REGISTERED CHAIUTY NULNIBER: 1149232 REPORT OF THE TRUSTEES AND FINAP4CIAL STATEL¥IENTS FOR THE YEAR ENDED 31ST DECEI¥IBER 2024 FOR THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARtSH OF ST CUTHBERT, BURNLEY Ainsworths Limikd Chanered Accountants Charter House Stansfield Street Nelson Lancashire BB9 9XY
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT, BL'RNLEY CONTENTS OF THE FIIYANCIAL sTATEIENTs FOR TIIE YEAR ENDED 31ST DECEIIBER 2024 Page Report of the Trustee$ Ito4 Independent Examiner's Report staent of Financial ActlVLties Balance Sheet Notes to the Financial SteMents 8t0 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST CUTHBERT, BURNLEY REPORT OF THE TRUSTEES FOR THE YEAR EDED JIST DECEMBER 2024 FINANCIAL STATEINIENTS AND TRUSTEES. REPORT The trn%tee% present Ihe financial statements ol the charity for the year ended 31 December 2024. The trustees confim) thai, in iheir opinion, Ihey have.. selected 5uilable accounting policies and applied them CQllSjStently' made judgements and estimates which are reabonable and prudent, and prepared the financial 8tatemet)Is on a going concern basis. The trnSe8 believe that Ihe financial Statements comply with statutory requirements, the governing do¢uments of the charity and the Statement of Recommended Practice ielaling to charities. REFERENCE AND AD[[IN1sTLITIVE DETAILS Registered Chmritv niimber 1149232 Registered offiee St Cuthbert Ttswneley Street Burnley Lanca5hire BBIO ITS Trustees and key management J A Swierc P Pilkington A Brown Rev M Din J Braddock J Gilbert L Rogers P Woodworth IDdepeRdent Examiner M Sunter FCA Ainsworths Limited Chartered A¢¢ounian(s Charter House Siansfield Streei Nelson Lanca8hire BB9 9XY Pag¢ I
THE PAROCHIAL CHLTRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT, BURNLEY REPORT OF THE TRUSTF.ES ICONI TINUED) FOR I'HE YEAR ENDED 31ST DECEMBER 2024 STRUCTtyRE. GOVERNANCE AND PwIèiNAGEIWIENT Organisatioftal status The Parochial Church Council of The Ecclesiastical Parish of St Cuthbert, Bumley I'the charity") was established on 5 O¢tTrber 2012 and is registered with the Charity Comtni8sioners (regislralion number 1149?321. Organi5aÉioll31 structure The Board CuentlY cotL%ists of the trustees and is responsible for key policy decisions and the effeciive governance of the organisation overall. The rrustees take care of the day to day running and legal requirelnents of the chariiy and the Board meets on a regular basis. Recruitment and appointment of new trustees Trustees are appoinied to refleci the skills required to support the Board and its range of activities. The trustees themselves appoint new tNsiees to the Board and provide appoiniees with a full orientation of the service5 provided, the decision- makn.ng processes of the charity and the roles and responslbiliiies of a irnsiee, including their legal obligationb under applicable laws. Risk management The truse& have examlned the majoi strategic, bubine5s and operatiotjal risks which the charity faces and confirtn that 5y5te]n5 have been etstablished to ensure that regular reports are pioduced and that necessary sreps Can b¢ taken lo address any issues ansing. OBJECTtVES AND ACTIVITIES The objectives of the charity are for the benefit of the public and are to promote to the e¢¢lesiastical part.h the whole ]nission of the church and for the trustees for other purposes which are eK¢lusively charitable according to the law of England and Wales and are connected with the charitable work of the church. Public benefit In setting out the charity's objectives 2nd planning of activities the trustees have given careful consideraiion to the Charity Cornmi55ion's general guidance and section 17151 ot the Charities Act 2011. The trubtees are confidenr that the charity offers services ot real and practical use to the local population and theiefore complies with the responsibiliry placed on all charities under the Charities Act 2011 to demonstrate a public