ST LEONARD'S CHURCH, MIDDLETON REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 WRIGLEY PARTINGTON Chartered Accountants stefling House 501 Middleton Road Chadderton Oldham OL9 9LY
ST LEONARD'S CHURCH, MIDDLEfoN REPORT OF THE PAROCHIAL CHURCH COUNCIL . YEAR ENDED 31 DECEMBER 2021 Administrative Inforn)ation St Leonard's Church is Situated in Middleton. It is part of the DiLwe of Manchester within the Church of England and is within the Deanery of Heywood and Mmldleton. The Pahla1 Church Council is a charity registered with the Charity Commission under referen 1147214. PCC members W* have served during the year are." IncLSmbent.. The Reverend A M Bailie lex off10) Curate.. The Reverend F Jackson lex offiryo) The Reverend D E Brooks lex off10) The Reverend H A Bridle (ex offi) Churchwardens.. Mr D Brennan Miss C J Swailes (Deanery Synod) Elective Members.. Mrs H Bakht Mrs C Callan Mr P Carr Mrs A Connell (from 18 May 2021) Mrs K Hamnett Mr P Hamnett Mrs S Jennings (Deanery Synod) Mrs V Phillipson Isecretaryl Mi A Slim ITreasurer} Mrs M Slim Mrs D Taylor Mr R Taylor (Deanery Synod) structure overnanc• mana ¢men ob'ective5 and activities The PCC'S duties and obligatsons are set out in the Parochial Church Councils (Powers) Measure 1956 las amended}. The method of appointment of PCC members is set out in the Church Representation Rules. Al church attendees are encouraged to register on the Electoral Roll and stsnd for election to the PCC. St Leonard's PCC has the responsibilty of c(Foperating with the Rector and Assistsnl Clergy in promoting in the parish the whole mission of the Church. pastoral. evangelistic, social and ecumenical. In the opinion of the Iruslees the objects of promoting jusb"ce, equalty. peace and understanding in the local community and more widety in society is wholly consistent with the Charity Commission definition of public benefiy,. Achievernents and rfomiance The Govid19 pandemic conb.nued to have an impact, with limitatsons on the number of services being held and social distancing guidelines being observed. However, licen income from the Okj Grammar School resumed in the summer. although most PCC Mting$ continued to be held 'virtualW using Zoom technology. Electoral roll and church attendance The Electoral Roll reported lo the APCM in May 2021 Ioctober 20201 was 811851 of whom 331331 lived in the Parish and 481521 outside. The total attendan counted in October 2021 120201 in accordance with Church of England Di0san requirements at all Servi {including Harvest Festival. School Service and B8ptismsl was 17311241 adults and 5717) children under 16. The average weekly Sunday attendance lexcluding baptssms and school harvest) was 46 adulls and 15 children under 16 {2020'. not C21culatedl. The lotsl number of'attenders. was in the regK)n of 50 adults and 10 children aged under 16 registered for Sunday Schcol12020'. not recorded).
ST LEONARD'S CHURCH. MIDDLETON REPORT OF THE PAROCHIAL CHURCH COUNCIL . YEAR ENDED 31 DECEMBER 2021 continued Revlew of the ear The full PGC had 181171 members in 2021 (20201 and met 1015) tsmes during the year with an average level of attendance of 13110). Committees met betrn meekn.ngs and reports of these meeb.ngs were re)Ved by the full PCC. Rewrts of the mission, rninislry and activities of the church and a report from the Rector are given in a separate report at the APCM and a circulated to all meMrS of the Electoral Roll and other church attenders. Flnancial review The total receipts on ordinary unrestncted funds were £65.691 12020: £79.4801 whilst receipts on restricted and endowment funds were £7.19012020: £9.725). £58,104 1202 .' £91,810} was spent to provide the Chrisban Ministy trom Sl Leonard's Church including the contribution to the dI0san parish shaTe of £9,500 {2020". £36,500) out of £39,000 1£36.5001 requested, representing 250A {100%1 of the total. The Parish Share is a volunlary conln"bubon and not a legal debt, and largely provides ft)r dergy stipends. housing and pensions. as wdl as DI0$an and national Church of England expenses. Under a new Diocesan scheme. the Parish Share requested for the next year has been agreed as £39,500. The nel result for the year was an excess of ordinary unrestricted expendrture over income of £7,58712020". excess £12,330). The overall result for the year was an ex55 of income over expendilure of £13,15012020' deficit £31,089) whilst