ST HILDA S CHURCH, HUNTS CROSS, LIVERPOOL. Annual Report and Financial Statements for the Year Ended 31 December 2013

ST HILDA’S CHURCH, HUNTS CROSS, LIVERPOOL Annual Report and Financial Statements for the Year Ended 31 December 2013 Team Vicar, Halewood and Hunts C...
Author: Derick Lee
33 downloads 0 Views 269KB Size
ST HILDA’S CHURCH, HUNTS CROSS, LIVERPOOL Annual Report and Financial Statements for the Year Ended 31 December 2013

Team Vicar, Halewood and Hunts Cross Team: The Reverend Jane Durham 7 Kingsmead Drive Hunts Cross Liverpool L25 0NG t-0151 486 4060(church office)

Independent Examiner: Julie Guinan FCCA Harvey Guinan Chartered Certified Accountants 310/311 Vanilla Factory 39 Fleet Street Liverpool L1 4AR t 0151 709 7797 f 0151 709 5880 e [email protected]

Page | 1

St. Hilda's Church Hunts Cross, Liverpool Annual Report and Financial Statements for the Year Ended 31 December 2013 CONTENTS PAGE Reference and Administrative Information

3

Annual Report of the PCC

4

Independent Examiner’s Report

10

Balance Sheet

11

Statement of Financial Activities

12

Notes to the Accounts

13

Page | 2

St. Hilda's Church Hunts Cross, Liverpool Annual Report and Financial Statements for the Year Ended 31 December 2013 Reference and Administrative Information St Hilda’s Church is located in Hunts Cross, South Liverpool. It is part of the Diocese of Liverpool within the Church of England. The correspondence address is The Vicarage, 7 Kingsmead Drive, Hunts Cross, Liverpool, L25 0NG PCC members who have served from 1 January 2013 until the date this report was approved are: Team Vicar: Reverend Jane Durham Chairperson Associate Minister Reverend Keith Hitchman (from June 2013) Wardens:

David Richardson

Representatives on The Deanery Synod

Mal Tyndall, Julie Guinan Elected members:

Carole Dunmore George Dunmore Clive Durham Joan Flaherty Michael Jacks Ian Kerwick Carole Lawrenson Jennifer Leeuwangh Colin Moss Judith Stewart Mal Tyndall Stuart Hilton Bankers

(Resigned 2013) (Resigned 2013) (2015) (2014)Treasurer & Secretary (2016) (2014) (2014) Secretary(resigned) (2016) (until April 2013) (2015) (2016) (2016) Barclays Bank PLC Hunts Cross, Liverpool CCLA Investment Management Ltd The CBF Church of England Deposit Fund London EC2V 6DZ

Team Vicar

The Reverend Jane Durham The Vicarage 7 Kingsmead Drive Hunts Cross Liverpool, L25 0NG

Independent Examiner

Julie Guinan FCCA Harvey Guinan Chartered Certified Accountants 310/311 Vanilla Factory 39 Fleet Street Liverpool L1 4AR Page | 3

St. Hilda's Church Hunts Cross, Liverpool Annual Report and Financial Statements for the Year Ended 31 December 2013

The PCC present the Annual Report for the year ended 31 December 2013. Structure, Governance and Management The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is excepted by order from registering with the Charity Commission. The method of appointment of PCC members is governed by and set out in the Church Representation Rules. The PCC actively encourages Church members to register on the Electoral Roll and stand for election to the PCC. PCC members have a wide range of skills including experience in further education, health, business, teaching, counselling, finance and senior management. Where training needs are identified to handle PCC issues and responsibilities, relevant training delivered by specialists is arranged. Certain members have undertaken training in finance and charity matters. The PCC operates through a number of committees, which meet between full meetings of the PCC: Standing Committee This is the only committee required by law. It has the power to transact the business of the PCC between its meetings subject to directions given by the PCC. Membership of this committee comprises: PCC Treasurer, PCC Secretary, Churchwardens, Hall Secretary and Team Vicar (Chair). In addition Mike Jacks was elected to the committee from April 2013. Finance and Fabric Committee The members of this committee monitor income and expenditure of a revenue and capital nature and manage, as directed by the full PCC, certain financial affairs of the parish. This Committee oversees the maintenance and upkeep of the church buildings and grounds. The members of this committee are: PCC Treasurer, Churchwarden, Hall Secretary, and Ian Kerwick. Social Committee This Committee arranges the social life and events of the parish for the benefit of all. The members include: Mal Tyndall and Carole Dunmore and Judith Kerwick Beryl Collings and Leanne Hilton as co-opted. Risk Assessment The PCC confirms that it has in place systems and procedures established to manage and mitigate the risks to which it is exposed and that these risks are regularly reviewed in the light of current circumstances by appropriate PCC members or advisers. Objectives and Activities The primary object of the PCC is the promotion of the Gospel of our Lord Jesus Christ according to doctrines and practices of the Church of England. When planning our activities for the year, the PCC gave consideration to the Charity Commission’s guidance on public benefit and, in particular, the specific guidance to charities concerned with the advancement of religion. St Hilda's Church PCC and Wardens co-operate through working in partnership with the Reverend Jane Durham, fully committed by faith to a Christian mission for growth of the whole church, pastoral, evangelistic, social and ecumenical. Page | 4

