Charity registration number: 1146048 Tho Parochial chUh Councll of the Eeelesiastlcal Parlsh of st Mlchael and All Angels. Church, Macclesfield Finanelal Statements Year endod 31rt Docember 2024
The Parochial Chur¢h Councll of the Ecclesiastical Parlsh of Sl Michael and All Angels. Church, lJlaccle$fleld Flnancial Statements Year Ended 31 Dècember 2024 Contents Pago Charity References and Administrativ8 Detalls Truslee$'Annual Réport Independont Examlner's Report 10 Statement of Flnancial Activities Ilncluding Income and ExndItUre Account) 11 Balance Sh8et 12 Statement of Cash flows 13 Notes to the Financial Statements 14
The Parochial Church Coun¢il of tho Eccleslastical Parish of Sl Mlchael and All Angels. Chur¢h, Macclesfield Reference and Administrative Infomiation Year Ended 31 December 2024 Charity registrallon numko.. 1146048 Trustees: Rakash Alexander Martin Bancroft v*n Gi5by He1 Hkdden Associats Minister (ex o)TKro) (2nd October 2024} Deanery Synod Matthew Lewis Churchwarden {8x officio) (elected 21•tAprS12024) Esther Lawrence Rachel Mayers Churchwarden lèx off10) Treasurer {eleded 211t April 2024) Laura Mumm9ry (elected 21itApril 20241 Paul Mummery Deanery Synod Jon8th8n Porter Anne Radmall Paul Simms Lay Chalr Ruth Simms Daanary Synod Lynne Spedding Paul Spedding Reader lex officiol PCC Se¢xetary 1g18c18d 211t April 2024) Martin Stephens Rector (ex officio) Michael Slrutt Reader lex officio} Heike Wemer Katte Wlcock Jènnffer Wild T18 Wilson Pari8h office.. St MS¢h8el and All Angels, Church, Market PLqce, MocGbsfield. Cheshirs, SK10 1 DY Independent Examlner. Bright PBrtner8hip Ltd Incorporating HeOod Shepherd Suite 1. Armcon Buslnes8 Park. London Road South. Poynton, Chgshlre, SK12 1LQ Bankers.. Royal Bank of Scotland, 1 SpinningrIds Square. Manchester, M3 3AP
The Parochial Church Councll of th• Ecclosiastical Parish of St Mlchael and All Angels. Chureh, Maecl•sfi8ld Trusteas, Annual Report Year Ended 31 December 2024 Introdudion The Parochlal Church Council {PCCI of the Parfsh of St Michael and All Angels. Macclesfield presents Ils Annual Report and Ac¢Dunts for the year ended 31 December 2024. The members of tho PCC are the trustees of the charlty, which was regisl8red with Ihe Charity Commlsslon in 2012 From 2010 the thurch has been part of the Macclesfleld Tèam Ministry. The four Individual thurches, whlch make up the Team Ministry. Sl Michael and Al Angels., Sl Peterfs. All Saints. and St Barnabas.. ore constilul8d as a T8am Ministry under the Church Representation Rules of lh8 Chuich of England. This structure gfve5 U3 the best aspects of being a Team, wtlh real power at the local congregational vel. Each church has ils own Parochlal Church Council (PCCI, holds ils own APCM and produces local accounts wlth full authority over its own affairs. A Team Council has been formed, as 15 required by tho legislation. This counc51 dogs not have its ovm legal power. but only that which is delegated to it by the four local churches. The Parbsh Sharè lor the Team Ministry is paKI lo the diocese the Team Council. It has bean agreed that Sl Michael and Al Angels. PCC will assume Ihe responsibility of accounting for all shared Team aclNilies. This sel of accounts records the actlvlll88 of St Mld)ael andAIIAngeJs' togeth8r wlth thosg 01 th8 central Shared Team adivitw. Objectives and Actlvltles The objective of the PCC is lo promote the Gospel of our Lord Jesus Christ accordlng to the dtrin8 and pracdces of th& Church of England. Our mission ststemenl Is: 'To worship God. share the gospel ol Jesus Christ, wekome all who comg. and contrlbutg to the flourishing of the Macclesfield community.. Three straleglc objectives help the PCC to plan and focus th8lr aclvlJes: Encountering God through Sl Mlcha81'$ {tyJr people and our building) Exploring and Nurturing faith Celebrating and Sustsining God's creotion. The work kq cenlred al St mh0¢1 & All Angels. Church, a Gradè 2. listed building. Whilst maintaining the use of this building is not essential lo ¢)ur mission, the building serves as a fL*US for activities and in ttsew draws people in, so is a valuabb tool to support our mission. The PCC does all it can. within its
The Parochial Church Councll of the Ec¢lesiastical Parish of St Mlchaol and All Angels. Church, Macclesfleld Trustoes, Annual Roport {contlnugd) Year Ended 31 Dècèmber 2024 means, lo maintain and dev&lop the fabric so that currgnl and future generation$ can share the mission of those who have gone before. Achlovaments and Pèrforniance Encountgring God through St Michael's A range of opportunities for worslNp are offered. Church Family Worship, wlth Eucharist Iwrce per month, occurs each Sunday moming, and indudes actwilies for chlldren {under 16) most weeks. It is live-streamed for the benefltof those who cannot attor in person. There is a monthly SIce of Choral Evensong (also 8lreamed}.' Wednesday moming prayer meetings on altemate weeks- a tradonal mldweek service (Thursday moming} which alternates beeen Eutharist and Morning Prayer" led prayer (also streamed) on a Monday moming., Friday fflorning Contemplate prayer meetings; ar weekly online Compline on a Friday. Occaslonal seThfce8. such as the Remembering. Heallng. and Christma$ Card servi, give peop from the wider communty an opportunity lo encounter Gc¥J. Our Savage Chapel Is open daily for private prayer and reflection. In 2024, five couples chose St MKhag1's k•r Ihelr weddlng, therè were four bapdsms. enty one funerals, and one memorial service. The church bulldlng is open dally.. 