St Michael's Stanwix with St Mark's Belah PCC R¢gistration number: 1159961 Annual Report and Financial Statements 31 December 2024 dOdd&co St Michael's Stanwix with St Mark's Belah PCC Contents Reference and Administrative Details Trustees. report Trustees, responsibilities Independent examinerfs report Statement of fsnancial activities Balance sheet Notes to the financial statements St Michael's Stanwix wlth St Mark's Belah PCC Reference and Administrative Details Charity nam St Michael's Stanwix with Sl Mark's Belah PCC Charity reglstratlon number 1159961 Princlpal office St Michael's Parish Centre Church Street CARLISLE CA3 9DJ Registered office St Michael's Parish Centre Church Street CARLISLE CA3 9DJ Trustees Revd l R Mclntyre- Chairman A R H Cook- Vice Chaimian P A Cowen - Treasurer E A Simpson- Church Warden DWHowe K R Borlase. Deputy treasurer RAGCOX E Farnworth E L S Maylin J Furness K Howe A Quinn D Libby L A Simpson R E Keiller, PCC Secretary EM Cook R Amold E Simpson ETAmos G Goodman (resigned 28 April 2024) Accountant Dodd & Co Limited FIFTEEN Rosehill Montgomery Way R05ehill Estate CARLISLE CA12RW Page 1 St Michael's Stanwix wlth St Mark's Belah PCC Trustees. Report for the Year Ended 31 December 2024 The financial statements have been prepared in accordance with the accounling policies sel out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounling and Reporting by Charities-. Statement of Recommended Practi￿ applicable to charities preparing their accounls in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland. Structure, Governance and Management Organisational structure and governing document St Michael's Stsnwix with St Mark's Belah PCC is a body corporate, and its governing documents are Ihe Parochial Church Council Powers Measure (19561 as amended. the Church Representation Rules 2011 and 8 District Church Councils Scheme approved by the Carlisle Diocesan Bishop's Council and implemented in 1993. The PCC is also a charity registered in England, no 1159961. Any act of the Council may be signified by an instrument executed pursuant to a resolution of the council and under the hands or if an instrument under seal is required under the hands and seals of the chairman presiding and bNo other members of the council present at the rneeting at which such resolution is passed. Members of the PCC other than those appointed ex officio are elected by the Annual ParoGhial Church Meeling IAPCM) held in April each year at which all those on the church electoral roll are entitled to vote. The governing document requires a quorum of one third present at PCC meetings which are held six times each year. Matters relating to the parish, church programme and events, buildings maintènance and development, and finance. are discussed and agre8d by a majority vole of these present. In addition to the PCC, three working sub groups were formed in 2021 to cover the operation of different areas of parish life.. Finance and Administration, Building Maintenance and Development, and Mission and Fellowship. The District Church Councils (OCCI which met on the alternate months to the PCC are in lemporary abeyan￿. The PCC has a Standing Committee which has power to transacl the business of the PCC belween its meetings, subject lo any directives given by the Council.11 constructs and prioritises the agenda for PCC meelings. other committees are established by the PCC as required. with responsibility for particular areas, who then report to the pcc. Recruitment, Induction and Training of truslees Members are elected to the PCC at th8 APCM by the members of the churches who are included on the Electoral Roll. Trustees receive induction training on a one-to-one basis following election to the PCC. They are required to undergo a DBS check and undertake Basic, Foundation and Raising Awareness of Domestic Abuse, Diocesan Safeguarding Training every three years. Related parties The Benefice of Stanwix, St Michael's Church. Stanwix with St Mark's Church. Belah is part of the Diocese of Carlisle within the Church of England. The PCC act as the sole trustee for the Miles Maclnnes Trust (charity nutnber 250935 - "Proceeds of sale of the Miles Maclnnes Memorial Hall and caretakerfs house"). As at 31 December 2024 the trust held funds lotalling £130,802 (2023 £134.863) "for the benefit of the inhabitants of StanWi￿. During the year the Tmst transferred a total of £7,265 (2023 - £10.782) to the PCC which was used towards Parish Centre running costs. Major risk statement The trustees have reviewed the major risks to which Ihe charity is exposed. and systems or procedures have been put in place to manage those rÉsks. Objectiv•s and Activlties The PCC has the responsibility of cooperating with the Incumbent, Revd. lain Mclntyre. irs promoting the whole mission of the Church, pastoral, evangelistic, social and ecumenical within the ecclesiaslical parish. The PCC also has maintenance