2023-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Philemon Toxteth

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PAROCHIAL CHURCH COUNCIL OF

ST. PHILEMON, TOXTETH

CHARITY NUMBER 1140013

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER, 2023

Page 1

PAROCHIAL CHURCH COUNCIL OF ST. PHILEMON, TOXTETH CHARITY INFORMATION

Registered Charity Name: The Parochial Church Council of the Ecclesiastical Parish of St Philemon Toxteth

Working Name:

St Philemon's Church, Toxteth

Charity Registration Number The charity became registered with the charity commission on 25th January 2011 under number 1140013.

Governing Instrument The Parochial Church Council (PCC) is established under the Parochial Church Councils (Powers) Measure 1956 (as amended) and is a body corporate with perpetual succession.

Incumbent: Rev'd M Allen - From April 2023 St Philemon's Vicarage 40 Devonshire Road Liverpool, L8 3TZ. Bankers: Central Board of Finance of the Church of England 80 Cheapside, London EC2V 6DZ

HSBC plc 168 Aigburth Road, Liverpool L17 9PF. 4 Dale Street, Liverpool L69 2BZ. 23 Allerton Road, Liverpool, L18 2DA

Independent Examiner:

Mr P J Collins F.C.A. Collins & Co. Chartered Accountants Suite 13 Hattersley House 1 Hattersley Court Ormskirk L39 2AY

Page 2

PAROCHIAL CHURCH COUNCIL OF ST. PHILEMON, TOXTETH ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER, 2023

Background

The Parochial Church Council of St. Philemon Toxteth (the "PCC"), has the responsibility of co-operating with the incumbent, in promoting in the ecclesiastical parish the whole mission of the church. Our vision is to:

1) Reach into as many communities as we can with the good news of Jesus;
2) Gather us under excellent, culturally engaged, Bible teaching;
3) Build one another up to live distinctively and consistently for Christ;
4) Network towards healthy Anglican churches pioneered across the Diocese.

The PCC also has maintenance responsibility for the church building of St. Philemon and the hall and associated buildings of St. Johns Centre.

The Parochial Church Council (PCC) is established under the Parochial Church Councils (Powers) Measure 1956 (as amended) and is a body corporate with perpetual succession. The PCC is also regulated by, inter alia, the Church Representation Rules. Reference to all this legislation is essential for a full understanding of the PCC's legal status and its members' duties and responsibilities.

Trustee membership and appointment

Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.

During the year all the following served as members of the PCC: -

Rev'd Michael Allen (co-pastor and then incumbent from April 2023) Rev'd Andrew Simmons (co-pastor) Hannah Smith (until 07/01/23) Thomas Keningley (until 07/01/23) Gabriel Chiu Neil Sanders (until 07/01/23) Shika Habershon Charlotte Kane Colin Buckman Ali Reza Gholami (until 07/01/23) Gary Pauls Kenneth Wiles Jonathan Lancaster (from 07/01/23) Philip Smith (until 07/01/23) Jesvin Edamana Ann Keningley (from 07/01/23) Lauren Smith (from 07/01/23) Geoffrey Millington (from 07/01/23)

Trustee induction and training

PCC members are informed of training events and have access to handbooks and other materials relating to trustee responsibilities, basic health and safety, risk assessment and management and safeguarding procedures.

Organisation

The PCC has a Standing Committees as required by law; these have the power to transact the day to day business of the charity between Council Meetings, subject to any directions by the council.

Electoral Roll

The number of names on the electoral roll as reported at 31st December 2023 was: - St. Philemon 107 (2022 - 106).

Page 3

PAROCHIAL CHURCH COUNCIL OF ST. PHILEMON, TOXTETH

ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER, 2023 (Cont.)

Review of the Year

2023 saw a number of changes including Michael Allen being installed as vicar in April, the stopping of two of our smaller Sunday services and the start of a new 5pm service.