811 welcome. Thls Is made posslble by 8 café. staffed by volunteers from wiihin the church and aL80 from the widér community. and a paid manager. This provSdgs a placgto rest, and lo meet others- the café is registered wilh Cheshlre East as a Wann Pl8CE. Those who cannot afford lo pay are offered free refreshments; approximatety 1.500 drinks and almost 600 meals were given away in 2024. Developing and Nurturing Failh People are èncouraged lo nurture their faith and devel¢)p Iheir Christian discipleship through activities at St MKhao1'5. There is leaching and prayer al all the $orvi¢e5 described abov6. and several regular opportunities for group prayer and individual prayer support. There is encouragemènt lo develop und8rstsnding by discussion, after Sunday services. short study courses and membership of a regular study group. During 2024, 9 membgrs Irainod as Occasional Worship Leaders IOWLs>. and 8nother started the second (final) year of training for Licensed Lay (Reader) Ministry. Celebratlng and Sustalnlng Gods ¢r8alion The church holds the ARocha Sllver EcoChurt* award in recognllon of ils efforts to re(knce the environmental impact of its actNilies, its building and its people, and ils engagement with the wider community to promote sustainabillly. In 2024 Considerab progress was made wrth p18ns Ilo ba implemented in 2025) lo reduce the carbon footprint of the building. Planters and $4qnage have bgen
The Paro¢hlal Church Council of the E¢¢lesiastical Parish of St Mlcha•l and All Angel8. Church, Ma¢¢lesfield Trustees, Annual Report {continued Year Ended 31 December 2024 introduced to the olherwL8e-paved churchyard. On three days per week. our eafé uses mainty surplus food to creale meals and snacks. to highlight th& issue of fcrfyj waste. Public Benefit Th8 tnJst8e8 have u)n$NJered th8 guidance of the Charlty Commission on publlc bemfit and beliÈv8 that the aims, objectiv8s and services provided by the charlty comply with that guidance. Reference and Administratlon The names ol the twsteos who have served durfng the year are detailgd on pag6 3. All lay momb8rs of the PCC are registered on the Electoral Roll of the Pailsh. The PCC is r&sponsible for making decisions on all matters of gener concem and importance to the Parish including deciding how the fijnds of the PCC are spent. PCC Responslbllity to produc• accounts The counal is responsible for its annual r8por( and the preparation of the finonclal statements for each flnandal year which give a true and fair view of the Incomlng resources and appllcation of th058 resources to the charity during the year, and of the slate of affairs al the and of the financial year. In preparing these finan¢lal statements the PCC ar8 required to: ensure ihal suitsbl8 accounting policies ar& 8slablishgd and applied consistgnly- make judgem8nts and estimates which are reasonable and prudent.. stsle whether the applicabl& accounting standards and stslement of recommended accounting pracllce have baan followed. subject to 8ny Mats81 departsjres dls¢bsed 8nd explalned in thg financial stalemenls.. and prepare the financial st8tements on 8 golng eoncem basis unless il is inappropriBt• to presume that the charity will continue in op8rakn"on. The PCC has overall responslbility for ensuring that the charity h88 appropriate systems and controls, financial and olherwlse. They are also responsible for keeping proper accounting records which dlsclose wf(h reasonable accuracy at any time Ihe financlal position of the charity and enable them to ensur8 that the fin8ncAal statements compty wSth the Charities Act 2011. Th&y are also responsible for saleguarding the assets of the charity and for thelr proper appllcallon as requlred by charfty law. and hence for taking reasonable steps lor the prevention and detection of fraud and other irrogularities and to provide reasonable assuranco that:
The Parochial Church Councll of tho E¢cl•slastlcal Parrsh of St Mlchael and All Angels. Church. Macclesfield Trustees. Annual Report (contlnued) Year Ended 31 DeGembor 2024 the charity is operatlng efficiendy and eff8CtiV81y, all agsats are safeguarded against unauthorS8ed use or disposluon and are properly appliod,. proper rec$ are maintained and financial Informati usgd wrfhin the charity. or for publicaOn, Is rellable; Ihe charity complies with relevant laws arKI regulations. Safoguardlng The PCC has adopted and follows the Church of Engl8nd's 'Promoting a Safer Church. safeguardlng policy. PCC members are individually DBS-checked and have undergone training; the PCC alsrtr seeks to ensure that those working in a position of resFx)ns*Jilty are suilabty DBS checked and undergo approprtatg Safeguarding Tralning. Volunteers To seek lo thank everyone by name would endanger offending tho individuallsl we overlook. However It would be remlss not to mention our Wardens, Malt Lews and Rachel May8rs. who carry out their many dirtios calmly and efficlently. Thank you to those who hav9 vi$iled peopl8 who are111, infirm andlor bereav8d, to 1 who have acted as stewards and lo Ihose who worf( quletly In the background m8king sure that our parish ntInueS to funcb'on seamlèssly. Investmènt policy l investments are held wthin the Chester Di(Kesan Portlolio. Flnanclal revlew The alxounls detsil the income arbj exp8ns8s of Sl Michael and All Angels, includlng a record of th& shared financial activities of the Te8m. The accounts show the day to (lay njnning of St Michael's within the UnrestrScled figures. whilst the Restrictsd figures include both special Sl Michael's projects and all Team expendrbJre, su¢h funds not belng avalLqble for Sl Mlchael's general expenditure. The results for 2023 h8v8 b88n rgstaled 8s detailed in note 22 to the accounts, In order to fully refl8cl accounting policies 1c and 1d. This restatement has had no impact on the total net movement for any
