Annual Report and Accounts 2023 1111.ltrii Iv 11 A¥ <lll*i li St Ann's Church Manchester
2023 Report & Accounts of the Parochial Church Council St Ann's Church Manchester Contents Page 1 The Accounts for 2023 Statement of Financial Activities (SOFA) Balance sheet as at 31st December 2023: Forewordlchurchwardens Report 2 Administrative Details 13 Notes to the Financial Statements Accounting policies Income Expenditure Fixed Assets Investment Current Assets Unrestricted Funds Restricted funds Endowment funds Summary of unrestricted and restricted funds Pension Scheme Membership of the PCC 14 ivlv vilvi i Appointments 15 Sunday Attendance 16 Financial review 17 xi Risk Review and Reserves policy statement of Trustees, Responsibilities 18 xiv Independent Examiner's Report Page I
Foreword Churchwardens Report Structure, Governance and Membership Introduction The Parochial Church Council (PCC) is a registered charity, number 1136159 and is constituted under the Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules. Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. The PCC members during 2023 are detailed on page 14. Throughout 2023 we have been in Vacancy, following the departure of Canon Ashworth in November 2022 and pending the arrival of our future Rector (see below). On the spiritual side, we are immensely grateful to the numerous clerics from across the Diocese who generously gave their time to take our Services. Across the whole year, the number of Services for which we were unable to provide a Priest was in single figures, and we were able to offer the Eucharist at all our 10.45 Sunday Services. Particular thanks are due to our Area Dean Rev Nick Watson, who filled many gaps himself and suggested and often approached surtable names. and to our Church Manager William Jeavons, who kept the diary and made sure that all the gaps were filled and all the arrangements clear. The most heartfelt thanks are due to our two attached Priests Canon Alma Servant and Fr Keith Henshall, who showed great generosty of spirit by taking the bulk of our Services and encouraged, taught and inspired us. Their leadership and guidance was hugely appreciated by our whole congregation. We are pleased to be able to report that both our congregation numbers and our finances have remained stable. Any decline in congregation numbers was more than made up for by the adoption of the church by (among others) a significant number of people in their twenties and early thirties, which we have found extremely encouraging. An appeal to the congregation by our Treasurer and one of our Churchwardens after the Harvest PCC Mission and Objectives To be at the spiritual heart of the vibrant growing city of Manchester. To welcome all who come into our church and let them know they are valued by God, whatever their origin and situation. To proclaim God's kingdom through regular reverent and engaging acts of worship. To attract and support new Christians, helping them to discover and develop their faith, teaching and nurturing that faith at every stage of their spiritual journey. To respond to human need through loving service. To show love for our neighbours by challenging injustice and violence as we encounter them. Page 2
Service reaped its own harvest and contributed greatly to our financial stability. Our Christmas season was if anything even more successful than ever, with a wide range of organisations using our church for their annual celebrations, alongside our own very popular Christmas Services. And the church has remained in demand as a venue for concerts and occasional literary events. Welcoming visitors to our city centre church and making their visit as meaningful and rewarding as possible also remains a vital part of our mission. As part of the process of recruitment the PCC was required to write a Parish Profile, which we found to be both a demanding and rewarding process - a real opportunity to reflect on what matters most to us and how we would like to see our church developing in the future. Part of the process was redrafting our Mission Statement, which is reproduced above. The full Parish Profile can be found on the church's website. our outgoing Treasurer Susan Soanes for her years of service in this role (and many others!) and wish her every blessing in her new church community. We move into 2024 in a spirit of optimism. We are immensely looking forward to welcoming our new Incumbent and are confident that he will build on our success as a city centre church and help us continue to grow and fvlfil our mission as Ambassadors for Christ. Rector Recruitment The PCC asked Andrew Kyle and Martin Gregson - both Churchwardens- to act as Parish Representatives, representing the PCC throughout the process of appointment of our new Rector. Andrew and Martin would like to thank Helen and John Lacy and Sarah Johnston for considerable help in preparing the Parish Profile. which was approved by the PCC at its meeting on 16 May 2023. Following the rules currently in force in the Diocese of Manchester, applications were invited only from clerics within the Diocese. Rather wonderfully, at the Annual Parochial Church Meeting we had five candidates for four Churchwarden posts. Jennrfer Frew, Martin Gregson, Michael Johnson and Andrew Kyle were duly elected and Alan Green stood down. We are delighted to have Martin joining the team. Many thanks are due to Alan for his faithful service, including a lengthy period as Health and Safety Officer. Interviews were held in November 2023. The panel consisted of the Bishop of Middleton. the Archdeacon, our Area Dean and the two Parish Reps. We had a very strong field of candidates, and the panel was unanimous in recommending to PCC the appointment of Rev Adam Robertson, who combines a fresh and lively approach to ministry- and a deep faith - with a very strong non-clerical background in civil engineering and leadership development. Also, at the APCM, we were pleased to be able to appoint a new Treasurer, John Lacy. He has made an energetic and highly effective stsrt and is showing a real determination to make our accounting systems more transparent and to ensure that both PCC and the congregation are as fully informed as possible about the state of the church's finances. We are very gratefvl to Page 3
Rev Robertson's Installation is to take place in March 2024. We are immensely looking forward to welcoming him. Services A more detailed summary appears on Page 15 of this Annual Report. Service numbers and attendance are shared annually with the Diocese for central static collation. Our pattern of five weekly Services - Said Communion at 9 am on Sunday and at 12.15 on Tuesday and Thursday. Sung Eucharist at 10.45 on Sunday and Choral Evensong at 5 pm on Sunday- has continued throughout the Vacancy. In addition, we offered several Services to mark Festivals and other special occasions, notably at Easter, during Advent and over Christmas. As noted above, it is pleasing to report that even during the Vacancy we managed to provide Priests or celebrants for almost all; the very few we missed became offerings of readings and prayers led by our Verger or one of the Churchwardens. We have been supported by more than 20 members of the Manchester clergy community to make sure we have continued to provide a full calendar of services including baptisms and a wedding. Music We are immensely grateful to our Director of Music Alex Rebetge for his exceptional musical contributions to our Services, organ recitals and other aspects of our church life, and for his dedicated and organised approach to running our choir. He writes: 2023 was an