St. Hilda's Church Hunts Cross, Liverpool Annual Report and Financial Statements for the Year Ended 31 December 2013 Objectives and Activities- continued In 2013 we continued to focus on the aims and objectives as outlined in the Bishop’s Growth Agenda of 2012 namely: •

To update and improve our welcome card, and look at how the entrance can be improved



Explore setting up a Pastoral Care team



Run 3 – 4 short courses in addition to our homegroup, including Moving on, a follow on to Start!



Encourage prayer triplets



Establish an All Age Worship Team



Use a gift array to discern gifts of congregation members



Take part in the Big Jubilee Lunch on 3 June 2013 with St Columba’s



In addition we plan a wider review of our worship

rd

During 2013 we focused particularly on All Age worship provision, developing the prayer life of the church and our ongoing community relations. In addition Jane Durham will attend the Diocesan School of Leadership between January and March 2013, which will help to determine the future plans and objectives of the parish. The PCC is hugely grateful for the generous support that it receives from church volunteers. Each year the PCC plan to commit on average 10% of its regular income, via the Warden’s account to payment of donations to charities at home and abroad. This policy is in furtherance of our concern for issues outside our Church and our responsibility for the needs of the wider church and community. Payments are made after careful consideration of our knowledge of local and global needs at the time. In addition the Church responds to needs at home and abroad by arranging special fundraising collections for specific purposes each year. Achievements and Performance The new PCC held an away day at St Peter’s Woolton in May 2013, led by the Rev’d Malcolm Chamberlain which built on the Away Day of 2012, and focussed particularly on our values and vision, the work from that day was then taken by the Standing committee and PCC to beg the process of constructing a vision and values document, which will form the plan and focus of ministry from 2014 - 2020. We are grateful to all who took part in this day and to Malcolm for his leadership of us on that occasion. Worshipping Life In June 2013 the Rev’d Keith Hitchman, Liverpool City Missioner was formally welcomed to the Halewood and Hunts Cross team by Archdeacon Ricky Panter. Keith brings new skills and insights to the team leadership and ministry and we appreciate his time and ministry among us. He is in the team, predominantly at St Hilda’s for Sunday worship and other events and meetings as appropriate. Building on the worship review of 2012 the PCC decided to explore the option of starting a parallel morning service at 11am in the Church Hall, initially on a six month trial from October 2013 to May 2014 (allowing time for holidays and the election of the PCC in April 2014). We were assisted by the Rev’d Canon Richard White, Canon for Mission and Evangelism at Liverpool Cathedral to think through some of the issues, and following several meetings ‘Platform 2’ began th on Sunday 6 October 2013. This is an All Age Café Style Interactive service that takes place Page | 5

St. Hilda's Church Hunts Cross, Liverpool Annual Report and Financial Statements for the Year Ended 31 December 2013 Achievements and Performance continued instead of JaM or previous provision for children and young people. In the first three months the feedback was generally positive, and the worshipping numbers stable or growing slightly, particularly the numbers of under 16s present at worship. Platform 2 would not happen without a number of dedicated volunteers who have put in extra time for meeting, setting up, clearing away and welcoming or providing tea, coffee and toast for all who come. The church continues to be open for prayer four mornings a week between 8.30am and 9am, as well as Wednesday and Sunday worship. The Reverend Arthur Robinson has continued to assist with services until August 2013, when he left to return to his roots in a church outside the Anglican Communion. We are grateful to him and his wife Helen for all that they contributed to St Hilda’s over 13 years. Their ministry was acknowledged through voluntary donations and a card expressing the thanks of the church. Our worship has also continued to be enriched as we work with other members of the Halewood and Hunts Cross Team Following the electoral roll renewal in 2013 there were 140 members, The Usual Sunday Attendance figures for each quarter were: Quarter Jan – Mar April – June July – Sept Oct - Dec Year Average

