh CotJnc+l is elected annualty by the members of the Church who are on the electoral ¥ok al the time. Council tnetnbeis ale elected to serve for between one and three years befoTe retiring and standlig for re-8tectn_ The Paroohial Church Coun¢il is <*aired by the church incumbent and Ss ultimately reswnsible to the Dtocese of Blackburn. The Parochial Church CoLFncil Members, reportwas approved by the Board of Merllbers OfThe Parochial Church Council. Reverend LAtkins Vicar 1st June 2023

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL report lo the Members of the Par(h¥al Church Council on my examination of the financial statements of The Paiochial Church Council of the Eccfesiastical Partsh ol Saint Paul. Marton, BlackpooE {the charity) fr>r the year ended 31 December 2022. Rèsponslbll1es and basis of report As the Members of the Parochial Church Councrf of the charity you ale responsible for the preparation of the financkil statements in accofdance with the requirements of Ihe Charilies Act 2011 Ilhe 2011 Act). I report in respect of rny examination of the charitys financial statements caffled out uwjder section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Diie¢tions gen by the Charity Commission under section 145{5llbl of the 2011 Act. Independent examiner's statement Yottr attention is drawn lo the fact that the charily has prepared financial stalefflents in accordance wilh Accounting and Reporting by Charities pfepaiing Iheir accoLtnls in accordance wilh the Financial Reporting Standard applicable in the UK and Repub14G of Ireland IFRS 102) in preference to the Accounting and Reporting by Charities.. Statement of Recommended PtaGt>ce issued on ? Aprsl 2005 which is referred lo in the exlanl regulations bul ha5 now been wthdrawn. l understand that this has been done in older fo¥ financial sialemenls lo piovide a true and fair view in accordance with Generally Accepted Aocounling Piacbce effective for reporting periods beginning Orb or after 1 January 2015. I have cotnpleted my examination. l eonfirtn that no matters have come lo my attention in connection with the exatnination giving me causÈ to believe that in any material respecl.. accountsng records were not kept rn respecl of the charity as required by sedion 130 of the 2011 Act, or the financi81 statements do not accord with Ih05e records., 01 the financtal s(&tements do not comply with the applicable requirements concerning the form and conteFtt ol accounts set oul in the Charities (Accounts al Reports} Regulations 2008 other than any requiiement thal the accounts give a true and fair vpw which is not a rnatter considered as pall of an iF)dependent examination. I have no ooncerns and have come across no other rnattets in connection wilh the examination to which attention Should be drawn in thi5 report Order tu enable a proper tÈnderstandin9 of the financial siatements to be leached. ChwLOli AccoLULt(uoLS LLR , Champlon Accoub)tants LLP Unit 2 Olympic Court Whilehills Business Park BladiFK)oI Lancashire FY4 5GU Dated-. iall¢ld3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 Current rFnanelal year Unrestricted Restricted Endowtnent funds funds funds 2022 2022 2022 Total Total 2022 2021 Notes Income and èndowments from. Donab"ons and legacies Other trading adivitie5 ITTrvestments Other income 4,527 7,226 4.402 35.585 4,527 7.226 4.405 35,585 39,302 4,107 6,377 44.048 Total Income and endowments 51.740 51,743 93.832 ndilure on.. Raising fvnds 2.186 2,186 Charitable activities {143,6271 1.389 1142,2381 158,425) Total expenditure 1141,4411 1,389 1140.0521 157,469) Net movement in fLEnds 193,181 11.3891 191,795 151,301 Fund balanS al 1 January 2022 1154.IX)9) 6.473 1.763 (145,7731 1297,0741 Fund balances at 31 December 2022 39,172 5,084 1.786 46,022 1145,773) Th¢ st8tement of financial aclivi118s includes 811 gains and10sses recognised tn the year. l incorne and expendilure derive Irom continuing activities.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOQL STATEMENT OF FINANCIALACTIVITIES (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022 Prlorfinancial year Unrestricted RestTi¢ted Endowment lunds funds funds 2021 2021 2021 Total 2021 Noies Income and endowments from- Donations and legacies Other trading activiiies Investments Olhei income 38,225 4,107 6,377 44,046 1,D77 39.302 4,107 6,377 44,046 Totsl income and endowmènts 92,755 1.077 93,832 Ex enditure on: Raising funds 956 956 Charitable aclivities 162,086) 3,881 158,425} Totsl expenditu 161,1301 3,661 157.469) Net movement in fund8 153.885 13,6611 1,077 151,301 Fund balances at 1 January 2021 1307,8941 10.134 P97,0741 Fund balane•s at 31 December 2021 1154,0091 6,473 1,763 (145.7731