Tho Parochial Church Councll of tho Ecclesiastical Parfsh of St Mlcha•l and All Angels. Church, Macclesfleld Tru8tee8' Annual Report (contlnued) Year Ended 31 De¢embor 2024 of thg funds for 2023 and represents Instead an 8qual and opFh)srte adjustment lo gross income and expenditure. The totsl Increase In funds amounted lo £70.647 (2023.. £62,657). Of this the unrestricted funds generated an increase ol £16,406 {2023.' £70,206) while Ihg movemgnl on the reslrict8d funds wa8 an increase of £54.24112023: defictt of£7,5491. Nel unreslricled gross Income of £208,004 (2023 restated.. £288,952) was lower than the prior year be¢auso 2023 included two significant legacigs,. exdudSng these the n81 unrestrioled gross inwme rose in 2024 by £7,325. This was principally due to the increase of £10,585 in income from other tradlng aclivtties, notably room bookings and café tskings. following a more mod8St increase seen in 2023. ¢)Jr Open Door activities continue lo bring into the church many who otheMi$e might not visit and we weloome all who make use of our faciliti88. The increase noted above was parlly offset by a small dUCtion Sn planned giving and a5s0cialed gtri 8iY. Sl Michael and All Angels, has a stewardshlp scheme in ptace and those making donations are courag8d to apply grft aid wh8re this is appropriate. Despite the small reducllon. we are constantly thankful for 811 those of the Church Famity who continue to contribute so genercusly lo support the mission and ministry of St Michael &AII Angels. Church. We conllnue lo offer our thanks to Mac¢lesfigld Town Council who work with us Sn a varlety of are8S. With the regular demand for tollel facilities within Macclesffield, other providers havlng closed, we do appCIate 8 regular ¢onlributK&n to our costs for the cleaning and maintaining of our toilets. Our Music Mikes concerts ralsed £3.99512023: £2.4281 for Cheshire East Hospice and we were also able lo support Bollinbrook School, The Children's sclety. Christian Ald, and Ju51 Drop In through amounts raised al services during the year. Totsl unrestricted expenditure of £191.598 {2023 reslaled.. £218.746) was kwer th8n In the prior year due to reductions in repalrs and maint8nance. as some expendlture planned in 2024 was def&rred lo 2025. In addition, the cost to the church of the diocesan qlta (parish share) fell when compared lo the amounts pald In 2023. Savlng8 agalnst 2023 were also made within utilities and across a number of other areas. wsthin Ihe restrlcted funds, the suqnific8nl uplift during the year was principallywthin th¥ building5 funds. The chur¢h has a number of urgent proj9¢ts in hand to make improvements to Ihe structur8 and inlerS0r, Includlng the Ilghllng. healing and werproofing of the roof and these funds have b8en added lo over the p8St few years lo pay forthesa improvamonts. The increase duriro the yearwas ¢Jue to the success of a number of grant applicatlons mado by our churchward6ns. IncILing those from Garfield Weston {£30.0001, Cheshlre East Greener C(Mnmunities Furbd {£15.oc(J). and Ban8fad Trust1£3,2501. In addon to this. a number of parlshloners made very generous on9 off donatlons lo our projects and undertook fundraising activities to generate lurther Income speclfically for these works.
The Parochlal Chur¢h Council of the Eccleslastlcal Parish of St Mlch801 and All Angels. Church, Macclesfléld Trustees, Annual Report (continued} Year Endod 31 Decomber 2024 Thg lev81 of rgserves is monitored by the PCC on a regular bosis. At 315t Decwnber 2024 our restrictgd reserves stoot1 at £405,53012023.. £351,289>. IlUdIng the designated building fund, the total was £539,416 (2023.. £485.175). Tha PCC b&lieve that these fijnds, plus those anticipated lo b8 raised In 2025, are sufficient for works required on the structure 8nd interior to be undertaken. Excluding the designated building fund, unrestricted reserves al 311t December 2024 tolalled £89.680 12023.. £73.274), vthlch comprised over fNe months of unrestred expenditure or over four and hajf months of total expendriure. Th8 PCC consider this level of reserves lo bo salisfaclory but wlll continue to moniior the position closely. Future dev•lopmonl$ Over the past Iwo yaars, tho ¢hur¢h has been actwely invofved in the disGu551ons relatlng lo the future development of the Anglican communfty across Macclesfield. Sl Michael's has a partlcular role as the lowCentre church but the worshlpping communities of each church Iwilh their differing approaches to worship) need to be sustsined and supported. During 2024 PCC confirmed their acceptance of CO-ordSnated, shaiing 8ppro8ch lo the churches, worship, mission and resources. a¢¢opting that tNs entails some significant challenges. The PCC remaln commilled in prfnciple to working In partnership with the othèr thurches that are part of Ihls commLtnlty. in order to grow expertise in mission and ministy, and best focus our a¢livities and buildings to serve the 60.000 people in the town. Syned for and on behaw of the St Michael 8nd Al ArvJels' PCC: Laura Mummery Trustee
