ST LEONARDS CHURCH, MIDDLoN REPORT AND FINANCIAL STATEmETrs FOR THE YEAR ENDED 31 DECEMBER 2020 WRIGLEY PARTINGTON Chartered Accountants Sterfing House 501 Middlelon Road Chadderton Oldham OL9 9LY
ST LEONARD'S CHURCH, MIDDLoN REPORT OF THE PAROCHIAL CHURCH COUNCIL . YEAR ENDED 31 DECEMBER 2020 Administrative InfornMtion St Leonard's Church is situated in MKId. It is part of the DKwe of Manchester wilhin the chUh of England and is within the Deanery of Heyth and mld. The Parochial Church Council is a charity registe wrth the Charity Commiss#)n urthr reference 1147214. PCC members who have served during the year are.. Incumbent The Reverend A M Bailie (ex tiff)) Curate.. The Reverend F Jackson (ex officiol The Reverend D E Brcoks lex offioo} The Reverend H A Bridle {ex offiuol The Revend J C Powell (ex offK#o) {from 23 September 2020) {until 15 Mar¢h 2020) Miss C J Swailes Churchwarderts. Mr D Brennan Elective Member5.' Mrs H Bakht (from 27 Ocirtw 2020) Mrs F Caine (until 27 October 20201 Mr P Caine (until 27 October 2020} Mrs C Callan Mr P Carr Mrs K Hamnett Mr P Hamnett MTS S Jennings (from 27 October 2020) Mrs V Phillipson (Secretary) Mr A Slim {Treasurer) Mrs M Slim Mrs D Tayh)r Mr R Tayk)r Mr J Wilson (Deanery Synod) (unbl 8 April 2020} Structure overnance mana tlvltte5 and acttyities The PCC'S duttes and Oblall0S are set out in the Parcchial Church coU11S (PrS) Measure 1956 las amended). The method of appoinknent of PCC member5 is set out in the Church Representab"on Rules. All church attendees are encouraged to registsr on the Electoral Roll and stafKI for election to the PCC. st Leonard's PCC has the ponsibl1ty of ctroperating wth the Rector and Assistant Ciergy in OMo.ng in the parish the whote mission of the Church. pastoral. evangelith. la] and ecumenical. In the opinion of the trustees the objects of promots.ng justre, equalty. peace and understsnding in the local community and more widety in sow is consisknt with the Charity Commission definibon of'public benefiy.. Achlevements and rformance The Covid19 pandemic had a major inpad during the year, wilh k¢kdcTh¥ns preventsng ofworship being held for several months. and sixial Oistsncing guKlelir5 lirnrting attendance when worship was p055ible. LinCe income from the Old Grammar ceased. and most PCG rneetings had to be held 'virtuall using Zcom technok)gy Ele¢tordl roll and church attendance The Electoral Roll reported to the APCM in October 2020 (Apn"120191 was 851831 of whom 33 {33) lived in the Parish and 52 {501 outside. The total attendance counted in October 2020 (2019) in accordance with Church of England Diocesan requiremertts at all services (including Harvest Fesbval, Sthool Service and Baptisms) was 124 1828} adults and 7 I1} Ghil(Jren under 16. The average weekty Sunday attendance {excluding baptisms and school harvest) was not calculated {2019'. 124 adulls and 30 children under 161. The total numter of 'attenders' was not recorded12019: 89 adulls and 23 children aged under 16 gIStered for the grovps in Ihe Contact Se1).
