Charity registration number 1199630 IEngland and Walès) THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM LEGAL AND ADMINISTRATIVE INFORMATION Witar Rev'd Nick Wells (Chair of PCC) Mission Enabler Revd Emrna Swart)n"ck Church Wardens Oeborah Edwards Susan Holman Dèputy Church Wardens Tabitha Riley Andrea Tinker Charlty numbèr 1199630 Dèanèry Synod Reps Deborah Edwards IPCC Se¢reiaryl (to May 20241 Rachel Higginbolham Wendy Riley IPCC Treasureil Elizabeth Willis (Lay Chair of PCC LLM Representative Jawui Briscoe Treasurer Wendy Riley Safeguarding Offlcer Linda Hyland PTincipal address The Parish Office Church Road Lytham Lancashire FY8 SQL Elected members lain Ash¢roft (lo May 20241 Diana Harris Ifrom May 2024 & PCC Secretary) Paul Olive Alex Vvalmsley Karteen Wilkinson JLS1ie Smith John Dixon (from May 20241 standing Committee ofthe PCC Vicai (Chairl, Mission Enabler, Chur¢hwardens, Lay Chair, PCC Secretary. PCC Treasurer Lytham C ol E Prlmary School Head Teacher5 Nomlnatlo Michelle O'Neill (to May 2024) then Amanda Wooldridge (from May 20241 Independent trxamlner Champion AccountaTIts LLP Unil 2 Olympic Court Whilehills Business Park Blackpool Lancashire FY4 5GU
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM LEGAL AND ADMINISTRATIVE INFORMATION Bankers CAF Bank Barclays Bank HSBC Bank Sanlander Bank Virgin Money Bank Quinquennlal Architect Cassidy and Ashton 7 East Cliff Presto PRI 3JE Lytham Church Of England School Ivoluntary Controlled) Head Teacher- MrsAmanda Wooldridge Lytham C of E Primary School Park View Road Lytham FY8 4HA Legal Advlsors The Diocesan Registtai Clayton House Walker Offi¢e Park Blackburn BB1 2QE
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM CONTENTS Page TTuslees' report Independent examSnèr's report Statement of financial activities Balance sheet 10 Notes to the financial slalemenls
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF STJOHN THE DIVINE & ST CUTHBERT LYTHAM TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and financial ststements for the year ended 31 December 2024. Thè financlal slalemenls have been prepared in ac¢o¥dan¢e with thè accounting policies sel out in note 1 to the financial statements and comply with the charity's goveming document, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounls in accordaneè with the Financial Reporting StandaFd applicable in the UK ancl Republic of Ireland IFRS 102)" leffeclivtr 1 January 20191. Objectives and activltles The general fun¢lions of the PCC are slated wlthln Sectlon 2 of the Parochial Church Councils {Powers} Measure 1956. The JC Lytham Mission Statement is currenlly"Two Homes. One Family" Vvhen planning our activities for the year, the PCC gave consideration lo the Charity Commission's guidan¢e on public bettefrt, and in particular, the specific guidance lo charities toncemed with the advancement of religion. Achievements and performance In the summer of 2024 the PCC enrolled on the Parish Renewal Progr8mmÈ (now the DiDcesan Renewal Programme}. This programme will assist us lo discuss and develop the missional aspects of the parish, a natural follow on frown all the adminislrative work we have been doing lo bring the new parish together. The cleigy, churchwarden$ and other PCC members attended a Leading Your Chuf¢h into Growth in October 2024 and local training sessions which are then brought back lo PCC. The PCC are COFnmitted to the programme and the agenda has been adjusted lo ensure lime for discussion of the topics raised. Our Sunday School re laun¢hed in September with a new name BLAST (Believe, Learn And Seek Truthl- They meet each wèèk duriny term time and are more involved the All Age Serv¢¢e ea¢h month_ We also have a couple of new leadeis on board. BLAST meets at Sl Culhbert's alongside the 10.'15am setvirE. As the year progressed, we began lo see a small incTease in Ihe size of the congregation and we have welcomed new meTllbeTs. Most encouragingly the attendances for Christmas servicés was the strongest we have sn for fwe years. We are very grateful lo the Diocesan Board of Finance for grant supptsrt to meet our Parish Share contribution lo the Diocese of Blackbum. As is evident from our accounts we conb.nue lo struggle lo generate Ihe kicome we require to cover the costs of ministy in the parish. We have joined the Parish Giving Scheme ID hdp people lo give and we continuè lo see people slowly engage with this. We wll be looking for further assistance from Ihe DBF with this as the Diocesan Renewal Programme continues. 