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2021 Notes Fixed a8set8 Tangible assets Invesimenls 14 13 8,075 1.778 1,842 8,706 9,853 Current assets Stock5 Debtors Cash at bank 8nd in hand 15 16 609 755 44,339 275 711 68,715 45.703 69,701 Creditors.. amounts falling due wtthin one year 17 18,3871 1225,327 Net current assetsllliabilitEsl 37,316 {155,626) Total aBset8 less currnnt liabilities 46.022 1145.7731 Capitsl funds Endowment funds - general Income funds Restrted funds Unrestricted funds 18 1.768 1.763 19 5,084 39,172 6.473 (154,0091 46,022 {145,7731 7 May2023 The finartcial statements were approved by the Members OfThe PaTochial Churth Counal on . R•ver•nd LAtklns Trustee

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL BALANCE SHEET {CONTINUED) AS A T 31 DECEMBER 2022 Crttical accoLtnting estimates and judgements In the applcation of the charily's accounting policies. the Members of the Parochial ChLFrch Counol are required lo make judgements, eslimates and assumptions about the cariying amount of assets and liabilities that are not readily appxrent from other sources. The e5timate5 and associated asstjmptions are based on hi$lorical eXpeeTh¢e and other faclors that are constdered to be relevant. Aclual results may differ from these estimafes. The estimates and undedying assumption5 are reviewed on èn ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate 15 ievised where the reviston affects onty that period, or in the peiiod of the revisKin and fu[¢ periods where the revision affects both curront and knlure periods. Accounting policies CharFty Infom)ation The Paroahial ChLtich Council of the Ecclesi8sb"cal Parish of Sait)I Paul, Marton. Bl8ckpool is an unincorporated charity. 2.1 Accounting convention The accoun5 have been prepared in accordan¢e with Ihe charity's conslilutiork, th8 Charit185 Aci 2011 and "Account£ng and Reporting by Gharilie5'. Slalement of Recommended Practsce applicable to charit$ pieparing their accounts in accordance with the Financial Reportlng Slandard applicable in the UK and Republic of IrÈland IFRS 1021" lag amonded for accounting peiiods commencing from 1 Jarkuary 20161. The charity is a Public Benef41 Etttity 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 Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a Iiue and fair view. ThÈs departure hès involved lollowing the Slalemenl of Recommended PFactice for charities applying FRS 102 rather tharb the version of ihe Slalement of Recummended Piactice which is referred to in the Regulations but which has smce been withdrawn. The fiEkanual statements are prepared in slerltng, which is the functional currency of the charity. Monetary amounts in these financial 51alemenls are Tounded to the nearest £. The fin8ncial statefflent5 have been prepared under thè histor¢cal cosl convention. The principal accounting poliryes adopted are set otji below. 2.2 Going concern The accounts have been drawn up on the going u>ntem basis, which assume8 the oonlinued 5UPPOrt of Ihe Diocese of Blackbuin. 2.3 Charitable fL5fbds Unrestricle(5 funds are availab foi use al Ihe discretion of the Mernbers of the Pamchial Church Council in furtheran of their cha¥itable objectives. Restricted funds are Subject to specific conditions by donors as to how they may be used. The ptErpose5 and uses ofthe re8lTided fvnds are set out in the notes lo lh8 fin8nual ststements. Endowtnent funds a subject to specific conditions by donors that the cap¢tal musl be maintained by the harity.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policies {Continuèdl 2.4 Incom& Income is recogntstsd when the tharty Is legalty entitled lo it after any perfomance cDndits'ons have been mel, the amounts can be measured reliably, and ti ig probable that Incorne will be received. Cash donations are recognised on receipl. Other donations are recognised once the charity has been notified of the donation, unles5 performance conditions requi deferral of the amount. Income lax recover8ble In relation lo donations received utlder GiftAid or deeds of covenanl is recognised at the time of the donation. Legactes are cOgnIsed OFE receipt or olherwÈse rf the charily has been notified of an impending distribution, the aTnounl is known, and receipt is expected. If the amount is not kftown. the legacy 18 treated as a con*"ngent asset, 2.5 Expenditure Resouic25 expended are accounted for on an acoruals ba51s Inclusive of Value Added Tax. and h8v8 been dassified under headings that èggregate all costs ielated to the category. Governance cosls include independent examiner fees and depfecia1n and are allcKated to Charitable activities. 