Annual Report and Financial Statements of the Parochial Church Council of Penkridge with Stretton For the year ended 31" December 2022 Charity registmtion number.. 1131086
DIOCESE OF LICHFIELD The Parochial Church Council of Penkridge with Stretton Trustees, Annual Report for the year ended 31st December 2022 Charity registration number 1131086 Objectives and Activities The Parochial Church Council of Penkridge (the PCC) has the responsibility of co-operating with the incumbent, the Reverend Greg Yerbury, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelical, social and ecumenical. The PCC is also spiritually responsible for the maintenance of the church. 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 Penkridge 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 seNices and worship put faith into practice through prayer, scripture, music and sacrament. Also, through non sacramental activities of hospitality and fellowship we aim to reach non churched members of the community. Public Benefit The trustees of the PCC 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 Penkridge 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 Worship and Prayer During 2022 the pattern of the regular worship resumed to something similar to the pattern of worship pre-pandemic some of the minor services have changed ie the 8am communion on a Sunday is now monthly. Attendance at St Michael's during the first half of the year was an average of about 50 but as the year went on numbers noticeably increased and at the close of the year attendance on average was nearer 65. Numbers of Stretton have stayed at a low number of around a 7 although when the choir re-started singing at Evensong numbers drifted upwards to about 20.
Levedale mission numbers have fluctuated between 6 and 12. The annual Harvest service at Levedale was a success but smaller than the pre-pandemic years Mission and Outreach Some of the activities that the PCC carried out pre-pandemic have not restarted but the Drop In has restarted in the church. Open Church and Saturday morning coffee. the Men's Group and Leisufely Ladies have very active during 2022. Angelic Gardeners has continued to meet. The subgroups that used to run activities on behalf of the PCC have now restarted. The church website which has become moribund has been a source of some discussion and the expectation is that 2023 a new website will exist. Youth and Children's work The regular Sunday school has effectively ended bLSt the monthly messy church has thrived and an occasional Sunday school now takes place. Church Buildings There regular on-going repairs to the building have conlinued and there was nothing of any significance Financial Review The 2022 Accounts comprises of the merged figures for Penkridge and Stretton as this constitutes the legal entity for the PCC. Overall receipts in 2022 were up by £15,044 to £111,265 compared to £96,221 in 2021. The income was boosted by a generous legacy totalling £6,023. Following the return to a full schedule of services and activities after the Coronavirus restrictions, it was possible to achieve a significant increase in fund raising activities, particularly Café Church and Fellowship Lunch. The total raised from Fund Raising activities during 2022 was £7,018 compared with £955 in 2021. A Church appeal for the DEC Ukraine Humanitarian Fund raised £671. Overall expenses increased by £22,299 in 2022 to £114,111 compared to £91,812 in 2021. Total expenditure on utilities in 2022 was £5,542, The breakdown was as follows:_ St Michael's Gas £2,050 Electricity £2,719 Water £434 St John's Levedale £191 £147 Based on current energy prices, the figure for 2023 is expected to show an increase of approximately £6,000. The Church Hall Debt remains at £25,112. The Parish Share previously paid to the Lichfield Diocesan Board of Finance has been replaced from 2022 by a new system of contribution called the Common Fund. The contribution for Penkridge was set at £62,139 for 2022. The PCC have been able to meet this Common Fund target and in
addition have paid £7,115 to reduce the shortfall of Parish Share payments accrued in 2020 and 2021 from £14,115 to £7,000. The forecast contribution for 2023 is £63,382. Previously the PCC has committed to an Annual Giving 100/0 tithe on unrestricted income (excluding fees income from Weddings and Funerals and Grants) to be donated to agreed charities and appeals. During 2022 £8,536 was donated. 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 £27,692 {2021= £20,875). 