ANNUAL REPORT & ACCOUNTS of THE PAROCHIAL CHURCH COUNCIL ofthe ECCLESIASTICAL PARISH of CHEADLE ALL HALLOWS For the year ended 310ecember 2024 Final For PCC Approval- sma025
THE PAROCHWL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHEADLE ALL HALLOWS REPORT OF THE PCC TO THE MEMBERS OF ALL HALLOWS CHURCH FOR THE YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE INFORMATION: Full Charity Name: The Parochial Church Council of the Ecdesiastical Parish of Cheadle All Hallows Working Name The Parish of Cheadle All Hallows Incumbent: Rev Paul Cumming Associate Ministers: Rev Catherine Johnson Rev Gillian Hall Parish Office: All Hallows Church 222 Councillor Lane Cheadle Cheshire SK8 2JG Bankers: CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ The coperative Bank p.l.c. P.0. Box 101, 1 Balloon Street, Manchester M60 4EP CCLA Investment Management Ltd Senalor House 85 Queen Wictoria Street London EC4V 4ET Independent Examiner. P G H Wells FCA 6 Hulme Hall Avenue Cheadle Hulffle Cheadle SK8 6LN Charity Number 1171084 (Fitst registered 12th January 2017) Page 2 of 17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHEADLE ALL HALLOWS REPORT OF THE PCC TO THE MEMBERS OF ALL HALLOWS CHURCH FOR THE YEAR ENDED 31 DECEMBER 2024 INTRODUCTION The Parochial Church Council (PCC) of the Parish of Cheadle, All Hallows presents its reports and financial statements for the year ended 31 December 2024. The Parish is a part of Ihe Church of England. in the Diocese of Chester, Parish number 1202 and is located in the Deanery of Cheadle. The legal and adfflinistrative infomiation set out on page 2 fonns part of this report. These financial statements cofflply with Ihe current statutory requirements and Church Accounting Regulations. Note is also tnade of the recommendations of °PCC Accountsbility - The Charities Act 2011 and the PCC" 5th edition published by Church House in 2017. These accounts have been prepared on an "accruals basis. as the income of the PCC in a previous year was in excess of £250,000 as a sU11 of the sale of property. 1. REFERENCE AND ADMINISTRATIVE INFORMATION See page 2 for this information 2. STRUCTURE GOVERNANCE AND MANAGEMENT CONSTITUTION The Parochlal Church Councll (PCC) Is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure 1956. The PCC registered wllh the Charily Commission on 12th January 2017. having been previously exempled from Tegistiation by virtue of rts income. The appointrnent of PCC members is governed by and set out in the Church Representation Rules. MEMBERSHIP OF THE PAROCHIAL CHURCH COUNCIL Members of the PCC are either ex-officio 01 elected by Ihe Annual Parochi81 Church Meeting (APCM) in accordance with the Church Representation Rules. The following served ss members of the PCC for the whole of the perlod from 1 January 2024 to the date of this report, unless Olhemise stated: The Incumbent Revd Paul Cumrning Associate Ministers Revd Catherine Johnson, Revd Gilly Hall Wardens Graham Holt, Liz Hanison Tony Mason, Barbara Forest (also Reader). Anne GOdfY Helen Turner, Michael Wilson, Paul Miles, Rachel Miles. Shirfey Bailey. Diane Eaton, Mark Hewitt and Tony Priest (PCC Secretary), Keith Eagle (freasurer until February 2024), Stuart Hardfflan (until March 2024), From 21 April 2024: Richard Markham (freasurer), Andrew Brook (Asst. Treasurer) Ex officio (Readers) Heidi Theophanous Deanery Synod PCC Elected Members RECRUITMENT, TRAINING AND INDUCTION OF PCC MEMBERS The PCC is made up of individuals voted by Ihe Annual Parish General Meeting for a three-year tenn and ex-officio membevts, comprising clergy, licensed workers and Diocesan and Deanery Synod representatives. Page 3 of 17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PASN OF CHEADLE ALL HALLOWS REPORT OF THE PCC TO THE MEMBERS OF ALL HALLOWS CHURCH FOR THE YEAR ENDED 31 DECEMBER 2024 ORGANISATION AND CoMMrrrEE STrucTURE Flnance & Standing Committee This is the only committee required by law. It has FM)wer to transact the business of the PCC between