Annual Report of the Parochial Church Council of Wombourne For the year ended 31° December 2023 Charity reglstration number 1128061
DIOCESE OF LICHFIELD Come follow Christ in the footsteps of St Chad Tho Parochial Church Council ofwombourne Trustees, Annual Report for the year ended 31st December 2023 Charty registration numbor (if applicable): 1128061 Objectives and Activities The trustees of the PCC are aware of the Charity Commission's guidance on public benefft in The Advancement of Religion for the Public Benefft and have had regard to it in their administration of the Charity. The trustees bdieve that, by promottng the work of the Church of England in the Ecd8siastiGal Parish of Womboume it helps to prorTr)te the whole mission of the Church (pastoral, evangelistic, Sal and ecumenical) more effectively, within the E¢desiasts"cal Parish. and that in doing so rt prowdes a nefit to the public by: Providing faciltlies for public worship, pastoral care and spiritual, moral and intellectual development, t*)th for its members and for anyone who wishes to benefft from what the Church offers.. and Promoting Christian values and Servi by members of the Church in and to their communities, to the benefit of individuals and sow as a whole. The PCC is committed to enabling as many people as possible to worship at our thurch and to become part of our parish communty at wOmbJme. The PCC maintains an overview of worship throughout the parish and makes suggestions on hc>w our services can inVVe the many groups that live within our parish. Our sep118 and worship put faAth into practi through prayer and scripture, music and sacrament Achievements and Performance The PCC is committed through its Mission Statement and ackni planning to maintaining the churches of St Benjict Biscop and the Venerable B&Je as pla fft for worship and providing outreach to the local communty. The heafth and fLrture growth of the charity relies on supporters and volunteers and their contribution is key to the deliverabilty of the chaiity's objectives both now and in the future. Financial Review The PCC 4reed a budget for 2023 where unrestricted income and expendtture were broadly in balan. At the end of 2023 actual unrestricled income was £153.183 (£154,243 in 2022} and unrestricted expenditure £157,173 {£161.593 in 2022) leading to a decrease in the level of unrestricted resources of £3.990 compared to the previous year. The financial position at the end of 2023, in respect of unrestricted funds. was therefore below the expectations of the PCC as set out in the original bLKJget. The levels of unrestrirted income and exFtnditure both decreased from the previous year . by £1.060 and £4,420 resFeCti¥Ely. The PCC decision to redu the dergy deployment from 1.3 posts to 1.0 post is fully reftected in Ihe OUnts WKI red(M%d the Common Fund expenditure
by £9.503 compared with the previous year Other areas of expenditure increased which partially offset the financial benefft of this signthcant reduction. Unrestricted income. overall. was below the bUdgetj level with income from collections, regular giving, reclaimed grft aid. fund ra&ng and trading activities falling from 2022 figures. Other one off or non-regular giwng, however, increased signfficarrtly with. the levels of income from, weddings and funerals. and the hire of the Bede at s"milar levels to the previous year. Unrestricted expenditure was. overall. below the bgeted level desixte increases in running sts which increased from 2022. The rise in the costs of gas and electsiaty had less of finanoal impact than anticipated due to the tiffely entering into of a new fixed price energy contr in September and prckactive energy mana3effEnt in both churches. The ntrollIng of exFerKJiture below budgeted figures. Ythere possible. is a necessary m'gatIOn to shortfalls in income The PCC wll need to enter into a new energy contr&X in September 2024 and prices will continue to b8 Impted by mathet volatility. The overall level of funds held by the PCC decreased to £103,283 in 2023. down from £108,006 in 2022. Unrestricted funds dec¥eased by £3,990 and restrided funds by £733 The PCC wa5 extremely grateful for a large d(atIOn that was received to fund the improvements of the toilets at the Bede which now lI[tate their use by persons with disabilities. The PCC is very grateful for the ongoing posittve support and commitffent of the wngregation through stewardship and fundraising activities The PCC has seen falls in its unrestrided funds in eh of the last tsyo years arTrd this trend, though currently fundae, needs to be addressed through raising income andlor cuth.ng experKliture. Continuing falls in regular giving which is the largest source of income to the PCC are of particular nrn. Incon and expenditure levels need to Le monitored revithved by the PCC in 2024 and action taken. to ensure that (aearly idenbfiable financial pressures are managed and appropriate actions taken. Reserves Policy It is PCC Wicy tolry to maintain a balan offree reserves (net current assets) which equates to a minimum figure of £25,000. Reseprfes are hdd to smooth out fluctuatFons in cash flow and to meet emergencies andlor other needs for funds It is PCC policy to invest restrict&J funding for major appeals in separate bank ants psu1bed for this purpose. This 1¢Y was last reviewed and approved by the PCC on the 4 Dernber 2023. At the end of 2023 free reserves repsented by the value of unrestri(ed net current assets were £32,435 and conseqLEntly aboNe the minimum level set in the Policy. This is a decrease of £3.990 from the previous year. The level of reser¥es has fallen in e of the last two financial years and although still above the minimum set out in the ReseTh*es Policy this trend will need action to be taken by the PCC to bring yearly unrestricied income and expenditure into ball¢6. The PCC will need lo continue to monitor this Resep4es Policy in 2024 to ensure that finanoal risks are effeclively managed. Safeguarding The PCC bdieve they have fulfilled their duty under sectton 5 of the Safeguarding and Clergy Disopline Measure 2016 (duty to have due regard to House of Bishops. guidano on safeguarding children and wlnerable ulls).
