ALL SAINTS. CH RCH - FOUR OAKS FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31st DECEMBER 2024 INCUMBENT: Rev Leann• Carr 26 All Saints Drlvo Four Oaks Sutton Coldfleld B74 4AG BANKERS.. (CHURCH} H.S.B.C. BANK P.L.C. 114 High Street Stourbrldgg DY8 1DZ {CENTREI H.S.B.C. BANK P.L.C. 67 The Parade Sutton Coldfield B72 1PD INDEPENDENT EXAMINER Stephen Hendy Data Developments (UK) Llmlted First Floor The Chubb Bulldlng F￿r Stregt Wolwrhampton WV1 1HT Rggistered Charty Numbor: 1127355 CONTENTS Item Page No. Annual Report Independent Examiner's Report 12 Statement of Financial Activities 13 Balance Sheet 14 Accounting Policies 15 Notes to the Financial Statements 18 ALL SAINTS, CHURCH FOUR OAKS surroN COLDFIELD ANNUAL REPORT 2024 AIM AND PURPOSES All Saints Four Oaks Parochial Church Council IPCCI has the responsibility of co-operating wth the incumbent in promoting in the ecclesiastical parish. the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Our incumbent, the Reverend Leanne Carr is Oversight Minister of All Saints and our neighbouring parish, St James,, Hill. The PCC also has responsibility for maintaining the church buil¢Jing and Al Saints, Church Centre and grounds, including the community building and storage building which are occupied under licence by the Scout and Guide groups affiliated lo All Saints, together with the Curate's House at 2 Knightsbridge Close. OBJECTIVES AND ACTIVITIES The PCC is commilled lo enabling as many people as possible to share our worship and to become part of the parish community at Al Saints. The aim is lo offer services to involve the many group5 that live with1￿ our local area. Our worship, both in formal services and more relaxed activities such as Messy Church, puls faith into practice through prayer and scripture, music and sacrament. The PCC also co-ordinates our mission work, both within the parish and further afield. There are currently two sub-committees which report to the PCC. These are the Children and Families committee which focuses on the inclusion of young people wthin the Al Saints, family, and the Charities commilleo which recommend5 the allocation of funds raised for mission and charity work. For the early part of the year there was a Church Centre committee which supervised the Centre staff and oversaw the operation of the Centre generally. The PCC is currently in the process of re4)rganising Ihe operation of the Cenlre. There is also a Pastoral team which assists with pastoral care of those in need, particularly the sick and infirm, and works in conjunction with the incumbent. 11 is likely that the structure and function of PCC sutKommittees will be reviewed by the Vicar In the coming months. When planning our activities for the year, we have Gonsidered the Charity Commission's guidance on public benefit, and especi211y the supplementary guidance on charities for the advancement of religion. In particular, we try lo enable ordinary people lo live out their faith as part of our parish community through.. Worship and prayer, learning about the Gospel and developing their knovledge and trust in Jesus Christ. Provision of pastoral care for people INing in the parish. Missionary and outreach work To facililale this work, the PCC understands that it is important that the fabri¢ of the church building, the Church Centre 2nd the community buildings is regulady maintained. In order to identrfy any risks in relation lo buildings, professional quinquennial inspections are performed. The lalesl inspection of the Church was held in August 2024, and confirmed that the building has been well maintained in the past. The minor maintenance works recommended will be completed in the coming months. Professional inspections of electrical systems, gas boilers. fire extinguishers and the church lightning condudor are also performed periodically, and insurance arrangements regularly updal8d. As an added security measure. the Church Centre is covered by CCTV. The PCC has also pul in place a Health and Safety policy ané a Safeguarding policy to which Centre hirers are requiTed to adhere, a Privacy policy, a Risk policy and policies for responding lo Domestic Abuse, Lone Workers, Employment of Ex-offenders and Whistle-blowers. All policies are reviewed and updated annually. Separate funds a￿ kept for the maintenance of buildings, the organ and the Curate's House. ACHIEVEMENTS AND PERFORMANCE The parish continued lo benefit from the assistance given by the Rev'd Roger Sheppard until he retired from ministry late in the year. We are very grateful for his contribution lo the lrfe of All Saints for many years. In September we welcomed the Rev'd Simon Cocks as Associate Priest for All Saints and Sl James,. and he is proving a valuable member of the leadership team. We are also grateful lo the lay members of our congregation who assisted with All Age and Messy Church services early in the year, and who provide ministry in our local schools. Vvorshlp, Music and Disciploship The PCC aims lo offer a range of services in a variety of stoes during the week and over the course of the year, that our community find bolh beneficial and spiritually fulfilling. All are welcome lo attend our regular