Charlty registratlon numbor.. 1146048 Tho Parochlal Chureh Councll of the Eccl•slastlcal Parish of St Mlchael and All Ang•ls' Church, Macclesfield Flnanclal Stat•rn•nts Yoar •nded 31*t D•cember 2025 The Parochial Church Coun¢ll of the E¢¢lesiastirAI Parf$h of St Mlcha•l and All Angels, Church, Macclèsfield Flnancial Stalem•nl$ Y•ar Ended 31 De¢omb•r 2025 Contents P•ge Charity Roferon¢ès and Administrative Detailg Tru$lge$'Annual Rgport Independent Exam￿r.$ ROF•)rt 10 Statement of FinwKial Activrfies {IntkKlky Income and ExperKlituro Aecounll 11 Balance Sheet 12 Statement of Cash llows 13 Notes lo the Financial Statements 14 The Parochial Church Council of the Ecclesiastlcal Parlsh of St Michael and All Angel8. Chur¢h, Ma¢cle$flèld Reference and Administratlve I￿OrniatIOn Year Ended 31 Decembèr 2025 Charity registratit￿ numbar: 1146048 Trustees.. Rakesh Alexander Martin Bancroft Licensed Lay Mknisterlgx officiol {ap￿inted 1111 Octob&r 2025) Vivien Gisby Associate Minister (ex offlcio) Hazel Hrdden Deanery Synod Matthew Lewis Churchwarden lex offiGio> {ele¢ted 23￿ March 20251 {eJocted 23rd March 20251 Rachel Mayers Churchwarden lèx offieiol Laura Mumm6ry Treasurer P8uI Mummery Deanery Synod Jonathan Porter Anne R8dmall Paul Simms Ruth Simms Deanery Synod Lynne Spedding Licensed Lay Mini$ter18x offluol Paul Spedding Martin Stsphens Rector lex officio) Michèel Struit Licensed Lay Minlster (ex offlclo) Helke Werner Katie Wll¢ock Jennifer Wild Trlua Wllson Parish office: St Michael and All Angels, Church, Market Place, Macclgsfield, Cheshir8, SK10 1 DY Independent Examiner. Bright Partnership Ll Suite 1, Armcon Busine$5 Park. London Road South, Poynton. Cheshire. SK12 1 LQ Bankers.. Royal Bank of SGoUand. 1 Spinningfields Square, Manchester, M3 3AP The Paro¢hial Church Council of the Eccleslastlcal Parish of St Michael and All Angels. Church, Maeclesfiokl Trustees, Annual Rep¢)rt Yéar Ended 31 December 2025 Introductlon The Parochial Church Council IPCC} of the Parlsh of St Michael and All Angels. Macdesfield presents 11$ Annual Report and Accounts for the year ended 31 December 2025. The members of the PCC aro the Irustees of Iho Gh?rity. which was regi5ter8d with the Charlty Commission in 2012. From 2010 th8 thurch has b88n part of the Macclesfield Team Ministy. The four individual churches. which make up the T8am Ministry, St Michael and All Angels.. Sl Poterfs. All Saints, and St Bamabas., ar8 constituted as a Team Ministry under Ihe Church Representation Rules of the Church of England. This structure gives us the best aspects Of being a Team, with real power at the local congregational 18vel. Each church has its own Parochial Church Council (PCCI. holds ils ¢)wn APCM and produces Iocol accounts wllh lull authority Qvgr its own affairs. A Team Council has been f￿med. as is required by the legislation. This council does not have ils own legal power, but only that whlch Ss d8legated lo it by the four lo¢al Churches. The Parish Shar8 for the Team Ministry is paid to the diocese vra the Team Council. It has been agreed that Sl Michag18nd All Angels, PCC wlll assume the responsibility of a¢counting for all $har8d T&am actthlles. This s&tof accounts records the aGtwilies of Sl Micha81 andAIIAngels' together with thos& ofthe oenlral shared Team activities. Objectlves and Activities The objective of the PCC is to promote the Gospel of our Lord Jesus Christ a￿ordIng to the doclrin8s and practices of the Church of England. Our mission statement is: 'To worship God, shar6 Ihe gosp81 of Jesus Chrlsl, welcome all who come, and contributg lo the flourishing of the Macclesfield communty.. Three strateglc oblecllves help the PCC lo plan and locus Ihew activities= Encountering GLYJ through St MKhael's lour people and our buildlngl Expbring and Nurturing failh Celebratirg and Sustalnlng God's creation. The work 1$ cantred at St Michael & AJI Angels, Church, a Grade r listed t￿ilding. Whllst malntaining the use of this building is not essential lo our mission. the building serves as a focus for activities and in itself draws peopl& in, so is a valuable tool lo support our mission. The PCC does all V( can, within rts The Parochial Church Councll of the Ecclesiastical Parish of St Michael and All Angels. Church, Mac¢lesfleld Trustees, Annual Report {¢ontlnu•d) Year Ended 31 December 2025 means. lo maintain and develop the fabric so that current and future generations can $hare the mission of those who have gone before. Achlevements and Perfomiance Encounloring God thmugh St Mlchael's Arange of opwt1wilies forworship areoffered. Churth Family Worship, wlh Eucharisttsvice per month, occurs each Sunday moming. and includes aclivlties for children (under 161. 