Fundrdising The PCC takes its fundraistng resp)nsibiltties seriously is very grateful to all donors- whether regular or oxasonal- for their support of the churth and thurch events. PCC supporters are netr taken for granted. The PCC take full resnsibl1rtY for fundraising and do not use commeraal organisations or professional fundraisers. All money raised is either by donations. fundraising events, spEoal appeals or legacies for which the PCC are most grateful. Volunteers The PCC is dependent on the sgnfficant number of people from the local community involved in church actTrwties. The number of adive volunteers and the time that they give to the mission and ministry of the charity is a key rnponent of the healih and sustainability of the church. The service provided through Lurch volunteering impacts positi'vely on people's relationship to the church and to eth other. The PCC greatly values the time and skills generously provided by vdunteers in support of the church and the chaiity's aims and objectives. Review of the Year In September 2023 the PCC was pleaJ to welcome our Team Rector. the Revd Julia Cody into the Parish. This an end to the challenging riod of vacancy which ran for some sixteen months. Thankfully Revd Julia was able to begin her Ministry in Womboume with the memory of lockdcwns and restrithons due to the pandemic behind us and our iwties in prayer and worship. outreach , and in %Kial and fund raising events offering a good fourKlation for the future . We wish Revd Julia a long and happy stay as Team Rector. The PCC is grateful for the Leadership of the Church Wardens. Hilary McKJre and Joan Parker, arKI the support of the Team Vicar. The Remd Richard Fisher. Revd Elaine De longe, retired dergy particularfy the Re¥Yl Sue Watson and Revd Preb James Makepeace, and many other local dergy during the period of vacancy. We continued to be well served by Susan Iliams, Laurie Gainer. and Wlliam Cole for their ministry as Readers. Vrforship has remained ntral to the life of our churches through SurKlay and midweek Eucharist serbices at St Ben&Yids. a mi(frHeek Eucharist service at the Bede, daily moming prayer at St Benedict's. monthly Servi of Evensong and Ta¥ze prayer, and our special servIS at Easter, Haryest, Remembran, arKI Christmas. Holy Communion is administered at home or in other settings where members of our chufch MMUnty can no longer attend our regular services. St Benedict's is a welcoming pl for couples wishing to get married in Church and a comforting ptace for bereaved families and funeral serrf1 in Church. Our Church website, logether with our use of FbOOk You tuL. are used to publicise the wide variety of seiceS we offer. Our d¢)orto door deliveries ofthe Grapevine parish magazine continued this year and we are grateful to Olly Cadman arKI her team for their continued commitment to this important part of our communicaton and outre&h . Fund raising activities and the outreach they bring are an important part of our Church life with our Music Festival. Advent Fayre, lunches at the Bede, and cs1Onal coffee momings. tea and cake aftemoons.
Our thanks to Sarah. our Children's Vlorker, for her leadership with Sunday Club. Little Fish, Playmates, Messy Church and the after school dub. Maxine, our Parish Administrator. <x)ntinues to be a real asset in the Parish Office with her organisational s[13 and the initiative she demonstrates. Many thanks to Tony. Sue and Alan for leading on our Musi1 a¢tiTr4ilies and to the choir and bell ringers. We are very grateful for everyone who has continu1 to support us finanoally particularfy in these difficutt times of rising costs. We are pa'CUlarlY grateful for a signfficant donation that allowed the improvements to the 8ede toilets for people with disabilities. The Bede hall is used on a regular basis by church groups. local and communty groups viith an emphasis on young persons induding family groups in Messy Church The PCC looks forward to 2024 under the Leadership d the Recknr Thank you to everyone who contribuied to the lrfe of our Church in 2023 Risk Management PCC has a Risk Management Policy which was adopted on 30 October 2017, a Health & Safety Policy that was rewewed and adopted on 24 June 2019 and has Risk Assessments that support tts Health & Safety Policy and activities. PCC confims that the major risks to which it may be exposed as identified by the trustees. have been fewewed and systems or procedures have been estsblished to manage those risks. The PCC holds insurance policies in respect of lis buildin9s and contents with LIalty Cover for employees. volunteers and visitors. The Insurer is the Ecclesiastical Group. The Risk Manwjement Policy needs to be reviewed in 2024. Structure, Governance and Management The PCC is 8 B(MJy Corporate established by the Church of England (PCC Powers Measure 19, and the Church Representation Rules 2006) and is a Charity registered with the Charity Commission. The PCC is govemed by the Par(Khial Church Councrl Powers Measure (1956) as amended that came into effect on * January 1957, and the Church Representation Rules. The method of appcAntment of the PCC member5 is set out in the Church Representation Rules. The Councal comprises the Incumbent, the Churchwardens, the Readers. those elected to the Deanery Synod, and other members who are dected at the Annual Parochial Church Meeling, by those on the Eltor R¢1. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC. The PCC members are reSFonsible for making deosrons on all matters of neral concem and importance in the parish, and for all financial matters. The PCC met 9 times during the year. Given its responsibilities, the PCC has a number of sub committees, each dealing with a particular aspect of parish lrfe. These indude Standing. Finan. Fabric, Pastoral, Cheerful Givers, Health and Safety, Socaa, Grapebryne and Youth Woth. &%h reports back to the PCC. Related Parties Disdosures related to Trustees and related parties are irKluded in the notes to the Finanaal statements.
