Annual Report of the Parochial Church Council of Wombourne For the year ended 31" December 2022 Charity regi5tratlon number: 1128061 DIOCESE OF / LICHFIELD P•&i"IrlU Come follow Christ in the footsteps of St Chad The Parochial Church Council of Womboume Trustses, Annual Report for the year ended 3181 December 2022 Charity registration numbor (rf appllcable): 1128061 Objectives and Activities The trustees of the PCC are aware of Ihe Chanty Commission's guidance on public benefrt in The Advan￿Ment of Religion for the Public Benefft and had regard to it in their administration of the Charity. The trustees believe that. by promoting the work of the Church of England in the Ecdesiaskn'cal Parish of Womt)oume rt helps to promote the whole mission of the Church (pastoral, evangelistic, and eojmenical) more effectively. wlthin the Ecclesia*ical Parish. and that in doing so il provides a benefft to the publi¢ by.. ProvidirwJ faalities for public worship. pastoral care and spiritual. moral and intellectual development. both for its members and for anyone who wIsP￿S to benefrt from what the Church offers" and Promoting Christian values and semce by members of the Church in and to their communrties, to Ihe ￿nefft of individuds and sooety as a whole. The PCC is ¢x)mmitted to ena1￿Ing as ffl￿Y p￿PIe as possible to worship at our church and to become part of our parish communty at Wombwme. The PCC maintains an overvie4V of worship throughout the parish and makes suggestions on trKYW {￿r servi￿$ can involve the many groups that live within our parish. Our servbces •nd wornhip put faith into practice through prayer and scripture, music and sacrament Achlevements and Perfom)ance The PCC is comrnitted Ihrough its Missi<)n Statement and action planning to maintaining the hurches of St Benedi¢A Biscop and the VeneraL4e Bwje as places fft forworship and providing outreach to the local communty. The health and future grc￿h of the tharÉty rdies on supporters and volunteers and their contribution is key to the deliverability of the charity's objectives both rKr* arKI in the fuiure. Financial Review The PCC agreed a balancad budgel for 2022 which in(x)rporated an antictpated use of £6,700 of unrestricted reserves. At the end of 2022 axual unrestrided income was £154,243 and unrestricted expenditure £161,593 leading to a decrease in the level of unrestricted resources of £7.350 compared to the previous year. The levels of income and expenditure increased from the previous year , by £11,764 and £28,834 respectively. as the seTrices and use of St Benedirfs arKI the Bede benefitted from the removal of social distancAng and other measures previously put in pla￿ as a response to the Covid 19 pandemic. FinancAal forecasts, h(Ywever, (y)nsidered by the PCC identified that serious pressures on iro>me were apparent in this and ¢omirYJ years and artion was necessary lo contain the shortfall of unrestricted income over expenditure. The PCC consequerrtly made the dffiryjll decasion to reduce the dergy depktryment from 1.3 posts to 1.0 post as this would significantly reduce the payffents the PCC were makn'ng to the Diocese under the Crynmon Fund arrangements.. Following ￿nSUlta110n with the DIOC￿ and the other parishes of the Smesl(Yw Vale Team agreerr£nl was reached for this redu(Xion. The reduction took effect from the bwJinniro cl July and the Commn Fund request for 2022 was reduced by £9.502.The redudion had no impact on dergy currently in ￿st as tPk8 1.3 posts were vacanl during the