11 Is live-streamed for the benefit of those who cannot attend in p8rson. There Is a monthly service of Choral Evensow (also streame(l}' Wednesday moming prayer meetings on altemate weeks," a traditional mitheek service (Thursday moming) which atternates be￿een Eucharist and Momlng Prayer,. led prayer (also streamed) on a Monday morning.. Friday morning Contemplative Prayer,. and weekly online Compline on a Friday. Occasional services, such as tha Remembering. Healing, and Christmas Carol Servi￿$, give wople from the wider community an opporbjnily lo encountèr God. Our Savage Chapel is open dally for privat8 pray8r and rellecllon. In 2025, srx couples chose St Mi¢hael's forth8lTwedding. there w8re thirteen baptismg, thirteen fvnerals in the ¢hurch building, and eleven condwted at the crematorium by St Michaels, ministers. . The church bulldNig is opon daily.. all are welcome. This is made possible by a Café, stsffed by volunteers from within the chur¢h and also from the wider community, and a patd manager. This provides a place lo rest, and lo meet others., the Gafo is regislored w￿h Chgshir8 East as a Warm PlaCE. Those who cannot afford to pay are offere(I free refreshments- drinks and almost 600 meals were g￿en away in 2025. Over the course of the year. several thousand people have visited the church building.. lo allend concerts and events. to explore the heritage, bul also. inlenlionally or othe￿se, lo acknowledge and explore a Spirllual dimension. A range of introductory literature and alds lo prayer are avallable, particularty for times when personal conversat*)ns are not possible, or not desired. A project was compjeled in 2025 to prevont some of the water ingress into the church fabric. The roof of the church tower was renewed, and gutters repaired, or remodelled lo deal with wrrent rainfall patterns. D&veloping and Nurturing F81th People are encouraged 10 nurbJr8 thelr faith and davelop thèir ChrSstian dlscSpleship through activilios at St Michael's. There 15 leaching and prayer at all the services dèscrlbed abov8, and several ￿gUlar opportunitl8s for group pmyer and indivldual prayer support. There is encouragement to develop understanding by discussion after Sunday services, join in short study courses and by membership of a regular study group. One church member completed 8 three-year training programme, and was The Parochial Church Council of Ihe Ecclesiastical Parish of St Michael and All Angels. Chur¢h, Macclesfield Trustoos, Annual Report (contlnuod) Year Ended 31 December 2025 licenset18s a Reader (Licensed Lay Minister) lo lead services and to teach. The Mlnlslry Team has been fvrther enhanced by the addition of an Associate (Retired) Minister. Celebrating and SustaiThng Gods crnalion The thurch holds 1he ARocha Sllv&r Ecochurch award in r￿ognItIOn of its efforts to reduce th8 enVir￿mental imp8cI of its activities, ils building and its people. and its engagement with the wider community to promote sustainability. In 2025 considerable progress was rnwje lo reduce the carbon footprint of lh& building. Lighting in the Worship Space and in the S8V0ge Chapel w85 replaced with 8 fully LED and flexible system., modern, more efficient boilers were installed. with improved heating control to reduce the ￿ed lo heal unused 8re8s. Plans ar8 being developed lo fvrther reduce fossil fuel consumption by replacing all remaining lighting with LED and installing non-gas healing in som8 ar8as. Planters and signage have been intr(xluc&d to the olherntse-paved churchyard. On three days per week. our café uses mainly surplus food to create meals and snacks, lo highlight the issue of food waste. Publle Beneflt The Iruslees have considered the guidance of the Charity Commission on public benefrt and believe that the aims, objectives and services provided by the charity comply with that guld8nCe. R•fefen¢e and Administratlon The names of the trustees who have served during the ye8r are detailed on page 3. All lay members of the PCC are r￿1$tored on the Elector81 Roll of the Parish. The PCC is responslble for making dècisions c*) all matters of general concem and ¥nportance lo th8 parish including deciding how the funds of the PCC are spent. PCC Responslblllty to produce accounts The councll Is responsible for tts annual report. and the preparallon of the financiol statements for 8ach rinancial year which give a true and fair view of the incomng resources and application of those resources to the charity during the year. and of the slate of affairg at the end of tha financial year. In preparing these financial statements the PCC ar8 required lo.. ensure that suitable accounting poli¢ies are e5tabli5hed and aP￿ted consistentty., make judgements and estimates wh￿h ar8 r8asonablè and prudent. Tho Parochial chU￿h Council of the Ecclesiastical Parlsh of St Michael and All Angels, Church, Ma¢clesfield Tru5tees' Annual Report (continued) Yèar Ended 31 December 2025 state whethgr the applicable accounllng standards *nd statement of