services. In accordance with the Church Representation Rules 2022, the Electoral Roll was updated prior to the 2024 Annual Parochial Church Meeting (APCMI held in April and listed 105 members {111 members in April 20231. Followng the introduction of Zoom services during the pandemic lockdowns, hybrid Sunday morning services held in church bul also available on Zoom have generally been continued throughout the year. Other services are made available on Zoom where possible. The purchase of upgraded audio- visual equipment for the church continues to be investigated, in order lo provide the best possible experience for church members both in church and at home. Wednesday morning services, normally a Communion seryice, have continued to be popular, and provide a quieter more reflective experience. We have been pleased lo welcome several members of St James church lo these services. A wider range of services, iricluding midday prayers al St James, and evening prayer al All Saints are being introduced in 2025. Monthly Messy Church services have continued on the Second Saturday of the month throughout 2024, with a good number of families attending on a regular basis and new families joining most months. The sessions comprise several themed aclivilies in the Centre, followed by a short worship time in Church. then lea back in the Cenlre. We have benefitted from a regular helper from St James. and several members of our congregation help with food and aclivilies. All are welcome lo join these services, with or wilhoul youngsters. On Good Friday a Messy Easter Breakfast was attended by several Messy Church families as well as members of our regular Sunday congregation, followed by the Walk of Wilness lo Mere Green lo allend the ecumenical service outside Sl James,. Messy Church families were also invited to the palronal festival brunch. PCC continues lo look for ways of slrenglhening the connection belween Messy Church families and the Sunday and Wednesday congregations. A weekly Lent course was held al St James,, daily services were available al All Saints in Holy Week and a sunrise service was held al All Saints on Easter Day followed by breakfast. The Mothering Sunday parade service was a non-Eucharislic all-age service, led by Sally and Sharon. We also welcomed members of the uniformed organisalions lo parade services lo celebrate the Harvest Festival and Remembrance Sunday. An All Souls service was held on the evening of 3rd November, and earlier that day we celebrated All Saints, Day with a Patronal brunch. The busy Christmas season included visits from the local primary schools who held their carol services in church, and a popular Chrislingle service on Christmas Eve. Building on the success of previous years, events, the Christmas tree festival was held over 3 days the week before Christmas and was enjoyed by many members of the local community. Holy Communion services were provided al All Saints both on Christmas Eve at'midnighl. and on Christmas morning. We have been wilhoul a Director of Music throughout the year, so we have welcomed several drfferenl organists lo provide music for our services, including our Advent carol service on 1st December, when we joined by the choir of St James,. A Christmas carol service led jointly by the All Sainls and Sl James, choirs was held at St James, on 15th December. The important funeral mini51ry continued. with 4 funerals in church. There were also 6 baptisms in church. Mlsslon. Outreach and Communleatlon The principal outreach organi58tions affiliated to All Saints are the long estsblished Mothers, Union branch which provides fellowship for members while doing valuable work locally and woddwide, the scout and guide groups which continued to provide a full range of meetings and physical activities throughout the year, 2nd Little Seedlings slay and play group for pre-school children which is so popular that il is full lo capacity most weeks, Several of the Little Seedlings families have joined Messy Church or other All Saints aclivilies. A weekly Knit and Natter group provides fellowship for several of our ¢hurch members and friends from Sl James,. Followng the success of12sl year's summer party, a repeal event was held on the 13th July. The party ran throughout the afternoon 2nd evening and was allended by around 100 people. There was a delicious barbecue, and performances by a wide range of talented musicians, as well as games and stalls. Although intended primarily as a commLJnily event, the profil was greater than last year. Thanks are ¢Yue lo the Fun Guys for their organisation, and plans are already being made for an even bigger and beller party in July 2025. Louise Richmond or9anised a Posada again this year during Advent, which is a lovely way to prepare for Christmas and much valued by families from Messy Church and Little Seedlings and other church members who look part. The Christmas tree festival in church gave another opportunity for All Saints lo engage with the local community, and useful charitable donations were also received. In addition lo 2S beautrfully decorated trees to admire in the church and cenlre, visitors were entertained by choirs from local schools and could enjoy delicious refreshments. Children were able to pay a visit to Santa's grollo, and lake part in plenty of other family friendly activities in the Cenlre. Allhough we do not have the resources to deliver Christmas cards lo all residents of the parish, a Card giving details of Christmas activities at All Saints was produced and made available lo church members and Centre users. and local school children received an electronic version. 