ST LEONARD'S CHURCH, MIDDLETON REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 BK Plus Limlted Chartered Certifled Accountants Sterling House 501 Middleton Road Chadderton Oldham OL9 9LY
ST LEONARD'S CHURCH, MIDDLETON REPORT OF THE PAROCHIAL CHURCH COUNCIL . YEAR ENDED 31 DECEMBER 2024 Administrative Infomiation St Leonard's Church is situated In Middleton. It is part of the Diocese of Manchester within the Church of England and is within the Deanery of Heywood and Middleton. The Parochial Church Council is a charity registered with the Charity Commission under reference 1147214. PCC members who have served during the year are: Incurnbent: The Reverend A M Bailie (ex officio) Curate: The Reverend F Jackson {ex officio) The Reverend D E Brooks (ex officio) Churchwardens: Mr D Brennan (until 26 May 2024) Mr C Clarke (from 26 May 2024) Miss C J Swailes Elective Members: {Deanery Synod) Mrs C Caltan (until 26 May 2024) Mrs A Connell Mrs C Crowther (from 26 May 2024) Mrs K Hamnett Mr P Hamnett Mr G Jennings Mrs S Jennings (Deanery Synod) Rev P Rawlings (from 30 January 2024) Mr A Slim (Treasurer} Mrs M Slirn (secretsry) (Deanery Synod) Mrs D Taylor Mrs L Woolley Structure overnanco mana emen ob"ectives and activities The PCC'S duties and obligations are set out in the Parochial Church Councils (Powers) Measure 1956 (as amended). The method of appoinknent of PCC members is set out in the Church Representation Rules. All thurch attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. St Leonard's PCC has the responsibility of co-operating with the Rector and Assistant Clergy in promoting in the parish the whole mission of the Church, pastorat, evangelistic, social and ecumenical. In the opinion of the trustees the objects of promoting justice, equalty. peace and understsnding in the local community and more widely in socsety is wholly con51Stent with the Charity Commission definition of "public benefir,. Achievem nts and rformance Although the restrictions that had been in place during the Covid-19 pandemic We progressively removed. we have retained the pattern of a reduced number of services and we are continuing to see some growth in congregations with an increased number of families sharing in worship. Although the sale by auction of the Old Grammar School completed in October 2023. the net sale proceeds continued to be held by the Diocese pending Charity Commission clearance (which was forthcoming in February 2025). We are developing increased involvement with our local schools and community. Electoral roll and church attendance The Electoral Roll reported to the APCM in April 2024 (2023) was 64 (71) of whom 28 (31) lived in the Parish an(J 38 (40) outside. The totsl attendancE counted in October 2024 (2023) in accordance with Church of England Diocesan requirements at all services (induding Haest Festival, School Service and Baptisms) was 229 (329) adults and 64 {519) children under 16. The average weekly Sunday attendance (excluding baptisms and school harvest) was 57 adults and 16 children under 16 (2023: 60 and 20 respectively). The totsl number of'attenders, was in the region of 58 adults and 15 children aged under 16 registered for Sunday School (2023: approximately 60 and 20 respectively).