recommended accountlng practice have been followed, subject to any material departures disclosed and explained in the financial statements,. and preparo the financlal ststements on a going concern basls unloss 51 is inapprotxiate lo presume that the charity will conliwe in operation. The PCC has overall responsibilty for ensuring th81 the charity has appropriate systems and controls. financial and otherwise. Thay are also responsible for kggping proper accounting records which disclose with reasonable 8c¢uracy at any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011. Thoy are also responsiblè for $•feguarding the assets of the charity and for their proper application as required by charity law. and hgnce for taking reasonable step$ for Ihe prevention and detection of fraud and other irregularities and to provide reasonable assurance that: the charlly is operating efficiently and effectivgty., all assets are safeguarded against unaylhorised use or disposition and are property appled., proper records are maintsined and financial information used within the charity, for publi￿110n, is reliabl&', the ch8rty complie$ with relevant laws and regulations. Safeguarding The PCC has adopted and fdlows the Church of England's 'Prornoting a Safer Church, safeguarding policy. PCC memb8rs ar8 individualty DBS have visited people who are ill, infimi andlor bereaved, to all who have acted as stewards and to those WFM) work quietly in the background making sure that our parish continues to fundon seamlessly. The Parochial Church Council of the Ecclesiastical Parish of St Michael and All Angels. Church. Ma¢cle$field Trustses, Annual Report (continued) Year Ended 31 December 2025 Investment policy All investments are held within the Chester Diocesan Portfolio. Flnancial r•vi•w Thg accounts d8tail the In￿Me and expenses of St Michael and All Angel$. including the shared finanaal acts'viligs of the Team. The accoijnts show the day to day running of St Michaefs within the Unrestricted figures, whilst the Restllcted figures include Ix)th special Sl Michael'8 projects and all Team expenditure, such funds not belrvj availab￿ for St Michael's general oxpendilure. The total decreasg in funds amounted to £234,53412024.' increase of £70,647). Of thts the unrestrlcted fijnds generated 8 decre8se of £95,379 12024-. increase of £16.406} wfule the movemgnt on the restricted funds was 8 decr8ase of £139,155 (2024.. increase of £54.2411. The decrease in unrestricted fvnds reflected a deficit on the designated capital projects fund of £117.Ik which offset the surplus on the working capital fund of £21.0k. Nel unrestricted gross income of Q11,428 (2024.. £208,004) was broadly in line with the wior year. Unrestricted donations and 1gga¢i8s mse by £10,446 r8fflècting an increase in planned giving and associated gift aid of £8,566 wmbined. Legacies and other unreslrioled donations also rose by £4,470. St Michael and Al AngeL8' has a stewardship schema in place and those making donations are encouraged to apply grft aid where this is appropriate. We remain constantly thankfijl for all those of the Church Family who continue to contribute so generously to support the mission aTrJ ministry of SÉ Michael & All Ang8ls' Church. Incorne from Open Door and other tr￿Ing activities fell by £6,053 malnly as the result of a contlnued reduction in income from room hlre. Our Open Door aclimties continue to briThJ into th8 church many othetwlse mlghl not vlsit and we welcome all who mak8 us6 of our facilmes. We continue lo offèr our thanks lo Macclesfiekj Town Council who work with us kn 8 variety of areas. With th¢ regular demand for toilet facilities within Ma¢clesfield, other providers havlng close(I, we do 8ppreciate a regular conlrlbutlon to our costs for the deaning and maintainin9 of our toilets. Our Music @ Mikes c￿CertS raised £3,410 12024.. £3,995) for Cheshire East Hospic8 and we were also able lo support Biking Bishops, SilkLrfe Foodbank. The Samaritans and the Ukrainion Harvest Appeal through amounts raSsgd al services during the year. Total unrestricted gxpendilure of £306,80712024= £191.598} was higher than in the prior year due to substantial exp8ndilure on the heating atyl roofivoth5 projects, financed from the designated knapital projects fund note above. On the working capital unrestricted fund alone, expendllure fell slighuy from ## **The Parochial Church Council of the Ecclesiastical Parish of St Michael and All Angels' Church, Macclesfield** ## **Trustees' Annual Report (continued)** ## **Year Ended 31 December 2025** £191,303 in 2024 to £189,198 in 2025. This was partly due to a slight reduction in the diocesan quota (parish share) from £55,245 in 2024 to £51,235 in 2025. Within the restricted funds, donations and legacies of £73,437 were lower than 2024 (£84,890) as the latter included a higher level of