benefit. ACHIEVEMENTS AND PERFORMANCE In his review tsf 2024, The Reverend Munawar Din thanked all the members of the Parochial Church Council, the church warden5, the leaders of various ministries and all parishioners for their superb support and partnership in the ministry and inissioll of Jesus. He expressed his sadness at the deaths of several parishioners and prayed for the sick. He gave inf0rn12tion about the Vision Actioll Plan with the long-tenn goals of increasin¥ the under 50'b in the congregation, developing and strengthening links and relatiollsh2p8 With the diverse community, growing in faith and leadership and improving use of digital technology. He welcomed our Intercultural Lay Minister. Teeman Zaki, who started his ministry in January. He encouraged praver and welcotned link8 With NHS Christian staff. He also encouraged spiritual growth by readillg the scriptures and spending time in reflection and prayer. He is very encouraged by an increase in Ihe number of children attendg Sund&y School. And al80, by the unifomed organisations workin&T with Sunday School to lead the All- Age Service which takes place once a month. He hopes thai continued link5 With Building Bridges and Mahabba will build relation8hips in the Community, Links with New Neighbors together and a local cotnmunity School are growEng well. He gave thank8 for the life of Kevin Quinn, who will be greatly mi8sed and urged both the Church, the Cotnmunity Hail and the Finance Committee to keep a close eye on the fjllancial situation. May God bless us and help is to berve him for his glorious purposes and mission as we worship and share Christ in 2025 and Beyond. Page 2
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT, BUNRLEY REPORT OF THE TRUSTEES (CONTIN4UED} FOR THE YEAR ETr4DF,D 31ST DECENIBER 2024 ACHIEVEL¥IENTS AND PERFoRLNcE {CONTINUEDI Church Finanee The ca8h balance for the church at 31" December 2024 was £51,711.15 compared with £33,919.18 at the end of December 2023. Toward8 the end of 2024 a legacy of £18.445 was gratefully teceived. Without this legacy Iheie would have been a small reduction in cash of £653. Significant expenses in 2024 included £1,470 to repair the roof and drainpipes, £645 on gas safety checks, £338 ot) fjre extinguishers, £195 on heater iepai15 and £190 on the ener(Ty control panel. The PCC expressed its gratitt2de for the ¢ontinued regular giving by paribhioners, without which the parish would not be funciallY viable. Community Hall Finance The cash iotal as at 31", December 2024 was £37,063.52 compared lo £46,569.61 at the end of December 2023 which is a loss of £9,506.09. This is mainly due to us having to have new fire doors fitted in the main hall and the youth room at a cost of £6,000. The gas bills for 20?4 were. thankfully. almost £4,000 less than 20?3 and the electricity almost £1,000 less. The hall is still being well used both during the day and in the evening and th¢ bar open8 every Tuesday evening and during show week. Thanks go to everyone who use5 and supports the hall in any way and thanks to all members of the CommLmity Hall CoMlttee for their hard work. Future plans Future plans will be driven by the needs of the church and wider community. Events and meetings will be held in person and using video conferencing I me85aging iools where appropriate. Reserves policy At 31° December 2024 total reserves carried forward $Ld al £616.53912023.. £608,278). The trustees believe the net asset position is sufficieni for the tUre needs of the charity. HoweTrer, these levels are to be reviewed annually. Related parties There were no related parties during the financial year12023.. £Nil}. Page 3