Reference and Administrative details The Church is situated in Church Road. womtrUrne W15 9EZ and is part of the Deanery of Trysull in the DiwEse of Lichfield. The Corresponden address is - The Parish Office, Hand in Hand, Womboume Inslrtute, Church Road, Womboume W5 9EZ. Registered charity number 1128061. Our website addrwtss is: WW4V.stbenedbCtbisP.Qrg.uk Members who have sepd from 1" January 2022 until the date this report was approved were: Ex Officio Members Team Rector The Rewj Julia Cody (Charman) - from September 2023 Mr Laurie Gainer Mts Susan VNfjlliams- to April 2023 Mts Hilary M¢)ore- Chair until September 2023 Mrs Joan Parker Mr Martin Ganington Mrs Shirley Wall Mrs Anne Freeman Mrs Teresa Guest Dr Nigel Welch ReaderlDean•ry Synod Rep Reader Churchwarden Churchwarden TreasUr1DeanOry Synod Rep SecretarylDeanery Synod Rep Deanery Synod Reps Mr Richard Green- from May 2023 Mrs Christine Welch - from May 2023 Dr Simon Keeling- from May 2023 Mr Derek Aldridge- from May 2023 Mr Roy Wootton Mr Derek Bryant Mr Dawd Crathome Mr Alan Brain Mrs Susan Epton Mrs Olwyn Grainger Mrs Pat Roberts Mrs Susan Hill Mrs Laura Pary Names and addresses of advisers Bank Barclays Bank Independent Examiner Dalton Pardoe
Approved bythe PCC <)n..................... and signed on its behalf by: rc Julia { Rec*or arKI Chair) Shirtey
PAROCHIAL CHURCH COUNCIL OFWOMBOURNE FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31. DECEMBER 2023 DALTON PARDOE LTD CHARTERED ACCOUNTANTS 794 HIGH STREET KINCSWINFORD WEST MIDLANDS DY6 8BQ
PAROCHIAL CHURCH COiJNCIL OF WOMBOURNE Index Independent Examiner'$ R¢port Balanee sheet Statement of finandal aetlvldes Noles to the A¢¢ouDts
PAROCHIAL CHURCH COUNI CIL OF IVONIBOLIRN'E Pxgc I Independent ExAminer'5 Report to iht Iru5tit5 of¢he Parochial Church Collncil of Iyombourne I reptsrt on the accounts for ihe year ended 3 1st De¢¢mber 2023 li'hieh zte SLit oui on pages 2 10 9. Respettivt n5pnTrsbbilities of Tru51ee5 and Indeptndtnt Examiver 'I'hL Lharit) S ItU51¢Ls urL fLsponsiblty IOT the prep2rn1Lon of the fjnancial siaiemcrkis; LonsidLr ihaE On au(lii 15 noi rcquirtd foT Ihi5 yLar under SLLlion 144121 ofihL' Charities Aa ?01 I lthe ?01 l A¢ii thai an independeni LNdmintstlOn j5 needed. li is m}, responsibiliiy to.. examinc (he aLcounis under SLclÉon 14) ol-the 2011 Aci.. folloii, th¢ proceduris laid in IhL (lcncrdl Dirl10ft5 gii'en b). the Charity Commissioners section 14i15Xbl of ihe 2011 Act.. and $iat¢ i%'heih¢r particular m•t¢r5 have come io my alleniion. Basis of Indtpcndtnt Examiner's Sttr¢t Mv examination ivas Lthi¢d oul in aceordttncL iviih General l)ir¢ciions ¥ii'en by ihL Chatit). Corntn¥s5ion. An examinalion includes 2 r¢viLii' ofihe accouniing rLords kep¢ bi. Ihe charii). and a comparison ofthL accounts prescnicd iviih Ihost records. li also include5 considerdii()n unusual iiem5 or diSLlÉ?Sur in the 1cOUnts. and 5¢eking explanaiions fr()tn you Iru51ees conceming any such mailers. Th¢ procedures undcrtakcn do (Tri proi'ide all the 'Idence ihat i¥'ould bc requirvd in a full audit. and cons¢qu¢ntlv no opinion 15 gii'en as io ivhaher the prcserbl a Irue and fair vieiv and the po[l is limit io ihosL' mdller% bet oui in IhL siaiL'tllL'nl bL'Ioii'. Indcpcndfnt Eryaminer's SisleMen( In LunnLclTI)D i%'ith In%. L.Kaminaiivn. no mailers