grant income for the building projects. During 2025, the lighting and roofworks projects were completed with combined expenditure of £197,871 (2024: £14,638), the main factor in the net expenditure on restricted funds of £139,155 (2024: net income of £54,241). This expenditure was financed from the designated capital projects fund which forms a part of the Church's unrestricted funds. The level of reserves is monitored by the PCC on a regular basis. At 31 **[st ]** December 2025 our restricted reserves stood at £266,375 (2024: £405,530). Including the designated building fund, the total was £283,120 (2024: £539,416). The PCC believe that these funds, plus those anticipated to be raised in 2026, are sufficient for the works required on the structure and interior to be undertaken. Excluding the designated building fund, unrestricted reserves at 31 **[st ]** December 2025 totalled £111,442 (2024: £89,680), which comprised nearly 7 months of unrestricted expenditure or over two and a half months of total expenditure. The PCC consider this level of reserves to be satisfactory but will continue to monitor the position closely. ## **Future developments** Over the past two years, the church has been actively involved in the discussions relating to the future development of the Anglican community across Macclesfield. St Michael's has a particular role as the town-centre church but the worshipping communities of each church (with their differing approaches to worship) need to be sustained and supported. During 2024 the PCC confirmed their acceptance of a co-ordinated, sharing approach to the churches' worship, mission and resources, accepting that this entails some significant challenges, and this work continued in 2025. The PCC remain committed in principle to working in partnership with the other churches that are part of this community, in order to grow expertise in mission and ministry, and best focus our activities and buildings to serve the 60,000 people in the town. Signed for and on behalf of the St Michael and All Angels' PCC: Laura Mummery Trustee 9 ## **Independent Examiner's Report to The Parochial Church Council of the Ecclesiastical Parish of St Michael and All Angels' Church, Macclesfield** ## **Year Ended 31 December 2025** I report on the accounts for the year ended 31 December 2025 which are set out on pages 11 to 23. ## **Respective responsibilities of the PCC and the examiner** The PCC is responsible for the preparation of the accounts. They consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the Act)) and that an independent examination is needed. It is my responsibility to: - examine the accounts (under section 145 of the 2011 Act); - follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and - state whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes 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 you concerning 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 present a 'true and fair' view and the report is limited to those matters set out in the statement below. ## **Independent Examiner's statement** In the course of 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 reached. Michael Senior Bright Partnership Ltd Chartered Accountants Suite 1, Armcon Business Park London Road South Poynton SK12 1 LQ 10 Th¢ Paro¢hlal Church Coun¢ll of the Ec¢loslastteal Parfsh of St Mlchael and All *mgols' Church, Ma¢¢l•¥field Statement of FlnanGlal ￿tl￿tI￿ Ilncludlng In¢omo and EX￿ndIture Account) Yèar Ended 31 D•¢arnb•r 2025 Unrestrict•d Res¢rl¢ted 2025 2024 Income frorn: Donation$ and *8¢￿$ Charttable activities other trading actniiti¢s Invgstments other income 135.802 6.005 55,913 13.165 543 73,437 1.340 135 209,239 7,345 56,048 13,165 543 210.246 8.701 62,612 14.534 Total In¢ome 211,428 74.912 286,340 296.093 Expendlture on: Raising funds Charitable a¢￿￿￿0$ 27,163 279.644 27,163 491,964 24,526 201,898 212,320 Totsi •xp•ndltur• 306,807 212,320 519,127 226,424 Net 98hslllosgesI on investments 11,7471 11.74n 978 Net •xp•nditurn 139,155 234,534 70.647 Transfers bemeen funds Net movement In funds 195,3791 139.155 234,5341 70.647 Ro¢on¢iliitltrn of funds: Total funds brought forward at t Janu8ry 2025 223,566 405,530 629,096 558.449 Total funds ¢8rrlod forward at 31 Deo•mb•r2025 128,187 266,375 394562 629,096 The not88 on pages 14 to 23 fcrfm part of1hès6 accounts ## **The Parochial Church Council of the Ecclesiastical Parish of St Michael and All Angels' Church, Macclesfield Balance Sheet Year Ended 31 December 2025** |||**2025**|**2024**| |---|---|---|---| ||**Note**|£|£| |**Fixed assets**|||| |Tangible assets|13|**172,382**|179,897| |Investments|14|**71,862**|73,609| |||**24,24**|253,506| |**Current assets**|||| |Debtors|15|**26,080**|27,965| |Cash at bank and in hand||**134,135**|370,647| |||**160,215**|398,612| |**Creditors: amounts falling due within