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CLsTHBERT, Bu5¥LEy REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR E)L DED 31ST DECEMBER 2024 STATEI¥IENT OF TRLTSTEES RESPONSIBILITIES The tru5tee5 are responsible for preparing the trusiees. report and the fancIal statements in accordance with applicable law and United Kingdom Accounting Standards includinLF Financial Reporting Standard 102.. The Finiincicil Reporling Standllrd applicahle in the UKand Repiiblic of Irelund {United Kingdom Generally AcCepd Accounting Practice). The law applicable 10 charitie8 in England and Wales requires the trustees ro prepare fmancial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming re50urce8 and application of resources of the charity for that petiod. In preparillg these financial staiements. the trugtees are required to.. select suitable accounting policies and then apply them consistently" observe the methods and principles in the Chartties SORP and FRS 102: ake judgements and estimaies that are rea8onable and prudent., state whetheT applicable UK accounting SLgndards have been followed, subject to any material departures dibclosed and explained in the fthancial statements. prepare the Fancial sthtemenis on the going concern basis unless It is itkappropriate to presume that Ihe charitable cotnpany will continue in business. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and el]e ihem io ensure that the FanCIal statements Comply with the Charities Act 201 I, the Chai'itv (Accounts anclRepoits) Regtsla¢iun5 2U08 and the provisiotL8 of the tryst deed. They are also responsible for safeguarding the assetb. of the charity and hence for taking reasonable steps for the preveniion and dete¢Èion of fraud and other irregularities. ON BEHALF OF THE BOARD.. Trustee Dated.. 201h June 2025 Page 4
INDEPENDE,YT EX.4MINER'S REPORT TO THE lEL¥llBERs OF THE PAROCHIAL CHURCH COU)CIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBF.RT, BLEY I report on the accounts of The Paro¢hial Church Council of The Ecclesiastical Parish of Si Cuthbert. Buml¢y for the year ended 31, December 2024, whi¢h are set oui on pages 6 10 12. Respeetive respoThsÈbilities of the trustees and examiner The charity'5 ISteeS are re%ponsible for Ihe preparation of the account%. The charity's trustees consider that an audit is not required for this year under section 14412) ol. the Charities Act 2011 (the 201 l Act) and Ihai an independent examination is needed. Having satisfled that the Charity is not subject lo an audit under section 144121 of the 2011 Act and is eligible for independent examinarion, it is my responsibility to.. Examine Ihe accounts under section 145 of the 2011 A¢i', To tollow the procedures laid down in the general Directio]]s given by the Charity Commission under section 14515)(bl of the 201 l Aci. and To Stale whether particulat matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the General Direeiions given by the Charity Commissioner. An examination includes a review of the accounting records kepi by the chanty and a compatison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanaiions from you ab trustees concerning any such matters. The procedures undertaken do not provide all the eviden¢e Ihat would be required in audit and, ¢onsequenily, no opinion is given as to whether the accoLmts present a 'tJue and fair view, and the report is limited to those matiers set out in the statement below. Independent examiner's Statement In connection with tny examinalioll, no matter has come to my attention.. WhÈ¢h give5 tne reasonable cause to believe thai, in any material respect, the requiremet)L8'. la) to keep ac¢ounling recordb in accordance with section 130 of the 2011 Act; and {bl to prepare a¢counts which accord with the accounting records, comply with the accouniing requiremenrs of the 201 l Act have not been m¢t', or To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mark Sunter FCA Ainswoffhs Limited Charter House Stansfield Street Nelson Lancashire BB9 9XY Dated.. 20th June 2025 Page S