Indèpgnd8nt Examinerfs Report to The Parochial Church Councll of the Eccleslastical Parish of St Michael and All Angels, Church. Macclesfleld Year Ended 31 December 2024 I r&port on the accounts for the year ended 310ecember 2023 which are sgt out on pages 1110 24. Res¢tIve résponsibllltles of tho PCC and tho axaminer The PCC is reswnsible for Ihe preparation of the accounts. They consider that an audit is not required for this y8ar lunEYer secllon 144121 of the Charilios Act 2011 (the Acll) and that an independent examination Is needed, It is my responsibility 19= examine the accounts {under section 145 of the 2011 Act}. follow the procedures laid down in the General Dlrections given by the Charty Commission {und&r secllon 145(51{bl of the 2011 Acll., and stale whether partlcular m8tters have come to my attentlon. Basls of Independent examln•r's rèport My 6xaminatn was carried out in accordance wlth the General Directions given by the Charfly Commission. An examination includes a review of th? accounting records kept by the Charfty and a comparison ofthe accounts presented w(Ih those records. It also includes consideration of any unusual items or dlsck)sures in the accounts. and seeking expl8nalions from you concemlng any such matt8rs. The procedures undertaken do not provide all the evidenc8 that would bg required In an audiL and consequently no oplnlon Is given as lo whether the accounts present a ttrue an(J fairf vwi and th8 r8port is limited lo those matters set out In the statèment below. Independent Examlner's stslement In the course of my examinaliDn, no matter has come to my attention.. 1. which gives me reasonable cause lo believe that in any malgri01 respect the requirements lo keep accounting records in accordanc8 with sgcfion 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of th8 2011 Act h8v8 not been met,. or 2. to which. in my opinion. attention should be drawn in order to enable a proper understanding of th8 accounts lo be reached. Michael Senior Sulle 1, Armcon Business Park London Road Soulh Br5ght Partnership Ltd incorporating Heywood Shepherd Chartered Ac¢ounlants Poynlon SK12 ILQ 10
The Parochi)I chUh Coun¢ll of the Ecclesiastical Parish of St Mkh•l Ind AU 9$. Church, Ma$191d Stg¢8mont of Flnan¢Sal A¢tfvltle$ Iln¢luding Incom• and Expendltur• Aetoynt) Yr End•d 31 O•cember 2024 Note un¥triCted R•stiict•d 2024 2023 R•$ta¢od Income frorn: Donotions and led•S ch8rii4bJè a¢tlvttias Oth8r tr8din9 8c¢ivit Investments 125,356 6.201 62.181 14,266 84,890 2.SOO 431 210.246 8.701 62,812 14,534 229.559 4.879 51.712 13,109 268 Total Incom• 201.004 88,089 296.093 299.259 Expgndlturg on: Raising funds ¢harKgblg 8Cti¥ltigs 23,127 168,471 1,399 33.427 24526 201.898 20.367 219.938 Toil •xpvndiiur• 191,598 34M26 226A24 240.305 Net galnslllosse$l on Investmènts 978 978 3.703 Nol In¢orn•ll•xpendltur•l 54,241 70,647 62,657 Tr8nsf8rs botsv•8n funds N•¢ mow4m•nt in funds 16,406 54,241 70,647 62.657 Ron¢1•t¢tn ollund*'. Totd funds brought fornard at 1 January 2024 207.160 351,289 558.449 495.792 Total funds ¢awried forward at 31 D8cember2024 223,6 405.53Q 629,096 568.449 Th• notes on pages 14 to 24 form part oflhgs¢ Onts
ThÈ Parochittl Chwch Coun¢ll of th• E¢¢l•sla5tlcal Parlsh ol St Mlcha•l and All Angels. Church. Mac¢l•sn•ld Balance 8h¢•t Y•ar Endgd 31 D•cemb•r 2024 2024 X123 Notè Fixed •sstts TaTrglb as96ts Invg8tmgnts 12 13 179.897 190,030 72.631 262.661 Curront aM•ts Debto Cash at bank in hand 14 27,96S 370.647 398.612 52.443 269.141 321.584 Cr•dltors: amounts falln9 du• wlthln ono 0T 15 23,022 25,7 Net current a88ets Net ttss•ts 629,096 558,449 Charfty Funds Restrkted 15 16 405.530 207,160 351.289 Unrestrfcted Totsl ch•rltyfund¥ 629.096 558,449 Th• finanr481 statemenis ww8 approved aulhowised for issue by PCC on 23rd IAarch 202S SKJnd on beh8W ofthe t)ard oftrustees.. Laura Mummery. Tru$to8 The notes on pag•s 14 to 24 form part ofthese aCc)Unts 12
The Paro¢hlal Clwr¢h Council of the Ecclo8iaBtlcal Porl$h of St Mieha•l and All Angets. ChUh. Ma¢cl•sflold St#tsm•nt ol Cash Flows Y•ar Endod 31 Dec•mber 2024 2024 2023 Cash Flow fr¢)m opor•tlng aciv5tles 96.952 44,239 Cash Ilow from in119 •Ctivi¢ig• Purchase of Rxed Asset$ Interest receNed 4554 3.435 Il•t ineMas•lld•cr•ase} in cash and ush 0qulvants 101.508 47,674 Cash and Cash equlvalonts at 1 Jonu4ry 2024 269,141 221,467 Cash and cash equlYaleb)ts #t 31 De¢•mber 2024 370.U7 269,141 Cash and ¢ash •qulvalonts ¢onJlst of: Cash al bank in In hand at 31 Dec8NI)ar 2024 370.647 269,141 Ro¢onelllatlon n•t In¢om• to nèt cash flow from gP•rntlno ¢tl¥its•• Net Income ftr year 70.647 62.657 Interest receNable Depieciation LossllGainl on inv•stm•nts Ilncrea5eydecreas8 In debtors In¢reaselldecrease) in c¥&Jhors 14S54) 10,133 19781 24.478 12,774) (3,4351 10.133 13,7031 {21.426} 13 Net cash fknw from opwating acllvitieB 96.952 44,239