responsibility for both church buildings, and the Parish Cenlre adjacent to St Michael's. The PCC have considered the Charity Commission's guidance on public benefit and. in particular. the specific guidan on charities for the advancement of religion. In particular. we endeavour lo enable ordinary p8ople to live out their faith as part of our parish community through: Page 2 St Mlchael's Stanwix wlth St Mark's Belah PCC Trustees. Report for the Year Ended 31 December 2024 Leaming. Living and Sharing our faith in Christ. Provision of pastoral care for people living in the parish. Mission and outreach work. Aclivities undertaken during the year include.. Regular weekly services providing worship, teaching and fellowship Pastoral care to members ofthe congregation. Various children and youth activities. Encouragernenl of mid-week home groups and prayer groups. Provision of baptism, marriage and funeral services for parishioners. Achtevements and performance Summary of main achievements during the year The majority of our activities in church life continued as in previou5 years. Regular staff meetings. PCC meetings, Home groups and children's activities were all occurring throughout the year. Progress has been made on plans for the redevelopment of the interior of St Michael's Church (Project Nehemiah) including the installation of halo healers, removal of choir stalls and some pews, and new carpeting Ihroughout. By the end of 2024 funds had been raised. and the deposit paid, for the installation of three halo heaters across the front of church, and this was completed in February 2025. Flnancial Review Total income during the year ended 31 December 2024 was £138,718 (2023 £127,614), and expenditure totalled £165.975 (2023- £146,400). The allocation of income and expenditure be￿een variou5 funds is summarised below.. Income 102.164 2,752 5,890 24,586 3,326 Expenditure 104,483 9,934 27,656 23,902 Surplus{Deficit) 12,3191 (7,182) 121.766> General funds st Mark's Improvement fund St Michael's RestoratlDn fund Nehemiah Project Children & Young Peoples Icommunity Worker 3,326 Although the deficit in General Funds for 2024 was only £2.319 this was because we made the difficult decision to reduce the amount of Parish Offer paid to the diocese by £11.400. The current level of income for General funds is not sufficient to cover the running costs of the church and maintain the level of Parish Offer we have previously committed to. The PCC recognise that in recent years we have been reliant on reserves to cover over expenditure. Those reserves have now been depleted to the minimum level required to meel our cashflow commitments month by month. During 2025 the finallcial situation will continue to be monitored closely. and the congregation encouraged to respond as necessary. If income does not increase in 2025 then cuts will need to be made in expenditu￿. The balance of funds at 31 December 2024 was as follows: General funds £17,468 st Marks. Improvement £ 7,862 St Michael's Restoration £ 3.458 Nehemiah Project £ 684 Children & Young Peoples I CommunityWorker£14,743 Page 3 St Michael's Stanwix wlth St Mark's Belah PCC Trustees. Report for the Year Ended 31 December 2024 Resèrves policy The trustees seek to maintain general reserves approxi¥nately equal to two tnonths of general funds expenditure. They believe this is an adequate reserve level to ensure on-going cashflow. The general reserves as at 31 December were equivalent to I￿0 months of expenditure. Approved by the Trustees on 27 April 2025 and signed on their behalf by.. Revd l R Mclntyre- Chairman Trustee Page 4 St Michael's Stanwlx with St Mark's Belah PCC Trustees. Responsibilities In relation to the Flnancial Statements The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdorn Accounting Slandards. The law applicable lo charities in England and Wales requires the trustees to prepare financial statement5 for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming reSoUr￿S and application of resour￿$ of the charity for that period. In preparing these financial statements. the trustees are reqLbired select suitsble accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent. stste whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the financial stalements on the going concern basis unless it is inappropriate lo presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records Ihat disclose with reasonable accuracy at any time the financial position of Ihe charity and enable them to ensure that the financial statements comply with the Charities Acl 2011 as amended by the Charities Act 2022. the Charity {Accounls and Reports) Regulations and the provisions of the trust deed. They are responsibl8 for safeguarding Ihe assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 5 Independent Examiner's Report to the Trustees of St Michael's Stanwix with St Mark's Belah PCC I report on the a¢counls of the charity for the year