exciting and successfvl year for the music department and all involved in music making. I would like to take the opportunity to thank my Assistant Director of Music James Hume, Organ Scholars Saul Knights and George Moloney, Associate Organ Scholar Stephen Aldridge and all the singers of St Ann's Choir for their engagement. It was a huge pleasure working with you all. I would also like to thank the congregation for the support and enthusiasm they show for all musical activities at St Ann's. Con re ation Numbers In January the weekly organ recital series recommenced and has been successfvlly running sin. We have an audience of2040 at each recital, a good start, but also a number which we would like to increase. Each month a recital of improvised organ music, where members of the audience can participate and decide what melodies to base the improvisations on. The total numbers attending Sunday worship during 2023 totalled just over 5,300. Significantly, the average (median) numbers at each service showed no reduction, and in some cases a slight increase over the figures for 2022, despite St Ann's being in vacancy for the whole of the year. This is an achievement reflecting well on both the dedication of the congregation and the Clergy support from throughout the Diocese. This ensured services were held and enjoyed throughout the year. We are also grateful to the Royal Northern College of Music for providing excellent young musicians on the first Wednesday of each month. Page 4
In July we inaugurated a Bach Festival at st Ann's. This was a week of daily recitals Gelebrating the great variety of BaGh's Music (Organ Recital, Flute Solo, Trio Sonatas arranged for chamber orchestra and the Art of the Fugue for piano duet). We managed to attract 40-50 people without extensive advertisement and hope to build on this successfvl test in 2024. of a new Licence to operate were agreed, but this Licence cannot be signed until all the agreed conditions are met, a process which was always expected to take some time. At the year-end. the conditions had not yet been fvlfilled, so we have reserved the right to reopen proceedings should it be necessary to do so- though we have no reason to doubt the good fatth of the operator. When it comes into force, the Licence will be backdated to March 2023. After a break during the summer the choir started again in September. During the first weeks of October, we held two sets of auditions. Out of the 12 candidates that auditioned for the new academic year we invited 6 to join the choir. In the weeks running up to Christmas we gradually extended our repertoire and sang regularly for morning Eucharist and Evensong. Health & Safe St Ann's is a very active church with significant numbers of visitors as well as our own employees, volunteers and others who use the church. The church hosts many activities such as recitals, concerts. church fairs in addition to services and it is the responsibility of the PCC to ensure, so far as is reasonably practicable, that our activities are carried out safely, in accordance with g(K)d practice and any relevant ststutory provisions where they apply. The PCC has overall responsibility for health and safety. Our Health and Safety Officer is Paul Starr. As one of the major churches in Manchester the music department is engaged in educating musicians. After Saul Knights left St Ann s in September to continue his studies in Music at Cambridge, we recruited George Moloney as our new Organ Scholar, who receives weekly organ lessons alongside his studies at University of Manchester. Having an Organ Scholar as well as an Associate Organ Scholar is a huge privilege for us and we would like to thank the Pilling Trust for its financial support. For the fvture the PCC has agreed for the future to the idea of a vocal coaching scheme, where a master s student in vocal studies is invited to improve on their teaching abilities by offering individual sessions for choir members. This scheme is to be implemented byApri12024. Annual maintenance of security, fire and electrical systems continue to be carried out to meet our insurance policy obligations. The PCC will keep health and safety matters under review and will monitor the effectiveness of its relevant policies as well as providing any support and training required. St Andrew's Church ard A rather protracted legal dispute over the commercial use of the disused churchyard of St Andrew's Ancoats was provisionally brought to a conclusion by mediation in March 2023. The terms Page 5
Maintenance Safeguarding and Health & Safety Policies and develop Policies for Complaints. Conflicts of Interest, Equality & Diversity, Use of Social Media & Privacy, General Data Protection Regulations (GDPR) and Emergency Procedures. The church carries out annual maintenance of all essential equipment including PAT testing of electrical items, fire extinguishers, alarmlsecurity systems and gas services. Inclusive Church Minor works and property repairs are carried out by volunteers, Nigel Fowler and Warren Robinson, who provide their professional time for free. Thanks go to them for their time and kindness. St Ann's is a welcoming and inclusive church, and this is obvious immediately a visitor comes through our doors and meets any member of our congregation, clergy, church staff or our wonderful band of volunteers. In November 2023 the PCC made the decision to formally join the Inclusive Churches organisation so that this promise of a warm welcome would be apparent to people who have not ventured through our rather dark and heavy doors but are looking for a safe and non-judgemental place of worship. In taking this step we join our neighbouring churches of Sacred Trinity. Salford and The Ascension, Hulme. Policies In response to recent issues within prominent charities, the Charity Commission is increasingly expecting greater professionalism from trustees and expects to see in all charities a compliance and govemance framework in place. In the annual return to the Charity Commission, charities are asked rf they have written policies covering financial controls. reserves, complaints handling, serious incident reporting, trustee expenses, campaigns and political activity, bullying and harassment, risk management, investment, safeguarding, conflicts of interest, social media, and engaging external speakers. Whilst these policies are not mandatory, they do reveal the Charity Commission's thinking when considering charity govemance. The Inclusive Churches statement below has been added to the St Ann's website as well as a link to their website for more information and resources. It is also on the information point at the back of church and the logo is on our newsletter and added to all written material. The PCC has therefore started to review the core policies that St Ann's is either required to have or would be wise to consider to provide a framework in which our church can flourish. We believe in inclusive church - a church which celebrates and affirms every person and does not discriminate. We will continue to challenge the church where it continues to discriminate against people on grounds of disability. economic power, ethnicity. gender, gender identity, learning disability, mental health, neurodiversity. or sexuality. The PCC has agreed a Financial Policy and updated our Reserves Policy considered by the Charity Commission to be mandatory. Early in 2024 the PCC intends to review the Page 6
