Annual Report and Financial Statements of the Parochial Church Council of The Parish of Central Wolverhampton st For the year ended 31 December 2024 Registered Charlty Number: 1130297 Poge I DIOCESE OF LICHFIELD JL )r Come follow Christ in the footsteps of St Chad The Parochial Church Council of The Parish of Central Wolverhampton st Trustees, Annual Report for the year ended 31 December 2024 Charity re8lStratlon number: 1130297 Ob ertTrves and Activities The Parochial Church Council of The Parlsh of Central Wolverhampton (the PCCI has the responsibility of co-operating with the incumbent Ifollowing the departure of the Reverend Prebendary David Wright August 2023 the Parish rernain va¢ancyl, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral. evangelical, Social and ecurnenical. The PCC is also spiritually responsible lor the maintenance of the church The PCC is committed to enabllng a5 many people as possible to worship 3t our church and to become part of our parish community at Central Wolverhampton. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many 8roups that live within our parish. Our services and worship put faith into practice through prayer, scripture. music and sacrament. Also, through noll sacramental activities of hospitality and fellowship we aim to reach non thurched members of the community. Ptsblit Benefrt The trustees of the Charity are aware of the Charity Commission's guidance on public beneflt in The Advancement of Religion for the Public Benefit and have had regard to It In their administration of the Charity. The trustees believe that. by promoting the work of the Church of England tn the Eccleslasti¢al Parish of Central Wolverhampton, it helps to promote the whole mission of the Church Ipa5toral, evangelistlc, Social and ecurnenicall more effectively, within the E¢cle5ia5tical Parish, and that in doing so it provides benefit to the public by.. Providlng fa¢ilitie5 for public worship, pastoral care and spiritkjal, moral and intellectual development. both for its membors and for anyone who wishes to benefit from what the Church offers,. and Promoting Chrlstlan values and Service by members of the Church in and to their communities, to the benefit of individuals and society as a whole. Page Z Achievements and Performance PCC Secretary Report 2024 2024 wa5 an unusually busy year for the PCC, with seven meetings (including the short meeting after the APCMI, one vote taken by email and a large PCC attendance at the pre-section 11 meeting held in February. Average aitendance at meetings held in person was 55%. Meeting5 have received regular reports on parish finances, tsn child protection and safeguarding and on the work of the Deanery Synod. Updated Sofegutsrding Procedures were approved at the September meeting. District churches have also given regular reports on their work. Meetlngs were dominated by the vacancy process. After the retiring archdeacon had set things in motion in February, a profile committee was established and began to prepare a profile for the post of Team Rector. Then the April meeting decided to write to the Bishop requestinE that the nature of the post be reconsidered. The p0s5ibility of appointing an interim minister was raised, but we were told that this was not practical. Instead, it was proposed that we explore a pastoral reorganisation. in which the parish would be divided into two, one covering St Peterfs and St john's and the other Chad-mark and All Saints. We could then advertise for a priesi-in-char8e and rector-designate of the city centre parish. This was agreèd at the July meeting,. a5 part of this process we also askèd the Bishop to restrict the patron's right of presentation to the post of Team Rector, whieh he did. The profile group then worked on a revised profile, whlch was approved (subject to mlnor amendments) at the Septernber mèeting. At the same rneetln& a small comrnittee was formed to compose an advert. By November, both profile and advert had been agreed by the Diocese, though the advert had to be amended hurriedly in mid-December when it was found to be twice as long as the available Space permitted. By the November rneeting, we knew that the advertisement would first appear in January 2025. leading to interviews in late March if all went well. The November meeting also agreed to ask the Bishop to suspend the patron's right of presentation la stronger measure than restrictionl while the pastoral review went on. giving a new appointee adequate security of tenure. Ray Gaston was licensed as Team Vicar of All Saints. on 19, March. The Aprll meeting was pleased to 5VPPOrt Amy Bertaul in undertaking reader training. Valerie Fairelough ceased to be an asslstant priest in the parish durin8 the year and now ha5 permission to officiate,. conversely. towards the end of the year, Chijioke Qkiba moved from Pto to assistant priest. It was noted at several meetings that there were two v3cancie5 on the Academic Committee of St Peterfs Collegiate Acaderny, to which the PCC had right of nomination, but these remained unfilled at the end of the year. The PCC was well-represented at the Deanery meeting regarding Shaping for Mlssion and the Diocesan Strategic Framework in July. Thi5 Wa5 followed up by DCCS. but it is not clear where this process is at present. The PCC is grateful to all who have worked 50 hard to maintain the work of the parish, especialw St Peterfs and St John's, during a full year Df vacancy. Churehwarden5 and their deputies have given generou51y of their time and worked incredibly hard and servi￿$ have been led by a larÈe number of visiting clergv. Chris O'Brien PCC Secretary February 2025 Chrls tYBrfen Poge 3 Safeguarding Report 2024 In 2024 there were no serious incidents reported all the incidents reported needed no further action other than monitoring. The dashboard has been updated to show that the trustees approved.. The Action plan The Safeguarding Procedures 2024 Pebbles activity at St Peters Church Job descriptlons for Pebbles have been received No other groups have been reported to me 2024 ha5 seen the continuation of practlcal use of the DBS IDi5c105ure and Barring Servicel and we only now check specific categorie5. We have stressed on many occasions that all volunteers and staff be vigilant and communicate anything they feel is not quite right. 2024 we ensured that all Trustees had an up-to-date QBS check. The PCC has agreed that if a new member joining the PCC are willing but not able to obtain a DBS check because of identification then they will be allowed to serve on the PCC but this w(11 be agreed on a case by case b?sis. A clear DBS check remains mandatory. Those that are able and not willing to obtaln a DBS wlll be removed from the PCC as a Trustee. The Safeguarding comrnittee have produced a Flow chart of the processes io follow should there be a need to Teport an incident. Along with Pro-forma to complete these are held in each Chuich. It has been reiterated the need to send details of any incidents to me as the Safeguardin8 Co-ordinator. Failure to do this will be reported to the Trustees of the PCC as a Breach of the procedures we have in place. In 2025, 1 will be stepping down as the Safeguarding lead as I would need to attend a Leadership course. 2024 has seen the introduction of the Parlsh Dashboard. Because we have completed level three, we have been moved to level which we now need to complete. This will be completed in 2025. The Safeguarding officers now havè meeting5 Wlth Revd. Ray Gaston and anythin8 he feels needs to be escalated to me will be. I continue to retain contact via email. The PCC has agreed that all new volunteers are required to Sl8n a volunteer agreement which will be sent to rne to hold on file until they leave. This then mean5 that all Churche5 nèed to inform me when a volunteei leaves. The PCC wlll meet In 20￿ to accept the Procedures we have in place. It 15 imperative now that we are all vigilant and explained to people who think we are being pedantic that Safeguardlng is of vital importance Thanks go to the SafeguardSng Offieers in each of the Churches for their hard work in 2024 Kim 8enton Pgge 4 St Peterfs Collegiate Church Churchwardens, Report 2024 It Is now 17 months that we have been wlthoul a Rector and so St Peter's church ha5 been led and managed by a wonderful team of lay volunteers for the whole of 2024. We have been fortunate in being able to cover over 90% of all Euchari5tlC 5erviees and l arn extremely grateful to 311 of thè visiting priests who have enabled this to happen. On the occasions when we have not been able to provide cover, we have offered Mornin8 Prayer on a Friday and Matins on a Sunday which, along wlth most services of Choral Evensong or Evening Prayer, have been led bv a member of the con8re8ation. Other services held include an ordSnation. a licensin& the City Council's Civic and Remembrance services and we hosted a prayer service to welcome the new Bishop. TIM. The nymber of people attending our re8ular services has remained stable and it is good to see so many families with young thildren, many of whom attend a thriving junior Church. For younger ¢hildren, Pebbles continues to be held on a Tuesday morning and although we still have few attendees. it is much appreciated by those who do come. The church building is not only used for services though and this year has seen an increase in the number of groups and organi5ation5 who have held events 3t St Peter'5. Evening usè of the church has been made by Wolverhampton Grarnmar School, St Peter's Academy, the Police Cadets, the 8eavers, the student nurses from Wolverhampton University, The Samaritans, Wolverhampton Youth Theatre and we have had our regular bi-annual visits from Ex Cathedra. During the day we continue to welcome many school and adult groups for organised vi51ts, sorne for a whole day. with activitie5 and others for a talk and a tour. It is estimated that in 2024 we welcomed over 550 prearranged visitors in addition to those who come in to church for prayer, reflection or just to vlsit. Throughout the year, work has continued to repair the stonework of the Chancel exterior and it 15 now expected to be completed in Spring 2026. Work 15 also on80in8 to try and compléte the new lighting system. which is proving difficult to operate on our existing dimmer wrack. The church's heating System has also been updated to help reduce the runnlng costs but. even with the work done on the heating and lighting system5, we are still having to pay upwards of £500 a day to rnaintain the church building, which is not sustainable in the long term. Fundraising events in 2024 included the Summer and Christmas Fairs, and whilst they were financially successful and were very successful in bringinB members of the public into the Church, many for the first time, they are not a means by which we can sustain the payment of our regular outgoings. A priority for 2025 will, therefore, be finding other funding streams to enable regular maintenance work to be carrled out. Extensive work has also been carried out on the Rectory. This has been managed by the diocese and has included installing insulation and a new central heating system and boiler, whilst we hav8 maintained the @arden. Huge thanks are due to Alan Bickley. who has coordinated the work with the diocese and who ha5, Wlth his wife, Elaine, kept a close eye on the building over the year. At the end of August. our Director of Music, Callum Alger. left to take up a teaching p05t at Solihull School. We were sorry to see him go after the many years that he has been involved 3t St Peterfs. 