11 is clear we need lo fitK* ways lo encourage people ID commit lo conlribuling further financially lo the parish. The parish has taken a full part in several Lylham based events induding Club Day, the 19405 Festival, Remembrance Sunday and the Lylham Liyhts Switch on. Our Pastofal Ministy Team is now embedd8d in the parish wth a team on foLTrr visitors currerrtly visititig OVEr 20 people regularly. We plan to continue lo grow this team and il's ministry. Sub committees of the PC have also been formed lo oversee our Finances, SO31 Events and Buildings. Our fvrther aims for the year were irlfofmed by the di¢)ces2n vision and the following and saw us.. Maintain strong links with Lytham CofE Primary School through the clergy leading collective worship each week and assisting deliver some of the RE ¢urri¢ulum'. leading Worship in Wellies after school club d welcoming the school communty into both churches for servi¢e', We also ran Christmas Through the Keyhole and children from Lytham CofE and Hall Park Schools attended, we are grateful to the Lylham Schools Foundation for assistance wlh the Gosts of Ihis,
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Recommen offering Prayers for Vvholeness and Healing at our monthly Parish Communion., Run Home study groups, Lent and Advent Courses, and Alpha., Arrange several social events foT both church members and the local cofflmunity. lthrked ori an application for funding foi a Youth Woter in the parish., Continue to consider how best lo imprt)vè our church buildin9S. The Church Hall at Sl Culhbert is used by the parish for the Bertie Bear Glub, wn by the Mother's Union. A number of olher organi5alions also Tent the hall as well as individual bookings for parties and similar. A Daily Prayer Èmail is circulated lo the Electoral Roll every morning with prayers for the parish, the comrnunity and Ihe wortd, it is proving a popular way of the parish praying togethe each day. Thlhin the town we have werè with involved with the luming on of the ChTislmas Lights, tsking part irb the procession and being inviled lo give a Blessing. We continue to supptyl and take part in Club Day and the CIV Ceremotsy on Remembrance Sunday and host an annual RNLI Servic6 marking the anniversary of the Mexco Disaster. The numbers (In the elerloral Roll at last years APCM was 286 and oui Occasional Oftice numbers lor the year were 23 Baptisms, 5 Weddings and 40 Funerals. Our usual Sunday attend8nce across the parish was arwnd 120 people. 2024 has been a year of increased determination to see more people in Lylham come lo faith and our congregations lo grow in their relationship with Christ. We continue to believe the goodness of G¢xt- Father, Son and Holy Spirit and have confidence in His future provision for His church in Lytham. Staff al JC Lyiham HonoraryAssislant Ckrgy Revd Helen Houslon Locally Licensed Ministers Jacqui Briscoe Joanne Hutchinson David Matthews Bev Wells Nicola lthiteh6ad Angela Lee Marianne Cottièr- Brown James Walmsltry Marianne Collier- Brown Ico-ordlnalorl Marion INhithead Revd Bety Pedley Liz Willis Mrs Fiona Newbold Mr David Taylor Michelle O'Neill Paul Olive Alex Walmsley Clive 8arnes Kay Hopper & Andrea Tinker Diana Harris covered by the Churchwardens covered by the Churchwardens Linda Hyland Peter Jebson Local Lay Minister Emeritus AuthoFised Lay Ministers PaslDral Ministry Team Partsh Co-ordinator Groundsman Vision Champions Head Server at Sl Culhbert GiftAid Secretary Electoral Roll Officer Health and Safety Advisor GDPR Officer Safeguarding Officer Organists
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 John Dixo Graham Warringlon Bev Wells and Ms Tabitha Riley Margaret Fishei Elizabeth Willis Dawn Barnes & Hilda Swindlehurst Julie Smith Sid Lloyd Julie Webb Website arms E-media co-ordinators Mothers Union Leader Craft Group Leader FlowerArrangers Sunday School Leader Bell Towers Captain Fairtrade Co-ordinator Uniformed Leaiters Group Scout Leader Sea Scouts Cubs BeaveTS Brownies Rainbc>ws Hall BoDngS Graham Igoe Steven Beardsworth not ctjrrenlly meeting in the parish Sarah Johnson Mary TimFnS & Muriel Ward Muriel W8rd,Susan Holman & Wendy Riley through the Parish Office FinancTal review There is a nel surpltjs for Ihe year of £15,071. Unrestricted ftJn(Ss carried foNard amounted lo £216.075 8nd included within this balan is the sum of £20,000 held as a designated fvnd for a new organ at Sl John's Church. The balance on ieslricled funds was £63,991 and endowment funds were £41,040. The Ifustees have a reasonable expedalion that the chartly has adequate resources lo continue in operational existence for thè forèseeable fulure, assutning ¢tsntinued support by the Diocese in their assessment of Parish Share as a voluntary donation. 