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 £20,459 (2021.. £17,672) including the Common Fund arrears of £7,000 (2021.. £14,115) which is below this target. The PCC are aware of this and are hoping to be in a position to build up reserves going fOard. Safeguarding The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops, guidance on safeguarding children and vulnerable adults). Reporting Serious Incidents A Serious Incident is an adverse event, whether actual or alleged, which results in or risks significant harm to the charity's beneficiaries, employees, office holders, volunteers or to others who come into contact with the charity through its work, loss of the charity's money or assets, damage to the charity's property or harm to the charity's work or reputation. The trustees are not aware of any Serious Incidents in the last year. Fundraising The PCC takes it fundraising responsibilities seriously and is very grateful to all donors- whether regular or occasional- for their support of the church and church events. PCC supporters are never taken for granted. The PCC take full responsibility for fundraising and do not use commercial organizations 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 the volunteers who work so hard to make our Church a lively and vibrant community. Our especial thanks go to our church wardens, the people who look after the building and the people who have led the restarting of the Drop In who have worked so tirelessly on our behalf and Mr Haime, who has helped us all understand the church's accounts and its finances. Future Plans During 2023 the PCC wish to have its website revamped, the sub groups which have recently restarted to make a real difference in the work of the church. With the recent influx of asylum seekers to the church community we would hope to become more inclusive of them. In 2023 we expect to be running a Christmas Iree festival. 2026 will mark the eight hundredth year of the
building of the current st Michael's Church and the hope is that there would be some event to mark this and so during 2023 there would be the start of planning activities. 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 infomal 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 2n(1 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 meet 9 times a year. Given its responsibilities. the PCC has a number of sub committees, each dealing with a particular aspect of parish life. These include Worship, Mission and Outreach. Buildings and Finance and Discipleship. Related Parties Donations from Related Parties Donations from related parties (PCC members) during the year totalled £14,5QO. All these donations were received without conditions. Remuneration paid to Trustees Mrs C. French, a trustee, has received £3,570 since becoming a trustee on 16th May 2022 for her role as Church Administrator and verger. She is not involved in any PCC discussions concerning her roles and does not vote on them. Expenses paid to Trustees Mr P. Haime has received £19 during 2022 to cover travelling expenses relating to the delivery and collection of accounts for independent examination. Reference and Administrative details The Churches are situated in Penkridge, Stretton, Levedale and Pillaton and are part of the Deanery of Penkridge, in the Diocese of Lichfield. The correspondence address is The Rectory, New Road, Penkridge, Stafford. ST19 5DN Registered charity number 1131086. Our website address is.. www.stmichaels enkrid e.co.uk
PCC members who have served from 1st January 2022 (Jntil the date this report was approved were: ExQfficlo The Incumbent RaderS The Reverend Greg Yerbury Ichairnian) Mrs E Burd (until 30161231 Mr J Burd (& Deanery Syni)d) (until 3016123) Rev A Arthur Miss C Holden (Lfntil 1615123) Mr D Spencer {& Vice Chair) (from 16105123) Mrs C Aher (frorn 16105123) Mrs M. Maiden (until 16105123) Mr E Hodkinson Mr J Linney Mrs. M Maiden Mrs H Palfrey Mrs C Beardmorè Mr P Haime (Treasurer) Mrs Carole French (from 1615122> Mrs J Jenkins (until 1615122) Mr D Knaggs Mr R Maiden Mr I Price Mrs Mary Rose (frurn 1615r22) Mr D Spencef (Vice Chaimanl (until 16105123) Miss S Ulrich (until 16105123) Mrs K Willets {until 1615122) Mr J Archer (from 16105123} Miss C Holden (from 1615123) Curate Churchwardens Deputy W8rden Churchwarden at St John's Deanery Synod Reps Elected Members Officer of the PCC (attentsffleebn bul doesnol wots) Mrs M Baggot (Sgcretary) Names and addresses of advi58r5 Bank Lloyd5 Bank PLC 3 Market Pla, Cannock WS111BD Independent Examiner Jonathan Hill Lichfield Di0san Board of Finance, St Marys House, The Close, Lichfield WS13 7LD Approved by the PCC on 12th September 2023 and signed on its behalf by: R¥verend G Yerbury (Chairnan) Mr D Sp8ncer jChurchwarden}
Independent Examiner's report to the trusteeslmembers of The PCC of Penkridge with Stretton Registered charity number: 1131086 I report on the accounts for the year ended 31st December 2022 which are set out on the following pages. Res ective res onsibilities of the Trustees and Inde endent 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 that 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 lo state whether particular matters have come to my attention. Basis of Inde endent 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 wtth 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 eviden that would be required in an audit, and consequently no opinion is given as to whether the accounts presenl a "true and fair" view and the report is limited to those matters set out in the statement below. Inde endent Examinerfs Statement In connection with my examination. no material matters have come to my attention which gives me cause to believe that in any material respect- accounting records were not kept in accordance with section 130 of the Charities Act or the accounts do not accord with the with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed.. Jonathan Hill FCMA CGMA Lichfield Diocesan Board of Finan St Marys House, The Close, Lichfield. WS13 7LD Date:....