2024, under Callum's direction, saw the choir sing Choral Evensong at St Paul's Cathedral in London. record a second broadcast of Choral Evensong for BBC Radio 3 and complete a week in residence at Exeter Cathedral In August. since his departure, the choir has been led by Matt Rose, one of our Lay Clerks, and we are extremely grateful to him for taking on this role, whleh has seen the thoir sing Choral Evensong at Hereford Cathedral and begin an Outreach project with local primary schools. We have continued to keep the church building open on weekdays from 11am to 2pm and regularly welcome around 30 people day into the church for private prayer. Thi5 could not happen without the willlng volunteers and to them l am extremely grateful. Also manned by volunteers Is St Pelerfs House. Sue Bowden decided this year that she would be stepping down from active duty in The House. although she continue5 to work'behind the scenes, and we are most grateful lor all that she has done over many years. The volunteers do a magnificent job, serving the people of Wolverhampton and helping to raise much needed funds for the thurch and we 8ive thanks for all that they do. Page 5 I would also like to record my thank5 to Alan Bickley and Diana Polowyj, my deputy wardens, who are a tower of strength and without whom the work of the Church would not be continuing throughout this pèriod of Vacancy. Deborah Castle January 2025 Deboruh Castle- Church Warden St John's In the squa￿ Report 2024 This was a good year for St. John's Church as we were able to achiève some positive outcomes and progressive resulrs.. we have been able to sort out the long non functioning Surge protector inside the Church and the Li8htening conductor to protectthe Church buildlng against any lightenin8 effect. This was contracted to Premier Technical Service5 Lirnited. PTSG. The Church's account settled the payment for The Lightening conductor and Surge protection repairs/replatement that was highlighted in the Quinquennial inspection report a5 "needing urgent attention" the sum of £1210 + Vat was agreed of the Surge protection for 5years but split and billed at £242 + Vat after every yearly vi51t of testing. The Lightening conductor initial inspection visit Iworks identified was billed at the cost £500 + Vat followed by c05t for other repalr work. A revised quote was obtained for the collapsed ceilin& followin8 the initial quotation obtained by The Revd. Preb. David Wright early in 2023 followlng a consensus to do so by The Church Management Group. The new quote received frorn PDS Plaster Ltd was for the sum of £7065.00 and that included investigating the cause of the ceiling damage, and the repair process to the ceiling. Thanks to the Buildings for Mission - Minor Repalrs and Irnprovements Grant offer that we were able to sourcè for fundlng. bv applying to The committee of Trusts. Projetts, Loèn5 & Grants ITPLGI for their consideratitsn with the help of Fiona North, Project support and Church Buildings Officer and Christine Rier, Church 8uildin8s Support Officer who kindly offered their assistance with the grant application following the List B approval by theArchdeacon5 office which was obtained for the plaster repair works. Thanks to The Church's architect, Stephen Oliver for hi5 assistance in the preparation for the List 8 approval proce5se5. A grant offer for 90% of the total cost which equates to the surn of £7204.50 was approved and the Church's account settled the IO% balance. Following the Church'5 gardener, De5rn0nd Fosterfs non responsiveness ¢0 the maintenance of the garden surrounding the church, t wa5 agreed by The Management Group to contract again A&B Landscaplng thai the church had previously engaged in the past to maintain the church garden. Their Service commenced in May 2024. The Firè extinguishers are due to have their annual check End of February 2025. They will be tested / replaced, as netessarilv required during the annual check. We had a number of well attended events: wedding, funerals and other functions in the year which arose repoTted parking issues, and damage In the Churchyard consecrated ground. It has been on rècord from year 2022 that'we hope to plant tree5 marking the late Queen's Jubilee and Archbishop's "Green Corridorf this will be on the north side of the drive. It was suggested to plant Rose bushes on the opposite South side and hopefully, this will resolve the problem and stop the parking on ton5ecrated ground". We had a number of School visits from both the Royal School and Wolverhèmpton Music School in the year. We welcorned back Wombourne Choral Society on 25, March 2023 for a performance of Mozert Vespe¥5. Also, Graisley Primary School visited for their Carol Service. Car Parkinw. During the year we have sold parking places to several new local companies that attracted a welcome increase to our Church's income. Allred Talubi Poge 6 st Ch3d & St Mark Report 2024 Churchwardens Report 2024. St Chad & St Mark. Dear members of the PCC, Sn our second rerm of office, with help from other members of church we have been concentrating on making a start on the work needed to be completed as picked up on the previous quinquennial. as well as other projects which have been put in place throu8h various funding that h35 been secured. St Chad s has a large and diverse congregation, from around the 8lobe. This in itself makes it a unique ¢hur¢h, both in worship, pastoral care. outreach and mlssion. Church and Grounds As you are aware there are still ongoing problems with damp and1005e plaster within the church bulldin& the screen that was fitted in 2023 to protect members from falling plaster and 15 Still in place. There are talks goinE shead regarding the roof and how we proceed with repairing the various problems of rendering, plants growing through the spaces, and the ingress of water. There have been talks with architects. and various quotes have been obtained, there are various talks goin8 on with the Diocese and various people in regard to obtaining funding and grants and setting up a faculty. The domestic operative is stlll èmployed by the DCC and continues to clean, the Church and toilets two day5 a week. Commvnity Centre The Comrnunity Centre is now open and being used for variou5 artivities and projects. Last year thanks to very 8enerou5 support from the Marsh Trust and City of Wolverhampton Council, the work was completed o the kitchen, a new disabled, all gender WC. Jericho foundation builders compleied the work and this is now signed off with litches rectified and the final payment has been made. Activities and Projects There are various activities taking place throughout the week. some of which are in partnership with other agencies. Wednesday- city of Sanctuary run a drop in, in the Church. Thursday- Sewing me Sewing you 10.30- 1.00pm (run in conjunrtion with Arun 8ector BME Housing Consortiuml Friday-Places of Welcome 10.30-Ipm which involves a 5ewin8 club, gardenin8, furniture restoration lin conjunction with Arun Bector, 8ME Housing Consortium). yoga class, and help with lookin8 for employment or chan8in8 jobs lin eonjunction with Wolve5 at Workl Sunday- Footbèll Club 1.30pm run by two members of the congregètion Henok Eshetu and Isaac Vivian continues to grow. The little Eden project also run on a Friday supervised by the garden Chaplain Annie is as usual doing amazing work around the church and vicarage, the impact this make5 on the mental health of the people who attendls extremely benefTdal Saturday- The Saturday food market run5 12-3prn which is still proving extremely popular with on average 52- 60 familie5 and households being helped. Thi5 15 staffed by volunteèrs on a weekly basis from the church congregation and members of the wider community. Both on a Friday evening collecting the surplus food and setting up and running the market on Saturday. The community fridge is now in place and this alongside the new kitchen helps with providing adequate storage and acceptable standard5 for food and hygiene. There are 17 members of both food market and church with Food and hygiene certificates. The Community meal takes place after the Eucharist Service on a Sunday. This FS cooked by both members of the congregation and is attended by both Church Members and wider community with between 60-90 people atiendinÈ each week. The grant from the Church Innovation Fund for the proje¢t"All God"s people" project was used to fund vaTiOUS projects. Adrlan Moore was given the post of Worship and Music Enabler for a contact of three year5, however he due to other commitments felt unable to continue and the post wa5 offered to Christopher Mazen. who accepted and with help from the Diocese obtained a visa and accomrnodation and is currently in p05t. Puge 7 People now gather for Worshlp at 10.30 and are led by Mazen and members of the music team in joyful son85. This has proved extremely popular. Nowrui night was held for the Persian Community in March. Payam Hemmatpour continues to work as Iranian/ KurdSsh Community Worker. We look forward to seeing the All God s people project grow and the continued impact it will have on both Worship and Pastoral Care. Figure5 In 2024 there was an average weekly attendance of 91 which included 69 adult5 and 22 children 27 People were baptised in church 5 children and 16 adults and 20 confirmations There was I funeral and no wèdding5 held in church and 3 funerals taken at the crernatorium by church cler8v Safeguarding lane Wolf agreed to take on the post of Safeguarding Officer D8S's and all the current safeguardin8 training is up to date. Children's Church The children's roorn heating pipes were boxed in, by a member of the congregation. for which we are most grateful. Children s church continues to be well attended, and the children enjoy a mix of learning and structured play led by various members of the mlnlstry team and others with appropriate DBS. Primary Schools Mlnistry Nishkam Primary school is visited on a weekly basis during term trme, where forty minutes of bible teaching is given by Rev Valerie and Dawn Ellis to around 8 Children. The school also come into Church at Christmas and Easter time along with Merridale Primary School. Also regular assemblies are 8iven at Merridale, Bantock and Nishkam Primary Schools by the Vicar Curate Rev Valerie remain5 at st Chad's and we continue to be ble55ed by her valuable ministry and Pastoral Carè. She is no longer licensed but has Permission to Officiate Rev Chijioke was given Permi5S1011 to Officiate by Bishop Micheal early in the year and by the end of the year we applied for him lo become Associate Priest in the district and thi5 IS 8oin8 ahead Future