REGISTERED CHARITY NUMBER.. 1181356 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMEiYrs FOR THE YEAR KNDED 31 DECEMBER 2(123 FOR THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STAINDISH
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISB CONTENfs OF THE FINANCIAL STATEMENTS for the Year Ettded 31 December 2023 Pa8e Report of the Tte Indfpendeni ExmiD¢r's Report Sttemtllt of FlnaDciai ArtKwitse5 Statement •f FlnAllcil Position 10 to 11 Notes to the Fillmel•l Statements 12 to 24 Detailed S¢atsth¢ttt of Flunri Activilies 25 10 26
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH REPORT OF THE TRUSTEES for the Year Ended 31 Deeembtr 21123 The trustees present their Tewrt with the financial statements of the charity for the year ended 31 December 2023. The trutts have adopted the provision5 of Accounting and Reponing by Charities: Statement of Recommended Practice applicabl¢ io charities pr¢paTing their accounts in accordance with thc Fingncial Reporting Sidard applicable in the UK artd Republic of Ir¢land IFRS 102) (effective l January 2019). OBJECTIVES AND ACTivrriLs Alms and objective5 St Wilfrid's Parochiaj Church Council (PCC) has the Te5wTrnsibility of cfroperating wtth the incumbent. Reverend Cat)on Andrew Holliday. in promoting within the excles11ca] parish. the whole mission of the Church, pastoral. Social and eeumenical. The PCC is a150 specifically responsible for the maintenance responsibiliti&S of the Church complex and it's grounds and the Parish hall of St Wilfrid& Siandish. Commltiees: The PCC operates through 5everdl Committ which meet between full meetings of ¢h¢ PCC: Stattding Cotnmittee: This IS the oltly committee rwuiTed by law. 11 h&$ Wer w transact the of the PCC between its me¢tings. subjeci to any directions givetl by the Council. So¢il Committee Thi5 committee exists to prornote fund-raising in th¢ Parish. enabling it do&$ the social side to our mission and ministy. The number of events has InCsed throughout the ye4r8nd rnuch appreciated by a]1 attending. sAfeg2rdSg Report 2023 National L£8islation and Govrnent guidelines wuire th all those working or volunteering with children. young people and vulnetxble adult5 should comply with Safeguarding Policics and Prdctice which ar¢ written 10 ensure an organisation complies with its legal at)d mora] obligatiorÉs. St Wilfrid'* PCC ha5 adopted the Blackburn policy. which was developed by the House of Bishops for a]1 Chur¢h of England Parishe5. We are required a Parish to complete a Safeguarding AudiL which shows ar of good practice already in place and aTe&s of on80in8 planning and implementatiow this h&$ been done. Any 8TQUP using our ¢hurch premiw. whrther a ¢hur¢h group or noL musi comply with our liCY. Church organisations with a group sponsored by St Wilfrid'& such as the Church Lads and Girls Bri8adc. rnu have their own Polt¢y in pla¢e. Non-church organisations, and groups which hire our Parish Hall. musi atso have their own Policies in place and arc provided with a copy of our Policy, in which this is clearly state¢L and they must sign to aektxjwledge receipt of this. For our church groups we now have 5y5t¢ms in place to be able to identify. recruit. trdin and monitor a]1 those workingl voluntttring with childr¢N young people. and vulnerable adulL% to keep our Church Community safe from hann. Working towards this has involved.. apw)inting a Safeguarding Committee and a Safeguarding oificer: making Disclosure and Barring checks on all Worker volunteer4 arran8in8 training in safeguardiTr8: introducing volunteer agre¢m¢ots; and writing risk assessments for all al¥Ll1&S. Healthy Churches Transforniing Communiti¢s. IDiocesan Vision 2026) Reminder to all: The Safeguarding policy is available in the church porch or on the TKJlice board in the Parish Hall. With it are fonns to reeord any concerns you may have over a child or adult an¢L if so. who to ¢ontacL We TK)w have in the Parish a dedicated e-mail and mobile t¢lephon¢ details are published on the weekly noticeshcet. 'Sxfegllardlng Is everyone's bsIn'.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH REPORT OF THE TRUSTEES for the Yer Ended 31 De¢¢mb¢r 2023 Report of the Trustee5 (Con¢'d.-) Church AtteDdnee There are 316 parishioncrs OD the revised Church Electyral lioll. The annual 0¢ber Parish Siau4i¢al Return to the Dioc¢% b¢en carried out. Our principa] services for E&stcr and Chri5tsna5 and other special occasions in the year were recorded. The data collected shows sadly. a small decrease in Chur¢h all¢ndance. I record my sincere thank5 lo a group of parishioners who have enabled us io live-strtam from Church. Fresh Expr¢s$lons of Church We have coniinued to r¢a¢h out to our younger familics with our service SaMrday@ 4, on the first Saturday of each Tnonth. Th¢ Y1¢ of worship is much more relaxed. infornjal by naiiire. We hope that we th1 continue tts reach out io young people ar the'misslng g¢nerations' ctsh. We constantly review the style. the mawials enabling us to be proaetive in our tnissioTL and minisiry. Review ofthe Yer 2023 The PCC h&8 met. in person. 