& 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 2023** **CHARITY NUMBER 1130892** ## **The Parochial Church Council of The Parish of Codsall Trustees’ Annual Report for the year ended 31[st] December 2023** **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 Marg 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** ## **CHURCHWARDENS REPORT FOR 2022-23** ## Annie Fletcher ## **St. Nicholas Church Codsall & St. Peter’s Codsall Wood** We are happy to report that the new established pattern of services continues in both churches . Our live streaming of the services on YouTube means that those who feel vulnerable and unable to gather together can enjoy the service at home. Our social groups continue to grow with new members across all groups. ## St. Nicholas Church ## Health & Safety Jonathan Marsh our H & S officer carries out regular inspections and reports findings to the PCC. We have replaced our first aid kits. ## Safeguarding Policy It is required that members of the PCC and all those working with vulnerable children and adults complete a safeguarding course. Helen Walker, our Safeguarding officer has ensured that the PCC members have completed levels C0 & C1. New members of the PCC must complete C0 & C1 before the first meeting of the new term takes place. Raychel Findlay has completed her officer training and will assist Helen. ## Churchyard A churchyard tidy up was completed in February and another in September The ongoing problem with the amount of ‘ornaments’ being placed on plots continues. Our thanks to the team who carry out this task. 2 ## Parish Rooms The committee meet regularly noting any works that need to be carried out. Our thanks to Sarah Daybell, Parish Rooms manager, for her sterling work and being a friendly face to all who use the facilities. A new hot water boiler has been fitted .Repairs to the ladies and men’s toilet undertaken. The rooms were painted in August, our thanks to Michael Richards. Electrical work was undertaken. Annual heating service was completed. ## St. Nicholas’ Church The fire extinguisher inspections were carried out in November and replaced where necessary. Annual heating service completed. The new Audio Visual installation was started in March with the work being completed in May. The team have adapted to the new equipment. Nicholas & Henry Jevons (aged 14 & 10 respectively) have joined the team. Rewiring of sockets was updated in July and our pendant lights have been refurbished. St. Peter’s Church & Hall ## Church - Gutters have been cleaned twice. - Gas heaters have been serviced. - Fire extinguishers serviced (one replaced) - Several light bulbs changed - Crack in Chancel wall continues to be monitored – no significant movement - Smart gas meter to be installed in February 2024 ## Hall - Floor repaired & varnished - 4 ceiling panels replaced & redecorated - Central heating & water boiler serviced - Fire extinguishers serviced (one replaced) - Hot & cold taps in small kitchen sink replaced - Paper towel dispensers installed in ladies & gents toilets. - Toilet flushing mechanism replaced in ladies toilet. - 2 fluorescent light strips replaced - 1 battery operated fire alarm replaced. Thank you to Tim West & David Carver for undertaking remedial work at St. Peter’s Church & Hall ## Aims and purpose Codsall Parochial Church Council (PCC) has the responsibility of promoting the mission of our church throughout the parish under the leadership of Rev’d Marg Mattocks. Rev. Jon Pedley was licensed as curate in July. The PCC is also responsible for the maintenance of the Parish Rooms and St Peter’s Hall. The Standing Committee and the PCC met in person on four occasions. The main purpose of our meetings has been on how we continue to deliver worship and to strengthen the work of the church. Focus has been on the installation of the new AV system and the benefits that will bring in our services. Three teams have been set up to ensure the continued growth and vision of our churches. The teams are: Mission – Communication, hospitality, Generosity - to look at ways of supporting the church not just monetarily Churchyard. – this comprises of two teams, these look at memorials and any requests and the second team looks at the diversity of the churchyard and maintenance. An energy footprint form has been completed. 