2013 1023 825 883 969 925

2012 959 1117 1087 1204 1092

During the year we have baptized 7 babies and 5 young children (under10). In addition we presented 3 adults for confirmation. There was 1 wedding, and 29 funerals taken by St Hilda’s clergy in either church or at Springwood Crematorium Music in worship has varied throughout the year. Liz Morton and Val Pescaglia have both continued to play the organ and we are grateful to them. Liz formally stood down from playing weekly after Easter, but has continued to play at least once a month, and at Christmas. Following Lino Pescaglia’s death Val has returned to playing more often and the church invested in a full set of No Organist No Problem, linked to our hymn books for the Sundays that we do not have an organist. Platform 2 also makes good use of these CDs, and music from the internet. On Sunday mornings we have facilities for a crèche although small children often remain in church. JAM, functioned until the summer with over 20 children now on the books. Julie Guinan and team continued to lead this group and the children enjoyed their time together. Messy Church Messy Church began during 2010, and continued in 2013. Messy Church met four times. We anticipate that Platform 2 is a way to connect with those who come asking for baptism. Team Events The evening congregations worship together on the first Sunday evening of most months, rotating between the three churches. Leaders regularly meet informally on a Thursday morning and monthly on Monday evenings. All members of the team meet together at an annual away day. Members of all three churches met for the Passover meal on Maundy Thursday, and for Good Page | 6

St. Hilda's Church Hunts Cross, Liverpool Annual Report and Financial Statements for the Year Ended 31 December 2013 Friday. In addition we support one another with cover for midweek services and funerals. Confirmation preparation happens across the team. Ecumenical Links Ecumenical links continue to be developed. Churches Together in Halewood and Hunts Cross worshipped together at the new Ravenscourt shops in Halewood on Good Friday. The relationship between St Hilda’s and St Columba’s has been strengthened through Messy Church and members attendance at St Columba’s Coffee pot. The local churches together group meets occasionally and we have a representative on the planning group for the Woman’s World Day of Prayer. Kingfishers The kingfishers group for parents and carers of pre-school age children has continued with 20 families registered. They had a Christmas party, the annual outing to Farmer Ted’s and a farewell party for those leaving to go to school. Local Community Involvement Jane Durham, the Team Vicar, continues as a Governor at Hunts Cross School, re-elected as vice chair in September 2013. Jane continues to sit on the board of the Children’s centre and it continues to use the church hall for some of the activities. We have offered particular support to the Childminder Network who meet in the church hall on a Wednesday morning Church & Hall Fabric The Church and Church Hall are generally in a good structural condition although after some years of a steady state there are now many items of repair and maintenance required to safeguard the buildings longer term future. This should and then avoid larger expenditure requirements if deterioration is not attended to and lead to major issues in the long term. The church was inspected by our quinquennial architect Mr Robin Wooley in September 2012. His report has recommended a number of issues requiring attention based around a one year, two year and five year programme of maintenance. In addition the large black pine tree outside the extension on Speke Road has continued to cause extensive mould and damp inside the extension as well as damage to the rainwater discharge system and damage to drains and flagging. Following the granting of a faculty it was cut down in early 2013. We have also had to consider the safety of the metal railings on top of the Speke Road boundary wall following an incident and they were modified following the quinquenial recommendation in 2013. The majority of these requirements are of a general maintenance nature but some if not taken care of could lead to larger problems in future. In past times many of the jobs have been undertaken on a voluntary basis by working parties over the spring / summer /autumn periods. This is becoming increasingly difficult to achieve due to the health and age range of many of the past volunteers and may in some of the more urgent requirements require contractors to be employed. Many of the higher cost items require specialist contractors to undertake the work and at the time of writing the electrical repairs and fire alarm installations have been completed by specialists and full certification is now in place. The costs will obviously reduce if some of the less specialist items can be carried out on a voluntary basis. Page | 7