interregnum follthving ihe in¢umbenfs rety'refftnt at the end of April. As a ￿)nSequer￿￿ of this &tion the financial position at the end of 2022. in resFfd of unrestricted furKls. was broadty in line with the overall outcome as set by the PCC in the inFti81 budget. Unrestricted income from fund raising and trading a(aivilies recove￿ significa)ty from 2021 levels but the levels of income from donations. W￿jd1￿JS and funerals. and the hire of the Bede were bd(pw anliapated le%els. Unrestricted expenditure was beltY*4 the initial budget due to the reduclion in the Common Fund and lower fundraising, fee and running costs. The PCC was protected from the IM￿ of the large rise in gas and dectrioty prices due to the fixed price contract entered into in 2020. This fixed prirn expres in August 2023. The overall of furKJs held by the PCC d8CTeased to £108.006 in 2022, down from £156.615 in 2021. Unrestricted furKls decreas￿ by £7,350 and restrided funds by £41.259. The decrease in restricted funds was both expected and unexpeded. Expected falls in restricted funds were as a consequence of the comF4etion olthe contract for Stonework ￿paIrS at St Benedici's. the replacement of the hall and kitchen Iloor Coveringslscreed al the Bede, and the replacement of curtans at the Bede The existing organ at St Benedicvs has been replaced by a new elertronic organ funded from restrided monies in the Pople Trust ( Trust in name only) and the experKJiture ¢aptsiised and shown ¢M the Baan¢e Sheet as a tangible asset. Unexpthd falls in restrided funds were as a consequenc* of expenditure from fabric funds on emergerty and urgent worf(s to remedy water ingress folltY4Ying theft of metal from the roof. As part of Ihe repairs a forensic marking Itquid has been applbed to all accessible external ffEtal and wamirKJ S￿nS ereLted to deter a repeat. The PCC is grateful for the ongoing wsitive support *KI o)mmitment of the congregation through stewardship and fundraising ?￿]1￿11eS Income and expenditure levels need to be revieAEd by the PCC in 2023 and actKJn taken, wh8re n￿o$S8ry , to ensure that financial pressures are managed and appropriat8 actions taken. The expiry of the fixed price enefgy contracts in August will represent a real financial challenge. Reserves Policy It is PCC policy to try to maintain a balance of free reserves (net currerrt assets) whith equales to a minimum figure of £25,fK)O. Reserves are hekl to swKx)th OLrt fluctuations in cash flow and to meet emergenaes andlor other needs forfunds. It is PCC poliw to invest restricted funding for major appeals in separate bank accounts presuibed for this purpose. This I￿lcY was last review￿1 8nd approved by the PCC on the 29th Noverrl)er 2021 At the end of 2022 free reseNes represented by the value of unrestrided net Current assets were £36,425 and Consequently a￿ve the minimum level set in the Policy. This is a decrease of £7,350 from the prebious year. The lelel of reserves ai the year4nd. although ltrwerthan in 2021, Ixo&lly refie¢ts Ihe l￿dget set by the PCC in 2022 which enviwJed the ne8J to use £6,700 from general reserves to support budgeled expendiiure in the year. The PCC will need to ￿)ntInUe to monitorthis Reserves Policy in 2023 to ensure that financtal tssks can be effectively managed with any I￿ger temi implications to the finances of the church identfied Safeguarding The PCC believe they have fulfilled their duty under sedon 5 of the Safeguarding and Clergy Di￿lpI1ne Measure 2016 (duty to have due regard to House