3 ## **Services at St. Nicholas’ & St. Peter’s** We have an established pattern of worship in both of our churches. A team of welcomers /family befrienders has been established. More volunteers always welcome. St. Nicholas’ Communion - Sunday weekly – 10am (also streamed on YouTube) Communion - Thursday – 10am on 2[nd] & 4[th] weeks Baptisms – 1[st] Sunday of the month @ 12noon & 1pm St Peter’s BCP Communion - 2[nd] & 4[th] Sundays – 8.30am Communion – 1[st] , 3[rd] 5[th] Thursdays – 10am **Although we do not share the common cup communion is distributed through intinction.** Ministry within the community ## **Private Prayer** St Nicholas’ continues to open for Private Prayer on Wednesdays 2pm – 3pm. An opportunity to reflect and pray in our lovely church building. ## **Bible study** The Monday evening Bible Study group meets in church 8pm – 9pm. It is a time to reflect on the readings for the following Sunday. ## **The Well** Weekly donations of food, toiletries, cleaning products etc. are gratefully received; Alison is our co-ordinator. Re. Marg continued with the themes of Meals on Wheels for Harvest in October (400kg), a Reverse Advent Calendar (382kg) and Lent giveaway. The response has been overwhelming each time. We thank all those that donate for their generosity. The total for the year is over three tonnes. ## **Go To Place** In conjunction with the Parish Council and other services St Nicholas’ continue to support the Warm Hub.. A place where you can have a free coffee and a light breakfast. A go to place for a chat and support. A warm and welcoming place at the heart of the community for everyone. It continues to grow and is much appreciated by all who attend. ## **Christmas Services** St Nicholas held their Carol Service on Sunday December 10[th] . This was also streamed live on YouTube. St. Peter’s Carol Service was on December 17[th] , followed by a buffet and mulled wine. Crib services were held on Christmas Eve at 3pm & 5pm. These services were streamed on our YouTube channel. These were very well attended and Rev. Marg’s interpretation of the 12days of Christmas was not to be missed. (If you did, go to YouTube and check it out) Midnight Communion & our Christmas Day services were held in church and streamed live on YouTube ## **Tree of Remembrance** Our Tree of Remembrance was once again situated outside church. It was adorned with ribbons in memory of loved ones and as thanksgivings. A second tree was situated outside the Parish Rooms. ## **Parish Magazine** The Parish Magazines continues to be delivered by numerous distributors to homes around Codsall, Codsall Wood, Oaken and Bilbrook. A number are posted to past church members now living away. We record our thanks to Roger Palmer who stepped down as advertising manager. Helen Heywood has now taken on advertising. **Notable events of 2023** January 3[rd] – Trees out, collected by Treecycling in aid of Compton Care. January 16[th] – Codsall/Bilbrook Cubs faith badge in church. February 12[th] – Twin a Toilet cake sale. March – Electrical work in preparation of AV system April 8[th] . – Lent Giveaway (500kg) April 11[th] – AV installation started. May 7[th] – Celebration of the Coronation of King Charles III May 11[th] – APCM May 21[st] – Restarted live streaming services via YouTube. May 28[th] – Pentecost celebrated with bird display June 18[th] – Father’s Day ( gentleman’s pick & mix) June 22[nd] – Archdeacons Visitation July 2[nd] - Rev. Jon Pedley ordination 4 July 3[rd] . – Rev. Jon’s first service and welcome with refreshments. July – Electrical rewiring of sockets and pendant lighting stated. August 15[th] , 16[th] , 17[th] – Generosity, Mission & Churchyard teams meet September 