& St Peter’s Codsall Wood # **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST NICHOLAS, CODSALL, STAFFORDSHIRE IN THE DIOCESE OF LICHFIELD** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **YEAR ENDED 31 DECEMBER 2022** ## **CHARITY NUMBER 1130892** ## **The Parochial Church Council of The Parish of Codsall Trustees’ Annual Report for the year ended 31[st] December 2022** **Charity registration number: 1130892** ## **Objectives and Activities** The Parochial Church Council of the Parish of Codsall (the PCC) has the responsibility of co-operating with the incumbent, the Reverend Margaret Mattocks in promoting in the ecclesiastical parish, the whole mission of the church, pastoral, evangelistic, social and ecumenical The PCC is also spiritually responsible for the maintenance of the Churches, the Parish Rooms, Church Road, Codsall and St Peters’ Hall, Whitehouse Lane, Codsall Wood. The PCC is committed to enabling as many people as possible to worship at our Church and to become part of our parish community at St. Nicholas, Codsall and St Peters, Codsall Wood. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament. ## **Statement of Public Benefit** The trustees of the Charity are aware of the Charity Commission’s guidance on public benefit 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 in the Ecclesiastical Parish of St Nicholas, Codsall, Staffordshire in the Diocese of Lichfield it helps to promote the whole mission of the Church (pastoral, evangelistic, social and ecumenical) more effectively, within the Ecclesiastical Parish, and that in doing so it provides a benefit to the public by: - - Providing facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers: and - Promoting Christian values, and service by members of the Church in and to their communities, to the benefit of individuals and society as a whole. ## **Achievements and Performance** The full PCC met in January, April, May (APCM), September, November. Codsall PCC is currently made up of a Vicar, 2 Lay Readers and 1 PTO (Permission To Officiate) Lay Reader’, 1 Churchwarden elected annually (serving a maximum 3 year term), (a second Churchwarden wasn’t elected at the 2022 APCM and the post is currently vacant), 12 elected members who are elected for a 3 year term, 2 Diocesan Synod member, 3 Deanery Synod members and the Treasurer, elected annually by the PCC. In addition, there is currently 1 co-opted member with non-voting rights. Elections take place annually at the Annual Parochial Church Meeting (APCM) for a minimum of 4 members plus 2 Churchwardens elected in accordance with the Church Representation Rules. The ministers in the Parish included 1 Associate Minister Rev’d Paul Cody. The Ministry Team which includes the Churchwardens plus other lay representatives. Day to day administration and financial matters are overseen by the Standing Committee which includes the Vicar, Churchwardens, treasurer and up to 2 lay representatives. They are authorised to accept expenditure of a maximum £500. Higher expenditure must be authorised by the PCC. The churchyard, two church halls, magazine and finance along with other groups set up by the PCC each have their own committees who oversee their day to day activities - all of these groups report regularly to the PCC. Our Mission Action Plan (MAP) is in development, this has been delayed due to the disruption caused by Covid. 1. Building development – the audio visual is awaiting installation 2. Helping people connect- A You Tube feed continues to stream services live. 3. Sharing leadership – We have 1 member of our congregation on Reader Training. 2 ## **Highlights of 2022** |**June**|2nd– 5th– Platinum Jubilee celebrations. Souvenir books for the children.| |---|---| ||13th– Archdeacon’s visitation @ Lapley| ||19th– District Council Civic Service (Rev. Margaret is Chaplain)| ||20th– Armed forces Day celebrations at the Hub.| ||27th– Parish Council Civic Service| |**July**|3rd– Confirmation @ Brewood. Congratulations to Brenda, Raychel, Jane & Milo| |**September**|8th- Queen Elizabeth II passed away.| ||9thBook of Condolence opened. Bells rung| ||10th- 16thBook of Condolence open| ||11th– Service commemorating the late Queen| ||18th– Service of Remembrance, celebrating life & service of the late Queen.| ||25th– Thanksgiving service for King Charles III @ St. Peter’s| ||25th– Curry & Cod night re-established at the Pendrell Arms| |**October**|1st– Harvest collection Meals on Wheels| ||31st– Coffee morning| |**November**|9th– Go To Place established| ||13th– Remembrance Sunday ( streamed live from Church and the War Memorial)| |**December**|4th– Announcement of curate to arrive June 2023| ||9th/10th/11th– Christmas Tree Festival.| ||11th– Carol Service @ St. Nicholas| ||17th – Reverse advent collection| ||18th– Carol Service @ St. Peter’s| ||24th- Nativity Services. Midnight Communion| ||25thChristmas services @ St. Peter’s & St. Nicholas’.