BUCKNALL: PAROCHIAL CHURCH COUNCIL Charity Number 1129234 (The Parochial Church Council of tho Ecclosiastical Parish of Bucknall, Stafftirdshire) FINANCIAL STATEMENTS For the year ended 31 D¢¢omber 2023 Howsons Chartered Accountants Independent Examlners BUCKNALL: PAROCHIAL CHURCH COUNCIL INDEPENDENT EX￿lINER's REPORT TO THE PCC OF BUCKNALL TEAM MINISTRY This report on the accounts of the Parochigl Church Council for the year ended 31 Decembar 2023, ich are set out on pages 1 to 10, is in respect of an examination canied out under the Church Accounting Regulabons 2006 {°the Regulations") and S.144(2) of the Charities Act 2011 ("the 2011 Act.). Re$pectlve responslbilitles of I￿￿tee$ and oxamirier As the members of the Parochial Church Council you are responsitrAe for the preparation of the accounts: you consider that the audit r8quireTnents of the Regulations and section 14412) of the Charities Act 2011 (the 2011 Act) do not apply and that an independent examination is needed. It is our responsibility to issue this report Ilw accounts in accordanc8 Wth the temis of the Regulations. It is my responsibility to- - examine the accounts under section 145 of the 2011 Act to follow the proc8dur8s laid down in the general D]r￿tionS gNgn by the commisston under section 145(5)Ib) of the 2011 Act - lo state whelhar particular matters hav8 cnme to my attenti Basls of Indgpgndgnt examinerfs report Our examination was carried i)ut in ac(￿rdanCe bmth the General Direction$ grven by the Charity Commission. That examination indudes a review of the accounting records kept by the Parochial Church Council and a comparison of the accwnts vrith those records. It also indudes Gonsidering any uriusu81 items or disclosures in the accounts and seeking explanation5 from you as truste8S conceTning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and Consequently opinion is gwen as to whether the accounts present a rue and fair view. and the retx)rt is limited to those mattets set oul in the next ststement. Independent examinerfs statement I have completed my examination. I corbfimi that no material matters have come lo my attention in connection wth the examination giving me Ixuse to bdieve Ihat in any mat￿la1 respect: accounting records were not kept in r&8pect of Ihe Tntst as required by section 130 of the Act or the aL￿Unts do not accord %￿lh those records. or Ihe accounts do not compty with the appliGaUe requirements conceming the form and content of accounts set out in the Charities (Accounts and ReFKrts) RegulatH)ns 2008 other than any requirement that the accounts gtV8 a true aThJ fair view which is not a matter considered as part of an independent examination. I have no conGems and have ccKne auoss no other matter in connodkM vjith the examination to which attention should be drawn in this report In order lo enable a proper understanding of the accounts to be reached. Reb•cca Williams Chartered Accountant Howsons Chartored Accountants Winton House Stoke Road Stoke-on-Trent Staffs ST4 2RW Date.. BUCKNALL" PAROCHL4L CHURCH COUNCIL ANNUAL REPORT For the year endgd 31 Dgcember 2023 Aim5 and purpo$•s B￿kn8]I Parochial Church Counryl IPCC} has the r&%)(MJsibilty of cwpwating wlh the incurrthgnt, the Rev&r8nd David Street, in promotirvJ in lh8 ecdesiastKd parish, the whde mission of the Church, pastord, &v8ngèlisti¢, 80¢181 and 8uJmeni¢81. h 81s0 has maintÈnan¢e restM)nsibilities for Ihe Churche$ of St John's (Abbey Humonl. St Stephen's IBentileel Sl Ma￿S {Bucknalll Flus tho Marychurch Centre {Bucknalll. Church att•ndanc• Th8rè are 168 parfshlon8rs on th& E181knrydl Rol. Thè 8vér8g8 w88kly att8fKIa￿ in p8rson was 132 8duMs and 40 under 16.8. but this number increased at les￿aL8. In addith)n w& h&J an average of 38 p)ining