hai'L come 10 mi- aiieniion= I l 'hICh gives me relOnable cause 10 believe ihai in arhi. jnaierial rLspeci the requiiem¢nlS.' a) io keep occounling rLYords in accordance M'iih Section 130 ofthe 2n1 i Art- or bl io prt'PaTV iicLounis lvhieh acLI)rd iyiih ihL5¢ accouniing rLYords u)mply ii'ith ih¢ accounling rquiremenis of thL. ?01 I Aci hdve noi b¢cn rnci: or 2110 i¥hich, in m). opinion. atteniion shoLÈld be in order cnablL' a proper und¢rsiand orth¢ accounts io be reached. Colin Dalton FCA D*lton Pardoe Ltd Chartertd Accountants 794 High Street Kingswinford Wc5t li lidlands DY6 8BQ 3rd April 2024
Paro¢hlal Church Councll Of Womboume Flnanclal Statements for the Yoar Ended 31 Decemr 2023 Page 2 Total 2023£) Totsl 2022£) Flxed Assets Investment Assets 5(a) 5(b) 0.00 0.00 Tangll)le Assets 33762.60 35638.30 Current Ass•ts Cash at bank and in hand 61a) 6(b) 77355.77 86838A2 Debtors 6287.67 Current Ilabllltles Liabilities falling due within one year -11259A7 .20758.79 Net Assets 103283.38 108006.00 PCC Funds 2023 2022 Unrestricted Funds Gerwal 32434.70 36425.07 Desiw Restricted Fund8 0.00 0.00 70848.68 71580.93 Endovmient Funds 0.00 0.00 Total Funds 103283.38 108006.00 Approved by the Paro¢hlal Church Coun¢ll on the 18thMar¢h 2024 and Slgned on Its behaw by: . I Chair) Tha attachad notss forni part of these finan¢lal slalemeni8
Iwreh C Page 3 Fln•n¢W Ststements lor th• Y¢•r endod 31 Decomb8r 2023 of Flnandol A¢Uvlil Deslgnated Restrkted End0ents Total Funds Total Funds Ee]0 Income and Endowmonts Donations and LegaeAa$ 106375.32 37647.08 143922.40 11743139 Charttae ActltIe¥ 2b 22834A2 2433.00 2S067.42 26727.04 OtharTradNw Ath¥ie8 19281.76 19281.76 23537.33 InvlMent 70.ss 542AO 612.96 20.74 Other Incw 4820.90 3740.20 8561.10 1487.24 Total 153182.96 44262.68 197446.63 174204.Y4 ExpendJtur• Rabsing Funds 1894.00 1894.00 5153.33 Charitab18 A111?6 3b 153837.36 44589.93 19842Y.28 215109.80 Other Expenditure 1441.97 405.00 1846.97 2550.17 Total 157173.32 44994.93 202168.25 222813.30 Nel galnlkJs6es on Snvostment 0.00 0.00 0.00 o.oo Net In¢om&l(Eynthturel .3990.37 -732.25 472162 48608.56 Transfer bettn Funds 0.00 0.00 0.00 NetPAoVeMts In Fund¥ -3990.37 -n2.25 4722.62 48608.S6 Total Funds brought lorATard (1st Jan 20231 36426.07 71680.93 108006.00 IS$$14.$6 Totsl Fynds carrted forward 1318t O•¢ 20231 32434.70 70848.68 103283.38 108006.00
al Chu l Ofwomb Nots$ to Fln8n¢lal Statements lor thè Yèar End•d 31 Dg¢•mb¢r 2023 P¥0• 4 Not• 1 Po Tho financial Stalemonts have prepared Sn e0rd8ch the Charili88 SORP IFRS1021. R•pOn9 provt5ions for Larger Charitits do nol opply a$ Ihe PCCS gross Sncome doès not emceed £500,000. It 18 for Ihis r8a80n that the PCC has not producgd a Cash flow statemant. Th8 PCC mgels the dfrfinltitin of ¥ pubFic tenefrt charity und•r FRS 102. Tha financl•l stat•ments havg been prgp8fod under the hratorical Cost convention. The Flnondal stattments includ• all tr•ns•ctions. 