these meelings, subject to any directions given by the Council. It oversees the general financial dimension of the work of All Hallows. Membership is the Vicar. the Wardens, Treasurer and two representatives from the PCC. Other Commlttees In addilion to the Finance committee there are other working groups who report to PCC regularly: Mission Committee - reviewing and planning our mission giving Maintenance Team - responsible for building upkeep CAP tearn - overseeing the strategy and work of the Debt Centre Safeguarding Team - implemenling and monitoring safeguarding policy Various Ministry teams for planning & development of other ministry activities Key Roles In addiiion to the roles on the PCC (Secretary & Treasure¢, there are other individuals who are responsible for specific afeas of compliance who report directly to tha PCC on theii area of responsibility: Safeguarding Officer Healih and Safety Officer Fire Safety Officer 3. OBJECTIVES AND ACTIMTIES OF THE PCC The primary object of all PCCS is the prornotion of the Gospel of our Lor(l Jesus Christ according to the doctrlnes and praGtlces of the Church of England. In particular and under the PCC (Powers) Measure 1956 the PCC is to Co-operate wilh the incumbent in promoting in the ecclesiastical parfsh the whole mlsslon of the Church. pastoral, evangelistic, social and ecumenical. It carries out ts objectives through the work of the Church of All Hallows Cheadle, carrying out gUlar seNices for publlc worshlp, as well as baptlsms, weddlngs and funerals and 8Clivities geared lo children and young persons and particular adult groups. Page4 of 17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESWSTICAL PAWSH OF CHEADLE ALL HALLO¥VS REPORT OF THE PCC TO THE MEMBERS OF ALL HALLOWS CHURCH FOR THE YEAR ENDED 31 DECEMBER 2024 4. REVIEWOF ACHIEVEMENTS AND PERFORMANCE CHURCH MEMBERSHIP As at 31st Dec. 2024 there were 101 parishioners on the church electoral roll (2023 - 100). CHURCH SERVICES The Parish Church of All Hallows nomially provides for the following services each Sunday: 10.00am. Morning Worship: an informal family friendly service of the Word which normally indudes activities for children. One a month this service includes Holy Communion 6.30pm. Evening worship A service of Holy Communlon is held monihly on Wednesday afternoons. All services include a semion and follow the principles of Anglican worship as sel out in the Book of Common Prayer and Common Worship. The main Se1ceS are also broadcast through the Intemet. Llve vla a Zoom meeting, and a reconjing is available through the Church's You Tube Channel. In addiiion, the church CaleS out baptisms, weddings. confimiations etc. Reports of the actlvttles of individual groups wiihin the parish are produced in a separate booklet and is available from the Parish office. HIGHLIGHTS FROM CHURCH ACTNITIES IN 2024 2024 was a difficult year full of many encouragements for All Hallows Church. A number of church members passed away. including our treaSUr who was still in posl. This naturally rneant a lot of sadness and upheaval for people in the church. Yet, this also meant that other people stepped into vaTiOUS roles and there were some good and helpful developments across the church. A few years earlier the PCC agreed that our 3 primary areas for outreach are: {1) children and farnilies; (2) those struggling financially. (3) the socially isolated. Our work with the monthEy Messy Toddle group and weekly Youth Club has grown, and conlinues lo grow into 2025. Our Christians Against Poverty Debt Centre has helped many people and families In financial difficulty, and we h8ve seen a number of people go debt tree in 2024. Our weekly Light Café continues io provide an invaluable seNice of not only bringing people iogether on a Wednesday, but also connecting lonety people with other and seeing friendships build and blossom. Our Sunday servlces, and our midweek Wednesday services, continue to be the most important part of our work and ministry. We are delighted Ihat some new people started to 8ttend those services in 2024 and have kept coming. We hope to see more of thai In 2025. Page 5 of 17