8 times during this year. The average aLt¢ndance at meetings has been g¢)od. Considering the demands made on us all. Severdl committees have met between meetings of the PCC and reports from thetn have been discussed by the PCC. Durin8 the last year, the PCC has dixu&sed and attended to s¢veraJ are4 atnon8 them: - We are registered a5 tnembers of the PCC members as TeeS with Charitable status with the Charity Commission. appropriately details have been updated throughoui the year. The PCC ¢ontinu¢s io have oversighi of the John Athcrton Legacy (now.. Jolu) Ath¢rton Trust): work continues io monitor the investment portfolio. The Trustees of the now Atherton Charitable Trust are.. Mr. Philip Bachmayer clo ViD¢enL & Co Solicltors. Mr. Peter Donnelly. Mr David Johnson, and the Rixior. Workin8 alongside OUT Financial Advisors the inVeMenT portfolio h&5 continued to make gains in its investment The Churchwardens and Incumbent who had become ¢x¢cuiors of the Spencer Estate have continued to manage the monies from the Estate 10 the beneflt of the work of the Parish Church. - The PCC, through the named Trust continu&s io care for the GTarnrnar School Trust. We continue io Work with M & G Investments who hold the finan¢ial portfolio. Followng our negotiation with M & G ]nvestEnent& the Trustees now have full oversight of the financial portfolio with quarterly reports and updaie& As a PCC we established a S¢ewardship Committee for a full r¢view and irnplernentatiOD of recommendatitsns mad¢ by the ¢tsmmitt¢e. This led to a full renew PFogramme in Sepmber 2023. - The PCC appoiDi¢d a¢ the k¥inning of ihe year an alditional mcmber of aff for the Parish OffirK to Gov¢r 4 maternity ¢ov¢r, the new member of staff started in January 2023 - Day to day items of contsnuing care of the ch th¢ slatutory &y)ects and the general day to day maint¢nance which have included= - The PCC have ¢oniinu¢d to work through iiems rJised by our last Quinquemiial Report 2019 Routine servicing and tIng of th¢ IM>ilcr& file extinguish¢r& intruder aiam. ¢Ik aThJ ponable appliances were carried out. - Leaves and mo&s were clearted from the roof and drainage gullrys cleanuL - Variou5 block down spouts and drnins were cleard. - Graveones have b¢en checked and those an imrnediate danger laid flaL others have been identified for future attention. - An area of footpath in the Churchyard was -SUrfa¢¢d. - The Chur¢hwardens have carried oui their updat¢ of the Terrier and Invaltory. - The Logbook is up io dale with works on the Church and in the ChUhYard - Updated our register of keyhold¢rs. - Our Fire OffEcer has carried oui their nUal inspKtiot4 records are kept in the Parish Offhcc. Our Policy was l&st updated in May 2022. Page 2
THE PAROCUIAL CHURCH COiJNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISB REPORT OF THE TRUSTEES for the Yur Ellded 31 Deeember 2011 Report olthe Trn$leeJ {Cont'd_.) - Reviewed our f¢¢ stN¢iUTe for W&ding$ and Funeral (this is an annual review) - a tabl¢ of the fees is available in the Parish Office. - We reviewed our Communion A%sistants and ert¢OUTaged some new people to be part of the Tearn. - The PCC continue to use Trim & Proper to care for the Churchyard. - David Wcll$ Organ Builders Continue care for the Oan. tut)Ing Lt at regular tirnes throughout the y&gr. Churches Together in Standish has continued to meeL the Week of Prdyer for Chrirtian Unity was marked here at Standish Methodist Church and w¢ll supported by ail member Churches. We once again supported thc events of Churches Together in Standish. e5pecia]ly the can collection. at Chrisxmas for the Brick ProjecL events around Advent and Lent. A substatttial project for the PCC. and the whole Church Community. was the launch of the Save Stsndish Spire Appeal. Through the cons&derable work of a newly fonneAI committee, made up of PCC members and members of the wider ¢ommunity, the Group ha5 worked tirele&sly throughout this last year enabling many evenls to take plaee. In Tesponse to various fonns of literaiure the wider ¢ommunity has been very generous in their reskN)nse and 5UPPOrt of the Appeal. The work of the committee will continue into 2024 as wc sttk to look for external fimding to help with th¢ pn)j¢ct. to that end a consllltant was appointed to help with the 8ppli¢ations. Alongside the other day to day activities this has been another IMW year for the Coun¢il and my thanks are expressed for Iheir time and energies for the benefit of St Wilfrid'& The Parochial chUh Council wrnrnend the aCCouts for the ycar ending 31st December 2023, and its budget for th¢ coming year. We are requested. &s Charity IAW stste& to ststr that no member of the PCC received payment for eanying out their duties in this last financial year. I commend this Annll Report to the Parish of St Wilfr1d Standish. ACHIEVEMENT AND PERFORMANCE InvestJMent performanee The PCC h&q a medium ierm invesThient with M&G Investments Limited in a speciall fund for charities. The value of the investtnent has decreasd fr0Th £297.6511 to £2).664 in the year. a d#rease of £6.994 12022 - £17,557 decrease). This rePrents an unrea]i*J loss and a 2D/. decrease in the fuThd value. Dividends have been de¢lar¢d in the year of £17.3 18 (2022- £16.812). representing a small itterease in return of 5.9% (2022 - 5.60/0) and thercfor¢ contributing to gcnerdl fund