We believe in a church which welcomes and serves all people in the name of Jesus Christ; which is scripturally faithful. which seeks to proclaim the Gospel afresh for each generation" and which, in the power of the Holy Spirit, allows all people to grasp how wide and long and high and deep is the love of Jesus Christ and Thursdays. It is actually verified by entries in the Church Register which is kept in the vestry, and this has been used for the section which follows, entitled "Church attendance" Much as this reassures us, it has been particularly heart- warming to see the ways in which new members have become a part of our church community. We are particularly delighted to have more young people, and they are so friendly and willing to join in and to help in taking collections, reading in services, welcoming newcomers and serving tea and coffee, and doing much more ... Safe uardin at st Ann's St Ann's has adopted the House of Bishops 'Promoting a Safer Church, Safeguarding Policy. Accordingly, we have procedures in place to deal promptly with safeguarding allegations or suspicions of abuse. All safeguarding concems or allegations against church officers will be reported to the Diocesan Safeguarding Adviser. Our Parish Safeguarding Officer is Andrew Kyle, a retired teacher with 8 years, experience as a Year Head in a City Centre Secondary School. During our Vacancy, the alternative route for complaints has been directly to the Diocesan Adviser. Contact details are displayed at the back of the church. There are many ways in which we can all join in aspects of the community. and some of these are described in the short reports which follow. We're always glad to have more people helping. so please do come and contribute if you're able to! It can be an enjoyable and happy way to make more friends. Some Examples of Service as a Volunteer Sides ersons and Stewards The Church Communi Martin Gregson writes: A church is a worshipping community made up of people of different ages and backgrounds, and at different points in their journey of Christian faith. A dedicated team of sidespersons ensure that members of the congregation coming to the service, particularly the 10."45 Sung Communion, are welcomed into St Ann's and provided with the day's service sheet. fhey will also help the service run smoothly by guiding latecomers to seats at an appropriate time, taking up the offering and enabling people to come to receive Communion reverently and easily. Since the Covid pandemic ended, it has been very encouraging to see our Church community grow in numbers. This is evident at all regular services: the three services on Sundays, and the midweek services on Tuesdays Page 7
The pool of volunteers is mainly organised into weekly teams (4 teams per month) of 3 or 4 people per weekly team. These teams are supplemented by a number of people willing to help, if required, at short notice. We therefore have a good number of volunteers to cover services but are always happy to welcome others if they wish, initially, to be added to the pool of people to be called upon to cover absences when they happen. and prayerfvl disGussion with the Rector. If anyone feels they would like to become involved in either role, please speak to the Rector. St Ann's Events 2023 Martin Whitehouse vffites: We are currently preparing a handbook to support the work of sidespersons, which we expect to be available during 2024. 'Extemal events, refers to any use of the church premises by third parties from which St Ann s receives a benefrt, from a fee and/or refreshment sales. Both its geographical position and the glorious interior make St Ann's an attractive venue - regular events include concerts. book launches, caml services and Ilming. Indeed, the church may be used, subject to availability and negotiation, by any external organisation whose objectives are not at odds with our own. Readin and Intercessions Roy Needham writes: There are many different ways in which members of the congregation help our church through volunteering," in fact, the life of the church depends upon this form of servi. As well as practical ways to help, some members may feel called to offer readings or prayers of intercession. To take a part in our worship in these ways is indeed a blessing. Both reading and leading intercessions in public worship are wonderful ministries in which to share. Those that lead intercessions have the particular privilege of enabling the rest of the congregation to share in their offering of prayer as they give voice to the concerns, hopes and thanksgiving of our whole community. The rotas for these roles are open for new volUntrs, especially from younger members of the church community. Reading requires only fluency, confidence, and a strong voice,. though leading intercessions is a responsibility which will require cafUl 2023 was the first fvll year since 2019 which was not affected by the COVID pandemic. It remained a challenging year for many organisations, but happily this was not the case for St Ann s. As with other aspects of the church's life, 2023 was a SUCssful year, both in tenns of the number and variety of events and their financial contribution to church fvnds. There were 40 events, including 17 in the ft>urth quarter. A number of organisations used the church building more than once,. we are particularly pleased to have continued to host monthly recitals by students of the Royal Northern College of Music. A big thank you to all who helped in making these events successfvl. in whatever capacity. Looking forward, we should be optimistic, but not complacent, about similar outcomes in 2024. We will also be looking at ways Page 8
of broadening both the range of events and the demographiG of those attending. The long tradition of the Manchester Whit Walks was restarted this year, following a three-year hiatus due to the COVID pandemic. The Walks, started originally in 1801, see both Protestant and Catholic churches merging in a joyous, happy ecumenical occasion supported by various congregations. Stud Grou s at St Ann's Martin Gregson writes: The Lent Group in 2023 based their studies and discussions around "l Thirst" a book written for study by Stephen Cottrell. the Archbishop of York. This was a challenging book thinking around Jesus's sayings from the cross. particularly the one in the title. We consistently attracted more than 12 people to the group throughout the study period which were 5 mid-week sessions before Easter, and one soon after. The book's themes were complex, but the group engaged well with both the book and each other, resulting in an enjoyable and enriching experience. On Monday 29 May 2023, groups from a number of local churches met for the walk of witness to celebrate the birthday of the church. Christians from across the Diocese processed from the Cathedral through the centre of the city to St Peter's Square, where a brief Service was held. and back again. St Ann s was delighted to join churches across the region for the Walks. This joyfvl occasion saw all three of St Ann s church banners carried with pride and flying high, accompanied by the Greenfield Brass Band. As always St Ann's brought up the rear of the prOsSion, ending the Walks with a grand finale. Later in the year, Canon Alma led a three-week course introducing and discussing the main themes which arise in the Gospel of St John. This was held on Sundays after the 10."45 service. Once again this was well-attended and was enjoyed by the members who took part, as we developed our knowledge and understanding of this complex Gospel. Sho Jean Casewell writes: We have a very good range of cards for sale in church including Birthday, Get Well, Baptism cards and many more purchased from the Mothers Union shop. Many of the cards have been created by Ottmar Morett and I would like to thank him for supplying these. The members of the groups carne from different backgrounds in respect of age and life experience and included people from each of the three Sunday services. During the year we also sell Easter Cards and Christmas Cards, advent calendars and other christmas items. Whit Walks Ken Halliwell writes: On the table at the back of the church we sell Bibles, Cross-in- Page 9