TrE PAROCHIAL CHURCH COUNCIL OF THE EccLESWSnCAL PARISH OF CHEADLE ALL HALLOWS REPORT OF THE PCC TO THE MEMBERS OF ALL HALLOWS CHURCH FOR THEYEAR ENDED 31 DECEMBER 2024 5. FINANCIAL REVIEW INCOME AND EXPENDITURE Increase in Voluntary income of £22.565. The majority of Ihis increase was a due to a grant from the lottery fund (£19,321), to cover the costs of the CAP manager for 2 years. However. underlying regular donations increased by 10%. along with some generous single donations. It should be hKJhlighted there was no Thanksgiving Day in 2024. The proportion of gift aid recovery has increased. There was also one-off additional recovery of gift aid from 2022 & 2023 which will not be repeated in fvture years (£9,500) There was a significant further increase in hall hire income to £22,000 - this expected to be slightly less in the coming year, due to a number of one-off events in 2024. Income details can be seen in Noie 2 lo the accounts. A major expense this year was the Installation of electric heating in the church and the lounge (£26.000), approximately 75% of this being funded from the Thanksgiving Day in 2023. Other costs are broadly the same as 2023 - with small increases due to inflation In malntenance & cleaning. Utility costs reduced sllghtly wllh a new supply contract. Mission givino was Increased to £13,000 - in line with the PCC objective of giving 10% of our Net unrestricted income. Excluding the one-off income and expenditure in 2024 there was a surplus for this year, for our unrestricted General Fund, of £4,130. This compares with a loss of £11,901 in 2023 General IncA)m¢ in 2024 . £123.958 (Excluding retrospective gift aid) Genera] Income in 2023 . £108,477 (Excluding Thanksgiving) General Expenditure in 2024 . £119.828 (Excluding New Heating) General Expenditure in 2023 . £120,378 Although the CAP projeGt has a small overall surplus in 2024 of £4,130, £10,000 of the grant from the lottery is restricted for use In 2025. Therefore, CAP expenditure in 2024 w8S SUPPOrted by approx. £6500 transferred from the social aclion fund. Wrth the current funding and expenditure - the social action fund is expected to be able to support CAP project until September 2026. CAP Incom¢ 2024 . £25.977 (£5.454 in 2023) CAP Expenditure in 2024 . £22,059 (£19.485 in 2023) RESERVES POLICY The PCC aims to hold reserrfes arnounting to at least 3 months expenditure. to ensure that commitments to pay staff and standing charges and to undertake essential repairs to the buildings can be defrayed. Free reserves at 31st December 2024 remain higher than this level following the receipt of the proceeds of Ihe sale of St Philips Church building in 2019. and the receipt of a legacy of £60.000 in 2020. This legacy was designaled to a Social Action fund to support Christians Against Poverty. At 31 st DeCernr 2024. the PCC had £24.700 remaining in Ihe Social Action Fund. In addition. £129.825 of the funds of the PCC are lied up in the property and equipment. leaving a balance of £107,415 (2023- £116.451) of free, undesignated funds at the year end. The PCC will continue to use the reserves in excess of the minimum level of three months regular expenditure to support ministry in the parish. A breakdown of funds is given in Note 9 to the accounts. Page 6 of 17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARBH OF CHEADLE ALL HALLOWS REPORT OF THE PCC TO THE MEMBERS OF ALL HALLOWS CHURCH FOR THE YEAR ENDED 31 DECEMBER 2024 6. PLANS FOR FUTURE PERIODS During the coming year the PCC intend to continue to exercise its ministry in the parish. maintaining and enhancing existing ministries. The PCC are also undertaking a review of the impact of changes in our socio-economic environment. with the objedive of developing a 1 l>year stralegic plan to cover the enhancement of our facilities and expansion and focus of our ministry acaivities. 7. INDEPENDENT EXAMINER A resolution to reappoint PGH Wells FCA as honorary Independent Exarniner to the PCC will be proposed at the Annual Genernl meeting. Approved by the PCC and slgned on Its behalf by Rev P Cumming Date 111ts3)3< Page 7 of 17