11 is the policy of the PCC lo donate al least 5.kn of income from normal giving lo a wde range of local, national and international missions and charities, and the Charities sub-commillee of the PCC makes a recommendation lo the PCC of organisations lo be supported. Although we have not held a significant fundraising event such as the pre-pandemic Christmas market, various smaller social and community events have made some contribution to our charitable giving. We continue to sponsor a child, currently Million from Ethiopia, through the World Vision charity, as we have done for many years. David East acts as Eco Champion for All Saints. and with his guidance All Saints is now working towards the Silver award. The Church Centre provides a valuable community resource for a large variety of lo¢al organisations, and the staff work hard to promote innovative activities. Consideration continues to be given lo how the Church Centre can be best used for mission purposes. The monthly parish magazine has been produced in house throughout 2024, and work is continuing to develop the church website and social media. Deanery Synod Three members of the PCC also 511 on the Deanery Synod which is intended to provide the PCC with an important link between the parish and the wider structure of the church. In 2024 there were three meetings, with a wide variety of subjects being discussed. A Deanery Synod report wll accompany this annual report. Church Cèntr& We are fortunate lo have our excellent and well-maintained Church Centre building, which has always been very well used, both by church groups and paying clients. We also have the benefit of modern community building ané store, used mostly by the scoul and guide groups affiliated lo All Saints, bul also hired oul lo payirtrg clients. The Centre comm¢ttee and PCC oversee the Centre staff, all of whom contribute to ensuring that the Centre provides a useful community resource and extends the mission of the church. A Church Centre report is attached lo this annual report. Pastoral Car• Members of the team assist the clergy in visiting the sick, frail and bereaved in Ihe parish, and Home Communiori is also offered lo those who request it. Churchos Toggth8r In Four Oaks All Saints has a representstive on the committee of Churches Together in Four Oaks. As in previous years, the principal event in 2024 was the well-allended outdoor G(iod Friday service in Mere Green. with live music again proving popular. Members of several churches sang carols outside Marks and Spencer on 14th December, and Sacred Heart hosted a joint carol service on 29th December. It is planned to resume joint services in 2025, the first having been arranged for January. Concluslon 11 is recognizeé that we are very fortunate in having well-mainlained buildings and healthy financial reserves, which ensure that we are well placed for the future. The PCC looks forward to continuing lo play ils part in developing the work of the Church in Four Oaks, and we express our sincere appreciation lo all who have supported All Saints during the year, whether financially or in many other ways. FINANCIAL REVIEW The combined accounts for Al Saints in 2024 showed deficits of 1£26,8521 for the Church and 1£2.5921 for the Cenlre, a total of1£29,4441. 11 should be noted that £20,000 of the Church deficit are in part due lo funding costs for the Church Centre including the Roof repairs, Maintenance and Management fees. Comments relating lo Ihe Centre are included later in this report and the details given below relate only to the Church. Unfortunately, last year il was anticipated that we would probably be facing a further reduction in the level of slewardshiplcollections income during 2024. Sadly. this has proved lo be the case as we saw a reduction of £3,926, while the lax recovery from gift aided contributions remained a similar value. The Church successfully applied lo the Bimiingham City Council Wami Welcome Grant scheme, where the Church Centre has been registered as a warm space open to anyone in the community. This year the scheme has provided the church with £7.000 in grant funding, to help facilitste this service. The main items of expenditure were the repair and improvement lo the technical equipment used for the Zoom congregation services. This was carried out in June. al a cost of £990. In August, the Quinquennial Inspection revealed a leak in the roof at the north east corner of the church. This was repaired in September at a cost of £850. In January a repair lo the folding doors on the organ door was made at a cost of £290. There were also two visits during the year from the organ tuner, al a cost of £456 per visit. There was some increase in Gas expenditure which was found to be due lo a fault with the boiler