one year**|16|**9,897**|23,022| |**Net curent assets**||**150,318**|375,590| |**Net assets**||**394,562**|629,096| |**Charity Funds**|||| |Restricted|17|**266,375**|405,530| |Unrestricted|17|**128,187**|223,566| |**Total charit funds**||**394,562**|629,096| The financial statements were approved and authorised for issue by the PCC on 26th March 2026 Signed on behalf of the board of trustees: Laura Mummery, Trustee The notes on pages 14 to 23 form part of these accounts **12** The Parochlal Church Courtll of the Eccle¥1￿￿¢al ParSsh of St Ml¢hao1 and All Ange15' ehweh. Ma¢¢legfield Stat•mont of Cash Flowj Ygar Emled 31 December 2025 2025 Cash Flow from t)pgrating aclivrtios 1239.4971 96.952 Cash flowfrom investing activiti•s PuTch858 of Fixed Assets Interest Tecèlvod 2.985 4,554 Net Sncrea$eIld￿tO8s0l In ¢ash and ¢ash 9gul¥al8rrt5 236.512 101,506 Cuh and ￿$h •qulvalents at 1 Janyary 2025 370.647 269.141 Ca¥h and ¢ash •qulvalents at 31 D0￿Mb•r 2025 134.135 370,647 Cash and ¢a5h equlval•nts ¢on818t of: Cash * b8nk In fn hand at 310ecember 2025 134.135 370,647 Reconcihtion of Income to n•t ¢a8h flowfrom operating actlvltlos Not in(x)me for year 12345341 70,047 Intgre$t rac8ivab Depwiation LossllGainl on invgStThnts Ilncreaseydecrease in dèbtors Increase1{d$¢￿asOl in creditors {19851 7,515 1.747 1,885 113,1251 14,5541 10,133 19781 24.478 12,774) Not eash flow from opefatSng activib8S 239,497 96.952 13 The Parochlal Church Councll of the E¢cle61a$tl¢al Parl$h of St Mlcha•l and Al An9è1s' Church, Ma¢cl•sfield Note$ to th$ Flnanclal Statem•nt$ Y•ar End•d 31 D•¢ember 2025 1 Summary of $lgnMeant accounllng pollclès {a} Gon•ral Infomiatlon and ba$ls of preparatio The Parochial Church Council ol tho Ecdesiaslcal Parish of St Micha•l and All Angels. Church, Macelesfield is a Church of England Parish within the DI0￿88 of Chestèr. 11 is an unincorporated eharfty registered with the Charity Commis&on. The addréss of lh8 registered office is St Michael and All Angels. Church. Market Place. Macclesfigld, Chèshire SK10 10Y. The nature of the charity's operations and prfncip81 actiiqties are th8 provision of regular public worship, tlw provislon of pastoral work, the provision of thg teathing of the Christian faith. the promotion of Ihe Christian faith and the support of chariti98 involvgd In Christlan outreach and dgvelopmenl. The charty constitutes a public benefit entity as dèfined by FRS 11r2. The financial statèm8nts have prgpargd in accordance vmh the Church Accounting Regulations 2017, th& Charities SORP IFRS 1021- Ac¢ounUng and Reporling by Charilies- Statemgnl of Rscommended Practice applicable to charities prep8ring thair accounts in accord8n¢• with the FlnancSal Reporting Standard applicable in the UK and Rapublic o Ilreland IFRS 1021 (effective on 1s1 January 20191. the Finandal Reporting Standard applicable in the UK and Rewbllc of Ireland IFRS 1021 and tha Charities Act 2011. These financial statements are drawn up on a gcwng concem basis und8rthe historical cost convention. rnodified to includ certain items al fair value. The fin8nci81 statements are prepared in sterlin9. ¥vhich L£ the functional ¢urr¢n¢y of Ihe charity, rounded to thè n&arest£1. The slgnlficant aCc￿ntS￿9 pdieies opplled in the preparatlon of these financAal staternents arg sat out below. These polides h8ve been consist8ndy 8pplied lo all years presented unlgss oth•rwise stated. (bl Fund$ Unrestricted f4Jnds are 8vaiLqble for use at the dis¢rel(on of 1hÈ trustses In furlheranc8 of th& g8n8ral objectives of thè chorty Ond which havè not t*en deslgnated for othèr purpos&s. Do$1gn*ed funds comprise unrèstrfct8d funds that hav& ￿en set Bsido by the trustees for particular pU￿OSe$. The 81rn and of aach designai¢d fund is set out in the rn)tes tt) Ihe fin#ncLal statements. Rgstricltd funds are funds whKh are to be used in ac¢ord8nce with Specffic restrictions irnposed by donors or which have been raised by the charity for particul8T purposes. The cost of ra(sing and admSThstering 5ueh lunds ar6 charged against the spo¢ffie fund. The aim ahd use of each restricted fund is sol out in lh6 notes to the financial statements. {¢) Income recognltSon All incoming r8sourc¢s are Incthled in the Statèm8nt of Financial Activities {SoFAI when the charty is legally en￿t￿ to the income after any parformance conditions have been met, the amount can be measured reliably and f(18 probable that the income will b8 reeeived. For donalFons to be recognised th¢ charfty will have been notifigd of the amounts and the Sotuomont date In writing. there ar¢ conditions attached to th8 donation and this requ￿0$ a kval of perforn)ance before 8nttUèment can be obtaingd then income is deferred until th0$0 coThJitknns are fully met tsr the fumlment of thosg conditions is wthin the control of the ¢h8rity 8n4 ￿ Is probable that Ihèy wlll b8 futh'lled. No amount Is included in the financl81 statements for volunteer timo. 14 ## **The Parochial Church Council of the Ecclesiastical Parish of St Michael and All Angels' Church, Macclesfield Notes to the Financial Statements (cont.) Year Ended 31 December 2025** ## **1 Summary of significant accounting policies (cont.)