2.6 Tangibjle fixed aets Tangible fixed assets are initially measured at cost and subsequenly measured al cost or valuation, nel of depfeaalion 8nd any impairment losses. Depreuation is recognised so as to write off the cost or valuation of assels18SS their residual values over their useful lives on the following bases- Land and buikjings Fixtures, fillings & equipment 15¥0 per annum on nel book v81ue 15Q/o per annum nel book value The g8irE or loss arising on the disposal of an asset is determined as the difference belweeFE the sale proceeds and the carrying value of the asset, and is recniSed in the stslemenl of fmanc4al activ118S. 2.7 Fixed ass•t Investments Fixed asset investttEents are initially measured at transaction price excluding transactff)n costs, and are subsequently me8sured at lair value al each iepurttng date. Ch8ng¢s in fair value aTe recognised in net incomellexpenditurel for the year. Transadion costs are expensed as incurred. 2.8 Impairment of fixad assets Al e8ch reporting end dale, th6 tharity reviews the ratrying amounts ot its tsngibse assets to determine whether there is any indicallon that those assets hav8 suffered an impairment loss. If any such indicatK)n exisls, the iecoverable amovnl of the a55et is estsmaled in orde¥ to determine the extent of the impairment loss Irf any). 2.9 stocks Stocks are slated at th8 lower of cost and eslim8led selling price. Net realisable value is the estimated selling pric8 18gs all estimated costs of completion and costs to be incurrad in marketing, Selling and distribution.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policSes IContinu8dl 2.10 Cash and cash equivalents Cash and cash equivalents indude cash in hand, detK)sits h81d at call with bank5. Other short-temi liquid investments Wlth ofiginal maturities of three months or less, and bank oveidtafts. Bank over(ITafts are shown w¢lhthi borrowings in current liabisities. 2.11 Financlal ÉnstrLEmants The chaiity has eleded to apply the provisions of Section 11 'Basic Financial Instruments. and Seclion 12 'Olher Finanaal Instrurnents Issues, of FRS 102 to all of its finanaal instwments. Financial instruments are iecognised in the charitys balance sheet when the charity becomes party lo the contractU81 provisions of the instrument. Financial assets and liablities are offset. with the net amounts psented irb the financial slateTnents. when Iheie 15 a legally enforoeable right to set off the recognised atmunts and there is an intention to settle on a nèt basis orto realise the asset and settle the Ilability simultan80U5ty. Basic financlal assets Basic financial assets. which inclde debtor5 and cash and bank baLonces. are initially measured al transaction pri including transaclÈon eosls and are subsequently carriod at atnortised cost using the effeGtbve interest method unless the arrangement Eonslilules a financing transaction, where the transadion È5 measured at the present value of the futtjre receipts dis¢ounted al a market rate of inler851. Financial assets dassified a5 receivable wkthin one year are not amortised. Basic financial Ilabilities Basic finanoal liabilities, induding CTeditQTS and bank loans are initialty recogfiised al transaclÉon price unless the arrangemenl constitutes a finanang transaction, wheie the debt instAJment is measured at Ihe present value of the future payment5 dtscounted at a mart(et rale of Inte$t. Financial liabililies ¢lasskfied as payat4e within one year are not atnortised. Debt instruments are subsequenlty cafried at amortised cost, using the effectlV8 interest rate method. Trade creditors are obligati0Tr5 to pay foi goods or services Ihal have been acquired in the ordinary course of operations from suppliers. Ar1unt$ payable are classified as CUTient liabilities sf payment is due within one year or less. 11 not, they are presented 85 non-cuirenl Itabililies. Trade ¢r¢dilors are recognised initially at transaction pri and subsequently measured at amortised cost u$ing the effe¢live interes( method. Dèrecognition of flnancial li3bilitie5 Financial liabilities are d&iecognised when the chariiy's eA)ntractual obligations expire or are discJ)arged or cancelled.