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2022-12-31-accounts

Annual Report and Financial Statements of the Parochial Church Council of The Parish of St Jude’s

For the year ended 31[st] December 2022 Registered Charity Number 1132485

Page 1

The Parochial Church Council of St Jude’s

Trustees’ Annual Report for the year ended 31[st] December 2022

Charity registration number 1132485

Objectives and Activities

The Parochial Church Council of Wolverhampton St Jude’s (the PCC) has the responsibility of co-operating with the incumbent, the Reverend Philip Robertson, 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 Wolverhampton St Jude’s. 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, 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 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 Wolverhampton St Jude’s, it helps to promote the whole mission of the Church (pastoral, evangelistic, social and ecumenical) more effectively, within the Ecclesiastical Parish, and that in doing so it provides a benefit to the public by:

• Providing facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers; and

• Promoting Christian values and service by members of the Church in and to their communities, to the benefit of individuals and society as a whole.

Achievements and Performance

The PCC of the Parish of St Jude’s ensure that all new Trustees receive ‘The Essential Trustee Guide’ issued by the Charity Commission. They also receive a copy of the financial procedures as approved by the PCC to ensure they are aware of the controls in place. New trustees are informed that the bookkeeping, financial reports and adherence to financial procedures are maintained by Kim Benton.

The trustees have undertaken a review of risks to the charity and how they should be monitored and managed. Taking due consideration of the recommendations of Charity Commission paper CC26 we conclude that no specific new procedures are required. Our present procedures for financial budgeting, managing resources and accounting provide a framework of control which fulfils our obligations as a charity.

The Trustees carry out Risk Assessments for one-off events and ensure that leaders and helpers of events are aware of the PCC’s Health and Safety and Safeguarding policies.

The PCC is a registered charity, charity number 1132485.

Page 2

2022 – Moving Forward After Covid Restictions

More activity has returned. We now have: church services, visits to schools, Carers & Toddlers, and Cuppa & Cake. Our contact with the local community is gradually returning.

PCC Activity During 2022

The PCC met seven times during the year.

Staff

We have: 1 Vicar - Rev Philip Robertson. 1 minister with permission to officiate – Rev Ivor Saunders. 1 Reader – John Welsby. 1 Authorised Lay Minister – Amita Sudra. The PCC employs paid staff – our secretary, cleaner, and verger.

Occasional Leaders and Preachers

This group was established in 2019 by the Vicar and PCC in line with an initiative from bishop Michael to encourage lay participation in leading and preaching during Worship Services. The group is led by John Welsby, our Reader, with support more recently from Amita Sudra, our Lay Worker. Currently there are 9 participants in the group. It meets, approximately 4 times a year to support participants in developing their gifts. Members participate in Sunday Services occasionally – up to once a quarter. and their contributions are valued by the Church Family.

Services

Teaching during Sunday morning services has covered: Jesus’ ministry in Mark’s gospel; the message of the book of Revelation; reflections on the Queen’s Platinum Jubilee and then later in the year her death; the early life of Moses leading towards the Exodus; and seasonal Festival Readings. We have stopped recording services for posting on YouTube and in the Church’s Facebook group. Orders of Service and News Sheets are posted to people who feel unable to attend (mainly due to ill health).

Holy Communion is offed by intinction.

As we have come out of Covid Lockdown Messy Church has not resumed

Prayer Meetings

Prayer meetings take place every week on Saturday mornings, and every month on Wednesday evenings. They are not particularly well supported.

Electoral Roll Membership and Service Statistics

The Electoral Roll remains at 105. Average Sunday Attendance was 69 adults and 15 under 16s. There were 6 baptisms, and 0 Service of Thanksgiving; 2 confirmations; 0 wedding and 0 dedication after a civil ceremony; 2 funerals in church and 1 at the crematorium. In the Autumn there has been a growing number of overseas students and workers attending church.