Thg Parrthial chUh CouTrell of lh• Eecl•siastical Parfsh of St Mtcha•l and All Angels. Chh. Maeekall•ld Not•s lo th• FIMnclal Statsmtrnts Y•ar End•d 31 Dg¢gfflbgr 2024 I Summary of slgnWle•nt aeeountlng poll¢les () General Inforrnatlon and basls of praratIOn The Paroch1 Church CoLthciI ofth$ EIe¥lastICal Parfsh of St Mlchael and Amg81s' Church, Macclesfield i8 a Church of England P8ri$h vthin ihe Diocese of Chester. It is an uninwrporated ¢harty register¢d wlth th Charty Comm15slon. The address of the regi$l•Ted office is St Michael and All Angels, Church. Market Place. Macd8sfield. Chtrshiie SK10 1DY. The nature of the charitys opèrations and prinLyP818ctrtI&5 arg Ihe provlsion of regular public rship. the provision of pastoral work. the provision of the leaching of the Christian failh, thg rKornotion the ChdsU8n falth and the support ol Charities Involved in Christhan outreach and developmènt. The charity constitutes a public b8n8frt entity 83 defined by FRS 102. Th8 financkil statements havo been prepared In 8ccordAnt• with th• Church Accounting Regulations 2017, the ChÈrfOès SORP IFRS 1021- Accounting and RewKtsng by Ch8rities.- Stalernent ol Recommended Practi¢9 applicable lo charitses Preparing th&lr ac¢wnts in 8ecttdance ¥Mth the Finoncial Reporllny Stsndard apiCable in the UK and R•public o flrdand IFRS 1021 leffa¢tfve on 1st January 20191, the Finandal Reportln9 Standard applble in the UK and Republic of Iralond IFRS 1021 and the Charlues Act 2011. These financaal 8tatern8nts are drawn up on 8 Wng cceM basis under the historical cosl ojnvention, rnodffied to Include certain Items at fair value. The financrJl statements are prep8red In slerling. vh)ich is the funthnal i#Jrrency of th8 eharity, rounded to the nearest £1. Tho slgnmcant accounting kK)lici9s 8pplied in the pparatIOn ol these flnanclal gt8tements are set out beknv. These poliryes h8ve been ca)nsislentty appli to all year5 pres8nt¢d unlgss otherwise slated. (bl Funds Unrestrictgd funds are available for us& at thè diSclin of th8 trust888 in furtherance of the gengtal obJ8ctfv08 of th charity and which have not been des19nated lor other purposes. Design8led funds comprise ntricted funds that havè be8n sèt aside by the trustees for particular pur$9$. Th8 aim and use of each deslgnated lund is ¥8t out In the notes to the financial ststements. Re3lrictsd funds are fijnds which are to b8 us8d in acoJrdanc8 urith 8pecrfK restriCtnS Im&ed by donors ¢y whKh hav8 been raised by tha charity for particular purposes. The cost of raising and administering Such funds are chargad against thè specific fvnd. The aim and use of each r85bict8d fund 18 set out in the notes to the financial Ststsm8nts. 1¢) Inconw r•cognltlon l in¢orning r¢sovrces are included In the Statement of Fln8n¢i•l Adivthes ISOFAI wthen the charity is legalty gntiued to the income alter any porfomionce conditions havg been mgt, the amovnl can be measured reliabty and it is probablè that tho Incom8 be e1ved. For donations lo be recognised th• d)arity wll havg been nollfied of Ihe amounts and thè s8thement date ill TIting. If there are condltlons attachéd to the donation and this requires a levttl ol perforrnanc? before entilltrment can be Obtain thèn incom8 15 d8f8rr8d untll those condttlons are fulty m&1 orthe fulfilmènl of those coThaitk)ns thin the ¢ontrol of the ¢h8rity and it Is probab that they will b8 fulfilled. No amount is In¢lUd in thg ffinarrial statements for volunteer timè. 14
Th• Parochial chUh Couneil of the Ec¢le$la¥tkal Pari8h of St Mlchael and All Ang•k' Church. Ma¢cl•sfield Notos to th• Flnancl81 Stat•m0nts IconLI Year Ended 31 D•comb9r 2024 1 Summary of slgnllJ¢ant aecountln9 poliei•x leorbt. (¢1 In¢orne recognttlon Icontlnu•dl For legacies. 8ntitlèmènt is the earfler of th8 eharrty being nolrfied of an impen¢Jlng d1s1ribjt L¥ Ihe legacy bgirvJ receiv8d. At point income is reco3nised. On occasKJn legau•s wll be notifie(I to tho tharity however it is not posslble to moasure the amounl expected to b8 dlstrlbuled. On these cLasions, th• legacy is trèated as conting•nt as88t and dlsclosed. Irme from tradlng ac11ve$ Includes inwmg garned from hJn¢Jraising events and tradlro activib88 to raise fvnds for the charity. Ineoma is re¢eTved in exchaThJe for Suppn9 goads and seNices In orderto raise fiJTrJs and is Tecognis8d vth8n entstrnent has oc¢urred. Income from gronts Is racogfti$ed at fair value when the charity has entitlement after any perfomianc8 condllk)ns have bogn m¢L11 is probable that the Income will bg rocelved and Ihe amount can bè measured reKthy. If Sntitsment 1$ not m8t than th&s• amounts are deferred. Inv¢$lmgnl income is eorn8d 1hrtXJgh holding as88ts for Invesknenl purrM)ses. Interest and dividend incomo Is recognis8d as th8 eharitys right to recelve poym&nl Is ¢$tatlished. Idl Expendlturg r•cognltlon AU exponditum is account8d fry on an accnwls basis ¥nd has been class1118d und&r hea¢fings that 8ggregat• 811 costs related to the Category. Expendthre L% recogni$8d where there is a18gal or constructwe objigalion lo make paents to third parties,11 is probabte Ihal setU8ment will be required and the amount of the obligation can ba m$a$urgd rdiably. It is elassified undar the follong headings.. cost of raislng fun¢s - expenditur8 1)n charitable aclivitres The eharty rs not registered for VAT. Advéty éxpenditure includes thè associatgd VAT 8lomenL le) Tangibl• fixed a55ets In accordan¢o th the direction of s101211818nd Icl of the Charlues Act 2011. ry)n3e¢raled L4nd and building5, the Ro¢1ory and church furnishings, which require a faculty for theSr disposal. are exclude(J from these accounts. All expendliure on 5vch items, %thethor malntananc8 Lyfor improvement, Is writtgn off whgn it Is Incurred. To support Its role as a tralnrng parish, lh8 PCC has own8¢J a frgehofd property Sn whlch a curate is able to liv• during thelr time wthin the Team. In 2019 th• PCC d8cided lo dispose of th6 &$t1j property arxl to pureh88e a smalbr. more manageable one. The orlglnal propetywas valued at cost. The acquisitson of a leasehold mgW5 property was completed on 16 Octthr 2020. vur[n9 Ihe proceed8 from the earlr sale. At Ihe dat8 of 8cquis0n, th• UnpIred lease temi Is 160 years. Thg PCC recognises thht 168sehold proK*rbo9 shoukl rKJt be h8ld Ind811nrtety and recommends that this ownership bè r•viewed regularfy. The propety is to be dgpr8dal¢d on a straight Ilne basls over flfty years lo a resu21 value of £70.000. other rt$m$ of equipment costing mLYe th8n £1.000 are depcIated on a stsight basis over four ygars. It8ms costing less than £1.000 are written off Sn year of purchgsè. 15