THE PAROCHIAL CHURCH COUNCIL OF THE EccLESIA8TICAL pARH OF CHEADLE ALL HALLOWS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrkted Funds Re6tricted Funds Total 2024 Total Note Incoming resources Voluntary income Income from investments 2a 90,169 11,937 31,352 26.561 365 116.730 12,302 31,507 94.165 10,606 24,177 2b Income from church activities 2c 155 Total incoming resources 133,458 27,081 160,539 128.948 Resources used Costs of generating voluntsry income Church activities 150,432 23,183 173,615 144.690 Govemance costs Total outgoing resources 150,432 23,183 173,615 144,690 Net {outgoing)lincoming resources Transfers between funds (16,974) (6,546) 3,898 (13,078) (15,742) 6,546 Net movement in funds (23,520) 284,361 10,444 (13,076) (15,742) 284,361 300,103 Balances brought foThvard at 1 January 2024 Balances carried forward at 310ecember 2024 260,841 10,444 271,285 284.361 Page 8 of 17
THE PAROCHWL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHEADLE ALL HALLOWS BALANCE SHEET AS AT 31 DECEMBER 2024 2024 Total 2023 Total Note Fixed Assets 129.825 134,652 Current Assets Deblors + Prepayments Short tenn deposits Cash at bank & in hand 8.832 55,358 80,765 9,000 88.708 52.301 144.955 150,009 Liabilities: Credilors - amounts falling due within one year (3,495) (300) Net Current Asset81{Liabilities) 141,460 149,709 Total Assets less liabilities 271,285 284,361 Funds Unrestricted Restricted 260,841 10,444 284.381 271.285 284,381 Approved by the PCC and signed on its behalf by: Rev P Cumming (Wicar) Mr G Holt (Churchwarden) Date: 20/) Page 9 of 17
TrE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHEADLE ALL HALLOWS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACGOUNTING POLICIES 1.1. Regulation and convention The financial Statements have been prepared in accordance with the Church Accounting Regulations together with applicable accounling standards and the current statement of Recommended Praciice, Accounling and Reporting by Chariiies and applicable accounting standard FRS 102. The financial statements have been prepared under the historical cost convention. 1.2. Church groups These accounts only recognise transactions, assets and liabilities for which the Parochial Church Council is responsible in law. This includes the activities of recognised church groups, but they do not include the accounts of church groups that owe their main allegiance lo any other body nor of those that are infornal gatherings of church members. 1.3. Funds Funds are classified as unrestricted or restricted. Unrestricted funds are all those funds of Ihe parish that ar8 not subjected to any restrictions gatding their use in connection with the general purposes of the PCC. Some unrestricted funds are designated for partlcular purposes by the PCC but remain as unrestricted funds for all accounting purposes. Restrlcted funds are those given for speclfjc purposes of the PCC or for specific external beneficiaries and remitted to them. 1.4. Incoming resources Incoming Resources are shown gross and when received by or on behalf of the Parish Councll. Covenanted income is recognised only when received. Grants and legacies are recognised when the Parish Council is legally notified of the entitlement and amount due. 1.5. Investment income Investment income is recognised in the funds to whlch li accrues as it becomes recelvable and may be recognised as unrestricted or restricted In accordance with the directions of the donor or the trust deed. 1.6. Tangible fixed assets Consecrated and benefice property in not included in Ihe accounts In accordance with s.10 {2) (a) and (c) of the Chartties Act 2011. Items of property and other tangible fixed assets that cost in excess of £1,000 are capitalised at cost or at a value attributed by the Council when originally capitalised and depreciated over their expected useful lives. Items that cost less Ihan £1,000 are written off as an expense when acquired. No infonnation is available forihe cost of the Curate's house, so it is included al a deemed cost being its estimated value when it was first included in the balance sheet. Depreciation is not provided on the b8SiS that li woukj be immaterial in the accounts. Page 10 of 17