there was an Ltnrealised gain on investment assets of £22.293 {2020". gain of £9,909). The balances carried foNtsrd at 31 December 2021 Vre £26.513 on unrestricted Mnds. £142,829 on restricted funds and £215,123 on endowment funds. ReseNe3 oli It is PCC policy to endeavour to main12in a balance on unrestricted funds equating to approximatety six months payments to cover sitijalions which may arise from ty.me to time. In addition il is felt appropriate to build up a further sum lo cover property repairs, maintenance and security. The carried forward balance of unrestricted funds equates to approxim*ety three and a hatf months of anb"cipated unrestricted expenditure. Approved by the PCC and sned on their behatl by Rev Alison M Bailie Chaimian Chairman of the Parochial Church Council Middleton Parish Church St Leonard's Square Middleton Manchester
PAROCHIAL CHURCH COUI4CIL OF ST LEONARD'S. IIIDDLETON STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEMBER 2021 Unrestricted Restrict•d Endowment Funds Funds Funds Total Funds 2021 2020 INCOIIIING RESOURCES Voluntary income 52.103 2.297 72.922 AetNiti8s for generating tunds 2b In¢0e from invesbnénts 2c 3,807 4.938 5,327 Income frorn churth aclNibes 9.744 9.744 5.594 Othei incoming ourCeS 3.799 3.799 5.362 TOTAL INCOMING RESOURCES 65.691 3.383 3.807 72.881 89.205 RESOURCES USED Fundraising ¢ts Grants 6,185 Aclivities diredly felating to the Wofk of the Church 1.07T 41.622 95,59S Church Managem1 and administration 16.154 16.154 18.514 Transfefs belwÉen fvnds 58,104 1,627 59,731 120,294 NET (OLGoING) INCOMING RESOURCES 7,587 1,756 3,807 13,150 {31,089} GAINSI {LOSSESI ON INVESTMENTS: 18.861 22,293 9,909 NET MOVEMENT IN FUNDS 7.$87 5,188 35.443 121,1801 BALANCES BROUGHT FORWARD 18,926 137,641 192.455 349,022 370,202 BALANCES CARRIED FORWARD 215 123
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S. MIDDLETON BALANCE SHEET AT 31 DECEMBER 2021 2021 2020 FIXED ASSETS Tangible Fixed Assets 2,295 3.201 Investment Assets 5b 175,690 177985 153,398 156 599 CURRENT ASSETS Sundry Debtors Short Tefm Deposits Cash at Bank and in Hand 2,943 143,250 63,582 209.775 6,897 139,428 50,593 196,918 LIABILITIES Credrtors falling due wthin one year (3,2951 14.4951 NET CURRENT ASSETS 192 423 NET ASss 8 £ 384465 £ 349 022 FUNDS Unrestricted Restri¢ted Endovdnienl 26.513 142,829 215,123 18,926 137.641 192,455 £ 349 022 Signed on behalf of the Parothial Church CounrAI on 22 May 2022 Chalrnian Churchwarden Rev A M BAILIE NAN Churchwarden C SWAILE
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S. MIDDLEfoN NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2021 ACCOUNTING POLICIES The financial statements have been preparal in a(xXdan wilh Ihe Church AG(xJunb"ng Regulations 2006 together wth the Staternent of Recommended PractKE". Accounb"ng and Reporting by Charibes preparing their aco)unts in accordance with the Financial ReportJ"ng Standard applicable in the UK and ReputAic of Ireland IFRS 102) issued on 16 July 2014 and wtth the Charities Act, except that no depreciation is provided on buihyings (note 1}_ The financial statements have been prepared under the hislorul cost convents.on expt for the valuation of building5 and investment assets, which a shown al market value. The financial ststemenls indude all transath"ons, assets and liabilities for which the PCC is resFX)nsible in law. They do not include the accounts of other church groups Ihal owe their main affiliation to another body. nor those that are infom)al gatherings of church members. Goin concern The accounts have been prepared on the going COnM basis. Funds Endowment funds are funds. 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 which may onty be expended on the swfic object for they were given. Unrestricted funds are 9eneral funds which can be used for PCC ordinary purposes. Incomln Resources Voluntary income Collections are recojnised when received by or on behalf of the PCC. Planned giving receNable under covenant is rwnised only en received. Incotne tax recoverable on covenants or gfft aid donations i% recognised when reIved. Grants and 2cleS to the PCC are accounted for as sCn a5 the PCC is notified of its legal entiuement and the amount due. Other ordinary income Rental income from the letting of church premises is recCfjnd when received. Income from Investments Dividends and interest are accounted for en receivable.