11 is the policy of the charity that unrestricted funds which have not been designated lor a specific use should be maintained at a level equivalent lo between three and six month's expenditure. The trustees consider Ihal reserves al this level wll ensure that. in the event of 2 significant drop in funding, they will be able lo continue the charty's ctjrrent activities while consideration is given to ways ih which additional funds may be raised. This level of reserves has begn mainiained during this year. The PCC carried out risk assessments throughout the year lo identify any major rlsks. Flnancial RÈsk Investments held by the PCC are reviewed in 8ccordance wilh Diocesan guidelines. The PCC approves internal controls for annual accounts and cheque handling. Compliance with Law and Regulatlon The PCC is irrformed of risks and these are de311 wth as appropriate. Procedures for reporting accidents are in pla. The firè extinguishers and security alaim are ¢hecked regularly in compliance wlh our H&S policy and procedures. A risk management survey was carrled out by insufers and acted upon. Safgguardlng The Church has adopted the Blackburn Dio¢esan 'Protection for All, Policy on Safeguarding Children & Vulnerable Adults. JC Lyiham complies with DBS requirements when recruiting volunteers and staff_
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Plans for future peTlods Looking at our aims for 2025 we are pleased that we have made progrèss on èach of the following- Making Disciples.. Continue to engage fully wth the Diocesan Renewal Programme, including running a Mission Weekend in Sèptèmber coinciding wslh leb[ating the 1751h Anniversary of the opening of St John's Continue lo prov¢de ample opportunitie5 for Bible Study.. Bring baptisms into ¢)ur tnain Servi and introduce a Zoom meeting with baptism families lo help them consider what baptism Tneans Monitor our range of services and worship opportunities. Being Wlnesses.. Help our parishioners to gain confidence in telling their faith stories., Provide opportunities lo meet 109elhet socially and to whi¢h non church goers could be invited., Growtng Leaders.. Encourage new aderS and volLinteers', support anyone one w18hing lo explore lay or ordained ministry and help lo connect them wilh Ihe appropriate people in the diocese., Make use of diocesan resoufces lo grow leaders through Parish Vision and Leading Your Church into Growth. Inspiring Children and Young Pèoplè. Extend connections tween the school and the church,. Explore applying for diocesan funding for a parish youth worker". Embed our Al Age Service and invite BLAST and olheis to take part in planning and leading,. Our parish buildings.. PrresS repairs lo our buildings as outtined in the Quinquennial SuNey Reports completed in the autumn of 2024- Inslall a new Electronic organ al Sl John's as the current pipe organ there is no longer fit for purpose", Complete the faculty application for creating a lollel and improve the kitchen in Sl John.. Explore repositioning the font al both churches., Complete the faculty applicstion lo remove the screen al the east end of the Sl Aidan's Chapel and look to open up the choir and clergy vestries al Sl Culhbert. Work with our Bell-Ringers to progress significant repairs lo the bell frame at Sl John'5