TrE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHEADLE ALL HALLOWS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2. INCOMING RESOURCES Unrestrlcted Restrlded 2024 Total 2023 2a Voluntary income Gwing: Planned Giving Donations & special collections Other giving CAP Donations Income tax recovered Grants {s88 below) 52,244 6.384 5,522 52,244 7,333 5,522 3.870 23,817 23,944 48,780 26,573 3,476 5,458 9,508 370 3,870 23,331 2,688 21,258 90,169 26,561 116,730 94,165 2b Income from Inve•tments Bank interest receivable Property Lotting (Curatage) 3,837 8,100 385 4.202 8.100 2,506 8,100 11,937 12,302 10.806 2c Income from charltable actlvltle Fees {Weddings & Funera15J Room Hire Church Activrties & Events Catarlng (Llght Café, Youth Tuck...) Other 1.089 21,421 220 6,580 2,042 1,089 21.421 220 6,580 2,197 1,170 13,988 493 6,189 2,337 155 31,352 155 31,507 24,177 TOTAL INCOMING RESOURCES 133,458 27,081 160,539 128,948 Additional Notes relating to the Incoming Résources '. Th8 grouping of some sources of income was changed in the 2024 accounts. The comparatlve figures from 2023 figures have been adjusted to use $8me Categorlsatlon groups as 2024. Other giving includes: Collection Plate at Services, Online Iwebstte), Card machine In ¢hur¢h In¢ome tax recovered was exceptlonal In 2024 as rt Included retrospective claims for 2022 & 2023 to the value of £9456. Glft Aid attributable to anme received in 2024 £14,362 Breakdown of grants received ", Unrestrlcted Restrlcted ICAP) £ 1,000 £ 1.563 SMBC- Wam Spaces (Café Heating) SMBC - Ward Flexibilty (50% reimbursement of Disabled Toilet Refurbishmerrt) Manchester Forever (Café Event) National Lottery Community Fund (CAP Manager) SMBC Household Support (Christmas hampers) Sedulo (Christmas Hampers) £125 £ 19,321 £ 1,500 £435 £ 2,688 £ 21,256 Page11 of17
ThE PAROCHIAL CHURCH COUNCIL OF THE EcCLEssTr¢AL PARISH OF CHEADLE ALL HALLOWS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 3. CHARITABLE ACTIVITIES This includes activities directly undertaken by the Chufch together with grants and donations paid to other organisations. Unrestrlctod Restrlcted 2024 Total 2023 Parfsh Share 68,169 1.287 68,189 1287 2.854 13,546 64.922 4.627 2,720 11,304 Clergy expenses Vlcarage maintenanGe CAP (Manager + Admln) 13,548 n.310 13.646 86.866 83.673 Malntenance: Heat, Llght, Water Insurance Repalrs and Malrrt8nanco Cleanlng & Gardenlng New Church Heatlng 9,074 2,027 7,5S1 4.71Y2 9,074 2.027 7,$51 4,7(f2 25,T77 10,438 4,344 49,131 49,131 22,826 Sunday Mlnlslry: Children and Yothh Servke costs Depreclatlon of sound 8y8tem Mu8tc' 126 362 4,827 168 4.827 4,827 0.101 0.101 6,110 Other Ministries: MIs8ton Glvlng Church Acllvltle¥ ChrfÉtlans Against Poverty (CAP) Costs Calerlng Imalnly Café) MIS110n90u• 12,239 1,188 13,306 1,186 8.513 4.1 11,lJ)O 8,513 8,181 4.138 854 18,217 9,680 27.797 23,013 AdnnistratIOn Photocopylng Teleph)ne.Inlernet,IT M18cellaneous 1,988 658 1,224 2,513 1,124 3,067 1,167 3,763 57 3.820 6,704 other Curatage costs 1,910 1,910 2,6Sg TOTAL CHARITABLE ACTMTIES 15OA32 23.183 173.616 144.690 Addbtional Notes relating to the Outgoing Resources . The grouping of some sources of income was changed in the 2024 accounts. The comparattve figures from 2023 figures have been adjusted to use same categorisation groups as 2024. CCLI license for 2024 was accounted for in 2023, and hence is not included in 2024 costs Page 12 of 17