Children and Families Work

J Team during 10.30am Sunday Services - Primary school aged children

Whilst the building has been open for Sunday worship J Team has met in the church hall (except on Sundays when we hold Worship Together). Numbers attending have held steady at approximately 12 to 15 at each session. Nicky Robertson, Linda Majhu, and Mark Harrington lead with assistance from other members of the church.

Schools work

St Jude’s and St Andrew’s schools have resumed inviting the vicar into school to take assemblies.

Carers & Toddlers

Dawn Peach and Janice Walbridge, with a regular group of volunteer helpers, do a marvellous job. The Tuesday time is popular, with mothers willing to travel from the other side of Wolverhampton to attend.

Guides, Brownies and Rainbows

Since the summer of 2016 St Jude’s church and the 27[th] Wolverhampton (St Jude’s) Guide Unit has been linked together through a formal agreement. The unit meets in the church hall, rent free, every Monday evening during school term time and continues to thrive in all age ranges. Leaders also take girls to national Guiding events.

Page 3

Love Black Country Festival

We gave financial support to the Summer festival and some of our church family attended the July event that took place in Himley Hall.

Pastoral Care

Pastoral support

The church family are a caring community. The vicar also visits people in need. Some of the people who feel unable to return to church receive service and prayer sheets. The Prayer Chain has remained in operation throughout the year.

Support of other Christian Mission

We continue to set aside 10% of the previous year’s voluntary unrestricted income to give in support of Christian Mission. 90% is divided equally between our Mission Partners. The last 10% of the allocation forms a reserve fund from which grants may be awarded to short term mission projects, it also funds the purchase of the Bibles we give to St Jude’s school year 6 leavers. This year we carried out a review of the Mission Partners we support (The next review will be due in March 2025). We now support: Wolverhampton Well, Little Brothers of the Good Shepherd, PCF Romania Project, Tearfund, The Leprosy Mission, Barnabas Fund, and Hope From Above. Later in the year the PCC embraced Interserve as a Mission Partner (because of the connections Amita Sudra has formed with the organisation to help her in her work amongst Asian women). The prayer diary, in our weekly Sunday News and Prayer, keeps the congregation informed on what to pray for our Mission Partners.

Shaping for Mission

The Diocesan initiative Shaping for Mission continues. Each deanery across the diocese is to examine itself, and seek out mission opportunities that exist, in a 3 phase process. Details of all this can be found on the diocesan website at the address www.lichfield.anglican.org/shaping-for-mission . Mark Harrington (one of our Deanery representatives) sits on the Wolverhampton Deanery working party given the task of initiating and driving this process within our Deanery. We have engaged with the process, providing information about St Jude’s.

Living in Love and Faith

This national church project came to fruition with the publication of literature and course material for Anglican Churches across the land to engage in thinking about human sexuality and marriage. We ran the five week course in March/ April. Feedback from participants, via the LLF webpages on the Church of England website, has been encouraged by the Church of England. It will be considered by a working party of Bishops before proposals are presented to the to the House of Bishops. The House of Bishops will then present their thoughts and recommendations to General Synod in February 2023.

Events Connected with the Queen’s Jubilee in May and her death in September

The weekend before the Queen’s Jubilee (to avoid a clash with many neighbourhood activities) we held a special Sunday worship service followed by a well-supported lunch (it was the first ‘bring and share’ lunch since coming out of Covid lockdown). In the autumn, to mark the sad passing away of the Queen, we opened the church during the week for private prayer and held a commemorative service.

Use of our buildings by the community

With the relaxing of Covid prohibitions, hall lettings have resumed. The church sanctuary is also, on occasion, used by outside groups – a local choir held a Christmas concert. Wolverhampton Music Service was due to resume their bookings after Covid with a Christmas workshop and concert, but it sadly had to be cancelled because of a boiler problem (which has now been resolved). Schools have been reluctant to resume Christmas services in church because of pressures upon their timetables as they attempt to make up the shortfall in pupils’ education caused by Covid lockdown.