of Bishops. guidance on safeguarding Children ￿ vulnerable ajults). Fundraising The PCC takes tis fundraising resfvx)nsitM'lities seriously and is very grateful to all d(mors- whether ￿Ular or ¢)￿lonal - for thar support of the churth and church events. PCC supporters are never taken for granted. The PCC take fvll resFy)nsibilty ￿ fundraising and do not use o)mrnercial organi&2tions or wofessional fundraisers. All Money raised is erther by don81ions, fundraising events. speaal apwls or legacies for which the PCC are most grateful. Voluntsers The PCC is dependent on the sugntficant number of people from the local communty involved in church aciivtlies. The numI￿r of active vdunteers aThd the time that they give to the mission and ministry of the charity is a key ￿MPonent of the health and sustainats'lty of the church. The Servi￿ provided through volunteering impa(Is PO￿ti"VelY on people's rdatbonship to the church and to each other. The PCC greatly values the time given by volunteers in support of the church and the tharity's aims and obJxts"ves. Review of the Year 2022 has again been a ¢*dlengir¥J year. L¢xkdcr*ms and restridions due to the pandemic haNe b8en removed and this has18d to the resunyion of most of our a￿1vitieS in prayer and worship, (xrtreath , and in soc4al and fund raising events. Our Rector the Revd Preb Paul Brown retlred at the end of April and the posttion of ReAor has remained v&ant for the rest of the year. The PCC is immensely grateful for Ihe commitment and dedication of Paul for his 24 years of le￿Ie[shIP, ry)mmrtment arKI dedution in his ministry in Womboume. 1018 wish Paul a well-eamed, loThJ and happy retiremenL The PCC is grateful for tlw support of the Rural Dean. Revd Julia Cody, Team Vicar Revd Richard Fisher, Revd Elaine DeJonge, relired dergy particularty the Revd Sue Watson arKI Revd Preb James Makepeac£. and rn￿Y other local c4ergy duiing this peiiod of vacancy. We Continue to be well serbed by Susan Wlliams. Laurie G•.￿r. and Wlliam CrAe for their ministry as Readers. Worship has re￿ined centrd to tho life of our churches through Sunday and mid¥Yeek Eucharist services at St Benedict's, a midweek Eucharist seNc£ 8t the Bede, daily moming prayer during the week at St Ben&JicVs. monthly serw¢xs of EvensovJ and Taize prayer. and our special seM¢8s at Easter and Christrnas. Holy Communion is administered at home or in other settings where Thmb8rs of church ¢x)mmunty can no longer attend our regular SerVi￿s. The Prayer Chain based ￿ emals (xlntinues to be an important extension to I￿r ministry of interce&80ry prayer Our Church website, Grape%fjne, together with our use of F￿k and Y¢Ju tube, are used to publicise the WKle variety of services offer. Our dtsx to door deliveries of the GrapeNryne parish magazine resumed this year aKI we are grateful to Olly Cadman and herteam fortha'r Contin￿1 con¥nitment to UN'$ important part of our communication and cKrtrexh . It Was good to see the return of our fund raising activities this year wrth our Flower Fesb'val, fvlusic Festival, Advent Fayre, oc£asional tea and cake afternoons and lunthes at the Bede. Our thanks to Sarah. our Children's Worf(er. for her leadership with Sunday Club, Little Fish, Messy Church, the after sc1KX￿ dub and Open Book. Th￿kS aso to Carol Godwin for Playmates. Maxine. our Parish Administrator, continues to be a real asset in the Parish Offio with her organisational s￿115 and the initsative she deM(￿Strate$. Many thanks to Tony. Sue and Alan for leading