St. Hilda's Church Hunts Cross, Liverpool Annual Report and Financial Statements for the Year Ended 31 December 2013 Church & Hall Fabric continued The works required can be broken down into smaller elements of work and posted on the Church notice board should anybody wish to volunteer to do any of the jobs please contact David Richardson with any offers of help. Obviously the Church will endeavour to purchase any materials required. Financial Stability Our giving has continued to encourage us as people give sacrificially towards the life of the church, although a number of active givers left the church during the year and we need to revisit the Giving in Grace material. The Mother’s Union coffee mornings also raised money for the provision of baptism Bibles for which we are grateful. Older generation Colin Kay and team have continued to lead a service at Arncliffe Residential Home each month, with a special one at Christmas. In addition, Holy Communion is taken to Maple Lodge each month, along with a number of individual homes. We are grateful to Peter Leeuwangh who has continued to take on much of this responsibility. The monthly fellowship lunch, has continued to be an encouragement to those who come and there have been a wide range of speakers, from church leaders to missionaries on leave and others known to members of the group. Pastoral There have been a number of pastoral issues during the year and we give thanks for the lives of former Church members. We offer our condolences to the families and friends of those who have died. The annual service for those who have been bereaved has continued to be appreciated by those who attend. Several members of our congregation have been unwell during the year and we have continued to offer prayer for healing once a month at a service of Holy Communion. Mission Once again St Hilda’s took part in Christian Aid week, the annual door to door collection. The church has also continued to support missions and charities from income received. Collections for Christian Aid and Tear Fund were undertaken during the year and income remitted directly to the Charities concerned not passing through Church accounts. Mothers’ Union The MU at St Hilda’s has continued to meet. Owing to illness they are now led by a committee but have continued to raise money for the Children’s Bibles given out at Baptism, to support the Kingfisher Group and to encourage others through their monthly meeting. Deanery St Hilda’s is a part of Liverpool South Deanery and the deanery has begun to consider how to respond to the next stage in the plan to enable mission to happen in local communities. This is almost certainly going to mean changes in leadership and ways of working across the deanery. Other Groups Forget Me Nots a friendship group including those experiencing the loss of a loved one continued. A new men’s group was started too during the year and plans are in place to develop this ministry. Page | 8

St. Hilda's Church Hunts Cross, Liverpool Annual Report and Financial Statements for the Year Ended 31 December 2013 Future Plans: The plans for 2014 will form a part of the overall strategy document ‘Vision and Values’ a particular focus of the year will be our worship as we seek to: •

Establish and embed Platform 1 & 2 in the life of the church



Develop a strategy for prayer linked to church vision & values



Hold H+ (A Bible Society Course) as a way of teaching basic Biblical interpretation, leading to establishment of a new group



Use Lent as another opportunity to establish a group



Stewardship: personally thank all those who have planned giving and ask them & others to reconsider their giving



Run one short beginners course with meal



Complete Child Friendly Church award



Hold Experience Christmas/Remembrance event in the autumn term

Financial Review Total Incoming resources were £57,548 (2012 £65,276). Total outgoing resources were £54,732 (2012 £62,326). The net incoming resources for the year were £2,816 (2012 £2,950). Funds carried forward at 31 December 2013 were £353,571 (2012 £350,755) comprising General Funds £60,921 (2012 £58,105), Church Hall Fund £264,000 (2012 £264,000) and the Designated Funds of £28,650 (2012 £28,650) Reserves Policy The PCC has always aimed to maintain a modest level of positive reserves for sustainability. In order to protect this balance specific fund raising has been undertaken each year for items of major expenditure. Due to the receipt of legacy funds in recent years reserves have significantly increased and the PCC will endeavour to review its reserve policy in the future. Free reserves at 31 December 2013 were £60,921 (2012 £58,105) as detailed in note 9. These accounts and report were agreed by the PCC on 24 March 2014 and are signed on their Behalf by:

Reverend Jane Durham (Chair of PCC) Date: 24 March 2014

David Richardson (Church Warden) Date: 24 March 2014

Page | 9

St. Hilda's Church Hunts Cross, Liverpool Annual Report and Financial Statements for the Year Ended 31 December 2013 Independent Examiner’s Report to the members of the PCC of St. Hilda's Church. I report on the accounts for the year ended 31 December 2013 on pages 11 to 18. Respective responsibilities of the PCC and the examiner The PCC consider that an audit is not required for this year under section 144 (2) of the charities act 2011 (the 2011 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 commissioners section 145 (5) (b) of the 2011 Act; • 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 Commission. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. Independent examiner’s statement In connection with my examination, no matter has come to my attention: (1) 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; or