The r0¢h141 chUh Councll of th• Eed•sia8tieal Parlsh ot st Ml¢ha•l and All ng•ls' Church. M8eel•sfleld Notes to the Flnanelal Slat•ménts {¢¢nt.I Y•r End•d 31 Decembgr 2024 1 Summary of slgniffeant accounting policieg IconL) lfj Invsstmortts The Investrnents are wllh the Chester Diocesan Board of Flnance. Thè )8rd noltheg Ihe charity of the year ¢nd valuation of Ihe investments and transfers in¢tsmo to Ihe tharity as it arises. Changes in Ihe fair v81ue art recognlsed in the SOFA. Ig) Deblors and cre¢JStors r•e•lv4blpIYable wlthln one year Debtors and crtgr$ with rpo Stated Interest rate and r¢olvablg or paydble whhin one year are corded ot transaction price. Any losses arising from impairmenl are recognised in exp•ndiiur•. Ih) Lease• Rentals payable uniler Orernting 18a$g8 are charged to the SOFA on a straigm li basis over tha rIOd of th91g8se. 11} Going eonrom The financlal stalemenls hav8 baen pr8p3rgd on 8 golng concem basis as the trustees bgligve ttsgt n¢ moterlal uncertalntlès extsl. The tru51ees have consSdered th• 18vel of fvnd5 hebJ and the exFdod level of income arKI expenditure for 12 months from authorising Ihese finanaal sla¢ements. The budgeted incom and exp8ndibJr8 is suffieientwilh thglgvel of reserves for the charity to bg at4$ to ¢orTbnue as a golng 16
The Parochlal Chur¢h Council of the E¢deslastl¢al Parish of Sl Mr¢ha•l Bnd All Angel8. Chuh, MaKl•sfi•ld Notes to the Flnanclal Stat•m•nt$ l¢onLI Year End•d 31 December 2024 UnT08tricted Restri¢t•d 2024 2023 Re6tsi•d 2 Income frorn donation• •nd le01•5 Plann9d giving Tax redaims C donations and Legacles and donab.ons Grant In 86,205 19,355 15.981 3.815 125.356 9,254 5,038 22.348 48,250 84,890 95,459 24.393 38.32 52,065 210246 ,425 23,630 115,254 250 229.559 3 In¢om• from ¢harltsbh actl4TIII•s Wedding antl funeral fe8S 0th8r incom8 6.071 130 6.201 2,500 8,S71 130 8.701 4.879 2,500 4.879 4 Incorne from othortradlng ocllvl¢lg$ Open Door and ¢Sher trading Other 55,864 ,517 62,181 251 55,915 0,697 62.4512 45,295 6.417 51,712 180 431 S Income from Invesknents Propety InMe DNidends and interest •xch&aing t2X 9,980 4,286 14,266 9,980 9,674 3,435 13,109 268 268 14,534 6 Expendilur• on raising funds Cosl ol appvng forgrants Management eorm)ission and invastmgnl propeity repairs Open Door and other tradlng 1,398 1.398 2.137 20J91 24.526 2,137 20.990 23,127 2.640 17,727 20,367 1.399 17
The Pro¢hial Church Council of the E¢¢l•$lasllcal Parish ofst Mkha•l and All Angels. Church. Macclgsffl•ld Notss to the Flnanclal Statsmont$ {¢onLI Ye•r Ended 31 December2024 Unrestrlcted R•stri¢tod 2024 2023 R•stat•d 7 Expendltur• on charllabk •¢tlvltiES a Mlnlstry Oiocèsan quot8 Cler9y and youth wcfk •xpgnses Weddlng and funèral cos¢8 Worshlp ¢o$ts 0ry4ni5ts and organ188t>n8 Outr8ach Dotn8- Iseu note 8 1r) 5524S 55245 58.419 612 1361 450 414 3,040 7,146 1.447 100 68.510 480 3.106 4.673 6.696 1,169 100 66.720 450 278 4,9CO 74,914 1,790 b Premlses Utiltiès Cleanlrvj R•p8irs M8inlen8r D8predatlon Churthyard improvement8 Insuranc8 Equlpment C18rgy houslng costs 30.219 12,595 20,140 9,745 30219 12.595 21A42 23,337 10.133 320 10,428 1.636 3.137 113346 31,939 13.372 28,705 21.067 10,133 1,302 13,592 10.133 320 10,428 576 10.275 1,059 3,137 29,223 5,577 121.068 84,023 C AdrrMni5tration and 8UPPOrt Administration TeleplKJne Printi & St8tton8ry Off8 EqUIpTrn¢ Other 15,305 10 221 2,C60 15.526 2,070 11 9TT 1.558 16,285 3.044 3,380 11 977 1,425 17.728 133 2.414 1.247 23,956 Tol81 charitable acbvibes 168.471 33,427 201.898 219,938 Inehjded wlthin Administration 18 the mUneral10n forthe 1ndapWonl examiner annIV to £93512023- £7501 8 Donatlon8 -{In¢luded In 7•. abo¥•l Church et home and overseas Scu18r charit5 100 100 11)0 100 4.788 4.900 18
The Paro¢hlal Church Council of the EccleslAStk•l Parfsh of St Micha•l and All mgels' Church. Ila¢cl•$ll•kl Nots8 to th¢ Flnanclal Statn•ts l¢onLI Year Ended 31 December 2024 g Nnaly61• ol Expendlturè Oth•r 2024 2023 RestatBd Raising lunds Charitable aclivthes Ministry Premises AdMIStraen bnd support 18.192 8.334 24526 20.3e7 68,510 101.346 7,673 68,510 113346 20,142 74,914 121,068 23.956 11.900 12,469 Total eXndItur• 40,561 185,863 226,424 240.305 10 Trustsè irrformation No tNste8s reeive expenses foi their rts 85 8 Iru$tge. However, all verfllable endItU, paid by individu818 rm behair of St Michael'5 and the T8arn Ministry, is reimbursed to thos8 individua15. The total rnbur8ed to Individuals who ar• also tru$tg¢¥ amounted to £1,84712023- £2,267). kn &ddlDon thg parish pays council tax dlrect to Cheshlre East Council on an Clergy housing. Coun1 tax amount8d to £2.68712023. £4.6611. Coundl is covorod by the tsnant whon a clergy house L% belng r8nt4d OLrt and Is Trjt payable on an empty propetyduring a v8¢an¢y. 11 Staff Infomiatlon There dr6 Glx part-fjme members of staff {2023- VeThI. The totsl rernuneraticn, induding emptyr p•nsbn ¢¢ntributions, arnountsd lo £40,65112023- £39,B681. In August 2016 the PCC adopted the NEST AUtrtrnrolrn&nt defin8d fmtributSon penslon s¢h8m8. Employer and Ernpbyee Gontributic5 aro r8cord&d In Ihe SOFA ond have been rtmitt8d in accDrdanc8 wlth Ihe regulatigns. 