THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, MACCLESFIELD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, MACCLESFIELD FOR THE YEAR ENDED 31 DECEMBER 2021
| Contents | |
|---|---|
| Page No. | |
| Charity Reference and Administrative Details | 2 |
| Trustees' Annual Report | 3 - 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities (Including Income and Expenditure Account) | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 - 12 |
Page 1
Page I
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, MACCLESFIELD CHARITY REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2021
| Charity registration | The Parochial Church Coucil of the Ecclesiastical Parish of | The Parochial Church Coucil of the Ecclesiastical Parish of |
|---|---|---|
| All Saints, Macclesfeld was registered as charity number | ||
| 1193160 on 21st January 2021. | ||
| Trustees | Rev Andy Williams | |
| Mrs Pat Gaskell | Secretary | |
| Mr Philip Marsh | Treasurer | |
| Mr Anthony Hallatt | Church Warden | |
| Ms Christine Campbell-Kelly | Church Warden | |
| Mrs Carol Fieldhouse | Deanery Repre | |
| Mr Stephen Gaskell | ||
| Mr Malcolm Maginn | ||
| Mrs Jane Palmer | ||
| Mr Ron Sherwin | ||
| Mr Brian Gleaves | Appointed duri | |
| Dr Michael Smithers | Appointed duri | |
| Mrs Jacqui Donaldson | Appointed duri | |
| Parish Ofce | St Michael and All Angels' Church | |
| Market Place | ||
| Macclesfeld | ||
| Cheshire | ||
| SK10 1DY | ||
| Independent Examiner | N Kennington FCA | |
| Heywood Shepherd | ||
| 1 Park Street | ||
| Macclesfeld | ||
| Cheshire | ||
| SK11 6SR | ||
| Bankers | The Co-operative Bank | |
| Castle Street | ||
| Macclesfeld | ||
| Cheshire |
Page 2
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, MACCLESFIELD TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
Structure, governance and management
The 1st January 2010 saw the start of the newly re-organised Macclesfield Team Ministry. This being the structure for the Macclesfield Team Parish, which was dissolved on the 31st December 2009. The four in churches, which make up the Team Ministry, St Michael and All Angels', St Peter's, All Saints' and St Barnabas', are constituted as a Team Ministry under the Church Representation Rules of the Church of England.
This structure gives us the best aspects of being a Team, with real power at the local congregational leve church has its own Parochial Church Council (PCC), holds its own AGM and produces local accounts with f authority over its own affairs. A Team Council has been formed, as is required by the legislation. This cou does not have its own legal power, but only that which is delegated to it by the four local churches. The Share for the Team Ministry is paid to the diocese via the Team Council. It has been agreed that St Micha and All Angels' PCC will assume the responsibility of accounting for all shared Team activities.
This set of accounts records the activities of All Saints.
Objectives and Activities
The objective of the PCC is to promote the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England.
The main activities of the PCC are to enable the provision of regular public worship; the provision of past the teaching and promotion of the Christian faith; the support of other charities whose objectives reflect ethics. In these activities we endeavour to support the mission of the Church, pastoral, evangelistic, soci ecumenical, and we offer a welcome to all. The work is centred at All Saints Church on Brough Street We Macclesfield.
The trustees have considered the guidance of the Charity Commission on public benefit and believe that objectives and services provided by the charity comply with that guidance.
Achievements and Performance
Worship, witness and prayer
There is a service held at All Saints Church at 09.30 every Sunday, this alternates between Holy Commu and a service of the Word. Messy Church is held on 2nd Saturday of each month (September to June). However due to the covid pandemic the normal services have been sporadic within government guidelin Use of the Church Building
Whilst the Church is a centre for worship, its construction lends it to a variety of other uses, in the comm However due to the covid pandemic the use of the church building has been restricted.
PCC Responsibility to produce accounts
The council are responsible for their annual report, and the preparation of the financial statements for ea financial year which give a true and fair view of the incoming resources and application of those resource charity during the year, and of the state of affairs at the end of the financial year in accordance with app law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice In preparing these financial statements the PCC are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the applicable Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
-
prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.
