## **Receipts and Payments** ## **Christ Church, Ashton-under-Lyne** Period: 01/01/2024 to 31/12/2024 |Notes
Receipts
Voluntary Income
2(a)
Fundraising trading
2(b)
Investment Income
2(c)
Income from church activities
2(d)
Other Income
2(e)
**_Total Receipts_**
Payments
Fundraising trading costs
3(a)
Church Activities
3(b)
Governance
3(c)
Restoration
3(d)
**_Total Payments_**
**_Excess of Receipts over Payments before transfers_**
Transfers
_Transfers between funds - in_
_-out_
**_Net Movement in Funds_**
Cash & Bank balances b/fwd 1st January 2024
**Cash & Bank balances c/fwd 31st December 2024**|Unrestricted
22,414.85
1,083.46
190.26
3,849.00
3,549.16
**31,086.73**
-184.54
-56,019.41
0.00
0.00
**-56,203.95**
**_-25,117.22_**
**-25,117.22**
223,221.97
**198,104.75**|Designated
**0.00**
**0.00**
**_0.00_**
**0.00**
71,616.47
**71,616.47**|Restricted
48.00
**48.00**
**0.00**
**_48.00_**
**48.00**
29,637.04
**29,685.04**|2024
2023
22,462.85
25,155.90
1,083.46
1,378.45
190.26
144.18
3,849.00
4,171.00
3,549.16
580.00
**31,134.73**
**31,429.53**
-184.54
-566.44
-56,019.41
-66,189.07
0.00
0.00
0.00
0.00
**-56,203.95**
**-66,755.51**
**_-25,069.22_**
**_-35,325.98_**
_0.00_
_0.00_
_0.00_
_0.00_
**-25,069.22**
**-35,325.98**
324,475.48
359,801.46
**299,406.26**
**324,475.48**| |---|---|---|---|---| ## **Statement of Assets and Liabilities** ## **Christ Church, Ashton-under-Lyne** As at 31st December 2024 ||Notes|**2024**
**Unrestricted**
**funds**|**2024**
**Designated**|**funds**|**2024**
**Restricted**|**funds**|**TOTAL**
**2024**|**TOTAL**
**2023**| |---|---|---|---|---|---|---|---|---| |**Bank & Deposit Balances**||**£**|**£**||**£**||**£**|**£**| |Bank & deposit balances brought forward||223,221.97|71,616.47||29,637.04||**324,475.48**|359,801.46| |Excess of Receipts over payments for the year||-25,117.22||0.00||48.00|**-25,069.22**|-35,325.98| |Transfers between funds||0.00||0.00||0.00|**0.00**|0.00| |Bank & deposit balances carried forward|6|198,104.75|71,616.47||29,685.04||**299,406.26**|324,475.48| ## **Christ Church, Ashton-under-Lyne** ## **NOTES TO THE FINANCIAL STATEMENTS for the year ending 31 December 2024** ## **1. ACCOUNTING POLICIES** The principal accounting policies adopted in the preparation of the financial statements are set out below. ## **Basis of preparation** The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis. The financial statements include all transactions for which the PCC is responsible. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. ## **Fund accounting** **Endowment Funds** are funds, the capital of which must be maintained; only income arising from investment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established. The PCC currently holds no endowment funds. **Restricted Funds** represent donations or grants received for a specific purpose or invited by the PCC for a specific purpose. The funds may only be expended on the specific purpose for which they were given. Any balance remaining unspent at the end of the year is carried forward as a balance on that fund. The PCC does not normally invest separately for each fund but, when appropriate, interest is apportioned to individual funds. All receipts and payments relating specifically to restoration of the church building are categorised as Restricted Funds. There is also a Restricted Fund established in 2012 'for the good of the choir'. **Designated Funds** are funds which are not restricted by the donor but which the PCC has agreed to designate to be used in the future for a specific purpose. They remain under the control of the PCC as part of unrestricted funds and could be re-designated at any time in the future at the discretion of the PCC. **Unrestricted Funds** are general funds which can be used for PCC ordinary purposes. They include designated funds and free reserves. Free reserves are those funds available to be used at the discretion of the PCC which have not been designated for any particular purpose. ## **Receipts and Payments** ## **Christ Church, Ashton-under-Lyne** **----- Start of picture text -----**
2(a) Voluntary Income
2024 2023