| ## **Financial Review 2022** This is the second year that we have presented our accounts as Receipts and Payments and as a result comparisons with the previous year reflect a true position. Our regular donations have increase by about 10% following a steep drop in 2021. This is still over 17% below the 2019 figure but show signs of recovery. This remains our single largest source of income and we are extremely grateful to all those who contribute. The loose plate giving has increased significantly now that regular services have resumed in 2022. The day-to-day income and expenditure have now stabilised after the 2 Covid effected years. Over that period significant losses were experienced and the cash flow in General Funds had to be supported by restricted funds. In 2022 there were two significant bequests received totalling over £21,000 which plugged the shortfall which had accumulated. The Common Fund of £67,788 was paid in full which represented a significant reduction of around £18,000 from 2021 due to a change in the way the figure is calculated. Following this a donation of £1,000 was made to the diocese to support parishes less fortunate than ourselves. This donation was shown as missionary giving in the accounts A training bell was installed at a cost of £7,978. This was funded largely by the Bellringers who raised most of the installation costs themselves with the PCC support of £782. A 40% deposit of £18,407 has been made as a down payment on the new AV system which is due to be installed in 2023. This project has been in process since 2018. An appeal was made in 2018/19 which raise around £12,000 and this has been supplemented with other donations. It is being paid for from the Forthcoming Projects Fund The work on the extension to the churchyard has yet to be consecrated so cannot yet be used for burials. Codsall and Bilbrook Councils continue to support the cost of the churchyard. 3 |Magazine
Income
Costs
Profit/Loss
Parish Rooms
Income
Costs
Profit/Loss
St Peter's Hall
Income
Costs
Profit/Loss
Fund Raising
Income
Costs
Profit/Loss||Unrestricted
Funds
12,292
-8,089
4,203
7,459
-5,561
1,898
5,988
-3,526
2,462
3,616
-1585
2,031||Restricted
Funds
0
0
0
0
0
0
0
0
0
0
0
0||Total Funds
2021
12,419
-9,223
3,196
3,999
-4,641
-642
3,917
-3,544
373
1,226
-881
345||2022
12,292
-8,089| |---|---|---|---|---|---|---|---|---| |||||||||4,203| |||||||||7,459
-5,561| |||||||||1,898| |||||||||5,988
-3,526| |||||||||2,462| |||||||||3,616
-1585| |||||||||2,031| The income from our halls have recovered significantly. Fundraising has improved and this was largely due to the Christmas Tree Festival. The loan taken out to build the disabled toilet and tea bar has reduced to £73,137. It is being fully funded through the Warner Bequest which has largely been invested. A £15,000 sale of stock has been made in 2022. This fund is also used to cover the maintenance of the church. The day-to-day financial position of the church has now recovered so that the PCC is delighted to report that it has been able to resume it’s charitable giving in 2022. £500 donations were given to each of 4 specific causes - Toilet Twinning, The Well (Wolverhampton Foodbank), Solace Wolverhampton and Go To Place. This is in additional to the regular support given through some annual events. The Common Fund (formerly Parish Share) for Codsall includes 20% support for the more deprived parishes in the diocese (2022=£11,298). This year it was supplemented by the PCC with an additional £1,000. In 2022 the total voluntary giving was 2.7% of general income. ## **Reserves Policy** It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least three months unrestricted payments. This is equivalent to £29,553 [£31,414 2021]. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the year-end was £66,054 [£39,797 2021] General Fund £69,195 [£75,656 2021] Designated funds Total £135,249 [£115,453 2021] which is higher than this target. 4 ## **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 (CCLA) in London. AFH Wealth Management and EFG Harris Allday. The charity’s investment policies are based on two key principles: - - Ethical Investment – 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 responsibilities – the trustees are aware of their long-term responsibilities in respect of the Restricted and Unrestricted reserves and as a result follow a prudent approach to investment decisions. Investment policy for long-term funds is aimed primarily at generating a sustainable income, with due regard to the need for the preservation 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 capital. In summary, the charity has an overall policy to maximise income while preserving the real value of its funds. Due to the nature of the charity, an ethical investment policy is taken into consideration when investments are made: The charity follows the Ethical Investment Advisory policy as recommended by the Lichfield Diocese which includes the following: - “We aim to invest in companies that: - will develop their business in the interests of shareholders; - demonstrate responsible employment practices; - are conscientious concerning issues of corporate governance, the environment and human rights; - are sensitive to the community in which they operate.” Planned giving, collections and donations are the main sources of fund raising along with tax recoverable. It is the policy of the PCC to invest funds to achieve a balance of income and growth using a spread of medium and low risk CBF Fund investments. ## **Safeguarding** The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). ## **Reporting Serious Incidents** A Serious Incident is an adverse event, whether actual or alleged, which results in or risks significant harm to the charity’s beneficiaries, employees, 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 charity’s work or reputation. The trustees are not aware of any Serious Incidents in the last year. ## **Fundraising** The PCC takes it fundraising 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 take 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. ## **Volunteers** The members of the PCC would like to thank all 102 volunteers who work so hard to make our Church a lively and vibrant community. 