We are thankful that, across the year, God has continued to grow our church in number, diversity and depth of discipleship, as well as help us navigate some of the changes in the wider Church of England.

Financial Review

Results for the year are set out on page 6.

Our main sources of income was tax efficient giving which amounted to £88,738 (2022: £97,650), grants received which amounted to £49,841 (2022: £95,482) and Donations £13,211 (2022: £23,354). The main expenditure was in respect of salaries and pensions of £91,700 (2022: £135,366), the Diocesan Parish Share of £20,637 (2022: £20,419) and repairs of £5,918 (2022: £4,167).

It came to light in January 2024 that a significant sum of money had been taken both from the safe and the collection box over an extended period. It is unlikely that the money will be recovered, or the person responsible identified. Several failures were identified and measures have been put in place to ensure that it does not happen again.

Plans for the Future

In 2024 we are excited to continue developing our two congregations, including our ability to welcome more people into larger gatherings. We also want to invest in new leaders, particularly from under-represented demograhics. We expect our Church Weekend in May to be a particular highlight.

Reserves policy

We aim to hold reserves sufficient to cover all costs and Missionary Giving for 3 months. This is currently £51,000 (2022: £59,000). The current level of general unrestricted funds is £149,293 (2022: £67,930).

Risk Statement

The charity has reviewed the major risks to which it is exposed,and systems have been established to mitigate them.

The main areas are:

Financial: The PCC's final responsibility for all assets allows, under its discretion, the reserves in general provide guarantees for work done by the charity. In return, where a risk is identified budgets are required by the PCC to check the viability of the projects in the churches. Operational: In the event of a church building becoming unusable for a limited time, we will look to rent another meeting place.

Health & Safety: Our policies and procedures are kept under review by the PCC with a responsible officer for each property.

Safeguarding of children and vulnerable adults : As for "Health & Safety" above, our policies derive from those of the Diocese of Liverpool. They themselves shaped by Home Office Guidelines. Relevant training is undertaken and we look to respond quickly to the ever-changing DBS procedures. Equal Opportunities and Employment Issues :An area of risk as well as opportunity. We seek to be "just" employers as the PCC sets policy, approves and authorises requests to recruit, and is responsible for the recruitment and management of employees.

Page 4

PAROCHIAL CHURCH COUNCIL OF ST. PHILEMON, TOXTETH

ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER, 2023 (Cont.)

Public Benefit Statement

When planning our activities for the year, the PCC gave consideration to the Charity Commission's guidance on public benefit and, in particular, the specific guidance to charities concerned with the advancement of religion.

Trustees' responsibilities in relation to the financial statements

Charity law 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 its surplus or deficit for that year. In preparing those financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable Accounting Standards and Statements of Recommended Practice have been followed, subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. 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 irregularities.

On behalf of the PCC

……………………………………………………………… Rev'd Michael Allen (Chair) 13th May 2024

Page 5

PAROCHIAL CHURCH COUNCIL OF ST. PHILEMON, TOXTETH

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PCC OF PHILEMON, TOXTETH

Report to the Parochial Church Council (PCC) of St Philemon with St Gabriel & St Cleopas (the Trust) on my examination of the accounts for the year ended 31st December 2023 which are set out on pages 6 to 14 of your Annual Report.

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause me to believe that in, any material aspect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act: or
the accounts do not accord with those records.
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regultions 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.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Mr P. J. Collins (F.C.A) Collins & Co. Chartered Accountants Suite 13 Hattersley House 1 Hattersley Court Ormskirk L39 2AY