THE PAROCHIAL CHURCH COU.NCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STAI¥DISH REPORT OF THE TRUSTEES for the Year Ended 31 Deeembtr 2023 FINANCIAL REVIEW FiDaDeial posltffioD Income for the year is reported at £305,409 (2022- £234.456). representing an incre&e of 30Y•. Howevu, there are mitigating faciors behind this increase. In the year the PCC has received a legacy for £19.990 and has received a donation of £50,IMM) from the Trust furf teprcsenting the release of ha]f the capital from the Greaves lega¢y investment. Ignoring these two factor incorne is £235.419. whith is sirnilar lo 2022 and doesnl present a lo&$ of 'nonnai' in¢ome foT 2023. This is due io Incre& in planned givin& xKiaE events and other items slwwing &na]I variations in the year. Expenditure on charitable activities has increased to £302J9512022- £290.835). The increw refiecis the rises in utilities, which have gone from £24.982 to £42J05 in the year. Other rises are not part of ihe nornial chureh cor¢ a¢iivaiies and are reprcsentcd by donations to the Ttust of £8304, increaf costs of rcpair regarding the Parish hall ceiling and wages which represent a full yegr. Overall in 2023 th¢ PCC has re¢orded a Sm1 d¢fi¢tt of £3,980. main elemetts bEing £5.672 unrestricted surplus Endowmeni surplus of £9 and £9,661 restricied deficii. So a marked undertying Stalic ycar. However. it must be IM>rnC in Tnind that withou¢ th¢ donations and legacy in income. the PCC would have recordoj a £66k deficiL STRUCTURE, GOVERNANCE AND MANAGEMENr Governing document The PCC is a corporate b(4Jy estsb]ish by the Chwch of England. The PCC operat&% under the Parochial Church Council Powers Measure. It is rcgistercd with the Charities Commi&sion as a Charity. in accordance with the Charities Act 2011. Charity eODstithtioD The PCC constitution includes the embodiment of a Standing and Finance Committe< whose reswjnsibilities are lo exercise any necessary PCC business between medings. The Standing and Finance Committee'$ coyistituted Tnembership is the Rev'd Canon. Churchwarden& Tre&surer. Secretary plus other representstive of the PCC. The tenns of all PCC sub-committc¢s are revicwcd (as necessary), agreat and their membership is apwjinted by election at th¢ fjrst meing of th¢ PCC following th¢ Annual M¢din8. RecrultDJent and *ppothimelli of Dew triiste¢s PCC appointtneTLts are made by election at the APCM. The pr£ of ap)InleI Is sd Out by the Church Representation Rules. The PCC metnbers hold responsibilitie5 includkng health and safety. discrirnination legislation. child protection and other legal obligations. Members are introducd to their responsibilities at the flrst meeting of the PCC following the Annual Meeting and all eurrent procedures in place are reviewed and rdtified for a further year. Related pArties Th¢ PCC has one r¢lat&l Charity, Si Wilfrid's Church Trus1 (Charity number.. 10404721. The aim of which is ¢0 preserve, maintain and improve the Church of St Wilftid's Standish. the buildin& the churchyard and fixtures and fittings.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH REPORT OF THE TRUSTEES for th¢ Year Ended 31 Dettmber 20ZI STRUCTURE. GOVERNANCE AND MANAGEMENr Rlsk maD8gement The PCC re¢ognise5 Lt's responsibility for managing risk and ensuring best p1acii¢¢ and confomiity lo Iw] obligations in ail ar¢as of church lif4 including,. physical risks to the htalth and safety of volunteers and USCT5. financial risk5 through ¢ommercial activity and investment, the dilapidation of building& peTsonnel i&wes including lo&$ of people with k¢y skills and tb¢ safeguarding of children and other 1erable people. These issues are always considered &$ part of the decision-making process a¢cording io ih¢ir relcYanK and measuT¢S taken to mitiwdte risks throu8h monitoring. training and regular review. The PCC has specifi¢ policies relating to these areas that arc reviewed annually. Sfegurding A Safeguarding poli¢y has beeTL adopted. and a safeguarding otTiccr appointrf in acconlance with dioc¢san guidelines. The poliey coyers children and vulnerdble adults. It L5 miewed at lea# annually HeAlth #nd Safety The PCC ensures that relevani health safety law is thred to in all church buildings and by 211 chureh organisations. The Rew'd Canon, Church Wardens and archite£l rneet wlarly to develop and monitor facilities and op¢rating PTacti¢¢5 within them. REFERENCE AND ADMINISTRATIVE DETAILS Registered Cbarlty number 1) 81356 PrlntlPAI addre98 Parish Hall Standi5h Wigan WN6 OXF