my-Pockets, and Caroline Blake s Gook book, which she has kindly donated the proceeds of to St Ann's. church, as I had spoken to a visitor after one of our Sunday services who told me that she was staying in Manchester for the weekend, but she had struggled to find a church that offered Sunday worship in the city. Despite being an important building in the middle of the cty, the reptIoniSt at her hotel didn't know that there was a church nearby. Sunda Caterin Joan Goodwin writes: After our 10.45 Service on a Sunday morning it is very pleasant to have the opportunity to chat and to have tea or coffee and biscuits in a wann and friendly atmosphere. It's also the perfect place to make visitors feel welcome and at ease. Its such a pleasure to provide this little service. So I started an Instagram account (@st.anns.church.mcr) and with each post. l use the hashtags #manchester
manchestercitycentre and *"lovemanchester. It is hard to say
whether any visitors have found the church because of, or despite, Instagram, but our followers are slowly increasing and anything which increases the profile of the church has got to be positive. l also copy the posts over to FabOok and since September, the followers have increased from 617 to 675. Church Flowers Mary Etherington writes." Every Friday morning, with help from Paul. the flower arrangers arrive early in church. Flowers enhance our beautiful church so much and mark the passing seasons. Clare Toft and I have been privileged to provide this service each week for several years now. and also we also make particular arrangements for church members to commemorate occasions that are special to them. William Jeavons and James Hume contribute to our social media presence on Facebook and X, and a special Instagram account regarding the beautiful music at church or any musical events (@music_stannsmanchester) is run by Alex Rebetge. Hopefully the amazing architecture of the church building and our supportive and loving community comes across on social media, which may lead to a growth in our congregation, even if it only grows by that one person who is visiting the city for the weekend. This has been Clare s last year as a flower arranger, and our Rector and Churchwardens thank her for her years of dedicated service and wonderful contribution to the beauty of the church. Social media Caroline Blake writes: In addition to St Ann s main Instagram and Faceljook page, we have started an account for the music at St Ann's which is where we publish our musical work, advertisements and reach out to our musical target group. Thmugh this we hope to raise In September 2023, 1 asked the members of the PCC whether they would agree to me opening an Instagram account for the Page 10
awareness for the high quality of music perfonned on a weekly basis For the Saturday Cafe, their duties include baking cakes at home," serving the cake, hot buttered crumpets and tea and Goffee from 11am until 3pm,. washing up dozens and dozens of plates and cups, while maintaining a welcoming smile. Anyone who has worked in hospitality will know what a challenge that isl The cafe is always busy, but is four times as busy on the day of the Christmas fair, when the volunteers (usually led by Andrew and Sandra) work incredibly hard, not only looking after visitors, but also making sure that the stall holders are kept topped up with hot drinks, which is essential as the winter wind whips through the open doors. A special mention has to be given to Jean, who knits delicate baby clothes. hats and blankets throughout the year and then sells them at the Chnstmas fair. Jean, an ex-warden who has bn coming to the church Sin she was a young girl, manages to raise hundreds of pounds each year. Sandra, too, is another talented member of the church. She not only bakes for and serves at the cafe, but also makes delightful Christmas cushions which are always a sell-out. The church is incredibly grateful to all the volunteers who work so hard in the cafe and at the Chnstmas fair. Thank youl Lad Ann Bland Memorial Service Joyce Burgess writes- On Friday, 14th July, a group from St. Ann s met at St. James, Church Didsbury to honour and to give thanks for the memory of our Founder, Lady Ann Bland, the Lord of the Manor of Manchester. We were honoured to be joined by the Lord Mayor of Manchester, Cllr Donna Ludford The bells, being rung by members of St. Ann s congregation, were pealing joyously as we arrived in the sunshine. The short service was led by clergy of St. James and the address given by Canon Alma Servant. Flowers were placed on the memorial to Lady Ann inside the church, and our prayers included gratefvl thanks for her benefaction in building and endowing St. Ann s Church 310 years ago. The service was followed by lunch at the Didsbury Pub opposite. and the occasion was convivial in every sense. Cafe and Church Fairs Andrew Kyle writes: A large part of our church income derives from our Saturday Cafe and our Christmas fair - usually held on the last Saturday in November. Neither of these would be possible without our army of willing volunteers who give up their precious time each week to help raise money for the church. Outin s and events Jennrfer Frew writes- -In August, a group of twenty-five of us had a very interesting visit to the newly refvrbished Jewish Museum in Cheetham Hill. We made our way there after the morning Servi and we welcomed bwth a vegan lunch and then were able to look around Page 11
the museum and to visit the former synagogue which is now a part of the museum. We were delighted by the welcome and kindness which we received, and were fascinated by the information which revealed the contribution of the Jewish Community to the history of our city in so many ways. In October, Elizabeth Agbettoh arranged another theatre outing for us, this time to see "Hamilton" at the Palace Theatre. Again, a group of twenty-five took part and had beautiful seats in the circle, and had a very happy evening. Thank you to Elizabeth.- Thank you again to everyone who supports St Ann's and our Christian mission in the heart of Manchester. Jennifer Frew, Andrew Kyle. Michael Johnson, Martin Gregson St Ann's, Churchwardens Page 12
Administrative Details Addres5 StAnn's Church St Ann Street Manchester M2 7LF Telephone: 0161834 0239 Insurers Ecclesiastical Insurance Group PLC Beaufort House Brunswick Road Gloucester GL11JZ Website www.stannsmanchester.com Architect Buttress Archttects 41 Bengal Street Manchester M4 6AF Rector Throughout 2023 the church has been in vacancy. In November Reverend Adam Robertson was selected as our new Rector. He will be installed on Sunday 3 March 2024. Solicitor Donna Myers Diocesan Registrar St John's House 155-163 The Rock Bury BL9 OND Church Manager William Jeavons manager@stannsmanchester.com Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Safeguarding Co-ordinator Andrew Kyle safeguarding.stannsrnanchester@gmail.com Charity Registration St Ann's PCC is Registered Charity Number 1136159 Independent Examiner Eric Langer, Langer & Co. Chartered Accountant ststutory Auditor 8-10 Gatley Road Cheadle Cheshire SK8 1 PY Page 13