13th May 2024

Page 6

PAROCHIAL CHURCH COUNCIL OF ST. PHILEMON, TOXTETH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER, 2023

Unrestricted Funds Note £ INCOME AND ENDOWMENTS FROM: Donations and legacies 2 150,602 Charitable activities 3 26,372 Other trading actvities 4 0 Investments 5 16,641 TOTAL INCOME 193,615 EXPENDITURE ON: Charitable Actvities 6 144,936 Raising funds 7 2,556 TOTAL EXPENDITURE 147,492 46,123 Gains/(losses) on investments 0 NET INCOME/(EXPENDITURE) 46,123 TRANSFER BETWEEN FUNDS 18 51,846 NET MOVEMENT IN FUNDS 97,969 RECONCILIATION OF FUNDS: TOTAL FUNDS BROUGHT FORWARD AT 1ST JANUARY, 2023 463,215 TOTAL FUNDS CARRIED FORWARD AT 31ST DECEMBER, 2023 561,184	Restricted Endowment Funds Funds £ £ 45,694 0 0 0 0 0 567 0 46,261 0 56,502 0 0 0 56,502 0 (10,241) 0 0 4,923 (10,241) 4,923 (51,846) 0 (62,087) 4,923 112,638 66,687 50,551 71,610	TOTAL FUNDS 2023 2022 £ £ 196,296 254,984 26,372 13,805 0 675 17,208 10,580 239,876 280,044 201,438 312,915 2,556 5,095 203,994 318,010 35,882 (37,966) 4,923 (160,218) 40,805 (198,184) 0 0 40,805 (198,184) 642,540 840,724 683,345 642,540

Page 7

PAROCHIAL CHURCH COUNCIL OF ST. PHILEMON, TOXTETH BALANCE SHEET AT 31ST DECEMBER, 2023

Note FIXED ASSETS Tangible Assets 9 Investments 10 Total fixed assets CURRENT ASSETS Debtors 11 Cash at Bank and in Hand Total current assets LIABILITIES: Creditors: Amounts falling due within one year 12 NET CURRENT ASSETS Creditors: Amounts falling due after more than one year TOTAL NET ASSETS FUNDS OF THE CHARITY 13 Unrestricted funds Restricted funds Endowment funds Total charity funds	2023 £ 1 421,610 421,611 49,507 215,232 264,739 3,005 261,734 0 683,345 561,184 50,551 71,610 683,345	2022 £ 1 416,687 416,688 43,300 186,509 229,809 3,957 225,852 0 642,540 463,215 112,638 66,687 642,540

Approved by the Parochial Church Council on 13th May 2024 and signed on its behalf by:

……………………………………………………… ………………………………………………………… Rev'd Michael Allen Mr Geoffrey Millington

The notes on pages 8 to 14 form part of these accounts.

Page 8

PAROCHIAL CHURCH COUNCIL OF ST. PHILEMON, TOXTETH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2023

1 Accounting Policies

The financial statements have been prepared in accordance with applicable accounting standards and the Charities SORP 2015 FRS 102.

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.

The accounts include transactions, assets and liabilities for which the PCC is held responsible in law. They do not include the accounts of church groups that owe their affiliation to another body nor those that are informal gatherings of church members.

Funds

Endowment funds are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted depending upon the purpose for which the endowment was established.

Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

Income and endowments

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 notified of its legal entitlement to the amount due. Dividends and all other income is accounted for when receivable.

All incoming resources are accounted for gross.

For investment purposes any surplus funds are usually of a short term nature and are kept in interest bearing accounts.

Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31st December.

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 Parish Share is accounted for when payable. Any share unpaid at 31st December is provided for in these accounts as an operational (though not legal) liability and is shown as a creditor in the Balance Sheet. Amounts received specifically for mission are dealt with as restricted funds.

All other expenditure is generally recognised when it is incurred and is accounted for gross.

The pension costs charged in the financial statements represent the contributions payable by the PCC during the year.

Page 9

PAROCHIAL CHURCH COUNCIL OF

ST. PHILEMON, TOXTETH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2023 (Cont.)

Fixed Assets

Consecrated land and buildings and movable church furnishings

Consecrated land and beneficed property is excluded from the accounts by section 10(2)(a) of the Charities Act 2011.