Plans There where plans to bring all relevant paperwork and docvrnentation on site and into the Vestry in a lockable cupboard. so access can be gained by all who need it, and the majorlty of thi5 was completed. New Alb5 need to be purchased in smaller sizes for the children who serve on the Altar. Work to the roof will be started after funding and discussion of the best course of action to take are put in place hopefvlly over the coming Springlsummer. now the tenders are in and after conversations with funders and the facilty in place. We would like to thank all who 5UPPOrt the work of St Chad and St Mark in their many different ways, each and everyone of you are a blessing. Cairying out God s work tirelessly showing Kingdom values and the love of Jesus in all you do. So many people give their time, talent and efforts to enable the church to continue to flourish and support so many. We are truly blessed to be a part of such a special, lively, diverse. welcoming, intlu5ive and unique famlly, God s family. We look forward to seein8 where God leads us this coming year as we move forward in faith. Dawn Ellls & Aliko Nelly-Wilcox- Church Wardens Poge 8 All Saints Rèport 2024 Report not received from All Saints This year saw the appointment of Revd Ray Gaston as interim Team Vicar at All Saint5 in April alongside his role at St Chad's & St Mark's. The first ADCM for a few years was held and officer5 and a DCC appointed, this has met 4 more times during the year reestablishing the proper procedure5 for the running of the church that had been absent. This includes the overdue quinquennial which reported no major issues and the church in good structural shape. The ASA for 2024 has seen a rise from 2023 from 10 to 19 with a figure including 14 adult5 and 5 chlldren. There Is now a regular Sunday School called Little Saints. Much of the congregation is now represented by people who have started coming to All Saints in the last year or two. Leafletting has been undertaken in the area advertisiri8 the church services and Christmas Crib Service. There have been 7 child baptisms at the church and 2 confirrnations. 2 funerals have also been held at the church thi5 year intluding that of the renowned local printer and life long resident of All Sèints John Neave and well known local character Crofton 'Slim' James. Good relationships have been established with the local community school Grove Primary. wlth clergy undertaking regular a5sernblies and the Year S class havin8 their Christmas Nativity Servi￿ in church with parents that saw 70 Adults and Children present. A Crib servlce was also held on Chrlstmas Eve that saw 35 adults and children in attendance many not been to church before. Roy Goston- Teom Vlcar Poge 9 Financial Review PCC of Central Wolverhampton Net Total Assets.. £1,636,835 20241£1,573,806 20231 Excess: £16.312 2024 IDeficit..1£95,026120231 The figure5 above are shown before any Gains/losses. All Saints Excess.. £2.2212024 [£2,559 20231 All 5aint5 have seen an excess in 2023 and 2024 which 15 encouragSng. However, their Total Net assets are still showin8 as ne8ative1£21.67412024 whlch is an improvement on 20231£23,8951. The reason for thi5 15 the loan is Still showing a5 a liabllity within the account5. 2024 was a sad year as Ken was no longer able to continue as TreaSU￿r. However. Lisa RitChI￿has taken over. All Saints had to open a new account with Lloyds.8s none of the signatories were available to continue to use the Nat West Accounts. The Nat West account still holds £2,621 and I would advise that this is transferred to the Lloyd5 account so that the account ean be closed. £82.33 continues to be sent by standing order to the Parish account from the Nat West account because no one can cancel this. At some point this will be transferred back to the Lloyd5 account. The Solar panels have be iepaired and the incorne is being paid directly to the Lloyds account. £4,149 Solar incorne was received in 2024 which of course helps All Saint5 Finances. Loan payments weren't rnade in 2024 and Lichfield have placed a moraiorium on interest 50 the balance remains the same as 2023. All Saints had to make the caretaker redundant in 2024. Ray Gaston has now taken over as Team viear at, with 3 years to tX)5itively turn around their finances. Without thi5 proposition it would be doubtful that All Saints would remain a 'going concern, Thanks go to Lisa and Jean for their support and hard work durin8 the year. P?rish Account.. Excess £784 IExcess.' £759 20231 Evèrything is posted to agency accounts apart f¥om Interest and fees for Crematorium fees. Discipleship & Evangelism Grant- We still hold £96.66. IDS Dewration fund- £7501£750 20231- this wlll be iransferred in 2025. LDBF Assigned fees- NIL INIL 20231 LDBF Common fund- NIL11£5649120231- Salaries £4 INIL 20231 Parlsh expenses- £1,4391£1.253 20241 Vacancy Cover- £2.2761£2,496 20231 Used for Clergy cover whilst in VacanLy. Claim sent in 2024. Ploneer.. DefScit..1£33,79712024 IExce55.' E260 20231 Finally all of the funds were transferred to the Methodist Church as they have taken over Wolverhampton Ploneer Ministries. The account was closed 20 September 2024, Pt7ge 10 St Chad & St Marks.. Excess.. £30,926 2024 IDeficit.'1£43,151120231 St Chad & St Mark- Distrlct Treasurerfs Re ort for 2024 Income Our unrestricted voluntary income lincluding recovered taxl for the year amounted to just over £22. 000. This is about £500 up on 2023, once the contribution made by CWC towards boiler repair5 15 removed frorn the 'donations' in 2023. Individual donors have been thanked by letter. Restricted grants and donation5 for the year were.. A gift of £9450 from the Clemence Charitable Trust towards the cost of reducing our carbon footpr¢nt. perhaps through insulation of the roof or the installation of solar panels. These ideas have yet to be pursued. Two grant5, of £7,000 and £9,000. from the Hubbub Foundation for costs associated with the Community Fridge project. Each has a specific focus. Two grants, each of £5,000, from City of Wolverhampton Council from Household Support funds. which support the Sunday community meal and other community activitie5. Over £41,000 has bèen received from the Church of England Innovation Fund for the All God's People Project.. The majority of this has been handled by the Diocese and has not Passed through our bank accounts. We are grateful to the Clemence Trust, Hubbub Foundation, Wolverhampton Council and the Innovation Fund for these grants and donations which make our cornmunity work possible. Income from lettit)gs has been split between the Comrnunity Project Fur¢d and general funds. Ex enditure There Is nothing major to which attention should be drawn. Our Common Fund payment will rise to £13,612.75 In 2025. Thi5 is 25% of the total for the parish.. All Saints at present pay nothin& so the remaining 75% is covered by St Peterfs and St John's. The remaining payment for thè kitchen12.5% rèserved until snagging is completel will be due early in 2025. This will empty the Kitchen Fund- the architects are making an additional charge for their work at the end of the project, which will have to be taken from general funds. It is recommended.. al That we dispense with the petty cash fund for flowers- £25 which has been sitting in the safe untouched sinte before the pandemic. This would be paid into the bank. bl That we close the separate little Eden bank account and transfer the funds to the rnain account. We handle all other funds separately within the main account. The restricted nature of the fund would be unchanged. A5 well as thanking those who donate funds, it is important to thank all who make gifts in kind. many of which go unrecorded. We are also fortunate that Ray makes no clalm for expenses. Chris O'Brien February 2025 Chris O'Brien Page 11 t John's.. Deficit.- l£1.8431 IDeficit.'l£11.804120231 st John'5 have seen an overall increase in Income from £33,2212023 to £41,885 2024. There have been increases in 0101 Gift aid collections, 0601 Tax recoverable, 08AI Non recurring grant5 which were the grants from LDBF for the plastering, 1001 Dividends and 1302 Car park receipts. There have been reductions in 0301 Loose plate collections. There h35 been a reduction overall in expenditure from £45,026 2023 to £43.727 2024. There have been reductions In 2440 Heating alld lighting which we compar8 to 2401 and 2410, 2701 and 2710 Church major repalrs which wa5 the plastering for which a grant was received for the majority of the cost. Therè have been increases in 2350 Upkeep of Church yard but this is because we are now using a professional company. St John's have paid their share of the Common Fund in fvll. The trustees of AFH Wealth Management investment are now recorded as Graham Bennett. Alfred Talabi & Vicky Szyman so the rnvestment is now being managed on a discretionary basls. The income paid was £11,142 20241£9,444 20231. £10,000 was withdrawn to help with cashflow and the revaluation at 31.12.24 showed a growth of £11,183. The capital has increased from £309,763 2023 to £310.946 so a net growth of £1,183. Thanks go Graham, Alfred and Frank for rheSr support and hard work during 2024. st Peter5', Excess.. £18,020 IDeficit1£43,648120231 Incorne has increased overall from £142.472 2023 to £212,580 2024. The rnost notable differences belng and increase in 0101 Gift Aid collections, 0201 Non Gift aid collections, 0701 Legacies. 1230 Church Hall lettings and 1262 Café Sales. We have seen reductions in 0301 Loose plate collections, 0410 Giving through Church boxes. 0550 Donations and 1210 Bookstall sales. Expenditure ha5 also In¢reased from £186,1212023 to £194,559. The most notable differences Increases in 2440 Icompared to 2401 and 24101 Heating and Lighting and 2710 £23.716 Church Major Repairs. There have been reductions in 2060 Music Staff Salaries and 2560 St Peters hoLkse maintenance. Whilst St Peters are showing an excess of £18.020. £75,271 has been received in legacies $0 without this there would have been a deficit of1£57,2501. However, there were plans to draw down a loan from LDBF to pay for the Lighting work. This has not happened yet and will be discussed once the project has finished. St Peters have drawn down £10,000 which is showing a5 a liability but thi5 has not formerly beèn Set up as a loan and no payments are being made. The caprtal value of investments has seen a decrease from £819,658 2023 to £808,099. The only investment which saw a loss was the Harris Allday which reduced from £232,427 2023 to £207,427 2024. The income these investments produce has reduced from £25.639 2023 to £25,008 Thank5 go to Deborah for her contlnued support and hard work during the year. Kim Benton-porish Treasurer Poge 12 Reserve5 Policy It is PCC policy to try to maintaln a balance on free reserves (net current a55et51 which equate5 to at least three months unrestricted payments. This is equivalent to £57,109 2024 [£62,173 20231. It is held to smooth out fluctuations in cash flow and to meet emer8Ències. The balance of the free reserves at the year-end was £295.016 20241£222.372 20231 which is considerably higher than thi5 target. The Trustees feel that a higher reserve is prudent in these uncertain tlmes. Partlcularly as most of the reserve £216,98120241£232.427 20231 Is invested In stocks and shares whSch provldes Income. The Investment wtll be used should capital be needed. Investment Policy The charity IS granted power to invest In suitable Investments under the PCC Powers Measure 1956 and the Trustees Act 2000. As a charity. the Trustees have a duty of care to take such advice as is appropriate before investments are undertaken. This advice is sought from the Central Board of Finance ICCLAI in London. AFH Wealth Management and EFG Harris Allday The chariws investment policies are based on two key principles'.