Page 3
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Page 3
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, MACCLESFIELD TRUSTEES' ANNUAL REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2021
The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at a time the financial position of the charity and to enable them to ensure that the financial statements com the Charities Act 2011. the applicable Charities ( Accounts and Reports) Regulations, and the provisions o Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable ste the prevention and detection of fraud and other irregularities.
The PCC is responsible for the maintenance and integrity of the charity and financial information included charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
Reserves policy
It is PCC policy to maintain a balance on unrestricted funds (if possible), which equates to at least three m unrestricted payments, equivalent to £15,000 to cover emergency situations that may arise from time to
Financial Review
All Saints became registered as a charity on 20 January 2021. The charity registration number is 119316
The accounts detail the income and expenses of All Saints PCC. Details of the balance of funds held by S Michael and All Angels' for the financial activities of the Team are included in the notes. These central fun recorded within the St Michael and All Angels' accounts, and include the payment of the Diocesan Quota
Due to the covid pandemic the church was closed for worship and the hiring of our buildings from 1 Janu Easter Day 4 April when the church re-opened. The hall re-opened on 11 April for the community.
Our congregation generously maintained their giving, but our rental income for the remainder of the yea totalled £4,013, compared to £15,000 per annum pre pandemic.
Thanks to the legacy of £51,739 received in 2020, we were able to spend on the building the following a on capital expenditure, roof and building repairs £11,629, porch and entrance doors £18,071 and balcony £2,040. Total cost spent £31,740.
All Saints still contributes 25% to the Team budget.
The Church Treasurers have had discussions together regularly in order to scrutinise the finances of both individual churches and the Team Ministry as a whole. Cost savings have been made where appropriate, all things the ministry and the mission of the Parish drive the finances, rather than the other way round.
Signed for and on behalf of the All Saints PCC:
3 April 2022
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INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, MACCLESFIELD FOR THE YEAR ENDED 31 DECEMBER 2021
I report on the accounts of All Saints for the year ended 31 December 2021 which are set out on pages 6
Respective responsibilities of the PCC and the examiner
The PCC is responsible for the preparation of the accounts. They consider that an audit is not required fo year (under section 144(2) of the Charities Act 2011 (the Act)) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts (under section 145 of the 2011 Act);
-
follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act); and
-
state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commiss examination includes a review of the accounting records kept by the Charity and a comparison of the acc presented with those records. It also includes consideration of any unusual items or disclosures in the ac and seeking explanations from you concerning any such matters. The procedures undertaken do not pro the evidence that would be required in an audit, and consequently no opinion is given as to whether the present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent Examiner's statement
In the course of my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting req of the 2011 Act have not been met; or
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the a to be reached.
N Kennington FCA Heywood Shepherd Chartered Accountants
1 Park Street Macclesfield Cheshire SK11 6SR
3 April 2022
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Page 5
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, MACCLESFIELD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Note Incoming from: Donations and legacies 2 Charitable activities 3 Other incoming resources 4 Investments 5 Total income Expenditure on: Charitable activities 6 Buildings 8 Total expenditure Net income/(expenditure) Transfer between funds Net movement in funds 11/12 Fund Balances at 1 January 2021 11/12 Fund Balances at 31 December 2021 11/12 |
Unrestricted Funds 2021 General Designated £ £ £ £ Restricted Funds |
|---|---|
| 45,244 - 4,221 49,465 - - - - 10,701 - - 10,701 - - - - |
|
| 55,945 - 4,221 60,166 |
|
| 54,091 - - 54,091 - 24,286 7,454 31,740 |
|
| 54,091 24,286 7,454 85,831 |