5 ## **Risk Management** The Church Wardens carry out regular Health and Safety Reviews and regularly inspect premises for potential hazards. We have safeguarding policies in place for child protection and for work with vulnerable adults, including rigorous DBS checking of staff and volunteers. Our insurances are reviewed annually to ensure adequate cover. An informal review of any new risks which may impact 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 is a Charity registered with the Charity Commission ( **1130892)** . The PCC is governed by the Parochial Church Council Powers Measure (1956) as amended that came into effect on 2[nd] January 1957, and the Church Representation Rules (contained 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 training from courses run by the Diocese. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. The PCC met 6 times in 2021. [Given its responsibilities, the PCC has a number of sub committees, each dealing with a particular aspect of parish life. These include Finance and Standing Committee. Each reports back to the PCC with the minutes of their meetings.] ## **Related Parties** Mrs Wallin has been employed as a Verger in 2022 [and 2021] and Mrs Jevons has been employed as an Administrator in 2022 [and 2021]. They have held these posts for many years and the PCC have decided that as valued members of the congregation along with their experience that they are both able to act as a Trustees also. They would not be present during any discussions regarding their employment. ## **Donations from Related Parties** Donations from related parties during the year totalled £7,710 [£6,875 20210]. All of these donations were received without conditions. ## **Remuneration paid to Trustees** Two of the trustees have been paid £10,407.36 remuneration or for duties as a Verger and Administrator. The PCC discussed the reason for employing the two trustees and continuing as Trustees. They have both been employed for many years and it was felt that because of their years of experience in their respective roles and their years of attending St Nicholas Church that they wanted them both to continue in both roles. Any discussions about their employment are held without either of them being present No other Trustee received remuneration or any other benefits from employment with the PCC. ## **Expenses paid to Trustees** One trustee was reimbursed £123 for travel and subsistence during the year. ## **Future Plans** 1. To continue to stream our services enabling the vulnerable to participate in weekly worship 2. To follow through on our MAP 3. To continue support our local Foodbank 4. To continue the ‘Go To Place’ – warm hub – in association with the local council and business 5. To establish further ways for people to meet to consider God’s teaching via home groups. To provide training for those who share leadership of our groups and activities, further developing their gifts. To encourage others to take up the leadership baton. 6 ## **Grant Making Policy** Donations to be made according to the financial position within the General Fund (the income available for dayto-day use). This will vary and be set in the last quarter of the year by the PCC. The aim is to return to 3.5% of the General Fund Income which was the agreed pre Covid grant making level. The Common Fund formula for Codsall includes an additional 20% Mutual Support for more deprived parishes. ## **Social Investments** - Sunday services are held weekly at St Nicholas’ and on the 2[nd] & 4[th] Sunday at St. Peter’s Codsall Wood - Thursday morning Services on 2[nd] & 4[th] @ St Nicholas’ 1[st] . 3[rd] & 5[th] @ St Peter’s - Go To Place (Warm Hub) every Wednesday morning at Love & Liquor - Monday Evening bible study group in The Crown - Pastoral Care group – identifying those who would benefit from a telephone call. - Pastoral Service provided for Baptisms, Weddings, funerals and those exploring confirmation. - You tube taking Church into the Community - Private Prayer – Wednesday afternoons in church. - Midweek Compline via Zoom - Coffee, Cake & Chat – 1[st] & 3[rd] Mondays in the Parish Rooms - Craft group weekly in the Parish Rooms - Ladies Circle – monthly group open to all ladies with guest speakers in the Parish Rooms. - Railway Group – a monthly group for railway enthusiasts in the Parish Rooms. We suspended home communions and care home services as a result of Covid. We will look to resume them when circumstances allow. ## **Our prime concern during the past year has been to keep everyone visiting church safe.** 7 ## **Reference and Administrative Details.** |**Churches:**|St Nicholas, Codsall| |---|---| ||St Peters, Codsall Wood| |**Independent Examiner**:|Mr Jonathan Hill FCMA CGMA| ||Lichfield Diocesan Board of Finance| ||St Mary’s House| ||The Close| ||Lichfield| ||WS13 7LD| |**Bankers:**|Barclays Bank plc| ||Bilbrook Branch| ||PO Box 5| ||Wolverhampton| ||WV1 1DS| |**Investment**|CCLA| ||1 Angel Lane| ||London| ||EC4V 4ET| |**Address for Correspondence:**|Codsall Vicarage| ||48 Church Road| ||Codsall| ||Staffordshire| ||WV8 1EH| |**Charity Name:**|The Parochial Church Council of the Ecclesiastical Parish of| ||St Nicholas, Codsall, Staffordshire in the Diocese of Lichfield| |**Registered Charity Number:**|1130892| 8 **PCC Members: Who Served from 1 January 2022 to the date this report was approved** |**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**period**| |---|---|---| |**Ex-Officio**||| |The Revd M