Membership of the Parochial Church Council The following members served during the year: The Parochial Church Council is a registered charity no 1136159. Clergy clergy licensed by the bishop serve 'ex-officio'. The church has been in Vacancy during 2023 Churchwardens up to four Churchwardens are elected for each 12-month term Jennifer Frew Michael Johnson PCC members are trustees of the charity. Its work is set out in the Parochial Church Powers measure 1956. PCCS work in co-operation with their Rector Martin Gregson Andrew Kyle Deanery Synod Members Term of office 2023 -2026 Stacy Fox-manning Martin Gregson Andrew Kyle In promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical" Elected Members serving until the APCM of 2024 Sarah Johnson, Paul Starr, Martin Whitehouse Elected Members serving until the APCM of 2025 Ken Halliwell, Helen Lacy, Alex Rebetge Elected Members serving until the APCM of 2026 Caroline Blake, James Hume, John Lacy Page 14
Appointments Vice Chairman Jennifer Frew PCC Secretary St Ann's is not only an important building, but it is a worshipping community of Christians. Stacy Fox-manning PCC Treasurer John Lacy Electoral Roll Officer Michael Johnson Health & Safety Officer Paul Starr Safeguarding Officer Andrew Kyle We are grateful to be able to gather together again. Church Manager William Jeavons Bookkeeper Alison Steadman This year, we have seen a welcome return to a greater sense of normality. Verger Paul Campion Director of Music Alexander Rebetge Assistant Director of Music James Hume Thank you to everyone who has continued to give their financial support during this time. Pilling Trust Organ Scholar George Moloney Associate Organ Scholar Stephen Aldridge Page 15
Sunday Attendance The church keeps a record of attendances at services. These graphs present total Sunday attendances over a twelve-year period with the average annual attendance for the three different Sunday services. Total Annual Sunday Attendance Over the years to 2019 were total annual attendances at the usual Sunday services in St Ann's averaged 7.000 to 8,000. The majority of these are for the 10.45 am service whilst the evening service and the 9.00 am Servi are less well attended. Median Annual Sunday Attendance The median attendance values on Sundays for each of the last ten years show a downward trend over the last three years. The median average value was chosen to avoid distortion the figures with occasional very well attended services like those running up to Christmas. The median value represents the middle value if the congregation count for every service that went ahead was ranked in order of size. Median Annual Sunday Congregation Numbers The total aggregated service attendance dropped massively in 2020 due to five months of not being able to hold services in the church. It has recovered somewhat up to the period at the end of 2023, though not yet retuming to pre-covid times. The totsl increased by 30¥0 from 2021 to 2023. Significantly, there was no reduction in congregation numbers during the 12 months of Vacancy in 2023. 13) Ico 20 Annual Sunday Congregation Numbers 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 9,CilO gam la45am 5p TOTAL 7XQO Conclusions Median figures for the total numbers and figures for the individual Sunday services show a small increase during 2023. This measure of average numbers has been chosen as that which ignores the very large and very small figures at special times of the year. While the figures for individual services are not back to the levels experienced during the 201 Os, the 2023 numbers, particularly those for Evensong, have risen to be close to those in 2019. 6.(X)O 4,OJO 3.alo 2.100 i.ff>o 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2(Q2 2C123 lQ453m TOTAL Page 16
Financial review Expenditure Unrestricted Funds. The PCC is responsible for overseeing the finances of the church and making key decisions about matters which have an impact on income and expenditure. Day-to-day business is devolved by the PCC to the Treasurer and the Bookkeeper. by agreeing a budget for the forthcoming year and then reviewing spending under its budget categories in detail every few months. Totsl expenditure for the year was £154,338 (2022:£121,580), the increase reflecting our commitment this year to pay our parish share (£61 k) in full (in 2022 £33,750 was paid towards our parish share). Stsff costs of £54k reflect the return to normal working hours. We negotiated a fixed-price gas contract during 2021 for three years which has protected us from the rise in energy costs following the invasion of Ukraine. For electricity we had to renew at market rates. Income Total income on unrestricted funds for the year was £154,107 (2022:£147,674). Donations have increased on 2022 by around £1 OK: This year we received £106,427 (2022:£97,782) and donations received in church, church boxes and candlestsnds saw a £5K increase on 2022. Increasing Café Refreshments and Retail costs reflect the increase in numbers using church this year. Restricted funds Fundraising activities increased from 2022 £18,287 to £34,771- fantsstic achievement reflecting a successful church fair and a huge effort from the Saturday café team. Revenues are back to the c£35k pre-pandemic levels. See Page xi for Fund balances and income received. Of note, we continue to benefit from the annual grant from The Pilling Trust Fund for £9,300 for the Music activities in Church. Expenditure Highlights A giving campaign in August 2023 resulted in a generous response and uplift in regular giving from the congregation. Organ fund - maintenance costs of £1,027. Music fund - £7,083 towards musician and music costs. Land and Property fund - £11 OK for legal fees relating to the Churchyards. Page 17
Risk review and reserves policy The PCC has considered key risks around the stewardship of a Grade I listed church building, the health and safety of worshippers and members of the public using the building and the financial challenges associated with the economic climate and Its effect on sources of income. In preparing these financial statements. the trustees are required to: Select suriable accounting policies and apply them consistently Observe the methods and principles in the Charities ststement of Recommended Practice (SORP) Make judgments and estimates that are reasonable and prudent State vthether applicable accounting standards have been followed, subject to any material departures discSosed and explained in the financial statements; and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charwty will continue in business. Financial Reserve Policy The PCC. in line with Charity Commission requirements. recognises the need to have a target for free reserves to cover the following contingencies- 1. Up to three months. PCC expenditure in a 'nomial' year {£13000 pa). to enable the PCC'S activities to be scaled down in a 'disaster scenario,, rounded up to £40.000. 2. Provision for forthcoming boiler and fabric needs of an addttional £30,000. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitses. Approved by the membets of the PCC on 2* April 2024 and signed on their behalf by Therefore, the PCC now assesses its reserve requirement at £70,000. At 31st December 2023 there was a General Fund balance of £83.675 Statement of Trustees, responsibilities The trustees are responsible for preparing the Trustees. Annual Report and the financial ststements in accordance wth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). I Yrf The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. Jennifer Frew, Wice Chairman Page 18