30[th] – Meals on Wheels (400kg) October 1[st] – Harvest festival October 17[th] - First forest Church at St Nicholas’ first school November 5[th] – Memorial Service November 12[th] – Remembrance Sunday November 19[th] – Safeguarding Sunday December 9[th] – Reverse advent Calendar (382kg) December 10[th] – Carol Service St. Nicholas’ December 17[th] – Carol Service St. Peter’s December 19[th] – St Nicholas 1[st] School Christmas services December 24[th] – Crib Services 3pm & 5pm. Midnight Service 11pm ## Our thanks to Rev’d. Marg for producing and leading us in creative and inspirational worship The Ministry team – Rev. Jon, Jackie, Jill, Serena , David & Craig. Wednesday private prayer- Jackie, Jill & Annie Our Bellringers. Our verger, Mrs Evelyn Wallin AV. Team – for live streaming the weekly services. Matt, Graham, Brigid, Brenda, Steve, Annie, Nicholas & Henry Matt Jevons – for creating the online service each week. The singing group – who came together to enhance the music at our Carol Service. Our Finance Team – Roger Marsh, Matt Jevons, Graham Street & Mrs Kim Benton finance department -Lichfield diocese Angela Jevons, for her administration work and as editor of the Parish Magazine. Brigid O’Connor & Raychel Findlay, for updating Facebook Sean Spinks, for updating the church website Maria De-Lloyde, Hazel Bristow & Helen Heywood – Magazine Team Alison Harrison – The Well (foodbank) co-ordinator Welcoming team. Jackie Hill / Julia Mc Donald- St Nicholas’ Church cleaners. Sarah Daybell- Parish Room Manager Cleaners – St. Peter’s Church & Hall All the leaders of our various church groups. Our prayers go out to you all. God Bless 5 ## **Finance Report** The Parish has paid it’s £67,788 Parish Share in full for 2023. This is our contribution to the cost of ministry in the diocese which includes our vicar’s housing, pension and salary as well as that of the curates – one of whom includes our own Rev’d Jon Pedley. The formula includes 20% support towards the more deprived parishes in the diocese. (This is because Codsall is one of the 5% least deprived parishes in the diocese.) 2023 has seen another year of high expenditure. This has been largely planned for, with around £53,500 being the cost of installation of our new audio-visual system. This has been in the planning for around 5 years and money has been largely used from our Future Projects Fund which was created for exactly this type of project. It has been a major part of our part of our long-term plan for supporting our mission into the community in addition to being a significant support to our regular services in church. The opportunity has also been taken to improve the electrical system and lighting inside St Nicholas Our Utility bills have been subjected to significant increases since July. The parish had a 3-year fixed term agreement with their energy suppliers. This has had significant repercussions in the second half of this year. The gas price increases has yet to be fully reflected as most expenditure is charged from November to May. The increase in Churchyard expenses is a one off, due to the purchase of safety equipment necessary for our gravediggers. The income for the churchyard was hit this year by the loss of a £1,900 grant which had been received for many years. We received a very generous anonymous donation of £10,000 in 2023. This has been placed into the Future Projects Fund as it has been indicated that some of this money is to be used on the youth of the parish. Fees, which is one of our main sources of income, has dropped largely due to a significant reduction in the number of weddings. A 50% reduction compared to 2022 and 80% compared to 2019. |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
2022
12,292
-8,089
4,203
7,459
-5,561
1,898
5,988
-3,526
2,462
3,616
-1585
2,031||2023
11,414
-9,380| |---|---|---|---|---|---|---|---|---| |||||||||2,034| |||||||||10,334
-8,486| |||||||||1,848| |||||||||6,207
-4,317| |||||||||1,910| |||||||||1,603