ST LEONARD'S CHURCH. MIDDLETON REPORT OF THE PAROCHIAL CHURCH COUNCIL . YEAR ENDED 31 DECEMBER 2020 continued Review of the ear The full PCC had 17 {181 members in 20201201913nd met 516) tsmes dunng the year with an average level of attendance of 10 {131. Commtttees met beiween meetings and reports of these meetings were received by the full PCC. Reports of the mFssion. ministy and activthes of the ¢hur¢h and a pOrt from the Rector are given in a separate report at the APCM 2nd are eireulatÈd to 811 members on the Electoral Roll and other church attenders. Financial review The total receipts on ordinary unrestn.cted ftjnds were £79.480 (2019 '. £95,479) whilst receipts on restricted and endowment funds were £9.725 {2019 ." £231,769). £91,81012019 .. £107,070) was spent to provide the Christian Ministry from St Leonard's Church including the contribution to the dI0san parish share of £36.50012019 . £50,000) out of £36,500 (£50,000) requested, representing 100%1100Y.} of the total_ The Parish Share is a voluntary nbUtIOn and not a legal debt, and largety provides for clergy stipends, housing and pensw)ns, a5 well as Diocesan and national Church of England expenses. Under a new Diocesan scheme, the Parish Share requested for the next year has been agreed as £38,000. The net result for the year was an excvss of ordinary unresth.cted expendthjre over income of £12,330 {2019 .. deficit of £11,591). The scheme of repairs commenced in 2018 was completed during the year with payment of the final 'retentEOn' invol, and around £13,000 of restricted funds was used to meet the year's expenditsjre. The overall resutt for the year was therefo an excess of expenditure over income of £31,089 12019.. deficit £142,851) whilst there was an unrealised gain on investment assets of £9,909 12019 '. gain of £22,630). The balances Irried foThvard at 31 December 2020 were £18.926 on unrestricted funds, £137,641 on restn.cted funds and £192.455 on endthvment fijnds. ReseNes It is PCC policy to endeavour to maintain a baL3nce on UnreStrted funds equating to approximateW six month5 payments to cover stbjations which may arise from ts.me to time. In addition it is felt appropriate to build up a further sum to cover prorty repairs, Maintenan and security. The carried forvrdrd balance of unrestricted funds equates to approximately and a half months of the yearfs unrestricted expenditure. Approved by the PCC and signed on their behaff by Rev Alison M Bailie Chalrnian Chairman of the Parochial Church Ccojncil Middleton Parish GhurGh St Leonard's Square Middleton Manchester
PAROCHIAL CHURCH COUNCIL OF ST LEONARiYS. AIIDDLETON STATEMENT OF FINANCIAL ACTIVITIES FOR THE Y&4R ENDED 31 DECEMBER 2020 Total Funds 2020 2019 Funds Funds Fun(ts INCOMING RESOURCES Voluntary income 2a 4.618 72,922 2j,653 Activities for generating funds 2b 2,752 Income from investments 2c 220 1.211 5.327 5,901 Income from thurch 2d 17.383 Olhei incoming resource5 2e 5.362 10,559 TOTAL INCOMING RESOURCES 3.8 89,205 327,248 RESOURCES USED Fundraising costs 374 Grants 3b 4.780 6,185 2,340 Activities directly relating to the WOTk of the Ghui 71.921 23.674 95,595 452.916 Church Man8gemenl and administrab.on 18.514 18.514 14.469 Transfers betsveen fvnds 130) 91.810 28.484 120,294 470.099 NET IOUTGOINGI INCOMING RESOURCES 112,330) {22.655) {31,0891 1142,851) GAINSI ILOSSESI ON INVESTMEKrs: 9,9)9 22,630 NET MOVEMENT IN FUNDS {12,&) 121.129} 12.279 121.180) {120,2211 BALANCES BROUGHT FORWARD 31.256 158.770 180.176 370,21Y2 490,423 BALANCES CARRIED FORWARD 370 202
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S. MIDDLETON BALANCE SHEET AT 31 DECEMBER 2020 2020 2019 FIXED ASSETS Tangible Fixed Assets 5a 3,201 3,263 Investment Assets 153,398 156599 143,489 146 752 CURRENT ASSETS Sundry Debtors Short Term Deposits Cash al Bank and in Hand 6.897 139.428 50,593 196,918 5,174 135,419 87,135 227,728 LIABILITIES Creditors falling due hwthin one year 14,4951 14,2781 NET CURRENT ASSETS 192423 223 450 NET ASSETS 8 £ 349022 £ 370 202 FUNDS Unrestrided Restricted Endovnnent 18,926 137,641 192.455 349 022 31,256 158,770 180,176 £ 370 202 Signed on behalf of the Parcchrdl Church Council on 18 May 2021 Chalrnian Churchwarden Rev A M BAILIE Ghurchwarden C SWAILES
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S. MIDDLoN NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2020 ACCOUNTING POLICIES The financial slatements have en prepared in accordance the Church Accounting Regulations 2006 together wrth the Ststemenl of Recommended Pracb"ce". Accounting and Rew)rting by Charities preparing their accA)unts in awordance wrth the Financial Reportin9 Standard applicable in the UK and Republic of Ireland IFRS 102) issued on 16 Juty 2014 and with the Chants"es Act, except that no depreciation Ès provided on buildings (note 11_ The financial statements have been prepared under the historical cost convention except for the valuation of buildings and investment assets, which are shown at market value. The financial statements indude all transactions, assets and liabilitses for which the PCC is responsible In law_ They do not include the accounts of other church groups that owe their main affilIatn to another bly, nor those that are inforynal gatherings of church members. Goin The acix)unts have been prepared on the going (x)nrn basi5. concern Funds Endowment fvnds are fvnds, the caprtal of whh must be maintained. onty income arising from investments of the endowment may be used as unrestricted income. Restricted funds are funds whh may onty be expended on the spectfic object for which they were given. Unrestricted funds are general funds which 12n be used for PCC ordinary Pufposes. Incomin Resources Voluntary income Collections are recLgnised when receNed by or on behalf of the PCC. Planned gwing receivab under covenant is recc4Jnised only en receN&J. Income tax recoverable on covenants or gift aid donattons is recognised in the period in whh the donations giving rise to the claim are receNed. Grants and legacies to the PCC are accwnted for as scrt)n as the PCC is notified of its legal entillemenl and the amount due. Other ordinary Income Rental income from the leth.ng of church premises is re(wnised when rred. Income from investments Dwidends and interest are accounted for when rl¥able.