in wth 'Church at ￿Me. seNlc6s via 'YouTube'. (￿r ￿￿[ShiPpin9 (x>mmunty totals 295 induditvJ rni&w6ok activities. Obioctives and activities Th8 PCC is CoMmrLt￿ to ènabliro as many wple as ptiss1t￿8 to worsh￿1 at churth88 and to b8come part of our parish community across Bucknal, AJ)bey Hulton and Bentilee. The PCC maintains an oveNiew of worship thTOtEghout parish and makes suggestions on how our services can involve the many gTOUPS (hat live within our parish. Our online presence. serv(ces 'irN)eTson' ￿)rshiP put falth into practicè through prayef and 3c¥iplure, music sacram8nL When planning our acbvrbes for the year, have consideTed the CommL%sK)n's guvjance Dn publlc benefrt and, in parbcular. the suptAemgntsry guidan¢o on ¢harAw for the advancement of rdigion. In parbcular, we tsy to enable ordinary people to Inie out their lailh as part of (wjr pansh communty trwJgh: - Worship and prayer., learning about Ihe Gospel". and develcying tr*ir kThJwedge and trust in Jesus. - Provision of pastoral car8 for p80ple Irvi￿ in Ihe parish. - Mtssionary 8nd outrèach wor 2023 has again been a busy year wth kjts goi￿ on. k)ts of opp)rtsJnitrès and re$L￿r￿ stretched across the t&arn. My he8rlf81t th8nks to fellow leadèrs. to thos8 that have stepped up, tsken on addition responsibilty, stepped out into new areas of service and given of themsefves. It has been a privilege for me to continue to serve as Chair of Govemors at our Church Schcd ￿ngsland Academy and throughout the year the staff team have worked dosety *ilh school tn our shared rniss>on togelher k) ILThI families, both and thr(xNJh wr (*ur(* The developing w?rk of Rev Rob as sdh)oJ chaplain 15 Ptoneering (Trati￿ chrisb.an di5tincliv8nes8 rurt ￿lY at Kingsland but a¢x95S the &hool Trust and also has an impact across Ihe %￿der Diocese. We cnnttnue lo pray for Rob as he coMk￿eleS his Curacy whilst mhnistwing full time in sthwl. It is so encouraging tD rerall the hundreds of school thiklren who hear Ihe g￿)d news of Jesus regularly in schools and mid week through our clubs., Ihe many families Ihat wè hav8 connerjed tr¥ through Baptisrn ministry., tho decisions lo follow Christ that we have (zlobrated am(ryst us, the confim)ations that were d8cla¥ed: th6 weddings that we have conducted and fune￿1 faTnilie5 that have been supported. Even those now in residential care heve been supwrted al Oak Priory. Hdly Lojge and Chesford Grangè... Thank You. Throughout the year the L(￿1 Leadership Teams have met arKJ rTry thanks to all who have setved in this capacity, attending meetings, beiry involved in discuss￿, prawThJ and taking responsibilityfor Ihe day to day nning ol Our Churches, their vision and thair activit"&s. BUCKNALL: PAROCH￿ CHURCH COUNCIL ANNUAL REPORT (Gonllnwl} For thè y•ar •M1￿ 31 December 2023 The PCC. as th8 legal wmlThJ bcAty of rAJr Parish. has met to ovetsee Ihe mana9ement, critK81 Safeguardtyhg, finan￿ and legal respOnsi￿￿ty of frf8 togeljw. Thank ￿)U to our PCC reps w￿) havè completed their terrn and others have 8terved up. HBartfelt thank5 to Ann chap￿11 as 8he the mantra u[saf￿UardIng W to K¥n Webb. As a PCC, we have made 8very efftjrt to use gthings to share aryc65 Ih9 districts the life and work of God's kIn￿10M amongst us. whilst praywvJ a￿1 wor$hw￿ togethgr. Equafy, those the Bishops licen58 have rnet as th8 Parish Leaderstr¥p Team to surwt arK1 rKay for one another in their respe¢tNe roles. Our church ward￿$ across the Parish do ￿ InLwjl￿ Job sperAal thanks to tlw)sè who are standing dovm thls star and lor those oflering to take up Ihe rrAe. AS wè write this re￿ l am preparing to move ￿ from my role as R8Ekn 81 Bucknal and as the team Works together. rather Ihan in isolat￿. I rernain C(￿rtht that there are exrabng tim88 shead. We