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 structure, governance and managèment The Parochial ChLFrch Coun¢il of the Ecclesiastscal Parish of Sl John the Divine and St Cuthbèrt, Lytham is 2 chaiily registered with the Charity Cornmission for England 2nd Wales. Sl John the Divine Ghur¢h is located on East Beach, Lytham and St Cuthbert's Church is located on Church Road. Lylham. The parish is part of the Deanery ol Kirkham, in the Diocese of Blackburn and its official CotresporK1en address is.. The Paiish Office Church Road Lytham LancAshire FY8 SQL bsite.'httpljclytham.church Sl John Divine and St Culhbert, Lytham PCC is a )dY Corporate and operale5 urHler the Parochial cr¢h Councils {Powersl Measure 1956 and the Church Representation Rules. PCC member5 are appointed as set out in the Church Representation Rules. All ChuTch members are eOuraged to register on the Electoral Roll and sland for election lo thé PCC_ The Iruslees who served during the year and up lo Ihe date of signalura of the financial statements were- Deborah Edwards Susan Holman Tabilha Riley Andrea Tinker Rachel Higginbolham Wendy Riley Elizabeth Wllis Jacqui Briscoe Linda Hyland Diana Harris (from May 2L1241 Paul Olive Alex Walmsley Karleen Nlkinson Julie Smith John Dixon {from May 2024} Reverend Nick Wells PCC members receive training as and when appropriate, including roles and responsibililtes, safeguarding, financial and fabric. The Vicar and Mission Enabler are licensed by the Bishop of Blackburn and ex~officio members of thè PCC. The Blackburn Diocesan Board of Finance acted as Custodian Trustee for the inalienable propety of the Church. Day lo day management of the Church is exercised by the Wicar and Wardans.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYfHAM TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Related TNsts Lyfh8m Chuich ofEngland School The Wicar is ark eK-offiLiO Foundation Govemor of the school,. four further poople are elecled by the PCC Irom the Chuich Membership as schotsl F¢x5ndation Govemots. LbaM Ewmenifjal Partn8rship The Churches in Lylham have a knng established partnershlp to whith th8 parish is a fully comrnitted partner. The Vmxr, Mission Enabler and two chLTrrch mÈmbers elected by the PCC. serve on th8 LEP Coun¢il. and Ihese posit40n$ were vacant. Lylham Schools FoundatTr The Vicar Is Ihg nominated representatfve from JC Lylham oa thg Foundation. Lylh8m Club DGY Commit180 JC Lyth8m nominates tsfo people to the Committee. The currEnt representatkve is Julie Smith with the second position vaeanl. The trusteÈ8' report was approved by the BDaTd ol Trustee8. ells Trustèe Dale.. 2OZ
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM l port to the Iruslees on my examination of thè financial ststemenls of The Paro¢hial Church Council of the EGGlesiastical Parish of St John the Divine & St Culhbert Lylham (the charity) for the year ended 31 Decèmbèr 2024. Responslbllltles and basi5 of report As the trustees of the charity you are responsible for the preparation of the financial slalements in accordance with the fequirements of the Charitie5 Acl 2011. I report in rèspect of my examination of Ihe charify's financial statements carried out under section 145 of the challts.es Art 2011. In carrying out my examination I have followed the Directions given by the Char¢ly Commission under sectK)n 14515llb} of the CharitiesAcl 2011. Independent examlnerfs statement Your attentton is drawn to the fact Ihal the charity ha5 prepared the financial slalements in accordance with the relevant version of the Slalemenl Df Recommended Pfaclice applicable to charities pieparing their financial slalemenls in acrnrdance with the Fin8ncial Reporting Slandaid applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting Repon9 by Charities.. Statement of Recommended Practice issued on 1 Apiil 2005 which is referred lo in the exlanl regulations but has now been withdrawn. l undeistsnd that this has been donè in order for the financial statements to provide a true and fair view in accordanee with UK Geneially Accepted A¢¢wnling Pr2ctsce. I have completed my examination. I conlirm that no matters have come to my attention in conriection with the examination giving me cause lo believe that in any malertal respect.. accounting records were not kept in respect of the charity as required by section 130 of the Ch8ri1ies Act 2011. the financial slalemenls do not accord with those records," or the financial slalemenls do not comply wth thè applicable requiiemenls Concerning the form and content ol financial statements set out in the Charities (A¢counts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination. I have no ¢oncerns and have come across no other matters In connection wilh the examination lo vthich attention shoulit be drawn in this report in order to enable a proper understanding of the financial slalemenls lo be reached. I CLtyI or) 11cco41 LLP Champion Ar¢ountants LLP Unil 2 Otympic Court INhilehi115 Business Park Blackpool LancAshire FY4 5GU Dated..