ended 31 December 2024, which are set out on pages 7 10 17. Your attention is to drawn lo the fact that the Charity has prepared the financial statements in accordance with Accounting and Reporting by Charilies preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice Issued on 1 April 2005 which is referred to in the extanl regulations but has since been withdrawn. We understand that this has been done in order for the accounts lo provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019. Respectiv8 responsibilities of trustees and examiner The Charty's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 as amended by the Charities Act 2022 (the Act) and that an independenl examination is n8eded. It is my responsibility lo-. examine the accounts under section 145 of the Act- follow the procedures laid down in the General Directions given by the Charity Commission under section 145 <5) Ibl of the Act. and state whether particular matiers have come to my attention. Basls of independent examinerfs report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounling records kept by the charity and a comparison of the accounts presented with those records. It also includes consideralion of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concernin9 any such matters. The procedures undertaken do not provide all the eviden￿ that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view. and the report is limited to those matters set out in the statement below. Independent examlnerfs stalement In connection with my examination, no matter has come to my attention= {1) which gives me reasonable cause to believe that in any malerial respect the requirements.. to keep accounting records in accordance with section 130 of the Charities Act 2011 as amended by the Charities Act 2022., and to prepare accounts which accord with the accounting records. comply with Ihe accounting requirements of the Act have nol been met-, or lo which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. {2) FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA12RW Martin Borradaile ACA Dodd & Co Limited Chartered Accountants 27 April 2025 Page 6 St Mlchael's Stanwix with St Mark's Belah PCC Slatemant of Financial Activities for the Year Ended 31 December 2024 Unrestrlcted Restricted Total Funds Total Funds Funds Funds 2024 2023 Note Income and endowments from: Donations and legacies Investments Charitable aGttvities Total income 98,236 573 6,107 104,916 32,541 1,261 130,777 1,834 6,107 138.718 116,197 2,075 9,342 127,614 33,802 Expenditure on: Charitable activities Total expenditure 114,417 114,417 51.558 51.558 165,975 165,975 146.400 146.400 Net movements in funds (9,501) (17,756) 127.257} (18,786) Re¢oncillation of funds Total funds brought forward Total funds carried fofward 34.831 25,330 36,641 18,885 71,472 44,215 90.258 71,472 The notes on pages 9 to 17 fomi an integrdl part of those financial statements. Page 7 St Michael's Stanwix with St Mark's Belah PCC Balance Sheet as at 31 December 2024 2024 2023 Note Current assets Debtors Cash at bank and in hand 12,239 35,758 18,363 59,971 47,997 78,334 Creditors.. Amounts falling due within one year (6,862) 12 (3,782) Net current assets 44,215 71.472 44,215 71,472 Net assets The funds of the charity= Restrlcted funds 18,885 36,641 Unrestrlcled funds Unrestricted income funds 25.330 34,831 44,215 71,472 Total charity funds The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Approved by the Board on 27 April 2025 and signed on its behalf by-. Revd l R Mclntyre - Chairman Trustee P A Cowen - Treasurer Trustee The notes on pages g to 17 form an integral part of these financial statements. Page 8 St Michael's Stanwix with St Mark's Belah PCC Notes to the Financial Statements for the Year Ended 31 Decembèr 2024 Accounting policies ststement of compliance The accounts (financial statements) have been prepared under the historical cost convention with items rec(KJnised al cost or transaction value unless otherwise stated in the relevant notelsl to Ihese accounts. The financial statetnents have been prepared in accordan￿ with the second edition of the Charities Ststemenl of Recommended Practice issued in October 2019, the Financial Reporling Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021 and the Charities Act 2011 as 8mended by the Charities Act 2022. The accounts (financial statemenlsl have been prepared to give a 'true and fair, view and have departed from the Ch3rities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view.. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Iieland (FRS 102) rather Ihan the Accounting and Reporting by Charities=Statement of Recommended Practice effective from 1 April 2005 which has Sin￿ been withdrawn. Basls of preparation The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cosl or transaction value unless otherwise stated in Ihe relevant accounting policy notes. Going concern These financial 5tatefflents have been prepared on a going concem basis. Fund accounting policy Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the obje¢lives of the charity- Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Further detsils of each fund are disclosed in note 14. Income and endowments Donations and legacies income includes grants that provide core funding or are of a general nature are recognised when the Charity has entitlement to Ihe income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donations and legacies are recognised on a r￿1Vable basis when receipt is probable and the amount can be reliably measured. Grants are recognised when the charty has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet a5 deferred income to be released. Income from Government and other grants. whether 'capital' grants or 'revenue' grants, is rocognised when the charity has entiuement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can bg mgasured reliably and is not deferrgd. Income from tax reclaims are included in Ihe statement of financial activities at the same time as the gift to which they relate. Investment income is recognised on a receivable basis. Income from charitable activit185 includes income recognised as earned (as the related goods or servi￿$ are provided) under contract. Page 9 St Miehael's Stanwix with St Mark's Belah PCC Notes to the Financial Statements for the Year Ended 31 December 2024 continued Expenditure All expenditure is recognised once there is a legal or constructive obligats.on to that expenditure, it is probable settlemenl is required and the amount can be measured reliably. All costs are allocated lo the applicable expenditure heading that aggregate similar costs to that category. Where costs cannol be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with Gentral staff costs allocated on the basis of time spent. and depreciation charges allocaled on the portion of the assèt's use. Other support costs are allocated based on the spread of staff costs. Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for ils beneficiaries. It inGludes both costs that can be allocated directly lo such activities and thos8 costs of an indirect nature necessary lo support Ih8m. Support ¢osts Support costs include central functions and have been allocated to activity cosl categories on a basis consistent with the use of resources. for example. allocating property costs by floor areas. or per capita. staff costs by the lime spent and other costs by their usage. Cash and Cash Equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-temi highly liquid investmenls that are readily convertible to a known amount of cash and are subject lo an insignificant risk of change in value. Page 10 St Michael's Stanwlx with St Mark's Belah PCC Notes to the Financial Statements for the Year Ended 31 December 2024 . continued Donations and legacies Unrestrlclod Rostricted Total Funds Total Funds Funds Funds 2024 2023 St Michael's Cash collections Planned giving Donations Gift day Gift Aid tax reclaimed Letting 5,089 52,056 2,789 5,089 52,056 2,789 4,190 49,861 4.876 2,209 12,236 849 74,221 11,901 743 72,578 11,901 743 72,578 St Mark's Cash collections Planned giving Donations Gift day Gift Aid lax reclaimed Fees 3,125 8,985 3,158 3,125 8.985 3,158 2,074 9,150 4,850 936 1,992 2,490 54 17.812 2,490 17,812 19,002 Restoration Donations Legacies and bequests Other income 4.629 4,629 1.000 5.000 51 6.051 4,629 4,629 Parlsh Centre Donations Miles Mclnnes fund Other income 560 7,265 21 7,846 560 7,265 21 7,846 103 10,782 10,885 Youth Planned givin9 Gift Aid tax reclaimed 2,430 896 3,326 2.430 896 3,326 5,210 828 6,038 Project Nehemiah Donations Gift Aid tax reclaimed Grants Other income 6.527 988 16.750 321 24,586 6,527 988 16,750 321 24,586 98,236 32,541 130,777 116,197 Page11 St Michael's Stanwix with St Mark's Belah PCC Notes to the Financial Statements for the Year Ended 31 December 2024 . continued Of the donations and legacies income in 2023 £104.108 related lo unrestricted funds and £12,089 related to restricted funds. Investments Unrestrieted Restrlcted Totsl Funds Total Funds Funds Funds 2024 2023 Interest on cash deposits 573 1,261 1.834 2,075 Of the investment income in 2023 £1,222 related to unrestricted funds and £853 related to restricted funds. Charitable actlvltles Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Parish centre Other income Letting 39 1,715 1,754 2,268 2,268 2,268 2.268 St Mlchael's Fees 2,610 2,610 3.555 St Mark's Coffee mornings Cornmunity Events Letting Fees 290 290 226 218 2,949 640 4,033 905 905 34 1.229 1,229 6,107 6,107 9,342 All of the income from charitable adivitie5 in 2023 related lo unrestricted funds. Page 12 O (7) a) a) ￿ ff) ¢r) ￿ Ln ¢r) ¢5) Cs * O Ln ￿ o 151 ir) CO CO Oi +X• (N N V ¢5) 00*r￿or￿(w(o r£jrOtrr￿￿C40co¢)vf1 -LnovT(YCNNO- Ln fQ OQL I OOOMTt¢ooron ¢1 o In ¢rJ (o 10 cooocoN ¢>> ￿(r)r 41) £ (V££ ¥<2ouv3JLu>otL