12 Flx•d As$•ts Loasohold Equlpmnt 2024 2023 Cost as ot 1 JAnuary 2024 Additr(S during the year Cost as at 31 De¢8mb8r 2024 184,285 31,386 215.671 215,671 184,285 31.388 21S,671 215,671 DepOn 88 * 1 J8nuary 2024 Deprecladon for the year Dtrpretiation as 8t 31 Decernber 2024 7.331 2,286 9.617 18,310 7,847 26,157 25.641 10.133 35,774 15.508 10.133 25,641 NBV 88 8t 31 D8C8mber 2024 174.668 5,229 179,897 190.030 The 1988ehoJd property 18 21 Arbour Mows and 1$ hold for6uch as St Mltha81's has anothw Giwatg. Vvhen ther8 1$ no Curats It 661828ed out to genÈr*e funds for St MKhaef$, Th8 income Is e0rded in nots S. The audio w$ue4 •nd streaming project was comwed during 2021 vthen th• c05t was added to flxed ass8ts. 19
Th• P*ro¢hial Church Counell of the E¢¢Ilast1¢al Parf5h of St IAlcha•l and All Ang•h' ChuKh, M9¢¢IoId Not05 to the F5nanc181 Statsmonts l¢onti Year Endod 31 Dec8mb¢r 2024 13 Inv8Stmenls January 2024 Aldttlons Dhpo8418 Unreallsed GaJnl(Los$l Decernbw 2024 CBF Investment at Chester CBF Ooplts 42,717 29,914 72,631 42.717 30,892 73,609 978 978 Unr•8lrlthd R•strlctsd 2024 2023 14 Debt•rs Ministy Premises Administration and Support 22.127 5.838 27.965 39.955 12.488 Deblors and prepaym8nt8 22,127 5,838 27.965 52,443 1S Cr•dit?rs: amounts lalllng du• within ono y•ar Minlsty Premk%e5 Admlnlstralion and supwt 10.596 10.704 935 787 11.383 10,704 935 18,800 5,877 1,119 Creditor8 and Acc21$ 22,235 787 23.022 25,796
Th• Pamchlal Chuvch Councll of thè E1•$1•51•I Parlsh ol St Ml¢ha•l and AtINmg•l$' Chur6h. Ma¢¢iesfRld Not85 to th• Flnanclal St•t•mMts l¢onL Yoar Ended 310vcemb•r 2024 16 Fund dots11s January 2024 In¢0 Exp•ndltu Unr•all8ed GalnllLoMI Transf•rs D•mber 2024 R•slrfcl¢d Funds T••rn Gtrnèral Fur yth FId Tmm Fund$ 10.725 3,811 14.536 15,9011 121 6.907 3,690 10,597 2.083 8t Michael Fed Assets Investments 190.030 72,631 86,040 3,652 1.492 110,1331 179.897 73,609 131,56B 428S 978 Blding Fund Bdlrfnger8 Choir "a FuThJ Di4rttion8ry Fund 81 Mi¢h•f• Fur¥ 81.565 1.511 1.120 1,810 116.0371 18781 14501 115 1.36(1 2,793 394933 2,908 338,753 28.804 978 Tolal Ro•trkt•d Fundts 3512B9 97B 4QS 530 UffjTetsirfcl•d Funds st Mkh08f$ Eco Fund 12951 442 2Q2 13&816 134OB8 Dgnated Capit81 Pr4ect8 Fund Deslwnated Funds 133.866 295 442 St Mlcha•l's Woiklng Capltal BuikdiThJ Management G¢n¢ral Funds 72,r14 500 73.274 207,949 1191,3031 14421 84978 500 191.303 442 Totsl Unrestrlcted Funds 207,160 211566 Totsl Fund• 978 Ro8trf¢t•d Fundi Tearn General Fund - Th8 restrthd TOAM fvnds are held on beh8ff of tt)e Indfvidu81 churth&$ v•thin the Team. These funds are held as Wor9 capftal tc+ on-o¢ing eypendilure Irrred by th6 T68m MiNstry. Youlh FurKI_This lur 5UPPCrfts the i01 yoth worf(8¢lvll1tr8 otlh8 Tearn Paish. Mrffley w8s glven sptrdtsty to gupport thi8thth. St Mi¢ha81'8 Fixed thets- ln the reorganlgalk)n of 2010 th• T•am Aswts passed back to th8 Local Parlsh05. A8 training partsh, St Mlrtha•l's PCC Wov06 accommodati fora £#Jrat¢ In tralnlng. Thy6 prcyerty18 In¢luded fix8d asset$. The aud{111 and 5trg8mln9 equlpffnl Ls Indud•J vthln Ilx¢d 06$0ts. Inve4lment8-The Inve8lm8nts 8r• hd and man8ggd bythe Chesler Thoce88n 8od of FIra. 21
The Paro¢hlal Church Councll of the Ec¢lEsiastical Parish of St Mkhoel ¥nd All Ang•l$' Church, Mac¢l•sfleld Not•s to the Flnan¢lal Stat¢m•nts Icont,) Year Ended 31 D•rnr 2024 16 Fund detalL {ci)nt.} Reslrlcted Funds (con¢J St Ml¢ha•lb {cont.} BuiJiThJ Fund- TNS Is a capllal prole¢t fund towards th8 upkeep and Improvement of Churth buildlngs and property, incltyJlng ourh8alNJ sm¥. AS 1[ as r8ceNing regular donations thi5 8ccount used to collats
nabon5 for specffic capltal prole¢ts. Onc8 cornplgted such projects are transferred Into Iha Fixed Asset account. Spacial Collections- Co118ct>n8 may be mado lo Tais8 hjnds for parucular ¢harlable work bythyd parties,. whl St Michael'$ organbes th8 collection Ihe fijll amount Is given to the parCUlar charlty. B8lbingèr8- St Mlchaefs BeNrfngers havè thdr own lund to ¢over dayto day dlsbummanls. clT-st Mich881'8 Choir has ils fwi fund to eovor dayto daydlsbursgThnts. Oi5cr8tionary Fund-Tlws fund 1$ in dIscrlOn of the Rector to supportlh0$9 In nged. UnRstrl¢tedFurtds St Mlchaef$ De8iqna18d Fund- The Churth cnl. being aw8re of their re8ponslbllity for the renoval)n works IwghlwJhted by the QulnqJennid Inspectir. togetherth worktng on our"N8t Zero" Routemap, have d8slgnated funds towards those requlr8mgnts. Thgse fvnds h&v$ been drawn frDm th8 Unrestrictsd General Resèrvè and comprlso money recelved by way of 90¢y10g0th0r wrth aTh)unts relumed from Ihe St Micha8fs 8lerrnl ofthe Ttr8m Fund. Gener81 Fun(1- ThIs Os the general CAsh lund 8v8ilable for day tts day disbuwsern8nts. This th• balBnce has b8•n reduced io creat8 a deslgnated fund major capital projg¢ts. Bulhjlng Management- For ease of management we hold a 58parate bank aCcnt for booklngs and runnlng of lh6 Opan Door Café. Money transferred to th8 St Mkhael's 98n8ral fund on a rggular basis. Thi8 8¢counl 18 al80 included wthin unreslrfcted funds.