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Curret)t flnanclal year Unrestricted funds 2024 Restri¢tÈd Endowment funds funds 2024 2024 Total Total 2024 2023 Notes Income from- Donations and legacies CharÈlable actiVFties Other trading activities Investments 133.193 47,471 2,165 7.452 133,193 47,471 2,165 9,301 77.678 48.731 154 8,782 1,849 Total income 190,281 1,849 192,130 135.3d5 Expenditure on: Ch8rilable activities 177,304 1.512 178,816 4LI,934 Total expènditure 177,304 1.512 178.816 40,934 Net gainsl{losses} on investments 12 3,526 11,7691 1,757 8.255 Net Sncomellexpendlturel and movement in funds 16,503 337 11.769 15,071 102.666 Reconciliation of funds- Fund balances a11 January 2024 199,572 63,654 42,809 306,035 203,369 Fund balancès at 31 December 2024 216,075 63,991 41,040 321.106 306,035 The slaleFnenl of financial activlues inclijdes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM STATEMENT OF FINANCIALACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Prior flnancial yoar Unrestricted funds 2023 Restricted Endowment funds funds 2023 2023 Total 2023 Noies Income from: Donations and legaGies Chari18ble activities Other trading activities Investments 77.678 48,731 154 7.111 77,678 48.731 154 8,782 1,671 Totsl Income 133,674 1,671 135,345 Expenditure on: Charit2ble activities 39,645 1,289 40.934 Total expenditure 39.645 1,289 40,934 Nel gainslllossesl on investments 12 8,255 8,255 Net Income and movement In funds 102,284 382 102.666 Reconciliation of funds: Fund balan$ al 1 January 2023 97,288 63,272 42,80g 203,369 Fund balances at 31 December 2023 1.572 63,654 42.809 306,035
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYfHAM BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes FSxed assets Tangible assels Investmenls 14 15 9,896 162,Q02 11,192 171,898 11,192 ¢urrent assèts Debtors Cash al bank 3nd In hand 16 26.775 154,708 279,616 23,265 181,463 302,881 Creditors= amounts falling due within on* year 17 132,2751 18,0381 Net ¢urrenl assels 149.208 294.843 Total assets less ¢ufr¥nl liabilit5¢$ 321,106 306.035 The funds of the charÈty Endowment ld$ Restricted Income fund5 Unreslricled funds 19 20 21 41,040 63,991 216,075 42,809 63,654 199,572 321,106 306,035 The finano81 stat8m8nts wer8 approved by the Iru5tees on Reverend Trustee 10-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountiny policles Charlty Informatio The Parochial Church Council of the Ecclesiastscal Parish of St John the Divine & Sl Culhbert Lytham is a body corpor8te and operates undei the Parochial Church Councils (Powers) Measure 1956 and the Chur¢h Represenlalion Rules. 1.1 Accounting cortventlo The financial statements have been prepared in accordance with the charity's goveming document, the Charities Act 2011, FRS 102 'The Financial Reporting SlandaTd appliGable in the UK and Republic ol lieland. I"FRS 102.) and the Charities SORP 'Accounling and Rèporting by Chaiilies.. Slalemenl ol Recommended Praciice applicable lo charities pweparing theiT ac¢ounls in accordance wtih the Financial Reporting Standard applicable in the UK and Republic of Iretand IFRS 1021" leffeclive 1 January 20191. The charity is a Pybiie Benefit Entity as defined by FRS 102. The charity has taken advantsge of the provisions in the SORP for char.@$ not to prepare a statneI of Cash Flows. The financial statements have departed from the Charities {Accounls and Report81 Regulations 2008 only lo Ihe extent required to piovide a true and fair view. This departijre has involved fotlowing the Slalement of Recommended Pra¢ticÈ for charities applying FRS 102 rather than the version of the Statement of Recommended Practs"ce whi¢h is referred lo in the Regulations but which has since been wthdrawn. The financial stslements are prgpared in sterling, which is the functional currency of the chartty. Monetary amounts in these financial statements are rounded to the neare$l £. The financial slalèmenls have been Pfepaied under the historical cost ConvenOn. modified to include the revaluation of certain financial instruments al fair value. The principal accounts.ng policies adopt1 are sel out below. 1.2 Golng concern Al the lime of approving the financial slalements. tho trustees have a reasonabte expectation that the charity has adequate iesour¢es lo continue in operational existence for Ihe loreseeable future. Thus the trustees continue lo adopt the goittg concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance Df their chafilable objectFves. Reslficted funds are subject lo specific condf(ions by donors or granlors as lo how they may be used. The purposes and uses of the reslricled funds 8re sel out in the notes lo the financial statemÈnis. Endowment funds are subject to specbfic conditions by donors that the capital ¥nust be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entiued lo it aftei ally performatTrce conditions have been mel, the amounts can be measured reliably, and it is probable that income will be recèived. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, tjnless perfoTmaFice conditions require deferral of the amount. Income lax recoveiable in relation to donations received under GiftAid or deeds of covenant is recognised at the tim8 of the donalioTI. 11