THE PAROCHIAL CHL'RCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH REPORT OF THE TRUSTEES for th¢ Ethded 31 December 2(123 Trust¢¢s Recior.. Rev Canon Andrew Holliday Asst Pp7uI.. The Rev'd Cath Gabri¢l L$¢en5edY Minister.- Dr Sheila Fisher WordeNJ." Mrs Kathryn Ashton Mr Andr¢w Salisbury RÉpreseni&ftw IA thff Deanerysynod.. Mr Andr¢w Stok¢9 Elecied members.. Mrs Janei Dickinso Mr John Riley MrNeil Heye$ Mrs Eve Mattlartd PCC Seerdary Mrs Elaine Parker Mr David Johnson Mr Brian McGuirk Mr Jeffr¢y Gray Mrs Eli2abrfh Dear Mr Peter Donn¢lly Mr David Hartley (appointoj 11112023) Co-opied mEmbers.- Mr Stuart Colothan (Headteacher of St Wilfrid5 Church of England Primary) TrewurÉr io ihePorocAiol Chur¢h Council- Mrs Iaura Hulme All trustces are tnembers of the PCC. thcy are nominate(L KodCd (or election to the Council w ijur APCM. Members are either ¢x-otTi¢io or ¢l¢¢t¢d by the Annual Parhlai Church Me•ing (APCM) in a¢cordance with Church Rcpresentation Rules. IndependeDt Euminer J C Leech Chanered Accounthnt 4 Shevington Moor Standi5h Wigan Lancashir¢ WN6 OSA Ballkers Royal Bank of Scotland plc TSB plc Market Strttt 13 Crompton Street Wigan Wigan WNI IQS WNI IQS Pag¢ 6
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH REPORT OF THE TRUSTEES for the YeAr Ended 31 December 2112J Approved by ord¢r of the b)ard of the¢s on ........... ................. . ........... ed on its behalf by.. Rcv anon Andr¢w Holliday - TTU
INDEPENDEr EXAMIliER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH CoNcIL0F THE ECCLESIASTICAL PARISH OF ST WILFRID'S STAliDISH Independent examiner'$ report to the trust¢¢s of The Proehil Chureh of the Ec¢l¢sistltai PArlsh of st WUfrid'5 St8ndi$h I report to the charity trusttts on my examination of the xcounts of The Parochial Church Council of the Ecclestastical Parish of St Wilfrid's Standish (th¢ Tn) for the year end 31 December 2023. Responsibilities ttd basis of rtport As the charity trustees of the Trust you are responsible for the preparation of th¢ accounts in a¢cordance with th¢ requirements of the Charities Act 2011 (Ihe Act). I repon in rwect of my ¢xamination of the Trusvs attounts carried out under Section 145 of the Act a1 in carying out my examination I have followed all appli¢able Direction5 given by the Charity Commission nder Section 145(5Nb) of the Act. Independent exAmlt)er's Statement Since ygllr charity's gr(bss incom¢ exceeded £250.(KKI your examiner must be a Tnember of a l)ed body. I can ¢onfimJ that I am qualified to undertake the examination because l am a of the Awciaiion of Chaner&l Certified Accollnwit whi¢h is one of the listed b(Kli¢s. I have completed my examination. I confim] t)0 mtsia] matters hav¢ me to rny attention in conncction with the examination giving rne cause to b¢lieve that in any rnateriai rewi: accounting records were not kept in reSpt of the Trust requir&1 by Sedion 130 of the A¢t' or the accounis do not ¢0[d with those records. or th¢ accounts. do not comply with th¢ applicable requlremetlts concerning the forni and eontent of UnIS set out in the Charities (Accounts and RqM)rts) RegUllOnS 2(K)3 other than any requirem¢nt the accounts giv¢ a trne and fair view which is not a mailer considered as part of an independ¢nL examinatkon. I h2Ye no concerns and have come across no other matters in conneaion with the examtnation to which attentkon should be drdwn in this report in order to enable a prop¢r llnderstsnding of the accounts to be r¢a¢hoJ. J C Leech Chartered Accountant (FCCA) Dale= ... Page S
THE PAROCHIAL CHL'RCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STLNDISH STATEMENf OF FINANCIAL ACTIVITIES for th¢ Year Ended 31 December 2011 2023 Total funds 2022 Total funds Unrestricted fun¢ts Rutricted Endowment nds nd INCOME AND ENDOWMENTS FROM Donations and legacie5 178.020 3223 181,243 112.541 Charltable attivities Charitabl¢ a¢tivities 103202 103202 102285 Other trading activities Investment incom 2.135 2.135 18.829 2,474 Total 302.177 305,4109 234 456 EXPF.NDITURE ON Charitable acti¢$ Charitable activitie5 250.289 12.884 263.173 238,745 Other 39.222 39,222 TotAI 289511 302 395 Net gainsl(loss¢s) on inv¢stments 6.994) r4ET IP4COMEI{EXPENDITURE) Transfers between funds 5.672 (9,661) 5.202) (3.980) (74.036) 15 Net movement In 10.874 (14.863) {3.980) (74,036) RECONCILIATION OF FUNDS Totsl funds brought forward 788.282 53,918 2,477 844.677 918.713 TOTAL FUNDS CARRIED FORWARD 799.156 39.055 840.697 844,677 The notes forni part of thue finan¢ial aternents Page 9
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST WILFRID'S STAIYDISH STATEMEIYT OF FINANCIAL POSITION 31 Decembtr 2023 2023 Total funds 2022 Total funds Unrestrided funds Restri¢ied funds Endowm¢ni fund Notts FIXED A&SETS Tangible asset5 InveMents 426.143 290.859 426,143 416,490 297 853 12 717.2 717.2 714,343 CURRENT ASSETS Debtors Cash at bank and in hand 13 11.123 11.123 118.217 6,217 130 352 39,055 87.799 39.055 2,486 129,340 136.569 CREDITORS Amounts falling due within one 14 {5,645) (5.645) (6,235) NET CURREiYf ASSETS 82.154 39.055 123.695 130334 TOTAL ASSETS LESS CURRENT LIABILITIES 799.156 39.055 2.486 840,697 844,677 NET ASSETS 799.156 2.486 840.697 The notrs forni part of thtse financial 5taterncnts Page 10 continued...
