STrFr/L£ PARISH OF ST PETER'S, HALLIWELL A Registered Charity No: 1138035 FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 310ECEMBER 2023 INCUMBENT." REVEREND ALAN SAUNDERS ONE PARISH- ONE CHURCH- ONE VISION "TRANSFORMING BOL TON TOGETHER IN JESUS, NAME"
PARISH OF ST PETER'S, HALLIWELL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 PAGE CONTENTS Report of the PCC Independent Examinerfs R8POrt Accounting Poliaes Consolidated Incomé and Expenditure kn¢ount Statement of Financial Activities Balance Sheet Notes to the Financial Statements
PARISH OF ST PETER'S, HALLIWELL Rf PORT OF THE PCC FOR THE YEAR ENDED 310ECEMBER 2023 1. BACKGROUND, STRUCTURE, GOVERNANCE AND MANAGEMENT The Parish of St Peterfs, Halliwell. comprises four fellowships meeting in.. Sl. Peterfs Church, 419 Church Road, Bolton. BL15RR Hope Centre at st. Andrew's. Tattersall Avenue, Johnson Fold Barrow Bridge Mission, Barrow Bridge Road Smithills Fellowship, The Chapel of Smithills Hall and St Peterf$ Smithills Dean Church of England Primary School Each of the four churches ha5 its own Leadership Team to deal wrth matters particularly conGerning its own fellowship. The Leadership Teams are Sub-committees of the Parochial Church Councll. With the exception of St Peter's, 8ach fellowship holds its own Annual General Meeting and issues its own Annual Report. By the Parochial Church Council {Powers) Measure 1956 the PCC is required to co-cperale with the Minister of the church in promoting in the parish the whole mission of the Church. pastoral, evangelistic, social and ecumenical - this the PCC continues to do very readily. Bankgrs." Each fellowship banks with the Royal Bank of S¢otland Funds are also held with the Central Board of Finance and CAF Bank L8galAdvisor Jane Monks (Diocesan Registrar) Independent Examiners DonneltyBentley, Chartered Accountants and RegiSted Auditors Parish Office.. St Pete¢s Parish Centre 347 Church Road, Bolton, BL15RR The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a registered charity. The PCC members, as shown in note 2 are responsible for making decisions on all matters of general concem and importance to the parish, including decisions on how the funds of the PCC are to be spent. New members receive initial training into the workings of the PCC.
PARISH OF ST PETER'S, HALLIWELL REPORT OF THE PCC FOR THE YEAR ENDED 31 DECEMBER 2023 2. MEMBERSHIP Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting. (APCM) in accordance with the Church Represèntation Rules. During the year the following served as members of the PCC: Members on PCC fmm 25 April 2023 to 24 April 2024 Rev. A. Saunders Rev. D Brae (stepped down April 2023) S. Brierley (stepped down April 20231 C. Ward P. Caffrey D. Cieszynski J Mort (stepped down April 2023) S. Walsh M. Peake C. Ward B. Johnson J. Johnson S. Johnson P. Weav8r C. Saunders D. Caffrey H. Stainthorpe E. Winstanley P. Gray D. Ball C. Rigby D. Starkie C. Hargraves Members on PCC from 25 April 2022 to 24 Aprll 2023 Rev. A. Saunders (from September 2022) M. Peake A. Blea8e C. Ward P. Caffrey D. Cieszynski L. Foster (stepped down January 2023) S. Walsh Rev. D Brae S. Brierley B. Johnson J. Johnson S. Johnson P. Weaver C. Saunders D. Caffrey H. Stainthorpe E. Winslanley P. Gray J. Mort C. Rigby D. Starki8 C. Hargraves D. Ball A number of members also take part in Deanery affairs. 3. PUBLIC BENEF We have referred to the guidance in the Charity Commission's general guidance on publiG benefit when reviewing our aims and objectives and in planning our future activities. In particular, the members have Considered the activities of the Church and the Review of the year, and assessed their future plans. They are satisfied that the criteria for public benefrt are compreh8nsively achieved.