system. This was repaired in early 2025 and hopefully wll help reduce the costs going forward. In July 2024. the PCC recruited a part time Parish Administrator with an annual salary of £14,560. As part of this employment, we have sel up a new payToII system wth the Birmingham Diocese Board of Finance, which incurred Initial set-up fees and has monthly payroll fees and pension costs. Our Cleaner, the other existing employee, was also moved lo the new payroll system and while there were some initial delays, il is hoped this new system will reduce payroll adminislralive duties for the pcc. What was our former Curate's house12 Knightsbridge Closel continues lo represent a particulady useful investment which produced a rental income of £16,950 dLJring 2024, although this was partially offset by expenditure of £5,049. There was a change of tenancy during the year, with new tenants moving into the Curate's House in October on a rental of £1,650 per month. To sult their personal circumstances, we received an amount in advance of £16,068, which included rent, less agent's charges, for the 12 months ended September 2025. The actual rent and charges for OctoberlDecember were taken into the accounts for 2024, and the remainin9 £12,604 covering rent and charges for the period Januaryl September 2025 was held as Deferred Income over the year end. This latter amount will be taken into the a￿Ount5 on a monthly basis, over the first nine months of the new year. In 2024 with additional adminislralion costs, we found il necessary lo reduce our Common Fund liability lo the Diocese, lo £50,000 which was paid in full. The PCC have commitied lo pawng a lolal of£56,000 for the Common Fund in 2025. A sum of £3,731 was donated to missions ané tharilies. CENTRE REPORT The Church Centre continues lo seNe the Church and the local communily as a popular place for Church and community activities. 11 has been good lo see, in 2024, diverse community and Church groups continuing lo use the building for various aclivilies. Highlights among many include the monthly Food and Friends, Knit and Natter, the Sikh's of Sutton Coldfield, yoga, Tai Chi, martial arts groups, the bridge club. We have declared ourselves a Warm Welcome Space offering a cup of coffee or tea and a chat lo anyone passing who has a need for warmth. There have been a number of staff changes since last year's report lo the APCM and we are in a period of transition while we settle on the best form of management lo take the Centre forward. Nevertheless, hard work and effort have gone into encouraging new groups and njnning the Centre as efficientiy as FM)ssible over the last twelve months. 11 is envisaged that a greater use of social media and the promotion of events al the Centre will be a focu5 of attention for Ihe future. Nevertheless, the hard work of the office staff and casual staff continues lo promote a pleasant and friendly atmosphere and is a¢knO￿edged by many who visit the Centre. Children's birthday parties continue to be popular giving the opportunity for families to be made aware of Messy Church and Little Seedlings. There have been some chbnges to the ethos of the Centre including a freeing up of what is permitted on Sundays, once worship in Church is finished, admilledly lo reflect our more secular society Inol agreed to by everyone il is accepted) in which the Centre has lo compete. This has resulted in more interest in the Cerilre over weekends which hopefully will result in more revenL¢e and the Centre returning to being self-sufficient financially and being able to contribute lo the Church as a whole. The continued financial situation, however, continues to present difficulties. In 2024 running costs increased which are unavoidable given the importance of maintaining the Centre and ils appearance 10 attract customers. Almost every aspect of serving and maintenance increased in price over the last year and there were the USLtral increases in staff costs given the annu81 rise in the National Livin9 Wage. This has resulted in the Centre sustaining a loss over the year of £2.592. However, the reserves remain healthy. The Community Buildings, in All Saints, Drive, used primarily by all the uniformed groups, (but are managed by and included in the finances of the Cenlrel, continue lo be self-financing. There has been an increase in their usage by outside groups, and the increased income from this has helped reduce the cost of using the building for the unrformed groups. We are confident that the financial situation of the Centre will improve and the buildings will continue lo serve the Church and community and they will continue to work together wlh All Saints, Church in its mission. INVESTMENT P LICY AND POWERS All investments are agreed by the Trustees and have regard to the Charity Commission gLtidance in relation lo charity investment policy. RISK POLICY During the year, signrficanl risks lo which the PCC may be exposed have been identified and documented lo ensure that appropriate safeguards are in place to miligale the impact of those risks. Risk was considered under five principal categories (Governance, Operational, Financial, Regulatory and Exlernal}- RESERVES POLICY It is the