THE PAROCIIIAL CHURCH COUNCIL OF ThE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH STATEMENf OF FINANCIAL POSITION- conthiu¢d 31 Dettmb¢r 2023 FUNDS Unrestricted funds.. General fund R¢strictcd funds.. Flower fund Choir and music fund Young people fut)d Arts festiva] Churchyard 15 799.156 788.282 3J94 1,976 3.242 2.339 4.851 1,675 9.650 Endowtnent funds.. Endowment funds TOTAL FUNDS 840.697 The financial statements were approved by th¢ Board of Trustees and authorised for issue on .................... and were Signed on its beha]f by: Mrs Kathryn Ashton- Tru51ee Mrs Elaine Park¢r- Trustee The notes fonn part of these financial statements Pag¢ll
THE PAROCHIAL CHL'RCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH NOTES TO THE FINAliCIAL STATEMENTS for the Yer EDdod 31 Deeember 21123 ACCOUNTING POLICIFS BASIS Df preprlDg th¢ finaDcial 5tiem¢Dts The finan¢iai statements of ihe Charity. which is a public Inefit entity under FRS 102. have been prepar¢d in a¢cordance with the Charities SORP IFRS 102) 'Accounting and RertIng by Charities.. Statement of Recommended Piactice applicable to chariiies preparing their ac¢ounis in accordance with the Finan¢ial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 1021 (effcctkvc l January 2019).. Financial Reporting SiaTLdard 102 The Financial Reporting Standard appltcable in Lhc UK and Republi¢ of Sreland, and the Charities A¢1 2011. The financial stateTn¢nts have been preparal under the historicaj ¢OSL convention. with the exception of investments which ar¢ included at market value. as mthJifi¢d by the revaluation of cenain assets. Ineothe All in¢om¢ is recognised in th¢ Statement of FinaD¢hal Activities once th¢ ¢harity ha5 entit]ement io th¢ funds, it is probable that the in¢om¢ will be received and the amount ¢an be measured reliably. Expendltyre Liabilities are rttognised expenditure soon as there is a legal or constructive oblig10 wmmitting the charity to Ihai expenditure. it 15 probable that a transfer of economic benefits. will be requir in settlement and the amount of the obliEaiion can be measured reliably. Expenditure Is a¢counted for on an ac¢ruaJs basis and has been classifi¢d under headings thai aggregate all cost relatcd to th¢ eBOry. Where Costs ¢annoi be directly attributed to particular headings th¢y have been all0¢ed ¢0 actiYttic5 on a basis consistent with the use of resourvs. Tble fiyed •ssets Depreciaiion i5 provided at the followin8 annual rates in ord¢r to write off each assd over LIS es1imated useful life. Fixtur and fitting5 Computer equipmenl 25% on Cost 50% on cost The charity is exemw fmm tsx on charitsbl¢ ¥livili Fund #c¢oulltlng Unrestricted fuTLds Can be uxd in accordance with th¢ charitable objectives at the th"s¢rdion of the trustee Restricted funds can only be used for particular rericted purposes within the objects of the charity. Restrictions arise when specified by ihe donor or when funds are rai%d for particular restricted pu. Further explanauon of the nature and puTp)st of fid is included in th¢ noies to the financial statements. Investments Inve5ttnents are ued at cost Ic&s any impairnient at 31 December. bui only down io the protected c4)ital invested. Any gairLS atrrfjve thi5 threshold is thken to the Stment of Financial A¢tiviti¢s on an unrealised basis. PeDsion costs nd other post-retirtmeni benefits The charity operdtes a defined ¢ontribution pension scheme. Contribution5 payable to the charity's pension %hemc are charged to the Statcment of Financial Activities in the wiod to which they relate. CoDsecrted Ind beDeficed prnperty Conseerdted and benefi¢e property is excluded from the accounts by s.10 {21 of th¢ Charities Act 2011. No value is placed on moYeabl¢ church fumishings held by the chuwh Warde oll special tru for the PCC and which require faculty for disposal, since the PCC Considered this to be ina]ienabl¢ property. Page 12 con(inued...
THE PAROCHIAL CLCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH NOTES TO THE FINANCIAL STATEMENTS- tontknlled for tht Ye&r Eded 31 Deeembtr 21111 AccouNfiNG POLICIES- eon¢lThwed Conse£rted #Dd beDefi¢ed prt)perty All expenditure incurred during the year on consecratd or lTh¢fi¢£d buildings and mov¢able chUh fvrnishings. whrfher it be maintenance or improvemcnL is written off in the Statement of FinwJ¢ial Actiwties. except those clearly Identifb]e assets regarding the Parish Hall. DONATIONS AND LEGACILS Totl Dds Total nds nds 2023 2022 Tax efficient ¥iviDg: Planned giving Collections Incorne tsx recoverable via Gift Aid 49.917 20.452 49.917 20,452 48.122 20.587 14.875 14.875 15.288 tix effiei¢nt regvl*r 8lviDg: PlaEJned giving 6.039 6,039 4.024 Otber dfjn•tloM: Special collections Church expenses Other donations Legacies Flower fund Choir and muMc fund Churchyard