have a vibrant and eythng hlstw 88 a Parish, and wnise that many of th8 faithfvl m8rnb8Ws of Dur churches are now Increasing in years. Wa have seen IhroughLXJt the yÈar. some mLth loved thur members 'promotad to Glorf **ich. whlst cu seojre that are safe in their SaV￿￿s arms, leaves notiwble emPt￿esS to both ckdrs and h8art8. The (*aleng8 as we lo(* Y(¥wa￿l is io be a Bucknal Tewn g￿￿ bad8rship structures 8nd accountsbilty. G(MMI and effediye {￿mmUn￿￿1￿￿ ￿*[ b8 wnperi￿9 Ilwh the vacancy as the T88m moves forward together and seeks to appcrfit a new Rector in due wjrse. We we one ¢hur¢h, that meets rnuttiplo venues and just as the Acts church devotd itself to t8aching. [e[kr•￿IP. the iwking ol bre*l aThJ to prayer, we ar8 cAl￿d to th) the same. As they p￿d￿ed GCKI and ate toyetTr￿r WEth glad anLI sinwg earts, the Lord added to their numtwthLEe who were being saved. Maythis akn bè true of us. hievements and perlomian¢¢lrekn of thg Di5coverlng th• h•art of G*)d: W8 have sought God's haart through Imtr ￿￿shiP. in and as have ￿￿￿orned and encour8ged othars to grow in thew tsith. l are welcorn8 to attènd our rngular servicw, Ihe PCC are keen to offer a rnnge of swices t4)th in person and on line during lh8 week and over oxyse ot the year that wr COrnfflLW)ibos find both benefSdal and stwitualty fvlfilling. AE wel a5 our rpgLAar Serwr￿, w8 8nabl8 LrfflmLmity to ￿lebrats and thank God at the milestones of the joumey thrcwh life. knugh Baptism. Marriag8 arKI Funeral Servi￿5. We continue to work towards bècclning rn0￿ dementia friendly ch¢xthes and L￿e is part of the 'Safe Place5. 5theme and all thr8e dislricis have offewd Wwm sp￿$, acbvitEs offerfng a W8TTn place to slc plus toa. fy)ffee and ¢oasVcako in wnse to the inuease in c*tsts. We are cornmitted to daity wayer and worship. daily r8adings and tMNe stuty notes and wr pubSc worship Is accessible and r818vant to ow community Mth mc¢Jam music a￿d engaging tethin9 and preaching. Our faithful prayer groups ha¥e ¢OntTh￿ to meeL Men's & iAdiB5 monthty broakfast have ¢ontinued and part￿1pant5 pw and seek to gro• t(￿thr. Through regular blble teachro and prayer. ￿ have segn at In pwle'8 INeS and peopl8 grow in their fatth. Growing Dis¢lpl•s We've b88n ta8chlng al God's p￿de lo b8 ambassthts tor Jesus In thw"T hcthes and cc*nmunrt¢g& BUCKNALL: PAROCHIAL CHURCH COUNCIL ANNUAL REPORT {continued) For the year ended 31 December 2023 We encourage people to invest in their ovm spiritual life through daity devotion, bible study, worship and prayer for one another. Members have participated in discipleship groups, prayed together, shared breakfast and prayer and 'spurred one anoth8r on to love and grKKJ deeds" Mid-week Bible Study groups have continued across the parish throughout ihe year whether meeting in person or (mline, followng different material and looking trj appty scripttjre to our lives. We hav8 continued to support our lay leadars and give Opp￿￿nitieS for them to flourish in th8ir ministries. Reaching new generalions Youth wort across the parish cC￿tinueS to grow and Ilourish. 'Fusion' and 'LKJhtbeams' groups continue to meet with apprO￿rnate[y 70 chiklren attending across the groups each week. , Our dedicated voluntsers tho enable both mrd-week and SurKlay ieadership, have offered creatlve and inspiring teaching and helped to draw the next generation doser lo Je5us...for vjhich we are so thankful. We have built on the strong relationships with our schocAs, vth cl@rgy and chutr* members serving as Govemors and working closèly in our mission tcyther to Ictal families. both visiting and leading activities in schools and welcoming children and staff from local schools into the churth buildings throughout the year for seasonal celebrations, and also the bcal