## 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.
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## **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.
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## **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.
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## **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
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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**_
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## **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.
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## **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
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## **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.
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**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|
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**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||
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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
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## **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.
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**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**
**Genera**l
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