-1226| |||||||||377| As a parish our charitable giving has amounted to just over £15,500. (That figure includes the mutual support of £11,298 given towards other parishes in the diocese, as part of our Common Fund payment.) This represents around 9% of our General Fund Income for 2023. 6 ## **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 £32,225 [£33,675 2022]. 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 £95,280 General Fund £75,488 Designated funds Total £19,792 [£116,747 2022] which is higher than this target. In the uncertain economic climate, it is felt to have a health reserve is a good foundation for the future. It will allow the charity to explore different outreach if identified and also be secure of having sufficient reserves if called upon in any unforeseen circumstances. ## **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. 7 ## **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. ## **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. 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 £8,080 [£7,710 2022]. All of these donations were received without conditions. ## **Remuneration paid to Trustees** Two of the trustees have been paid £11,500 [£10,407.36 2022] remuneration or for duties as a Verger and Administrator. Both have been employed for a number of years. They both were the best candidate and it was felt that their experience would be of value serving the PCC also. Neither are present when employment is discussed. No other Trustee received remuneration or any other benefits from employment with the PCC ## **Expenses paid to Trustees** No trustees were reimbursed for travel and subsistence during the year or in 2022. 8 **Reference and Administrative Details.** |**Churches:**|St Nicholas, Codsall| |---|---| ||St Peters, Codsall Wood| |**Independent Examiner**:|Mr Jonathan Hill| ||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 Ln London EC4R 3AB| |**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| 9 **PCC Members: Who Served from 1 January 2023 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|Chairman|| |Mrs S Gilmour|Reader|| |Mrs J Gollins|Reader|| |Mrs J Morgans|Reader|| |Mrs A Fletcher|Church Warden|| |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 V Chapman||(appointed May2023)| |Miss B Davis||(appointed May2023)| |Mrs H Edwards||| |Mr J Marsh||| |Mr I Morris||(term ended May2023)| |Miss B O'Connor||| |Mr R Palmer||(term ended May2023)| |Mr C Pickering||(term ended May2023)| |Mrs S Richardson||(term ended May2023)| |Mrs M Spencer||(appointed May2023)| |Mrs J Symonds||| |Mrs H Walker||| |Mr T West||| |Mrs A Jevons|Co-opted/Secretary|| 10 Iq •> povd PCC on DO MM 20XX *•d Irs ￿.. .A7• .fl. **Independent Examiner’s report to the trustees/members of The PCC of The Parish of Codsall** Registered charity number: 1130892 I report on the accounts for the year ended 31[st] December 2023 which are set out on the following pages. ## Respective responsibilities of the Trustees and Independent Examiner The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and th at an independent examination is needed. It is my responsibility - to examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the General Directions given by the Charity Commission - (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## Basis of Independent Examiner's Statement My examination was carried out in accordance with the General Directions given 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. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair” view and the report is limited to those matters set out in the statement below. ## Independent Examiner's Statement In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect: - accounting records were not kept in accordance with section 130 of the Charities Act or - the accounts do not accord with the with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: 21/05/2024 Jonathan Hill FCMA CGMA Lichfield Diocesan Board of Finance St Mary’s House, The Close, Lichfield WS13 7LD 12 ## **The Parish of Codsall St Nicholas** ## **Notes to the Financial Statements** For the year ended 31[st] December 2023 ## **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. 13 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 depreciation rates and methods used are 20% per annum. 14 ## **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. 15 _**The Parish of Codsall year ending 2023**_ ## **Receipts and Payments Account 2023** |**eceipts and Payments Account 2023**|| |---|---| ||**Unrestricted**