|
| 1,854 (24,286) (3,233) (25,665) |
|
| (12,000) 12,000 - - |
|
| (10,146) (12,286) (3,233) (25,665) 76,207 14,110 3,233 93,550 |
|
| 66,061 1,824 - 67,885 |
The notes on pages 8 to 12 form part of these accounts
Page 6
2020
£
96,546 279 9,752 15 106,592
58,794 - 58,794 47,798 -
47,798 45,752 93,550
Page 6
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, MACCLESFIELD BALANCE SHEET AS AT 31 DECEMBER 2021
| Note Current assets Debtors 9 Cash at bank and in hand 10 Net assets Funds of the Charity Restricted 11 Unrestricted - Designated 12 - General 12 |
Unrestricted Funds 2021 General Designated £ £ £ £ Restricted Funds |
|---|---|
| 3,183 - -3,183 62,878 1,824 -64,702 |
|
| 66,061 1,824 -67,885 |
|
| 66,061 1,824 -67,885 |
|
| - - -- - 1,824 -1,824 66,061 - -66,061 |
|
| 66,061 1,824 -67,885 |
The notes on pages 8 to 12 form part of these accounts
Approved by the Parish Church Council Meeting
- 3 April 2022
Page 7
2020
£
3,619 89,931 93,550 93,550
3,233 14,110 76,207 93,550
Page 7
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, MACCLESFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. Summary of significant accounting policies
(a) General information and basis of preparation
The Parochial Church Council of the Ecclesiastical Parish of All Saints Church, Macclesfield is a Churc of England Parish within the Diocese of Chester. It is an unincorporated charity excepted from regist with the Charity Commission. The address of the registered office is St Michael and All Angels' Churc Market Place, Macclesfield, Cheshire SK10 1DY. The nature of the charity's operations and principal activities are the provision of regular public worship, the provision of pastoral work, the provision of teaching of the Christian faith, the promotion of the Christian faith and the support of charities invol Christian outreach and development.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have prepared in accordance with The Church Accounting Regulations 2006, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1 issued on 16 July 2014 and the Financial Reporting Standard applicable in the UK and Republic of Ire (FRS 102) and the Charities Act 2011.
These financial statements are drawn up on a going concern basis under the historical cost convent modified to include certain items at fair value. The financial statements are prepared in sterling, wh functional currency of the charity, rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set o These policies have been consistently applied to all years presented unless otherwise stated.
(b) Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the genera of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particula purposes. The aim and use of each designated fund is set out in the notes to the financial statemen
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by which have been raised by the charity for particular purposes. The cost of raising and administering funds are charged against the specific fund. The aim and use of each restricted fund is set out in the the financial statements.
(c) Income recognition
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity i entitled to the income after any performance conditions have been met, the amount can be measur and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlemen writing. If there are conditions attached to the donation and this requires a level of performance bef entitlement can be obtained then income is deferred until those conditions are fully met or the fulfil those conditions is within the control of the charity and it is probable that they will be fulfilled.
Page 8
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Page 8
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, MACCLESFIELD NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021
1. Summary of significant accounting policies (cont.)
(c) Income recognition (cont.)
No amount is included in the financial statements for volunteer time.
Income on deposit funds held is included when receivable and the amount can be measured reliably church which is normally upon notification of the interest paid or payable by the bank.
(d) Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that ag all costs related to the category. Expenditure is recognised where there is a legal or constructive obl make payments to third parties, it is probable that settlement will be required and the amount of the can be measured reliably. It is classified under the following headings:
-
Costs of raising funds
-
Expenditure on charitable activities
-
Other expenditure represents those items not falling into the categories detailed above.
The charity is not registered for VAT. Activity expenditure includes the associated VAT element.