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 Donations and legacÉes Unrestricted funds Unrestricted Endov4ment funds funds general 2021 Total 2022 2021 2021 Donations and gifts Legacies receivable 4.527 2,210 36,015 1,077 3,287 36,015 4,527 38.225 1.077 39.302 other trading activitFes Unre8tricted UnTestricted funds funds 2022 2021 Fvndr8ising ev8nts 7,226 4,107 Investments Unrestricted End¢)wment fur7ds funds general 2022 Total Unrestricted funds 2022 2022 2021 Rentsl income Interest receivable 4,270 132 4,270 135 8.290 87 4,402 4.405 6,377 Other In¢omo Unre$trieted Unr•strlcted funds funds 2022 2021 Other income 35,585 10-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Ralslng funds Unr88trÈcted Unr•strtct8d funds nds 2022 2021 sin and ublici Other fundrai5Eng costs 2,186 956 2.186 956 Support costs Support Governance costs co¥ts 2022 2021 DepreCtIon 1,211 1.211 1.425 1,211 1.211 1,425 Analysed between Chaiitable activities 1.211 1.211 1,425 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Charttable activitS 2022 2021 SeNice costs Housing expenses Insurance Lsghl and he8t Repairs and maintenance Postage and 8ts1ionery Telephone Burial ground expenses Sundry expenses Donations to charity Parish shaTe Parish share written off 121 3,551 3,919 2.577 7.160 758 438 5.811 1.509 598 20,000 {106,2921 3.696 3.761 4.590 23,191 1,097 524 2.548 1,477 31,353 {216,9401 1143.4491 (59.8501 Share of governance costs Isee note 81 1.211 1,425 1142,2381 158.425} Analysis by fund UnrestFiCted ld$ Restricted funds 1143,6271 1,389 {142.2381 For the year ended 31 December 2021 Unrestricted funds Restricted funds 162,0861 3,661 158.425} 10 Members Of The Parochial Church Council None of the Members of the Parochial Church Council lor any persons connected with thetn) ieceived any ieTnuaeiation 01 benefils fTom the charity during the year. 11 Employee8 The average monthly number of empknyees during the year was.. 2022 Numbèr 2021 Number Total 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 11 Employees (Continued) There were no employees whose annual remuneration was more than £60,000. 12 Taxation The charity is exempt from lax on income and gains falling wilhin section 505 of the Taxes Act 1986 or section 252 of the Taxalionof Chargeable Gains Act 1992 to the extent th8t thèse are apPld to its charitable objects. 13 Fixed ass•t In¥tments Listed Investments Cost or valuatlon At 1 January 2022 Valuation changes 1.778 64 Al 31 DecemtRr 2022 1,842 Carrying amount Al 31 December 2022 1,842 At 31 Dember 2021 1.778 14 Tangible fixed assets Land ¥thd bulbdlng FlxwrAs, fillings & oquIprnBnt Total Cost At t Janvary 2022 20.597 53.609 74,2Q6 At 31 Decetllber 2022 20,597 53,609 74,206 Depreciation and impaim)ent Al 1 January 2022 Depreciation charged in the year 19,858 46,473 1,211 66,131 1.211 At 31 December 2022 19,658 47,684 67.342 Carrying amount Al 31 December 2022 939 5,925 6,864 Al 31 December 2021 939 7.136 8,075 13-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 15 Stocks 2022 2021 Finished good5 and goods lor resale 609 275 16 Debtors 2022 2021 Amounts falllng due within one year. Prep8yments and accrued income 755 711 17 Crèdltor&: amounts falling due within one year 2022 2021 Trad8 cr8dbtors 8.387 225.327 18 Endowmentfunds Endowment funds represent assets which mu81 be held pemanenlly by the charity. Incotne arising on the endowment funds can be used in accordance wslh the objects of the chattty and 15 included as unrestricied income. Any capilal gains or k>5se5 arising on the assels form patl of the fijnd. Movement in funds In¢omlng BalaDce 4t r83ourrFs1 January 2022 Movemerrt in fund5 Incomlng Balancè at resources 31 Dgcgmbèr 2022 1,763 1.766 1.763 1.766 14~

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 19 Restricted funds The income funds of the charsly indude restricted funds comptising the following unexpended balances of (lonations and grants held on Irust lor specific purposes: Balance at 1 January 2021 Resources Balanco at expgnd¢d1 Januory 2022 Resources alan¢8 at expanded 31 Dgcgrnber 2022 Legacy Organ 100 3,172 2.920 1.195 2.747 loo 2,696 2,482 1,195 11001 1405) 13721 1512) 1476) 14381 2,291 2,110 War Memorial Marton Buri81 Ground 12,7471 10,134 13.661} 6,473 11,3891 5.084 15-

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 21 Rèlated party transactlons There wete no disclos8ble related patty transactions during the ye8r12021 non81. Remuneration of key management personnel No remuneration is paid to key management personnel. 17-

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