fund donations Other Ineomt: Warn) spa¢¢ grani Ground rents 400 1.625 12.083 590 2.053 1.427 6,301 62.049 19.990 62.049 19.990 2,363 860 3.193 1363 860 3,193 41 181 Page 13 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARtSH OF ST WILFIUD'S STANDISH NOTES TO THE FINANCIAL STATEMENTS- COntu¢d for tbe Yer Ended JI Dtcember 2023 OTHER TRADING ACTIVITIES 2023 2022 Fundraising activiiies 2.474 INVESTMENT INCOME 2023 2022 Deposit account interesl INCOME FROM CHARITABLE ACTIvrriES Ch#rltble *rtivitses Total fid8 TotAI funds Unrestricted Restrlcted funds 2023 2022 Fe¢5- weddings and fi]nerdls Fees- banns and eertificates Fees- crema¢orium Merehondis¢, copying Parish ha]l- re use of hall Parish hall other donations Socia] ev¢n¢s 54320 54J20 56.367 153 1420 153 2.420 288 2,272 240 30,041 27.945 27,945 2.086 16.138 2,086 16,138 1,175 103 103.202 102.285 Page 14 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WXLFRID'S STANDISH NOTES TO THE FINAI¥CIAL STATEMENTS- e•ntinued for tb¢ Yur Ended 31 Dtttmber 2023 CHARITABLE ACTIVITIES COSTS Charltlble activiteJ fo Tof•l fullils Total funds £20 £2022 Cwts of generatlbg fvttds: Parish Hall ex5 maganta)stS Spgcial colltionS SociRI committc¢ VKF¢ll8 14.967 2.166 1.321 14.967 2.166 13,078 2,309 .363 3,(41 3.456 21.910 21.910 19.791 All mi55lOD Elvlng aThl clwlt•blp grants: Young tKoples fuThJ Charitable giving 203 2.081 203 ChArlt8blt aetlvltltt: Diocesan parish shar¢ Director of rnu5ic aThJor8znists fee5 subnl0$ Wethling and fvnetal o)#s Mainietwi¢e and r4Mircosts Insuranc¢s S¢rvic¢ ii¢ms F]ower fu]Mi W$¢5 Education Choir and music fiJTrJ co Mortument5 111.016 7.786 1.877 14.ts11 11759 I034 I 16,128 6.555 l.W7 11.820 4.346 8,814 704 7.786 1.877 14,011 11759 10.034 1,302 4.189 4.189 82 823 2.869 20.441 17,216 10.808 5.891 1.760 6.523 3.735 3.735 1.687 20,273 1.687 20273 Gmund and fabTi¢ Utilities- gas Utiliti&%- electricity Utiliti<%- watrr Utilitics- ne 23340 9.511 lJ33 7.921 1.333 7.921 3218 226298 t2J84 239,182 218.751 TOTAL CHARrfABLE 12 238.745 Page 15
THE PAROCHIAL cHRcH COUNCIL OF THE ECCLLSLISTICAL PARISH OF ST WILFRID'S STANDISH NOTES TO THE FINANCIAL STATEMENTS- ¢ollthiued for the Ytr Ended 31 Deeemb¢r 2023 OTHER Other t05ts Uttresirirted Rutri¢ted Dds futtds Total fuDds £21123 Totsl £2022 Other goverDllee #nd admin Costs: Independent exaMIn10n G¢D¢ra] admin cKpen5e5 Admitk wagcs AdrniTL pensiott Planned giving costs Ministry and poral expenses Parsonage houses Legal and prOrs1on4l f¢¢s Donations io TTU BaTLk charges 4(K) 3.162 20,811 437 400 2.122 15.153 437 531 1,904 2,891 583 28.169 3,162 20.811 437 2.392 3.036 651 8.304 29 2,392 3.036 651 8,304 29 39 TRUSTEES, REMUNERATION AND BENEFrrs There were no trUSts, r¢MuratIOn or other b¢n¢fits for the year end>J 31 Deeemb¢r 2023 nor for the year ended 31 December 2022. Trustees, expen& There were no trustres, expenses ld for the year endd 31 Dttember2023 nor for the year ended 31 Decembei 2022. STAFF COSTS 2023 2022 Wages and salaries Other p¢nsion ¢os 20.811 437 15,153 437 21248 The averdge monthly nwDber of employees during the year was as follow 2023 2022 Administrduon No ¢mployecs Teceived emoluments in exce&s of £60.(KKI. Page 16 ¢onlinueiL..
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH NOTES TO THE FINANCIAL STATEMENTS- eontlnued for the Year Ended 31 D¢¢effjlJer 2023 io. COfPARATIVEs FOR THE STATEhfENf OF FINANCIAL A1VITIEs Unrestrictcd Rencl&l funds nds Endowment fund Total funds INCOME AND ENDOWMEf4TS FROM Donations and lcgacies lo9.(1 3,480 112.541 Charlt#ble etivities Charitable activities 102,285 102,285 Other trading activitie5 Investment income 2.474 17.156 2.474 17.156 Tot] 230 976 234 456 EXPETrIDITURE ON ChAritabl¢ xftlvities Charitable activitles 219.445 19J(M) 238,745 Total 271.635 19 290 935 Net gain4{losses) on investm¢nts 17557) NET INCOMEIIEXPENDITURE) (58216) (15.820) (74.036) RECONCILIATIOP4 OF FUNDS Total funds bmught forward 846.498 69.738 2,477 918,713 TOTAL FUNDS CARRIED FORWARD Page 17 continueiL..
THE PAROCHIAL CHLRCH COUliCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH OTES TO THE FINANCIAL STATEMENTS- continued for the Yr Eud 31 Decembtr 202J ii. TANGIBLE FIXED ASSETS Fixturt% Frtthold prot CornputeT equipment fittin85 Tothls COST At l January 2023 Additiolks 412. 21.848 12,871 1,485 436.323 12.871 At 31 December 2023 34,719 485 449 194 DEPRECRATION At l January 2023 Charge for year 18,348 1.485 19.833 At 31 December 2023 21.566 1,485 ET BOOK VALUE At 31 Ikcember 2023 426 143 At 31 December 2022 416.490 12. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE Ai l January 2023 Revaluations 297.853 6,994 At 31 Deccmbcr 2023 290.859 NET BOOK VALUE At 31 December 2023 290.859 Ai 31 D¢¢ember 2022 297 853 There were no invcsttneDt outsid¢ the U Page 18 ¢ontinueiJ..