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles {Continuedl Legacies are recognised on receipt or otheise if the challty has been notified of an impending dkslribulion, the amount is known, and feceipt is expected. If the amounl is nol known, the legacy is treated as a contingent asset. 1.5 Expenditure Expenditltre is recognised once there is a legal or consttu¢tive obligath.on lo transfèr economic benefit lo a thifd party, it IS Pfobable that a transfer of economic benefits wll be Fequired in selllernenl, and the amount of the obligation can be measured reliably. Expenditure is classified by adivily. The costs of each activity are made up of the total of dirKI coslg and shared ¢osls, including support Costs involved in undertaking each activity. Direct costs atlribulabSe lo a single activtty are allocated direGlly to that aclivily. Shared costs which contribute to more than one activity and support costs which a not attributable lo a single activity are apportioned betweell those activities on a basis consislenl with the use of resources. Cential staff Costs are allocated on the basis of lime spent. and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are inilially measured al cost and sub5equenlly measured al cost or valuation, nel ol depreciation and any impairment losses. Depreciation is recognised so as to WTtte off the ¢osl or valuallon of assets less their fesidual values over their useful lives on the following bases.. Plant and equipment Fixtures and fitbngs 25Uk ori reducing balan 20tsk on reducing balance The gain or loss arising on thè disposal of an asset is delemined as the ditterence between the sale proceeds and the carrying valsje of the asset, and is recognised in the statement of firiancial aclivilies. 1.7 Fixed asset investments Fixed asset investmènts are initially measured at transaction price exduding ttansaclion costs, and are subsequently measured al fair value al each reporting dale. Changes in fair v81ue are recognised nel incomel{expendilL¢rel for the year. Transaction Costs are expensed as incuired. 1.8 Iwnpairment of fixed Jssèts At each reporting end dale, the charity reviews the carrying amounts of ils tangible assets lo determine whether there is any indication that those assets have suffered an impaimienl loss. If any such indation exists, the recoverable amount of the asset is estimaled in order lo determine the extent of the impaiiment loss lif any). 1.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, olhei shotkterm liquid investments with original malurthes of three months or less, and bank overdrafts. Bank Dverdrafts are shown wrthin boirowings in current liabilities. 12-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles Continuedl q.10 Financlal instruments The chanty has elecled to apply the provisions Df Section 11 'Basi¢ Financial Instrumenlg, and Section 12 'Olher Financial Instsumenls Issues, of FRS 102 to all of ils financial inslfuments. Flnancial instruments ale recognised in the charity's balance sheet when the charity becomes paty to the oontyaclual provisions of the instrument. Financial assets and liabilities are offset, wh the net amounts presented in the financial slalèments, when there is a legally enfoiceable right lo sel off the recognised amounts and there is an intention to Settle on a net basi5 or lo realise the asset and sèllle the liability simultaneously. Basic financiTal assets Basic financial assets. which include debloT5 and cash and bank balances, are initially measured at Iraftsaction price including Iransad¢on costs and are subsequèntly carried at amortised cost using the effective inlerest method unless the arrangement conslilules a finan¢ing Iransaclion. where the tiansaclion is me8sured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year aTe not amortised. Basic finaD¢lal liabilities Basic financial liabilities. including creditors and bank toans are ini118lly recognised at transaction price unless the arran9etnenl constitute5 a financing transaction. where the debt instrument is measured at the present valLÈè of the ftjlure payments disGounled al a market rale of intÈrest. Financial liabilities classified as payable within one year are not amortlsed. Debt inslNmenl$ are subsequenuy carried at amorlised cosl, using the effectivè interest