on our musical activities and to the choir and bell ringers. Our thanks to John and Beryl whose lew in the -Pople T￿￿r has enabled LOS to purchase a electronic organ at St Benedicvs. We are very grateful for everyone who has continu￿1 to support us finarmially part￿Ul8￿Y in Ihese difficutt times of rising costs. The PCC Iijoks forward to 2023 and is IK)peful that a nLw Rector can be app￿nted in the Spring and be in FQSt during the Summ8r. Thank you to everyone contributed to the life of our Church in 2022 Risk Management PCC has a Risk Management Policy which was adopted on 30 October 2017, a Heamh & Safety Policy that was revIe￿*d and adopted on 24 June 2019 and has Risk Assessments that support its Heatth & Safety Pdicy and xtivities. PCC confirms that the major risks to which it may be exFwd as identtfied by the trustees, have been reviewed and systems or procedures have been estsblished to manage those risks. The PCC holds insurance policies in respect of tts buildings and contents with Liability CoNer for employees. volunteers and visitors. The Insurer is the Ecdesiasti¢a5 Group. The theft of metal from the roof al St Benedids was an uninsured risk vthich has ntr4V been addressed thrc¥Jgh the application to all xcessible extemal metaNYork of a forensic marking solution with appropriate wamiNd &gns that Covers the PCC. under the Insurance Pc4icy. for any repeat. The Risk ManwJement Pdicy needs to be reMfft￿d in 2023. Structure, Governance and Management The PCC is a 8wintment of Ihe PCC members Is set out in the Church Representalion Rules. The Council comprises the Incumbent. the Chur¢hwprdens, the Readers, those elected to the Deanery Synod. and other ￿￿rnberS who are eleded at the Annual Parochial Church MeetirvJ, by those on the Elecloral Roll. Members of the congrejabon are always urged to join the Electoral Roll, and to stand for eledion to the PCC. The PCC n￿MberS are responsible for making decisions on all matters of general concem and importance in the parish, and for all financial matters. The PCC met 10 times during the year. Given its responsibilities, the PCC has a number of sub c£)rnmrttees, eath dealing with a particular asped of parish lrfe. These irKlude Standing. Finan￿. FabriG, Pastoral, Cheerful Givers, Heafth and Safety. Social, Grapelfjne arKI Youth V¥brk. Each reports back to the PCC. Relatsd Partles Disdosures related to Trustees and related parties are induded in the notes to the Financial statements. Reference and Administrative details The Church is situated in Church Road, Womboume W5 9EZ and is part of the Deanery of Trysull in the Diocese of Lithfield. The cOrresp￿nce address is- The Parish Office. Hand in Hand, Womboume Institule, Church Road, Womboume WV5 9EZ. Registered chaiity number 1128061. Our website address is: vNM.Stbenedictts's￿p.org.uk Members who have served from 1•t January 2022 unlil the date this reFQrt was approved were: Ex Offlclo Members Team Rector The Rewj Preb Anthony Paul Brown {Chaimian)- to 30 April 2022 Mr Laurie Gainer Mrs Susan Wlliams Mrs Hilary Moore- Chair from 1 May 2022 Mrs Joan Parker Mr Peter Carlwright- to 30 April 2022 Mr Martin Garrington Mrs Shirtey Wall Mrs Anne Freeman Mrs Teresa Guest Dr Nigel Welch Reador Churchwarden Churchwarden Dlstrkt Churchwarden TreasurerlDeanery Synod Rop SecretarylDeanery Synod Rop Deanery Synod R•ps Eloctsd M•mb•rs Mr Richard Green- to 30 April 2022 Mrs Christine W8lch- to 30 April 2022 Mr Simon Keeling- to 30 Apnl 2022 Mr Roy Wootton Mr Derek Bryant