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S. PAIDDLETON NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2020 ACCOUNTING POLICIES confd Incomin Resourcas convd Gains and losses on investments Realised gains or k)sses are reDJgnis&Y when investments are sold. Unrealised gains or losses are wjunied for revaluation of investments at 31 December. Resources used Donatlons DonatnS are ac(xJunbJ for when paid over. Activities directly rnlatsng to the Wofk of the chUh The diocesan parish share is acnted for when payable. Any parish share unpaid at 31 December is provided for in these aGcounts as an operab.onal (though not a gaI} liability and is shown as a ¢reditor in the balan sheet. Fixod assets Consecratedland andbuildings and movable church fumishings Consecrated arKI beneffice Fwopety is exdLKled from the atmunts in ac¢))rdance wth s.*{2llal of the charib.es Act 1993. No value is placed on movable church furnishings hebJ by the churchwardens on s181 trust for the PCC which require a falIty for disposal Sin the PCC considers this to be inalienable property. Al expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether mairslenancE or improvement, is wrilten off as expenditure in the SOFA and separately disclosed. OtherfixtU$. ffttings and offte equipiiient Equipment used within the church premises is depreciated on a straight line basis over 5 years. Investments Investments are valued at market value at 31 December.
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S. MIDDLEfoN NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2020 continued .. INCOMING RESOURCES unrestrict Restricted Funds Funds Total Funds 2020 2019 al Volunta Income Planned giving .' Gift donations (incl Gift Dayl Tax recoverable Other Collections Donatsons Grants Legacies Subscriptions Miscellaneous 26.998 7.499 7,655 2.004 27,502 7,749 7,655 2,004 12,210 13.000 32.487 11.175 8,441 5,761 12,537 208,842 9,100 250 13.000 2.802 68,304 2,802 72,922 2.310 290,653 4,618 b} Actlvities for eneratin funds Fund raising Churchyard stones 2.752 2,752 cl Income from Investments Dividends and interest 220 5,107 5,327 5,901 dl Income from church activities Hall Lettings Fees Organ and bell charges Bookstall Magazine 5,314 5,314 16,560 50 100 673 17,383 280 5.594 280 5,594 el Other incomin Churchyard fees Miscellaneous income Insurance claim5 5,362 5.362 8,347 239 1,973 10,559 5.362 5,362 TOTAL INGOMING RESOURCES 327 248
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S.MIDDLETON NOTES TO THE FINANCIAL STATEMENTS TO 310ECEMBER 2020 continued ... 3. RESOURCES USED Unrestridod Restricted Funds Furkds Total Funds 2020 2019 al FundralsTn Fundraising costs 374 b) Grants Charitable gIng 1.405 4,780 6,185 2,340 cl Actlvities dl relatin the work oflhe Church Ministy- Parish share Clergy eynses Rectory Church runnirvJ costs Education and Evangelism Churchyaid Miscellaneous 36,500 50,000 557 58 388,789 656 10,871 1.985 452,916 1.591 31.544 1,591 41,962 10.418 2.012 263 71.921 12 13,244 23,674 2.024 13.507 95,595 dl Admlntstration Administration Old Grammar School costs Legal and professional Depre¢tation 12,533 4,594 12.533 4.594 11,956 938 1,258 317 14,469 823 18.514 823 18,514 Totsl Resources Used 470 099 STAFF COSTS Wages and salaries 12735 £ 11 307 Ible Fixed Assets Freehold Land & Buildings Equipment Totsl Costlvaluatlon At 1 January 2020 Addition at Cost Revaluabon Distx)sal At 31 December 2020 13.650 761 13,651 761 4,040 10,371 4,040 10.372 Depreciation Al 1 January 2020 On disposals Charge for the year At 31 December 2020 10,388 {4.0401 823 7,171 10,388 {4.0401 823 7.171 Net Book Value 31 December 2020 31 December 201g
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S. MIDDLETON NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2020 continued .. ible Fixed Assets cont'd 2020 2019 The Land and buildings comprises". Old Grammar SchLW)I li} The Old Grammar Schcmjl was let to the Trustees of the Okl Grammar School Trust for a period of 25 years from 9 December 1997 at an annual rent of one peppercom and was therefore included in ihe acGounls at £1 value untsl its reversion to the Church. Although the lease has now been surrendered, it is feli that the restrictions placed UF)on the building by tts liskn.ng limit ts market value and so the nominal valuatson is retained for the b.me being. {ii} The equipment vrds valued by the Offi[5 of the PCC as at 1 January 1997 and depreciation has been provided at 20% Fer annum on this valuation and subsequent additions. b) Investments 7.50212019 .. 7.5021 shares in CBF Invesbnent Fund.. Market value 1 January 2020 Unrealised gainllloss) on revaluat 143,489 9,909 Market value 31 DecemtEr 2020 153 398 SUNDRY DEBTORS 2020 2019 Amounts due within one year CREDITORS . AMOUNTS DUE WITHIN ONE YEAR 2020 2019 Accfuals and Deferred Income Creditors for Goods and Levies 4,495 4,278 ANALYSIS OF NET ASSETS BY FUND Fund5 Funds FuDds Total Fixed Assets Net Current Asset5 3,201 15,725 18.926 23,615 114,026 137.641 129.783 156,599 62.672 192,423 192,455 349 022