PARISH OF ST PETER'S, HALLIWELL REPORT OF THE PCC FQR THE YEAR ENDED 31 DECEMBER 2023 4. REVIEW OF THE YEAR Overall, parish wide consolidated income in 2023 decreased by £33k when compared to 2022 income. This decrease can mainly be explained due to building related grants rèceived in 2022 and once the impact of these is removed from the analysis, the picture is more positive. One of the more encouraging statistics is the increase of £17.7k in voluntary offerings and donations when compared to 2022. Income totalling £16.5k was generated from use of buildings across the parish. This is £3k less than income generated in 2022. This decrease is due to the loss of Zaks after school club at the Parish Cenlre. This loss has been offset by the significant increase in income generated from the hire of Barrow Bridge Mission, a total of£6.2K for 2023. The us8 of pansh buildings by community groups conlinues to be a great way to build up our engagement with the local community and we are confident that we will see an increase in this figure during 2024. Parish wide expenditure has increased by £36k when compared to 2022, after removing the corridor project expenditure from the analysis. This is mainly due to the following increases.. an extra £3.7k on VIGarage maintenan, an extra £15k on church maintenance, £11.8k on the parish Quinta weekend away which is offset by the income received. and £4k on missionary and charitable giving. As a result of the faithful and regular giving by God's generous people, we have been able to meel our obligations in many area5, including some mu¢h needed building maintenance, and contributed £11 Ok towards the diocese parish share request of £170k. During 2023. financial support for St Peter's National and International Ministry (NIM} team totalled £40.5k in offerings and donations. including gift aid. This income was £2K lower than the previous year, but due lo cash reserves. we were able to fully support our missionary commrtments with the same level of expenditure as 2022. It is encouraging that across the parish we were able lo support missionaries, both local and intemational, with outgoings of £77K. This Is testimony to the generosity of the people of St. Peters Parish and our commiiment to support this vital work, sharing the good news of Jesus to those who have not heard. The monthly standing order donations to support the parish CAP Debt Centre cover two thirds of the full cost of this ministry. The impact of prior fundraising work and grants reoived 15 now diminishing and our regular donations will only continue to fund the ministry till December 2024. We have recently applied for a number of grants to increase the fund for this important work across the Parish and are in faith that these will be forthcoming to sustain the CAP Centre for many years to come. The YoLrth minister fund had a cash balance of £22.2k at the year end. December 2023. This is due to the continued generous donations from 22 members of our parish. With existing monthly donations continuing, the parish now has funds to employ a part time children's worker for over 3 years. The parish and PCC are praying for the right candidate to take up this post once advertised. Income of £6.9k was received for the Repair and Build fund. There remains one payment outstanding forlhe corridor project.. the 5Q/o retention monies. This has Still not been paid due to ongoing issues with the staining of the outside door handles. At the end of 2023. the balance held in the fund amounted to ¢£23.9k. This is sufficient to cover the retention monies and leave c£15k towards the next project which will be a PCC decision in line with the original fund objectives.
PARISH OF ST PETER'S, HALLIWELL REPORT OF THE PCC FOR THE YEAR ENDED 31 DECEMBER 2023 The Diocese has requested a parish share contribution of £178.5k for 2024- this is an immense challenge for any church. The PCC have committed to contribute £110k towards the parish share, but with the challenging economic situation and our own building maintenance requirements, this leaves us with a forecast budget deficit of c£24k. We look to our faithful heavenly father to continue to bless the church finances and give wisdom to the members ofthe PCC to steward our resources effectively, honouring the sacrificial giving of many people across the parish. We give thanks and praise for our Lord's provision during 2023 and pray that in the year ahead we may individually respond to the Lord's call on our lives and our resources in our mission to transfom) Bolton together in Jesus, name. It is a privilege to serve the Parish of St Peter's, Halliwell as Treasurer and I thank all those involved who support the administering of the Parish finances to resource ministry and outreach in St Peters Parish and beyond. l express my particular thanks to.. Elaine Vincent in her role as Parish Finance Officer, for maintaining accurate and detailed accounting records and keeping track of income and expenditure across the Parish. Amanda Blease for herwork as Parish Business Manager and her support of the finance team. The Treasurers at Ihe sister churches: Julia Forre5ter at Barrow Bridge, Val Beasley at Smithills and Steve Walsh al St Andrews, also Geoff Gunshon for his work on the missionary accounts. Phil Weaver for his work on Gift Aid administration and also for his support to me as I continue in the role as Parish Treasurer. The banking team.. Dave Willescroft, June Johnson, Kath Richardson and Jez Wolsten¢roft and all the sidespeople, welcome team and plate collection counters, your ServIS are invaluable. S. INVESTMENT POLICY The PCC has considered the most appropriate policy for investing funds and has found that deposit accounts held with the CBF Chur¢h of England Funds, meet their requirements.
