2024-12-31-accounts

nicholas

& 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 2024

CHARITY NUMBER 1130892

The Parochial Church Council of The Parish of Codsall Trustees’ Annual Report for the year ended 31[st] December 2024

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

CHURCHWARDEN’S REPORT FOR 2024

St. Nicholas Church Codsall & St. Peter’s Codsall Wood

We are happy to report that the established pattern of services continues in both churches.

Our live streaming of the services on YouTube means that those who feel vulnerable or are 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 had no serious issues.

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 assists Helen.

2

Churchyard

A churchyard tidy up was completed in May 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 arduous task.

A number of new benches have been installed in the churchyard, our thanks to those who generously donated towards them.

Rewilding areas have been created.

Parish Rooms

The committee meets when required. We have an excellent manager. Our thanks to Sarah Daybell, for her sterling work and being a friendly face to all who use the facilities.

We have had Hive fitted to enable a more efficient heating programme.

St. Nicholas’ Church

The fire extinguisher inspections were carried out in November and replaced where necessary. Annual heating service was completed.

Rewiring of sockets and our pendant lights has continued to be be refurbished.

St. Peter’s Church & Hall

Church

Gutters have been cleaned

Repaired a broken underground rainwater drainage pipe at the eastern end of the church. Church gate repainted Inspection of the ironwork in the church bell headstock.

Hall

Floor varnished 2 ceiling panels replaced & redecorated Replaced broken kitchen strip light with LED unit

Removed the illegal & unsafe overhead electricity power supply and replaced with new underground supply. Replaced rotted windowsills with hardwood Repair of a water leak in the kitchen resulting in Plumbing repairs including stopcock Replaced water damaged floorboards Replaced 2 water damaged kitchen units Replaced sink & mixer taps Redecoration of the kitchen Replaced one fire alarm, one fire extinguisher and one fire exit sign

Thank you to Tim West who has carried out most of the repairs at great cost saving. And to David Carver for assisting with the remedial work at St. Peter’s Church & Hall.

3

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 and Rev. Jon Pedley who was priested in June. 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 creating of a Children’s Area, ECO church, Shaping for Mission and Communication including setting up a new website.

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.

Bird boxes and feeders have been put around the churchyard. We gained the ECO bronze award.

Services at St. Nicholas’ & St. Peter’s

We continue with an established pattern of worship in both of our churches. A team of welcomers welcome our visitors. More volunteers are 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

We have reintroduced the common cup and also offer communion by 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. Rev. Marg continued with the themes of the Lent giveaway (307 kgs), Meals on Wheels for Harvest in September and the Reverse Advent Calendar (294kg). 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.

4

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 15[th] . This was also streamed live on YouTube. Mulled wine was served after the service.

St. Peter’s Carol Service was on December 22nd, 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 yet again 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

We held our 8[th] Christmas Tree Festival from 6[th] – 8[th] December.. 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 Magazine 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.

Notable events of 2024

February 4[th] – Christingle (Rev. Marg dressed as a Christingle) March 10[th] - Mothering Sunday (poses & buttonholes distributed) March 20[th] – Arts Festival Quartet March 23[rd] – Lent Giveaway food Collection (307kgs) March 28[th] – Maundy Thursday – Washing of hands & feet. March 29[th] – Good Friday - 11am Open Air Service in the Village 2pm – Prayers at The Tomb March 31[st] – Easter Sunday 6am – Dawn Service 10am - Easter Communion followed by an Easter Egg Hunt (Rev. Jon dressed as a chicken & egg) April – Refurbishment of Rear Vestry April 22[nd] – 25[th] - Clergy Conference at Swanwick April 27[th] – Wedding Preparation morning April/May – Ongoing electrical work including refurbishment of pendant lighting. May 1[st] – Rev Marg licensed as acting Rural Dean May 11[th] – Plant Sale May 18[th] – Churchyard Maintenance May 25[th] – Car Park Maintenance June 3[rd] – Archdeacon’s Visitation @ Brewood June 9[th] – Parish Council Civic Service – Meg Barrow Chairman June 14[th] /15[th] – Clock repairs June 16[th] – Father’s Day paper globes distributed (you are the World to me) June 22[nd] – Rev. Jon’s priesting St. Peter’s Wolverhampton June 23[rd] – Rev. Jon’s first Celebrating of Communion followed by celebration lunch July 17[th] – St. Nicholas’ School Leavers Service in church August 5[th] – Children’s Area created August 7[th] – First Compline service at St. Peter’s September 1[st] – Reintroduction of the Common Cup September 7[th] – David Carver- Licensed as Lay Reader Jackie Morgans -Presentation of certificate for 25years as a Lay Reader September 8[th] – Celebration Lunch for David & Jackie