Fabric report

The architect’s quinquennial survey of the building fabric was carried out this autumn.

The PCC manages the day-to-day maintenance of church property and grounds. Work this year has included:

Page 4

The PCC’s priorities for major repairs (identified in the architect’s 2016 quinquennial report) and alterations are:

(The work was completed last year - 2021)

At the start of 2020 we approached our architect for advice on the many damp patches in walls around the building. Lockdowns prevented progress. Once we have taken stock of our finances, investigations and work should be put in hand.

Church finances

Financial Review

Net total assets - £62,167 [£72,987 2021]

Deficit – (£10,819) - Unrestricted Deficit – (£18,920) Restricted excess £8,100 [Deficit (£112,727) 2021].

Overall Income has reduced from £101,753 2021 to £88,921 2022. The most notable differences being Gift Aid collections, donations, grants and Church Hall lettings.

Expenditure has also reduced from £214,481 2021 to £99,740 2022. This will be no surprise as £98,450 was spent in 2021 on Major repairs. The other notable differences are costs of fetes & other events, common fund which has reduced from £49,421 2021 to £36,718 which was paid in full. The request for 2023 will also be £36,718 because of the new formula being used. Other notable differences are clergy expenses showing a negative (£35.88). This is because of two cheques from August 2021 not being cashed £84.15 and £5.60. Phil may want to revisit and the cheques reissued in 2023. Day to day maintenance repairs have reduced but we have seen increases in Upkeep of churchyard, Printing/Stationery/Advertising, Church running-Electric and Gas [which will be no surprise]. A grant of £1,250 was received from Lichfield Diocese without application to help with Parish energy costs.

The Incumbent and Churchwardens Trust held separately from the PCC of Wolverhampton St Jude’s – the Trust was set up to help with work of St Jude’s Church and decisions are made by the current Incumbent and Church Wardens. Only the income can be used which is the reason the capital is held within Trust Number – TN217.

Total net assets: £505,266 [£511,244 2021] – which includes 21 St Jude’s Road a house which is rented and has a Fixed asset value of £ 220,543 [£207,781 2021]

The remainder are Stocks and share investments: 1200021110S - £129,925 [£147,260 2021] – held in Trust with LDBF - TN217 120002015L - £57,942 [£67,401 2021] – held in Trust with LDBF – TN217 120002029P - £46,358 [£52,521 2021] – held in Trust with LDBF – TN217

Bank Current account holds £50,496 [£36,280 2021]

Excess: £14,215 [£13,256 2021]

The income is derived from rental income from 21 St Jude’s Road and dividend income from the investments held in Trust TN217. Rental income in 2022 £8,752 [£8,388 2021] and management charges were £1,270 [£1,156.56 2021]. The Dividend income was £7,809 [£7,615 2021].

Page 5

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 £24,935 [£29,007 2021]. It is held to smooth out fluctuations in cash flow and to meet emergencies. The PCC have a designated Reserve fund, the balance of this fund is £30,000. The balance of the free reserves at the year end were in deficit (£45,361) but with designated funds of £32,759 added into the equation reduces this to a deficit of (£12,731) [£25,406 2021] which is considerably lower than this target. The PCC are aware of this and will be working to increase income or reduce expenditure significantly.

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.

The charity’s investment policies are based on two key principles: -

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:

Planned giving, collections and donations are the main sources of fund raising along with tax recoverable.

Safeguarding

The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults).

Reporting Serious Incidents

A Serious Incident is an adverse event, whether actual or alleged, which results in or risks significant harm to the charity’s beneficiaries, employees, office holders, volunteers or to others who come into contact with the charity through its work, loss of the charity’s money or assets, damage to the charity’s property or harm to the charity’s work or reputation.