The Parochial Church Council of Penkridge with Stretton st Financial Statements for the Year Ended 31 December 2022 Accounting Policies The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis. There may be minor discrepancies in the totals as the pence are not being shown. Fixed Assets Consecrated and benefice propety 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 lat 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. 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. Restricted funds comprise of Iwo 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 01 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. INhere there is no separate investment, interest is apportioned to individual funds on an average balance basis. 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 *rom the capital may be restrioted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts.
The Parochial Church Council of Penkridge with Stretton st Financial Statements for the Year Ended 31 December 2022 Receipts and Payments Account UnresÉrieted De5ign8ted Restricted Endowment runds funds funds funds Totgl Prlor year funds total fund$ Receipts Don8tions and legacips Income from charitable ac1wrtS Other trading adiwrtie5 Investments Other incotnB Total recelpts 89.342 10.746 6.512 3,962 93,3Q4 10.746 7,01e 198 84,001 11.042 955 506 98 120 96,221 106.700 4,565 111,265 Payments Raising funds Expenditure on Charrtab actwiti85 Total paymeftts 356 110411 110,767 356 113.755 114,q11 813 90,999 91,812 Exce55 of roceipts over payment$ before transfer 14,0671 1,222 12.8461 4,409 Transfvr5 Gross transfers betsveen fttnds- in G5$ IransfEf5 between funds- oui Excess of vecEipts ovèr payments before other gains I los$es 261 261 261 14.3281 1,483 12.8461 4,409 Net movement In fvnd$ 14.3281 12,8461 4,409 All assets at 01 January 2022 31.787 43,729 1.000 76,616 72.107 All •$s•ts at 31 Dec8rnber 2022 27,459 45,211 1.000 73.671 76.516 R¢pr¢sent¢d by Unrestricted Geneial Fund Sl John's. Str8tten Gtneral Fund St Michael's 7,621 19.839 7,621 19,839 8,181 25.606 R8Strtcted Bell$ Restricted Churth Chur¢hyard- St John's Slretton Donations for charitab Giving Friend$ Graves Restiided Levedale Refurbkshmenl Noah's Art( and Drop In Qrgan Maintenan¢e St Michaels Chyr¢h Fete Committee 89 8,434 69 8.836 8.434 25,075 3,000 2,987 2.881 2.391 374 25.075 3,000 2.987 2.881 2,391 374 24.055 3.000 2.128 2.781 2.488 374 Endowment Littleton Grave 1.OCrtI 1.000
The Parochial Church Council of Penkridge with Stretton st Financial Statements for the Year Ended 31 December 2022 Statement of assets and liabilities 2022 General Dest Rated Re$trRcted Endowrnent ear ear Current a58ets- Cash at bank and In hand Current bank account Sl Mi¢hael$ Lloyds curRnt- St John's Stretton Friends Bank Account- Levedale Bank Account- Levedale Cash in Hand- CBF deposil- St John's. Slretton General Cash in Hand Sl Michaels- Fees C$sh yi Hand- Sl Michae15 19,729 7.821 10,513 1,0 31,242 8.582 24.470 2.982 36,138 7,642 23,450 9.902 226 7,375 10 24,470 2.982 7.472 7,472 10 100 74.863 10 100 27,459 Totals 46.403 1,000 76,843 Ll•bililie$. Agen¢y ¥¢eounts Agency colle¢tions- 327 327 Tot•l$ 1,192 1,192 Grand cash totsl 27.4S9 4S,211 1,000 73,671 76.516 Other rronrfash 8sset8 Fixed 85sel- Levedale Misslon Chur¢h Cuirenl 85sels- Church Hall loan Curient liabilities- Paiish Share 2rrear8 