5

September 24[th] – St. Nicholas’ School Harvest Service in church September 28[th] – Meals on Wheels food collection September 29[th] – Harvest festival October 5[th] – Pie & Peas Harvest Supper at St. Peter’s Codsall Wood November 3[rd] – Memorial Service November 10[th] – Remembrance Sunday November 18[th] – Churchyard Consecration by Bishop Tim(Wolverhampton Area Bishop) December 6[th] – 8[th] – Christmas Tree Festival December 14[th] – Reverse advent Calendar (294kg) December 15[th] – Carol Service St. Nicholas’ led by the Readers December 17[th] – St Nicholas 1[st] School Christmas services December 22[nd] – Carol Service St. Peter’s December 24[th] – Crib Services 3pm & 5pm. Midnight Service 11pm December 25[th] – Christmas Communion

Our thanks to

Rev’d. Marg for producing and leading us in creative and inspirational worship Rev’d Jon The Ministry team 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, Nicholas, Henry & Annie, Rev. Viv Hatton.

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. Tracey Carver, Alison Harrison & volunteers – Plant sale & Cark Park maintenance Our prayers go out to you all. God Bless

Annie Fletcher

6

Finance Report

The Parish has paid it’s £69,144 Common Fund in full for 2024. 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.)

The only significant project we have undertaken this year was the refurbishment of the children’s corner in St Nicholas Church at a cost of £780. An additional extraordinary expense was incurred by St Peter’s Hall. It needed several repairs which totalled just over £2,600. (This could have been considerably higher but for the extra time and effort put in by Tim West.) Being a wooden building donated 2[nd] hand after World War II it is a testament to all those who have been custodians of the building since then, that it has survived in such good condition. The increase in the utility charges was made to look even worse due to British Gas invoicing 6 months of gas supplied to St Nicholas church from mid-2023 in February. This inflated this year’s bill by over £2,000. The anticipated increase in utility bills has been tempered slightly by installing remote controls to the heating of both St Nicholas and the Parish Rooms and the St Nicholas floodlighting.

Fees, which is one of our main sources of income, remains subdued as it was last year, as weddings numbers continue to be low. This can be expected to be the regular level of income from this source for the future.

Magazin e Income Costs Profit/Loss Parish Rooms Income Costs Profit/Loss St Peter's Hall Income Costs Profit/Loss Fund Raising Income Costs Profit/Loss		Unrestricte d Funds 10,056 -10,824 -768 10,556 -8,919 1,637 7,252 -7,221 31 5,524 -1809 3,715		Restricte d Funds 0 0 0 0 0 0 0		Total Funds 2023 11,414 -9,380 2,034 10,384 -8,486 1,898 6,157 -4,267 1,890 1,603 -1226 377		2024 10,056 -10,824
								-768
								10,556 -8,919
								1,637
								7,252 -7,221
								31
								5,524 -1809
								3,715

The magazine has increased its advertising and distribution price for the first time in some 10 years. The advertising rate was increase by 10% from July and the delivered price has been increased from January 2025. St Peter’s Hall needed a lot of work to keep it in good order, but this should not need to be repeated for a few years. The significant increase in Fund raising was largely thanks to the Christmas Tree Festival.

As a parish our charitable giving has amounted to just over £15,000. (That figure includes the mutual support of £11,524 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. We aim to give 3.5% of our General Income receipts to a number of international, national and local charities. This year the recipients were DEC Humanitarian Gaza Appeal, The Royal British Legion, Midland Air Ambulance The Good Shepherd - Wolverhampton, South Staffs First Responders, Compton Care and The Go To Place.

7

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 £32,415 [£32,225 2023]. 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 £xx [£95,280 2023] General Fund £69,076 [£75,488 2023] Designated funds Total £21,253 [£19,792 2023] 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

8

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.

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 2024. [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 2024 [and 2023] and Mrs Jevons has been employed as an Administrator in 2024 [and 2023]. 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 12 related parties during the year totalled £8,065 [£8,080 2023]. All of these donations were received without conditions.