Mr Dawd Crathorne Mr Alan Brain Mrs Susan Epton Mrs O￿n Grainger Mrs P8t Roberts Mrs Susan Hill - from 1 May 2022 Mrs Laura Parry- from 1 May 2022 Names and address￿ of advis•rn Bank 84￿1•y* Bank 1. Gravol Hill, Wombourno Ind•pend•nt Examln•r Dalton Pardoe 794. Hlgh Stre0( Klngswinford Approved bythe PCC on.................................. and signed on rts behalf by: STh( Hilary Moore j Churthwarden arwj Chair) Shiiiey ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Designated|Restricted|Endowments|Total Funds|Total Funds| |---|---|---|---|---|---|---|---|---| ||||Fundsff)|Fundsr£)|FundsfEl|FundsfEl|2022r£)|2021f£l| |||||||||*seenote10for| |Income and Endowments||||||||full comparatives| |Donations and Legacies|||101353.81||16078.58||117432.39|148055.38| |Charitable Activities||||||||| ||||25039.04||1688.00||26727.04|19227.25| |OtherTrading Activities|||23537.33||0.00||23537.33|9606.00| |Investments||||||||| ||||0.80||19.94||20.74|16.29| |Other Income||||||||| ||||4312.24||2175.00||6487.24|1101.59| ||Total||154243.22||19961.52||174204.74|178006.51| |Expenditure||||||||| |Raising Funds||3a|2445.02||2708.31||5153.33|41.00| |Charitable Activities||||||||| |||3b|158412.77||56697.03||215109.80|267535.87| |Other Expenditure||3c|735.17||1815.00||2550.17|1226.15| ||Total||161592.96||61220.34||222813.30|268803.02| |Net gain/losses on investment|||0.00||0.00||0.00|0.00| |Net lncome/(Expenditure)|||-7349.74||-41258.82||-48608.56|-90796.51| |Transfer between Funds||||||||| ||||0.00||0.00||0.00|0.00| |NetMovements in Funds||||||||| ||||-7349.74||-41258.82||-48608.56|-90796.51| |Total Funds broughtforward||||||||| |(1stJan 2022)|||43774.81||112839.75||156614.56|247411.07| |Total Funds carried forward||||||||| |(31st Dec 2022)|||36425.07||71580.93||108006.00|156614.56| urch Counc51 Ofwombourne Note8 to Flnanclal Statements for the Year Ended 31 Oecember 2022 Pag•4 Note 1 ntln PolleiÈ8 The finanual staternent6 have been prepared in occordaftce wlh the Chgrilies SORP IFRS1021. Reportin9 provision5 for Larger Charities do not Bpply as the PCC'S gross income doe5 nol exceed £500.000. 11 is lo¢ this reason thal the PCC has not producqd a Cash flow stalement. The PCC mee15 th8 delinition ol a public Oenefil ¢har6ty unikr FRS 102. The finawol statemènts have been ￿pare{l un(ler Ihe historical cost convention. The Financial Stslem¢nt8 indu¢Je all ts¥nsgcb"ons. assets and liabili￿•8 lor **lch Ihe PCC 4$ ￿spOnsIble in law. The U￿￿trICted Funds rnpr8s•nl the lunds ol th• PCC tho1 am not subject to any restrlclbn garding their use anty are availaèle lor the 9&neral purposes ¢1 the PCC. The Restrkted Funds are Ihose donations an(1 grants received by the PCC that havB beon restrlcled for a 8pecillc purpose and cwn only be expended ler the purpose they glven. Any balan￿ remaining unspont al Ihe end ol each ¥e8r musl be c•rrl•d loTh¥ard as • balanc• on Ihat lund. Planned giving, colL8cth?n8 and dorsalions are recogni88d when received. Incorne lax recoverable on glft aid donations 15 r8cogni58d in the sarne year as the giving lo which li rolales. GrontB and Leg•ci8$ are account•il lor whèn lh• PCC 1$ legglly enti118d lo lh8 amount¥ due. In*r•sl 1$ •ccN•d. All olhei income 18 r•cognis•d wh•n il 18 receivabl•. Ineom• is accounied for gross excepl where impr¥¢hc8ble as In certa￿Th #ctivilie8 ol the social commillee. Costs including the diocesan parish shar8 are accoun18d for when payabl8. Expèndilurè i¥ aecount•d for orals •xc*pt wh?rg irnprar1i￿b1• ai in certain ac11vili￿ of