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLEStASTICAL PARISH OF ST CUTHBERT, BURNLEY STATEfvIENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEIWIBER 2024 Unrestrieted funds Rtstrlcted funds 2024 2023 Notes INCOMING RESOURCES Voluntary income Chariiable a¢iivities Other tr8ding activities Investment income S8,088 4,073 1,799 10,008 9,110 958 59,887 14,081 9,110 1,903 48,551 10,927 945 2,046 Total ineomillg resources 63,106 21,875 84,981 72,734 RESOURCES EXPENDED Chariiable a¢iiviiies Other trading Costs Support costs 42,745 27,634 4.152 234 70J79 4,152 2,189 81.536 4,539 1,839 1.955 Total resources expended 44.700 76,720 NET movEIENT IN FUNDS 18,400 {10,1451 8,261 {15,1801 Other re¢ogni$ed gains and losses Net gainslllossesl on investments NET MOVEMENT lly FLryDS 18,406 (10,145) 8,261 (15,180) RECONCILIATION OF FLryDS Total funds brought forTrvard 53,983 554,295 608,278 623,458 TOTAL FUNDS CARRIED FORWARD 72 544 150 608,278 The statement of fjnanctal activities includes all gains and losses recognised in the year. All income and expenditure derives from continLLing activities. The notes form pan of these financial StamentS Page 6
THE PAROCHIAL CHURCH COUYI CIL OF THE ECCLESIASTICAL PARISH OF ST CL THBERT, BUILYLEY BALANCE SHEET AT JIST DECETrIBER 2024 2024 2023 Notes FIXED ASSETS Tangible asset5 527,423 527,423 CURRENT ASSETS Stock Cash at bank and in hand 451 88,775 426 80,489 89,216 80,915 CREDITORS Amountb. falling due within one year NET CURRENT ASSETS 10 iio 60 89,116 80,855 TOT AL ASSETS LESS CURRENL T LIABILITES 616,539 608,278 NET ASSETS 616,539 608,278 FUNDS Restricted Unre%trict¢d 544.150 72.389 554.295 53.983 TOTAL FUNDS 616.539 608 ?78 The funCIal statements were approved by the Board of Trustee5 on 20 lune 2025 and were signed on its behalf by.. JGI ert Trnstee The notes forn) part of these funCIal 8tatemenrs Page 7
THE PAROCHIAL CHURCH COUNCtL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT, BURNLEY NOTES TO THE FINANCI.4L sTATEIENTs FOR THE YEAR ENDED 31ST DECEfwlBER 2024 ACCOUNTll¥G POLICIES Aeeoullting eonvention The accoun15 (financial statements) have been prepared in accordance with the Statement of Reconunended Practice.. Accounting and Reporting by Charities preparing their accounL% in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102) and the Charities Act ?01 l and UK enerally Accepted Practice. Cash flow The Charity is exempr from ihe requirement to prepare a cash flow sratemeni as it qualifies as a small enriiy. Incoming resources All incoming resources are included on the Statement of Fi[nCial Aciiviiies when the chariry is legally entiiled the income and the amount can be quantified with reasonable accuracy. Income from donations. legacies, fundraising and sirnilar incoming resources are in¢lled in the year in which they are receivable. Any income received for specific PULpose 15 accounted for as restricted fiS when receivable. Resourees expended Expenditure is accounted for on an accruals basis {in¢lusive of attributable value added tax which cannot be recovered) and has been classified under the principal categorie5 related to the cost. C05t5 allocated to activities in the furtherance of the ciwi'ty's objects are those directly associated with achieving the charity's goals. Governance costs are those inCued in connection with the managetnent of the charity's assets, organisalional administration and cotnpliance with constitutional and statlliory requiretnents. Where co8L8 cat)not be directly attributed to particular headings they have been allocated to activities on a basi.% consistent with the Use of resources. Fulld accounting Uurestricted funds are available for use at the discretion of the try8tees in the fiJrtheran¢e of the general activities of the chariry. Surplus funds can be allo¢ared 10 restricd projects if the tjustees believe they are required. Restricted funds are funds subject to specifi¢ restri¢iion impo8ed by the donors for the purpose of any appeal in which the funds are raised and can only be used for particular purpose within the obje¢ts of the charity. Tangible fixed assets It is Ihe policy of the Chariiy noi 1¢> deprecia the fLxed asbeis on the basis they fomi the land and buildings of the organisarion. Taxation The eniiry is a regiSred ¢harity and is theiefore exempt from Income Tax and Corporation Tax under the provisions of Se¢tion 50511} of ihe Income and Cotporation Taxes Act 1988. The notes forni part of these financial siatements Page 8