- Ethical Inve5trnent-this includes ensuring that investments are held in companies which have high standards of corporate governance and act in a responsible way towards stakeholders. Long-term responslbilltles the trustees are aware of thelr long-term responslb511tles In respect of the Restricted and Unrestricted reserves and as a result follow a prudent approach to investment decisions. Investmeni policy for long-term funds is aimed primarily at 8eneratin8 a sustainable income, with due regard to the need for the pre5etvation of capital value. and the possible need to realise investments to meet operational needs. The charity does not have a policy of generating income at excessive or high risk- known as "purchasing income" where high returns are guaranteed at the expense of cap¢tal. In summary. the charity has an overall polic¥ to maxlmise income while preserving thè real value of its funds. Due to the nature of the charity, an ethical investment policy is taken into consideratlon when investments are made.. The charity follows the Ethical Investment Advlsory policy as recommended by the Li¢hfleld Diocese which indudes the following.. "We aim to invest in companies that". will develop their business in the interests of shareholder5', * demonstrate responsible employment practice5; are Conscientious concerning issues of corporate govemance, the environment and human rights.. are sensitive to the community in which they operate.~ Planned givin& collections and donattons are the main sources of fund raisin8 along with tax recoverablè. Safeguardin The PCC believe they have fulfllled their duty under section S of the Safeguarding and Clergy Discipline Measure 2016 Iduty to have due regard to House of Bishops. guidance on safeguarding children and vulnerable adults) ReportÉng Serious Incidents A Serious Incident 15 an adverse event. whether actual or alleged. which results in or risks significant harm to the charIt￿S beneficiarie5, ernployee5. office holders. volunteers or to others who come into contact with the charity through its work. loss of the charity's money or assets, damage to the charity's property or harm to the chaiity's work or reputation. The trustees are not aware of any Serious Incidents in the last year. Fundraising The PCC takes its fundraisin8 responsibilities Seriously and is very grateful to all donors- whether regular or occasional for their support of the church and church events. PCC supporters are never taken for granted. The PCC takes full responsibility for fundraising and do not use commercial organisations or professional fundraisers. All money raised is either by donations, fundraising events. special appeals, or legacies for which the PCC are most grateful. Page 13 Volunteers The members of the Pccwould like to thank the 73 volunteers who work so hard to make our Church a lively andvlbrant communitv. Risk Management The Church Wardens carry out regular Health and Safety Reviews and regularly inspect premises for potential h32ards. We have safeguarding policie5 place for child protection and for work with vulnerable adults. illcluding rigorous DBS checkin8 of staff and volunteers. Our insurances are reviewed annually to ensure adequate cover. An informal review of any new risks which may irnpact the work of the Church in the Parish is ongoing. Structure. Governance and Management The PCC is a Body Corporate established by the Church of England and 15 a Charity registered with the Charity Commission under registration number 1130297, The PCC 15 governed by the Parochial Church Councll Powers Measure119561 as amended that came into effect OTr 2nd january 1957. and the Church Representation Rules Icontained in Schedule 3 to the Synodical Government Measure 1969 as amended). The method of appointment of the PCC members is set out in the Church Representation Rules. The Council comprises the Incumbent. the Churchwardens, a representative of the Readers, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. The PCC members receive tr3ining from courses run by the Diocese. Members of rhe congregation are always urged to join the Electoral Roll, and to stand for election to the PCC. The PCC members are responsible for making detrsions on all matters of general concern and irnportance in the parish, and for all financial matters. The PCC met 7 tirn￿ during the year. IGiven Its responsibilities, the PCC ha5 several sub committees, each dealing with a particular aspect of parish life. These include Finarn￿ and Standillg Committee. Each reports back to the PCC with the minute5 of their meetings.] Related Partles There are no related parties employed by the PCC or awarded contracts for work. Donatlons from Related Parties Donations from 9 relatÈd parties IPCC Members} during the year totalled £5.84412023 £10,427]. All these donations were received without condition. Remuneration paid to Trustee5. None ol the trustees have been paid any remuneration or received any other benefits from employment with the PCC. Expenses pald to Trustees. Two trustees were reimbursed NIL12023 £2001 for travel during the year. Page 14 Reference and Adminlstratlve Details Charlty Name: The Parochial Church Council of the Ec¢lesiasti¢al Parish of Central Woiveihampton Other names the charlty Is known by.. NIA Registered Charlty Number.. 113Q297 Charitvs prin¢ipal address.. Lich Gates Wolverhampton WVI ITY Correspondence address- St Peters House 4 Exchange Street Wolverhampton WVI ITS Website address: htt www.wolvescentral arish.com PCC Members: Who Served from l January 2024 to the date thls ￿port was approved Trustee name O￿lCe lif any) Dates arted rf not for whole perlod Ex-officio The Revd Ray Gaston Team Vicar Rev Valerie Fairclou8h Mrs Clare Whitney Mr Alfred Talabi OLM Reader/DeanEry Synod Church Warden Central Mr5 DeboFah Castle Church Warden Central/Vice Chair M5 Aliko Wilcox Church Warden Western Ms Dawn Elli5 Church Warden Western Mrs Gill Colllns Church Warden Southern Resigned May 2024 Ms Amy 8ertaut Deanery Synod Central Deanery Synod Central Deanery Synod Western15ecretary Deanery Synod Central Church Warden All Saints Mr Hugh Smith Mr Chris O'Brien Ms Rosemary Chillcott Mr Oluseye Onalaja M5 Jean Mclntosh From May 2024 From May 2024 Frorn May 2024 Church Warden All Saints Ms Deborah Alero King Mr Konrad Vernon Deanery Synod Western Church Warden Central From May 2024 Mr Brsan Palmer Deanery Synod Central From May 2024 Elected Members Mr Henok Shawl Western From May 2024 From May 2024 MrGary Pugh Mr Deinsam Ogan Mr Andrew Lindop Ms Jackie Fletcher Central Central From May 2024 From May 2024 From May 2024 Resigned May 2024 Western Central Ms Fiona Rendell Central Ms Elaine Bickley Mr5 Joyce Lewi5 Mrs KathTine Harrow Central Central Central ResiErFed May 2024 Mr Neville Collins Central Mrs Sue Bowdèn Central Resigned May 2024 Resigned May 2024 Ms Annie Heppen5tall Western Puge 15 Ms lane Woolf Western Mr Robert Johnson Western Resigned May 2024 Resigned May 2024 Mr5 Mary Thomas Central Co-opted Mr Alan Bickley Central From April 2025 Pt7ge 16 Bank 80f¢llly5 Bank PLC QueeN Square WolverhamptEJn WWI ID5 Inve¥rnent Manasers CCLA l An¥EI Ln LO[￿On EC4R3AB Ind•pendÈnt Ey2miner Llchffeld ￿0¢t5￿n yoardof ￿na￿¢È St Mary5 The U05E. Uchfield.W513 7LD APPr￿d bythe PCC c• 10.04.2025 and slBned on ITS behalf by". Mrs t>e rnh C8Stle Mr Chr￿Upber trwrlon Poge17 Independent Examinels report to the trusteeslmembers of The PCC of The Parlsh of Central Wolverhampton Registered charity number.. 1130297 I report on the accounts for the year ended 3151 December 2024 which are set out on che following pages. Res ertive res onsiblllties of the Tr ees and Inde endent Examiner The charity's trustees are responsible for the preparation of the accounts. The charrty's trustees consider that an audlt Is not required for thi5 year under Section 144 of the Charlties Act 2011 (the Charitie5 Act) and that an Independent examination is needed. It is my responsibility to examine the accounts under section 145 of the Charitles Act, to follow the procedvre5 laid down in the General Direction5 given by the Charity Commission lunder section 14515llbl of the Charitie5 Act. and to state whether particular matters have come to my attention. is of Inde endent Examiner's Statement My examination was carried out In accordan￿ with the General Direction5 8iven 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 those records. 11 also includes consideration of any unusual items or disclosure5 in theaccounts, andseeking explanationsfrom the trustees concerning any such m3tters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently no opinion is Eiven as to whether the account5 present a "true and fair" view and the report Is limited to those matter5 Set out in the statement below. Inde endent Examlnèr's Statement In Connection with my examination, no material matters have tome to my attention which gives me cause to believe that in any mateiial respect.. accounting records were not kept in accordance with section 130 of the Charltles Act or the accounts do not accord with the accounting records I have come across no other matters in connection with the examlnation to which attention should be drawn in order lo enable a proper understandin8 of the accounts to be reached. Signed.. Date.. Lichfield Diocesan Board of Finance St Mary's Housè, The Close. Lichfield WS13 7LD Poge18 The Parish of Central Wolverham Notes to the Financial Statements For the year ended 31" De¢embei 2024 on Accountin Policies The Financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 usin8 the Receipt5 and Paytllènts basis. There may be minor discrepancies in the totals as the pen￿ are not being shown. The financlal statements have been prepared under the historical cost convention with iterns recognised at cost or transaction val¥e unless otherwise stèted in the relevant notes to these accounts. The financial statement5 include all transactions, assets and liabilities for which the PCC 15 responsible in law. They do not Include the account5 of church group5 that owe their main affiliation to another body nor those that are informal gathering5 of Church members. hllow Statement The Charity has taken advantage of the exemption in FRS102 frorn the Tequirement to produce a cashflow Statement on thegrounds that the income does not exceed £500,rx)o. Goin Concern There are no material uncertainties relating to events or condttions that cast significant