ST LEONARD'S CHURCH, MIDDLETON REPORT OF THE PAROCHIAL CHURCH COUNCIL . YEAR ENDED 31 DECEMBER 2024 continued Review of the ear The full PCC had 16 (15) members in 2024 (2023) and met 6 (6) times during the year with an average level of attendance of 13 (11). Committees met between meetings and reports of these meetings were received by the full PCC. Reports of the mission, ministry and activities of the church and a report from the Rector are given in a separate report at the APCM and are circulated to all members of the Electoral Roll and other church attenders. Financial review The total receipls on ordinary unrestricted funds were £64.632 (2023: £349.423) whilst receipts on restricted and endowment funds were £14,181 (2023: £11,927). The significantly higher unrestricted receipts in 2023 reflected two significant bequests and the sale (in October 2023) of the Old Grammar School. £73,453 (2023 . £95,664) was spent to provide the Christian Ministry from St Leonard's Church, including Ihe contribution to the diocesan parish share of £22,131 (2023: £43,450) out of £23,000 (£43,450) requested; a redit of £869 under the DioGesan "Encouragement Scheme" meant that our contributions represented 1000 (1000A) of the total requested. The Parssh Share is a voluntary contribution and not a legal debt, and largely provides for clergy stipends, housing and pensions, as well as Diocesan and national Church of England expenses. The Parish Share agreed for the next year is £28,000. The net result for the year was an excess of ordinary unrestricted expenditure over income of £8,821 (2023: income surplus £253,759). The overatl result for the year was an modest excess of expenditure over income of £866 (2023: income surplus £262,855) whilst there was an unrealised gain on investment assets of £3,882 (2023: £14,584). The balances carried fOard at 31 December 2024 were £286,143 on unrestricted funds, £141,646 on restricted funds and £232,981 on endowment funds. Reserves It is PCC policy to endeavour to rnaintain a balance on unrestricted funds equating to approximately six months payments to cover situations which may arise from time to time. In addition it is felt appropriate to build up a further sum to covef propety repairs. maintenance and security. The closing balance of unrestricted funds equates to nearly four years, worth of anticipated unrestricted spending, boosted as it is by the net sale proceeds of the Old Grammar School. Plans are being formulated to designate a substsntial sum to be put towards a planned re-ordefing of the Church. Approved by the PCC and signed on their behalf by Rev Alison M Bailie Chairman Chair of the Parochial Church Council Middleton Parish Church St Leonard's Square Middleton Manchester M24 6DJ
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S, MIDDLETON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEPIIBER 2024 Unrestrictéd Restricted Endowment Funds Funds Funds Total Funds 2024 2023 Note INCOMING RESOURCES Voluntary income 2a 45,948 1,412 47,360 103,950 Activities for generating funds 2b 1.857 1,325 3,182 Income from investments 2c 5.113 3,347 8,097 16,557 11,069 Income church activities 2d 8,480 8.480 9,768 Other incomtng resources 2e 3,234 3,234 236,563 TOTAL INCOMING RESOURCES 64,632 6,084 8,097 78,813 361,350 RESOURCES USED Fundraising costs 3a Grants 3b 1.865 2,350 4.215 1,405 Actsvities didIY relating to the work of the Church 3¢ 51,844 3,420 55,264 81,323 Churth Management and administration 3d 20,200 20,200 15,767 Transfers between funds (456) 456 73,453 5.770 456 79.679 98,495 NET {OUTGOING) INCOMING RESOURCES (8,821) 314 7,641 {866) 262,855 GAINS1 (LOSSES) ON INVESTMENTS: 5b 598 3,284 3,882 14,584 NET MOVEMENT IN FUNDS (8,821) 912 10,925 3,016 277,439 BALANCES BROUGHT FORWARD 294,964 140,734 222,056 657,754 380,315 BALANCES CARRIED FORWARD 286 143 141 646 232 981 660 770 657 754
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S, MIDDLETON BALANCE SHEET AT 31 DECEMBER 2024 Note 2024 2023 FIXED ASSETS Tangible Fixed Assets 5a 1,888 664 Investment Assets 5b 173,474 175 362 169,592 170 256 CURRENT ASSETS Sundry Debtors Short Term Deposits Cash at Bank and in Hand 242,475 201,084 46,167 489,726 237,428 191,938 61,567 490,933 LIABILITIES Creditors falling due within one year (4,318) (3,435) NET CURRENT ASSETS 485 408 487 498 NET ASSETS 8 £ 660770 £ 657 754 FUNDS Unrestricted Restricted Endowment 286,143 141,646 232,981 660 770 294,964 140,734 222,056 657 754 Signed on behalf of the Parochial Church Council on 25 May 2025 Chair Churchwarden Rev A M BAILIE C CLARKE Churchwarden C SWAILES
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S, MIDDLETON NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2024 ACCOUNTING POLICIES The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their acLounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act, except that no depreciation is provided on buildings (note 1). 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 include ati transactions, assets and liabilities for which the PCC is responstble in law. They do not include the accounts of other church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. Goin The accounts have been prepared on the going concern basis. concern Funds Endowment funds are funds, the capital of which must be maintained, only income arising from investments of the endowment may be used as unrestricted income. Restricted funds are funds which may only be expended on the specific object for which they were gtven. Unrestricted funds are general funds which can be used for PCC ordinary purposes. Incomin Resources Voluntary income Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenant ts recognised only when received. Income tax recoverable on covenants or gift aid donations is recognised when received. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due. Other ordinary income Rental income from the letting of church premises is recognised when received. Income fmm investments Dividends and interest are accounted for when receivable.