** ## **(c) Income recognition (continued)** For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. Income from trading activities includes income earned from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. Income from grants is recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Investment income is earned through holding assets for investment purposes. Interest and dividend income is recognised as the charity's right to receive payment is established. ## **(d) Expenditure recognition** All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that settlement will be required and the amount of the obligation can be measured reliably. It is classified under the following headings: - cost of raising funds - expenditure on charitable activities The charity is not registered for VAT. Activity expenditure includes the associated VAT element. ## **(e) Tangible fixed assets** In accordance with the direction of s10(2)(a) and (c) of the Charities Act 2011, consecrated land and buildings, the Rectory and church furnishings, which require a faculty for their disposal, are excluded from these accounts. All expenditure on such items, whether maintenance or for improvement, is written off when it is incurred. To support its role as a training parish, the PCC has owned a freehold property in which a curate is able to live during their time within the Team. In 2019 the PCC decided to dispose of the existing property and to purchase a smaller, more manageable one. The original property was valued at cost. The acquisition of a leasehold mews property was completed on 16 October 2020, utilising the proceeds from the earlier sale. At the date of acquisition, the unexpired lease term is 160 years. The PCC recognises that leasehold properties should not be held indefinitely and recommends that this ownership be reviewed regularly. The property is to be depreciated on a straight line basis over fifty years to a residual value of £70,000. Other items of equipment costing more than £1,000 are depreciated on a straight line basis over four years. Items costing less than £1,000 are written off in year of purchase. 15 The Parochlal Church Cotrnell of the Eccleslastlcal Parish of St Mlcha•l and All Angg15' Church. Ma¢¢lesfi•id Notes lo the Flnanclal Statèments Icont.) Year End•d 31 D•¢ember 2025 1 Summary of signlfkant ac¢ountlng poll¢lg1 {eonLI {fj Invo8tm•nts Thè Invaslments are ¥￿th the Chester Dioc•san Board of Finan￿. Thè b00rd notifies the Charity of the year end v8luatK)n of the investrn¢nts and transfers income lo thè d)arSty as it arises. Ch8nge$ in the fair value are recognis8d In tho SOFA. (gl Doblors and cr￿ltorS r•c¢lvablelpay?ble wlthln one year Debtors and creditors with no stated intere$l rate and r8colvablo or payable within one year are recorded at transaction prico. Any los$e$ 8ri$ing from Impainent are reccgnised in expenditure. Ihl L¢a¥ Rentals payab18 under operating leases are charged to Iha SOFA on a straight Ilne basls over th& period of th8 basè. li} Going concern The finanei81 st8tèm&nts have been prepared on a going conc8m basls as the trustees b91ievg that no material uncert8intie¥ exfist. The trustees have considered Ihe level of funds hèkl and the expeded level of in¢om8 and expenditure for 12 rnonlhs from authorisiro these financial ststements. The bLmIg8t￿ income and Èxpendthjrè is SLrfficient with the lev81 of re¥ervos for th8 charity lo be able to continue as a going concern. 16 Thè Parwxhlal Church Councll of th• E¢cle8laBtlcal Parish of St Ml¢hoel and Atl Ang•15' Church, Macckngfield Notes to the FinanGlal Stat•m•nts IconLI Y•ar Efided 31 De¢emb¢r 2025 Unr8Strict•d Restrkled 2023 2024 2 In¢ome donallgns and 10gath6 Planned giving Tgx reclai￿￿ on doThations and gtf Legaryes and donations Grant Inco￿ 92,336 21,790 20,451 1,225 135,802 3,672 448 96,IX18 22,238 50.142 40.851 209.239 95A59 24,393 38,329 52.065 210.248 29,691 39,626 73.437 3 In¢om• from charltabl? athii Wedding and funttr81 fees Other inccxne 5.929 76 7.269 76 8.571 130 8,701 6,005 1,340 7.345 4 Income from othgr tradlng aclt4TItIo$ Opèn Deor and othertrading Olher income 49,611 6.302 55.913 135 49,746 6,302 56.048 55,915 6,697 62,612 135 5 Income from Inv•8trnonts Property income Dmdends and Inier88t excluding tsx 10.180 2,985 13,165 10.180 2,985 13.165 4,554 14.534 6 Other Income Insurance ¢laims 543 543 7 Expondlturo on ralslng fund5 Cost of 8pplwng forgrants Manageff*nl corrmis&on and Invesknant propety ￿PaI Open Oaor and olhertrading 979 3.849 22.335 27.163 979 3,849 22.335 27.163 1,398 