Remuneration paid to Trustees

Two of the trustees have been paid £12,339 [£11,500 2023] 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 2023.

9

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

10

PCC Members: Who Served from 1 January 2024 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
Miss B Davis
Mrs H Edwards		Term ended March 2024
Mr J Marsh
Miss B O'Connor
Mrs M Spencer
Mrs J Symonds
Mrs H Walker
Mr T West
Mrs A Jevons	Co-opted/Secretary

11

Approved by the PCC 27.03.2025 and signed on its behalf by:

M. Mattocks A M Jevons

12

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 2024 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 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: …XX/XX/2024………………………………

Lichfield Diocesan Board of Finance

St Mary’s House, The Close, Lichfield WS13 7LD

13

The Parish of Central Wolverhampton

Notes to the Financial Statements

For the year ended 31[st] December 2024

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 is 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.

14

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.

An explanation of purpose of each Restricted fund is 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

• PR Fund – A bequest for the Parish Rooms

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.

15

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.

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.

16

The Parish of Codsall year ending 2024

Receipts and Payments Account 2024

	Unrestricted funds Designated funds Restricted funds Endowment funds 2024 2023
Receipts Donations and legacies Income from charitable activities Other trading activities Investments Other income Total income Payments Raising funds Expenditure on charitable activities Other expenditure Total expenditure Net income / (expenditure) 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 Reconciliation of funds Total funds brought forward Total funds carried forward	66,076 - 14,061 - 80,137 78,841 21,294 - 626 - 21,920 20,526 33,112 - - - 33,112 29,329 1,789 637 8,858 - 11,284 10,972 - - - - - -
	122,272 637 23,545 - 146,454 139,668 1,782 - - - 1,782 900 127,880 9,067 21,190 - 158,136 151,984 - - - - - 198
	129,662 9,067 21,190 - 159,918 153,081
	(7,390) (8,429) 2,355 - (13,464) (13,413) - - 900 - 900 1,358 (900) - - - (900) (1,358) 1,876 1,580 13,491 - 16,947 39,168 24,769 1,487 (3,258) - 22,998 (2,767)
	18,355 (5,362) 13,487 - 26,481 22,988
	456,196 92,825 298,873 - 847,895 824,907
	474,551 87,463 312,360 - 874,375 847,895