PARISH OF ST PETER'S, HALLIWELL REPORT OF THE PCC FOR THE YEAR ENDED 31 DECEMBER 2023 6. REAPPOINTMEfrIf OF INDEPENDENT EXAMINER A resolution will be proposed at the forthcoming APCM to reappoint the Independent Examiner, Mr Jo nathan Christopher Hargraves of DonnellyBentley Chartered Accountants. 7. STATEMENT AS TO DISCLOSURE OF INFORMATION TO INDEPENDENT EXAMINERS So far as the members are aware, there is no relevant infomiation of which the independent examinèrs are unaware, and each member has taken all the step5 that helshe ought to have taken a5 a member in order to make himlherself aware of any relevant infomation and to establish that the Parish's indeFendenl examiners are aware of that information. 8. RESERVES POLICY It is the policy of the PCC to rnaintain minimum unrestricted funds. sufficient to cover approximately 12 months fund raising and administration costs. The total funds balance at the end of the year was £1.886,651 with £203.286 of these being restricted and £1,576,559 the capital reserves balance. These funds are held by the PCC and are detailed in note S to these a¢Gount8. UnrestriGted reserves at the end of the year are £104,584, which would be sufficient to Gover Iwelve months fundraising and administration cost5. Unrestricted but designated funds at the and of the y8ar are £2.222 which have been designated for new photocopier. 9. RISK REVIEW The PCC has conducted its own review of the major risks to which the chariiy is exposed and systems have been established to mitigate those risks.
PARISH OF ST PETER'S, HALLIWELL REPORT OF THE PCC FOR THE YEAR ENDED 31 DECEMBER 2023 10. STATEMENT OF MEMBERS, RESPONSIBILITIES Law applicable to charities in England and Waleslscotland requires the trustees to prepare financial slalements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the ènd of the year. In preparing financial statements giving a true and fair view, the members should follow best practice and,. select suitable accounting policies and then apply them consi8tently' make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards and statements of recommended practi have been followed subject to any departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The members are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with applicable regulations. They are also responsible for safeguarding the assets of the tharity and hence for taking reasonable st8ps for the prevention and detection of fraud and other irregularities. APPROVED BY THE D SIGNED ON ITS BEHALF BY.. Reverend Alan Saun er5- Chairman 30th April 2024
INDEPENDENT EXAMINERS, REPORT TO THE PCC OF ST PETER'S, HALLIWELL FOR THE YEAR ENDED 31 DECEMBER 2023 I report on the accounts ofthe PCC for the year ended 31 December 2023, which are Set out on pages 1to8. ReSPeCtlvo responsibilities of PCC and the examinèr The members of the PCC are responsible for the preparation of the accounts. The PCC consider that an audit is not required for this year under section 144(2) of the Chartties Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to.. Examine the accounts under section 145 of the 2011 Act., To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 14515)Ib) of the 2011 Act)- and To state whether particular matters have come to my attention. To adhere to the FRC Ethical Standard when conducting review engagements, including °Provisions Available for Small Entities. as described in the circumstances set out in note 11 to the financial statements. Basis of Ind8pendent ExamIne5 report My examination was carried out in accordance with general direction5 given by the Charity Commission. An examination include5 a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from the management committee conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts presènt a Irue and fair view, and the report is limited to those matters set out in the statement below. Indepènd•nt examinerfs ststement Since the gross income for the year eXed5 the amount provided in section 145(3) of the Act, I confirm that l am qualified to act as Independent Examiner under the provisions of that section of the Act and that my qualification is as shown below. In connection with my examination, no matter has come to my attention.. 1 which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the 2011 Act., and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met., or 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reathed. Jonathan Christopher Hargraves BA (Hons) FCA DonnellyBentley, Chartered Accountants and Registered Au Hazlèmere, 70 Chorley New Road. Bolton, BL14BY roAJe£ or 30° April 2024