Mattocks|Chair|| |Mrs S Gilmour|Reader|| |Mrs J Gollins|Reader|| |Mrs J Morgans|Reader|| |Mrs A Fletcher|Church Warden|| |Mr C Pickering|Church Warden|Term ended May2022| |Mrs E Wallin|Diocesan Synod Representative|| |Mr R Marsh|Deanery/Diocesan Synod Representative/Treasurer|| |Mrs S Cartwright|DeanerySynod Representative|| |Mr D Carver|DeanerySynod Representative/Vice Chairman|| |||| |**Elected Members**||| |Mrs H Bristow||| |Mrs T Carver||| |Mrs H Edwards||| |Mr J Marsh||| |Mr I Morris||| |Mrs D Morris||Term ended May2022| |Miss B O'Connor||| |Mr R Palmer||| |Mr C Pickering||Appointed May2022| |Mrs S Richardson||| |Mrs J Symonds||Appointed May2022| |Mrs H Walker||| |Mr T West||| |Mrs A Jevons|Co-opted/Secretary|| 9 Tru51eesAnDu•l Iteport 2022 PCCfyJ OOMM 2oXx￿d sbi•doh hs b•h•Wbr. R•¥d XXXXXXXXXXXX rt. nAfjfb£llS xxmxxxxxxxxxxx 10 IndEpen&nt E]t4rninerfs repwttothe tnthe5/mefflber501Th• PCC olTh• Parfsh OfCod￿lI e85ste￿d charity ￿mE￿.. 1130892 i ￿portan thÈaecounts lor the yearMdod 31# tlotÈmbei 2022 whth are set oul On the followirya pa6es. xarnlTher The cha¥iiVs trustees a￿ wrts*Jle for preparation of ac£LXJnt5. The chaTbtWs trusiees conslder that an audit is not required for th$ yearunder Section 144 otthe Charrties Art 2011 Ithe Charrties Attl and th at on hidependentex4rnlr￿t￿￿ 15 needed. It k mYrespo￿bIlitY to examlnethe a(c￿ntS vnder se¢¢A)tt 145 of thtchèrsties Att. to follow the prttedures lam4 down Inthe General DirÈctKTrns byt￿ Charity Commi55kn Ivnder5eition 1451Sllbl of the Charitie&A¢ and io $￿te whEtherparticuLqr rnatter5 have come to atteTrtlDn. Ba515 of Ir¥Je min My eXaMinat￿)rt wa5 Ca￿led ovt in acC+Jrdan￿wIth the General l)irectit)tIS si￿n tythè Charrty commiss￿￿. An examinatw itKludes a review of the accouTrtir6 record5 kept by the charlt¥ and a compaflson of the acwurrt5 presentedwhth those words. ti atso indudescon5idErat4L￿ o¥ arry unusual items or ￿￿k)SUTeS ID the accotsnt5. and see*Tr)g exp￿nat￿l￿$ from the truStÈeS tonterniry anysuch matters. The prttÈdurÈS utbdertaken do Dot all theevhaence that woukl be reovlred 14) an avdit. consequent no o￿nI01￿ Is gfven a5 to whEther the accLwnts we5ent o ttrue andfairf vmv and the report is limited to those matter5 Set (yjt irtr the ststement bèkm. Ex6M1¢￿'S Siatem2nt In connection with myexamltwtK￿. rnatte￿ have cvrne to myattention which gives me cause to bel￿ethat in any n￿terIal respert.. accouniing record&were nrA kept In accordancewlth Sect￿ 130 otthe Charltles Ad or the arcountsdo notaccord with thewi(h the aco*ntin8 records I have c¢Jffle acr055 noothermarters in Cont)ect￿n wrth the examination to wh*h attention should be w* inwder toenable a proper undérstandiÈ¥ ol tho atcovnts to be reè¢hed. Svaned.. Jonathan Hill FCMACGMA lKhf￿1d DKKesan Boardof Finafite St Mary's HtyJSe. ThE Cl(xe, Lichlleld W513 71D .. Date.. 0510512023....__...._ ## **The Parish of Central Wolverhampton Notes to the Financial Statements** For the year ended 31[st] December 2022 ## **Accounting Policies** The Financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis. There may be minor discrepancies in the totals as the pence are not being shown. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members. ## **Cashflow Statement** The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a cashflow statement on the grounds that the income does not exceed £500,000. ## **Going Concern** There are no material uncertainties relate to events or conditions that cast significant doubt on the charity’s ability to continue as a going concern. ## **Accounting Estimates and Prior Year Errors** No changes to accounting estimates have occurred in the reporting period. No material prior year errors have been identified in the reporting period. ## **Description of Funds** **Unrestricted 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 included in its ‘free reserves’ as disclosed in the trustees' annual report. An explanation of purpose of each Designated fund are as follows: - Projects – Forthcoming projects – Money ringfenced for projects agreed by the PCC - NextGen – St Nicholas – Next Generation – Money ringfenced for St Nicholas for use for work with children. - Vicarage – Car park fund – This was originally set up to enable the car park to be built and now represents the capital asset value of the car park. **Restricted funds** comprise of two elements :- - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest - b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may 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 a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. 12 An explanation of purpose of each Restricted fund are as follows: - HFabric – Church Fabric fund –Donations and bequests for work on the Fabric and maintenance of St Nicholas Church - SetAside – Churchyard Set Aside – Donations for maintenance of the Churchyard - Organ Fund – Donations for the maintenance of the Organ and other music facilities - IDS Fund – Codsall Vicarage Redecoration – Restricted for the re-decoration of the Vicarage - Quinquennial – Specific funds for the Quinquennial. **Endowment funds** are restricted 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 income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts. An explanation of purpose of each Endowment fund are as follows: The PCC of Codsall does not hold any Endowment funds. ## **Incoming Resources** Planned giving, collections and donations are recognised when received or when the PCC becomes entitled to the resource and the monetary value can be measured with sufficient reliability. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due, and the monetary value can be measured with sufficient reliability. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. ## **Resources Expended** Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive 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 accounted for gross. ## **Governance and Support Costs** Support costs should be allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the PCC and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources eg by allocating staff costs by time spent and other costs by their usage. ## **Fixed Assets** Consecrated and benefice property is not included in the accounts by s.10(2)(a)&(C) of the Charities Act 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’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets exceeds 50 years, so that any depreciation charges would be immaterial. Other tangible fixed assets are valued at cost apart from the Village Hall which is valued on the annual rental income raised to the nearest £500 above x10. The Indices used for revaluation of the Tangible fixed assets are ‘The Land Index and Nationwide Index’ 13 ## **Investments** Investments in quoted shares, traded bonds and similar investments 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 at settlement amount. Subsequently they are measured as cash expected to be received. ## **Creditors and Accruals** Creditors are measured at settlement amounts less any trade discounts. Accruals are measured on best estimate of the amount required to settle the obligation at the reporting date. 14 ## _**The Parish of Codsall year ending 2022**_ ## **Receipts and Payments Account 2022** ||**Unrestricted**
**Restricted**
**2022**
**2021**| |---|---| |**Receipts from:**
Donations and legacies
Receipts from charitable activities
Other trading activities
Investments
**Total receipts**
**Payments on:**
Raising funds
Payments on charitable activities
Other payments
**Total payments**
**Net receipts / (payment) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains / losses on investment assets
Gains on revaluation, fixed assets, charity's own
use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|97,631
8,867
106,498
81,078
21,502
—
21,502
19,362
29,153
—
29,153
19,813
2,196
9,100
11,297
8,114| ||**150,484**
**17,967**
**168,452**
**128,369**
1,481
—
1,481
980
116,733
16,484
133,218
144,216
—
—
—
4,165| ||**118,215**
**16,484**
**134,700**
**149,362**| ||**32,268**
**1,483**
**33,751**
**(20,992)**
1,530
900
2,430
2,394
(2,430)
—
(2,430)
(2,394)
(10,527)
(47,988)
(58,515)
—
44,673
(1,193)
43,479
63,082| ||**65,514**
**(46,797)**
**18,716**
**42,089**| ||**481,522**
**324,667**
**806,190**
**764,100**| ||**547,036**
**277,870**
**824,906**
**806,190**| 15 ## **Statement of assets and liabilities 2022** ||**General**
**Designated**
**Restricted**
**2022**
**2021**| |---|---| |**Fixed assets - Investments**
CCLA 620010001L -
CCLA 620010001M -
CCLA 620010001P -
CCLA 620010001X -
CCLA 620010002L -
CCLA 620010002S -
CCLA 620010003L -
CCLA 620010003S -
CCLA 620010004S -
**Totals**
**Fixed assets - Tangible assets**
Churchyard -
Parish Rooms -
St Peter's Hall -
St Nicholas Car Park -
AV System 2022 -
**Totals**
**Current assets - Cash at bank and in**
**hand**
Barclays Bank current account -
CCLA (CBF) 3D General -
CCLA (CBF) 5D Church Fabric -
CCLA (CBF) 6D Set Aside -
CCLA (CBF) 7D Projects -
Codsall PCC - St Nicholas Donations
Acco -
Lichfield IDS account -
Lichfield Quinquennial A/c -
**Totals**
**Current assets - Debtors**
Accounts Receivable -
**Totals**
**Liabilities - Agency accounts**
Agency collections -
**Totals**
**Liabilities - Creditors: Amounts falling**
**due after more than one year**
Diocesan Loan due in 2 - 5 Years -
**Totals**
**Liabilities - Creditors: Amounts falling**
**due in one year**
Diocesan Loan due in 1 Year -
**Totals**|—
31,908
—
31,908
37,117
—
—
68,673
68,673
77,684
—
—
44,544
44,544
50,465
—
—
8,160
8,160
28,221
21,272
—
—
21,272
24,744
—
—
123,188
123,188
139,624
—
—
33,494
33,494
38,961
13,833
—
—
13,833
15,679
—
—
45,650
45,650
51,741| ||**35,105**
**31,908**
**323,711**
**390,726**
**464,241**
59,079
—
—
59,079
51,284
259,282
—
—
259,282
244,279
60,000
—
—
60,000
40,000
—
32,410
—
32,410
30,535
—
19,517
—
19,517
—| ||**378,361**
**51,927**
**—**
**430,288**
**366,098**
18,779
17,730
16,391
52,901
40,689
12,490
—
—
12,490
11,322
—
—
417
417
412
—
—
7,860
7,860
6,407
—
—
—
—
2,855
(420)
40
390
10
10
100
—
2,369
2,469
1,869
—
—
400
400
—| ||**30,949**
**17,770**
**27,829**
**76,549**
**63,566**
1,014
—
—
1,014
—| ||**1,014**
**—**
**—**
**1,014**
**—**
—
—
533
533
3,662| ||**—**
**—**
**533**
**533**
**3,662**
—
—
62,222
62,222
73,137| ||**—**
**—**
**62,222**
**62,222**
**73,137**
—
—
10,915
10,915
10,915| ||**—**
**—**
**10,915**
**10,915**
**10,915**| 16 **Grand total 445,430 101,605 277,870 824,906 806,190** 17 Tot• 10.915 10.915 10.915 Gr•nd tot•1 445 430 A. 18 ## **Statement of assets and liabilities 2021** ||**General**
**Designated**
**Restricted**
**2022**
**2021**| |---|---| |**Fixed assets - Investments**
CCLA 620010001L -
CCLA 620010001M -
CCLA 620010001P -
CCLA 620010001X -
CCLA 620010002L -
CCLA 620010002S -
CCLA 620010003L -
CCLA 620010003S -
CCLA 620010004S -
**Totals**
**Fixed assets - Tangible assets**
Churchyard -
Lectern & Fixtures, Fittings -
Fixtures, Fittings & Office eqt. dep -
Parish Rooms -
St Peter's Hall -
St Nicholas Car Park -
**Totals**
**Current assets - Cash at bank and in hand**
Barclays Bank current account -
Barclays Bank current account -
CCLA (CBF) 3D General -
CCLA (CBF) 5D Church Fabric -
CCLA (CBF) 6D Set Aside -
CCLA (CBF) 7D Projects -
Cash in hand -
Codsall PCC - St Nicholas Donations Acco
-
Lichfield IDS account -
**Totals**
**Current assets - Debtors**
Accounts Receivable -
**Totals**
**Liabilities - Agency accounts**
Agency collections -
**Totals**
**Liabilities - Creditors: Amounts falling due**
**after more than one year**
Diocesan Loan due in 2 - 5 Years -
**Totals**
**Liabilities - Creditors: Amounts falling due**
**in one year**
Diocesan Loan due in 1 Year -
Accounts Payable -
**Totals**|—
37,117
—
37,117
31,924
—
—
77,684
77,684
74,971
—
—
50,465
50,465
43,483
—
—
28,221
28,221
23,963
24,744
—
—
24,744
21,282
—
—
139,624
139,624
121,908
—
—
38,961
38,961
33,510
15,679
—
—
15,679
13,689
—
—
51,741
51,741
45,176| ||**40,424**
**37,117**
**386,700**
**464,241**
**409,909**
51,284
—
—
51,284
51,284
—
—
—
—
34,388
—
—
—
—
(31,398)
244,279