17

The Parish of Codsall year ending 2024

Statement of assets and liabilities 2024

Class and nominal code	General Designated Restricted Endowment 2024 2023
Fixed Asset - Investments CB3027899: CCLA - Forthcoming Projects Fund - 26,828 - - 26,828 25,248 CB3027900: CCLA - Set aside fund - - 88,160 - 88,160 81,018 CB3027901: CCLA - Church Fabric fund - - 42,043 - 42,043 41,811 CB3027902: CCLA - Investment Closed - - - - - 9,029 CB3027903: CCLA - General fund 25,973 - - - 25,973 24,443 CB3027904: CCLA - Fabric fund - - 127,770 - 127,770 134,779 CB3027906: CCLA - Fabric fund 2 - - 30,729 - 30,729 38,486 CB3027907: CCLA - General fund 2 15,482 - - - 15,482 15,135 CB3027908: CCLA - Churchyard Set Aside - - 51,089 - 51,089 49,946 Total 41,454 26,828 339,790 - 408,073 419,894 Fixed Asset - Tangible Assets 6431: Churchyard 66,676 - - - 66,676 63,805 6437: Parish Rooms 263,799 - - - 263,799 251,901 6438: St Peter's Hall 75,000 - - - 75,000 65,000 6439: St Nicholas Car Park - 32,974 - - 32,974 31,487 6440: AV System 2022 - 33,236 - - 33,236 41,545 Total 405,475 66,210 - - 471,685 453,738 Current Asset - Cash At Bank And In Hand 40137413: Barclays Bank current account 2,306 4,386 13,374 - 20,066 13,331 90651206: Codsall PCC - St Nicholas Donations Account 9,608 (9,961) 1,110 - 757 10 CB3027905: CCLA - General 15,709 - - - 15,709 13,921 CB3027909 : CCLA - Set Aside - - 5,160 - 5,160 6,418 IDCODS011: Lichfield IDS account - - 3,362 - 3,362 2,737 QFCODS011 : Lichfield Quinquennial A/c - - 1,280 - 1,280 800 Total 27,622 (5,575) 24,285 - 46,333 37,217 Liability - Agency Accounts 6699: Agency collections - - 409 - 409 733 Total - - 409 - 409 733 Liability - Creditors: Amounts falling due after more than one year DLCODS011: Diocesan Loan due in 2 - 5 Years - - 40,391 - 40,391 51,307 Total - - 40,391 - 40,391 51,307 Liability - Creditors: Amounts Falling Due In One Year DLCODS11: Diocesan Loan due in 1 Year - - 10,916 - 10,916 10,916 Total - - 10,916 - 10,916 10,916 Net total assets 474,551 87,463 312,360 - 874,375 847,895	- 26,828 - - 26,828 25,248 - - 88,160 - 88,160 81,018 - - 42,043 - 42,043 41,811 - - - - - 9,029 25,973 - - - 25,973 24,443 - - 127,770 - 127,770 134,779 - - 30,729 - 30,729 38,486 15,482 - - - 15,482 15,135 - - 51,089 - 51,089 49,946
	41,454 26,828 339,790 - 408,073 419,894 66,676 - - - 66,676 63,805 263,799 - - - 263,799 251,901 75,000 - - - 75,000 65,000 - 32,974 - - 32,974 31,487 - 33,236 - - 33,236 41,545
	405,475 66,210 - - 471,685 453,738 2,306 4,386 13,374 - 20,066 13,331 9,608 (9,961) 1,110 - 757 10 15,709 - - - 15,709 13,921 - - 5,160 - 5,160 6,418 - - 3,362 - 3,362 2,737 - - 1,280 - 1,280 800
	27,622 (5,575) 24,285 - 46,333 37,217 - - 409 - 409 733
	- - 409 - 409 733 re than one year - - 40,391 - 40,391 51,307
	- - 10,916 - 10,916 10,916
	474,551 87,463 312,360 - 874,375 847,895

18

Approved by the PCC 27.03.2025 and signed on its behalf by:

M. Mattocks A M Jevons

19

The Parish of Codsall year ending 2024

Statement of assets and liabilities 2023

	General Designate d 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 92,825 298,873 847,895 824,906

20

The Parish of Codsall year ending 2024

Analysis of receipts and payments 2024

	Unrestricted Designated Restricted Endowment 2024 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 0553 - Fee Donation 0601 - Tax recoverable on Stewardship 0701 - Legacies 0801 - Recurring grants 08A1 - Non-recurring one-off grants Donations and legacies Totals Income from charitable activities 1101 - PCC - Statutory fees for Weddings and Funerals Income from charitable activities Totals Other trading activities 0910 - Social Activites 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 Other trading activities Totals Investments 1001 - Dividends 1020 - Bank and building society interest 1030 - Rent from lands or buildings Investments Totals Receipts Grand totals PAYMENTS Raising funds 1720 - Costs of stewardship campaign 1730 - Costs of fetes & other events 1735 - Christmas Tree Festival Costs Raising funds Totals	37,632 - 360 - 37,992 40,402 3,337 - - - 3,337 2,882 4,889 - - - 4,889 4,535 89 - - - 89 118 1,473 - - - 1,473 535 320 - - - 320 251 - - - - - 495 670 - 3,795 - 4,465 14,252 3,957 - 1,326 - 5,283 - 12,709 - - - 12,709 8,533 1,000 - 500 - 1,500 - - - 8,080 - 8,080 6,043 - - - - - 795
	66,076 - 14,061 - 80,137 78,841 21,294 - 626 - 21,920 20,526
	21,294 - 626 - 21,920 20,526 1,605 - - - 1,605 600 3,035 - - - 3,035 50 564 - - - 564 703 10,704 - - - 10,704 10,334 (104) - - - (104) 20 7,252 - - - 7,252 6,208 6,848 - - - 6,848 7,970 3,209 - - - 3,209 3,445
	33,112 - - - 33,112 29,329 1,037 637 8,297 - 9,972 9,637 750 - 560 - 1,310 1,335 2 - - - 2 -
	1,789 637 8,858 - 11,284 10,972
	122,272 637 23,545 - 146,454 139,668
	701 - - - 701 636 122 - - - 122 264 959 - - - 959 -
	1,782 - - - 1,782 900