PARISH OF ST PETER'S, HALLIWELL ACCOUNTING POLICIES FOR THE YEAR ENDED 31 DECEMBER 2023 Basis of Preparatlon The PCC is a public benefit entity within the meaning of FRS 102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCS, and with the Regulations 'true and fair view, provisions, together with FRS 102 as the applicable accounting standards and the 2021 version of the Ststement of Recommended Practice, Accounting and Reporting by Charities (SORP 2019). The financial statements have tseen prepared under the historical cost convention except for the valuation of investment assets, whioh are shown at markèt value. Funds General funds represent the funds of the PCC thal are not subject to any restrictions gardIng their use and are available for application on the general purposes of the PCC. Funds designated for particular purposes by the PCC are also unrestricted, as the PCC can reassign those monies rf it so desires. Restricted funds can only be used fortheir stated purpose, any balance remaining unspent at th8 end of each year is carried forward as a balance on that fund. The accounts include all transactions, assets and liabilitie5 for which the PCC is responsible in law. They do not include the accounts of church groups that owe their rnain affiliation to another body nor thosè that are informal gatherings of Church members. Each of the 4 worship centres {St. Peterfs, Barrow Bridge Mission, St. Andrew's Johnson Fold and Smithills Fellowship) have their own A¢count, but that for St. Peter's also includes matters relating to the whole Parish. Income 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 due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are ac¢ounted for gross. Expenditure Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted forwhen due. Amounts received specifically for mission are dealt with as restricted ftjnds. All other expenditure is generally recognised when tt is incurred and is accounted for gross.
PARISH OF ST PETER'S, HALLIWELL ACCOUNTING POLICIES - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Pension Contrlbutlons The Parish of St Peterfs participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administ&rad by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers. CWPF has sections.. 1. the Defined Benefits Scheme 2. 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 Buildor Schomo Both sections of the Pension Builder Scheme are classed as defined benèfit schemes. Pension Builder Classic provides a pènsion, accumulated from contrtbLrtions paid and converted into a deferred annuity during employment based on temis 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. Penslon Bullder 2014 is a cash balance scheme that provides a lump sum which members use lo provide benefits at retirement. Pension contributions are rècorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment rèturns and other factors. The account. plus any bonuses dedared is payable. unreduced, from age 65. There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considèrèd to be a multi-employer s¢heme 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 speGifi¢ employers and means that contributions are accounted for as if the Scheme were a defined ¢ontribLrtion scheme. The pensions costs charged to the SOFA in the year arè the contributions payable (2023.. £2,529,. 2022.. £3.739}. A valuation of the Pension Builder Scheme is carried out once every three years. The most rent valuation was carried OLrt as at 31 December 2019. The next valuation is due as at 31 December 2022. Calculations for this are Gurrently under way. 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 effedive 1 January 2024, the Board Ghose to grant a discretionary bonus of 6.70h to both pensions not yet in payment and pensions in payment in respect of service prior to April 1997., and a bonus on pensions in payment in respect of post April 2006 $8rvice so that the pension increase was 50fi (where usually it would be calculated based on inflation up to 2.50A).This followèd improvements in the funding position over 2023. There is no requirement for deficit payments at the current time. For the Pension Builder 2014 section, th8 valuation r8vèa18d a surplus of £5.5m on the ongoing assumplions used. There is no requirement for deficit payments at the Gurrent time. The legal structure of the scheme is such that if another employer fai15, the Parish of St Peterfs could become responsible for paying a share of the failed employer's pension liabilities.