—
—
244,279
223,375
40,000
—
—
40,000
75,000
—
30,535
—
30,535
27,922| ||**335,563**
**30,535**
**—**
**366,098**
**380,571**
(12,249)
35,975
16,964
40,689
37,104
—
—
—
—
441
11,322
—
—
11,322
10,326
—
—
412
412
411
—
—
6,407
6,407
5,091
—
2,855
—
2,855
2,855
329
(329)
—
—
726
(60)
40
30
10
—
—
—
1,869
1,869
1,407| ||**(657)**
**38,540**
**25,683**
**63,566**
**58,364**
—
—
—
—
9,891| ||**—**
**—**
**—**
**—**
**9,891**
—
—
3,662
3,662
2,268| ||**—**
**—**
**3,662**
**3,662**
**2,268**
(10,915)
—
84,053
73,137
89,347| ||**(10,915)**
**—**
**84,053**
**73,137**
**89,347**
10,915
—
—
10,915
—
—
—
—
—
2,084| ||**10,915**
**—**
**—**
**10,915**
**2,084**| 19 |**Liabilities - Provision for liabilities and**
**charges due within one year**
Deferred Income -
Deferred Income -
**Totals**
**Grand total**|—
—
—
—
822
—
—
—
—
114| |---|---| ||**—**
**—**
**—**
**—**
**936**| ||**375,329**
**106,192**
**324,667**
**806,190**
**764,100**| ## **Analysis of receipts and payments 2022** ## **RECEIPTS** ## **Donations and legacies** |0101 - Tax Efficient Giving
0201 - Other planned giving
0301 - Loose plate collections
0302 - St Peters Collections
0410 - Giving through church
boxes
0550 - Donations appeals etc
0601 - Tax recoverable on
Stewardship
0602 - Tax recoverable on Gift
Aided Donations
0701 - Legacies
0801 - Recurring grants
08A1 - Non-recurring one-off
grants
0901 - Other funds generated
Total
**Income from charitable activities**
1101 - PCC - Statutory fees for
Weddings and Funerals
Total
**Other trading activities**
0910 - Social Activities
0915 - Christmas Tree Festival
1220 - Bookstall sales fund raising
1230 - Parish Rooms lettings
1231 - Parish Rooms - lettings -
deposit
1240 - St Peters Hall lettings
1250 - Magazine receipts
advertising
1260 - Magazine receipts sales
Total|**Unrestricted**
**Designated**
**Restricted**
**2021**
**2020**
45,268
—
360
45,628
41,558
2,182
—
—
2,182
1,267
5,450
—
—
5,450
1,600
120
—
—
120
73
201
—
—
201
56
5,430
100
1,007
6,537
12,529
14,759
—
—
14,759
13,440
310
273
—
583
—
21,344
—
—
21,344
—
—
—
7,500
7,500
7,900
—
1,176
—
1,176
3,233
1,014
—
—
1,014
(580)| |---|---| ||96,081
1,549
8,867
106,498
81,078
21,489
—
—
21,489
19,178| ||21,489
—
—
21,489
19,178
652
—
—
652
678
2,420
—
—
2,420
—
340
—
—
340
491
7,459
—
—
7,459
3,680
13
—
—
13
184
5,988
—
—
5,988
3,616
8,336
—
—
8,336
8,260
3,955
—
—
3,955
3,087| ||29,166
—
—
29,166
19,998| 20 ## **Investments** |**Investments**|| |---|---| |1001 - Dividends
1020 - Bank and building society
interest
1030 - Rent from lands or buildings
Total|1,010
899
8,999
10,909
8,040
257
26
101
385
73
3
—
—
3
—| ||1,271
925
9,100
11,297
8,114| |**RECEIPTS TOTAL**|148,009
2,475
17,967
168,452
128,369| ## **PAYMENTS** |**Raising funds**
1720 - Costs of stewardship
campaign
1730 - Costs of fetes & other
events
1735 - Christmas Tree Festival
Costs
1740 - Investment management
costs
Total
**Expenditure on charitable activities**
1801 - Giving to missionary
societies
1830 - Giving - relief and
development agencies
1850 - Home mission
1870 - Secular charities
1910 - Parish share
2001 - Assistant Staff costs
2050 - Administration Salaries
2061 - Parish Rooms - Salary
2063 - Magazine - Salary
2064 - St Nicholas Church Cleaning
- Salary
2065 - St Peters Church Cleaning -
Salary
2070 - Organist Fee
2101 - Working expenses of
Ministry Team
2201 - Parish training and mission
2250 - Church Stationary
Communion Supplies
2311 - St Nicholas Church
insurance
2312 - St Nicholas Church
Maintenance
2320 - Organ / piano tuning
2322 - St Peters Church insurance
2323 - St Peter's Church
maintenance
2325 - Choir
2332 - Parish Rooms insurance|356
—
—
356
294
172
—
—
172
522
952
—
—
952
—
—
—
—
—
163| |---|---| ||1,481
—
—
1,481
980
1,210
—
—
1,210
300
1,242
—
—
1,242
—
39
69
—
109
1,190
1,580
—
—
1,580
300
67,788
—
—
67,788
85,344
3,722
—
616
4,339
2,006
3,723
—
—
3,723
3,315
2,354
—
—
2,354
1,463
1,404
—
—
1,404
1,351
103
—
2,432
2,535
2,397
250
—
—
250
217
1,441
—
—
1,441
573
123
—
—
123
346
575
—
—
575
—
812
74
—
887
634
509
—
2,486
2,996
2,897
—
168
2,754
2,923
4,795
—
—
500
500
450
594
—
—
594
574
382
—
—
382
109
—
—
—
—
110
776
—
—
776
750| 21 |2336 - Parish Rooms Maintenance
2350 - Churchyard maintenance
2352 - St Peters Hall insurance
2353 - St Peters Hall maintenance
2360 - Administration
2410 - St Nicholas Church gas
2411 - St Nicholas Church electric
2413 - St Nicholas telephone
2420 - St Peters Church electric
2421 - St Peters Church gas
2430 - Parish Rooms Electricity
2431 - Parish Rooms gas
2434 - Parish Office telephone
2443 - Vicarage telephone
2450 - St Peters Hall electricity
2451 - St Peters Hall gas
2455 - St Peters Hall water
2501 - Magazine expenses
2510 - Bookstall costs
2610 - Audit Fee
2710 - Church major repairs -
installation St N
2855 - Churchyard extension costs
2856 - Major Churchyard Repairs
Total
**Other expenditure**
2365 - Exceptional Items
Total|1,024
—
—
1,024
822
—
—
7,194
7,194
5,104
913
—
—
913
882
1,024
—
—
1,024
1,076
3,579
—
—
3,579
1,020
2,658
—
—
2,658
2,982
770
—
—
770
757
583
—
—
583
521
141
—
—
141
158
262
—
—
262
91
519
—
—
519
541
886
—
—
886
743
663
—
—
663
607
761
—
—
761
760
332
—
—
332
278
1,075
—
—
1,075
846
179
—
—
179
159
6,683
—
—
6,683
6,800
460
—
—
460
359
319
—
—
319
655
—
4,945
—
4,945
2,568
—
—
—
—
7,350
—
—
500
500
—| |---|---| ||111,474
5,259
16,484
133,218
144,216
—
—
—
—
4,165| ||—
—
—
—
4,165| |**PAYMENTS TOTAL**|112,956
5,259
16,484
134,700
149,362| ||| |**GRAND TOTAL**|35,052
(2,783)
1,483
33,751
(20,992)| 22 ## **Fund movement by type 2022** ||**Opening**
**Incoming**
**Outgoing**
**Transfers**
**Gain/Loss**
**Closing**| |---|---| |**CarPark - Car Park Fund**
Designated
**Sub-total for CarPark**
**General - General fund**
Unrestricted