10.000 25.112 7.000 55,571 10.000 25,112 7.000 101782 10,000 25,112 14.115 97,513 45.211 Statement of assets and liabilities 2021 Gener81 Desi nated Restrieted Endowment This ear Last ear Current as$ets- Cash at bank and In hand CuirerTrt bank attuunt- St Michael'5- Uoyd$ ¢urrent- St John's- Friend5 BankAccount- Levedale B#nkA¢¢out- Levedale Cash in Hand- CBF dÈposit- St John's- Geneial Ca$h in Hand St Mi¢h#el's- Fees Cash in Hand- St Michaels 25,497 6.181 9.642 1,461 23.450 1,902 226 7,375 1,000 36,138 7,842 23,450 1,902 226 7.375 10 100 76.B43 34.196 6.921 22.408 1.913 226 7.371 10 198 73.243 IOD 31,787 Totals 44.056 1.000 Cutrent assets- Debtors ArLounts Recewabk- re bank acrA)U 322 322 Totsls Llabilltie8- Agency accounts Agency collections- 327 327 327 327 Totals 1,457 Grand cash total 31,787 43,729 1,000 76,516 72.107 Othor non4a5h assets Fixed a$5et- Le¥edale 10 Church Cumni a5sel$- Churth Hall loan Current liabilities- Parish Share 8Ne8rs 10,000 25.172 14,1 t5 $2.784 10.000 25.112 14.115 10.000 25,232 5.843 tol 496 43.729 1.000 io
The Parochial Church Council of Penkridge with Stretton Financial Statements for the Year Ended 31$t December 2022 Fund movement by type 2022 eni Incomin Out oin Tr2nsf¢rs G3in$/losses Closin BELLS- BELLS RESTRICTED Restrictsd fj9 59 69 69 sub.total foF 8ELLS CHURCTrIYARD- Churchyard Malntènan¢e St Michael'5 Restricted 1.SOO 1,600 1.500 1.500 Sub-total for CHURCHYARD CHURCH and CHURCHYARD- St John's Stretton Restrict Sub4tstal for CIIURCH and CHURCHYARD 8,836 8.836 98 98 500 500 8.434 8.434 CHURCH FEfE_ St Mlchaèls Church Fetè Commlttee Restricted 374 374 374 374 su01 for CHURCH FETE FRIENDS- FRIENDS Restricted 24.055 24,055 1.020 1,020 25.075 25,075 Sub-total for FRIENDS GRAVES- GRAVES RESTRICTED Re$iri¢ied 3.000 3.000 3.000 3,000 sub.total for GRAVES ENERAL. Gèneral Ful Unrestrided- Sl John'$ Streiion Unresiricted-st Michapls Sub.totsl foy GENERAL 6,181 25.806 31,787 2.930 103.770 106,700 1.491 109.277 110.767 7,821 19.839 27,459 261 12611 GIVING. Donations for Charltable Glvlng Restricted 672 672 671 671 Sub-total for Glvlng LEVEDALE- LEVEDALE REFURBISHMENT Restricted 2.128 2,128 745 745 147 147 sUtOtal for LEVEDALE 261 2,987 LITTLETON- LITTLETON GRAVE Endowm?nl 1,000 I,OOD Sub-totsl for LITTLETON 140AHS- NOAHS ARK 8 DROP IN ReslrEted 2.781 2,781 100 100 2.881 2,881 Sub-total lor NOAHS ORGAN- ORGAN MAINTENANCE ResliKle 2.486 2,486 431 431 528 526 2.391 2.391 Sub4otal for ORGAN Grand total 76,516 111,265 114.111 73,671 IJ
The Parochial Church Council of Penkridge with Stretton St Financial Statements for the Year Ended 31 December 2022 Fund Description Rostricted Funds Bells - St Michael's For the upkeep and maintenance of St Michael's bells Church Fele - Sl Michael's Fete Committee funds to be used for set-up costs of future fetes Friends of St Michael's For repairs and maintenance to the fabric of St Michael's Church Graves - St Michael's For the upkeep and maintenance ofthe Minshall and Wimpenny graves in St Michael's Churchyard For the refurbishment, upkeep ané maintenance of Levedale Mission Church For Noah's Ark and Drop-in groups For upkeep and maintenance of St Michael's organ Donations and collections made for the purpose of Charitable Giving on behalf of the Church Levedale- St Mi¢hael's Noahs - St Michael's Organ- St Michael'5 Giving Church & Churchyard St