No value is placed on movable 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. All expenditure incurred during the year on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Freehold land and property is not being depreciated, as in the view of the PCC, they are maintained to a sufficiently high standard which ensures that the market value of the properties is not less than the carrying value shown in the accounts.

Fixtures, fittings and office equipment

Equipment used by the church is depreciated on a straight line basis over 4 years. Individual assets with a purchase price of £10,000 or less are written off when the asset is acquired.

Investments

Investments are valued at market value at 31st December.

Current Assets

Amounts owing to the PCC at 31st December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible.

Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.

Reserves

It is the intention of the trustees to maintain sufficient unrestricted reserves to meet the current level of running expenses of the organisation.

Page 10

PAROCHIAL CHURCH COUNCIL OF ST. PHILEMON, TOXTETH NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER, 2023 (Continued)

2 3 4 5	Unrestricted Funds £ Donations and legacies Planned Giving: Tax Efficient Giving 87,138 Income Tax Recoverable 22,424 Other planned giving 8,232 0 Gift Days 0 Donations 0 Grants 32,808 150,602 Charitable activities Bookstall 303 12,820 Wedding and Funeral Fees 752 Club Activities/Outings/Holidays 12,497 26,372 Other trading actvities Fairs/fundraising 0 0 Investments Rent from Investment Property 12,400 4,241 16,641 Dividends and Interest (including any reclaimed tax) Collections (open plate) at all Services Rent from Church Hall/Church Property	Restricted Funds £ 1,600 2,900 0 0 10,950 13,211 17,033 45,694 0 0 0 0 0 0 0 0 567 567	TOTAL Unrestricted 2023 Funds £ £ 88,738 96,350 25,324 23,802 8,232 5,359 0 312 10,950 0 13,211 0 49,841 8,250 196,296 134,073 303 852 12,820 10,921 752 794 12,497 1,238 26,372 13,805 0 675 0 675 12,400 8,250 4,808 2,231 17,208 10,481	Restricted Funds £ 1,300 5,425 0 20 3,580 23,354 87,232 120,911 0 0 0 0 0 0 0 0 99 99	TOTAL 2022 £ 97,650 29,227 5,359 332 3,580 23,354 95,482 254,984 852 10,921 794 1,238 13,805 675 675 8,250 2,330 10,580

Page 11

PAROCHIAL CHURCH COUNCIL OF ST. PHILEMON, TOXTETH NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER, 2023 (Continued)