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S, MIDDLETON NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2024 ACCOUNTING POLICIES cont'd Incomin Resources cont'd Gains and losses on investments Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December. Resources used Donations Donations are accounted for when paid over. Activities directly relating to the work of the Church The diocesan parish share is accounted for when payable. Any parish share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet. Fixed assets Consecrated land and buildings and movable church furnishings Consecrated and benefice property is excluded from the accounts in accordance with s.96(2)(a) of the Charities Act 1993. No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed. Other fixtures, fittings and office equipment Equipment used within the church premises is depreciated on a straight line basis over 5 years. Investments Investments are valued at market valLJe at 31 December.
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S, MIDDLETON NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2024 contlnued .. INCO INGR OURCES Unrestricted Restricted Funds Funds Totsl Funds 2024 2023 a) Vol nta Income Planned giving . Gift Aid donations (incl Gift Day) Tax recoverable Other Collections Donations Grants Legacies Subscriptions Miscellaneous 19,464 6,437 5,576 7,798 1,197 19,908 6,574 5,576 7,798 2,028 21,902 7,723 5,536 6.010 7,007 330 51,617 137 831 2,000 2,000 3,476 45,948 3,476 47,360 3,825 103.950 1,412 b) Actlvltles for eneratin funds Fund raising Churchyard stones 952 905 1,857 1,325 2,277 905 3,182 1,325 c) Income from Investments Dividends and interest 5,113 11,444 16,557 11,069 d) Income from church a lvl Hall Lettings Fees Organ and bell charges Bookstall Magazine 8,280 200 8,280 200 9,386 360 22 8,480 8,480 9.768 e) Other incomln resources Churchyard fees Miscellaneous income Insurance claims 3,219 15 3,219 2,894 15 233,669 3,234 3,234 236,563 TAL IN OMIN RESOURCES 64 632 14 181 78 813 361350 Miscellaneous income in 2023 included net sale proceeds of the Old Grammar School.
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S.MIDDLETON NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2024 continued ... RESOURCES USED Unrestri¢ted Restricted Funds Funds Totsl Funds 2024 2023 a) Fundraisin Fundraising costs b) Grants Charitable giving 1,865 2.350 4,215 1,405 ities directl relati the work of the Church Mintstry - Parish share Clergy expenses Rectory Church running costs Utilibes, insurance Maintenance Fees to DI0Se Education and Evangelism Churchyard Miscellaneous 22,131 22,131 43,450 2,776 2,776 1,997 13,389 5,061 2,608 525 3,925 1,429 51,844 13,389 7.029 2,608 525 5,377 1,429 55,264 13,839 11,207 4,986 1,324 2,033 2,487 81,323 1,968 1,452 3,420 d) Administr AdminÈstration Stsff costs Stationery, copying, ICT Other otd Grammar School costs Legal and professional Depreciation 14,115 2,409 490 14,115 2,409 490 9,846 2,255 368 1,593 981 724 15,767 2,154 1,032 20,200 2,154 1,032 20,200 Total Ro8our¢ès Used £ 73909 STAFF COSTS Wages and salaries 14115 £ 13420 ible Fixed Assots Freehold Land & Buildings Equipment Total CostNaluation At 1 January 2024 Addition at Cost Revaluation Disposal At 31 December 2024 10,371 2,256 10,371 2,256 12,627 12,627 Depreciation At 1 January 2024 On disposals Charge foi the year At 31 December 2024 9,707 9,707 1,032 10,739 1,032 10,739 Net Book Value 31 December 2024 31 Dernber 2023 1,888 664 1,888 664