The trustees are not aware of any Serious Incidents in the last year

Fundraising

The PCC takes it fundraising responsibilities seriously and is very grateful to all donors – whether regular or occasional – for their support of the church and church events. PCC supporters are never taken for granted. The PCC take full responsibility for fundraising and do not use commercial organisations or professional fundraisers. All money raised is either by donations, fundraising events, special appeals or legacies for which the PCC are most grateful.

Volunteers

The members of the PCC would like to thank all of the 35 volunteers who work so hard to make our Church a lively and vibrant community.

Page 6

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. The trustees have undertaken a review of risks to the charity and how they should be monitored and managed. Taking due consideration of the recommendations of Charity Commission paper CC26 we conclude that no specific new procedures are required. Our present procedures for financial budgeting, managing resources and accounting provide a framework of control which fulfils our obligations as a charity.

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 7 times in 2022.

Related Parties

There are no related parties employed by the PCC or awarded contracts for work

Donations from Related Parties

Donations from related parties during the year totalled £18,140 [£18,260 2021]. All these donations were received without conditions.

Remuneration paid to Trustees

None of the trustees have been paid any remuneration or received any other benefits from employment with the PCC

Expenses paid to Trustees

One trustee [The Incumbent] was reimbursed £53.87 [£138.85 2021 however £89.75 was not collected and may be reimbursed in 2023] for travel and subsistence during the year.

Page 7

Reference and Administrative Details

Charity Name: The Parochial Church Council of the Ecclesiastical Parish of Wolverhampton St Jude’s

Other names the charity is known by: N/A Registered Charity Number : 1132485

Charity’s principal address: St Jude’s Road Wolverhampton WV6 0LB Correspondence address: 21A St Jude’s Road Wolverhampton WV6 0LB Website address: https://www.achurchnearyou.com/church/4644/

PCC Members: Who Served from 1 January 2022 to the date this report was approved

PCC Members: Who Served from 1 January 2022 to the date this report was approved
Trustee name Office (if any) Dates acted if not for whole
period
Ex-Officio
The Rev’d Philip Robertson Chairman
Mr Simon Fenner Deputy Chairman [2023]
Mr James Sturgeon Churchwarden [2022]
Mr Pradip Sudra Churchwarden [2022]
Elected Members
Mrs Joan Reynolds Planned giving secretary [2022]
Mr Mark Harrington [2023]
Mr Simon Hewitt [2023]
Liz Lawrance [2023]
Dawn Peach Safeguarding Co-ordinator [2023]
Amita Sudra [2023]
Cynthia Ultete [2023]

Page 8

Bank Lloyds Bank PLC Queen Square Wolverhampton WV1 1RF Investment CCLA Managers Senator House 85 Queen Victoria Street London EC4V 4ET Independent Jonathan Hill Examiner Lichfield Diocesan Board of Finance St Marys House, The Close, Lichfield. WS13 7LD

Approved by St Jude’s PCC on 27/03/2023 and signed on its behalf by: Revd Philip Robertson Date: 27[th] March 2023

Page 9

Independent Examiner’s report to the trustees/members of The PCC of The Parish of Wolverhampton St Jude’s

Registered charity number: 1132485

I report on the accounts for the year ended 31[st] December 2022 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 that an independent examination is needed.

It is my responsibility

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:

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: 05/10/2023 Jonathan Hill FCMA CGMA Lichfield Diocesan Board of Finance St Mary’s House, The Close, Lichfield WS13 7LD

Page 10

The Parish of Wolverhampton St Jude’s Notes to the Financial Statements

For the year ended 31[st] December 2022

Accounting Policies

The Financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis.

There may be minor discrepancies in the totals as the pence are not being shown.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

Cashflow Statement

The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a cashflow statement on the grounds that the income does not exceed £500,000.

Going Concern

The free reserves at 31 December 2022 were in deficit (£45,361) but with designated funds of £32,759 added into the equation reduces this to a deficit (£12,731) [£25,406 2021]. There is a potential danger that Wolverhampton St Judes may not remain a going concern. The PCC are aware of this and are working hard to increase income or reduce expenditure.