**Sub-total for General**
**IDSFund - IDS Decoration Accou**
Restricted
**Sub-total for IDSFund**
**Quinquenni - St Nicholas & St Pet**
Restricted
**Sub-total for Quinquenni**
**HFabric - Church Fabric Fund**
Restricted
**Sub-total for HFabric**
**SetAside - Churchyard Set Aside**
Restricted
**Sub-total for SetAside**
**Projects - Forthcoming Projects**
Designated
**Sub-total for Projects**
**Organ - Organ Fund**
Restricted
**Sub-total for Organ**
**NextGen - St Nicholas - Next G**
Designated
**Sub-total for NextGen**
**Grand total**|30,535
—
—
—
1,875
32,410| ||**30,535**
**—**
**—**
**—**
**1,875**
**32,410**
375,329
148,009
112,956
(2,430)
37,479
445,430| ||**375,329**
**148,009**
**112,956**
**(2,430)**
**37,479**
**445,430**
1,869
—
—
500
—
2,369| ||**1,869**
**—**
**—**
**500**
**—**
**2,369**
—
—
—
400
—
400| ||**—**
**—**
**—**
**400**
**—**
**400**
176,533
7,647
7,673
—
(32,885)
142,428| ||**176,533**
**7,647**
**7,673**
**—**
**(32,885)**
**142,428**
144,418
9,322
8,310
—
(15,102)
130,328| ||**144,418**
**9,322**
**8,310**
**—**
**(15,102)**
**130,328**
75,349
2,475
5,114
1,530
(5,208)
69,032| ||**75,349**
**2,475**
**5,114**
**1,530**
**(5,208)**
**69,032**
1,845
998
500
—
—
2,343| ||**1,845**
**998**
**500**
**—**
**—**
**2,343**
307
—
144
—
—
163| ||**307**
**—**
**144**
**—**
**—**
**163**| ||**806,190**
**168,452**
**134,700**
**—**
**(13,842)**
**824,906**| 23 ## **Fund movement by type 2021** |**General - General fund**
Unrestricted
**Sub-total for General**
**IDSFund - IDS Decoration Accou**
Restricted
**Sub-total for IDSFund**
**Verger - Verger's Fund**
Restricted
**Sub-total for Verger**
**HFabric - Church Fabric Fund**
Restricted
**Sub-total for HFabric**
**SetAside - Churchyard Set Aside**
Restricted
**Sub-total for SetAside**
**Projects - Forthcoming Projects**
Designated
**Sub-total for Projects**
**Organ - Organ Fund**
Restricted
**Sub-total for Organ**
**NextGen - St Nicholas - Next G**
Designated
**Sub-total for NextGen**
**Vicarage - Car Park Fund**
Designated
**Sub-total for Vicarage**
**Grand total**|387,617
106,891
119,477
(1,734)
(8,644)
375,329| |---|---| ||**387,617**
**106,891**
**119,477**
**(1,734)**
**(8,644)**
**375,329**
1,407
62
—
400
—
1,869| ||**1,407**
**62**
**—**
**400**
**—**
**1,869**
327
—
661
334
—
—| ||**327**
**—**
**661**
**334**
**—**
**—**
145,036
7,076
9,543
—
34,408
176,533| ||**145,036**
**7,076**
**9,543**
**—**
**34,408**
**176,533**
129,140
9,048
13,049
—
19,278
144,418| ||**129,140**
**9,048**
**13,049**
**—**
**19,278**
**144,418**
70,769
4,567
6,179
1,000
5,193
75,349| ||**70,769**
**4,567**
**6,179**
**1,000**
**5,193**
**75,349**
1,571
724
450
—
—
1,845| ||**1,571**
**724**
**450**
**—**
**—**
**1,845**
307
—
—
—
—
307| ||**307**
**—**
**—**
**—**
**—**
**307**
27,922
—
—
—
2,613
30,535| ||**27,922**
**—**
**—**
**—**
**2,613**
**30,535**| ||**764,100**
**128,369**
**149,362**
**—**
**52,848**
**806,190**| ## **Staff Costs** ||**2022**|**2021**| |---|---|---| |||| |Wages & Salaries|£15,547|£13,839| |Social SecurityCosts|£0.00|£6.80| |Average number of Employees|6|7| During the year the PCC employed an Administrator/Magazine Editor, Verger/Churchyard Supervisor, Parish Rooms Manager, Parish Rooms Cleaner, St Nicholas Church Cleaner, St Peter’s Church Cleaner [all part-time] and no payments attracted social security costs. There were no employee benefits to key management personnel in the previous or current year. The PCC use the National Employment Savings Trust [Nest] via the Diocesan Payroll Scheme, for its pension payments there were no pension payments in 2022 or 2021. 24 ## **Trustees’ Remuneration & Expenses** Two of the trustees have been paid £10,407.36 remuneration or for their duties as a Verger and Administrator . The PCC discussed the reason for employing the two trustees and continuing as Trustees. They have both been employed for many years and it was felt that because of their years of experience in their respective roles and their years of attending St Nicholas Church that they wanted them both to continue in both roles. Any discussions about their employment are held without either of them being present No other Trustee received remuneration or any other benefits from employment with the PCC One trustee was reimbursed £123 for travel and subsistence during the year. ## **Related Parties** No other expenses were paid to any other PCC member, persons closely connected to them or related parties. Donations from related parties [PCC members] totalled £7,710 [£6,875 2021]. ## **Analysis of Transfer between Funds 2022** **----- Start of picture text -----**
Fund
Reference Debit Credit Description Fund
Type
**----- End of picture text -----**
|**Reference**|**Debit**|**Credit**|**Description**|**Fund**|**Fund**
**Type**| |---|---|---|---|---|---| |Transfer to IDS|-|500|Transfer to IDS|General|Unr| |Donation of £50 to go to Future project|||||| |fund + Gift Aid £12.50 = £62.50|-|62.5|To Future project fund|General|Unr| |Donation of £50 to go to Future project|||||| |fund + Gift Aid £12.50 = £62.50|62.5|-|Per General Fund|Projects|Des| |Transfer to Quinquennial Fund|-|400|Transfer to Quinquennial Fund|General|Unr| |Net receipt from Christmas Tree Festival|-|1,468.30|Net receipt from Christmas Tree Festival|General|Unr| |Net receipt from Christmas Tree Festival|1,468.30|-|Net receipt from Christmas Tree Festival|Projects|Des| |Transfer to IDS|500|-|Transfer to IDS|IDSFund|Res| |Transfer to Quinquennial Fund|400|-|Transfer to Quinquennial Fund|Quinquennial|Res| ## **Analysis of Transfer between Funds 2021** |**Reference**|**Debit**|**Credit**|**Description**|**Fund**|**Fund Type**| |---|---|---|---|---|---| |Donation to Training Bell|-|10,000.00|Donation to Training Bell|General|Unr| |Donation to Training Bell|10,000.00|-|Donation to Training Bell|Projects|Des| |Donation to Training Bell|-|-10,000.00|Donation to Training Bell|General|Unr| |Donation to Training Bell|-10,000.00|-|Donation to Training Bell|Projects|Des| |Donation - Training Bell|-|1,000.00|Donation - Training Bell|General|Unr| |Donation - Training Bell|1,000.00|-|Donation - Training Bell|Projects|Des| |Transfer to IDS A/C|-|400|Transfer|General|Unr| |Tfr from General to Verger to bring to nil and close down|-|334.74|Tfr to Verger fund|General|Unr| |Tfr from General to Verger to bring to nil and close down|334.74|-|Tfr from General fund|Verger|Res| |Transfer to IDS A/C|400|-|Transfer|IDSFund|Res| 25 ## **Fixed Assets** |a) Tangible Fixed
Assets|||**Freehold**