21

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 2115 - Youth Work Expenses 2201 - Parish training and mission 2240 - AV running costs 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 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 2501 - Magazine expenses 2510 - Bookstall costs 2610 - Audit Fee Expenditure on charitable activities Totals Other expenditure 2365 - Exceptional Items Other expenditure Totals Payments Grand totals	- - - - - 105 600 - - - 600 500 660 - - - 660 595 2,630 - - - 2,630 3,040 69,144 - - - 69,144 67,788 1,815 - 731 - 2,545 2,564 4,420 - - - 4,420 4,119 2,877 - - - 2,877 2,600 2,061 - - - 2,061 1,548 - - 3,120 - 3,120 2,745 312 - - - 312 276 1,010 - - - 1,010 1,157 (40) - - - (40) 233 34 746 - - 780 - 50 8,309 - - 8,359 10,641 26 - - - 26 - 1,133 - - - 1,133 852 570 - 2,782 - 3,352 3,187 - 11 1,208 - 1,219 4,871 - - - - - 1,255 602 - - - 602 597 104 - - - 104 995 171 - - - 171 - 787 - - - 787 781 975 - 320 - 1,295 2,573 - - - - - 358 - - 13,030 - 13,030 13,066 926 - - - 926 919 3,118 - - - 3,118 1,548 2,962 - - - 2,962 3,401 8,245 - - - 8,245 2,387 2,248 - - - 2,248 1,490 687 - - - 687 673 276 - - - 276 204 1,044 - - - 1,044 284 1,289 - - - 1,289 854 2,670 - - - 2,670 1,678 837 - - - 837 767 899 - - - 899 814 930 - - - 930 414 1,970 - - - 1,970 1,143 277 - - - 277 244 8,764 - - - 8,764 7,833 614 - - - 614 502 182 - - - 182 385
	127,880 9,067 21,190 - 158,136 151,984 - - - - - 198
	- - - - - 198
	129,662 9,067 21,190 - 159,918 153,081

22

The Parish of Codsall year ending 2024

Fund movement by type 2024

Fund	Opening Incoming Outgoing Transfers Gains/Losses Journals Closing
CarPark Designated Sub-totals General Unrestricted Sub-totals IDSFund Restricted Sub-totals PR Fund Restricted Sub-totals Quinquennial Restricted Sub-totals HFabric Restricted Sub-totals SetAside Restricted Sub-totals Projects Designated Sub-totals Organ Restricted Sub-totals NextGen Designated Sub-totals None Restricted Sub-totals	31,487 - - - 1,487 - 32,974
	31,487 - - - 1,487 - 32,974 456,196 122,272 129,662 (900) 26,645 (69,144) 405,407
	456,196 122,272 129,662 (900) 26,645 (69,144) 405,407 2,737 125 - 500 - - 3,362
	2,737 125 - 500 - - 3,362 - 500 320 - - - 180
	- 500 320 - - - 180 800 80 - 400 - - 1,280
	800 80 - 400 - - 1,280 151,989 6,911 7,109 - 5,205 - 156,996
	151,989 6,911 7,109 - 5,205 - 156,996 141,138 13,977 13,761 - 8,286 - 149,640
	141,138 13,977 13,761 - 8,286 - 149,640 61,175 637 8,903 - 1,580 - 54,489
	61,175 637 8,903 - 1,580 - 54,489 2,209 1,221 - - - - 3,430
	2,209 1,221 - - - - 3,430 163 - 163 - - - -
	163 - 163 - - - - - 731 - - - - 731
	- 731 - - - - 731
Totals	847,895 146,454 159,918 - 43,203 (69,144) 808,490

23

The Parish of Codsall year ending 2024

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 — 40,589 847,895

24

The Parish of Codsall year ending 2024

Staff Costs

	2024	2023
Wages & Salaries	£18,649	£17,121
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. Verger fees from Weddings and Funerals are posted as a credit against code 2001

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 2024 or 2023

Trustees’ Remuneration & Expenses

Two of the trustees have been paid £12,339 [£11,500 2023] 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 2023.