The Pro¢hl•l Church Coun¢ll of the EC¢les1astal P•rJsh of St Michael and A01$, churc M4¢¢hsfiold Not•8 to th• Fln8n¢l•l Stat•monts Icont.) Yr Ended 31 Decornber 2024 17 Transl4f8 b•lw••n fund¥ During the year £442 was transferred from the unresfficted worklng capftal fvnd to th8 new unrestrlcted acthnd, 6stabllsh8d forcolb¢t(ng amounts r8isad 8pgc1fl1IY for prrlects designed to reduce our carbon footprint. 18 St Ml¢ha•f$ Bulldlng Fund and Capital Projécts Fund The PCC are mindlul of the fijrfher work wuired lo $w all projects cornp18t8d on a tlmety basi5. As weu as it8m8 highllghtefl thg qUiTr4uennial report thero Is h nèad to follow Jf"N6t Z8ro" Routemap. Coffoletlon of these plans is intended to maxfjmlse the use of St Mithaefs both a3 a 8¢e olworshlp and as a ccmmunty ass8L Combining those tt¥o lund8 Is int8nd8d to Indl¢8le what cat4tal L% aVaIlab to gpond on these 8vJnificant prole¢ts. Januwy 2024 In¢om• Expgndllum Trnnsfers Decemb•r 2024 BU[kn9 Fund D8svJnatsd Capital Projecls Fund 66.040 133,886 199,926 81,565 116.0371 131.568 133086 205,454 81.565 116.0371 19 Fyture ¢ommttm•nts Th• PCC rèc8wed Ihe18test Qulnqugnnkl Report dng 2022. Th8 r8POrt highlighigd a numberof copilal rèp8ir8 Ihet nged to be und¢rtaken. Costings hève b88n sought. togelhèr vthth grant rinanc8. Th8 PCC is progr8$$ing Iho rnost urggnt of these, for which 8uffiuentlund$ have been rhised orwill b& rec81v8d to albw these r8pair5 to procsèd. For thg other repairs. th8 PCC will not make these repays until Iheyare satlslled ihat sufflclent lund$ are held to complete thtr wowk. The PCC 1$ not awarE of otherfulur8 ccffirnitments. 20 Contln9enl •8sets The PCC has been nolfkd of 8 lagacyto b¢ re1ved. rt Is rKTrt P0$9Ible to mo8sur& thè 8ftTrJunt expected to be dtritEd and t4nsequÈnttythe legacy h8$ nol been rectynised in thE accounts. 21 Contlngwlt Ilabllltles Th8 PCC is not aware of anyrA)nOn9ent ILgblrtio$ not prov¥Jed for in th9$9 a¢Unt$.
Th8 PaM¢hlal Church Councll of thè E¢¢les1•5tical Parl$h o18t MIGhael and All kngols. Chur¢h, MaC¢l•Sld No¢•8 to th• Fln•n¢lal Statèm•nts IconLI Y¢ar Eb)ded 31 D•c•mber 2024 22 R•statam¢nt of prfory•r comp•r)tfv•• Adjus1rn8nts have been made to the cornparatlve figures, kn I1 wth Accountiry pc4KieB 1¢ and 1d, a¥ set oul beljw. Theso have had impacl on the net mv8m8nt In fund$ rèportèd for 2023. 1. Anh)unts recVed for third party auencie5 provldlng s8rvlce$ forwoddlng and funerals havo be axcluded from in¢ome frcffi Ch8rftsb act89 and eyperKlitur8 on charitable Bctlvlltes 2. Rental incom8 from prety inv•$tments has be8n restated gross of nwnag¥m¥rf wrnmisslon And rwir4 are Tr)w included WbIn exndibjre on raising funds Affrf)unts reVed from oth8rTEAM ¢huth5 to b8 pald lo Ihe Dloceso an oxcbjdgd from oth8r Inme and gxpendlturo on ¢harttable actMt(0$ {Dioce8an quota) The inya¢t ofthese OdJ1rn8nts on the fiwres for th• ar to 31st D8cemb8r 2023 has bwi shown below.. D•c8rnber2023 R•port•d Unrnsbkt6dfynds Incomo from charllabl8 adwt49S Wedding and funeral fees 12.607 17.7281 4,879 Income from inveJlrn8nts Propety Irm& 7,034 2.640 9,674 E¥p8ndthJre on charitable a¢tMI•s Mlnlstry- Dlocesan quota Wedding and funeral costs 60.074 60x174 6,208 (7.7281 Expenditure on raising funds Managem8nl commi$sron Snvesknant prLyerty repairs Trandors boiwagn lunds 160.0741 160,0741 Restrlcled hmds Other incoma Parish sharg- TEAM churchès 70,254 170,2541 Expendilurg on ¢haritsblg activittes Minktry- DhxÈsan qutsta Tran5ters b8ttve8n 128.673 {130,328 11.0551 80,074 60,074 24