PARISH OF ST PETER'S, HALLIWELL ACCOUNTING POLICIES - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Flxed Assets Consecratad land and buildings and moveable church fumishings Consecrated and benefice property is excluded from Ihe accounts by 5.10(2lla) of the Charities Act 2014. No value is placed on mDveable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. Ail expenditure incurred during the year on Gonsecratèd or benefice buildings and moveable church furnishings, whether maintenanGe or improvement. is written off as expenditure in the SOFA. For anything acquired prior to 2000 there is insuffiGient cost infomiation available and therefore such assets are not valued in the financial statements. Sub$8quent Fixed Asset addiiions are induded in the accounts at original cost. Dèpraciation ND depreciation is provided on land, property and building alterations. It is the PCC'S practice to maintain these assets in a continual state of sound repair and to extend and make improvements thereto from time to time and, accordingly, the PCC ¢onsider that the lives of these assets arè so long, and residual values are so high. that their depreciation is insignificant. other fIxtus, frttings and office equipment Most equipment used within the church premises is depreGiat8d on a straight line basis over 4 years, however, the lifts purchased in 2016 and 2023 are being depreciated on a straight line basis over 10 years. Investments Investments are valued at market value at 31 Dernber. Current Assets Amounts owing to the PCC at 31 December in respect of fees, rents or other inGomè are shown as debtors less provision for amounts that may prove uncollectable. Short-term deposits include cash held on deposit at the bank.
PARISH CHURCH OF ST PETER'S, HALLIWELL CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Note 2023 2022 INCOME Voluntary Income Offerings and Donations Offerings for Missions Income Tax Recovered Legacies Grants received Miscellaneous Income 273055 34694 60298 255358 36017 58538 11000 89407 2420 26342 2583 Income from Investrnents Bank Interest Rent of House Income re Use of Centres and Mission Commonwealth War Graves 214 5865 19626 310 9059 16504 310 Income from ChurGh AGtivitie$ Café on the Green Tots & Hub Fees QUINTA Christma5 Markets Bonfire 4659 1509 3538 12841 13233 2632 2291 5726 1725 12170 1510 Other Income Di0Se Credit Insuran Claim Contribution to Parish Centre Running Costs 1585 4625 1081 293 TOTAL INCOME 469192 502470 EXPENDITURE Fundraising Costs Church Activities 436599 654212 TOTAL EXPENDITURE 436599 654212 NET INCOMEI{EXPENDITURE) Balance Brought Forward at 1 January 2023 32593 1854058 (151742) 2005800 Balance Carried Forward at 31 December 2023 1886651 1854058
PNASH CHURCH OF ST PETER?. 1wELL STATEMENT OF FINANCIAL ACTfVlnES FOR THE YEAR ENDED 31 DECEMBER 2023 Nots ljhrvstirttsd D•slgDatsd Capft•l Rthctsd Fund Fund Rellerve Fund• Total Totsi 2022 ITrICQME VOntary IncLxne In¢offÉ trom In¥0$ent Church 11a) 279986 26385 38412 7291 260 116738 39S972 26S17 38412 7291 452740 2601S 23422 293 TOTAL INCOME 55k74 250 118866 4S9192 502470 EXPENOITURE Fvndr8k8ing Gosls Church Aclwith 21al 21bl 321266 500 1143 4¥99 4212 TOTAL EXPENDITURE 921268 500 114833 436599 654212 NETINCOIWIEXPENDITUREI Tvwtsr Fund$ 30808 00) 12501 500 203$ 24000 32593 1151742) NET MOVEMENT IPI FUNDS B&larthi Brought Forward ai 1 Janry 2028 Carrd For*ard ot 51 OeGembw2023 6308 98278 104584 25D 1972 2? 26035 32593 11517421 177251 1854058 20D580D 203286 1B86651 1B5405 1576559 1576559 Thg Parish h8sno 98in&crh)BBs50th8rttrn Ihe YU8 fDrthe thve year. 811 dertAk bythè Parish Ib"nu9 actyvrtw 8r¥Jtho rapDrted BurplLW the hi8toripAI CrAt P(ofrtaB defin&l bythe FirArtW RewrbrvJ Stsndwd 102.