Related Parties

No other expenses were paid to any other PCC member, persons closely connected to them or related parties

Donations from 12 related parties [PCC members] totalled £8,065 [£8,080 2023]

Fees for the examination of the accounts

	2024	2023 £
Independent Examiner’s fees	150	150
Other fees - Bookkeeping	690	550
Total	840	700

25

Analysis of Transfer between Funds 2024

Analysis of Transfer between Funds 2023

26

Fixed Assets

a) Tangible Fixed Assets

		Freehold Buildings £	Church Equipment £	Total Assets £
Cost or Valuation
As at 1 Jan		412,193	51,931	453,738
Additions in the Year		0.00	0.00	0.00
Disposal in the Year		0.00	0.00	0.00
Revaluation		26,256	0.00	26,256
Value at 31 Dec		438,449	51,931	490,380
Depreciation
As at 1 Jan		0.00	10,386	10,386
Charge for the Year		0.00	8,309	8,309
Disposals		0.00	0.00	0.00
Value at 31 Dec		0.00	18,695	18,695
Net Book Value at 1 Jan 2024		412,193	41,545	453,738
Net Book Value at 31 Dec 2024		438,449	33,236	471,685

Churchyard – £66,676 2024 [£63,805 2023) - Church Lane Codsall [Valued as Agricultural land] – Land Index 2024 4.5% rise

Parish Rooms – £263,799 2024 [£251,901 2023] - Church Road Codsall WV8 1EH [Valued via Nationwide Index] St Peter’s Hall – £75,000 2024 [£65,000 2023] - Valued as 10 x Income received – 2024 Income £7,252 [rounded up to the nearest £500] £7,500 x 10 = £75,000

St Nicholas Car Park – £32,974 2024 [£31,487 2023] - Church Road Codsall WV8 1EH [Valued via Nationwide Index]

AV System - £33,236 2024 [£41,545 2023] – Depreciated by 20%

27

b) Fixed Asset Investments

	At 1 Jan £	Addition s £	Disposals £	Transfers £	Change in Market Value £	At 31 Dec £
Unrestricted funds
Investments	64,825	0.00	0.00	0.00	3,458	68,283
Restricted Funds
Investments	355,068	0.00	(20,000)	0.00	4,722	339,790
Total	419,893	0.00	(20,000)	0.00	8,180	408,073

CCLA CB3027899 – Forthcoming Projects Fund [Designated] - £26,828 2024 [£25,248 2023] CCLA CB3027900 – Churchyard Set Aside [Restricted] - £88160 2024 [£81,018 2023] CCLA CB3027901 – Church Fabric fund [Restricted] - £42,043 2024 [£41,811 2023] CCLA CB3027902 – Church Fabric fund [Restricted] - £nil 2024 [£9,029 2023] CCLA CB3027903 – General fund [Unrestricted] - £25,973 2024 [£24,443 2023] CCLA CB3027904 – Church Fabric fund [Restricted] - £127,770 2024 [£134,779 2023] CCLA CB3027906 – Church Fabric fund [Restricted] - £30,729 2024 [£38,486 2023] CCLA CB3027907 – General fund [Unrestricted] - £15,482 2024 [£15,135 2023] CCLA CB3027908 – Churchyard Set Aside [Restricted] - £51,089 2024 [£49,946 2023]

Liabilities due within one year

	2024 £	2023 £
LDBF loan due < 1year	10,915	10,915
Agency	733	534
Total	11,648	10,915

Liabilities due after one year

	2024 £	2023 £
LDBF loan due 2 – 5years	40,391	51,307
Total	40,391	51,307

28

Summary of Assets by Fund 2024

General (Unrestricted) Designated - CarPark Designated - NextGen Designated - Projects Restricted - HFabric Restricted - IDSFund Restricted - None Restricted - Organ Restricted - PR Fund Restricted - Quinquennial Restricted - SetAside Total	Unrestricted Designated Restricted Endowment 2024 2023 474,551 - - - 474,551 456,195 - 32,974 - - 32,974 31,487 - - - - - 163 - 54,489 - - 54,489 61,175 - - 153,737 - 153,737 151,989 - - 3,362 - 3,362 2,737 - - 731 - 731 - - - 3,429 - 3,429 2,208 - - 180 - 180 - - - 1,280 - 1,280 800 - - 149,639 - 149,639 141,138
	474,551 87,463 312,360 - 874,375 847,894

Summary of Assets by Fund 2023

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

29

SOFA – Receipts & Payments Comparatives [Previous Year 2023]

Receipts 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

30