Ojbs & Scouts. The Lighthouse Centre. a partner%hip inv(Aving Lithfield DI￿ese. lfjng￿and Academy and Bucknall Parish which seeks to support local families was 5 years okj in September. It continues lo run parental W0￿$hopS wth parents arKI children joining together tr) complete aclNities each half term, a weekly playgroup organised and delivered by our community and Friends ¢)f the Lighthouse Team wth an average of 18 babiesltoddlers arKI parents each week. The Lantem Café holds regular special events aThJ lunches where mernb￿s of our church community come together to share lunch ￿1h the ehiklren, along with various craft and support groups tor local famili8s and proj8cls such as 'Remini-sing . with school choir members and church community m8mb8rs leaming old and new songs. and sharing many memories. resulting in pr￿1￿¢t￿)n of a CD and a concert ir) St Marfs Church. Groups for Toddlers and their parents have (x)ntinued to meet supporting young familles in their practical, emotional and spiritual needs and are very wdl atterKling vthh a Yditing list system in opeption. Our leens have thoroughty enjoyed cOnr￿ling Iwth the Blaze city-wide prdyer events, gathering young Christians across the city and we have become part of Ihe Juncb'on youth network and have taken youth lo events in Manchester. Transfoming Communities W8 are (x)mmitted to seeing lfves transformed in the local area and ￿11 aim to be good news to our neighbours and friends. BUCKNALL: PAROCHIAL CHURCH COUNCIL ANNUAL REPORT (contlnuad) For the year ended 31 Decembor 2023 We are passionate abThrt otsr (x)mmuntbes, committed to b￿sing our communities. and tr) meeting their naeds spirilualty as well as helping in more practical vrdys. Outreath has been central throLJghout this year arKI has taken place in many differ8nt way5 as we have parthered with so many others in this wor A huge thank you to those have donated. vdunts8red and SUPFMXted theso inibatives. We have held 2 number of events to whith our communities have been invited including celebrati￿$ for the Coronation, a Flower Festival and Christmas Tree Festival. Christmas Lights Switch On. Communty Talent Show. Communty Cooking Proieet and Biker Churth and BlessiThJs. Due to the g8nerosity of so many volunteers, drmations and grants we have been ablg to help our communit18s wlh emergency fo)d and othei praclical assistance. Just a few examples of this are.. Our Foodbank Team continue to worf( in partnership wilh SknT CC to get practical help and support to those that need it the most. -supported local Care Homes wth seNces and support for staff. -Bl8ssings CLJpboards have provKled food and Suppr￿ for many overthe year -care & Share Fund. A number of mid-week groups have reaopened follo￿*d the pandemic includu)g Craft, Blble study, Drop in ￿fé. Wami Spaces Drop ins. Ow of our districts has become a KEYS recovery centre helping peop￿ detox and ffind freedom froi addiction Practlslng Generosity We encourage 'Trthing' as a Biblical and Spirtiual prinCi￿e arKI are committed to growing in generosty in our stewardship. We continue to commit to missional givirrfJ both home and abroad to trKJnour GCMI wth our tithe. During the year we have supported The Bible Swety. UCB Radio. The Romania Shoe box appeal. The Nappy Project, Cross Rhythms Radio Sfialion. Turkey SyTia Appeal, Macari Centre. supported local families through our Car8 & Share Fund and Blessings Boxes to name but a few. Throughout trbe year. peop18 gave 9enerousty of their money arKI time in vdunteering where possible for which we are mosl grdteful. Flnanclal Revlew £172,518 {2022 £168,792) was spent to provTde Christian ministy from Bucknall, 1ndL￿1￿9 the contribution to the diocesan parish share vthtch largely provides the stipends and housing for the clergy. The sum that th8 Churthe5 in the parish have to find is shared betr￿en the Churth8s according to formula. At Ihe year-end reserv8s Iwhith indude funds plus assets) amounted lo £319.444 (2022 - £299,571) The PCC is principally funded by donations. wtlh sr*afic projects supported through granls. 