rale method. Trade creditors 8re obligations lo pay for gixxls or serwces that have been acquired in the ordinary course ol opeialions from suppliers. Amounts P8y3ble are classified as current liabilities il payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al transaction price and subsequenlly measured al amortised cost using the effèctive interest rnelhod. Oerecognition of finaneial liabilities Financial liabilities arè derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.11 Employèe beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices Bre re*ve. Temiinalion benefits are recognised immediately as an expens8 when the charFty 15 demonstrably commilled to lerminale the employment of an employee or lo piowde termination benefrts. 1.12 RetiTernent benefits Payments lo defined contribution retyr&menl benefit schemes are Gharged as an expense as they f811 duè. 13-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Critical aGcountlng estimates and ludgemonts In the application of the charity's accounting policies, the trustees are required lo make judgements, estimates and assumption5 abovt the carrying amount of assets and liabilities that are not readily apparent from other SOLtrces. The Èstimates and associated assuvnptions are based on historical expefienGe and olher factors that are considered to be relevant. Actual resutts may differ from these eslimales. The estimates and LÈnderlying assumptions a reviewed on an ongoing basis. Revisions to accounting estitnates ale recognised in the period in which the eslimate is revised where the revision affects cmly that period. or in the period of the revision 8tTrd future periods where the revision affects both Current and future periods. Donations and legacles Unrestricted Unrestrlcted funds funds 2024 2023 Donations and gifts Legacies receivable Grant 100.917 32,276 75,582 2.000 96 133,193 77,678 Income frorn charitabl? activilies UnrestrittÈd Unrestricted funds funds 2024 2023 Charitable income Wedding & funeral fees Charitable rental income 29,1 L19 18,362 25,550 23,181 47,471 48,731 Incorne from other trading acuvitles UnrestriGted Unrestricted funds fund$ 2024 2023 Fundraising events 2.165 154 14-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from investments Unrestricted Restrlcted ftjnds funds 2024 202d Totsl Unrestrlcted Restricted funds funds 2023 2023 Totsl 2024 2023 Interest receiv8bl& 7,452 1,849 9,301 7.111 1,671 8,782 Expenditure on charitable a¢tlvltl8s Direct Dlrect Charitable Charilable Expenditure Expenditure 2024 2023 Direct costs Staff costs Depreciation and impaim)8nt Council lax and water InsuranGe Light & heal Repairs & mainlenanca GeneFal adminislralion incl stationery & copier Telephone Organist costs Weddings & funeral costs All8r requisites Donations Traidcraft stall Parish assessment Sundry expenses Cleaning Olh6r chaTltable expenditure 31,099 1.995 9,471 10,990 25,600 8,826 3,547 2.621 4.564 2.055 1,051 206 329 65.353 4,481 1,050 786 27.693 2.475 9.551 9.322 37,856 15,778 4.112 1,776 1,808 5,567 2,128 688 185,2031 3,270 825 876 174,024 38,522 Share of support and govemance costs Isee noto 81 Govemance 4,792 2,412 178,816 40.934 Analysls by fund Unreslricled funds Restcted funds 177.304 1,512 39,645 1,289 178,816 40,934 15-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support Costs allocated to activlties 2024 2023 Governance costs- legal & professional Govemance cosls- accountancy 3,720 1,072 2,412 4,792 2.412 Analysed between- ChaTilable activities 4,792 2,412 Net movement In funds 2024 2023 Th8 n81 movement in fund5 is stsled after Ghargin9ll¢redilingl: Fees payable for the independent examination of the chafily's fillar181 slalements DepreGialion of Dwned tangible fixed assets 1,072 1.995 2,412 2,475 10 Trustees None of the Iruslees lor any persons connected with them) received any remuneration or benefits from the tharty during the year. 11 EmployÈÈs The average monthly number of employees during the year was". 2024 Number 2023 Numbér Employment costs 2024 2023 Wages and salaries Other pension costs 30.215 26,886 807 31,099 27,693 There were no employees whose annu21 remuneration was more than £SO,LIOO. 16-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Galns and losses on investménts Unrestri¢tèd Endowment funds funds 2024 2024 Total Unrestrlcted Endowment funds funds 2023 2023 Total 2024 2023 Gainslllossesl arising on.. Revaluation of investments 3,526 {1,7691 1,757 8,255 8,255 13 Taxation The charity is exempt from laxalion on its activities because all ils income is applied for charitable purposès. 