IEidependent Fxanifjer's È eport to tba rriesE nn's bers of St I have no concerns and have come across no other matters in connedion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. I report on the accounts of the Charity for the year ended 31 December 2023. Responsibilities and basis of report As the charTty trustees you are responsible for the preparation of the accounts in accordance wtth the requirements of the Chartties Act 2011 (Yhe Act.). 2 Adfflaj Ao2t I report in respect of my examination olthe Charyty's accounts carried OLrt under section 145 of the 2011 Act and in carrying OLrt my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Eric Langer, Bsc FCA Chartered Accountant Independent Examiner 8-10 Gatley Road Cheadle Cheshire SK8 1PY Date: Independent examiner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the exafflination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act. or the accounts do not accord wtth those records- or 2. the accounts do not accord with those record5- or 3. the accounts do not comply wwth the applicable requirements conceming the form and content of accounts sel out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. Page 19
Parochial Church Council of St Ann's, Manchester- STATEMENT OF FINANCIAL AcfiviTIES for the year ended 31st December 2023 2023 Urnestricted 2023 Restrirted 2023 2023 TOTAL 2022 Unrestrirted 2022 Restrirted 2022 Endowment 2022 TOTAL Note Ern%)wment INCOME FROM l Donors at Church 11 Outside Donors 111 FurKlrdising Activities IV Charitable Acivttses V Investment Income 106,427 1,425 34,771 857 265 106.692 10.725 34,771 857 97.782 17.504 1.364 9.300 99,146 26.804 18,287 5,091 11.353 9.300 5.091 9.170 147A34 10.627 154,107 3.793 13.358 14.420 167A65 2.183 12.847 TOTAL INCOME EXPENDITURE ON Vl Grants and Mi5si¢)n Givir Vll Charitable Activities Vlll Fundrdising Costs IX Church Administration TOTAL EXPENDITURE 25 3.399 114.655 3.424 256.925 5.068 6,975 2n392 25 2,550 31.508 2,575 145,495 (2,247J 9,815 142.270 113.987 (2,247J 9,815 1580 6,975 154,338 I,054 34058 NET INCOME I IEXPENDITUREI BEFORE INVESTMENT GAINS I ILOSSESI GAINS I ILOSSESI ON INVESTMENTS 12311 1104.6961 1104.9271 32,226 26.254 {2L211J 5,043 {43,644J 32.226 (43.644) NET INCOME I {EXPENDITUREI (231) 32226 (74701) 26254 1212lJJ (38 601) TRANSFERS BETWEEN FUNDS NET MOVEMENT IN FUNDS 12311 1104.6961 32,226 172.7011 26,254 121,211) {43.644J 138,601} BALANCES BROUGHT FORWARD 83.996 163,275 330,385 577.656 57.742 184,486 374,029 616,257 BALAN CARRIED FORWARD 83.765 58579 362.611 504.955 163275 330.385 577,656 The notes on pages iii to xiv form part of these accounts. Page i
Parochial Church Council of St Ann's, Manchester- BALANCE SHEET as at the year ended 31st December 2023 2023 2G23 2023 TOTAL 2022 2022 2022 Endthvment 2022 TOTAL FIXED A55Ers Investments 362,611 362.611 376.111 376.111 13.5CKI 330,385 330385 343W5 343885 CURRENT ASSETS Stock Debtors Cash at Bank 144 13,364 232,907 246N15 144 12A40 67,512 80,4% 4,860 67.783 1.569 57,010 S879 6.429 124.793 IA06 524 165,395 165?19 cREDoR$- due within One Year Atcruals and other creditors 2.562 2,562 1562 iO,(KX) 12,644 OJRRENT ASSETS 70265 58579 70A96 16327S 233,771 NET ASSETS 83.765 58579 361611 504P55 163275 330,385 577,656 FUNDS Unstrirted Restrirted Endowment 83.765 83.765 58.579 362.611 ,955 83.996 83396 163,275 330,385 577,656 9b 9c 58,579 163.275 362.611 362fill 330.385 330,385 83,765 5&579 163275 Approved by the Parochial Church Council on 22 April 2024 Adam Robertson - Rector Jennifer Frew- PCC Vice Chair The notes on pages iii to xiv form part of these accounts. Page it
Parochial Church Council of St Ann's, Manchester - Notes to the financial statements for the year ended 31st December 2023 1. Accounting Policies The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied throughout the year. Basis of preparation and assessment of going concern. The financial statements have been prepared on an accruals basis in accordance with the Church Accounting Regulations 2006 together with applicable UK accounting standards. the Charites Act 2011 and the SORP 2015. The financial statements have been prepared under the historical cost convention except for the valuation of investment 35sets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. Fund accounting Endowment Funds are funds, the capital of which must be maintained- only income arising from investment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established. Restricted Funds represent lal income from trusts or endowments which may be expended only on those restricted activities provided in the terms of the trust or bequest, and Ib) donations or grants received for a specific purpose or invited by the PCC for a specific purpose. The funds may only be expended on the purpose for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund. The PCC does not normally invest separately for each fund and. when necessary, interest is apportioned to individual funds. Unrestricted Funds are general funds which can be used for PCC ordinary purposes. Incoming Resources Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts. All other income is recognised when it is received. All income is accounted for gross. Resources expended Grant5 and donations are accounted for when paid over, or when awarded, if a binding obligation on the PCC exists. Amounts received and subsequently expended specifically for mission are dealt with a5 restricted funds. The parish share is accounted forwhen payable. No provision is made for any parish share which may be requested but is unpaid by the date the Diocese closes its records for a particular year. All other expenditure is generally recognised when it is incurred and is accounted for gross. Fixed Assets Consecrated and benefice property is not included in the accounts as set out by s.10 of the Charities Act 2011. Moveable church furnishings held by the Rector and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property. listed in the Church inventory. All such expenditure h35 been written off when incurred. Administrative equipment used within the church premises is included in fixed assets if the cost exceeds £2,000 otherwise it is written off in the year as consumables. Fixed assets are depreciated on a straight-line basis overthe estimated useful life, usually at 25% pa. Investments Investments are valued at market value at 31st December each year. Stocks and work in progress Stock is valued at the lower of cost and net realisable value. The members are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Page iii
Parochial Church Council of St Ann's, Manchester - Notes to the financial statements for the year ended 31st December 2023 2. Income 2023 2023 2023 Unrestricted Restricted Endowment 2023 Total 2022 2022 2022 Unrestricted Restricted Endowment 2022 Total l Donors at Church Planned Giving gift aided Planned Giving non-Gift Aided Other giving - Gift Aided Other giving Tax Recoverable Col lections at Services Church Boxes and Candlestands 28,272 768 13,118 25,951 10,294 10.532 17.492 106A27 28.272 31,462 762 13.662 17,077 11.316 7,767 15,736 97,782 31.462 762 14,232 17,077 12,110 7.767 15.736 99,146 13.118 25.951 10.294 10,797 17.492 106.692 570 794 265 265 1.364 11 Outside Donors Church of England Energy Grant Pilling Trust Lpw VAT Scheme. Legacies 11 Outside Donors Total 330 330 9,3(Kl 1,095 1.250 1.250 9,300 1.553 14.701 26.804 9,3LX) 9,300 1.095 1,553 14,701 17,504 1.425 9,300 10.725 9.300 *The Listed Places of Worship ILPW) VAT Scheme gives grants that cover the VAT incurred in making repairs to listed buildings in use as places of worship. The PCC receives these funds as a reimbursement of VAT paid on eligible expenditure. Other Grants received 2023: £9630 (2022: £10,550) Page iv