8UCKNALL: PAROCHIAL CHURCH COUNCIL ANNUAL REPORT (contlnued) For the year endod 31 Dec8mb8r 2023 Investment policy It is our poliw to invest our excess fijnd b818nces Y￿1h the CBF Church of England Fund. The PCC'S policy is to safely commit as much as possible to charslable objects whilst retaining sufficient funds lo meet ongoing commitments. Reserves policy A reserves policy has be8n adopted to ensure that adequate funds are retained to meet ongoing commitments. The PCC seeks to obtain surricient continuing income resources to fund its expenditures, particJlady those that are incurred in activ￿.&$ directy related lo the work of the Church. Safeguarding The PCC believe they have fulfilled their duty under secti(M S of the Safeguarrling and Clergy Discipline Measure 2016 (duty to have due regard lo House of Bishop's, guidan￿ on safeguarding children and vulnerable adults). Fundraising The PCC takes il's fundraising Trsponsibililies Serious￿ and is very gr3teful to all donors whether regular or occasional- for their support of the church arKI church events. Whilst fIrtan￿ remain a challenge we have also been trijty blessed. During 2023 we acknowledge and give thanks for. . Our committed rnembers who throughout the year continued to faithfulty gwe . IDhe financial support of our lo￿ Ward Counullors for a number of initiatives across the parish, . A number of grants and donations r￿1ved induding The Communty Foundation. L￿hfIe1d DiLWe. Epic Housing. the John Flock Fund. Thrrve at Five . Signtficant supporl towdrds our Parish Share from Lichfield Diocese and the share credit scheme The PCC take full responsibility for fundraising and do rK)t use commercial organisations or professional ndraisers. All money oised is either by donations, fundraising events. special appeals. grants or legacles for ￿1¢h the PCC are most grateful. Volunteers The members of the PCC would like to thank all the volunteers vtho gtve so much of their time and eneryy to ministry and mission across the parish arKI work so hard to make our Churthes a lively arid vibrant community- Structura, Governance and Management The method of appointment of PCC m8mbers is sel out in the Church Representation Rules. BUCKNALL: PAROCHIAL CHURCH COUNCIL ANNUAL REPORT (continued) For the year ended 31 Decembor 2023 Our PCC consists of our Clergy team. one Lay Ministy Representative plus from each District the Wardens, one Deanery Synod Representativ8 ar]d other members e￿cted at the Annual Parochial Church Meeling. by those on the Electoral Rdl. Some PCC members rec8ive training from courses run by the Diocese. Members of the congregathM are dways urged to join the Electoral Roll, and to stand for election to the PCC. The PCC members are responsibl8 for making delision on all matters of gen8ral collc8m ar)d importance in the parish, and for all finanaal matters. The full PCC mel S time5 during the year an average attendance of 72 %. Local Leadership Teams of the three drfferent districts met be￿een meetings and notes of their d81iberations V￿re receivad and discJJssed by the full PCC along with regular report from the Lighthouse Centre. Administratlve Inforrnation The name of the charity is The Parochial Church Council of the Ecdesiastical Parish of Bucknall, Staffordshire. The charitys registration number is 1129234. Bucknall Team Ministry is part of the DK)cese of Lthfield within the Church of England. The charity's principal addr&8s is The Parish Office. 