2,137 20,9g1 24.526 17 Thg Parochlal Church Coun¢ll of tlJ• E¢¢leslastlcal Parl$h of St Ml¢ho91 and *mg•ls' Church, Ma¢¢lesfield Not•s to the Fin¥n¢l81 Statements Icont.) Y•ar Endèd 31 De¢•mb•r 2025 Unrestrict•d Restrf¢ted 2025 2024 8 Expend￿￿1* on ¢haritsble acti¥llle$ a Ministry Dicwan quota Clergy aThJ youlh work expenses Wedding and funernl costs Worsh¢• costs Organists and org8nSsations Outreach Donaiton$- Ise8 note 8 below) 51,235 51,235 1,359 55.24S 1,118 414 454 540 85 3.293 6,704 583 979 63,784 1293 8,032 583 3.040 7,146 1.447 100 68,510 1.32B 979 66,106 2,322 b Premises Utlitie5 Cleanlng Repairs Maintenan Deprecialion Churchyard tmprovements Insurance Equiprn8nt Clergy housing costs 23.977 12,740 15,921 128,449 23,977 12.740 15,921 323.100 7,515 529 12.152 1,137 3.420 400.491 30219 12.595 21.442 23.337 10.133 320 10.428 1.635 3,137 113,246 196,651 7,515 529 12,152 1,137 3,420 207.586 192.905 ¢ Admnislrdtlon and support Admnistration Telephone Printing & statior￿ry Office Equlpment Other 19,699 10 19.867 1,884 15,526 2.070 1.874 1.¢KO 2.186 22,955 1.060 2,556 25.367 977 1,S58 20,142 370 2,412 Totsl ¢hari18bK8 activthes 279.644 212,320 491,964 201,898 Included within Administration is Ihe remuneralth for the independ8nl *xaminer8nK)unlng to £1.10512024_£9351 9 Donatlon$ . (included in 8a. abov•l Church at home ènd overseas Secular charrities 979 979 979 979 100 100 18 **The Parochial Church Council of the Ecclesiastical Parish of St Michael and All Angels' Church, Macclesfield Notes to the Financial Statements (cont.) Year Ended 31 December 2025** **----- Start of picture text -----**
10 Analysis of Expenditure Staff Other 2025 2024
£ £ £ £
Raising funds 17,046 10,117 27,163 24,526
Charitable activities
-
Ministry 66,106 66,106 68,510
Premises 13,815 386,676 400,491 113,246
Administration and support 16,518 8,849 25,367 20,142
Total expenditure 47,379 471,748 519,127 226,424
11 Trustee information
**----- End of picture text -----**
No trustees receive expenses for their role as a trustee. However, all verifiable expenditure, paid by individuals on behalf of St Michael's and the Team Ministry, is reimbursed to those individuals. The total reimbursed to individuals who are also trustees amounted to £1,559 (2024 - £1,847). In addition the parish pays council tax direct to Cheshire East Council on all Clergy housing. Council tax amounted to £2,823 (2024 - £2,687). Council tax is covered by the tenant when a clergy house is being rented out and is not payable on an empty property during a vacancy. ## **12 Staff information** There are 5 part-time members of staff (2024 - 6). The total remuneration, including employer pension contributions, amounted to £47,379 (2024 - £40,651). In August 2016 the PCC adopted the NEST auto-enrolment defined contribution pension scheme. Employer and Employee contributions are recorded in the SoFA and have been remitted in accordance with the regulations. **----- Start of picture text -----**
13 Fixed Assets Leasehold Equipment 2025 2024
**----- End of picture text -----**
|Cost as at 1 January 2025
Additions during the year
Cost as at 31 December 2025
Depreciation as at 1 January 2025
Depreciation for the year
Depreciation as at 31 December 2025
NBV as at 31 December 2025|**£**
**£**
**£**
**£**
184,285
31,386
**215,671**
215,671
-
-
**-**
-
184,285
31,386
**215,671**
215,671
9,617
26,157
**35,774**
25,641
2,286
5,229
**7,515**
10,133
11,903
31,386
**43,289**
35,774
172,382
-
**172,382**
179,897| |---|---| The leasehold property is 21 Arbour Mews and is held for such time as St Michael's has another curate. When there is no curate it is leased out to generate funds for St Michael's. The income is recorded in note 5. The audio visual and streaming project was completed during 2021 when the cost was added to fixed assets. 19 The Paro¢hlal Church Councll of the E¢¢l•sla$tl¢al Padtyh of St Mlchael and ￿1 Angels. Church. MaG¢l•$flokl Notès to th• Flnan¢lèl S¢atements l¢¢nLI Yoar Endgd 31 O•cernber 2025 14 In¥8•knents January 2025 Aldltlgn$ Dlspo$al$ Unrgolh¢d GalnllLwl Decernber 2025 CBF Investm8nl at Ghest&r CBF DeFM)sIts 42.717 30,892 73.609 IT691 19781 1,747 41,948 29.914 UnMstri¢t•d Restrkted 2025 2024 15 Debtors Ministry 25,631 449 26,080 27.985 Dèbtors and wepayments 25.631 449 26.080 27,965 Unr•s¢rl¢ted Re5tr1ctod 202S 2024 16 Credltors.. amounts lalllng due within on• y•ar Ministy P￿rn￿88 Admin1$tra￿OTr and supp¢xt 2.369 3,841 1,222 2,465 4.834 3,841 1.222 11.383 10.704 935 Crèditors anil accruals 7,432 2.465 9,897 23,022 2D Th¢ Parochlal ehurch Councll olthg E¢vl¢sia5trcal Parlsh of St MFcha*l All Angets. Church. m￿￿¥￿tId N¢+ts8 to tho Flnanclal Statomonts1¢orf.1 Y•ar Ended 31 DeGomb*r202fj 17 Fund d•tslls Janujry 202S Incom• Expendilur* Unr•alSs•d GalnllLos¥l Tr￿￿1•￿ D•¢•mb8r R•strt¢t8d Fuftds Tèam General Fund Youlh Fund Toam Funds S.