policy of the PCC lo maintain free reserves al least sufficient lo cover three areas.. £100,000 lo spend on mission initiatives over the next five years, £100,000 lo cover the possibility of major repairs being required to the building, and enhancing and equipping lo suit the needs of a growing church., and a sum lo cover six months runnin9 Costs, which based on 2024 figures amounts to £106,487. Current free reserves amount lo £260,633, whilst as at 31, December 2024 there is a shortfall of £45,854. this does not take into account other available investments. This policy has remained the same for a few years and it may well need to be reviewed in due course. PLANS FOR FUTURE PERIODS 11 remains important for the PCC lo continue making a full Common Fund contribution. However as indicated in our Financial Review on Page 7 we have unfortunately found it necessary lo reduce this amount from £60,000 10 £50,000 in 2024. In 2025 we have commilled lo paying 8 Common Fund Contribution of £56,000. We continue lo make our Sunday Service available on zoom for those unable lo gel lo church. However we are still investigating the possibility of updating our existing audio visual eqL¢ipmenl as we can encounter problems al times. 10 STRUCTURE GOVERNANCE AND MANAGEMENT The method of appointment of Parochial Church Council members is set out in the Church Representation Rules. Al All Saints the membership of the PCC consists of the incumbent (the Vicar if in post), the Curate lif in postl, members of Deanery Synod. the Churchwardens, co-opted members and members elected at the annual meeting by those on Ihe church electoral roll. All members of the congregation are encouraged to register on the roll and are invited to stand for election to the PCC. The PCC is responsible for making decisions on all matters of general concern and importance to the parish, including deciding on how the funds of the PCC are to be spent. The full PCC met eleven times during 2024, wth an average attendance of 77%. The PCC has complied with ils duty under Section 5 of the Safeguarding and Clergy Discipline Measure 2016 to have due regard lo the House of Bishops, guidance on safeguarding children and vulnerable adults. The various sU￿¢0mMitteeS listed below are responsible to the PCC and report back to it regularly, wilh minutes of their decisions circulated to all PCC members and discussed by the full PCC as necessary. In the past there weie also suFFcommittees for Worship, Music and Discipleship, and for Mission, Outreach and Communication, and it is anticipated that the structure and responsibilities of PCC sub-committees will be reviewed in the coming months. Standing Committee This is the only committee required by law. It meets to transact PCC business behveen PCC meetings, subject to any dire¢lions given by the PCC. It Covers fabric and finance matters, including income, expenditure and reserves, and considers Christian Stewardship. It also oversees PCC policies and procedures. Church Centre committee This committee provides strategic leadership and ensures accountability, oversight and assurance for the performan￿ of the Church Centre and Community Buildings, including the support of the Centre manager. Pastoral Team Members of the team assist the clergy in the pastoral Care of church membefs. Chlldren's and Familles. commlttee This committee plans provision for children, particularly Messy Church and all age worship, and oversees our links with local Schools and youth organisations. Charities cornmlttee This recommends lo the PCC how charily monies should be distributed lo missions and charities. 11 ADMINISTRATNE INFORMATI All Saints B the Church of England Pafish Church in Four Oaks. in the Deanery of Aston and Sutton Coklfield and the Diocese of Bimiingham. Address: All Seints, Church, Belwell Lane. Four Oaks, Sutton Coldfield. B74 4TR In¢umbenl.' The Reverenfl Leanno Carr Assocl•te Prlost: The Reverend Simon C¢xks, wrth effect Irom 30th September 2024 The Parochial Church Council is a body corporate established by the Church of Engl8nd, and ¢)pgrates under the PCC Powers Measure 1956 and Church Representstion Rules 2020 as amended. 11 is a tharity registered with the Charity Commission (Charity number 11273551. During 2024 the following seNed as members of the PCC.. Incumbent Associate Priest Church Wardens The Rev'd Leanne Carr The Rev'd Simon Cocks Mrs Louise Richmond Mr Geoff Meeson Mr John Blundell Mrs Salty Cox Mrs Rosamund Douglas Mr David East Mrs Pat Farrow Mr Rob Gibson Mr Christopher Hudey Mr lan Kent Mrs Linda Lewis Mr David Phillips Mrs Dorothy Russell Mfs Sharon Saunders Mrs Valerie Timmins (Chairl (from 30th September 20241 (from 5th May 20241 (to 5th May 2024, Treasurerl Ekcted members ISecret8ry1 (from 15th May 20241 110 25th November 2024, Deputy Waidenl {to 5th May 2024) Icentre Seerelaryi Ilo JU￿ 2024, Centre Treasurer) (to 4th November 20241 Ivice Chaifl Deanery Synod Mrs Jennrfer Blundell Mrs Christine Jelley r De￿k Limbert Idec'd 23rd May 20241 Approved by the Parochial ChU￿h Council on 21sr NRY 201 and signed on 11$ behalf by Rev'd Leanne Carr. Chair Independent Examinerfs report Account5 for the year ended 31 December 2024 Respectlve