doubt on the charit￿5 ability to continue as a going concern. Accountin Estimates and Prior Year Errors No ch3nge5 to accountillg estimates have occurred In the reporting period. No material prior year errors have been identlfied In the reportSng period DeKription of Funds Unrestrlcted funds are income funds of the PCC that are available for Spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not includèd in its "free reserves" as disclosed in the trustees, annual report. An explanation of purpose of each Designated fund are as follows.. Parish- Funds held in the Parish account Wicars fund- Discretionary fund for Vicar to use for 5rnall emergency payrnents at St Peters Bookshop- To record income and expenditure for the Book5hop- transferred io St Peterfs general fund periodicallv Craven- Mr & Mrs Craven left a property in 1986. No restriction has been left a5 Craven but eventually will be transferred into General Recital- Ticket sales and expenditure for Organ Recitals Xmas Tree- Set aside for the Christma5 Treen Festival Page 19 Restrirted funds comprise of two elernents al income from trusts or endowments which may be expended only on those restricted objects prO￿ded in the terrn5 of the trust or bequest bl donations or grant5 received for a Specific object or invited by the PCC for a specific object. The funds rnay only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as è balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate Investment, interest is apportioned to indivTrdual funds on an average balance basis. An explanation of purpose of each Restricted fund are as follows.. Assist3nt Direttor- For the Assistant Dirertor post Childrens Education- Exce55 of incomè over expendlture over the years from the Open Door project now transferred to fund covering all work with Children at St Peters Clinton Flowers- Donation from Cllntons for Flowers at St Chad and St Mark Covid- Grant from Wolverhampton Council for the Covid Survey at St Peters House Decoration- These are the annual contributions to the Oecoration fund held with the Oiocese for the re-decoration of the three viczrages. Edington- Edin8ton festival grant- fund overdrawn will be brought to nil in 2025 and closed Emergency Fund- To be used at Vicars discretion. Fabric-W- For the fabric of the Church at St Chad & St Mark Flowers We5tern- Specific donations to the flower fund at St Chads Friends of St Johns- Was a separate Charity- now closed and transferred to St John'5- It is speclfic and historical donations to the Friends of St John's for grants to aid St john's. Garden project- Specific grants and donations to the Eden Garden project at St Chad and St Mark5 Godly Play- Specific grants and donations to thè Godly Play work at St Chad and St Marks Giowth- Specific grants from Growth fund Lithfield Oiocesan to fund a salary at All Saints. This project ha5 finished enquiries have been made with the Diocese to ask if this need5 to be paid back or can be transferred into the General fund. Hotjse Reserve- These are savings put aside from the trading activStles of St Peters House restricted to the upkeep of the building. KitchenFrrd8e- Grants for the community Fridge and Kitchen at St Chad & St Mark Lightin@- For the work changlng the lighting at st Peters to LED Net Zero- For the Net Zero project 011 Lamps- Specific donètions for Oil Lamps at St Peters Organ & Choral Scholèrship- Grant for Or8an Scholars at St Peters People- For the work of All Gods People Grant Perton- Donation from Perton for Warm Welcorne woik Sound system- Specific donations to a new Sound system at St Peters Project-W- Funds for community projects at St Chad & St Mark St Johns Reserve- An historic legacy left in Lloyd shares to be kept in reserve for St johns- now held In the current account St Johns Restoratlon- Specific donations for restoration work at 5t John5 St Marks Hall Fund- The proceeds from rhe sale of St Marks H311 income produced is paid into St Chad and St Marks project fund. St Peters Bellringers-To record Income and expenditure for the Bells 3t St Pelers. St Peters Choir- Specific donations and legaeie5 for the Choir at St Peters St Peters Flowers- Specific donations to the flower fund at St Peters St Peters Pixell- OrSginally as site for schoolroom and for other religious or educational purpose5. 14 October 1980 the property wa5 501d to the West Midland5 County Council for £6,500 and the parish merged with several neighbouring parishe5 to forni Wolverhampton parish. Income to be used for the furthering work of the Church of England in the parish of Wolverhampton. As the Endowment no longer produces income of a £1.0(￿ per annum the P8ri5h of Central Wolverhampton are allowed to spend the capital. It remains iing fenced. St Peters Vpkeep-P- Histor(c funds for the Vpkeep and repair of St Peters Puge 20 Together- A Grant received from Church Urban Fund for the salary of the Warm Welcome Co-ordinètor post at All Saints this has been spent apart from E256- enquiries will be made regarding paying back this money or tian5ferring to General fund. Endowment funds are restrlcted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any incorne or other benefit derived from the capital may be restricted or unrestricted. Full det311s of all their restrictions are shown in the notes to the accounts. An explanation of purpose of each Endowment fund are as follows.. St Peter5 Repair & Upkeep- Invested to provide income to St Peterfs general fund. St Peters School Ward fund- A bequest by John Ward for the benefit of the Collegiate School. The funds were invested in 1945 and St Peters Collegiate School receive5 the dividends directlv st Peters Upkeep & Repair- Invested to provide income to St Peterfs general fund Upkeep-j Sale of Flats Proeeeds from the sale of St John's flats invested to provide income to St John's general fund Incomin Resources Planned giving, collettions and donation5 are recognised when received or when the PCC becomes entitled to the resource and the monetary value can be measured with sufficient ¥eliability. fax refunds are recognised when the ineoming resource to which they relate is received. Grant5 and Legacies arè accounted for when the PCC is legally èntitled to the amounts due and the monetary value tan be measured with sufficient reliability. Oividends are accounted for when receivable, interest 15 accrued. All other Income is recognised when it is receivable. All incoming resources are accounted for 8r05S. Resources Ex ended Grants and donations arè accounted for when paid over, orwhen awarded. if that award creates a binding orconstruttive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when It is incurred and Is actounted for gross. Governance and Su ort Costs Support cost5 should be allocated between goveTnancÈ costs and other support. Governance costs comprise all costs Involvlng public accountability of the PCC and Its compliance with regulation and good practice. Support Costs include central functions and have been allocated to artivity cost categories on a basis consistent wlth the use of resources eg by allocatlng staff costs by time spent and other costs by their usage. Flxed Assets Consecrated and benefice property is not included in the accounts by s.1012llal&lCI of the Charities A¢t 2011. Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the Church'5 inventory, which can be inspected lat any reasonable timel. For anything acquired prior to 2000 there 15 insufficient cost inforrnation available and therefore such assets are not valued the financial statements. St Peters house 15 revauled at 31 December annually using the Nationwide house price calculator and shown on page Investments Investments in quoted shares, traded bonds and similar investment5 are valued initially at cost and subsequently at market value at the year end. Investments held for re-sale are treated as current asset Investments. Debtors Debtors are measured on initial recognition atsettlement amount. Subsequently they are measured as cash expected to be received Creditors and Acryuals Creditors are measured at settlement amount5 less any trade discounts. Accruals are measured on best estimate of the amount requiied to settle the obligation at the reporting date Ptsge 21 The Pansh Centrol Wolverhom ton eur endln 2024 Receipts and Payment5 Account 2024 Unrestricted Designated Restritted Endowment funds fund5 fLrnd5 funds 2024 2023 Receipts Donations and legacies Income from charitable activities Other trading activities Investments Other income Total income 169,992 38,687 619 2.995 80,500 2.139 251,112 208,394 43,822 38,488 55,944 13,786 278NII 1,901 57,846 56,963 13,786 12,503 366,567 316.348 3.615 84.541 Payments Raising funds Expenditure on charitable activities Other expenditure Total expenditure 241 228.198 33,817 86,147 34.058 233 316,047 411,141 1,700 228,439 1,700 119.964 350,105 411,374 Net income I lexpenditurel resources beforètransfer 49,971 1,914 135.4241 16,462 195.0261 Transfer5 Gross transfers between funds- in Gross transfers between funds- out Other recognised galns 11055es Gainsllosses oll investment assets Gains on revaluation, fixed assets, charity's own use Net movement In funds 27,034 110,7011 9.700 116,0351 110.0001 36,735 357,369 136,7361 1357.3701 9,899 11,699 87,903 992 23.976 34.868 11,699 63,029 63,553 14681 131,9401 1,914 140.7661 13.976 Reconciliation of lunds Total funds brou8ht forward 474.348 13.284 217,458 868,715 1,573,806 1.605,746 Total funds carried forward 562,252 15,198 176,693 882,692 1,636,835 1,573,806 Poge 22 Statement of assets and Ilabllltles 2024 Class and nominal code General Desi nated Restricted Endowment 2024 2023 Fixed Asset- Investrnent5 C047910'. St P Harris Allday C047910 C83008502'. CCLA Wolverhampton St Peter Church Repairs TN28 CB3ffl8504.' CCLA Wolverhampton St Peter Collegiate School TN28 C83008572.. CCLA Wolverhampton TN1504 C83008611'. CCLA Wolverhampton Trust 28 1.R A/c- TN28 C83028324.' CCLA St Chad & St Mark FHLIOOOS.. AFH Wealth Management Total Flxed Asset- Tangible Assets 6430...St Peter5 House Fridge= Fridge Total Current A5set- Cash At Bank And In Hand 00101311.. All Saints CIA 03829156.. st Chad & St Mark Current Account 10085758.. Parish Current Account 10651575.. St Peters Current Account 20040223.. St Peters Reserve Attount 23412909.. St Peters Flowers Account 39902368.. St Chad & St Mark No 2 Account S0651907.. St Peters House Current A/C 53524968". St Chad & St Mark ￿ttle Eden Garden Project 60707263.. Lloyds current account 65901.. Petty Cash Bells 65903.. Petty Cash St Peters Church 65904.. Petty Cash St Peters House 65908.. Petty Cash St Chad & St Mark 704119364.. St Johns Reserve Account 73133354.. Wolverhampton Pioneer Ministry CIA 90120693.. St johns Current Account CB1007792'. CCLA Parish of Central Wolverharnpton - St Chad & St Mark C83008535.. CCLA 5t Mark Wton TN 1637 C83028074.' CCLA St Peter5 House Reserve ICI ItJWOLV041.. Manlove Street Vicarage Decoration Account IDWOLV041 IDWOLVIOI.. Park Road East Vlcara&e Decoration Account IDWOLVIOI IDWOLVOII.. Southern Vicarage Decoration Account IDWOIVOII Total Current Asset- Debtors ZOS.. Account5 