￿7 3,690 10.597 15.3441 454 3.236 4799 Sl Mkha•r Fixod As&8ts 179,897 n,609 131.668 4.285 1.421 1.360 2,793 394,933 17,5151 17Z.3B2 71.862 Investments Bullding Fund BellriTrgeTS Choir Plano Fund 0￿¢re￿O￿ary Fund St Mlchael'ts Fund8 11.7471 72,313 1.55D 759 1197,8711 {6451 13701 S.190 1,810 1.521 2,793 261.576 74.912 1,747 Totsl Ro8lrlct•d Fund* 405 530 74,912 12.320 1.747 266.375 Unrestrittthd Fund$ Eco Fund De51gnaled Capkal Projecls Fund D•slgnated Fund* 202 1.146 14691 117,141 117.610 879 16.745 133,886 134 088 1,146 St kllchaol's Workln9 C8pital Building man9￿Ment Gen4MI Funds 88.978 soo 210.282 1189.1981 110,062 50LI 110562 210.282 189 198 Totsl Unrestrlctsd Fuhd8 211428 06.807 128 187 Totsl Fund¥ 1.747 R•¥trfcted Funds T•am General Fund - The re$kn¢ted Te8m funds 8rg held on beh8M of th8 Indi*idu#l G￿rehe$ vthhln the Team. These fttnd$ ar+ ￿ld as workiro ¢apttal to meélon-going oxpenditure InrJJrrÈd by the T8*)) Ministry. Youth FUnd-Th￿ fund supptrrts I￿l￿TrI youth th activiiies of Ihe Taam Parish. lkneywas given s5￿Xf1r*l1Yto support thr6 w¢*k. st Ml¢ha•l'8 Fixed As$eis- In the reorgan188fjon of 2010 tha Team Assets ￿re passed back to the Loc81 Pwshps. As a trait￿n9 parL8h. Sl Michael's PCC provides 8CC(MnFnodation for 8 cJJrate in tfairmng. Thts preperty B 5nclUd￿ in fixed assets. The audltrwLw81 and streamino equipmenl Is Incl￿1￿ YAlhin r￿ed 8ss8t8. Inve8tments- Th& invésbn8nt8 are held and rnHn&ggd by the Ch8SterDloces￿ B￿r¢j tsf Flnance. 21 ## **The Parochial Church Council of the Ecclesiastical Parish of St Michael and All Angels' Church, Macclesfield Notes to the Financial Statements (cont.) Year Ended 31 December 2025** ## **17 Fund details (cont.)** ## _**Restricted Funds (cont.)**_ ## **St Michael's (cont.)** Building Fund – This is a capital project fund towards the upkeep and improvement of Church buildings and property, including our heating systems. As well as receiving regular donations this account is used to collate donations for specific capital projects. Once completed such projects are transferred into the Fixed Asset account. Special Collections – Collections may be made to raise funds for particular charitable work by third parties; whilst St Michael's organises the collection the full amount is given to the particular charity. Bellringers – St Michael’s Bellringers have their own fund to cover day to day disbursements. Choir – St Michael’s Choir has its own fund to cover day to day disbursements. Discretionary Fund – This fund is in the discretion of the Rector to support those in need. ## _**Unrestricted Funds**_ ## **St Michael's** Designated Fund - The Church Council, being aware of their responsibility for the renovation works highlighted by the Quinquennial Inspection, together with working on our "Net Zero" Routemap, have designated funds towards those requirements. These funds have been drawn from the Unrestricted General Reserve and comprise money received by way of legacy together with amounts returned from the St Michael's element of the Team Fund. General Fund – This is the general cash fund available for day to day disbursements. Building Management – For ease of management we hold a separate bank account for bookings and the running of the Open Door Café. Money is transferred to the St Michael’s general fund on a regular basis. This account is also included within unrestricted funds. 22 Th• P•M¢htal Chu￿￿ Councll of th• Ec¢l•$l•$lkal P•rl$h of St Ml¢ha•l •nd Al P•)g•h' Church, Maccl••fleld Nol•¥ to Financial Statem•nts {eont.I Y••r Endod 31 Doc•rnb•r2025 18 St Mlchaefs 8uVAllng Fund •nd Capmal ProJaci¥ Fund The PCC aro mindlul of Iho furttw th rnquwJ to Soe al r*oJe¢ls complgled on a tsmety bas￿. As w￿1 as Items hbhl¥hled in Ihe qu1wutnTh￿ roport thèr• i* a n8ed to tyJr"Net 2wo" Rtyjtemap. CL¥n*tion ol these t4ans Is htended to mwmoe Ihe use of Sl Mithael's both as 8 rA8ce of wor5hTp an¢1 a5 a ccThmunty a5S0L Cornbontrig thos• two lunds l¥ Inthnded ttl kndKale what C8Pital r6 aveAlabte to 8pe*id on t￿$9 swfi¢•* proi¥b. J•nuary 2025 kncome Exp•ndl¢w• Trnn•fqry D•cernber 2025 8uHthrKJ Fund Designal8d Capttal Pmhcts Fund 131.568 133,886 265,454 72,313 1197.8711 1117,141 315.011) 0,010 16.745 22,755 72.313 19 Fwtur• comrnl¢m•n¢• The PCC recelved the tstest Quln¢wennbl Reporl during 2022. The report hlthlhJhtgd a numbor ofupknt ￿PaIrS that need trj be unéertak8n. C0611ng5 hav• been sought. together wlth grant fv￿Ce. Tl* PCC i8 progressin9 th• mst uryjent (rf these, for which suffiuent lunds hav& been raistd or w511 bo received to allow these repalrs to W0￿d. For the oth&r rwrs, the PCC wil rK)t make the3? rgp81r3 untll Ihey are satisfied that ¥uffl¢lgnt fvnds ara to cc¥nplote th8 work. Th• PCC Is not aware of other luluro commltments. 20 Contkng•nt Il•bllltl•* The PCC 1$ not awar• ofany conlkngent lia￿1￿￿85 not wovbJ¢d for in these accounts.