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S. MIDDLETON NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2021 ACCOUNTING POLICIES cont'd Incomln Resources convd Gains and losses on investments Realised gains or losses are re(xJgnised when investments are sold. Unrealised gains or losses are accounted for on revalUatn of invesbnents at 31 December. Resources used Donations Donabons are accounted for when paid over. Activities dir8Ctly relating to the work of thè Chur¢h The diocesan parish share is accounted for when payable. Any parish share Unpa at 31 December is provided for in these accounts as an oFerational (though not a legal) liability and is shown as a creditor in the baL9nce sheet. Fixed assets Consecrated land and buildings and movable church fumishings Consecrated and efice propety 15 excluded from the accounts in a¢xordance with s.9612llal of the Charities Acl 1993. No value is placed on Tnovable church hjmishings held by the churchwardens on special trust for the PCC which require a faculty for disposal Since Ihe PCC wnsiders this to be inalienable propety. All expenditure inc¥Jrred during the year on consecrated or beneffi buildings and movable church fumishings. whether Maintenan or improvement. is Y[tten off as expenditure in the SOFA and separately disclosed. Otherfixtures. fittings and office equipment Equipment used within the church premise5 is depreciated on a Straht line basis over 5 years. Invèstments Investments are valued at market value at 31 DecemtrH.
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S, MIDDLEfoN NOTES TO THE FINANCIAL STATEMEp4fs TO 31 DECEMBER 2021 continued . INCOMING RESOURCES Unrestricted Restricted Funds Funds Totsl Funds 2021 2020 al Volunta Income Planned giving = Gift Aid donations {incl Gfft Day} Tax recoverable Other Collections Donab'ons Grants Legacies Subscriptions Miscellaneous 26,815 6,983 7.898 1.632 6.285 504 126 27,319 7,109 7,898 1.632 7,952 27,502 7,749 7,655 2,004 12,210 13,000 1,667 2,490 52,103 2,490 54,400 2,802 72,922 2,297 b) Activities for eneratin fvnds Fund raising Churchyard stones c) Income from Investments Dividends and interest 45 4.893 4.938 5,327 d) Income from chur¢h aclivities Hall Lettings Fees Organ and bell charges Bookstall Magazine 9.400 300 9,400 300 5,314 280 5,594 9.744 9,744 el Other incomin Churchyard f Miscellaneous income Insurance claims 3.736 63 3,736 63 5,362 3.799 3.799 5,362 TOTAL INCOMING RESOURCES
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S .MIDDLETON NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2020 contlnugd ... RESOURCES USED Unrestricted Restricted Funds Funds Totsl Funds 2021 2019 al Fundraisin Fundraising costs b) Grants Charitable gwing 1,405 550 1.955 6,185 ) Actlvlties dlre latin the work ofthe Church Ministy- Parish sha Clergy exper$ Rectory Church njnning wsls Education and Evangelism Churchyard Miscellaneous 9.500 9,500 36,500 2.204 26,214 111 2,516 2,204 26,730 111 2,536 541 41.622 1.591 41,962 516 20 541 1.077 2.024 13.507 95,595 40,545 d) Adminlstration Adtninistration Old Grammar School costs Legal and professional Depreciation 11.770 2.322 1.156 11,770 2.322 1,156 9( 16,154 12,533 4,594 564 823 18,514 16,154 Totsl ReSOu8S Used 59 731 STAFF COSTS Wages and salaries 13258 £ 12735 ible Fixed Assets Freehold Land & Buildings Equipment Totsl CostNaluatlon At 1 January 2021 Addtlion at Cost Revaluation Disposal At 31 December 2021 10,371 10,372 10,371 10,372 Depr•ciation At 1 January 2021 On disposals Charge for the year At 31 December 2021 7,171 7.171 906 8,077 906 8,077 Net Book Value 31 December 2021 31 December 2020
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S. MIDDLETON NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2021 continued ... Ible Flxèd Assets convd 2021 2020 The land arKI buildings comprise5 . Old Grammar Sch1 lil The Old Grammar Sthool was let to the Trustees of the Old Grammar School Trust for a nod of 25 years from 9 Decernr 1997 at an annual rent of one peppercom and was therefore included in the ac(x)unts at £1 value until its reversion to the Church. Although the lease has rvjw been surren¢Jere(l. tt is fell that the restricbons placed upon the building by its listing limit its market value arKI 50 the rK)minal valuab.on is retained for the time ing. lil) The equipment Valu by the offiws of the PCC as at 1 January 1997 and depreciat.on has been prowded at 20% annum on this valuation and subsequent additions. b) Investments 7,502.33 {2020 .. 7,502.331 shares in CBF Investrnent Fund." Market value 1 January 2021 Unrealised gainllloss) on revaluabon 153,398 22,292 Market value 31 December 2021 175690 6. SUNDRY DEBTORS 2021 2020 Amounts due vrithin one year CREDrroRS . AMOUNTS DUE vwrrHIN ONE YEAR 2021 2020 Acctua15 afi¢J Deferred Income Creditors for Goods arKI Levies 3.295 4,495 4495 ANALYSIS OF NET ASSEfs BY FUND Fund5 Funds Fund8 TfAal Fixed Assets Net Current Assets 2,295 24.218 26.513 27,047 115.782 142,829 148,643 177.985 66.480 206,480 215,123 384 465