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S, MIDDLETON NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2024 continued ... 5. b) Investments 7,502.33 (2023 . 7,502.33) shares in CBF Investment Fund: Market value 1 January 2024 Unrealised gainl(loss) on revaluation 169,592 3,882 Market value 31 December 2024 173 474 6. SUNDRY DEBTORS 2024 2023 Amounts due within one year 242 475 237 428 CREDITORS . AMOUNTS DUE WITHIN ONE YEAR 2024 2023 Accruals and Deferred Income Creditors for Goods and Levies 4,318 3,435 4318 3435 ANALYSIS OF NET ASSETS BY FUND Unrestrlcted Restricted Endowment Fund$ Funds Funds Total Fixed Assets Net Current Assets 1,888 284,255 286,143 26,705 114,941 141,646 146,769 175,362 86,212 485,408 232,981 660 770
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S, MIDDLETON NOTES TO THE FINANCIAL STATEMENTS TO 31 DECEMBER 2024 continued ... FUND DETAILS (a) The Restricted Funds comprise the Friends of Middleton Parish Church Society, the Friends, Restoration Fund, the Flow@r Fund, the Charity Fund, the Muhindo Fund, the CUCMUK Fund, and the Organ Fund. At 31 December 2024 the balances on the Restricted Funds were, as follows: Friends Soctety Flower Fund Charity Fund Muhindo Fund CUCMUK Fund Organ Fund 133,467 5,955 942 603 67g 141646 (b) The Endowment Funds consist of certain Investments held under two separate trust funds administered by the Diocesan Board of Finance on behalf of the PCC. At 31 December 2024 the balances on these funds consisted of: 6,347.39 shares in the CBF Investment Fund Deposit accounts 146,769 86,212 232 981 10. RELATED PARTY TRANSACTION The former Parish Administrator, Mrs M Brennan (who retired in June 2024), is the wife of former Churchwarden, D Brennan (who retired in May 2024). Mr Brennan had taken no part in the decision to appoint his wife to this position, for which her remuneration in the year amounted to £5,283 (2023: £9,846>. 10.
PAROCHIAL CHURCH COUNCIL OF ST LEONARD'S, MIDDLETON INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE PCC I hereby report on the financial statements of the Parochial Church Council of St Leonard, Middleton for the year ended 31 December 2024 which comprise the statement of financial activities, balan sheet and related notes. which are set out on pages 3 to 10. This report is in respect of an examination carried out in accordance with the Church Accounting Regulations 2016 (the Regulations) and section 145 of the Charities Act 2011 (the 2011 Act), Respectlve rospon8lbilitles of the PGC and Examiner As the members of the PCC and as trustees you are responsible for the preparation 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 responsibility to examine the accounts under section 145 of the 2011 AGt, to follow the prorAures laid down in the generat Directions given by the Charity Commission {under section 145{5)(b)) of the 2011 Act and to state whether particular matters have come to my attention. Basis of independent èxaminer'8 report My examination was carried out in accordance with the General Directions given by the Charity Commission and to be found in Church Guidanc£ 2016 edition. This examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also indudes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as trustees conrning any such matters. The procedures ufKlertaken do not provide all the evidence that would be requtred in an audit, and consequently no opinion is given as to whether the financial statements present a true and fair view and the report is limited to those rnatters set out in the statement below. Independent examinees statsment I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: the accounting records were not kept in accordance with section 130 of the 2011 Act; or the accounts did not accord with the accounting COrds. or the a¢nts did not eomply with the applicable requirements con(rnIng the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true and fairf, view which is not a matter considered as part of an independent examination. I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial ststements to be Dominic Huxley Bsc AC BK Plus Limlted Chartered Accountants Sterling House 501 Middleton Road Chadderton Oldham OL9 9LY May 2025 11.