Receivable Total Liability- Agency Account5 6699.. Agency collèctions Total Liability- Creditors: Amounts falling due after more than one year 216,981 216,981 232,427 218,023 218,023 213,145 99,635 99,635 97,406 254,085 254,085 248,4( 28,926 28,279 30,838 30,148 310.946 309,763 1.159,438 1,159,570 28,926 20,242 10,595 310.946 882,692 227.577 49.169 259.382 259.382 247.683 299 259,382 247,982 259,382 1,537 13,4851 345 56,258 15.198 1,083 15,223 13 10,418 13 851 33.959 2.240 782 2,621 11,739 359 81,875 13 851 52,209 5,571 782 2.807 3.208 9,512 6,257 26,010 12 753 35,977 4,105 1,602 18,250 3,331 2,807 44 299 60 63 25 1,698 33,797 18,728 60 113 16 1,698 60 113 25 1,698 6,219 21.574 27.793 15,000 15,0(M) 21.265 18.143 21,265 18,143 21,265 17,228 3.679 3,679 3,354 3,991 3.991 3,666 4.484 4,484 4,234 102.155 15,198 137,777 255,131 191.863 240 240 12401 12401 1,730 1,730 13 13 13 237 237 Puge 23 DLWOLV(X)QII.. LDgF- All Saints Loan Due after 5 year5 OLWOLVOOII= LDBF- All Saints Loan Due 2- 5 years Total Liability- Creditors.. Amounts Falllng Due In One Year 6601.. Loans rèceived for Lighting DLWOLVOII.. LDBF- All Saints Loan Due within in one year 2,665 Total 2.665 13.777 10,660 24,437 13,777 10,660 24,437 13,777 10,660 24,437 10,000 iO,CM)O 2.665 12,665 2,665 2.665 10,000 Net total assèts 562,252 15.198 176,693 882.692 1,636,835 1.573,806 do 140 1.?3a Total QLWOLVODaiy.. LU¥F-All Salnts S yo?r& DLWQLVQOII.. LtsÈF-411 Lè.In Duc V4h*D ia.777 10.000 LWOLVOIIF i¢.QQ(> .G6S .SG5 lo.a 2.6tSS AtsorO¥cd by rhé Pccon %V.OA.ZOXS It• byi Page 24 Statement of assets and liabilities 2023 General De51 natedRestrictèdEndowment 2023 2022 Flxed assets- Investments st P Harris Allday C047910- CCLA Wolverhampton St Peter Church Repai CCLA Wolverhampton St Pete¥ Collegiate S- CCLA Wolverhampton TN1504- CCLA Wtrlvèrhampton Trust 28 1.R Alc 232,427 232,427 213,145 235,638 194,816 213.145 97,406 97,406 89,029 248,400 248.400 28,279 249,982 25,847 28,279 CCLA St Chad & St Mark- AFH Wealth Management- 10,250 19,897 30,148 309,763 1.159,570 27.555 298.146 1,121,017 309,763 868,715 Totals 242,677 48,177 Fixed assÈts- Tangible assets St Peters House- Fridge- 247.683 247,683 299 247.982 254,940 599 255,539 299 299 Totals 247,683 Current assets- Cash at bank and in hand All Saints CIA- 5t Chad & St Mark Current Account- Parish Current Account- St Peters Current Account- St Peter5 Reserve Account- St Peter5 Flower5 Account- St Chad & St Mark No 2 Account- st Peters House Current A/C- St Chad & St Mark Little Eden Garden Pro- Petty Cash Bells- Petty Cash St Peters Chur¢h- Petty Cash St Peter5 House- Petty Cash St Chad & St Mark- St Johns Reserve Account- Wolverhampton Pioneer Mlnlstry c/A- St Johns Cuffent Aecovnt- CCLA St Mark Wton TN 1637- CCLA St Peter5 House Reserve ICI _ Manlove Street Vicarage Decoration Accou- Park Road East Vicarage Decoration Accou - Southern Vicarage Decoration Account IDW- 2,124 11,506 311 120.8241 1,083 11,9941 5,946 33,550 12 753 18.659 2.240 1,602 3.208 9.512 6,257 26,010 12 753 35,977 4,105 1.602 648 9,436 9,788 37,072 12 702 68,139 9.672 1,781 13,284 17,317 1,865 299 299 60 63 25 1.698 33,797 18,728 21,265 17,228 3,354 60 63 16 1,698 io 28 25 1,698 33,537 31,440 33,265 24,802 2,991 33,797 23,058 21,265 17,228 3,354 14,3291 3,666 3,666 3.303 4,234 4,234 4,172 Tot315 9,810 13.284 168.768 191,863 272,531 c￿￿ent asset5- Debtors Accounts Receivable- 1,280 1,280 450 450 1,730 1,730 Tota15 Liabilities- Agency accounts Agency collections- 237 237 237 237 9,444 Totals Page 25 Liabilities- Creditors: Amounts falling due after more than one year LDBF- All Saints Loan Due after 5 years LDBF- All Saints Loan Due 2 5 years- Totals 13.777 10,660 24.437 13.777 10,660 24,437 13,777 10,660 24,437 L¥abilities- Creditors: Amounts falling due In one year LDBF- All Saints Loan Due within in one- LDBF Common fund Liability- 2,665 2,665 2,665 6,794 9,459 Tota15 2,665 2,665 Grand total 474,348 13.284 217,458 868.715 1.573,806 1,605,746 AnalysFs of receipts and payments 2024 Poge 26 Unrestricted Designated Restricted Endowment 2024 2023 RECEIPTS Donation5 and legacies 0101- Gift Aid Collections 0201- Non Gift Aid Collectlons 0301- Loose plate collections 0303 Contactless 0410- Grvin8 through chuich boxes 0550- Donations appeals etc 0601- Tax recoverable on Glft Aid 0701- Legacies 0801 Recurring grants 08AI- Non-reeurring one-off grants 0901- Other fund5 generated Donatlons and legacie5 Tota15 Income from charitable artivities 0902- Heating- Weddin8s&Funerals 1101- Fee5 for weddings and funerals 1210- Bookstall sales 1230- Church hall lettings 1261- Fair Sales etc 1262- Cafe Sales Income from charitable activitles Totals Investments 1001- Dividends 1020- Bank/Building Soc/cBF Interest 1030- Rent from Tennant St P Hse/Hall Investments Totals Other inwme 1302- Other Trading Insome 1310- Insurance claims Other income Totals Receipts Grand totals 43,437 10,305 10,662 43,437 41,354 10,305 5,403 10,662 11.583 327 2,992 3,283 17.551 14,033 13,245 13,132 75,271 41,460 79.456 33,204 30,126 2.979 9,694 251,112 208,394 2.992 5.394 13,245 75,271 30 12,127 41,460 26,000 912 80.500 7,204 1,477 169,992 589 619 1,055 2.113 1,055 2.365 2,133 2,995 4,338 11,049 9,009 2,791 719 23,565 22.288 43,822 38,488 252 2,995 9,162 2.791 23,565 38.687 1.887 2.995 2.139 36.150 1,661 18,133 55.944 836 1.064 36.987 35,907 2,725 2,614 18,133 18,441 57,846 56,963 1.901 13.786 13.786 11,254 1,249 13,786 12,503 366,567 316,348 13,786 278,411 3,615 84.541 PAYMENTS Raiyng funds 1720- Costs of stewardship campaign 2360- Adrninistration RaFsing funds Totals Empenditure on charrtable activlt5es 1730- Cost5 of fetes & othei events 1740- Bank Charges and Interest Chgd 1801- Giving to misslonary societies 1850- Home mlsslon - Inactive 1910- Common Fund 205O- St Peters Administrator payrnents 2051- Other Salaries- Inartive 2060- Music Staff Salaries 2101- Clergy Working Expenses 2102- Music Expenses Inactive 2105- Parish Expenses 2150- Vicar5 Phone & Mobile Phones 2170- Education 2180- Other Expense Claims 241 241 33.817 34,058 233 233 33.817 33,817 241 466 26 49 2,337 2,804 26 49 2.823 3,175 51.858 50,841 2,130 1,191 38,649 25,043 28.732 37.068 18 270 4,893 31 2,823 51.858 2,130 4,294 21.598 18 270 34,355 7.134 207 16001 696 274 3,918 529 3,406 613 3,406 Page 27 2201- Parish training and mlsslon 2300- Parish Expenses 2301- Church running- insurance 2310- Church office- telephone 2320- Organ / piano tuning 2330- Church maintenance 2331- Cleanlng & Cleaning Products 2340- Upkeep of services 2341- Tea Coffee etc 2350- Upkeep of churchyard 2360- Administration 2370- Visiting speakers / loeums 2401- Church running- electric 2410- Church running- gas 2420- Church running- water 2440- Church runnlng- heating and lighting 2510- Bookstall costs 2519- Cafe Supplie5 2530- St P HselHall- Electrl¢ity- Inactive 2024 2540- St P H5e/Hall - Gas- Inactive 2024 2550- St P HselHall- Insurèn 2560- St P H5elHall- Maintenance 2570- St P Hse/Hall Phone 2580- St P Hse/Hall- Water 2590- Hall running- heating and lighting 2602- Licences&Subsciiptons 2701- Church major repairs- structure 2710- Church Major Repairs Installation 2820- St P Hse/Hall Repairs/Redecoration 2840- Other PCC property upkeep Expenditure on charitable actrvtties Totals Payments Grand totals 38 2,029 21,204 1.196 1.136 11.656 419 3,443 167 3,370 7.677 145 2,894 2,932 1.493 2,029 2.149 21,634 20,342 1.196 1,509 2,090 1,243 11,884 29,089 450 1,156 3,814 2,717 249 178 4.190 2,999 8,162 5,812 145 430 954 227 30 371 82 820 14.765 53,771 334 381 67,178 381 67.178 1.700 6,763 12501 1,7(KJ 1,823 6,422 1.992 6,161 1,901 6.763 12501 1,585 6,131 539 956 5.498 1,585 6.131 539 956 5,498 493 751 387 8,115 97.293 27,107 18,070 633 175 3.100 316.047 411,141 350,105 411,374 5.206 2.908 27.107 925 228,198 228,439 17501 86,147 119,964 1,700 1,700 Fund movement by type 2024 Poge 28 Fund AssitantDire¢tor Restricted Sub-totals Openrng Incoming Outgoing Transfers Gains/Losse5 Journa15 Closin 5,000 5,000 2,800 2,800 2,200 2,200 Bells Restricted Sub-totsls 3.520 3,520 485 485 227 227 3,778 3,778 Bookshop Designated Sub-totals 5.162 5,162 2,995 2.995 1,700 1,700 6,457 6.457 Chapel Restricted Sub-totals 217 217 217 217 Choir Restricted Sub-totals 8,713 8,713 167 167 823 823 12,5501 12,5501 5.507 5,507 Clinton Restricted Sub-totals 58 58 loo ICNJ 59 59 99 99 Covid Restricted Sub-totsls 2.240 2,240 2,240 2,240 Craven Designated Sub-totals 4,475 4,475 4,475 4,475 Decoration Restricted Sub-tota15 11,255 11.255 150 150 17501 17501 12,155 12,155 Edington Restricted Sub-totals 921 921 1,617 1.617 16961 16961 Educatlon Restricred Sub-totals 4,805 4.805 745 745 371 371 1321 1321 5.147 5,147 Emergency Fund Restricted Sub-totals 143 143 45 45 98 98 Fabric-w Restrided sub-totals 15,247 15,247 836 836 345 345 16,429 16A29 FlowersP Restricted 753 410 311 851 Puge 29 Sub-totsls 753 410 311 851 Flowersw Restritted Sub-totals 29 29 29 29 Friends Restrirted Sub-totals 19,295 19,295 19,295 19,295 Garden Restricted Sub-totals 1,602 1,602 820 820 782 782 Godly Restricted Sub-totals 2,271 2,271 336 336 1,934 1,934 Growth Restricted Sub-totals 382 382 382 382 Restricted Sub-totals 21,265 21,265 21,265 21,265 Hardship Restricted sul￿tOtals 1,329 1.329 1,329 1,329 HouseReserve Restrrcted Sub-totals 17.228 17,228 914 914 18,143 18,143 KltchenFridge Restricted Sub-totals 8,854 8,854 16.064 16,064 6,294 6,294 18,623 18,623 Lamps Restricted Sub-totals 678 678 678 678 Lighting Restricted Sub-tota15 3.500 3.500 23.716 23.716 13,7531 13.7531 123.9701 123,9701 Neighbours Restricted Sub-totals 809 809 809 809 Net-zero Restricted Sul￿tO￿lS 9.450 9.450 9,450 O¥ganUpkeep Restricted 11181 70 986 11,0331 Poge 30 Sub-totals 70 986 11.0331 Outreach Restricted Sub-totals 8.945 8.945 8,945 8,945 People Restricted Sub-tota15 13,8431 13.8431 41,460 41.460 38,658 38,658 11,0401 11,0401 Perton Restricted Sub-totals 444 444 444 Pioneer Restricted Sub-totals 22.712 22,712 450 4S0 23.162 23,162 Restritted Sub-totals 28.279 28,279 28,926 28,926 647 Project-w Restricted Sub-totals 15.521 15,521 12.237 12,237 3,949 3,949 23,808 23,808 Recital Desi8n3ted Sub-totals 2,778 2.778 589 5B9 3,367 3,367 Repair-P Endowment Sub-totals 213,145 213.145 4,878 4,878 218.023 218,023 Re5erve-J Unrestricted Restricted Sub-totals 1,698 1,631 3,329 1,698 1,631 3.329 Restore Restricted Sub-totals 2,821 2,821 3,391 3,391 15701 15701 Scholar Restricted Sub-totals 5,000 5,000 2,000 2,000 3,000 3.000 Sinage Restritted Sub-totals 1,000 1,000 1.000 1.000 Sound Restricted sub.totals 591 $91 58 58 533 533 Together Poge 31 Restricted Sub-totals 256 256 256 256 Upkeep-j Endowment Sub-totals 309,763 309.763 iio,0001 lio,0001 11,183 11.183 310,946 310,946 Upkeep-P Restricted Endowment Sub-tota15 5,089 248,400 253,489 5.089 254,085 259,175 5,685 5.685 Vicar Designated sub-totals 350 350 350 350 Ward Endowment Sub-totals 97,40.6 97A06 2,229 2.229 99.635 99,635 XmasTree Designated Sub-totals 518 518 30 30 548 General Unrestricted Sub-totals 222.372 222,372 254,725 254,725 206,680 206,680 14,700 14,700 9,899 9,899 145,4891 145.4891 295,016 295,016 House General Unrestricted Sub-totals 250,278 250.278 23,685 