THE PAROCHIAL CHbRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH NOTES TO THE FINANCIAL STATEMENTS- ¢ontlttued for the Yttr Ended 31 Deetthber 2(111 12. FIXED ASSET INVESTMENT6- roDtinu¢d Cost or valuaiion at 31 December 2023 is represented by: Listed investments Valuation in 2019 Valuation in 2020 Va]uation in 2021 Valuation in 2022 Valuation in 2023 Cost 12.737 (58.347} 37.167 (17.557) (6.994) 323 853 290.859 Jnvestrnent is made from the prior sale of a propety and is rnanagefj by M&G Irtvestm¢nts Limited to provide unren¢ted income io the chariry. The charity holds 20,255.454 units in fharifund, and as at 31 DTrber 2023 the investment h&s been revalued downwards to £290,859 {2022 - £297.658). The subsequent Iw of £6.994 {2022 - £17,557) has been reflected in the SOFA. The charity also holds tnvesttnents with Central &)ard of Finance (of C of E) tnvestment fiEnd for £101.95 Imiss S E Edwardson legacy) and 12.59/0 Treasury slo¢k 1993 for £109.12 ffliew legacy). The value of these combined fi]nds remains unchanged * £195 in the year. DEBTORS: AMOUNTS FALLING DUE THllN ONE YEAR 13. 2023 2022 Other debtors Gift atd Pr¢payments 4.611 3.909 2.849 11.123 Page 19 continu¢d...
THE PAROCHIAL CHL'RCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH NOTES TO THE FINANCIAL STATEMENTS- eoDtAnutd for *h¢ Year Ended 311)t¢•Dber 2023 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YKAR 2023 2022 Other creditors 5.645 15. MOVEMENT IN FUNDS Net movement in futKIs Transfe]3 betwee funds At 31112123 At Iiir23 Unrestricted fulls General fund 788282 5.672 5,202 799.156 Restrlcted fuDds FloweT fund Choir and music fund Young people fund Arts festival Chur¢hyard 2J39 4,851 1.675 9.650 (1,826) (2,875) 2.881 3,394 1.976 3.242 1,567 19.650) 53,918 (9.661) (5202) 39,055 Endowment fvnds Endowment funds 2,477 2,486 TOTAL FUNDS 844.677 840,697 Net mov¢ment in fund4 iDcluded in the alM)ve arc &s follo Incorning resourc Gains and losses Movement in funds Ullr¢stricted funds General fund 302.177 (289.511) (6,994) 5.672 RtriCted Flower fund Choir and music fund Churchyard 2J63 (4,189) {3.735) (1,826) {2.875) 3223 (12.884) {9,661) End•wm¢ni fund$ Endowment fuTkts TOTAL FUNDS 305.409 302,395 6.994) Page 20 continu¢d..-
THE PAROCHIAL CHLRCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH NOTES TO THE FINANCIAL STATEMENTS- contltsued for the Yoar Ended 31 D¢¢tmber 2023 15. MOVEMENf IN FUNDS- continued Ctsmparatives for rnov¢m¢nt In funds Nct movement ID funds At 31112122 At 111122 UDrestrl£t¢d funds General fund 846.498 (58216) 788,282 Restrkied fuDd¥ Flower fund Choir and music fund Young petsple fimd An8 festival Churehyard 2,350 4.247 1.878 9,650 51.613 2.339 4.85 1 1.675 9.650 35.403 604 {203) 16 69.738 (15.820) 53.918 Endowment fvDd$ Endowment funds 2.477 2.477 TOTAL FUNDS 918 713 74.036) 844,677 Comparative nct rnovctDent in fund& Include in the abov¢ a as follows: Jncoming Resourc Gains and losscs Movement in n{L8 Unrestritted fvnds General fund 230,976 (271.635) (17.557) (58.216) Restricted fvndl Flower fund Choir and music fund Young people fund Churchyard 1053 1.427 (2.064) (823} (203) 16,210) 604 1203) 16210) 15.820 TOTAL FUNDS 234 456 17 557) 74 036) PaBe21 continued...
THE PAROCHIAL CHIRCH COUYCIL OF THE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH OTES TO THE FINANCIAL STATEMENTS- tolllinued for the Year Etsded 31 Deeembtr 21123 15. MOVEMENT IN FUNDS- continued A curreni year 12 months and prior year 12 months combined position is as follows: Transfer5 rnovemcni infu At 31112123 At Iiir22 funds Unrestrlcied General fund 846.498 (52.544) 5,202 799.156 Restricted fvnd¥ Flower fund Choir and music fund Young people nd Art5 festival Churchyard 2,350 4247 1,878 9.650 {1.8371 (2,271) (2031 2.881 3J94 1.976 3242 1.567 (9.650) 21.170) 69.738 (25.481) (5.202) 39,055 EndoTvmeDt fvDds Endowment funds 1477 2.486 TOTAL FUNDS 918.713 78.016) 840,697 A current year 12 rnonths atKI prior year 12 months combined net movement in fund& included in the above are as follows= lThcoming resources Gains and losses Movement kn funds expended UDrestrleted fvnds General fund 533.153 (561.146) (24,551) (52,544) Restricttd Hower fund Choir and music fund Young people fund Churchyard 4.416 2287 (6,253) (4.558) 1203) 21.170 11,837) 12,271) (2031 21 170) 6.703 {31184) (25.481) Endowm¢nt fllDds Endowmertt funds TOTAL FUNDS 539.865 593 24,551) 78.016) Page 22 continued...