153 Werrington Road, Stoke-on-Trent, ST2 9AQ. Our website address is: www.bucknallteam.org.uk. The charity Is administered by Mrs L Brough, who is aL80 an e*led member. The accountants of Ihe charity are Howsons, Winton House. Sloke Road, StrJke-on-Trent. ST4 2RW. BUCKNALL.. PAR¢XHIAL CHURCH COLIPKIL ANNUAL REPORT1¢on￿￿￿1dI Forth•)w•nd•d 31 DK•mb•r2023 nbtt*hlp Te8m Redf tssodate M¢ar Psri5h Curete Rewj R0bBrtGO￿Wd AS￿8f£￿t M￿31￿r Werderoj.. MrBnan De￿n Ms EMMA t>obson Itrtyn W231 r¥ P*hl Vrtyn 23) Mrs Keren PA¢G￿neSS (MUry23) MrSf4nWaTtBn Deanery Synod Reps.. Noele Mta kne 8ru h991 FkJlrn8 Mrs Gil Sin I W23) klrs Dia hAr rs Street Mrs Helen P 111 111 TOTAL INCOME 156.924 35.467 192.391 151,267 EXPENDtTURE Grants 3{a) 4,416 7,382 1,435 Activities directly relating to the workof the thurch 3{bl 138.719 11,806 150.525 154.683 Fun&raising and publicaty 31c) 4.751 4.751 5.695 Church management and administration 3(d) 7,685 2.175 9,860 6,979 TOTAL EXPENDITURE 172 518 168 792 NET INCOMEI{EXPENDITURE) 6,104 13,769 19.873 (17,525) TFIANSFER BETWEEN FUNDS {6,461) 6.461 NET MOVEMENT IN FUNDS (357} 20.230 19,873 (17,5251 TOTAL FUNDS BRouGF￿ FORWARD 317 096 TOTAL FUNDS CARRIED FORWARD 299 571 The notes on pages 3 10 10 fom part of these aixthnts. BUCKNALL: PAROCHIAL CHURCH COUNCIL CONSOLIDATED BALANCE SHEEr As at 31 December 2023 2023 2022 Note FIXED ASSETS Tangibl8 frxed assats 241.409 251,185 CURRENT ASSETS Debtors Cash al bank and in hand 36,509 57.886 24,586 69,368 94.395 93.954 CREDITORS.. AMOUNTS FALLSNG DUE WITHIN ONE YEAR (16.360) {45.568) NET CURRENT ASSETS 78,035 48,386 NET ASSETS 319.444 299,571 FUNDS Unrestricted Restricted 98.815 99,172 200,399 319.444 299,571 Approved by Ihe Parochial Church CouncAI on ..IS ....AFP..!L. THE REVD. D. STREET CHAIRMAN MEMBER The notes on pages 3 to 10 fomi part of these acwunts. BUCKNALL: PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the y8ar èndèd 31 D•e•mb8r 2023 1. ACCOUNTING POLicJes The PCC is a pubfjc benefrt enfity witP¥n the mearung of FRS101 The finanoal stalements have boen prepared under the Charities Act 2011 arwj in acc￿danCe w￿1h Ihe Churth Accwnting Regulation5 2006 goveming the indivldual accounts of DCCS. aThJ wih th9 regulations Irue and fair provisions. together th FRS102 120161 as the awicthe acc(xJntiThJ standards and thè 2016 vètsw)n of tha Statamènl of Recomrnended Pracbce, AccoLtnting and Reportry by Charitres IFRS1021. The financial stslements have been prep8r*1 undar the histc¥lol cost ¢xxwantk)n èxc8Pt lor tha vsluation of inv88tmént assèts, vA)ich ars shown at fair vvlue. The accwnts consolidats the ao)yJnts of fhe Churths of St M￿￿S. St Slephen's anrj St John's akjng wlh the paiish offltse. The accounts include all transacuons. assets and ILabilities for whith th8 PGC 15 responsibl8 in law. They do not includè thè aLxounts of thurch groups that thew rnain afmialion tD another Wy nor those that aro infomal gatherings of Church nwmbers. Funds Unrestricted fund5 Fepresent th8 funds of Ihe PCC that are rh)t subj￿1 to any rgstrictions regarding their use and are available for application the ￿er￿al purposes d thè PCC. Funds dasignatèd for 8 p8rbcular purpose by th8 PCC are also uNe5bictaJ. Restrict8d funds 1x)m[￿se of revenue donabons or ￿an[S for a specific DCC activty inleThJed by the donor. Wh￿e these funds have unspent balances. interest on their pyJoled investrY￿t js OPtx)rb.on￿l to th8 indwidual funds on an averdge balance basis. Inc¢)me and endowments Rac¥￿n￿On ol Incom8 and anckJwm8nts These are in¢luded in th9 Statgwnent of Finangal Athitses ISOFAI *then: 1. the PCC becomes legally entitled to th& us& of the resour 2. and infiow of economic benefft is probable.. and 3. the rnonetsry