(e) Tax
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
(f) Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that material uncertainties exist. The trustees have considered the level of funds held and the expected income and expenditure for 12 months from authorising these financial statements. The budgeted in expenditure is sufficient with the level of reserves for the charity to be able to continue as a going c
Page 9
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Page 9
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, MACCLESFIELD NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted Funds | Unrestricted Funds | Restricted Funds |
2021 | ||
|---|---|---|---|---|---|
| General | Designated | ||||
| £ | £ | £ | £ | ||
| 2. | Income from donations and legacies | ||||
| Covenanted giving | 29,402 | - | - | 29,402 | |
| Uncovenated giving |
4,829 | - | - | 4,829 | |
| Cash on plate | 1,063 | - | - | 1,063 | |
| Tax reclaims on donations and gifts | 7,910 | - | - | 7,910 | |
| Legacies and donations | 2,040 | - | 4,221 | 6,261 | |
| 45,244 | - | 4,221 | 49,465 | ||
| 3. | Incoming resources from charitable activities | ||||
| Wedding and funeral fees | - | - | - | - | |
| - | - | - | - | ||
| 4. | Other incoming resources | ||||
| Parish events & Other | 163 | - | - | 163 | |
| Chester DBF grant | - | - | - | - | |
| JRS grant received | 2,375 | - | - | 2,375 | |
| Rental and other income | 4,013 | - | - | 4,013 | |
| Bank switch fee income | 4,150 | - | - | 4,150 | |
| 10,701 | - | - | 10,701 | ||
| 5. | Income from investments | ||||
| Interest | - | - | - | - | |
| - | - | - | - |
Page 10
2020
£
30,281 4,624 1,209 7,955 52,477 96,546
279 279 220 2,000 2,212 5,320 - 9,752 15 15
Page 10
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, MACCLESFIELD NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021
| 6. Charitable activities a Ministry Central Team Costs including Diocesan quota Worship costs Donations - (see note 7 below) b Premises Utilities Cleaning Repairs Insurance Replacement tables and trollies Professional fees c Administration and support Administration Children and young people Total charitable activities All Saints has no paid members of staf. 7. Donations - (included in note 6a above) Church at home and overseas Secular charities 8. Building Fund Expenditure Church and hall roof repairs Porch and entrance doors Balcony screen |
Unrestricted Funds General Designated £ £ £ 36,899 - - 964 - - 3,450 - - Restricted Funds |
|---|---|
| 41,313 - - |
|
| 1,635 - - 4,546 - - 1,401 - - 1,652 - - 2,074 - - 939 - - |
|
| 12,247 - - |
|
| 307 - - 224 - - |
|
| 531 - - |
|
| 54,091 - - |
|
| 2,350 - - 1,100 - - |
|
| 3,450 - - |
|
| - 4,175 7,454 - 18,071 - - 2,040 - |
|
| - 24,286 7,454 |
Page 11
2021 2020 £ £
| 36,899 | 41,585 |
|---|---|
| 964 | 1,245 |
| 3,450 | 3,058 |
| 41,313 | 45,888 |
| 1,635 | 3,175 |
| 4,546 | 4,101 |
| 1,401 | 3,664 |
| 1,652 | 1,615 |
| 2,074 | - |
| 939 | 196 |
| 12,247 | 12,751 |
| 307 | 122 |
| 224 | 33 |
| 531 | 155 |
| 54,091 | 58,794 |
| 2,350 | 2,458 |
|---|---|
| 1,100 | 600 |
| 3,450 | 3,058 |
| 11,629 | - |
| 18,071 | - |
| 2,040 | - |
| 31,740 | - |
Page 11
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, MACCLESFIELD NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021
9. Debtors
Funds held in Team Bank Accounts
Each parish within the Team Ministry contributes to the shared central costs, including the d This money, which is managed and recorded by St Michael & All Angels' PCC, is held in trust fund.
10. Bank and Cash
Funds held in All Saints Bank Accounts
11. Restricted Funds
| 11. Restricted Funds Restricted All Saints - building fund 12. Unrestricted Funds Designated Building fund General All Saints - unrestricted funds |
January 2021 Income Expenditure £ £ £ 3,233 4,221 (7,454) |
|---|---|
| 3,233 4,221 (7,454) |
|
| 14,110 - (24,286) |
|
| 14,110 - (24,286) |
|
| 76,207 55,945 (54,091) |
|
| 76,207 55,945 (54,091) |
The building fund was created by the trustees for the new storage facility by designating £6 unrestricted funds in 2018.
The restricted building fund balance contributed to the improvements carried out on the por with the remaining capital expenditure on the building being funded by transfer from the ge
13. Future commitments
The PCC is not aware of any future commitments outside the normal course of business.
14. Contingent liabilities
The PCC is not aware of any contingent liabilities not provided for in these accounts.
Page 12
| 2021 | 2020 |
|---|---|
| £ | £ |
| 3,183 | 3,619 |
diocesan quota. t in a restricted
| £ | £ |
|---|---|
| 64,702 | 89,931 |
| December | |
| Transfers | 2021 |
| £ | £ |
| - | - |
| - | - |
| 12,000 | 1,824 |
| 12,000 | 1,824 |
| (12,000) | 66,061 |
| (12,000) | 66,061 |
60,000 from the
rch entrance doors eneral bank account.
Page 12