Parochial Church Council of St Ann's, Manchester - Notes to the financial statements for the year ended 31st December 2023 2. Income (cont) 2023 2023 2023 Unrestricted Restricted Endowment 2023 Total 2022 2022 2022 Unrestricted Restricted Endowment 2022 Total 111 Income from fundraising activities Recitals and Events Café Refreshments Retail Church Fairs 111 Income from fundraising activities Total 12.637 18,924 3.210 34.771 12,637 18.924 3.210 34.771 6,524 11.053 710 18,287 6,5Z4 11.053 710 18.287 IV Income from Charitable Activities Facil ities Fees Statutory Fees - weddings and funerals IV Income from Charitable Activities Total 371 486 857 371 2,595 2,496 5.091 2,595 2.496 5.091 857 V Investment Income Dividends - Ecclesiastical investments V Investment Income Total 10.627 10.627 3.793 3,793 14.420 14.420 9.170 9,170 2,183 2,183 11.353 11.353 TOTAL INCOME 154.107 13.358 167,465 147.834 12.847 160,681 Page v
Parochial Church Council of St Ann's, Manchester- Notes to the financial statements for the year ended 31st December 2023 3. Expenditure 2023 Unrestricted 2023 Restricted 2023 Endcwment 2023 Totsl 2022 2022 2022 Unrestrirted Restiyrted Endowment 2022 Tot171 Vl Grdnts and Mission Giving Pilling Scholars / music grants Church organisations and charities Vl Grants and Mission Giving Total 3.399 3,399 1.550 1,550 1,025 Z575 25 25 25 3.399 3.424 2.550 vtl Charitable Activities Ministry- Parish Share aergy- Expenses Rectory Council Tax and expenses Church Electricity/Gas/Water Cleaning / hygiene Minor Repairs / Servicing Organ Maintenance Choir / Music Parish Training and Mission Insurance 60.750 60.750 33.750 1,165 2.668 7,133 2,668 7,133 380 7,542 194 5.706 7,S42 194 5,706 1,027 717 9.185 2,316 2,219 320 79 1,027 717 2,219 320 139 8.932 1.247 8,932 1.247 Security Church SeNices Legal Fees stsff Costs Wages and Salaries Direttor of Music and assistant fees Vll Charitsble Artivities Totsl 2,036 114 109.945 109.945 24,000 54.094 1.361 142.270 41,175 6.579 113,987 41,175 9,039 145.495 2.566 114.655 3,927 2S6,925 2,460 31.508 Page vi
Parochial Church Council of St Ann's. Manchester - Notes to the financial statements for the year ended 31st December 2023 3. Expenditure (cont) 2023 2023 2023 Unrestricted Restrirted Endowme 2023 Total 2022 2022 Unrestiycted Restiyrted 2022 2022 Trtol Endowment Vlll Fundraising Costs Café Refeshments and Retail Flower Stall Contactess Gimng / Envelope Scheme Cost of Events inc Performing Rightsl Vlll Fundraising Costs Total 3.347 3.347 1761 (4,731) 723 1.761 (4.731) 723 972 972 749 5.068 749 5,068 (2247) {2 247) Xl Church Adrninistration Printing Stationery Postage Telephone Computer Software Licences Sundries Ba nk Charges Accountancy I Independent Examination Xl Church Administration Total 2.078 437 2.078 437 2.609 305 2,609 305 426 426 371 6,530 9.815 371 4,034 6.975 4,034 6.975 9,815 TOTAL EXPENDITURE 154.338 118.055 272,393 121.580 34.058 155.638 4. Staff Costs 2023 2022 Wages and Salaries Pension National Insurance Director of Music & Assistants Fees 50024 4070 38124 3051 3927 58021 9039 50214 The PCC ernploys a verger. Churth manager and Dire¢tor of Music. A PAYE $drne is operated forthese staff. Member5 of the PCC receNe no remuneration foracbng as such. One Trustee receNes a fee for the position of Assistant Director of Music and other music seiceS they provide 2023.. £4.22412022.. £4.7651. Expenses paid to the trustees in the year totslled £86412022-£1.6981. 3 trust We reimbursed. Due to the interregnum between Rectors in p05L there were no Clergy expenses in 2023.12022-£1,1651. .2023 £86412022-E5331 were reimbursed to 3 trustees to pay for materials and iterns for church activities. Page vii
Parochial Church Council of St Ann's, Manchester - Notes to the financial statements for the year ended 31st December 2023 5. Fixed Asset Investments 2023 Unrestricted End(wment 2023 2023 Total 2022 2022 Unrestrirted Endowment 2022 Total Market Value 1st January Acquisitions Net Gai ns / IL055es} on revaluation Market Value 31st December 13.500 330,385 343.885 13.500 374.029 387,529 32,226 362.611 32.226 376,111 (43,644) 330.385 (43.644) 343,885 13.500 13.500 Investments are held as follows
Units held
at year end Value Per Unit 2023 2023 Unrestricted Endowment 2023 Totsl 2022 Unrestricted 2022 Restrirted 2022 Total National Samngs Income Bonds CCLA Church of England Funds: CBF Investment Fund Income Shares COIF Investment Fund Income Shares Income Funds Accumulation Shares 13500 13,500 13,500 13,500 7970 2260.53CKJ 19.8450 180.164 167.206 15,241 362.611 180.164 167206 15.241 376.111 164,548 152,918 12.919 330.385 164.548 152 918 12.919 343.885 8425.58 2623.78 5.8089 13.500 The PCC has charitable endowments derived from two closed registered charities, The Manchester St Ann's Educational Foundation (also known as St John's Educational Trust) and The Charity of Eleanora Atherton. Income from the investments related to the Educational Foundation former charity are used for educational purpose5 Within the parish and income from the investments related to the Atherton Charity are available for the general purposes of the PCC. The PCC is also the beneficial trustee of an endowment charity deriving from two schools of former city centre parishes. This is the St Ann Ecclesiastical Charity. The Diocesan Board of Finance has the role of Custodian Trustee. Further details regarding the endowment funds are given in note 9c on page xi Pageviii
Parochial Church Council of St Ann's, Manchester - Notes to the financial statements for the year ended 31st December 2023 6. Current Assets 2023 Unrestrirted 2023 Restricted 2023 Endowment 2023 Tota 2022 Unrestrirted 2022 Restrirted 2022 2022 Total Endowment Stocks G ifts/Cards supplies 144 Debtors Income Tax recoverable Other Income Receivable Total Debtors 2,576 2,284 4,860 2,576 3,853 6.429 3.561 9.279 12,840 3,561 9,803 13,364 1,569 1,569 524 524 Bank 67.783 57.010 124,793 67.512 165,395 232,907 TOTAL CURENT ASSETS 72.827 58,579 131,407 80,496 166.443 259,779 7. Liabilities - due within one year Accruals and Deferred Income PAYE/NI Pension Fund TOTAL CURRENT UABILITIES 1,963 1,963 9,341 11,985 599 2.562 599 2,562 659 10,0 659 12,644 8. Analysis of Net Assets by Fund Fixed Assets Current Assets Current Liabilities 13,500 72,827 (2,562) 83,765 362,611 376,111 131,406 12,5621 504,955 13.500 80,496 (10,000) 330,385 343,885 246,415 (12, 644) 577,656 58,579 165.919 (2,644) 163.275 58,579 362,611 330.385 Page ix
Parochial Church Council of St Ann's, Manchester - Notes to the financial statements for the year ended 31st December 2023 9a Unrestricted Funds INCOME l Donors at Church 11 Outside Donors 111 Income from fundraising activities IV Income from Charitable Activities V Investment Income 106,427 1,425 34,771 857 10,627 TOTAL INCOME 154.107 EXPENDITURE Vl Grants and Mission Giving Vll Charitable Activities Vlll Fundraising Costs IX Church Administration TOTAL EXPENDITURE 25 142,270 5,068 6.975 154.338 NET INCOME/EXPENDITURE (231) TRANSFERS IN / (OUT) BALANCES BROUGHT FORWARD 83.996 BALANCES CARRIED FORWARD 83.765 Page x
Parochial Church Council of St Ann's, Manchester - Notes to the financial statements for the year ended 31st December 2023 9b Restricted Funds Choir Support Education & Training Land & Property Exterior Fabric Organ Music Homeless Flowers Heating Decorating Total INCOME l Donors at Church 11 Outside Donors 111 Income from Fundraising Activities IV Income from Charitable Activities V Investment Income TOTAL INCOME 45 220 265 9,3 9.31XI 76 121 445 9.745 307 307 26 246 1.081 1.486 45 39 39 3,793 13,358 45 EXpENDuRE Vl Grants and Mission Giving Vll Charitable Activites Vlll Fundraising Costs IX Church Administration TOTAL EXPENDITURE 3,999 3,683 3,999 114,655 1.027 109.945 1,027 109.945 118,654 NET INCOME I EXPENDITURE 19061 2,063 307 246 1,081 1108.4591 45 39 1105,2961 TRANSFERS IN/OUT NETMOVEMENT IN FUNDS 19061 2.063 307 246 1.081 1108,4591 45 39 {105.2961 BALANCES BROUGHT FORWARD BALANCESCARRIED FORWARD 4,544 16,719 10.817 670 5.769 11,137 110,765 1.521 1,333 163.276 18,783 li,4 916 650 IIA25 2306 1,373 57,980 Page xi