value can be measured sufficient Tdiats"lity. Voluntaryincom& and capitalsou Collections ar8 recognised when received by behalf of the PCC. Planned giving r￿e1Vable under (x)vonant is recoJnised (dymtsrb received. In¢orne tsx recoverable on covenants or gift aky dOnatiC￿ is recDgnised th8 Incoma is rècognisèd. Grants aThJ legaa8S to thè PCC are a¢cthint8d fw as sts)n as tha PCC 18 1K)tif￿ d its ￿981 entitl￿ent and the amount due. Funds raised by Ihe fete, garrkn pariy and &rnilar￿ts are ac￿￿nted forgross. Sales of books and magazines from the thurch bc(*slall a￿ ac￿unted forgross. OtherordinaryincotTr8 Rental income from Ihe lètting of d)urch premtses Is rwissd Trh*8n th8 rent￿ is due. BUCKNALL. PAROCH￿ CHURCH COUNCIL NOTE8 TO THE FINANCIAL STATEME14TS For the year fjndod 31 December 2023 1. AccouKllNG POLICIES Icontlnuod) Incom8 from inveslrnen15 DividetKls and inlgrest arg a￿nted for th ￿e1Vable. Tax lety￿eralAe on gjd) irwme is ￿¢(￿JnISed in thè same accounting year. Exp•b)dlturn Gtsnts Grants and donakn'ons are accounled *tJen p￿d over. or ￿ award￿. rf th81 creates a blndlt obligation on the PCC. Activ￿85 ditsctlY￿1af1ng to Ihe work of the CIN￿ Th• tho￿an quota or pabish share is ￿r￿nted for ￿en payable. Any qEK)la unpaid 4t 31 December is provided for in Ihw a￿OuNts as an operational (though not a legall 1lalx.lity aThJ is Sh￿ as a creditor in the Balance Sheet. l other expend[lu￿ is g￿ralty re¢ognlsed V*then it ￿ in￿ffed aryl is arJxwnted fry grDSS. Galns end loss￿ on investments {unr88lised) The gain on investrrth re[￿esents Ihè movam*rt in mark8t vau8 in th• y8ar. Fixed assets Consecrated land and burfdirws and mov3ble chtKch fumishings Consecrated and be￿fiCed wopety is eX￿￿led trum th8 al￿urrtS by S.1012Xal of Ch8tit*s Act 2011. No valu8 is placgd on movablè church f¢Jmishings hdd by the churchwardens on special fjust for the PCC and which r8quire a faculty disposal sinr* lh8 PCC ¢onsidors this to t* inali8nablg property. expenditure incurred d￿Ing thè year on (#)rtsecraled or benefi￿ b￿ld1r￿ and mveaNe thurch fumishings, whether maintenance or imwovemenL is fft18n i)ff as èXt*fKlilure ￿ thg Statgmgnt of Finan￿81 Activitks and 8eparat81y (tisCloS￿1. OÉhorfixtuTrs. ffttlngs and off￿ equiprn8nt Oepreciation ts calculated so as to ￿te-off Ihe o￿tna C￿51 by eq￿ annual instalments over the 8xpect8d useful Iwes of thg assets Ix)ncgmed. DeprEci8k￿ is £*harged in full on al assets puithased during th& year, but it Is not charged on assets disposed of duriro the ygar. Bulldings are depreciated al a rdt8 of 2% w annum on a str8¥Jht4in8 t￿1$. Equipment used wthin thè thurch prerNses i8 dep￿￿81&d on a str￿ght4lne ba￿ over4 ye8T8. C[￿puter 8qU￿￿tt ts depreaaied c•) a straVJht4l￿ bags ovw 3 Jtars. BUCKNALL: PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the year ondad 31 Dec8mb8r 2022 1. ACCOUNTING POLICIES Icontinuedl Inveslments Investme¥)ts are valu9d at fair value at 31 December. Current as¥gts Amount8 owing to tha PCC at 31 DecemLw in respect of fees. or other iKome are Sh(A￿ as debtors less p￿￿$10n for amounts that may prove urKoll8¢tsbl8. S￿)rt-leryn deposits indud8 Ixsh hetd on dew)slt 8ither V+Sih the CBF Churth of England Funds ￿ at the bank. Irrecoverable VAT Irrecoverable VAT is written-off ￿ cap11￿15￿j as trthrred. t*tng indud&l In the amwnt of the approwia &xpeThJiture. 