responsibilities of the Trustees and the examiner The charity's trustees are responsible for the preparation of the accounts and they consider that an audit is not required for the year under section 144121 of the Charities Act 2011 Ithe Charities Act) and that an independent examination is needed. It Is my responsibility to: Examine the accounts under section 145 of the Charities Act to follow the procedures laid down in the general directions given by the Charity Commission lunder section 1451511bl of the Charities Act, and to state whether particular matters have come to my attention. Ba515 of the Independent Exam¢nerfs statement 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 charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required for an audit, and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below. Independent examinerf5 Statement In connection with my examination, no material matter has come to my attention which gives me cause to believe that in, any material respect: Accounting records were not kept in accordance with section 130 of the Charities Act. or the accounts do not accord with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date: 24th April 2025 Signed: Stephen Hendy Data Developments, First Floor, the Chubb Buildings. Fryer Street, Wolverhampton. WVI IHT 12 13 PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, FOUR OAKS, SUThON COLDFIELD STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unre5trirted Funds Restrlcted Funds Endowment Funds Totsl Funds 2024 Total Funds 2023 Income & Endowments from: Donations and Legacies 52,193 52,193 54,589 Activities for Generating Funds 691 614 Ibl 1,305 1,791 Income from Church Activitie5 Ilcl 87,282 87,282 92,174 Other Income Ildl 24,676 24,676 20,025 Income from Investments Ilel 17.671 404 18,075 16,803 Total Income 182,513 1,018 183,531 185,382 Expenditure on: Church Activities 196,884 12a) 205,754 7,066 212,820 Raising Funds 155 155 12bl Totsl Expenditure 205,909 7,066 212.975 196,884 Net Income/Expenditure 123,3961 16,0481 129,4441 111,5021 Unrealised Gains- Properties Shares 456,594 5,448 456,594 5,448 20,467 Net Movement of Funds 438.646 16,0481 432,598 8,965 Transfers 888 18881 439,534 16,9361 432,598 8,965 Retonciliatlon of fund5: Total funds brought forward 2,521,007 9,731 2,530,738 2,521,773 Total funds carr5ed forward 2,960.541 2,795 2,963,336 2,530,738 14 PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, FOUR OAKS. surroN COLDFIELD BALANCE SHEET AT 31 DECEMBER 2024 2024 2023 2024 2023 Fimed Assett5 Tangible Fixed Assets Inve51ment Assets 4a 2,456,432 243,47S 1.999.838 4b 238.027 Total Flxed Asset5 1699,907 2.237,865 Current Assets Bar Stock 1,190 1,402 Debtors Cash at Bank & in hand lincl. deposits wlth the Central Board of Finance of C. ofE. Less Llabilitie5- Amounts falling due within on ear Net Current Assets 8,446 6.323 279,788 292,525 125,9951 17,3771 263.429 292.873 1963,336 2,530,738 Funds of the Ch rl Unrestyicted 2,960.541 2.795 2.521,007 Restricted 9.731 2,963.336 2.530,738 Approved by the Parochlal Church Councll on: 21sr MFkY 2025 Retyd Leanne Carr Chalr Mrs Loulse Rlchmond rchwarden 15 PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, CHURCH FOUR OAKS AT 31 DECEMBER 2024 Accountln Pollcies Basis of preparatlon The PCC is a public benefit entity within the meaning of FRS102. The financial statemenls have been prepared under the Charities Act 2011 and in a¢¢ordance with the Church Accounting Regulations 2006 goveming the individual accounts of PCC'S together with the regulation's 'true and fair view provisions, together with FRS102 {2016) as the applicable accounting slandards and the 2015 version of the Statement of Recommended Practice, Accounting and reporting by Charities SORP IFRS102). The financial slatements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial slatements of church groups that owe their main affiliation lo another body, nor those that are infomial gatherings of church members. The financial statements have been prepared under the historical cost convention excepl for the valuation of investment assets, which are shown at markel value, and properties which are valued at the figure used by Ecclesiastical Insurance as indicated and the professional valuation of the Curale's House. Going Concem All Saints, Church, Four Oaks. is dependent upon the regular donations of its members. The balan¢e sheet remains slrong and a balanced budget is in the process of being prepared for 2025. On this basis the PCC has presented the accounts on a going concem basis. Funds General funds represent the funds of the PCC that are not subject to any reslrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in Note 5. Income Donatlons & Legacies, Charltable Activities Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Grft Aid donations is recognised when the donation is received. Grants and Legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount is quantifiable and its ultimate receipt by the PCC is probable. Funds raised by events have been accounted for gross. Other Income Hiring income from letting the Church Centre is recognised when the hire is due. 16 PAROCHIAL CHURCH COUNCIL OF ALL SAINTS. CHURCH