**Restricted**
**2023**
**2022**| |**Receipts:**
Donations and legacies
Receipts from charitable activities
Other trading activities
Investments
**Total receipts**
**Payments:**
Raising funds
Payment 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 / 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**|71,326
7,514
78,840
106,498
20,525
—
20,525
21,489
29,329
—
29,329
29,166
2,127
8,843
10,971
11,297| ||**123,310**
**16,357**
**139,667**
**168,452**
899
—
899
1,481
127,805
24,178
151,984
133,218
197
—
197
—| ||**128,902**
**24,178**
**153,081**
**134,700**| ||**(5,592)**
**(7,821)**
**(13,413)**
**33,751**
357
1,000
1,357
2,430
(1,000)
(357)
(1,357)
(2,430)
7,811
31,356
39,167
(58,515)
407
(3,174)
(2,767)
43,479| ||**1,984**
**21,003**
**22,987**
**18,716**| ||**547,036**
**277,870**
**824,906**
**806,190**| ||**549,021**
**298,873**
**847,894**
**824,906**| 16 ## **Statement of assets and liabilities 2023** ||**General**
**Designated**
**Restricted**
**2023**
**2022**| |---|---| |**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 -
CB3027899 -
CB3027900 -
CB3027901 -
CB3027902 -
CB3027903 -
CB3027904 -
CB3027905 - General -
CB3027906 -
CB3027907 -
CB3027908 -
CCLA (CBF) 5D Church Fabric -
CB3027909 Set Aside -
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**
**Grand total**|63,805
—
—
63,805
59,079
251,901
—
—
251,901
259,282
65,000
—
—
65,000
60,000
—
31,487
—
31,487
32,410
—
41,545
—
41,545
19,517| ||**380,706**
**73,032**
**—**
**453,738**
**430,288**
12,770
4,505
(3,945)
13,331
52,901
—
25,247
—
25,247
31,908
—
—
81,018
81,018
68,673
—
—
41,810
41,810
44,544
—
—
9,028
9,028
8,160
24,442
—
—
24,442
21,272
—
—
134,778
134,778
123,188
13,921
—
—
13,921
12,490
—
—
38,486
38,486
33,494
15,135
—
—
15,135
13,833
—
—
49,945
49,945
45,650
—
—
—
—
417
—
—
6,417
6,417
7,860
9,220
(9,960)
750
10
10
—
—
2,737
2,737
2,469
—
—
800
800
400| ||**75,489**
**19,793**
**361,828**
**457,111**
**467,275**
—
—
—
—
1,014| ||**—**
**—**
**—**
**—**
**1,014**
—
—
733
733
533| ||**—**
**—**
**733**
**733**
**533**
—
—
51,306
51,306
62,222| ||**—**
**—**
**51,306**
**51,306**
**62,222**
—
—
10,915
10,915
10,915| ||**—**
**—**
**10,915**
**10,915**
**10,915**| ||**456,195**
**92,825**
**298,873**
**847,894**
**824,906**| 17 Iq •> povd PCC on DO MM 20XX *•d Irs ￿.. .A7• .fl. 18 ## **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**
**Grand total**|—
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**| ||**445,430**
**101,605**
**277,870**
**824,906**
**806,190**| 19 ## **Analysis of receipts and payments 2023** ## **RECEIPTS** ## **Donations and legacies** |0101 - Tax Efficient Giving
0201 - Other planned giving
0301 - Loose plate collections
0302 - St Peters Collections
0303 - Contactless
0410 - Giving through church
boxes
0501 - One-off Gift Aid gifts
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
**Receipts from charitable activities**
1101 - PCC - Statutory fees
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 income
advertising
1260 - Magazine income sales
Total
**Investments**
1001 - Dividends
1020 - Bank and building society
interest
1030 - Rent from lands or buildings
Total|**Unrestricted**
**Designated**
**Restricted**
**2023**
**2022**
40,042
—
360
40,402
45,628
2,882
—
—
2,882
2,182
4,534
—
—
4,534
5,450
117
—
—
117
120
535
—
—
535
—
250
—
—
250
201
495
—
—
495
—
12,732
—
1,120
14,252
6,537
8,533
—
—
8,533
14,759
—
—
—
—
583
—
—
—
—
21,344
9
—
6,034
6,043
7,500
795
—
—
795
1,176
—
—
—
—
1,014| |---|---| ||71,326
—
7,514
78,840
106,498
20,525
—
—
20,525