Donations - FOCC Planned Giving Envelopes 297.76 11,983.48
Donations - SumUp card giving 7,381.40 0.00
Donations - FOCC standing orders 8,257.80 4,669.80
Cash collections 1,948.60 1,243.28
Donations 287.33 409.76
Special appeals 0.00 1,460.87
Votive candles 0.00 1.80
Tax recoverable 4,289.96 4,336.91
Legacies 0.00 1,000.00
Donations - Book of Remembrance 0.00 50.00
22,462.85 25,155.90
2(b) Fundraising trading
2024 2023
Fund raising events 1,083.46 1,378.45
Bookstall/Cards 0.00 0.00
200 Club 0.00 0.00
1,083.46 1,378.45
2(c) Investment Income
2024 2023
Diocesan Board of Finance Deposit Fund interest 157.57 115.78
Bank interest 0.00 0.00
Dividends 32.69 28.40
Revaluation of COIF units (J Walker Charity) 0.00 0.00
190.26 144.18
2(d) Income from church activities
Service Fees 2,039.00 3,856.00
Room hire 1,810.00 290.00
Parish magazine 0.00 25.00
3,849.00 4,171.00
2(e) Other Income
2024 2023
Insurance claim 2,249.16 0.00
Other income 0.00 0.00
Grant Income 1,300.00 580.00
3,549.16 580.00
3(a) Fundraising trading costs
2024 2023
Costs of events -70.95 -186.44
Stewardship costs -113.59 -380.00
-184.54 -566.44
3(b) Church Activities
2024 2023
Mission and charity giving - home -45.00 -455.00
Mission and charity giving - overseas 0.00 0.00
Clergy discretionary giving 0.00 0.00
Parish Share -28,872.00 -37,800.00
Vicar's expenses -4,846.34 -2,477.01
Curate's expenses 0.00 0.00
Vicarage Council Tax -1,997.83 -1,902.97
School ministry expenses -81.10 -537.29
Prayer Group expenses 0.00 0.00
Repairs and maintenance -7,108.46 -3,915.72
Insurance -3,899.37 -4,143.64
Gas -8,121.00 -2,013.00
Electricity 5,468.54 -5,037.21
Telephone -822.63 -754.66
Office costs 0.00 0.00
Postage and stationery -47.77 -2.49
Bank Service Charge 86.94 -278.15
Cleaners -576.26 -1,320.00
Messy Church expenses -87.00 0.00
Upkeep of services -2,129.01 -2,901.11
Gravedigger 0.00 -150.00
Organist fee -95.00 -60.00
Water -2,032.12 -1,690.82
Legal costs 0.00 0.00
Occasional Office fees -814.00 -750.00
-56,019.41 -66,189.07
3(c) Governance 2024 2023
PCC governance costs 0.00 0.00
0.00 0.00
3(d) Restoration 2024 2023
Restoration Consultancy 0.00 0.00
Restoration Work 0.00 0.00
0.00 0.00
**----- End of picture text -----**
## **Christ Church, Ashton-under-Lyne** ## **NOTES TO THE FINANCIAL STATEMENTS for the year ending 31 December 2024 (Cont)** |**4. FUND MOVEMENTS**
Unrestricted funds - General
Unrestricted funds - Designated
**Unrestricted funds - Total**
Restricted funds - Restoration
Restricted funds - Choir
**Restricted funds -Total**
**Total Funds**|**Balance**
**31st Dec 2023**
**Incoming**
**Resources**
**Resources**
**Expended**
**Transfers**
**In / (out)**
**Balance**
**31st Dec 2024**
223,221.97
30,973.14
-56,090.36
0.00
198,104.75
71,616.47
0.00
0.00
0.00
71,616.47
294,838.44
30,973.14
-56,090.36
0.00
269,721.22
28,637.04
48.00
0.00
0.00
28,685.04
1,000.00
0.00
0.00
0.00
1,000.00
29,637.04
48.00
0.00
0.00
29,685.04
**324,475.48**
**31,021.14**
**-56,090.36**
**0.00**
**299,406.26**| |---|---| ## **5. TREASURER'S SUMMARY OF ACCOUNTS** ## **Income** ## **Giving** Excluding a legacy of £1,000 and the special appeal for the installation of the defibrillator in 2023, the total amount of voluntary giving is £200 up in 2024. Very little difference has been seen by replacing giving envelopes with the SumUp card reader. This should encourage us that technology is not being seen as a threat to our income or otherwise. ## **Service Fees** Service fees have reduced by almost half. Only one wedding was held in the church in 2024. ## **Room hire** Payments for use of the church by various community groups on three evenings a week has raised £1,800. ## **Other income** Insurance claims totalling £2,249 have been received. This offsets some of the £7,108 repairs and maintenance costs expended. ## **Expenditure** ## **Parish Share** Our full Parish Share of £28,000 was paid. An overpayment of £872 will be credited to 2025’s payments. ## **Utilities** Gas costs have increased considerably and, coupled with boiler problems led to a deficit on the account. This has now been settled via increased