THE PAROCHIAL CHURCH COlclL OF THE ECCLESIASTICAL PAIUSH OF ST WILFRID'S STATrIDISH NOTES TO TUE FINANCIAL STATEMENTS- eotttlttlltd for tbe Ywjr Endtd 311)¢¢¢thb¢r 2023 15. MOVEMENT IN FUNDS- CODtinut41 Analysis of fvnd Unrutrirted Endowment TDtAIfvDds Fixed assets CuTTent assets cyent liabilÉtiG 717.(K12 87.799 717.2 129.340 39.055 1486 799.156 840,697 Balances 1.1.23 Movements 788,282 10.874 53,918 14.863 2,477 844.677 BanceS 31.12.23 799.156 39.055 840,697 DeslgThated funds The Trustee5 have idcntified requirements to sct &sidc de5ignatd funds for the following exp¢nditure from unrestricted rcservcs.. a) The COIF T¢sve is d]gnated specifically for the Parish Hall fund and Flower fun¢ this is £18.539 12022 - £19,773) but Is not restricted within ihose funds. It would be the intention to designate all of this amount for the Parish Hall and Flower funds. Restrkted fund• Fund5 Shown as rc5tTi¢¢ed are for specifjc purtM)ses only and cannot be unr¢sth¢ted funds for the generak wnnit)g of the church.The5e tend to be fitnded by publi¢ donation& 4)ccifica]ly for this use. ChArlty free reserves ThC are the free reserves of thc church. being fuThJs neither restrictal nor design* were £780.617 {2022 - £768.509). This is in line with the PCC res¢ry¢5 policy. deemed wjequate to w approximately 6 month worth of nll)ning cOS for the church. Page 23 continued...
THE PAROCHIAL CIIURCH COUNCIL OF TIIE ECCLESIASTICAL PARISH OF ST WILFRID'S STANDISH NOTES TO THE FtNLYCIAL STATEMEYI TS- tontlDued for the Year Ended 31 December 2023 16. EMPLOYEE BENEFIT OBLIGATIONS The charity operates a defined contribution pension scheme. The awets of the scheme are held s¢parately from those of the charity in independently adTninistered funds. Contributions to the ScIe amounted to £437 (2022 - £437) and as at the year end there were £97 (2022- £97) of UTLpaid contributions. 17. OTHER FINANCLiL COMMITMENTS The PCC ks rtsponsible for running of Church complex of St Wilfrid's (Thurch. Following the last Quinquenniai report in July 2019, the PCC wa5 adw5ed of poientiai e]Mated expendibjre of £70.(KK) over the next few yeaTS kn r¢spect of work5 required on wa]Is, Sntwor( pathwa togdher with other ancillary WOTk& 18. RELATED PARTY DISCLOSURFS During th¢ year the PCC h&8 received donations from St Wilfrid's Church Tn for interest of £2.785 (2022 - £3,054) and a fvrther donation to funds of £50.(MM) (2022- £Nil). As at the year end £4.611 (2022- £942) was due to the PCC from the Trust. Page 24
THE PAROCHIAL CHURCH COUYCIL OF THE ECCLESIASTICAL PARISH OF ST WtLFRID'S STAI¥DISH DETAILED STATEMEiYf OF FINANCIAL ACTIVITIES for the Year Ettded 31 Decemb¢r 2023 2023 2022 INCOME AI¥D ENDOWMENTS DoDatloDS and leg¢ks Tax etTi¢i¢ni giving Gift aid Legacies Other regular giving Other donations Restrided fund donalions 55.956 14.875 19.9 20.452 66,247 52.146 15.288 590 20.587 20.050 181243 112.541 Other tr8dlDg #etlvltles Fundraising activities 2,135 2.474 Inve8tmetsl It)¢¥Jme Ikposit account interest 18,829 17,156 Cb8ritble •ctivities Weddings and fun¢rdls Parish Hall donations Social events Sundrie5 and b¢)oks.etc 56.893 30,031 16.138 58,927 31.216 11.902 240 103202 102 285 TotAI incom1g resOTte5 305.409 234.456 EXPENDITURE Ch8rit•blt Irtlvltles Donations and charitable 8Lving Honoraria and music dire¢tor Parish share and assigned fce Church rnnning expu Utility costs Ma8azine eosts Gardeners contracts Ground and fabric co$ Education Charitable giving Fixturcs and fittings 1,321 7.786 111.016 68.047 42J05 2.166 20.273 4,960 1.363 6.555 116,128 49.669 24.982 2.309 20.441 17,216 82 2.081 263.173 238.745 This page does not forni part of the swutory financial stst¢rnents Page 25
THE PAROCHIAL CHLRCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF ST WILFRID'S STANDISH DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Etsd¢d 31 Dttember 2023 2023 2022 Charltsble *¢tivities Other Wages Pensions Ind¢ndent cxamination Genera] cxpeoses Miniry and pastoral expens& PaT50nage houses costs TrAnsfcrs to Tru 20,811 437 400 3.842 2.392 3.036 8,304 15,153 437 400 3,236 1.904 2.891 28.169 Total resou¢$ ¢xpended 302 395 290.935 Net i¢0){eXPendL1Urt) btft)rt losses 3,014 (56.479) RealSsed recognised gallls and Ios5U R¢ali5ed gaIn(lo$s¢S) on f£d a&%d inv&strients 6.994) 17.557) Net eXPedItre 74,036 This pag¢ not forn] part of the stOry financial statements Page 26