**Buildings**
**£**|**Church**
**Equipment**
**£**|**Total**
**Assets**| |---|---|---|---|---|---| ||Cost or Valuation||||| ||As at 1 Jan||366,098|0.00|380,571| ||Additions in the Year||0.00|19,517|0.00| ||Disposal in the Year||0.00|0.00|0.00| ||Revaluation||44,673|0.00|(11,483)| ||**Value at 31 Dec**||**410,771**|**19,517**|**366,098**| ||||||| ||Depreciation||||| ||As at 1 Jan||0.00|0.00|0.00| ||Charge for the Year||0.00|0.00|2,990| ||Disposals||0.00|0.00|0.00| ||**Value at 31 Dec**||**0.00**|**0.00**|**2,990**| ||||||| ||||||| ||Net Book Value at 1 Jan 2021||366,098|0.00|380,581| ||**Net Book Value at 31 Dec 2021**||**410,771**|**19,517**|**430,288**| Churchyard – 2021 £51,284 - Church Lane Codsall [Valued as Agricultural land] – Land Index 2022 14% rise - £59,079 Parish Rooms – 2021 £244,279 - Church Road Codsall WV8 1EH [Valued via Nationwide Index] - £259,282 St Peter’s Hall – 2021 £40,000 Valued as 10 x Income received – 2022 Income £5,988 [rounded up to the nearest £500] £6,000 x 10 = £60,000 St Nicholas Car Park – 2021 £30,535 - Church Road Codsall WV8 1EH [Valued via Nationwide Index] - £32,410 See the note in the Fixed Asset note in Accounting policies ## b) Fixed Asset Investments ||**At 1 Jan**
**£**|**Additions**
**£**|**Disposals**
**£**|**Transfers**
**£**|**Change in**
**Market Value**
**£**|**At 31 Dec**
**£**| |---|---|---|---|---|---|---| |Unrestricted funds||||||| |Investments|77,540|0.00|0.00|0.00|(10,527)|67,014| |||||||| |Restricted Funds||||||| |Investments|386,701|0.00|(15,000)|0.00|(46,989)|324,711| |||||||| |**Total**|**464,241**|**0.00**|**(15,000)**|**0.00**|**(57,516)**|**391,725**| CCLA 620010001L – Forthcoming Projects Fund [Designated] - £31,908 [£37,117 2021] CCLA 620010001M – Churchyard Set Aside [Restricted] - £68,673 [£77,684 2021] CCLA 620010001P – Church Fabric fund [Restricted] - £44,545 [£50,465 2021] CCLA 620010001X – Church Fabric fund [Restricted] - £8,160 [£28,221 2021] CCLA 620010002L – General fund [Unrestricted] - £21,272 [£24,744 2021] CCLA 620010002S – Church Fabric fund [Restricted] £123,189 [£139,624 2021] CCLA 620010003L – Church Fabric fund [Restricted] - £33,494 [£38,961 2021] CCLA 620010003S – General fund [Unrestricted] - £13,834 [£15,679 2021] CCLA 620010004S – Churchyard Set Aside [Restricted] £45,651 [£51,741 2021] 26 ## **Liabilities due within one year** ||2022
£|2021
£| |---|---|---| |LDBF loan due < 1year|10,915|10,915| |Agency|534|3,662| |**Total**|**10,915**|**10,915**| ## **Liabilities due after one year** ||2022
£|2021
£| |---|---|---| |LDBF loan due 2 – 5years|62,222|73,137| |||| |**Total**|**62,222**|**73,137**| ## **Summary of Assets by Fund 2022** ||**Unrestricted**|**Restricted**|**Total 2022**|**Total 2021**| |---|---|---|---|---| |**Unrestricted**||||| |General fund|445,430|—|445,430|375,329| |**Designated**||||| |Car Park Fund|32,410|—|32,410|30,535| |Forthcoming Projects Fund|69,032|—|69,032|75,349| |St Nicholas - Next Generation|163|—|163|307| |**Restricted**||||| |Church Fabric Fund|—|142,428|142,428|176,533| |Churchyard Set Aside|—|130,328|130,328|144,418| |IDS Decoration Account|—|2,369|2,369|1,869| |Organ Fund|—|2,343|2,343|1,845| |St Nicholas & St Peters Quinquennial Fund|—|400|400|—| |**Total**|**547,035**|**277,870**|**824,906**|**806,190**| |**Summary of Assets by Fund 2021**||||| ||**Unrestricted**|**Restricted**|**Total 2021**|**Total 2020**| |**Unrestricted**||||| |General fund|375,329|—|375,329|387,617| |**Designated**||||| |Car Park Fund|30,535|—|30,535|27,922| |Forthcoming Projects Fund|75,349|—|75,349|70,769| |St Nicholas - Next Generation|307|—|307|307| |**Restricted**||||| |Church Fabric Fund|—|176,533|176,533|145,036| |Churchyard Set Aside|—|144,418|144,418|129,140| |IDS Decoration Account|—|1,869|1,869|1,407| |Organ Fund|—|1,845|1,845|1,571| |Verger's Fund|—|—|—|327| |**Total**|**481,520**|**324,665**|**806,185**|**764,096**| 27 ## **SOFA – Receipts & Payments Comparatives [Previous Year 2021]** ## **Receipts and Payments Account 2021** |**Receipts and endowments from:**
Donations and legacies
Receipts from charitable activities
Other trading activities
Investments
**Total receipts**
**Payments on:**
Raising funds
Payments on charitable activities
Other payments
**Total payments**
**Net receipts / (payments) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains on revaluation, fixed assets, charity's own
use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|**Unrestricted**
**Restricted**
**Total**
**Prior Year**
70,863
10,215
81,078
98,075
19,362
—
19,362
17,022
19,813
—
19,813
16,971
1,418
6,696
8,114
52,638| |---|---| ||**111,458**
**16,911**
**128,369**
**184,707**
816
163
980
1.683
120,676
23,540
144,216
177,139
4,165
—
4,165
4,872| ||**125,657**
**23,704**
**149,362**
**183,694**| ||**(14,199)**
**(6,793)**
**(20,992)**
**1,013**
1,659
734
2,394
250
(2,394)
—
(2,394)
(250)
9,839
53,242
63,082
8,263| ||**(5,094)**
**47,184**
**42,089**
**9,276**| ||**486,616**
**277,483**
**764,100**
**729,862**| ||**481,522**
**324,667**
**806,190**
**764,100**| 28