8858ts And liabilit$ for which thè PCC l• r•oponBlbkn Inlgw. Tht Unrestricled Funth r•pr••nt th¥ lynds of Ihe PCC that are not tsu¢t 19 •ny re$lrfctlon garding their us• and #re availabl? for the 9?neral pu1)$•$ of th• PCC. Th• Re51rictsd Fund• a Ihose donations and grants receN8d by the PCC Ihal hav• b•8n r8$trfei•d lor 4 a¢rie purpose and n only bo eynded for tht purpo8e they 9lven. Any balane• romalning unswnt at the gnd of èa¢h vgar mu8t b• rrI1 forward •$ • balanc? on thot lund. Planned glvln9. cnll•ctlon$ and donatiom 4r• r•cognl8•d wh•n Mc•fv•d. Intom• tax r•¢tsvor?ble on glll Wkl don•tk)ni Is r•¢ognis•d In Ihe Same •r ai th• glvlNJ to whleh It r•latsa. GrBnt• and L•god¢B 4re aecount•d for wn th• PCC 1$ legally entitlod to lh• amounts du•. Int¥1¢ ocwed. All othor Incorr 18 f•eoun188d whtn 1118 r8ceiv8ble. Incornts l• KLotJnt•d for grotss •xc•pt Imor•¢¢•ts1• a8 In rta[n aellvS1188 ol the w¢l¥l commltt••. Coil8 Indudlng th• Dlowan Common Fund arn aOun19d fgr whon p¥y¥bb. Expendllur• aOunt¢d for#rou •x¢•pt whern impr•ctkabkn a• In e4rt8in advi•8 01 th• •odal cornmlttoo. Con••cial•d 4rKI ben•lk• prop•rty h not Includ•(I In th• accounts by •.10(2llal&lCI ol th• Aet 2011. The Church of th• V•nerable Bèd8 al Glggerty lane Wombourn• li not Inelud•d ai b fix•d 48S•t 111 ¥¢couTrl• •811 li v88t8d In lh• Dioeè$an Tru818s Cu61odlaTh Tru8t•8 and Iho R•clor I1 Churth Wardgn8 act a8 Adminl8lrallvwMan8olw Trust•0$. Moveable Chh fuml•hings h•ld by th• R•e¢or ArY chuhardenS on spgc+•l trust lor th• PCC and whleh r•qubr• o f•culty lor d18po•al Ar• inaliwobb propety. 118led In th• Church'8 Inventory. whlch ean b• Inipeded lal any reOnabl• Im•l. For aThythlng 4cqulr•d pdor to 2000 them 18 IMuffirAont •t InfOrMaOn wallabkry and tr•forg 8uGh 88iels ar• not valugd In th• finBnd•l $tat•m•nts. The Church ol th• V•n•rAbl• B•d• w88 removed from lacultylurf•d4ctlon on tho fAh July 2018. Fixed A81•ts ffi1n th• accounts arn nomially d•pwl8ted cn a Straht Ilne b48ls ov•r 4 y•Ar8. Excoplional ttems •r• considered IndivkYu4lly. A full ye)r& deprKl00n 18 chargod on any aBieti purcha•ed durfng the year. irrfr8poctlv• ol dats ol purchBS•. Fixad ¥J$gts are purch&Md by dlrect glft Bre normally depre¢Sated over on• year. Exceptional blem$ are coTh$tdered SndlYlduo1ty. F¢d •u•to purch41• prfe of £1000 or •rn Inefud•d M •xpendllur• ralh•r than on lh• balan¢¥ sheol. Thè PCC h)• • numb•r OF herftw ass•t8 thal have been don?ted In th• paol. Thes• Includ• 8llv•r ?rtel¥cts not in u8e of which one Il•m18 slgnlficant and has b88n on dljplay at lh¢ 8arber In$tSlut•, silver grtefadl in use 8nd a Vine9or 8YDle. It is unlik•ty Ihat Iht PCC woukl be gIn fawlty consent lodl8po88 ol lh• it•ms and th are consequently nol in¢ludgd In the ba19n 8he8L Amounts to th? PCC arn shthvn a$ d•btor¥. Arnounts owlNJ by the PCC for expendltufe incurr•d bul not yel P8k4, are Shown as credltors. Wh•re gwJ$ cr s•Nic•8 hav8 been recefved but not invgiced and thg exact C08t Ss unknown th• outstandinq IS 88timat8d and Induded as a cmdrtor
hurch Councll Page S Notes to Flnanclal Statements for Y¢ar End•d D•¢•mbev 2023 Not• 2 In¢omo and Endownents from: Totsl Funds 2023 Tolal Funds 20 Unrestrktod Funds Doslgnated Fund8 R88trl¢tgd Funds Endowment Funds OonoUon• and L• cle8 Voluntary Income/R•c•lpts Tax •fflcl•nt planned olvlng Ouwr pl4nn•d glvlng Colloctlono at 8•r¥le•• 61970.26 132.00 62102.25 63681.70 6563.00 10679.31 4678.00 7188.7J 0.00 4678.00 3008.44 10180.17 All oth•r glvlng ind voluntsry r•c•lp¢s Includlng •p8e5al •ppul¥ Glft Ald Re¢ov•r•d L•gm¢lg1 rnc•lv•d Grant• 13386.36 18161.99 1000.00 0.00 108J76.32 30163.88 43600.01 13173.Y2 19104.68 1000.00 4430.00 117432.39 447.93 0.00 18699.92 1000.00 