monthly payments and the standing order reduced again. This is now carefully managed by the Churchwardens. The overpayment of electricity charges in 2023 were refunded at the beginning of 2024. Monthly readings are now submitted to ensure that bills are accurate. ## **Repairs and maintenance** Repairs to water damage in the toilet, numerous boiler repairs and electrical repairs have contributed to the increased costs here. The purchase and installation of the defibrillator are also included but offset by receipt of grants and donations. ## **Bank service charge** Due to a change in the terms of our bank account, we received a refund of charges of £155.97 in July. |**6. ACCOUNT BALANCES**
PCC General Account
Restoration & Improvement Fund
Restoration Account
Decorating Fund
Organ Fund
Walkers Charity Account
CofE Deposit Fund - Christ Church GARS
CofE Deposit Fund - PCC1
CofE Deposit Fund - PCC No.2 Account
Lloyds TSB Shares
**Total**|**Balance**
**31st Dec 2024**
**Balance**
**31st Dec 2023**
193,539.49
218,656.71
5,503.69
5,503.69
94,159.55
94,111.55
469.12
469.12
1,607.54
1,607.54
0.00
0.00
3,000.00
3,000.00
26.87
26.87
0.00
0.00
1,100.00
1,100.00
**299,406.26**
**324,475.48**| |---|---| CHRIST CHURCH, ASHTON-UNDER-LYNE ## **TREASURER’S SUMMARY FOR THE YEAR ENDED 31[ST] DECEMBER 2024** ## **Bankers** Lloyds TSB, Oldham Branch, 16 Market Place, Oldham, OL1 1JG. ## **Financial Review** Incorporated in accounts comments – see Note 5. ## **Funds held as Custodian Trustees on behalf of others** As at December 2024 the PCC held no funds on behalf of any third party. ## **Plans for Future Periods** The church plans continuing the activities outlined above in the forthcoming years subject to satisfactory funding arrangements. Plans and thoughts are also being formulated in order to progress the third phase of the restoration of the church building; the internal reordering. This is, as yet, in early stages. ## **Statement of Trustees responsibilities** Charity law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of its financial activities for that period. In preparing those financial statements the trustees have:- - selected suitable accounting policies and applied them consistently; - made judgements and estimates that are reasonable and prudent; - stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepared the financial statements on the going concern basis. Tony Hoskin Treasurer INDEPENDENT EXAMINER'S REPORT TO THE PCC OF CHRIST CHURCH, ASHTON-UNDER-LYNE FOR THE YEAR ENDED 31"DECEMBER 2024 This report on the financial statements of the PCC for the year ended 31bl December 2024, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ("the Regulations") and s.145 of the Charities Act 2011 { The Act") Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the financial statements. The charity's trustees consider that an audit is not required for this year (under section 144(2) of the Act), and that an independent examination is needed. It is my responsibiliiy to: examine the accounts {under section 145 of the Act); to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5){b) of the Act); and to state whether particular matters have come to my attention. Basis of this report My examination was carried out in accordance with Gener81 D1￿ctionS given by the Charfty Commisslon under section 145(5)(b) of Ihe Act and to be found in the Church guidance, 2006 edition. An exafnination includes a review of the accounting recoffls 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 the trustees concerning any such matters. The proGedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. 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 trustees have not met the requirements to ensure that.. proper accounting records are kept (in accordance with section 130 of the Act),. and accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act., or 2. to which, in my opinion, attention should be drawn in order lo enable a proper understanding ofthe accounts to be reached. Slgn•d.. John L Mil Dirnctor JLM Accounting Ltd 1 Daisy Close Ashton-undor-Lyn• Lancashire OL7 9NZ £2