PARISH CHURCH OF ST PETER'S, HALLIWELL BALANCE SHEET AT 31 DECEMBER 2023 Note 2023 2022 FIXED ASSETS Tangible Fixed Assets 1608158 1589100 CURRENT ASSETS Debtors Cash at Bank and In Hand 36364 285001 32213 306158 321365 338371 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrua15 and Deferred Income 42872 73413 NET CURRENT ASSETS 278493 264958 TOTAL ASSETS LESS CURRENT LIABILITIES 1886651 1854058 FUNDS Unrestri¢ted Restricted Capital Reserye Designated 5&6 104584 203286 1576559 2222 98276 177251 1576559 1972 1886651 1854058 d by the Parochial Churdi Council on 30th April 2024 and signed on its behalf by.. Phil Weaver (Varden) MrE an nstanley (War
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PARISH OF ST PETER'S, HALLIWELL NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 3. EXPENDITURE 2023 2022 Included in expenditure are the followng costs= staff Costs Wages, Salaries and Social Security Costs Pension Costs 66494 2845 83790 3739 69339 87529 Average Number of Employees There were no employees who earned £60000 per annum or more. None of the members of the PCC received any remuneration or expense5 during the year. Audit andAc¢ountan¢y Accountancy 5070 3174 Doprnclation 8698 6970 4. FIXED ASSETS FOR USE BY THE PCC Land and Buildings Fixtures and Equipment TOTAL COST OR VALUATION Al 1 January 2023 Additions Disposals 1576559 70691 27756 1647250 27756 At 31 December 2023 1576559 98447 1675006 DEPRECIATION At 1 January 2023 Charge for Year Depreciation on Disposals 58150 8698 58150 8698 At 31 December 2023 66848 66848 NET BOOKVALUE At 31 December 2023 1576559 31599 1608158 NET BOOK VALUE At 31 December 2022 1576559 12541 1589100
PARISH OF ST PETER'S, HALLIWELL NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 5. ANALYSIS OF NET ASSETS BY FUND Unrestricted Fund$ Deslgnated Funds Restrlctod Funds Capital ROrV TOTAL Fixed Assets Current Assets Current Liabilities 3726 143597 (42739) 27873 175546 (133) 1576559 1608158 321365 (42872) 2222 Fund Balance 104584 2222 203286 1576559 1886651 6. MOVEMENT IN FUNDS Tran$fer¥ B8ts¥••n Funds At 0110112023 At 3111212023 Income Expgndlturg Capital Reserve Designated Funds.. Photocopier Vicarage Upgrade Unrestricted Funds.. Parish Rgstnct8d Funds." Missionary 45298 Lift Fund 7961 Youth Minister 11842 Vicar and Warden 55694 Christians Against Poverty 20052 Party in the Park 2756 Sundry Organisations 7899 Repair and Build for th& Future 20434 Youth Adult Pioneer 955 AYF Choir Parish Centr8 Lift 1576559 1576559 2222 (250) 2222 250 (500) 500 98276 352074 {321266) {24500) 104584 40593 (51718) {2050) (230) (16186) (26891) 1861 36034 5911 23051 63508 14321 2756 11207 23951 896 11439 24000 21160 11949 6980 {8641) (34631 (59) (2000) (3595) 3861 20886 (1861) 4360 21651 1854058 469192 436599 1886651
PARISH OF ST PETER'S, HALLIWELL NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 7. DEBTORS Prepayments and Accrued Income 36364 32213 8. LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR Accruals and Deferred Income 42872 73413 9. CONTINGENT LIABILITY At 31 December 2023, the Parish was holding a retention of£6,975 in respect of building works carried OLrt during the year and it is expectéd that this amount will be payable at the end of the retention period. 10. CONTROLUNG PARTY The Parish was underthe control of the Parochial Church Council throughout the period under review. 11. FRC EfHICAL STANDARD- PROVISIONS AVAILABLE FOR SMALL ENTITIES In common with other tharities of our size and nature, we us8 our Independ8nt Examiner to assist with th8 preparation of financial statements.