-

to prepare financial statements which accord with the accounting records and comply with the requirements of the Act and methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or (2)

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Julie Guinan FCCA Harvey Guinan Chartered Certified Accountants 310/311Vanilla Factory 39 Fleet Street Liverpool L1 4AR 24 March 2014 Page | 10

St. Hilda's Church Hunts Cross, Liverpool Annual Report and Financial Statements for the Year Ended 31 December 2013

Balance Sheet As At 31 December 2013 Fixed Assets Tangible

Note

2013

2012

5

264,161 264,241

Current Assets Debtors Cash at Bank and in Hand

6

5,924 4,936 86,765 83,130 ------------- ------------92,689 88,066

Less: Creditors due within one year

7

Net current assets

(3,279)

(1,552)

89,410

86,514

Total Assets less Current Liabilities

353,571 350,755

Net Assets

353,571 350,755

Funds Unrestricted Restricted

9 10

353,571 350,755 353,571 350,755

Approved by the Parochial Church Council on 24 March 2014 and signed on its behalf by:

David Richardson Warden

The Reverend Jane Durham (PCC Chair) The notes on Pages 13 to 18 form part of these financial statements.

Page | 11

St. Hilda's Church Hunts Cross, Liverpool Annual Report and Financial Statements for the Year Ended 31 December 2013

Statement of Financial Activities For the Year ended 31 December 2013 Note Un restricted Funds INCOMING RESOURCES

Restricted Total Funds 2013

Total 2012

2

Voluntary Income Activities for Generating Funds Income from Investments Church Activities TOTAL INCOMING RESOURCES

42,943 10,897 335 3,189 57,364

184 184

43,127 10,897 335 3,189 57,548

49,368 12,312 519 3,077 65,276

174 2,467 51,907

184

174 2,467 52,091

170 2,481 59,675

54,548

184

54,732

62,326

2,816

-

2,816

2,950

BALANCE BROUGHT FORWARD 1 JANUARY 2013

350,755

-

350,755

347,805

BALANCE CARRIED FORWARD AT 31 DECEMBER 2013

353,571

-

353,571

350,755

RESOURCES EXPENDED Costs of Generating Voluntary Income Fundraising Trading Costs Church Activities TOTAL RESOURCES EXPENDED

NET INCOMING /(OUTGOING) RESOURCES

3

The notes on pages 13 to 18 form part of these financial statements.

Page | 12

St. Hilda's Church Hunts Cross, Liverpool Annual Report and Financial Statements for the Year Ended 31 December 2013 Notes to the Accounts For The Year Ended 31 December 2013 1.1 Accounting Policies The financial statements of the PCC have been prepared on an accruals basis, in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the SORP 2005. The accounts are prepared under the historical cost convention except for the valuation of Freehold Buildings which are shown at trustees’ valuation. 1.2. Fixed Assets Accounting Policy Consecrated Land and Buildings and Movable Church Furnishings Consecrated land and beneficed property is excluded from the accounts in accordance with the Charities Act. No value is placed on movable church furnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be an inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings whether maintenance or improvements is written off in the Statement of Financial Activities and separately disclosed. No cost information exists for the Church Hall so it is included at a valuation regarded as the asset’s initial carrying amount for the purpose of the accounts based upon 60% of the insured value in 2006 when first introduced into the accounts in 2006. It is the PCC’s intention to seek a professional valuation if required. The Church Hall has not been depreciated on the grounds that there is no impairment in value and this policy will be reviewed each year. Depreciation is provided on equipment at 25% straight line to write off the cost of the asset over its estimated useful life. 1.3. Funds Policy Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application to the general purposes of the PCC. These include funds designated for a particular purpose by the PCC. The purpose of any restricted funds is noted in the accounts. Restricted funds represent donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific objects for which they were given. The accounts include monetary transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of other church groups that owe an affiliation to another body, nor those that are informal gatherings of church members. Subject to the above, income includes amounts received and receivable and expenditure includes amounts paid and payable. 1.4. Leasing Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