14 Tangible fixed assets Plamt and Flxtures and equtpment fithngs Totsl Cost At 1 January 2024 Addiliong 1.583 13,279 699 14,862 699 At 31 December 2024 1,583 13,978 15,561 Depreciation and impairment At 1 January 2024 Depreciation charged in the year 594 297 3.076 1.698 3.670 1,995 Al 31 Oecembar 2024 891 4,774 5,665 Carrying amount At 31 December 2024 692 9,204 9,896 Al 31 December 2023 989 10,203 11,192 17-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Flxèd asset Snvestments Unlisted Investments Cost or valuatlon At 1 January 2024 Transfer in Valuation ¢hanges 160.245 1.757 At 31 December 2024 162.002 Carrytng amount At 31 December 2024 162,002 Al 31 December 2023 Investments he by the tsyo foimer parishes prior to the merger have been Iransf8rred into the llew joint entity. 16 Debtors 2024 2023 Amounts falling due within one year: Trade deblois Other debtOT8 Prepayments and accrued in¢om8 25,732 14,668 263,480 1.468 1,043 26.775 279,616 other debtors for the prior year include the b81ance of donation of nel assets from the merger of tsvo other chuTch entities. 17 Creditors: amounts falling due wsthin one year 2024 2023 Other laxalion and social security Tiade creditors Accruals and deferred income 2,055 20,853 9,367 S54 7,384 32.275 8,038 18-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Retirement bènefit schemes 2024 2023 Defined contributlon schemes Charge lo profit or Ioss in respect gf defined contn"bulion 5¢hÈmès 884 807 The charity operates a defined Gonl¥ibution pension schème for all qualifyir¢g employees. The assets of the scheme aTe held separately from those of the charity in an independently administered fund. 19 Endowmentfunds Endowfflenl funds rep¥esenl assets which musl be hekl permanently by the ch¥iily. Income arising on the endowment ftjnds can be used in accordance with the obctS of the chaiity and is in¢luded as unrestricted inCOFne. Any capital gains or losses arising on the assets fomi part of the fund. At 1 January 2024 Galns and losses At31 Dècember 2024 Permanent endowments 42,809 11.769) 41,040 Prevlous year-. At 1 January 2023 Gains and losses At31 December 2023 Permanent endowments 42,809 42,809 19-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Restricted funds The reslricled funds of the charity comprise the unexpended balatKes of donations and grants held on trust subject to specific conditions by donors as lo how they may be userl. Njovement in funds Incoming resources Movement In funds InGoming Resources Balance at resources eXPEd 31 December 2024 Balance at 1 January 2023 Resourc25 Balanc8 at expended1 January 2024 Organ appeal Isc) Bell ftjnd {SC) Rose Queen 11,756 2,061 11.756 11.756 2,061 13.756 2.061 Isci Halllkilchen Isci Tower pointing ISC) BCP teaching 532 532 532 532 4,296 4,296 4,296 2,046 2,046 {sci 2.000 2.000 2,000 Organ Tepairs maintenance Isci ChildTens work ISC) Sundry stnaller funds Julia Bell worship ISC) Youth club 1,050 1,050 1,050 100 100 100 440 440 440 692 692 692 Isci 1.189 1,189 1,189 streaming equipment Isci Ladies Circle fund ISJI Alarm grant 1.444 {1441 1.300 11311 1,169 717 717 717 Isc) 1,000 1,000 1,000 Building fund IsJ} 20,361 291 18051 19,847 334 20.181 Carpet fijnd Isc} Carpel fund (Jointi Rose Queen {sJi Organ appeal ISJI 100 100 100 100 247 247 247 247 12,610 12,610 13401 13,640 1,502 11,3811 13,761 631 631 641 13 654 63,272 1,671 {1,2891 e3,654 1,849 11,5121 63,991 -20-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Unrestrlcted funds The ur5reslricted funds of the charity comprise the unexpended balances of donations and grants which are not subiect lo specifrc conditions by donors and grantors as lo how they may be Lfsed. Thèse include designated funds which have been sel aside out of nstrIcted ftjnds by the Iruslees for specific purposes. At 1 January 2024 Incoming Tesource5 Resources expended Gains and losses At31 Dember 2024 Organ fvnd Genèral ftjnds 20,000 170,281 20,000 196,075 199,572 {177,3041 3,526 199,572 190,281 1177,3041 3.526 216,075 Previous year.. At 1 January 2023 Incoming resources Resources expend&d Galns and losses At31 December 2023 General funds 97,288 133.674 139,645} 8.255 199,572 The PCC have designated a legacy received during the year of £20,000 towards the cost of a new organ. 22 Analysis of net assets beljveen funds Unrestrlcted funds 2024 Restricted Endowment fvnds funds 2024 2024 Total 2024 At 31 December 2024: Tangible assets Investments Current assetsllliabilitses) 8,727 120.962 86.386 1,169 9,896 162,002 149,208 41,040 62,822 216,075 63.991 41,040 321.106 21
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE DIVINE & ST CUTHBERT LYTHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 Analysis of net assets between funds {Contlnued) Unrestrict funds 2023 Restrictèd Endovnnent funds nds 2023 2023 Total 2023 At 31 December 2023: Tangible assèts Cuent assetsllliabililies) 9,893 189.679 1,299 62,355 11.192 294.843 42,809 199,572 63,654 42,809 3,035