John's For the upkeep and maintenance of St John's Church and Churchyard Endowment Funds Littleton For the maintenance of Lady Hatherton's grave Analysis of Transfer between Funds A transfer of £261 was rnade from St Michael's General Fund to Levedale Refurbishment Fund to reimburse Levedale for electricity charges which had been incorrectly debited lo the Levedale Bank Account.12021.' Nil) Fund movement by type 2021 enin Incomin Out oin Transfers Galns]]oss¢$ Closi ELLS. BELLS RESTRICTED Resliicted 353 353 20 1201 204 264 69 69 Sub-total for BELLS Chur¢h and Chui¢hMatd Sl John, Restricted 9,332 9,332 500 500 8.836 8.836 Sub-total Chur¢h Fèts- St Mithael'$ Chureh Fetè Restricted 374 374 374 374 Sub-lotal for Church Fele FRIENDS- FRIENDS Reslride 22.408 22,408 24.055 2{055 Su101 t(>r FRIENDS 2,312 665 GRAVES. GRAVES RESTRICTEO Re$lrlcted 3.000 3,000 3.000 3.000 sub.total forORAVES Gènèral . General Fun un$t[l¢le Sl John's Unre$iricied Si MKhael's Sub-tolal lor General 5.261 22.423 27.704 2,566 85.020 87.S86 1.666 6.181 25.806 31,787 83,503 J2
Glv5ng- Donattons foi Charitabltr Restricted 6,239 6,239 6,239 6,239 Subtoi81 lor fjivirtg LEVEDALE- LEVEDALE REFURBISHMENT R8slricted 100 100 112 112 2,128 2.128 Sub-total for LÈVEDALE 2.139 LITTLETON- uLEToN GK4VE Endowrnent StOtal for LirrLYfoN 1.000 1,000 NOAHS- 140AHS ARK & DROP IN Reslri¢ted 2.7B1 2,781 Sub-total for NOAHS 2,781 ORGAN. ORGAN MAINTENANCE R&stcted 3.015 3,015 529 529 2.486 2.486 Sub.t¢)l¥l for ORGAN Grand tolal 72,107 96.221 76,S16 Analysis of receipts and payments Totsl ear Unrestricted Des ated Restricted Endowrnent This Last ear INCONIE AND ENDOWMENTS Donations and legacios Gift Aid- Bank Gift Aid- Envelopes Other planned giving L005e plate collections One-off Gsft gifts Donations appeals elc Tax recoverable ¢n Gift Aid Legacie Recurring grants Non-recurring onff granls Wall Sale don81ions 40,173 4,226 4,721 8,708 1,595 1,515 21,121 6,023 275 329 657 69,342 573 40,746 4,226 5.168 8.708 1,635 2.436 21,245 6,023 1,775 685 657 93,304 42.D40 4,273 4,594 4,966 6,520 10,222 4,126 2,200 3.302 1.314 448 40 922 124 1,500 356 Toilal 3,962 84,001 Income from charltable a¢tivities Foes forwoddings and fvneials Fee3 Healing and Travelling expenses Stall Tècèipts 8,774 1.360 8,774 1.360 9.147 1,520 612 10.746 612 10.746 375 11,042 Total Other trading activblles Fund raising Ancillary Trading 8.302 210 8,512 6,608 210 7.018 929 26 955 Total 506 Investments Bank and building society interest Rent from land5 or buildings 98 100 198 100 100 100 104 Total 13
other income Church Hall LDan Repayments 120 120 96,221 Total INCOME TOTAL 106.700 4,565 111.265 EXPENDITURE Raising funds Cos15 of Fundraising Costs of Stall Purchases Costs of stewardship campaign 454 356 356 69 813 Total 356 358 Expenditure on chatable activltitrs Grants, Missions and Special Appeals Common Ful Contribuh'on Common Fund Arrèars Parish administrator Costs Clergy Expenses Vicals telephone Parish training and missitsn Church iunning- insurancé Organ I piancF tuning Church maintenance Cleaning Upkeep of SeiCe5 Upkeep olchurchyaid Administratio Church Management and Admin Church running - electric Church running - gas Church running - water Govèrnance etrsls Èxaminalionlaudit fee Church major iepaifs- installation Total EXPENDITURE TOTAL 8,536 671 9,207 7,674 62,139 7,115 4.080 808 62.139 7.115 4,080 51,317 4,080 885 837 9,493 837 9,493 526 2,969 255 2,487 4,629 942 8.720 221 3.593 240 1,129 4,5QO 20 2,627 1,740 1,974 187 212 526 2,969 255 2,487 2,629 2,000 3.469 2.911 2,050 434 200 3,469 3,058 147 434 200 1,138 90,999 91,812 110,411 110.767 3,344 3,344 113.755 114.111 GRAND TOTAL 4,067 1,222 2.846 4.409 Fixed Assets The PCC own the property known as Levedale Mission Church. A professional valuation of the property carried out during 2003 valued it at £10,000. J4