Ihè AociAI eommlll•8. Consecrated and t•nof*o prOp￿Y li noi Intluw in Iht ac¢ouni$ by 1.1012M8l&lCI ol tho Ch8ritlo8 Aet 2011. The Churth ol the Ven¢rgblg B8de Bt Gi99?rty l•ne Wornbourne is not included 88 a fixed #1501 in accounts as il is v&s18d in th8 Dioc88an Trust os CuBtodi8n TN8tee and Ihe Rector and Churth Wardèn# as Admini8traliv8lManaoino Trustees. hlov•abl• church furnishing8 held by Ihe Raetor And Churchwarden8 on spècial Iwsi for thè PCC and whleh rèqulr• a lacully for di¥poi81 afé inaliènable pryrty, lill￿ in the Chureh'i In￿nIory, which can be inipèct8d lat any reaBonable lirnBI. For 8nything acquir8d prior lo 2000 Ihere is In8ufflciènt C08t inlorrnatitsn availabl• and thtrafors Bu¢h 851è1s are not valued In Ihfr finano81 8tot•mants. The Church of Ihe Venerab￿ Bede was rgmoved Irorn facuhy juri8dictitin on lh• 5th July 2016. Fixed Asset5 wilhin the 8¢counls are normBlly depreciaied on a 51raighl line basis over 4 years. Exceptional item5 are con$ttI8fed individually. A lull years depmcialion 18 charged on 8ny as8els reh#ièd during the yeBr, ir¥&BP8cIIv8 ol dale of puichase. Fixed a88e15 wh*h are pu¢eh88ed by direct gift are nwrnally d8pr8cia18d over one year. Exceplionsl ile¢ns are conjiderecl individually. Fixed a68018 wilh & puKhue pfice ol E1000 or less ar• included as expendilure rjlher Ih•n or* the b81gnce sheet. The PCC has • numb•r ol h•dl•g• asse18 Ih8l hawj be•n donated in Ihe pasl. These indude siSv•r artefacts not in use ol which one ilern 15 significant and has bpen on display 8t Ihe Barber In51itule, 8llver artefacts in use and a VinBgar Bible. 11 is unlikely Ihal the PCC would bp given 18cvlly tonsènl lo dispose of Ih&•e Items and they art tonseouently not included in the balance sheet, Amounts owiry lo the PCC ar8 shown a5 debtors. Amounts trwing by PCC for expendilure inDJrr8d bul not yel PBh4, ar& shown as cr8dilors. Wh8r& goods or services have been received bLrt nol yet invoiced and the exact c081 is unknown lh¢ out518ndino chafoe is eslirnated and induded as a Creditor Parochlal Church Council 01 Wom Pa9e 5 Notes to Finan¢ial Statements for Year Ended Oeeernkn 2022 Note 2 Income and Endowrnents from: Total Funds 20221£) Total Fund5 2021£) Unmtrict•d Funds De5ignattd Fundsl£l R•strici¢d Funds Endowment Fund Donatlons and a¢i85 Voluntsryln¢omelRe¢eipts Tax eificlenl planned giving Other planned glving collectlons at s•rvices 63449.70 132.00 635B1.70 68615.50 5563.00 5563.00 7203.80 801157 2566.74 10579.31 6443.15 All other glvlng and voluntsry receipts Sncludlng Special appe315 Glft R•cov•re¢l 4609.84 8563A8 13173.72 16659.25 18718.70 385.96 19104.66 2048S.O4 L•gaei•s r•ceived Grnnts 1000.00 0.00 1000.00 4500.00 0.00 4430.00 4430.00 24248.64 Total 101353.81 16078.58 117432.39 148055.38 Charitabl• Activities Church Activities Statutorylloeal Foes Irgtsined by PCCI Fundrnising ￿tiVitieS 14336.91 0.00 14336.91 18820.so 1070113 1688.00 12390.13 406.75 Totsl 25039.04 1688.rKI 26727.04 19227.25 Total Fund5 20221£1 Total Funds 20211£) un￿strIc￿d Fundsl£l Designated Fund5 £1 Restricted Fund51£1 Endowment Funds other Trndin Actsvitie8 A¢livlties for Genefatlrt9 Fund 8eilt hall hire 2¢ 8811.16 0.00 8811.16 6788.63 Grapevine parlsh mawine Other- prlntlng. books 13735.33 0.00 13735.33 1612.59 990.84 0.00 990.84 1204.78 Tolal 23537.33 0.00 23537.33 9608.00 Investments 2d Bank Intr￿81 0.80 19.94 20.74 16.29 Tolal 0.80 19.94 20.74 16.29 Other Incom8 4312.24 2175.IXI 6487.24 1101.S9 Total 431124 2175.00 6487.24 1101.59 Total Income and