6 7	Unrestricted Funds £ Charitable Actvities Missionary Giving OMF International UK 3,775 CCW 3,775 North West Partner 2,516 Servants of the Word 0 ICR Madrid 2,516 Central Church Warrington 0 Sundry Donations (<£1,000 each) 1,186 Ministry: Parish Share 20,627 Minister - Housing 443 Minister - Expenses 264 Co-Pastor Salaries 30,277 Co-Pastor Pension costs 5,812 Co-Pastor - Housing 9,076 Co-Pastor - Expenses 360 Lay Workers - Salaries 12,538 Lay Workers - Pension costs 1,389 Lay Worker expenses & costs 1,900 Cleaning and Waste Disposal 581 Rent and Rates 1,212 Heat & Light 10,204 Insurance 2,448 Repairs & Renewals 5,918 Service Expenses 1,984 Waterfront Ministry Costs 0 Youth Work/Children's work 915 Club Activities/Outings 3,810 Education and Training Expenses 6,527 Bookstall costs 356 Weekend Away 8,572 Data Protection/Copyright Fee 631 Telephone 394 Depreciation 0 Legal and professional fees 87 Independent Examiner's Fees 2,136 Sundries 771 Postage, Printing & Stationery 1,936 144,936 Raising funds Fundraising Costs 0 Investment Property Costs 2,556 2,556	Restricted Funds £ 0 0 0 0 0 0 0 0 0 8,940 3,134 1,918 0 27,880 0 0 0 0 0 0 0 0 14,630 0 0 0 0 0 0 0 0 0 0 0 0 56,502 0 0 0	TOTAL Unrestricted 2023 Funds £ £ 3,775 2,712 3,775 2,712 2,516 1,808 0 0 2,516 1,808 0 610 1,186 0 20,627 20,419 443 6,824 264 171 39,217 37,859 8,946 6,412 10,994 1,301 360 330 40,418 15,465 1,389 455 1,900 178 581 584 1,212 1,164 10,204 5,052 2,448 2,270 5,918 4,167 1,984 2,392 14,630 0 915 605 3,810 1,637 6,527 1,750 356 894 8,572 1,117 631 582 394 378 0 4,540 87 0 2,136 2,016 771 746 1,936 851 201,438 129,809 0 0 2,556 5,095 2,556 5,095	Restricted Funds £ 0 0 0 3,080 0 70,598 500 0 0 0 26,328 6,412 3,146 96 34,329 3,895 13,141 0 0 0 0 0 15 10,136 688 6 7,736 0 0 0 0 0 3,000 0 0 0 183,106 0 0 0	TOTAL 2022 £ 2,712 2,712 1,808 3,080 1,808 71,208 500 20,419 6,824 171 64,187 12,824 4,447 426 49,794 4,350 13,319 584 1,164 5,052 2,270 4,167 2,407 10,136 1,293 1,643 9,486 894 1,117 582 378 4,540 3,000 2,016 746 851 312,915 0 5,095 5,095

Page 12

PAROCHIAL CHURCH COUNCIL OF ST. PHILEMON, TOXTETH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2023 (Continued)

8

Staff Costs Wages and Salaries Social Security Costs Pension Costs	2023 £ 79,635 1,730 10,335 91,700	2022 £ 113,981 4,211 17,174 135,366

The wages paid relate to various Church Workers and the Co-Pastors. No employees (2022: None) received more than £60,000 remuneration during the year.

9

10

Tangible Fixed Assets COST OR VALUATION At 1st January, 2023 Additions Disposals At 31st December, 2023 DEPRECIATION At 1st January, 2023 Charge for the year Disposals At 31st December, 2023 NET BOOK VALUE At 31st December, 2023 At 31st December, 2022 Investments Historical Cost of Investments Historical Cost of Investment Property 1,390 shares (2018: 1,390 shares) CBF Investment Fund. CBF Deposit Funds 11,711 shares (2018: 11,711 shares) CBF Joint Investment Fund. St John's PreSchool Nursery St John's Youth and Community Centre	Freehold Land & Buildings £ 0 0 0 0 0 0 0 0 0 0 2022 Market Value 28,719 20,874 17,094 253,817 96,183 416,687 38,859 169,699	Fixtures and Fittings £ 43,645 0 0 43,645 43,644 0 0 43,644 1 1 Additions Net (Disposals) Gain/loss on in year Revaluation 0 2,702 0 2,221 0 0 0 0 0 0 0 4,923 0 0 0 0	Total £ 43,645 0 0 43,645 43,644 0 0 43,644 1 1 2023 Market Value 31,421 23,095 17,094 253,817 96,183 421,610 38,859 169,699

The Youth and Community Centre and the PreSchool Nursery was on sale at a valuation of £350,000. The trustees consider that this is their fair value at 1st December 2023, as it was sold in January 2024 for this amount.