Page | 13

St. Hilda's Church Hunts Cross, Liverpool Annual Report and Financial Statements for the Year Ended 31 December 2013 Notes to the Accounts Continued For The Year Ended 31 December 2013 1.5 Incoming Resources Voluntary Income and Capital Sources. Collections are recognised when received by or on behalf of the PCC. Planned giving under gift aid is recognised only when received. Income Tax recoverable on gift aid donations is recognised when the net donations are received. Hence the figure for Income Tax recoverable in the accounts, includes amounts received and receivable. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due. Sales of books from the bookstall are stated gross. Rental Income Rental income from the letting of the Church Hall premises is recognised in the accounts when the rent is due. Bank Interest Bank interest is accounted for when received. 1.6 Current Assets Amounts owing to the PCC at 31 December 2013 in respect of rents are shown as debtors. Income Tax Recoverable is also in debtors at the year end for tax due on income recognised in the accounts and received post year end. 2. Incoming Resources YEAR ENDED 31 DECEMBER 2013 INCOMING RESOURCES Voluntary Income Tax Efficient Planned Giving Other Planned Giving Loose Plate Collections All Income Tax recoverable Donations Parish Magazine Kingfisher Collections Sundry Donations Activities for Generating funds Hall Rental Income

2013 2013 Un Restricted Restricted

2013 TOTAL

2012

21,541 9,232 2,840 6,292 115 414 2,509 42,943

184 184

21,541 9,232 2,840 6,292 115 414 2,693 43,127

23,472 10,059 3,086 6,433 129 442 5,747 49,368

10,897 10,897

-

10,897 10,897

12,312 12,312

Page | 14

St. Hilda's Church Hunts Cross, Liverpool Annual Report and Financial Statements for the Year Ended 31 December 2013

Notes to the Accounts Continued For The Year Ended 31 December 2013 2. Incoming Resources continued Income from Church Activities: Investment Income Interest Receivable

Church Activities Lunch Club Contributions Wedding, Funeral and Certificate Fees TOTAL INCOMING RESOURCES

Unrestricted Restricted 2013 2013

335 335

-

Total 2013

Total 2012

335 335

519 519

968 2,221 3,189

-

968 2,221 3,189

1,259 1,818 3,077

57,364

184

57,548

65,276

3. Resources Expended YEAR ENDED 31 DECEMBER 2013

RESOURCES EXPENDED Costs of Generating Voluntary Income Stationery – Gift Envelopes Fund – raising trading-other costs Cleaner

Church Activities Parish Share Clergy Expenses General and Water Rate Working Expenses Vicar’s Discretionary

2013 Un Restricted

2013 Restricted

2013 TOTAL

2012

174 174

-

174 174

170 170

2,467 2,467

-

2,467 2,467

2,481 2,481

26,410 26,410

-

26,410 26,410

25,967 25,967

2,270 1,641 300 4,211

-

2,270 1,641 300 4,211

2,366 894 152 3,412

Page | 15

St. Hilda's Church Hunts Cross, Liverpool Annual Report and Financial Statements for the Year Ended 31 December 2013 Notes to the Accounts Continued For The Year Ended 31 December 2013 3. Resources Expended continued Church Activities - Continued Church Running Expenses Heat and Light Insurance Upkeep of Services Gardening Office IT and Supplies Expenses Young People Books Materials & Expenses Other Ordinary Parish Expenditure Computer and Internet Lunch Club Food Costs Office Telephone Organ Tuning and Repair Photocopying Costs Depreciation Other Salaries & Honoraria Employer’s NIC

Unrestricted Restricted 2013 2013

Total 2013

Total 2012

4,183 1,822 1,961 720 1,544 607 100 184 668 336 120 2,648 80 14,973

-

4,183 1,822 1,961 720 1,544 607 100 184 668 336 120 2,648 80 14,973

3,048 1,481 600 735 760 1,310 596 168 711 336 192 2,946 80 2,115 15,078

258 687 141 434 1,520

-

258 687 141 434 1,520

1,297 491 130 896 2,814

1,306 1,306

-

1,306 1,306

7,439 7,439

108 108

-

108 108

6 24 30

1,500 1,879 3,379

184 184

1,500 2,063 3,563

2,565 2,370 4,935

Total Church Activities

51,907

184

52,091

59,675

TOTAL RESOURCES EXPENDED

54,548

184

54,732

62,326

Church Hall Ecclesiastical Insurance Heat and Light Water Rates Repairs and Renewals/Maintenance Church Maintenance and Fabric Church Repairs and maintenance Management and Administration Bank Charges Printing and Stationery CHARITABLE DONATIONS Payments to Charities Home Payments to Charities Overseas

4. Wages and salaries Cleaner and Pastoral Wages

2013

2012

2,467 ======

4,596 ======

No member of the PCC receives remuneration for their services.