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT, BblknYLEY NOTES TO THE FtNANCIAL STATENIENTS FOR THE YEAR ENDED 31ST DECETrIBER 2024 VOLULYTARY INCOME 2024 2023 Donations Planned giving Legacies Collections (open plate} Gift aid 7,817 25,601 18,44S 996 7,018 15.705 24,165 735 7,946 59,887 48.551 In 2023. voluntary income totslling £47.035 wa5 unrestricted and £1,516 was restricted. INL COTrIE FROM CHAIUTABLE ACTtvtTIES 2024 2023 Fundraising events Colltributions from Internal Groups PCC Fees 4,713 7,779 1,589 4,966 5,296 665 14,081 10,927 In 2023, incoine from charitable activities iotalling £1.853 was unrestricted and £9.074 was restricted. OTHER TRADING ACTIVITIES 2024 2023 Hall Lettillgs to External Bodies Cafeteria, Bar and Catering 3,680 5,430 5,243 5,967 9,110 11,210 In 2023, income from other trading activities tOlling £11,210 was restricted. The notes fomi part of these financial slatetnents Page 9
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARtSH OF ST CUTHBERT. BURLYLEY NOTES TO THE FINANCIAL STATEMEE4TS FOR THE YEAR ENDED 31ST DECEI¥IBER 2024 CHARITABLES ACTtVTY COSTS 2024 2023 Ministry Parish share Vicarage cosis Fundraiblng expenses Premises COSts Repairs and renewals 27.439 706 738 29,461 12,035 27,000 2,005 360 46.252 5,919 70,379 81,274 During the year. 0 employee received remuneration in excess of £60,000. The trustees and key tnanagement personal have received neiiher remuneration nor reimbursemeni of expenses during the period for their roles as tru8tees end management. OTHER TRADING COSTS 2024 2023 Bar staff costs Bar Stock used Bar costs 1,577 2.320 255 1.814 2.640 85 4,152 4,539 Resources expended lotalling £4,15212023.. £4.5391 were resiricied. SUPPORT COSTS 2024 2023 Administration costs 2,189 1,839 2,189 1,839 Resources expended iotalling £234 (2023.. £Nill were restricted. The notes fotm part of these financial statements Page 10
THE PAROCHIAL CHURCH COLNCIL OF THE ECCLESIASTICAL PARISH OF ST CL THBERT. BURNLEY YOTES TO THE FINANCIAL ST ATELMENTS FOR THE YEAR ENDED 31ST DECEIBER 2024 TATr4GIBLE FIXED ASSETS Lalld & Fixtures Buildings Fitting$ Total COST At I" January 2024 Additions 500.165 27.258 527,423 At 31° DeCeber 2024 500,165 27,258 527.423 DEPRECIATIO.N At I" January 2024 Charge for year At 31" December 2024 NET BOOK VALUE At 31" December 2024 500,165 27,258 527,423 At 31. DeceTnber 2023 500,165 27,258 527,423 STOCK 2024 2023 Bar stock 451 426 451 426 io. CREDITORS: AL¥IOUNTS FALLING DUE WITHINL ONE YEAR 2024 2023 Other creditors iio 60 iio 60 The notes fonn part of these financial statements Page 11
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT, BURNLEY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EDIDED 31ST DECEfvIBER 2024 ii. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Total Funds Unrtstrieted funds Restricted funds Fixed assets Current assets Current liabilities 527,423 16,837 (i ioi 527,423 89,226 Iiio) 527.423 80,915 1601 72,389 72,389 544.lio 616,539 608,278 12. MOVEMENT IN FUNDS Net movement rund$ At 1.1.24 At 31.12.24 Unrestricted fund$ Designated fund- Hall General fund- Church 15,576 38,407 15,576 56,813 18.406 Restricted funds Church fund Hall fund 4.165 550,130 1555) 19,590) 3,610 540,540 TOTAL FUTr4DS 608,278 8,261 616,539 Net Moveent in funds, included in the above are as lollows.. Incoming resources Resources Recogni5ed expended gaillsl(Ios5e$l lovement ill fulld5 Unrestrieted funds Designated fund- Hall General fund- Church 63,106 {44.7001 18.406 Restricted fuThds Church fi]nd Hall fund 910 20,965 11,465) {30,555) Isss) (9,5901 84,981 (76,720) ,261 The noies fomi part of these financial siatemenis Page 12