3797.00 3797.06 Totsi 37647.08 143922.40 Gh•rltsbl• A¢tlvltl Church Actlvltl•¥ st•tultsryllocal F••8 Ir•tslnod by P¢CI Fundr•SJln9 Acllvltl 2b 14302.81 940.00 15242.81 9824.61 14336,81 12390.13 8331.81 1493.00 Tothi 22834.42 2433,00 26067.42 26727.04 Totsl Fund• 2023 Totil Fund• 2022 UnM$trlct•d Fund• De•lgn•t•d Fund• R••trlet•d Funds Endowmènt Funds Oth•r Tmdln Actbvlll•• Acthilll•& for Gonorotlng Fund 8•d• hill hlr• Grnp•vln• rn•g•zln• Oth•r. prlntlng book• 2¢ 8970.23 0.00 8970.23 9705.e8 605.87 19281.76 8811,16 13736.33 990.84 23637.33 970S.86 606.87 19281.78 0.00 0.00 Tot•1 0.00 Inve¥tm•nts Bank Intero8t 70.66 542AO 812.96 20.74 Totsl 70.66 542.40 612.96 20.74 other10M 4820.90 3740.20 8561.10 0487.24 Totsl 4820.90 3740.20 8661.10 6487.24 Totsl In¢om• and Endowments 163182.95 44262.68 197446.63 174204.74
hlal Church Council Of Wombourn Note5 to Flnancial Statements for Year Ended Decemb•r 2023 Page 6 Note 3 Ex enditure oto Fund8 20221£) Unvestrlcted Funds Deslgnated Funds{£} Endowment Funds Funds 20231£) Funds{£) Ralslng Funds Costs of Generattng Income Fundraising costs 1894.00 1894.00 5153.33 Total 1894.00 0.00 1894.00 5153.33 CharRable Actiyltles 3b Church Activltles Mission giving and donatlons DI0$an Common Fund Salarleslwages Clergy and Staff Expenses Church Expens•s Church Expenses (Misslon and Evangelism) Church running expenses Church utility bills Cost of trading Major Expenditur• F8bri¢ of St Benedict&lBede Oepre¢iation Governance Costs 4825.00 11425.64 9394.58 74466.00 37424.81 64962.96 38692.76 0.00 64962.96 165.00 38857.76 5169.15 2079.42 3089.73 1479.41 669.82 315.23 985.05 36537A5 1232.08 50862.16 8867.99 5097.20 26647.50 9889.95 9582.93 500.00 10082.93 5716.96 5716.96 0.00 22153.68 22153.68 23973.87 1875.70 636.00 1875.70 1875.70 660.00 198427.28 660.00 0.00 Total 153837.35 44589.93 215109.80 Other Expendlture 1441.97 1846.97 2550.17 Total 1441.97 405.00 1846.97 2550.17 Total Expenditure 157173.32 44994.93 202168.25 222813.30
ncll Mot•$ to Financlal Statsm¢nts foryear Endod Dec•th2023 P•99 7 2023( 24£) 41al Stsff Co•ts 38157.76 37424.81 The PCC had Iwo part flme employees undertaklng the r¢+l•s of Childwwts Worker and Parish Admln5strator. SeW•mployed persons Incl119 rntlred ¢l¢r9y and musicians are ongged In occa8lon•l church Ser¥kw. No •mploy•• Mrn•d mor• than £60.000 perannunL 41bl Trus¢o08 and Rejatod Part[•8 Th• PCC relmburms TNtsts•s for approved ol p¢¢knt•Xp•e1 Twhefv Tvu¥tw haw pvrchawd supplies ind s•Trk•• ftrth8 direct uso andlor benefft of thv charity. Ten Trustee8 andlortholr ¢10 rgtativos re¢•iv•d out of pocket expen. Indudln9 th• incurnbenl totalllnq £4.11&01 On• Ttust¢e rK•lvod £540 lor belng the oryan1 tsn ninè occasions. Th• in¢umb•ntslart•d SePteT and recelv•d mlle•g• payments In the sum 01£63 Thv to1 amountof donalion8 made by Tw$ts•• WKI th• ¢los• TIAth0condiIion8 was £55317A8 whrch replntsd 46% of all voluntsry gfving to the PCC In th• r. A rnlatffll paty kn the Re¢toroffi¢iated ata number of luner•W•sh¢s InlernDts b¢tw••n S¢pt•mb•r and Decemborfor whkh fte payments arg OUStandln9. No other payments or•xp•nMs w•r• p•id to any other PCC mem1 pgrnons clos•ty lo thBm or relat•d party. 