Endowmènts 154243.22 19961.52 174204.74 178006.51 Parochlal Ch h Council Of Wombourne Notes to FinanGial Statements for Year Ended December 2022 Page 6 Note 3 Expendlture Total Funds 20221£) Totsl Fund$ 20211£) Unrestricted Fundsl£) Designated Fund￿£) Restricted Fund$l£l Endowment Fund$l£ Raising Funds Costs of Genernting Income FundraisirKJ costs 2445.02 2708.31 5153.33 41.00 Total 2+145.02 2708.31 5153.33 41.00 Charitable Activities 3b Church Actsvities Mission giving and don*K)ns Diccesan Ccwnmon Fund Salariesmlages Clergy and Staff ExFenses Church Expens Church Expenses IMi85ion and Evangelism) Church running expenses Church utility bills Cosl of trading Major Expenditure Fabric of St BenediclslBede Depreciation Governance Costs 4825.00 4569.58 9394.58 8725.65 74466.00 74466.00 66475.00 37259.81 165.00 37424.81 30482.12 1479.41 0.00 1479.41 1309.88 725.15 506.93 1232.08 4404.67 25456.21 25205.95 50662.16 21652.17 8467.99 8867.99 9405.69 509720 0.00 $097.20 1112.24 23973.87 23973.87 123332.45 1875.70 1875.70 0.00 638.00 636.00 0.00 636.00 Total 158412.77 56697.03 215109.80 267535.87 Other Expenditure 735.17 1815.00 2550.17 1226.15 Total 735.17 1815.00 2550.17 1226.15 Total Expenditurg 161592.96 61220.34 222813.30 268803.02 Paro hl Ch uncll Noles to Flnantial Statemenls Ivr Year Ended December 2022 Page 7 20221£) 20211£) 41al Staff Costs 37424.81 30482.1Z Th• PCC had p•rt tlm8 8mployeas undertaklng the roles ol Childfen8 Workgr and Porl8h Adrnln15trator. Sell employÈd person5 IncludlThg retlred cl¢rgy and muslclans engaged In ocuslowl church S8rvlces. No •mplOY￿ ••rn•il morn than E80.000 per annum. 41bl Tru•t••• and R•lat8d P4rt19s The PCC rnlmburses Yru8t888 lor approv￿ oul of poGk•t expen•os wher• Tru81••s h8ve pur¢ho¥vd suppli05 and servl¢e• lor the direct u•e andlor ban•llt of the charlty. Elght Trvstoes andlor Ihelr ¢105e r8latlv8s recelvgd out ol pocket ¢xp¢ngeg, Includlng the Incumbent, totalllng £4,097.81. One TrnJ$tse r•¢elved £150 for bgln9 thg organist at three Services. Th• InGumbent and ono ol tho feadern 0100 rncelved. Dr￿1¢ owed, rnlleage pjyments In th• lum of £61.48 The to¢818mount oldonatlonj mad• by Tru8t••J th•lr Gl¢)J• rnlatlvos wSthoul ¢ondlllon• was £28,053.00 No oth•r paymonl8 or ¢xp•n8•8 w•rè pald to any other PCC membor, Perso￿ C1￿81Y connected to th•m or relatsd party. Th• Ineurnbent retlred at the •nd ol Aprfl and tho P￿IllOn ol Rector b• vK•nt. 41cl Volunteers In •ccordance wlth th¢ Charltlu SORPIFRS1021 g•n•r•l volunteer tlrne ol Tr￿tea5 and others IS not cognlsod In thF accounts bul the annual r•port glves more Inlorm•llon about tho Important contrlbutlon voluntoorn m•k• to tho work of the PCC. 41dl Independent Ex•mlnatlon Govemance cost• wprQ￿nt tho provSBlon made lor th• f•• pay•bl• to th• Inde￿n￿OnI Examln•r 4101 Furthèr Inlormatlon Th8 PCC pur¢h•Bed a now ole¢tronl¢ oryan ¥1 st 6onvdlcts. Rostrlcted lund$ In th¢ P•pl• Tru•1 l Tr4t•t In nam• only I w?ro ¢aplt•ll#•d and the organ IB shown as a t•nglblo Ilx•d a•••t. In •CGordJnco wlth a Guldunco Note on El￿tronIC orga￿ luuod by th• Chufch Bulldlngs Councll tho average Ilf• ol Bn e1octronl¢ organ l¥ g•tlm•tsd to ￿ tw•nty y•arn And. th•T•for•, th• •M•t Is b•lng fully d•prn¢l•tgd on a •tralghl Ilng b4•1$ ov•r* tw•nty year pgrfod. Th• l•v•l of lund• In tho Poplo Tr￿1 mus¢ rom•ln •t • l•v•l that bB •t l•ait •qual to the remalnSng ¥Jlu• of th? 4••01 In •uhoquent fln•ncl•l •t*t•m•nts. 5(*) Flxod A••el• F￿hold Bulldln Ch￿￿h ¢nt TotallEI AI C￿1 or V¥ly•tlon AS at 191 Jan 2022 