other Monetary Assets Church Hall Loan 2022 2021 As at I" January Repayments in the year As at31. December 25,112 25,232 11201 25,112 25,112 Penkridge St Michael's lent £77,046 to the Church Hall (an independent charity) for a modernisation and renovation project in 2008. The Church Hall make repayments when they can afford to do so. Liabilities 2022 2021 Parish share Agency 7,000 1,192 14,115 327 Total 8,192 14,442 The Parish Share previously paid to the Lichfield Diocesan Board of Finance has been replaced from 2022 by a new system of contribution called the Common Fund. The contribution for Penkr¢dge was sel al £62,139 for 2022. The PCC have been able to meet this Common Fund target and in addilion paid £7,115 to redu the shortfall of Parish Share payments aGcrued in 2020 and 2021 from £14,115 to £7,000. Previously the PCC has committed to an Annual Giving loo tithe on unrestricted income (nel of fees and grants income) to be donated to agreed charities and appeals. During 2022 £8,536 was donated. The outstanding tithes brought forward from 20201£1,5961 and 2021 (£7,633) tolalled £9,229 leaving £693 to be carried forward to 2023. The calculated tithe for 2022 is £9,410.
Receipts and Payments Account 2021 Vnresti'icled Designated Re5trleted Endowment fund5 funds funds fund5 Total Prior yegr funds total funds Recelpts Donations and legacie5 In¢ome from ¢harirable acknvit18S Other trading activrties Inve$imenls Oihèr income Total receipts 75.369 11.042 955 8,631 84.001 11,042 955 95.301 12.972 2.540 120 87.586 120 96,221 1.042 111,997 8.636 Payments Raising funds Expendrture on charjlab a¢livilie5 Total payments 813 82.69J 83,503 813 90,999 91.812 142.424 143,024 8.309 Exce55 of r8celpt8 0r paym¢nts b¢foro transfer 4,083 326 4,409 131.0261 TraDsfeTS Gr05s Iransfeis betsv88n funds- in Gr055 transfers between funds- out Ext¢$$ of reGeipts over payments before other gains I losses 1,d27 4.083 326 4.409 131,0261 Net movem¢nt In fvnds 4,083 326 4A09 131.0261 All 888ets at 01 January 2021 27.704 43.403 1.000 72,107 103,133 All assets at 31 Decembor 2021 31,Y87 43,729 1.Q¢XI 76.616 72,107 Represented by Unrestricted Gen&ral Fund St. John's Gefteral fund Sl Michael's 6,181 25,606 6,181 25.806 5.281 22.423 RestriGted BELLS RESTRICTED Church And Chur¢hyard- Sl John, FRIENDS GRAVES RESTRICTED LEVEDALE REFURBISHMENT NOAHS ARK & DROP IN ORGAN MAINTENANCE St MKhaels Church Fete Cornmittee 69 8.836 24.055 3,000 2.128 2.781 2.486 374 69 8.836 24,055 3,000 2.128 2.781 2,48fj 374 353 9.332 22.408 3.000 2,139 2,781 3,015 374 Endowment lIlETON GFWVE 1.000 1.000 1.000 The two main churches, PeJ]kridg¢ St Michael and All Angels and Penkridge St John, Stretton maintain separate ledgers that are consolidated to forni Ilie PCC accounts. Their individual reports are on the following pages. Transactions for Penkridge Levedale Mission and Petthridge St Modwena, Pillaton are included in the accounts foi" St Michael and All Angels. J6