21,489| ||20,525
—
—
20,525
21,489
599
—
—
599
652
50
—
—
50
2,420
703
—
—
703
340
10,334
—
—
10,334
7,459
20
—
—
20
13
6,207
—
—
6,207
5,988
7,970
—
—
7,970
8,336
3,444
—
—
3,444
3,955| ||29,329
—
—
29,329
29,166
760
696
8,179
9,636
10,909
670
—
664
1,334
385
—
—
—
—
3| ||1,430
696
8,843
10,971
11,297| 20 |**RECEIPTS TOTAL**|122,613
696
16,357
139,667
168,452| |---|---| |**PAYMENTS**
**Raising funds**
1720 - Costs of stewardship
campaign
1730 - Costs of fetes & other events
1735 - Christmas Tree Festival Costs
Total
**Payments 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
2332 - Parish Rooms insurance
2336 - Parish Rooms Maintenance
2340 - Vicarage 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|**Unrestricted**
**Designated**
**Restricted**
**2023**
**2022**
635
—
—
635
356
263
—
—
263
172
—
—
—
—
952| ||899
—
—
899
1,481
104
—
—
104
1,210
500
—
—
500
1,242
594
—
—
594
109
3,040
—
—
3,040
1,580
67,788
—
—
67,788
67,788
1,882
—
680
2,563
4,339
4,118
—
—
4,118
3,723
2,600
—
—
2,600
2,354
1,547
—
—
1,547
1,404
—
—
2,745
2,745
2,535
276
—
—
276
250
1,157
—
—
1,157
1,441
232
—
—
232
123
255
10,386
—
10,641
575
852
—
—
852
887
541
—
2,644
3,186
2,996
79
1,003
3,787
4,870
2,923
—
—
1,255
1,255
500
597
—
—
597
594
995
—
—
995
382
780
—
—
780
776
2,069
503
—
2,573
1,024
357
—
—
357
—
—
—
13,065
13,065
7,194
918
—
—
918
913
1,548
—
—
1,548
1,024
3,400
—
—
3,400
3,579
2,386
—
—
2,386
2,658
1,490
—
—
1,490
770
673
—
—
673
583
204
—
—
204
141
283
—
—
283
262
853
—
—
853
519
1,678
—
—
1,678
886
767
—
—
767
663
814
—
—
814
761
413
—
—
413
332
1,142
—
—
1,142
1,075
243
—
—
243
179| 21 |2501 - Magazine expenses
2510 - Bookstall costs
2610 - Audit Fee
2710 - Church major repairs -
installation St N
2856 - Major Churchyard Repairs
Total
**Other payments**
2365 - Exceptional Items
Total|7,832
—
—
7,832
6,683
501
—
—
501
460
385
—
—
385
319
—
—
—
—
4,945
—
—
—
—
500| |---|---| ||115,911
11,894
24,178
151,984
133,218
197
—
—
197
—| ||197
—
—
197
—| |**PAYMENTS TOTAL**|117,008
11,894
24,178
153,081
134,700| ||| |**GRAND TOTAL**|5,604
(11,197)
(7,821)
(13,413)
33,751| 22 ## **Fund movement by type 2023** ||**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**|32,410
—
—
—
(923)
31,487| ||**32,410**
**—**
**—**
**—**
**(923)**
**31,487**
445,430
122,613
117,008
(642)
6,816
456,195| ||**445,430**
**122,613**
**117,008**
**(642)**
**6,816**
**456,195**
2,369
125
—
242
—
2,737| ||**2,369**
**125**
**—**
**242**
**—**
**2,737**
400
—
—
400
—
800| ||**400**
**—**
**—**
**400**
**—**
**800**
142,428
7,195
9,177
—
14,716
151,989| ||**142,428**
**7,195**
**9,177**
**—**
**14,716**
**151,989**
130,328
7,917
13,746
—
16,639
141,138| ||**130,328**
**7,917**
**13,746**
**—**
**16,639**
**141,138**
69,032
696
11,894
—
3,339
61,175| ||**69,032**
**696**
**11,894**
**—**
**3,339**
**61,175**
2,343
1,120
1,255
—
—
2,208| ||**2,343**
**1,120**
**1,255**
**—**
**—**
**2,208**
163
—
—
—
—
163| ||**163**
**—**
**—**
**—**
**—**
**163**| ||**824,906**
**139,667**
**153,081**
**—**
**40,589**
**847,894**| 23 ## **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**| 24 ## **Staff Costs** ||**2023**|**2022**| |---|---|---| |||| |Wages & Salaries|£17,121|£15,547| |Social SecurityCosts|£0.00|£0.00| |Average number of
Employees|6|6| 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 2023 or 2022 ## **Trustees’ Remuneration & Expenses** Two of the trustees have been paid ££11,500 [£10,407.36 2022] remuneration or for their duties as a Verger and Administrator. They both were the best candidate, and it was felt that their experience would be of value serving the PCC also. Neither are present when employment is discussed. No other Trustee received remuneration or any other benefits from employment with the PCC No trustees were reimbursed for travel and subsistence during the year or 2022. ## **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 £8,080 [£7,710 2022]. ## **Analysis of Transfer between Funds 2023** ||**Reference**||**Debit**|**Credit**|**Description**|**Fund**|**Fund Type**| |---|---|---|---|---|---|---|---| |Transfer||-||500|Transfer|General|Unr| |Transfer||-||400|Transfer|General|Unr| |Refund from IDS a/c||357.6||-|Refund from IDS a/c|General|Unr| |Transfer||500||-|Transfer|IDSFund|Res| |Transfer||100||-||IDSFund|Res| |Transfer||-||100|Transfer between funds|General|Unr| |Refund from IDS a/c||-||357.6|Refund from IDS a/c|IDSFund|Res| |Transfer||400||-|Transfer|Quinquennial|Res| 25 ## **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| ## **Fixed Assets** a) Tangible Fixed Assets |||**Freehold**