Page 13

PAROCHIAL CHURCH COUNCIL OF ST. PHILEMON, TOXTETH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2023 (Continued)

11 12	Debtors: Amounts receivable within one year Income Tax recoverable Other Debtors Creditors: Amounts falling due within one year Accruals and Deferred Income Other creditors	2023 £ 47,800 1,707 49,507 2023 £ 2,136 869 3,005	2022 £ 43,300 0 43,300 2022 £ 2,016 1,941 3,957

13 Analysis of Net Assets by Fund

Fixed Assets Current Assets Current Liabilities Long Term Liabilities Fund Balance	Unrestricted Funds £ 350,001 214,188 (3,005) 0 561,184	Restricted Funds £ 0 50,551 0 0 50,551	Endowment Funds £ 71,610 0 0 0 71,610	Total £ 421,611 264,739 (3,005) 0 683,345

14 Fund Details

The restricted funds comprise various funds as set out below including; building funds, grants received in connection with the costs of employing lay workers, roof repairs, a new church plant and grants and donations received for projects and staff training together with various specific donations received to be forwarded onto Christian missionary societies.

The endowment funds represent permanent endowments from donors many years ago, which require the money to be spent on various property repairs, sick and poor fund, Sunday School and Staff Expenses.

15	Designated Funds 2022 £ Unrestricted Funds are as follows: PCC St. Philemon General Funds 67,930 Roof Fund 10,000 PLA Fund 5,000 Capital Asset Fund 1 Hardship Fund 450 St. John's Youth & Community Centre Youth & Community Fund 29,214 Capital Asset Fund 253,817 St. John's PreSchool PreSchool Funds 620 Capital Asset Fund 96,183 463,215	Transfers Income Expenditure Gains/Losses £ £ 192,659 146,792 35,496 0 0 10,000 0 0 5,500 0 0 0 0 700 850 936 0 0 0 0 0 20 0 0 0 0 0 193,615 147,492 51,846	2023 £ 149,293 20,000 10,500 1 600 30,150 253,817 640 96,183 561,184

Page 14

PAROCHIAL CHURCH COUNCIL OF

ST. PHILEMON, TOXTETH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2023 (Continued)

16 17	Restricted Funds 2022 £ Restricted Funds are as follows: PCC St. Philemon Administrator Salary Fund 900 Assistant Staff Fund 0 Central Church Warrington 11,700 Persion Ministry Fund 25,300 JSH Persion/Kurdish Fund 257 Kitchen Fund 13,628 Waterfront Ministry Fund 59,946 Gift Day Fund 820 Go Chatter Website Fund 87 112,638 Endowment Funds The Endowment Funds are as follows: PCC St. Philemon Sunday School Assistant Staff Fund Sick & Poor Repairs General Church Fund	Transfers Income Expenditure Gains/Losses £ £ £ 7,878 7,478 0 9,933 9,933 0 0 0 0 0 4,764 0 3,000 3,257 0 0 0 0 12,000 20,100 (51,846) 13,450 10,970 0 0 0 0 46,261 56,502 (51,846) Realised Transfers/ 2022 Gains/Losses Gains/Losses £ £ £ 3,450 0 244 5,660 0 567 754 0 80 41,166 0 4,029 15,657 0 3 66,687 0 4,923	2023 £ 1,300 0 11,700 20,536 0 13,628 0 3,300 87 50,551 2023 £ 3,694 6,227 834 45,195 15,660 71,610

18 Transfer Between Funds

In the year it was ascertained that grants received from a donor for the Waterfront project had been incorrectly recorded as restricted funds instead of unrestricted. Hence a transfer of £51,846 was made between these funds to show the correct presentation.

19 Related Parties

During the year the charity paid working expenses and housing costs of £707 (2022: £6,992 to Rev'd Elfick ) to/on behalf of the Rev'd Allen and salary, pension, housing costs and expenses of £44,103 (2022: £45,486) to/on behalf of Rev'd Simmons, salary and pension costs of £13,017 (2022: £32,740) to Rev'd Michael Allen and salary and pension costs of £12,287 (2022: £3,786) to Gabriel Chiu in respect of costs incurred and work done on behalf of the charity.

20 Capital Commitments

The PCC has no Capital Commitments at the accounting date ( 2022 £Nil ).

21 Contingent Liabilities

The PCC had no contingent liabilities at 31st December 2023 (2022 £Nil):