The Parochial Church Council of Penkridge with Stretton st Financial Statements for the Year Ended 31 December 2022 Receipts and Payments Account - st Michael8 Unrestrleted Deslgnated R¢5tricted Ettdowrnent fund$ fumds funds funds Total Prior year funds total funils Receipts Donaiions and 9acie5 lthcome frorn diaFilable actNrties other trading activities Invesimenls OlhÈr in¢orr Total receipts 8S.412 10.746 6,512 ILK) 3,962 9D,373 10,746 7,Of8 81.435 11.042 955 506 120 93.6$2 103,770 4.468 IOB.237 Payments Ralsing funé$ EXpendilU on ¢haritable adivities Total poymw 356 108.920 109,277 356 111764 112,120 813 88.833 89.646 Excess of receipts over payments before transfer 15.5071 1.624 13,6831 4.006 Transfers Gros5 transfer5 beMeen funds- in Gross transfers belweeri funds- out Excess of receipls over payments before other gains I losses 261 261 261 13.8831 2SI 1S,7681 1,885 4.006 Nrf movement In lthids 15,7681 1,885 13.8831 400$ All assèts at 01 January 2022 2S,606 34,893 1,OOQ 61,495 57.494 All assets at 31 December Z022 19,839 1.Q 57.617 61,499 Rèpresentsd by Llnrestrlct8d GOra1 fund 19,839 19,839 25.6C Rostrlcted BELLS RESTRICTED Donaiion5 foi Charitable Giving FRIENDS GRAVES RESTRICTED LEVEDALE REFUR8ISMMENT NOAHS ARK & DROP IN ORGAN MAINTENANCE St MKhae15 Church Fete Cornmittee 69 25,075 3,000 2,987 2,881 2,397 374 25.075 3.th)0 2,987 2.881 2,391 374 24.055 3.000 2.128 2.781 2,486 374 Endowment LITMETON GRAVE 1,000 t.OOD 17
Statement of assets and liabilities - St Michaels Genersl De$1 n2ted Restricted Endowment This ear Last ear CunI a$s¢ts. Cash at bank and hand Curfenl bank account- St M. Friènds 88nk Account- Levedale Bank Account- Levedale Cash In HaTrd- G8n8ral cash th Hand Sl mh#e15- FÈes Cash in Hand- 19,729 10,513 24.470 2,982 1,000 31.242 24.470 2.982 36,138 23,450 1,902 226 10 loo 61,826 10 loo 19,839 10 Totals 37.970 1.000 58.809 Llabllltles- Agency a¢¢ounts Agency collections- 1.192 1,192 1.192 1.192 327 327 Totals Granil total 19,839 61,499 18
The Parochial Church Council of Penkridge with Stretton st Financial Statements for the Year Ended 31 December 2022 Receipts and Payments Account- St Johns Unrestricted De$ignated Reslrieted Endowment fynd$ funds rvnd5 funds Total Prior year lunils total funds Re¢eipts DDnalions 9aleS In¢om¢ from ¢harilable activili8s Other tffjding auivities Investments Other ineame Totsl rncelpts 2,930 2,930 98 2,930 3,028 2,570 Payments Raising funds Exp&nditure on charitablE aGtwiliBS Total payments 1.491 1.491 5tY) 600 2.168 2.166 1,991 Ex¢e$5 of receipts over payments bel# transfer 1.440 14021 1,037 404 Transfers Gross Iran$fers betweèn funds- in Gr05$ Iranslttis between funds- out Ex¢e$$ ol CeIpts over payments b8fore ther gaÉns I lo5se5 1.440 14021 1.037 404 Net movemen¢ In fund¥ 1.440 14021 1,037 404 All a55et8 at 01 JaTruary 2022 6,181 8,836 15,017 14,613 All assets at 31 DBcemb8T 2022 7.621 8,434 16,054 16,017 Repented by nrestricted General Fund 7,621 7.621 6,181 Re5trfGted Churth and Ghurchyard- St John's 8,434 8.434 8.836 Statement of assets and liabilities - St Johns General De51 ated Restricted Endowment This ear Last ear Cu¥Tfrnt assets. Ca$h at bank and In hand Uoyds crn1- Sl John's- CBF deposit- St John's- 7,621 8,582 7,472 16.054 7,642 7.375 15,017 Totals 7,621 8,434 Grand total 34 19