**Buildings**
**£**|**Church**
**Equipment**
**£**|**Total**
**Assets**| |---|---|---|---|---| |Cost or Valuation||||| |As at 1 Jan||410,771|19,517|430,288| |Additions in the Year||0.00|32,414|32,414| |Disposal in the Year||0.00|0.00|0.00| |Revaluation||1,422|0.00|1,422| |**Value at 31 Dec**||**412,193**|**51,931**|**464,124**| |||||| |Depreciation||||| |As at 1 Jan||0.00|51,931|51,931| |Charge for the Year||0.00|10,386|10,386| |Disposals||0.00|0.00|0.00| |**Value at 31 Dec**||**0.00**|**41,545**|**41,545**| |||||| |||||| |Net Book Value at 1 Jan 2023||410,771|19,517|430,288| |**Net Book Value at 31 Dec 2023**||**412,193**|**41,545**|**453,738**| Churchyard – £63,805 [£59,079 2022] - Church Lane Codsall [Valued as Agricultural land] – Land Index 2023 8% rise Parish Rooms – £251,901 [£259,282 2022] - Church Road Codsall WV8 1EH [Valued via Nationwide Index] St Peter’s Hall – 2023 £62,080 [2022 £60,000] - Valued as 10 x Income received – 2023 Income £6,207.75 [rounded up to the nearest £500] £6,500 x 10 = £65,000 St Nicholas Car Park – £31,487 [2022 £32,410] - Church Road Codsall WV8 1EH [Valued via Nationwide Index] AV System - £41,545 [2022 £19,517 – purchased further system £32,414 and total depreciated by 20% £10,386] 26 ## b) Fixed Asset Investments ||**At 1 Jan**
**£**|**Additions**
**£**|**Disposals**
**£**|**Transfers**
**£**|**Change in**
**Market Value**
**£**|**At 31 Dec**
**£**| |---|---|---|---|---|---|---| |Unrestricted funds||||||| |Investments|67,014|0.00|(10,000)|0.00|7,811|64,825| |||||||| |Restricted Funds||||||| |Investments|323,712|0.00|0.00|0.00|31,356|355,068| |||||||| |**Total**|**390,725**|**0.00**|**(10,000)**|0.00|**39,167**|**419,893**| CCLA CB3027899 – Forthcoming Projects Fund [Designated] - £25,248 [£31,908 2022] CCLA CB3027900 – Churchyard Set Aside [Restricted] - £81,018 [£68,673 2022] CCLA CB3027901 – Church Fabric fund [Restricted] - £41,810 [£44,545 2022] CCLA CB3027902 – Church Fabric fund [Restricted] - £9,029 [£8,160 2022] CCLA CB3027903 – General fund [Unrestricted] - £24,443 [£21,272 2022] CCLA CB3027904 – Church Fabric fund [Restricted] - £134,779 [£123,189 2022] CCLA CB3027906 – Church Fabric fund [Restricted] - £38,486 [£33,494 2022] CCLA CB3027907 – General fund [Unrestricted] - £15,135 [£13,834 2022] CCLA CB3027908 – Churchyard Set Aside [Restricted] £49,946 [£45,651 2022] ## **Liabilities due within one year** ||2023
£|2022
£| |---|---|---| |LDBF loan due < 1year|10,915|10,915| |Agency|733|534| |**Total**|**11,648**|**10,915**| ## **Liabilities due after one year** ||2023
£|2022
£| |---|---|---| |LDBF loan due 2 – 5years|51,307|62,222| |||| |**Total**|**51,307**|**62,222**| 27 ## **Summary of Assets by Fund 2023** ||**Unrestricted**|**Restricted**|**2023**|**2022**| |---|---|---|---|---| |**Unrestricted**||||| |General fund|456,195|—|456,195|445,430| |**Designated**||||| |Car Park Fund|31,487|—|31,487|32,410| |Forthcoming Projects Fund|61,175|—|61,175|69,032| |St Nicholas - Next Generation|163|—|163|163| |**Restricted**||||| |Church Fabric Fund|—|151,989|151,989|142,428| |Churchyard Set Aside|—|141,138|141,138|130,328| |IDS Decoration Account|—|2,737|2,737|2,369| |Organ Fund|—|2,208|2,208|2,343| |St Nicholas & St Peters Quinquennial Fund|—|800|800|400| |**Total**|**549,020**|**298,872**|**847,892**|**824,903**| |**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**| 28 ## **SOFA – Receipts & Payments Comparatives [Previous Year 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**| 29