Page | 16

St. Hilda's Church Hunts Cross, Liverpool Annual Report and Financial Statements for the Year Ended 31 December 2013 Notes to the Accounts Continued For The Year Ended 31 December 2013 5. Tangible Fixed Assets Fixed Assets for use by the PCC Trustees Valuation/Cost at 1 January 2013 Additions Trustees Valuation/Cost at 31 December 2013

Freehold Property

Equipment

Total

264,000 -

1,609 -

265,609 -

264,000

1,609

265,609

Depreciation At 1 January 2013 Charge for year At 31 December 2013

-

1,368 80 1,448

1,368 80 1,448

Net Book Value At 31 December 2013 At 31 December 2012

264,000 264,000

161 241

264,161 264,241

The Church Hall was capitalised at 31 December 2006 and brought into the accounts at a valuation representing 60% of the insured amount in 2006 as the original cost or estimated value when acquired by the PCC is not ascertainable as the asset has been held and used for some years. The valuation of £264,000 is considered the initial carrying amount for the Church Hall for the accounts purposes and this value is included in Fixed Assets and Unrestricted Funds as at 31 December 2013 and also in the comparative figures as at 31 December 2012. It is the PCC’s intention to seek a professional valuation if required. 6. Debtors 2013 2012 Income Tax Recoverable 3,001 3,100 Other Debtors-Hall Rent 2,923 1,713 Sundry Debtor 123 --------------------5,924 4,936 ====== ====== 7. Creditors Due Within One Year 2013 2012 Accruals 3,279 1,552 --------------------3,279 1,552 ====== ====== 8. Analysis of Net Assets by fund at 31 December 2013 General /Hall Designated Restricted Total Fund Funds Funds Funds Fixed Assets Current Assets Current Liabilities

264,161 64,039 (3,279) ----------324,921 ======

28,650 ----------28,650 ====== Note 9

----------====== Note 10

264,161 92,689 (3,279) ----------353,571 ======

Page | 17

St. Hilda's Church Hunts Cross, Liverpool Annual Report and Financial Statements for the Year Ended 31 December 2013 Notes to the Accounts Continued for the Year Ended 31 December 2013 9. Unrestricted Funds (including designated funds) General Designated Church Hall Fund Funds Fund Balance at 1 January 2013 Movement in funds for the year Balance at 31 December 2013

Total Funds

58,105

28,650

264,000

350,755

2,816 ----------60,921 ======

----------28,650 ======

----------264,000 ======

2,816 ----------353,571 ======

Designated Funds

Organ Fund Made a difference to Christian Life and Growth fund

At 01/01/13

Incoming Resources

Outgoing Resources

Transfer

134 28,516

-

-

-

Total Funds 31/12/13 134 28,516

-----------28,650 =======

-----------=======

-----------=======

----------======

-------28,650 =====

The Organ fund is to maintain the church organ. The designated fund is for Church Activity considered to make a difference to Christian Life and Growth of St Hilda’s Church Hunts Cross. 10. Restricted funds

Restricted funds Total

At 01/01/13

Incoming Resources

Outgoing Resources

Transfer

-----------=======

-----------=======

-----------=======

----------======

Total Funds 31/12/13 -------=====

At 31 December 2013 there were no restricted funds held (2012 £nil). 11. Capital Commitments Authorised and contracted at the year ended 31 December 2013 £Nil (2012 £ Nil). 12. Agent Transactions The PCC acted as a financial agent for the following people/organizations: Rev J Durham - £5,424 (2012 £ 3,042) was received in regard to Assigned Fees for Weddings and funerals and this money was forwarded to the diocese of Liverpool. Organists - £695 (2012 £520) was received from funeral directors and wedding couples in regard to funerals and weddings respectively. This money was directly passed on to the appropriate individuals. 13. Leasing Commitments At 31 December 2013 the church had annual commitments under non-cancellable operating leases as follows: Expiry date: 2013 2012 Between One and five years £1,438 £1,438

JG/HG3/HGC/St Hilda/2014/St Hildas Accounts 31 December 2013.doc

Page | 18

Suggest Documents