23.685 21,759 21,759 1,633 1,633 11,699 11.699 265.537 265,537 Totals 1,573,806 366,567 350,105 46,S67 145,4891 1,636,83S Pt7ge 32 Fund movement by type 2023 Opening Incomingoutgoing Transfers Gain511055e5 Closlng AssitantDi- Assistant Drrector S Restricted 5,000 5,000 5,000 5,000 Sub-total for A55itantDi Bells- St Peters Bellringer Restricted 2,684 2.684 1,233 1.233 398 3,520 3.520 Sub-total for Bells Bookshop- Bookshop Salès & Exp Designated 2,648 2.648 4,338 4,338 1,823 1,823 5,162 5,162 Sub-total for 8ookshop CENTRAL-J- STJOHNSGENERAL FUN Unrestricted 7,646 7,646 188 188 17,8341 17,8341 Sub-total for CENTRAL-J Change- Changlng Lives Restricted 308 308 307 307 Sub-total for Change Chapel- CHAPEL Restricted 217 217 217 217 Sub-total for Chapel Cholr- St Peter5 Cholr Restritted 8,840 8040 127 127 8,713 8,713 SLbb-totzl for Choir Cleaner- Cleaner Restricted 795 795 2,622 2.622 1,822 1,822 Sub-total for Cleaner Clinton- Clinton Flowers Restricted 178 178 119 119 58 58 Sub-total fof Clinton Covid - Covid Fund Restricted Restrlcted 2,240 2,240 Sub-total for Covrd 2,240 2,240 Craven- ST PETERS CRAVEN St Designated 4.475 4,475 4.475 4,475 Sub-total for Craven Decoratlon- IDS Decoration Fund Restricted 10.468 10,468 187 187 16001 16001 11,255 11,25S Sub-total for Detoraiion Edlngton- Edington Festival Gr Restricred 2,079 2,079 3,000 3,000 921 921 Sub-total fgr Edinglon Poge 33 Education- Childrens Education Restricted 4,657 4,657 177 177 1291 1291 4,805 4.805 Sub-total for Education Emergency- Emergency Fund- Vic Restricted 156 156 12 12 143 143 Sub-total for Emergency Fabrlc-W- St Chad & St Mark Fa Restricied 19,267 19,267 824 824 6,555 6.555 4.6SO 4,650 12,9391 12,9391 15,247 15,247 Sub-totsl for FabTiC-W Fl¢wer5P- St Peters Flowers Restricted 702 702 215 215 164 164 753 753 sub-total for Flower5P FlowersW- Flowers Western Restricted 29 29 29 29 Sub-total for Flowersw Food - Food Project Restricted 53 53 1531 1531 Sub-total for Food Friends- Friends Of St Johns Restricted 19.295 19,295 19,295 19,295 Sub-total for Friend5 GENERAL-P-ST PETERS GENERAL FU Unrestricted 235,692 235,692 13441 1235,3481 1235.3481 Sub-total for GENERAL-P Garden- Garden Project Restricted 1.764 1.764 179 179 17 17 1,602 1,602 Sutstotal for Garden General. Genèral fund Unrestricted 11,1491 11,1491 165,938 165,938 221,758 221,758 279,127 279,127 2,320 2,320 197,372 197,372 Sub-total for General Godly- Godly Play Restricted 2.702 2,702 431 431 2,271 2,271 Sub-total for Godly Growth- Growth Fund Restricted 382 382 382 382 Sub-total for Growth HARDSHIP- Hardshlp Fund Restricted 1,329 1,329 1.329 1,329 sub.total for HARDSHIP HOUSE-STpFfER5 HOUSE GENE Unrestricted 256.263 256,263 22,438 22A38 26,934 26.934 5,768 5,768 17.2571 17,2571 250,278 250.278 Sub-total for HOUSE Poge 34 Hall- St Marks Hall Fund Restricted 33,265 33,265 112,0001 112.0001 21,265 21,265 Sub-total for Hall HousèReser- House Reserve Restricted Endowment 24,802 676 18.2501 17,228 Sub-total for HouseReser 24.802 676 18,2501 17,228 KitchefiFri- Community FridgelKit Restricted 41,771 41,771 64,926 64,926 97.842 97.842 8,854 8,854 Sub-total for KitchenFri Lamps- Oil Lamps Fund Restricted 678 678 678 678 Sub-total for Lamps Li8htin8- Lighting Scheme Restricted 3,500 3,500 3.500 3,500 Sub-total for Lighting NEIGHBOURS- NEAR NEIGHBOURS Rèstricted 809 809 809 809 Sub-total for NEIGHBOUR5 OMID- OMIO Project Restricted 1,582 1.582 1.587 1.587 Sub-total for OMID OUTREACH- YOUNG ADULT OUTREACH Restricted 8,945 8,945 8,945 8,945 Sub-total for OUTREACH OrganUpkee- Organ Upkeep Restrlcted 12271 1227) iio iio 11171 11171 Sub-total for Organupkee PARISH- PCC OF CENTRAL WOLVE Unrestricted Designated 344 344 13441 13441 Sub-total for PARISH PHOTO- CUF PHOTOGRAPHY COUR Restricted 106 106 11061 11061 Sub-total for PHOTO PIONEER- PIONEER MINISTRY Unrestricted Restricted 22,452 22,452 795 795 534 534 22,712 22,712 Sub-total for PIONEER Pèople- All Gods People Restricted 21,026 21,026 24,868 24,868 13,8421 13,8421 Sub-total for People Perton- Perton Donatlon For Poge 35 Restricted 444 444 444 sub.total for Perton 444 PipeRepair- Pipe Repalr Restricted 8.700 8,700 8,700 8,700 Sub-total for PipeRepalr Plxell- St Peters Plxell Restricted Endowment 25,847 2.431 28,279 s￿￿tOtal for PÉxell 25,847 2,431 28,279 Prolett-w- Community Project Restricted 12,320 12,320 10,325 10,325 7,238 7.238 114 114 sU￿tOtal for Project.w 15.521 15,521 RESERVE-J - STJOHNS RESERVE FUN Unrestricted Restricted 1,698 1,631 3.329 1,698 1,631 3,329 sub.total for RESERVE-J Retital- Recltal- Funds For Designated 1.540 1,540 3,462 3A62 2,225 2.225 Sub-total for Recital 2,778 2.778 Repair-P- St Peters Repair & U Endowment 194,816 194,816 Sub-total for Repair-P 18,329 18,329 213.145 213.145 Restore- St Johns Restoration Restricted 2,650 2,650 171 171 Sub-total for Restore 2,821 2,821 sOI￿HERN- SOUTHERN Unrestricted 134.6401 134,6401 50 50 693 693 Sub-total for SOUTHERN Scholar- Organ And Choral Sch Restrlcted 13,000 13.000 5,000 5,000 13,0001 13,0001 Sub-total for Scholar 5,000 5,000 Sotrnd - Sound System Restricted 591 591 591 S4Jb-total for Sound 591 stIthTJme- A Stlch In fime Restricted 465 465 46S 465 Sub-total for StichTime Togèther- Together Fund Warm W Restricted 256 256 256 256 Sub-total for Together Upkeep-l - Upkeèp-j Sale Of Fla Endowmènt 298,146 298.146 Sub-total for Upkeep-j 11,616 11.616 309,763 309,763 Poge 36 Upkeep-P- St Peters Upkeep & R Restricted Endowment 5.089 249,982 255,072 5,089 248,400 253,489 11.5821 11,5821 Sub.total for Vpkeep-P Vicar- Vicars Fund Designated 3SO 350 350 350 Sub-total for VScar WESTERN - WESTERN Unrestricted 27,134 27,134 1,096 1.096 128.2301 128,2301 Sub-total for WESTERN Ward - St Peters School War Endowment 89,029 89,029 8,376 8,376 97,406 97,406 Sub-total for Ward XmasTree- Christmas Festival Designated 518 518 518 518 Sub-total for Xma5Tree Grand total 1,605.746 316,348 411.374 31.296 1,548,806 staff Costs 2024 2023 Wages & Salaries Social Security Costs Average number of Employees £20,203 £1.109 £22.510 £i,ioi All Gods People- Funded by the National Church shown as a grant 2024 2023 Wages & Salaries Social Security Cost5 Average number of Emplo ees £30,000 £2,048 £18,438 £1,173 Ouring the year the PCC employed a Mu5i¢al Director, a Caretaker, a Cleaner and Outreach workers all part-time and not all payments attracted social security costs. St Peter5 a150 paid Self-employed Or8anists locally. There were no employee benefits to key management personnel in the previous or current year. The PCC use the National Employment Savings Trust INestl via the Diocesan Payroll Scheme. for its pension payment5 £2751£328 20231. All God5 People pension payments £5001£235 20231 Page37 Trustee< Remuneration & Ex enses There have been no Trustees remuneration during the year. Two Trustees have been reimbursed £NIL1£200 20231 for travel during the year Related Parties No other expenses were paid to any other PCC mernber, persons closely connected to thern or related parties. Donations from 9 related parties IPCC membersl totalled £5,8441£10.427 20231. Anal SFS of Transfèr between Funds 2024 Poge 38 D￿bIt Cr£dlt Oescrfptlon Fund Fun&Type Uhr Tfrfrorn 10651575 to so651￿7 General Tfr from EducutlDn to 14 001 Photo¢o Education RUS 6.91 General 24 I PhotoEg In￿1¢* Tfr from Llghtlng to GqTroTal p05tod to wr*n8 luod 03.Q7 24 JO35629 Tfr Frprn ughljng ¢0 tsenernl pojted to wrong fund 04.10.23 L036027 Geheral Unr ¢3ener Unr 2.2¥Q DD Re5 Tff￿ Llght1Th4 lo tsenerpl pojted to wron¥ fund 04.10.23 1056Q27 TFr LlÉhtlna to General p05ted tD wron8 fund 05.07.24 1035619 Tfr from Hou5• to Li8htlng. Po14 Q$.12.23 audlt 1036249 10 Sutton Van* ta p•ss on to Futronlx empll and Involcry flled UThr k¢$ R¢$ Tfr from Ll8htlnÉ. P•ld 06.12.25 iua6249 to Sutton Ful￿¢￿1￿ ¢frt411 •nd Involdl to General 39902368- To tid Tfr fr?m CoThimunlty Frldg• to General 399OZ36B-T¢ tSdy Unr 2.363.9S Klt¢henFrldEe Re Anal Transfer between Funds 2023 Poge 39 Debit Credit De%ription Fund Fund 743.45 Bal 8/Fwd trffrom Southern to General General Unr 743.45 Bal B/Fwd trffrorn Southern to General General Unr 743.45 Bal Blfwd trf from Southern to General SOUTHERN Unr 743.45 Bal Blfwd trf from Southern to General SOUTHERN Unr 693.45 Tfr General to Southern to rationalise General Unr 693.45 Tfr General to Southern to rationalise Tfr from changing live to General K8 tidy SOUTHERN Unr 0.92 Change Res rfr from changin8 live to General KB tidy 0.92 General Unr 106.74 Per Photo ra roject ended Projèct-w Res 106.74 To Cornmunity PHOTO Res 106.74 Per Photo ra hy project ended WESTERN Unr 106.74 To Western project ended PHOTO Res 106.74 Per PhotO8raphy project ended WESTERN Unr 106.74 To Western project ended Tfr from Western to General to rationalise PHOTO Res 10,944.87 General Unr 26.00 Tfr Western to General to rationallse General Unr 10,944.87 Tfr Western to General to rationali5e Tfr from Western to General to rationalise Tfr from Western to General to rationalise Tfr from Western to General to rationalise Tfr from Western to General to rationalise Tfr frorn Western to General to rationalise WESTERN Unr 26.00 WESTERN Unr 956.00 General Unr 140.00 WESTERN Unr 956.00 WESTERN Unr 140.00 General Unr 1,587.08 Tfr from General to Omid 03829156 OMID Res I,S87.08 Tfr from General to Omid 03829156 General Unr 26.00 Tfr Wèstern to General WESTERN Unr 26.00 Tfr Western to General KB tidy up General Unr Poge 40 Tfr from Project-w to General Room hire for Art Society Workshops Grant Tfr from Project-w to General - Room hire for Art Society Workshops Grènt Tfr from Food to Project-w to close fund as per email 11101124 45.00 General Unr 45.00 Project-w Res 53.03 PTO ect-w Res 431.88 Tfr from General t¢ Godly play #9156 General Unr 8,700.00 Tfr frorn General to Pipe #9156 Tfr from General to Cleaner to bring to General Unr 1.822.00 General Unr Tfr frorn General to Cleaner to bring to 1,822.00 Cleatier Res 8,700.00 Tfr from General to Pi e #9156 eRe Re5 431.88 Tfr from General to"Godly play #9156 Tfr from Food to Project-w to c105e fund as pey email 11101124 Godlv Res 53.03 Food Re5 344.00 Tfr from Parish to General to rationalise General Unr 344.00 Tfr from Parish to General to rationalise Tfr from General to General p to rationalise Tfr from Generdl to General p to rationalise Tfr from General to General p to rationalise Tfr frorn General to General P to rationalise Tfr from General to General p to rationalise Tfr frorn General to General P to rationèlise Tfr from General to General P to rationalise Tfr from General to General P to rationalise PARISH Des 13,591.33 GENERAL-P Unr 13,591.33 GENERAL-P Unr 13.591.33 GENERAL-P Unr 13,591.33 General Unr 15,066.13 GENERAL-P Unr 13,591.33 General Unr 15.066.13 General Unr 13,591.33 General Unr 8,250.00 Tfr frorm CCLA to 10651575 Tfr from Education to General Photocopylng Involce 231001 Tfr from Education to General- Photocopying Invoice 231001 Tfr frorn 50651907 to 10651575 for cashflow HOUSE Unr 12.88 General Unr 12.88 Education Re5 4,000.00 General Unr Tfr from General to St Peters General KB tid Tfr from General to St Peters General KB tidy up Tfr from Scholar to Eglington to keep separate 344,00 GENERAL-P