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S, MIDDLETON NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2021 continued ... FUND DETAILS lal The Restricted Funds comprise the Friends of Middleton Parish Church So¢iety, the Friends, Restorats"on Fund, the Flower Fund, the Charity Fund. the Muhindo Fund. the CUCMUK Fund, and the Organ Fund. At 31 December 2021 the balances on the Restricted Funds were. as follow5.' Friends Society Flower Fund Charity Fund Muhindo Fund CUCMUK Fund Organ Fund 129,594 8.314 878 25 3.320 142 829 Ibl The Endowment Funds consist of rtain investrnents held under five separate trust funds administered by the DiCSan 8oard of Finance on beha of the PCC. At 31 Dember 2021 the balan on Ihese fvnds consisted ot. 6,347.39 shares in the CBF Investment Fund Dep)sit ac(xJunts 148,644 66.479 £ 215 123 10. RELATED PARTY TRANSACTION The Parish Administrator, Mrs M Brennan, is ihe wtfe of Churchwarden, D Brennan. Mr Brennan had taken no part in the decision to appoint hi5 Wtfe to thi% [1"0n, for which her remuneration in the year amounted to £9.80012020." £9.800)-
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S. MIDDLEfoN INDEPENOENT EXAkllNER'S REPORT TO THE MEMBERS OF THE PCC I hereby report on the financial statements of the Par(Khial Churth Cwncil of St Leonard, Middleton for the year ended 31 December 2021 compnse the statement of financial activities. balance sheet and related notes. which are sel on pages 3 to 10. This report is in respect of an examination Lxrried out in accordance wth the Church Accwnting Re9ulations 2016 (the Regulations) and section 145 01 the Chariknes Act 2011 {the 2011 Acll Respeetiw responsibllttigs of the PCC and Examlner As the Mem5 of the PCC and as trustees Y< are respon%bk for the preparan of the financial ststements," you consider that an audit is not required for this year under s.144 of the 2011 Act and that an independent examination is needed. It is my sponSIbl1rtY to examine the accoun15 under seth.on 145 of the 2011 Act. to follow the predureS latd down in the general Directions given by the Charity Commission lunder tion 145(5}Ib}) of the 2011 Act and to state wthether partilar matters have come to my attention. Ba$is of indgpendent aMIne8 Yeport My examination wa5 carried OLrt in aC0Ydan the General Directions given by the Charity Commission and to be f¢nd in Church Guidan 2016 edrt. Thig examinab.on includes a review of the accounting records kept by the PCC and a comparison of the accounts wth those records. It also includes consideration of any unusual rtems or disdosures in thè finanal statements and seeking explanations from you as trustees corKemirvJ any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequenlly no opinion is given as to whether the financial statements present a true and fair view and reF¥Nt 15 limited to those matters Set out in the ststement below. Indepgnd¢nt examin•rfs statemont I have completed my examinats'on. I can ¢onfinn that no material matters have come lo my attention in conneth.on with the examination gNing rne use to believe that in any merial respect". the accounting records were not kept in aOrdanCe V•ith sectN)n 130 of the 2011 Act. or the accounts did rt accord wrth the &countiThJ rLwrd$". the accounts did not compty with the applicable requirements con¢xning the fom) and content of accounts sel out in the Chariti"e5 {Accounts and Repcwts) Regulations 2008 other than any requirement that the accounts gwe a knje and faiff view which 15 not a matter Gonsidered as part of 8n independent examinatb)n. I have come auoss no other maiters in Connec.( wilh the eXaminatiC to whth attenb.on shoukl be drawn in ths report in Order to ertable a Fryer understanthng of the finanrAal statements to be reac David Ducie BS¢ FCA Wrigley Partington Chartered Accountants Sterting House 501 Middlet¢)n Road Chadderton Oldham OL9 9LY June 2022