Ad(Iltlon• In th• Yèar Dl•po••l In th• Yèll Revaluatlon Illanyl Value al 3151 D•c 2022 78362.08 37514.00 78352.OB 37514.00 0.00 0.00 115866.08 0.00 115866.08 A￿Umulated 08preclatlon As ¥t 1•t Jan 2022 Charge for thg Y•ar DIsP08als A8 at 31Bt tloc 2022 78352.08 1875.70 0.00 80227.78 783S2.08 1876.70 0.00 0.00 80227.78 Net Book Volue 31st Oec 2022 o.oo 35638.30 36638.30 S(bl Investments Nono Councll Ofwomboume Noie5 to Financial Statements for Year Ended December 2022 Page 8 Cash ot bank and In h•nd 2022 2021 Wombourne PCC Current A¢count Wombourne PCC Oepo8lt Account Co¥h in hand Flow•r A¢¢ount Grapevlne Currnnl Account 3368.27 72364.25 353.50 1055.53 9697.27 86838.82 14524.78 143153.S1 801.1fj 921.57 9381.88 168782.90 6{b} Dobtorn 2022 2021 Prgpjyments and accrued Incom• Other debtorn $00.36 5787.31 6287.87 476.66 9833.53 10310.19 Llabllltl?B 2022 2021 Amounts 14lllng due wlthln on• y•ar Ac¢ru41¥ of Utiiitle8 Amouni• R•celvgd In Ad¥¥nce Common Fund Oth•r Cr•dltorn 1168.89 3606.60 0.00 15983.30 20758.79 784.71 7274.34 o.oo 14419.48 22478.S3 Anal of Net A•8ets G•n•rnl Unrestrlct•d Funds De8lgn•ted Fundsl£l 0.00 0.00 0.00 0.00 0.00 Re•trlcted Fuftd$l£l 36638.30 0.00 48846.63 .12904.00 71580.93 Endowmont Fund81£1 0.00 0.00 0.00 0.00 0.00 Totsll£l 2022 Flx•d A¥•trts Invv¥tment A••et• Curr•nt A¥¥et• Current Llabllltl 0.00 0.00 44279.B6 -7854.79 36425.07 35638.30 0.00 93126.49 -20758.79 108006.00 Fundi R•conclll•tlon Incoming Re8ourcesl£l Resources Expendedl£l Inv¢¥tmènt Galn8lLo88•81£1 Roo*rve8 at 31 Doc 20221£) 36425.07 0.00 at1JAn 2022£) 43774.81 0.00 Unre8trlcled Fund• Dg8lgn4ted Fund8 Rotytrlcted Fund• 1 In m•morlum 2 Nurturing nature inltl#tlve 3 St Benodl¢ts f¥brlc 4 Retirement gift 5 Chlldrens worker 6 Bell tower ropè rnplAc•m•nt 7 Pople Trust Incl tanglbl• a880ts 8 Mlsslon glvlng 9 Flower Fè8tlval 10 Reetorl¢hur¢hw4rden 11 St B•neflicts $oundl4udio 12 Church bell renewal 13 Mu8lc F•8tival 14 St 8en•dlets roof r•palrn 15 Other Endowment FundB Tolal Funds 154777.22 0.00 .162126.96 0.00 592.50 0.00 13623.93 0.00 0.00 220.00 74327.27 45.70 1109.52 21640.71 204.00 soo.00 0.00 0.00 576.12 0.00 156614.56 0.00 200.00 5001.70 1815.00 165.00 o.oo 3743.89 4572.08 2475.50 364.35 0.00 0.00 200.00 1000.00 424.00 0.00 174738.74 0.00 o.oo .18623.93 -1815.00 -165.00 0.00 -23079.81 4569.5B -2508.31 821.71 0.00 0.00 -200.00 -1000.00 437.00 0.00 -223347.30 592.50 200.00 1.70 0.00 0.00 220.00 54991.35 48.20 1076.71 131 B3.35 204.00 500.00 0.00 0.00 563.12 0.00 108006.00 Parochlal Church Council Of Wombourne Noles to Financlal Statements for Year Ended December 2022 Page 9 10 SOFA Comparatives 2021 Unrestricted Fund5{£) Designated Funds(£) Restricted Funds(£} Endowments Funds(£) Total Funds{£} Incoming Resources Donations and Legacies Charitable Activities 112940.39 35114.99 148055.38 18827.25 400.00 19227.25 Other Trading Activitles Investments Other 7524.72 0.00 9606.00 3.33 1101.59 12.96 16.29 1101.59 0.00 142478.56 35527.95 178006.51 Resources Expended Raislng Funds Charitable Actlvltles 41.00 0.00 41.00 132216.64 135319.23 267535.87 Other 701.1S 525.00 1226.15 132958.79 135844.23 268803.02 Net gainllosses on investment 0.00 0.00 0.00 0.00 0.00 Net IncomelExpenditure 9519.77 -100316.28 -90796.51 Transfer between Funds 0.00 0.00 0.00 0.00 0.00 Net Movements in Funds 9519.77 -100316.28 -90796.51 Totsl Funds brought forward (1st Jan 2021) 34255.04 0.00 213156.03 0.00 247411.07 Total Funds carried forward {31st Dec 20211 43774.81 0.00 112839.75 0.00 156614.56 ## ## ## ##