FOUR OAKS AT 31 DECEMBER 2024 Accountin Policies contlnued Income from Investments Dividends are accounted for when due and payable, and interest entitlements are accounted for as they accrue. Gains and losses on Inveslments Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revalualion of investments at year end. endlture Donations Grants and donations are accounted for when paid over. A¢tlvltles directly relating to the work of the Church The diocesan parish share is accounted for when due, as are any other items of expenditure. Fixed Assets Properties and movable church furnishlngs As previously staled, properties have been valued at figures assessed by Ecclesiastical Insurance or professional valuers, although depreciation has not been charged in agreement with the Diocese. Movable church furnishings held by the vicar and churchwardens on special trust for the PCC are listed in the church inventory. which can be inspected {at any reasonable time}. Individual or grouped items with a purchase Price of £1,000 or less are written off when the asset is acquired. Other fixtures, fittings, and offlce equipment Individual or grouped items with a purchase price of £1,000 or less are written off when the asset is acquired. Investfflents Investments are valued at market value and revalued at the end of the year. Stocks Stocks are valued at the lower of the cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Debtors Amounts owing to the PCC in respect of fees, Tents or other income are shovffl as debtors less provision for any amounts that may prove uncollectable. These are recognised initially at settlement amount. Prepayments are valued at the amount prepaid net of any trade discounts due. 17 PAROCHIAL CHURCH COUNCIL OF ALL SAINTS. CHURCH FOUR OAK AT 31 DECEMBER 2024 Accountin Policies contlnue Cash and cash e uivalents Cash at bank and in hand and short-term deposits Comprise cash and short-term highly liquid investments held with either CBF Church of England funds and, until 20th June 2022 Julian Hodge (Bankers), when this account was closed on their withdrawal from the business sector. Liabilities and rovlsions Liabilities are recognised when there is an obligation at the balance sheet date as a result ofa past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the PCC anticipates it will pay to settle the debl or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the besl estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the stalement of financial activities as a finance cost. Financial Instruments The PCC onty has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basi¢ financial inslrumenls are initialty recognised as transaction value and subsequently measured al their settlement value. ee beneflts - ensions A defined contribution scheme is operated. The costs of post*mployment benefits are recognised as a liability and an expense and is allocated to the relevant fund to which it relates. Accountin estlmates and areas of ud ement Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under Ihe circumstances. The PCC carefully consider what level of professional support should be obtained in making these estimates and judgements and the cost of this in terms of the value il would bring to potentially interested parties and in carefully undertaking their duty in relation to charitable activslies. The PCC makes eslimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual resutts. 18 PAROCHIAL CHURCH COUNCIL OF ALL SAINTS FOUR OAKS surroN COLDFIELD AT31 DECEMBER 2024 Notes to the a¢¢ounts unr rlcted Fvnd5 Restvicted Funds Endowrn￿t Funds Totsl Funds 2024 Totsl Fund INCOME AND ENDOWMENTS FROM: Donations and le ¢les Envelopes incl. weekly payments under Gift Aid Annual, Quarterly & Monthly payments under Gift Aid Income Tax recovered Collections (Open Platel Sundry Donations Total 2024 S,498 5,498 7,611 32,168 34,202 32.168 9.732 1,795 3,000 S2.193 9,732 1.795 3.000 52,193 9,915 1.574 1,287 Toto12023 54,589 54,589 Ib ActTrvitie5for Generatln Fund5 Collections for Chaiitable Purposes le of Goods Magazine Advertisements Total 2024 614 614 391 3tX) 1,305 1,154 137 500 391 300 691 614 Toto12023 637 1,154 1,791 Income Irom Chuf¢h Adlvltles Fees (Wedding5 & Funeralsl Flower Guild IFees & Donations) Social Events Magazine Sales Chur¢h Centre: Hire of Hall I Community 8uildin8S Bar Sales Misc. Incorne Service Charge Interest Donation5 Fundraising Events Total 2024 613 150 1,913 356 613 150 1.913 356 1,177 285 4,079 356 59.664 11,749 2,519 4,000 1,765 1,154 3,399 87,282 59,664 11,749 2,519 4.000 1.765 1,154 3,399 87,282 64,451 9,127 3,408 5.446 2.103 1.742 Totol 2023 92,174 92,174 19 Id Other Income Curate's House Rent VAT Recoverable: Maintenance 16,950 16.950 18,650 303 303 875 Governrnent Grant Income (Church) Sundry Income Total 2024 7,000 423 24,676 7.000 423 24,676 500 Toto12023 20,025 20,025 le Income from Investments Dividends and interest Total 2024 17,671 17.671 404 404 18,075 18.075 16,803 Toto12023 16,319 484 16,803 Total In¢ome 2024 182,513 IA118 183,531 Totol Income 2023 183.744 1.638 185,382 20 PAROCHIAL CHURCH COUNCIL OF ALL SAINTS FOUR OAKS SUThON COLDFIELD AT 31 DECEMBER 2024 Notes to the accounts continued Unrestrlrted