8UCKNALL'. PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEIIENTS For the year ended 31 D•e•mber 2023 2. INCOME AND ENDOWMEKrs Total Fund5 2023 Total Funds 2022 Un￿strICted Funds Rastricted Funds 2{a) Incoming resou￿8$ from dono Planned giving.. Cov8nants Incom& tax recoverable on covenants Uncovenant8d Collections (open plate} al all services Legacy Sundry donations Grants 33.520 38.520 9,864 33.698 8,567 36.352 9.702 29,287 7.132 33.698 8.567 13.105 5.713 18.818 16.855 10.713 2{bl Other volunt8ry inGoniiTrg resources Grants Children and youth F8t8s, bazaar5, Other fund-raising events 939 16,900 1,629 4.239 17,839 1,629 5.750 3,682 3,441 22,768 21cl InGome from ch8ntèbl8 and anullary tTrding Lettings Cat8ring and refreshments 53,438 53,438 1,986 40,624 2,08Q 1.986 55.424 21dl Ofher ordinaryincoming r9souttEes Insuran￿ daiThtslolh8r 2101 Incom8 from investments UK Bank￿Ul]ding society intsresl 111 111 44 TOTAL INCOME 192 391 151267 BUCKNALL: PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCLAL STATEMENTS For the year ended 31 D¢cgmber 2023 3. EXPENDITURE Total Funds 2023 Total Funds FutKIs Funds 31al Grartt$ MSssk)nary and tharitatrA8 giving- Missk)nary societies Home missions and other chU￿h Societies Sundry dc*)attons 2.168 2.168 320 419 3.385 1.115 3 Ib) Activities relating to Ilja work of thg chur Ministy". Diocesan share Clergylcurate expenses Ministylrector expenses Church runnlng expenses Church maintenan Upk88p of s&Nthlathvlties Events Church hall running ctrsts Repairslreplacements Children and youth Sundry tsxpenses DepreL#ation of fix&1 assets Salaries Room hire Parish and youth residenlials 43,242 43.242 70.612 2.103 43.453 10.530 43,453 11,730 455 422 17.146 883 771 7,353 9,776 12,9(X) 29.233 16,841 213 602 2,466 1.337 414 8,151 9,776 12,900 17,146 771 4.714 2.793 12,9)0 6,983 138,719 11.806 1Y).525 154.663 3(c} Fund andpubfvGity Costs of f8tes. bazaar5. ot1wf￿H raislng ev￿1$ 3.614 3.614 4,724 Catsring and refreshments 1,137 1.137 971 4.751 4.751 5,695 31d) Chtwch Printing and StstKnery Admlnistration AuditDrfs remuneration- ac￿un￿.ry servlc6s 3.179 1.8 3,179 3.981 3.230 1,349 2.175 2.7(X) 2,71Y) 2.400 2.175 9.860 6.979 TOTAL EXPENDITURE 21,698 172 518 8UCKNALL: PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMEMTS For thé year onded 31 December 2023 4. STAFF COSTS Th8 average number of p8rsons emplo￿ by the PCC during the ye8r was 212022 - 21. (yJnsisting of a part-lime administrator and part-time deaner. No emplgyees have emoluments above £60,0W. The aggregate payToII costs of these Pe￿n$ were as follows: 2023 2022 Wagès and salari&% Social security Pension ¢os 16.512 16.345 376 376 5. TANGIBLE FIXED ASs￿s Computer Equipfflent Office F￿L￿r&S & Equipment Equipment Buildings Total COST At 1 January2023 Additions 453,824 13,836 12.370 70.527 550,557 At 31 December 2023 453 824 13.836 12,370 70,527 550 557 DEPRECIATION Al 1 January 2023 Charge for the year 204,039 9.076 13.836 12.370 69,127 700 299.372 9.776 At 31 Decembèr 2023 213.115 13.836 12.370 69.827 309,148 NET BOOK VALUE At 31 D￿ember 2023 240,709 700 241,409 Al 31 D8cember 2022 249.785 251 185 Buildings are slbJats￿ on18nd ovm8d by the Diocw. BUCKNALL: PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMEKrs For the year endod 31 December 2023 6. ANALYSIS OF NET ASSETS BY FUND Unreslrii*ed Restricted Funds. Funds Total 2023 Total 2022 Fixed assets Current assets Current liabilibes 83,618 17,970 (2,773) 157.791 76,424 (13,587) 241,409 94,394 (16.360) 251,185 93,954 (45.568} Fund balance 98,815 220,628 319.443 299,571 7. DEBTORS 2023 2022 Incom8 tax r8coverdble Other debtors Accrued income 19.264 2,412 14,833 17,141 1.342 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Parish share Other credttors 13,587 43,048 16.360 45,568 BUCKNALL: PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2023 9. FUND DETAILS The restricted funds comprise the followirvJ: Lichfield Diocesan Trust Youthlresidential grants Grants and donations for the communty The restricted fund also comprises the building project at the Welcome Centre and Sl Marfs Church Centre along wth projects for which speafiG grants have been received. 10-