Parochial Church Council of St Ann's, Manchester - Notes to the financial statements for the year ended 31st December 2023 9c Endowment Funds The PCC is Beneficial Trustee of an endowment charity deriving from two former city centre parishes, St Peter's and St Matthew's, which was created by a Charity Commission Scheme in the 1990s. The object of the fund is ' furthering the religious and other charitable work in the Parish" During 2021, the Charity Commission gave its permission for a portion of this endowment to be released to be used by the PCC for restricted purposes in relation to land and property. During 2020 the PCC became the beneficial owner of the assets and took over the charitable purposes relating to two former charities, The Manchester St Ann's Educational Foundation (also known as St John's Educational Trust) and The Charity of Eleanora Atherton. The PCC undertook to preserve the value of the charities and preserve the names within its accounts. These are endowment funds, where the capital is invested to generate income. Income from the Educational Foundation is restricted to educational purposes within the parish and income from the Eleanora Atherton Charity is available for the general purposes of the PCC, i.e. is unrestricted. StAnn's Eccesiastical Charity 147,332 15,079 162,411 Stjohn's Educational Trust Eleanora Atherton Trust Total Balance at 1st January Ga ins (Losses) on investments Balance at 31st December 30,135 2,860 32,995 152,918 14,287 167,205 330,385 32,226 362,611 Page xii
Parochial Church Council of St Ann's, Manchester - Notes to the financial statements for the year ended 31st December 2023 9d Summary of Restricted and Unrestricted Funds The General Fund represents the amounts available to the PCC to meet its ongoing obligations, based on the assumption that restricted funds and designated funds are not available for general use. In accordance with recommended practice for charities, the PCC aims forthe General Fund to retain monies representing its financial reserve (see page 131. The PCC now assesses its reserve requirements at £70.OCrf). At 31st December 2023 there was a General Fund balance of 83,765. Designated Funds From time to time the PCC receive income which is not restricted to prescribed uses but which it considers should be used for a specific project. Year-end balances are carried forward for future projects. Restricted Choir Support Fund This fund was opened in 2021 to manage a donation received to support the ministry of St Ann's choir, specifically for music and the provision of equipment. Restricted Decorating Fund Donations and other income were received in prior periods relating specifically to decorating church and maintaining church furnishings. The balance of the fund at year end is carried forward. Re5trirted Education & Training Fund Investment income from the St John's Educational Trust Endowment Fund is available to support educational projects. Restricted Exterior Fabric fund A legacy from the late Ruth Gee established this fund 'for the maintenance & repair of the exteriorfabrid. The balance of the fund at the end of the year is carried forward. Restricted Flower5 Fund Donations are received specifically towards flower costs. The balance of the fund at the end of the year is carried forward. Restricted Heating Fund Donations received towards the cost of heating repairs will be carried fonvard until there is sufFicient to pay for the project. Restricted Homelessness Fund Variou5 grants and donations are received to support homelessness projects. Any balance of the fund at the end of the year is carried forward. Restricted Land and Property Fund During 2021, with the approval of the Charity Commission, the PCC released funds from the Ecclesiastical Endowments to support expenditure related to land and property. Restricted Music Fund Donations. grants and other income is received specifically towards running costs of the choir and music services. including grants from the John Pilling Trust to fund organ scholars and other musical activities. The balance of the fund at the end of the year is carried forward. Restrirted Organ Fund Donations and other income is received relating specifically to maintenance of the organ. Funds are retained for future costs of a major cleaning project. Page xiii
Parochial Church Council of St Ann's, Manchester - Notes to the financial statements for the year ended 31st December 2023 10 PENSION SCHEME St Ann's PCC participate5 in the Pension Builder Scheme section of the Church Workers Pension Fund (CWPF) for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers. The Fund has two sections:111 the Defined Benefits Scheme, and121 the Pension Builder Scheme. which has two subsections: a) a deferred annuity section known as Pension Builder Classic, and, b) a cash balance section known as Pension Builder 2014. Pension Builder Scheme Both sections of the Pension Builder Scheme are classed as defined benefit schemes- Pension Builder Classic provides a pension. accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added. depending on investment returns and other factors. Pension Builder 2014 is a cash balance scheme that provides a lump sum which members Use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account. plus any bonuses declared is payable. unreduced, from age sixty five. There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs on page vi are the contributions payable (2023- £4070, 2022- £3,051). A valuation of the Pension Builder Scheme is carried out On every three years. The most recent valuation was carried out as at 31st December 2022. For the Pension Builder Classic section, the valuation revealed a deficit of £4.8m on the ongoing assumptions used. At the most recent annual review. the Board chose to grant a discretionary bonus of 3% followin8 improvements in the funding posltion over 2021. There is no requirement for deficit payments at the current time. For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions used. The legal structure of the scheme is such that if another employer fails, the PCC could become responsible for paying a share of the failed employerfs pension liabilities. The actuarial valuation at 31st December 2022 specifically for St Ann's PCC. stated that the assets were greater than the estimated cost of securing the benefits and therefore no cessation debt would have been payable to PB Classic had St Ann's Church ceased participating. 11 POST BALANCE SHEET MAThER Mediation regarding St Andrew's churchyard has been concluded subject to faculty agreement and the issuing of a new licence for use. Rental of £15,000 pa is due from this churchyard from March 2023 onwards but will only be realised once the license is issued which in tum can only be issued when the two faculties we have applied for are approved by Manchester Diocesan Consistorial Court and remedial work by the tenant is complete. Any outstanding churchyard income will therefore be payable in 2024. Any further expenditure on outstanding legal fees for 2024 and beyond will be met out of churchyard rental and current funds. Page xiv