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S, MIDDLoN NOTES TO THE FINANCIAL STATEME1s TO 31 DECEMBER 2020 contlnued .. FUND DETAILS la) The Restricted Funds comprise the Friends of MKldleton Parish Church kniety, the Friends. Restor2b'on Fund, the Flower Fund. the Charity Fund. the Muhindo Fund, the CUCMUK Fund, and the Organ Fund. At 31 December 2020 the trAlan on the Restrtded Funds were. &s follows: Friends Society Flower Fund Charity Fund Muhindo Fun¢J CUCMUK Fund Organ Fund 2018 Scheme Fund 124,576 8.425 878 25 548 3,188 {bl The Endowment Funds consist of certain investments held under five separate trust funds administered by the Diocesan Board of Finance on behalf of the PCC. At 31 December 2020 the batances on these funds consisted ot. 6,347 shares in the CBF Investment Fund Deposrt accounts 129.783 62.672 192 455 10. RELATED PAR TRANSACTION The Parish Administrator. Mrs M Brennan, is the wife of Churchwarden, D Brennan. Mr Brennan had taken no part in the decision to apwint his wtfe to this positi.on, for %lch her remuneration in the year amounted to £9.800 {2019: £8,621}. 10.
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S, MIDDLETON INDEPENDENT EXAMINER'S REPORT TO THE MEAIBERS OF THE PCC I hereby report on the financial statemefts of the Par[la1 Church Council of St Leonard. Middleton for the year ended 31 December 2020 which comprise the slatement of finanual acb"vrties, balance sheet and related notes, which are set out on pages 3 to 10. This report is in respect of an examination carried out in acC(d?n¢e wrth the Church Acc(wnb"ng Regulations 2016 lthe Regulations) and section 145 of the chariti.es Act 2011 (the 2011 A¢XI. Respective Yespon5ibilitles of the PCC and Examin As the members of the PCC and as trustees y(yJ are responsib tr the preparation of the financial statements, you consider that an audit is nol required for this year undei s.144 of the 2011 Act and that an independent examination is needed. It is my responsibilrty to examine the accounts under section 145 of the 2011 Act, to folk)w the pr(dureS laid down in the general Directsons gen by the Charity Commission lunder section 14515)Ibl) of the 2011 Act and to state whether partKular matters have come lo my attention. Basi5 of independent examingrfs report My examination wd5 Carried out in accordance wrth the General Directions gkven by the Charity Commission and to be found in Churth Guidance 2016 edition_ This examination indudes a review of the accountsng records kept by the PCC and a comparison of Ihe aw)unts vthh those records. It also includes consideration of any unusual items or disdosures in the financial staternents and seeking explanab.ons from you as tTUStees con(ming any such matters. The pr(edUreS undertaken do not provide 811 the evidence that would be requi in an audit, and consequenty no opinion is given as lo whether the financial slements present a true ar fair arKI the report is limited to those matters set out in the ststement below. Independont examinerfs statement I have completed my examination I can confimi that no matsrial matters have come to my attenb.on in connection wth the examination giving me csuse to believe that in any material Spect. the accounting records were not kept in accordan with SerA1 130 of the 2011 Act: or the accounts did not a¢cord wrih the acccyjnting records," the accounts did not compty wrth the applicable iequirements conceming the form and content of accounts sel out in the Charities (Accounts arKI Report51 Regu13b"ons 2008 othei than any requirement that the accounts give a 'true and fairt view which is not a matter considerpd as part of an independent eXaminatn. I have Come across no other matters in connection wrth the examinab.on to which attwth.on should be drawn in this report in order lo enable a proper Urleing of the finarnial statements to be reac vid Ducie Bsc F Wrigley Partington Chartered Accountants Steding House 501 Middleton Road Chadderton Oldham OL9 9LY ay 2021