41¢) Volunt••rs In a¢covdan¢e w]th the Charltles SORPIFRS1021 general ¥oluntsertim• of and othern Is Trot rKognl64d In the aecovnts but the annual r•port gi¥•s Inforn¥llgn alK th• bnportant ¢ontribution volunt••rn mako to the work ofth• PCC. 4(dl Inpend•1 EXanatIOn Gov•mance Costs rnprM•nttho prov5>k rnad• forth• l• payabl• to thè Inthp•nd•nt Exmin•r el Further Inforntlon In 2022 the PC¢ pureha¥od a now eknctronk oryan at StB•nedicts. Ro1trict•d fvnd5 in thg Pgplo Trust I TN¥t in narne onty I wer• ¢apil3ltsod and the organ Ss Shown as a tangibk fa•d a8S•L In accordance wlth ¥ Guldan¢• 14ot• on Eloctronl¢ 15#u ty the Chur¢h Bull9$ Coun¢ll th• a¥•rag• life of an d8ctronl¢ oryan •slinsated to be #gnty >vrs •nd. th•r•for•. th• amet ra fvlty depre¢l•t•d on a $tralyht lintr ov•r • twyMr ptrio Tr• charye In th•8• •tal•M• Is forth• second yw. Th• 1gYo1 of funds In th• Popk Tnmt rnt rgmlTr •t a l•¥ol that is at l•astqqu•l to tho rema11g valu• ofthe •M•t In 8ubwwin¢ lIn¢ stal•nN•nt 5(01 Flx•d As••ts Freehold Buildin Chur¢h Tol31 Atcost or Vahwllon A8 at 1$tJ•n 2023 Addltlons in the Y•ar Disposal In tho Y•ar R•valuatitsn lrfanyl Valut •t 31st D•¢ 2023 115866.08 0.00 0.00 0.00 115866.08 1158K08 0.00 0.00 0.00 115866.08 0.00 umulat•d D•pv•ef•iion A8 at 1$tJan 2023 Chory• for the Y•ar Oi8pou18 at318tDg¢ 2023 80227.n 1f15.70 80227.78 1875.70 0.00 8x03.48 32103.48 Net Book Value 31st DK 2023 3376160 3376160 4bl Inv•8lmènts Non•
Parochlal C h Counell Ofw Notes to Flnanelal St•tsments for Year Endgd D•cOmr 2023 Page 8 Cash at bank and In hand 2023 2022 Womboume PCC Current Account Wombourne PCC D•p081t A¢¢ount Cash In hand Flower Account Grapèvlnè Curr•nt A¢count 8204.83 58577.20 439.60 898.29 9235.85 77355.77 3368.27 72364.25 353.50 1055.53 9697.27 86838.82 61b) Dgbtors 2023 2022 Pr•payments and a¢¢ruèd Income Other d•btorn 727.68 2696.80 3424.48 500.36 5787.31 6287.67 LI•IllIo¥ 2023 2022 Amunt8 l•lllng du• wlthln one year Ac¢rual¥J of U11•¥ Amounts R•c•lv•d In Advan¢• Common Fund Oth•r Cr•dltor• 41 SO.00 4403.48 0,00 2705.99 11259.47 1168.89 3808.60 0.00 15983.30 20758.79 An•1 818 of frl•t A¥¥ots G•n•rnl Unr••trbct•d Fund8 Do•lgn•t•d Fund$l£l 0,00 0.00 0.00 0.00 0.00 R••trfct•d Fund•l£l 33762.60 0.00 370B6.08 0.00 70848.68 Endowment Fund81£1 o.oo 0.00 0.00 0.00 0.00 Totsll£l 2023 Flx•d A•••t• InlIMent A•8•ts Curront A•ts Curr•nt Ll•bllltl 0.00 0.00 43694.17 -112S9.47 32434.70 33782.60 0.00 80780.25 .11269.47 103283.38 Fund• RKon¢lllatlon R••ep4e• t1Jan 2023£ 36426.07 0.00 Incomlng R•8our¢e•l£l Re8ourco• Expond•dl£l InvMim•nt GalrnlLo•o081£1 R•¥grv?B 4t 31 D•¢ 2023 32434.70 0.00 Unr•$trf¢t•d Fund• D•8lgnated Fund• R••trlcted Fund• 1 In mgmorlum 2 Nurturtng nature InltS•tlv• 3 St Bèn•dl¢ts fabrlc 4 8ed• toll•t ImpTov•mont Chlldr•n6 work•r 6 Bèll towor roy r•pl•cement 7 Pople Tru8t Inel tsnglble aBs•ts 8 Mlg8lon glvlng 9 Flow•r F••iival 10 R•etorl¢hurchwardgn 11 Chureh organlsoundlaudlo 12 Church b•ll ren•wallmalnt 13 Vlcarag• R•d•¢gratlon 14 St Benodlcts n)of r¢palr4 1S Olh•r Endowm•nt Fund¥ Total Fund$ 153322.95 0.00 -167313.32 0.00 592.50 200.00 1.70 0.00 0.00 220.00 54991.35 48.20 1076.71 13183.35 204.00 500.00 0.00 0.00 563.12 0.00 108006.00 0.00 0.00 7661.61 21818.68 16S.00 0.00 803.32 5773.74 0.00 1790.99 780.00 180.00 3089.73 83.53 1312.38 0.00 196761.93 0.00 S.97 -5647.90 .21818.68 -166.00 0.00 4085.70 JJ776.94 0.00 -275.25 0.00 0.00 -3089.73 0.00 -1256.06 0.00 -201484.55 S92.50 144.03 201S.41 0.00 0.00 220.00 49708.97 45.00 1076.71 14699.09 984.00 660.00 0.00 83.53 619.44 0.00 103283.38 0.00