FutFds Re5tr1 Funds Endowmeni Futhds Total Fund5 Totsl Futhds 2023 2024 EXPENDITURE ON: Churth Attivities Mls$lon & Charl Glvi Missiona Societies u.s.p.G. 150 Relief & Develo ment encie$ British Red Cross Afghanistan Appeal Christian Aid Christian Blind Mission Diocese- Malawi Fund Doctors Without 8orders Dr. Graham5 Homes, Kalimpong, India EmbraceThe Middle East Mary's Meals Practical Action Tearfund Water Aid World Animal Protettion Worldvi510 150 200 150 250 250 250 250 250 250 250 150 150 150 250 250 540 250 250 540 150 loo 312 loo 312 312 Home Miss5ons & Other Chur¢h Sotletles A Rocha UK Children's Society 125 125 259 259 425 5e¢ularCharltles Acorns H05pice Ag& UK Camphill Village Trust Communit Heartbeat Trust Disaster Erner8ency Committee -Turkey Appeal 250 250 275 150 Iso 175 701 Poppy Appeal R.N.L.l. S.C.O.P.E. IDisability Charltvl Shelter SIFA Fireside St Giles Hospice W3rwickshire & 50lihull Blood Bikes West Midland5 Air Ambulance 20 200 2(K) 220 200 200 Iso 150 150 250 125 2(K) 125 200 150 Sub Total 3,122 3.731 4,438 21 Sund Ex nditure.. Carried Forward Minlst Diocese Common Fund Clergy Travel Expenses Vicarage Expenditure Curate's House Expenditure Church Music Church Running Expenses & Maintenance linc. Organ) Church Grounds Upkeep of Services Sundries Magazine Expenses Support Costs linc. Training & Mi55ionl Book5/Other Materials Flower Guild (Flowers & Materials) Hospitality Children's/Youn8 People Activities AdrninlProf. Fee5 (Church only see Centre below) Social Events EquiplRepairs/Grounds Vestments Balance of shared expenses with St Jame5. Church Parish Administrator Ifrotn 071241 3,122 3.731 so.o(K) 144 50,000 144 820 5.049 2,790 820 S,049 2,790 431 6,271 2.727 18,714 17,512 1,202 20,184 2.995 910 1,288 476 108 180 237 118 874 2.995 910 1,288 476 108 180 237 118 874 3,690 1,004 738 524 136 353 177 1,046 2,967 2,281 2,967 833 1.115 833 1,115 5,255 2,261 5.255 388 388 5,686 5.686 Church Centre Repairs & Maintenance Centre Mana ement Fee 14,046 6.000 14,046 6.(X)O Chur¢h Centre: Bar Stock-. Openin Closing Vending Machine Stock.. Opening C105in8 Salaries/Bar Staff Wages EquiplRepairslGrounds 1.120 223 223 28,383 7,641 28,383 7,641 31,557 11,826 LiljuLi Running Expense5 Bar Expenoliture Adfflin/Prof. Fees VAT PE Annual Adjustment written off Centre Fundraising Events Other Expend. Comrnunity Buildings Total of Chur Registered in the name of Part Sale Proceeds of Old Vicarage. Purchased November 2014 4,049.75 shares (Original cost £55.0001 Registered in the name of Part Sale Proceeds of Old Vicarage ND.. 2 Account. Purchased December 2015 88,613 86.630 93.641 91,546 114.02 shares (Original Cost £2.4921 Re8lStered In the name of Luncheon Club. Purchased April 2022 2,636 2,577 243.475 238,027 Market value at beginnin¥ olyear Share5 purchased during year 238.027 217.560 238,027 5,448 243A75 217,560 20,467 238.027 Un-￿alised galn on investment assets Market Value at end of year Unre5tr1 Fund5 RestrktEd End Totsi Funds 2024 Total F Fund 2013 Anzl Assets.. Properties Investments Current Assets Ilnc. Debtors. Stock, Bank/CBF Accounts and Cash in handl sis of Net Assets Fund 2,456.432 243.475 2,456.432 243,475 2.699.907 1.999,838 238.027 2.237,865 286,629 2,795 289,424 300,250 125.9951 2.963.336 17,377 2.530,738 Fund Balances 2.960.541 1795 Debtor5 Goods & Services Pre ments & Accrued Income Other Debttsrs 560 5,763 4,625 3,821 8.446 4,625 3,821 8,446 6.323 24 PAROCHIAL CHURCH COUNCIL OF ALL SAINT5 FOUR OAKS surroN COLDFIELD AT31 DECEMBER 2024 Note5 to the attounts contSnued nrestricted FuTrd5 Restrfrted Fuhds Endtswmeni Funds Totsl Funds 2024 Totsl Funds 202 Cash at Bank & Olhtr Oè osits Current Account Savings Account Cash Float Re-. Curate's House held by enis 12.110 56 12,110 56 6.694 1,645 iio Jio iio Church Centfe.. Bank Accounts incl. Cash 9.901 9,901 7,938 Dep05it5 Wlth the Central Board of Flnance of C of E Church Centre Reserve Funds 31.368 11,044 8,563 20,762 696 31,368 11.044 8,563 20.762 696 35,062 10,386 8,143 25,186 729 Community Buildin8 Reserve Fund Fabric Fund Curate's House Fund Flower Guild Organ Fund (for expenditure relatingto the organ) Part Sale Proceeds ol Old Vicarage C.D.Smalley Legacy Ifor vestments) Miss M. Brancker Le8aCV Mrs C. A. Elson Legacy Mrs D. Blake Legacv Dr B.M. Chapman Legacy Luncheon Club 289 289 2,285 127,200 127.200 2,506 50,408 1,163 133,400 7,446 47,940 1,106 1,090 3,256 109 2,506 50,408 1,163 3,424 188 3.424 188 276,993 2,795 279.788 292,525 Liabilities= Amounts fallln due within ont Accruals znd Deferred Income 19.084 6,293 553 19,084 6.293 553 2.306 4.594 303 fjoods & Service5 Taxation and social security Other Creditors 65 65 174 25,995 25,99S 7.377 Commitments Operatin6 lease comrnitrnent5 relatin8 to a photocopier are.. Due by end of lease (Sep 20261 Total 273 273 1.359 1,359 273 273 io Mlsslons & Charities Following completion of the accounts the PCC agreed that £2,000 be made available for distribution to Missions and Charities. Allocation of these funds will be made during the early p&rt of 2025. li Related Pa Transartlons The Church Centre paid Professional fees totalling É2,175 to Mrs V.M. Wardell Idau8hter of a PCC memberl for bookkeeping and consultancy work.