ThE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHEADLE ALL HALLOWS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 STAFF COSTS 2024 2023 Wages and Salaries (including admin support) Employers Natronal Insurance Employerfs Pension Costs 13.099 10.194 327 245 Total 13.426 10,439 One rnernber of staff was employed during the year (2023 - one). In addition, there is adrninislrative support, which is nol liable for pension or national insurance cosls. The Vicar is pald by Chester Diocesan Board of Finance for their sericeS rendered to the parish at standard dergy pay scales. Such remuneration is funded indirectly by the PCC through the Parish share. S. MIssioNARY AND CHARrrABLE GNthiG 2024 2023 Manga Project Christians in Schools Trust 1.800 1.200 1.500 1.500 1,000 1,000 800 1.800 1,200 1,200 1,200 600 Bible Encounter Trust The Message Trust Tear Fund Barnabus Trust Kintsugi Hope Chlldren's Soclety Ladybridge School {Support for free meals) Kairos Video Trust (support for Gilly & Nick Hall) st Martin's Heaton (Buildlng Fund) Press Red 500 906 300 1,500 1.000 1,000 550 850 500 Kairos Video Trust (for Turkish Earthquake reliefj Good Shepherd Church, Gabon (for building project) A Rocha 700 900 300 100 Bible Society 13.306 11.000 Page13of17
TrE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHEADLE ALL HALLOWS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2024 6. FIXED ASSETS FOR USE BY THE PCC Freehold land & buildings Equipment and fumitur• Total Cost as at 1st January 2024 Additions 125,000 24.133 149,133 Cost as at 31ST December 2024 125,000 24,133 149.133 Depreciation as at 1 St January 2024 Charge for yéar 14.481 4,827 14,481 4,827 Depreciation as at 31st December 2024 19,308 19.308 Net book value as at 31st December 2024 125,000 4,825 129.825 Net book value as at 31rt December 2023 125,000 9,852 134,652 Depreciation rate 20% Straight Ilne ba51S The gross book value of land and buiklings represents the value estimated by Ihe committee of the Curatage when it was first capitallsed. No other fed assets held by the parish were considered to have any significant r8sidual value at the balance sheet date. The estimated current market value of the Curatage is £240,000 7. DEBTORS 2024 2023 Income ta% recoverable: General Fund Income tax recoverable". Restricted Funds Grant for Disabled Toilet Refurbishment other Debtorfs (Hall rental, interest) Prepayments (CCLI License 2025, curatage insurance, copier lease) 3,324 203 1.563 2,253 1,489 9,000 8,832 9,000 The PCC have received notification of an unrestricted legacy to the value of approximately £15.000. This will be included in the accounts when the amount is known wtih greater certainty (Expected in 2025). Page 14 of 17
THE PAROCHIAL CHURGH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHEADLE ALL HALLOWS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 LBILITIES. AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Creditors Missionary giving paid after year end Accruals for utilities, and other costs 1.956 1,539 300 3,495 300 FUND BALANCES As al 1st Incoming Jan 2024 Resourc8S Outgoing R8source Transfer As at 315t Dec 2024 Re8trlcted Funds CAP Specific OonationslProje¢ts 26,014 1,067 122,116) 11,0871 6,546 10,444 Totsl Restricted Funds 27,081 (23,1831 8,545 10,444 Unrestrlcted Fund8 Designated- book value of property and equipment Designated - Social Action General Funds 134,652 (4,827) 129.825 30,146 119,563 (6,546) 23.600 107,415 133,458 (145,805) Total Unrestricted Funds 284,361 133,458 {150,4321 (6,546) 260,841 TOTAL FUNDS 284,361 160.53g (173,8161 271,286 Purpose of major funds.. The restricted funds have been created to manage Grants & Gift5 made for a specific purpose, or for donations in response to a specific appeal. Designated funds represent unrestricted funds the PCC has chosen to designate for a putpose, or funds that have been applied for the purchase of fixed assets and are therefore unable to be used by the PCC for other purposes. The CAP fund is to support the work of the Stockport Debt Centre. (Christians Against Poverty) The Social Action Fund was established. to support work in our communtiy. from a Legacy of £60,000 received in 2020. Since then, the fund has received further giving but has also been applied to some activtties. The expected use of the fund in the future is to continue to support the CAP debt centre. The property fund represents the proportion of funds represented by the Curatage and olher equipment held by the PCC. Page 15 of 17