chlal Church Coun¢ll or Wombou Notes to Financial Statements for Year Ended December 2023 Page 9 10 SOFA Comparatives 2022 Designated Funds(£) Endowments Funds(£) Total Funds(£) Funds(£) Funds(£) Incomlng Resources Donations and Legacles Charltable Actlvltles Other Tradlng A¢Jvlt1•5 Investrnents Other 101353.81 16078.58 1688.00 117432.39 25039.04 26727.04 23837.33 0.00 23S37.33 0.80 19.94 20.74 6487.24 4312.24 2175.00 164243.22 19961.52 174204.74 Resources Expended Ralslng Funds Charltable Actlvltlos Other 2445.02 2708.31 6163.33 158412.77 56697.03 1815.00 215109.80 735.17 2550.17 161592.96 61220.34 222813.30 Net galnllosses on Invèstment 0.00 0.00 0.00 0.00 0.00 Net IncomelExpendlture -7349.74 41258.82 48608.56 Transfer between Funds 0.00 0.00 0.00 0.00 0.00 Net m0vennts In Funds -7349.74 41258.82 48608.56 Total Funds brought forward (1st Jan 2022) 43774.81 0.00 112839.75 0.00 156614,56 Total Funds Carried forward (31st De¢ 2022) 36425.07 71580.93 0.00 108006.00
PAR C.HIAL CHURCH COUINCIL OF IVOIIBOL'RN'F. Page I Indeptndent Examiner's Report to iht tru5tits ofthe Paro¢hiAI Chur¢h Council of Ivombourne I repori on the accounis for ihe year ended 3151 Dcccmber 2023 which are M oul on paees 2 10 9. Respe¢tlvt re5pon5ibilities of Trustee5 and Indtpcndtn¢ Examintr -I'hL chariiy's Iru%lLLS iifL' fLSJX)nsihlL lor Ihc prL'paraiion ofihi finaneial %r(ilirpents- you consider Ihai an audii 15 noi rcquir¢d for ihis year undLr sL'¥livn 144121 of thL Chariiies Aci ?0111th¢ 2011 Acil &nd ¢h41 an indL'pcndeni examin*i(M is nLxYied. 112s my r¢sponsibiliiy io.. ¢X(uninL' Ihe dLLuuni$ under sL'Llion 145 1)I'ihL 2011 Act.. rollo¥%' lh¢ proLedurL¥ Iwd down in ih¢ ti¢nLrnl Dir¢ciions 8iv¢n b>. Ihc Charity Commission¢rs s¢ciion 14515llbl ofihL 2011 Aci; and slai¥ whLiher partiiulur rn&licrs hav¥ ¢omL 10 my alleniion. BASIS of Independenl Examlner's Siteme11 My examin¢liiOn curri¢d oui in UCCOTdanc¥ wilh GLM¢ral l)ireciions byiven by thL' Churity Cominission. An Lxuniinoiion inLludL% a revi¢iY of IhL accouniing r¢¢tsnls kLpi b> ihL' ¢hariiy a Eomparixin of the occounis prL'KniLd isiih Ihose rLLords. It ul.so inLludcs ¢onsidLraiion ofgnv unu$u&l ilLms or disil(isures in (he occounts, and seeking Lxplanaiion5 from you ILS Iru%lii% LL)llcLrninbi iJny such maiiLry. IThL pr(KLdurc5 undertsLk¢n di) Thi)I providL 4LII ihc ¢vid¢n¢L ihat i¥ould be r¢quir¥d in u full auLiit. und LonsL4uinily no opinion 1$ gi¥'¢n as 10 ivhether lh¢ accounts pr¢s¥1 a and fair vicw and the r¢pon is limilLd lo ihos¢ Inilei)en(Itnt F.x#miner's Stitemtnt In Ll)niiLLliiin ii'iih iii) L'.KJminJliiin. ni) maii¢rs hav¢ ¢ome lo my 'ni10.. I I which gives ML rL'&50nobl¢ cause 10 believe th in Jny maieriaj reSffl th¢ requirements: al io k¢LP iILcouniinbTr records in uccordanc¢ iviih seaion 130 ofihi 2Ql l A¢1: or bl Ii) prLPiifc IKLouni8 %vhich ac14)rd iyiih Ih¥K' cOun11n8 rLrords iinil comply iviih ihc accouniin8 rLyuir¥'mLn15 ofihL 2011 hllvi noi b¥en mL¢', or 2110 u.hich. in my opinion. attention Should be drawn in order to enablL a propcr urmlcrsiand ofth¥' ac¢ounts io be rcached. Collll l)ulton FCA Dxlton I>r{lot Ltd Churtcrcd ilccount#thts 794 High Street Kingswinlurd Il'e5t Ilidlands DI'6 8BQ 3rd April 2024