Unr 344.00 General Unr 3,000.00 Scholar Res Page 41 Tfr from Scholar to Eglington to keep arate Tfr from Education to General Photocopy Invol￿ 231007 Tfr from Education to General Photocopy invoice 231007 Tfr from Western to General to rationalise Tfr from Westem to General to rationalise 3,000,00 se Edin ton Res 16.94 General Unr 16.94 Education Res 6.786.58 WESTERN Unr 6,786.58 General Unr 1,582.88 Tfr from Ornid to General 39902368 General Unr 1,582.88 Tfr from Omid to Gener3139902368 OMID Res 43,188.00 Tfr fiom Godly to General #2368 General Unr 431.88 Tfr from Godl to General #2368 General Unr 43,188.00 Tfr from Godl to General #2368 General Unr 8,700.00 Tfr frorn Pipe to General #2368 General Unr 8,700.00 Tfr frorn Pi e to General #2368 PipeRepalr Res 43,188.00 Tfr from Godly to General #2368 Godlv Res 43.188.00 Tfr from Godly to General #2368 Godly Res 431.88 Tfr from Godly to General #2368 Godl Res 1.508.31 Tfr from General P to House to clear Tfr from General to General p to rationalise HOUSE Unr 1.518.30 General Unr 1.508.31 Tfr from General P to House to clear GENERAL-P Unr 1,508.31 Tfr from General P to Hovse to clear GENERAL-P Unr 1,518.30 Tfr frorn General-P to House GENERAL-P Unr 1,508.31 Tfr from General P to House to clear Tfr from General P to General to rationalise Tfr from General P to General to rètionalise HOUSE Unr 1.518.30 GENERAL-P Unr 1.518.30 GENERAL-P Unr 1.518.30 Tfr frorm General-P to House Tfr from Gener31 to General p to rationalise Tfr frorn 50651907 to 10651575 for cashflow Tfr from Westefn to General to rationalise HOUSE Unr 1,518.30 General Unr 4,000.00 HOUSE Unr 17.50 General Unr Poge 42 Tfr from Western to General to rationalise Tfr from Western to Garden input incorrectlv Tfr from Western to General to rationalise Tfr from Western to General to rationalise Tfr from Western to Garden input incorrettly 17.50 WESTERN Unr 17.50 Garden Res 17.50 General Unr 17.50 WESTERN Unr 17.50 WESTERN Unr 9.369.00 Tfr Western to General to rationalise Tfr from Western to General to rationalise Tfr frorn General to Fabrle as per email from Chri5 0'8rien dated 0710312024 Tfr from General to Fabric as per email from Chris O'Brien dated 0710312024 Tfr from General P to General to rationali5e rfr from General P to General to rationalise Tfr from Western to General to rationallse Tfr from Western to General to rationalise 0201 Tfr Central-j to General to rationalise General Unr 9,369.00 WESTERN Unr 4,650.07 Fabric-w Res 4.650.07 General Unr 10.23 GENERAL-P Unr 10.23 General Unr 16.51 WESTERN Unr 16.51 General Unr 20.(KI General Unr 8,06S.97 Tfr Central-j to General to rationalise 0101 Tfr Central-j to General to ratlonalise 0201 Tfi Central-l to General to rationalise General Unr 168.00 CENTRAL-J Unr 20.00 CENTRAL-I Unr 8,065.97 Tfr Central-j to General to iationali5e 0101 Tfr Central-l to General to rationalise CENTRAL-J Unr 168.00 Gene¢al Unr 419.00 Tfr from General to Central l KB tidy u General Unr 419,00 Tfr from General to Central J KB tid Tfr frorn General-P to General to rationalise Tfr from General-P to General to rationallse CENTRAL-J Unr 235.638.41 GENERAL-P Unr 235,638.41 General Unr Transfer from Hall to General. Entered trf frorn 100027570 to 03829156 General fund in error Transfer from Hall to General. Entered trf from 10002757D tts 03829156 General fund In error 12,000.00 General Unr 12,000.00 Hall HouseReserv Re5 8,250.QO Tfr from CCLA to 10651575 Res Page43 Fixed Ass al Tan8ible Fixed Assets Freehold 8uildings Church Equlpment Total Assets Cost or Valuation Asatljan Additions in the Year Disposal in the Year Revaluation lif anyl Value at 31 De 247,683 0.00 299.75 0.00 0.00 0.00 299.75 247,982 0.00 0.00 11,699 259,682 11,699 259,382 Accurnulated Deprec13tion AsatlJan Charge for the Year Disposals Value èt 31 Dec 0.00 0.00 0.00 299.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0,00 Net Book Value at l Jan 2023 Net Book Value at 31 De 2023 247683 259,382 299.75 0.00 247,982 259,382 The Freehold land and buildings is St Peters House- 4 Exchange St Wolverhampton. St Peters House is revalued at 31 December annually using the Nationwide house price calculatOT referred to on pa8e 20. FrSdge St Chad & St Mark depreaation of 50%- £299.75 at nil in 2024 bl Fixed Asset Investments Puge 44 Atljan Additio ns Disposal Transfer Change In Market Value At 31 Dec Uniestricted funds Investments 242,678 0.00 0.00 0.00 -Is,ioi 227,577 Restricted Funds Investments 48.716 0.00 0.00 0.00 454 49,170 Endowment Fund Investments 868.714 0.00 -10,000 0.00 23,978 882,692 Total 1,159,570 0.00 -10,000 0.00 9,331 1,159,439 CCLA C83028324- St Chad & St Mark Fabric- £30,838 20241£30,148 20231 CCLA CB3008502- St Peters- £218,023 2024 IE213,145 20231 CCLA CB3008504- St Peters - £99,635 20241£97,406 20231 CCLA CB3008572- St Peters- £254,085 20241£248.400 20231 CCLA CB3008611- St Peters - £28,926 20241£28,279 20231 AFH Wealth Management FHL10005- St Johns- £310,946 20241£￿9,763 20231 St Peters Harris Allday C047910- St Peters- £216,98120241£232,427 20231 Liabilities Liabilities due within one year 2024 2023 Agencv LDBF Loan All Saints LDBF Common fund liability All Saints LDBF loan for lightln Agency Total 2,289 2.665 237 2,665 0.00 io,Tr)o 25,000 14.955 27,902 Liabilities due after one year 2024 2023 LDBF loan due 2- 5 years All Saints LDBF loan due after 5 years All Saint5 10,660 10,660 13,777 13,777 Totsl 24,437 24.437 Debtors Puge 45 2024 2023 Music D'outrota Founders Day Service Wolverhampton Nurses badge ceremony Wolverhampton CC Scouts- Organist LDBF Vacancy Total 300 510 300 500 120 2,276 2,276 1.730 *A8ency show a net figurè £2.289- £2,276= £13 shown in the account5 Summary ofAssets by Fund 2024 Pt7ge 46 Unrestricted Dèsign3ted Restrlcted 2,200 3.778 Endowment 2024 2.200 3,778 6,457 217 5,507 2025 5,000 3,520 5,162 217 8,713 58 2,240 4,475 11.255 921 4,805 143 15,247 753 29 19,295 1,602. 222.372 2,271 382 21.265 1,329 250,278 17,228 8,854 678 3.500 809 Restricted- AssitantDirector Restrieted- Bells Desi8nated- Bookshop Restricted- Chapel Restricted Choir Restricted- Clinton Restricted- Covid Designated- Craven Re5tricted- Decoration Restricted- Edington Restricted- Education Restiicted- Emergen￿ Fund Restricted Fabric-w Restricted- FlowersP Restricted- FloweTsW Restricted Friend5 Restrlcted- GARDEN Unrestricted- General Restricted- Godly Re5tricted- Growth Restricted - Hall Restricted- HARDSHIP Unrestricted - HOUSE Restricted - HouseReserve Re5tricted- KitchenFridge Re5tritted- Lamps Restricted Lighting Restricted- NEIGHBOURS Restricted- Net-zero Restricted- Organupkeep Restricted- OUTREACH Restricted- People Restrirted- Perton Restricted PIONEER Restricted- Pixell Restricted- PTOj8Ct-W De5ignated- Recital Endowment- Repair-P Restricted- RESERVE-J Unrestricted - RESERVE-J RestrictÈd- Rèstorè Restricted Scholar Restiitted- Sinage Restricted- Sound Restricted - Together Endowrnent- Upkeep-j Endowment- Upkeep-P Restricted- Upkeep-P De5ignated- Wicar Endowment-ward Designated - XmasTree Total 6,457 217 5,507 99 2,240 2.240 4,475 12,155 16961 5,147 98 16.429 851 29 19,295 782 295.016 1.934 382 21,265 4,475 12,155 16961 5.147 16,429 851 29 19,295 782 295,016 1,934 382 21,265 265,537 265,537 18,143 18,623 678 123.9701 18,143 18,623 678 123,9701 9,450 11,0331 9,450 11,0331 11181 8,945 13,8431 444 22,712 28.279 15,521 2,778 213,145 1,631 1.698 2,821 5,000 11.0401 444 11.0401 444 28,926 23,808 28,926 23,808 3.367 218.023 1,631 1,698 15701 3,000 1.000 533 256 310,946 254,085 5,089 350 99.63S 548 1,636,835 3,367 218,023 1,631 1,698 15701 3.000 1,000 533 256 591 256 309,763 248,400 5,089 350 97,406 518 I.573￿06 310,946 254,085 5,089 350 99,635 548 15,198 562,252 176,693 882.692 Summary ofAssets by Fund 2023 Unrestricted Oesignated Restricted Endowrnent 2023 2022 Poge 47 UnrestrFCted General fund SOUTHERN STJOHNS GENERAL FUND STJOHNS RESERVE FUND ST PETERS GENERAL FUND 17 10651575 ST PETERS HOUSE GENERAL FUND WESTERN 197,372 197,372 11.1491 134,6401 7,646 1,698 235.692 256,263 27,134 1.698 1,698 250,278 250,278 Deslgnated Bookshop Sales & Expenses Christmas Festival PARISH Recital Funds For Ticket Sale For Or8an Recitals ST PETERS CRAVEN St Peters Craven Vicars Fund 5.162 518 5,162 518 2,648 344 1,540 2,778 2,778 4,475 350 4,475 350 4,475 350 Restricted A Stich In Timè All Gods Peoplè A5SiStant Dirertor Salary CHAPEL CUF PHOTOGRAPHY COURSE- Inactive Changing ￿Ve5 Childrens Educatlon Cleaner Clinton Flowers Community Fridge/Kltchen Community Project Covid Fund Edington Festival Grant Emergency Fund - Vicar Flowers Western Food Project Friends Of St Johns Garden Project Godly Play Growth Fund Hardship Fund House Reserve IDS Decoration Fund Lighting Scheme NEAR NEIGHBOURS OMID Project Oil Lamps Fund Organ And Choral Scholarship Organ Upkeep PIONEER MINISTRY Perton Donation For Warm Welcome ST JOHNS RESERVE FUND Sound System St Chad & St Mark Fabric Fund St Johns Restoration Fund St Mark5 Hall Fund St Peters Bellringers St Peters Choir 465 13.8421 5.000 217 13,8421 5.000 217 217 106 308 4,657 4,805 4,805 58 8,854 15,521 2,240 921 143 29 58 8.854 15.521 2,240 921 143 29 178 41,771 12,320 2,240 156 29 53 19,295 1,764 2,702 382 1,329 24.802 10,468 19,295 1,602 2.271 382 1,329 17,228 11,255 3,500 809 19.295 1.602 2,271 382 1,329 17,228 11.255 3,500 809 809 1.582 678 13,000 12271 22,452 678 5.000 11171 22,712 678 5,000 11171 22,712 1,631 591 15,247 2.821 21,265 3.520 8,713 1,631 591 15.247 2,821 21.265 3,520 8,713 1,631 591 19,267 2,650 33.26S 2,684 8,840 Poge 48 st Peters Flowers St Peters Pixell St Peter5 Upkeep & Repair To8ether Fund Warm Welcome YOUNG ADULTOUTREACH WORKER 753 28,279 5,089 256 8,945 753 28.279 5,089 256 8.945 702 25,847 5,089 256 8.945 Endowment St Peter5 Repair & Upkeep St Peters School Ward Fund St Peters Upkeep & Repair Upkeep-j Sale Of Flats Totals 213,145 97,406 248,400 309.763 868,714 213,145 97,406 248,400 309,763 1,548,789 194,816 89.029 249.982 298.146 1,605,726 449,348 13,283 217,444 Receipts & Payments Comparative5 Previous Year 2023 Poge 49 Recéipts and Payments Account 2023 Unre5trlcted Restricted Endowment 2023 2022 Income and endowment5 from.. Donation5 and legacies Income from chBritable activities Investments Other income Total Incomè 91.596 38,311 55,274 12,503 197,685 116.797 177 1,688 208,394 38,488 56.963 12,503 316,348 171,902 39,324 52,082 13,158 276,466 118,663 Expenditure on: Raising fund5 Expenditure on charitable activities Total expenditure 244 252,497 252,741 244 411,130 411,374 158,632 158,632 257,541 257,541 Net income I lexpendlturel resources before transfer 155,0561 139,9691 195,0251 18,925 Transfers Gross transfers between funds- in Gross transfers between funds- out Other recognised 8alns11955es Gains I losses on investment a55ets Gains on revaluation. fixed assets. d)aritV'5 own use Net movemènt in fund5 337,001 1298,1691 20,368 134,2001 357.369 1357,3691 125,967 112S,9671 125.0001 2,320 14671 114,3701 15071 61,740 63.553 14671 131,9391 190,8231 7,962 163.9351 154,3091 36,740 Total funds brou8ht forward 502,003 271,767 831,975 1,605.746 1,669.681 Total funds carried forward 487,633 217.458 868.715 1,573,806 1,605.746 Poge 50