THE PAROCHIAL CHURCH COUNCIL OF THE EccLESWSnCAL PAsH OF CHEADLE ALL HALLOWS NOTES TO THE FINAhlCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. FUNDS Analysis of net assets by fund as at 31 December Unreslricted Restricted 2024 Total 2023 Fixed Assets Net Current Assets 129,825 131,016 129,825 141,460 134,652 149,709 10,444 Total Assets 260,841 10,444 271,285 284,361 1 I. CONTINGENT LIABILITIES AND COMMITMENTS Capital Commitments The last quinquennial Inspection was carried out during 2020 and reported to the PCC in 2022. No significant works on the Church building We identified as a result of the inspection. The ne inspection is due late in 2025. There are no other planned capital commitments, or contingent liabilities. 12. REMUNERATIQN OF PCC MEM8ERS No members of the PCC recelved any remuneration for services rendered as members of the PCC. No expenses We reimbursed to PCC members durino the year. Some members of the PCC that had purchased goods or ser¥ices forthe use of the Church, as agents of the church were reimbursed for those costs. Mr Paul Miles (Green Miles Gardening Services) - provided paid for cleaning and gardening seThices during the year. Mr Mark Hewmt - provided pald for buildlng servlces - the provision of disabled access ramp. The Vicar, and any stlpendlary curate In post are pakl by Chester Diocesan Board of Finance for their services rendered 10 the parlsh at standard clergy pay scales. 13. RELATED PARTY TRANSACTION8. As ported under Missionary Giving, a total of £1,500 is to be paid to Kairos Video Trust- Mrs Gilly Ha51 is a Trustee of this Trust. Mts R Cumming, the wrfe of the Vicar corrtinued to be employed as the CAP (Christians Against Poverty) manager during the year. (She was appointed in 2023). The Rev Paul Cumming was not involved appointment Process. Her renumeration is included in note 4 - it is benchmarked as comparable with other CAP Debt Centre Managers. Page 18 of 17
THE PAROCHIAL CHURCH COUNCIL OF THE EGGLESIASTICAL PARISH OF CHEADLE ALL HALLOWS Independent Examiner's Report to the Members of the Parochial Church Council (PCC) of the Ecclesiastical Parish of Cheadle All Hallows I report to the trustees on my examination of accounts of the Parochial Church Council (PCC) of the Ecdesiastical Parish of Cheadle All Hallows for the year ended 31 December 2024. which are set out on pages 8 to 18 Responsibilities and Basis of Report As members of the PCC you are trustees of the charity and are responsible for the preparation of the accounts In accordance wllh the Charities Acl 2011 (Ihe Act?. I report in respect of my examination of the PCC'S accounls Caled out under section 145 of the 2011 Act and in canying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of Ihe Act. Independent Examiner's Statement I have completed my examination. I confinn that no material matters have come to my attention in connectlon with the examination giving me cause to belleve In any malerfal respect: accounting records were not kept In respect of the PCC as required by section 130 of the Act; or 2. the accounts do not accord wtth those records, or 3. the accounts do not comply with the applicable requirements conceming the fo and content of accounts set out in the CharÈties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair view which is not a matter considered as part of an independent examination I have no concerns and have come across no other Matte In connectlon wlth the examlnation to which attention should be drawn In thls report in order to enable a proper understanding of the accounts to be reached. D IHLQ£ P.G.H. Wells FCA 6 Hulme H811 Avenue Cheadle Hulrne Cheadle Cheshlre SK8 6LN 20"m Page 17 of 17