Accounting Estimates and Prior Year Errors

No changes to accounting estimates have occurred in the reporting period. No material prior year errors have been identified in the reporting period

Description of Funds

Unrestricted funds are income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its "free reserves" as disclosed in the trustees' annual report.

An explanation of purpose of each Designated fund are as follows:

Restricted funds comprise of two elements :-

An explanation of purpose of each Restricted fund are as follows:

Page 11

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 Parish of Wolverhampton St Jude’s does not hold any Endowment funds

Incoming Resources

Planned giving, collections and donations are recognised when received or when the PCC becomes entitled to the resource and the monetary value can be measured with sufficient reliability. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due and the monetary value can be measured with sufficient reliability. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.

Resources Expended

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.

Governance and Support Costs

Support costs should be allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the PCC and its compliance with regulation and good practice.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources eg by allocating staff costs by time spent and other costs by their usage.

Fixed Assets

Consecrated and benefice property is not included in the accounts by s.10(2)(a)&(C) of the Charities Act 2011. Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the Church’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements.

No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets exceeds 50 years, so that any depreciation charges would be immaterial. Other tangible fixed assets are valued at cost. The depreciation rates and methods used are 50% 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

Page 12

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.

The Parish of Wolverhampton St Jude’s year ending 2022

Statement of Receipts and Payments 2022

Unrestricted
Restricted
2022
2021
Receipts from:
Donations and legacies
Receipts from charitable activities
Investments
Total receipts
Payments on:
Raising funds
Payments on charitable activities
Other payments
Total payments
Net receipts / (payments) resources before transfer
Transfers
Gross transfers between funds - in
Gross transfers between funds - out
Other recognised gains / losses
Gains / 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		 74,505
7,692
82,198
98,002
511
627
1,139
1,150
5,521
62
5,583
2,600
80,538
8,382
88,921
101,753
—
—
—
236
83,369
281
83,651
200,617
16,089
—
16,089
13,627
99,459
281
99,740
214,481
(18,920)
8,100
(10,819)
(112,727)
—
250
250
4,040
(250)
—
(250)
(4,040)
0
—
0
—
—
—
—
2,946
(19,170)
8,350
(10,820)
(109,781)
44,578
28,408
72,987
182,768
25,407
36,759
62,167
72,987

Page 13

Statement of assets and liabilities 2022

General
Designated
Restricted
2022
2021
Current assets - Cash at bank and in hand
Lloyds TSB Current Account -
CCLA DEPOSIT ACCOUNT -
Kingdom Bank St Judes Reserve A/C -
Cash in hand -
The Vicarage 21A St Judes -
Totals
Current assets - Investments
CBF Church of England UK Equity Fund
013 -
Totals
Liabilities - Agency accounts
Agency collections -
Totals
Grand total		 (7,276)
32,630
35,479
60,833
71,901
2
—
—
2
2
46
—
—
46
46
—
—
200
200
—
—
—
1,812
1,812
1,500
(7,226)
32,630
37,491
62,896
73,450
3
—
—
3
4
3
—
—
3
4
—
—
732
732
467
—
—
732
732
467
(7,223)
32,630
36,759
62,167
72,987

Approved by the PCC on 27/03/2023 and signed on its behalf by:

Revd Philip Robertson Date: 27[th] March 2023

Page 14

Statement of assets and liabilities 2021

Current assets - Cash at bank and in hand
Lloyds TSB Current Account -
CCLA DEPOSIT ACCOUNT -
Kingdom Bank St Judes Reserve A/C -
Cash in hand -
Holiday Club Petty Cash -
The Vicarage 21A St Judes -
Totals
Current assets - Investments
CBF Church of England Property Fund
0132 -
CBF Church of England UK Equity Fund
013 -
Totals
Liabilities - Agency accounts
Agency collections -
Totals
Grand total		 General
Designated
Restricted
2021
2020
11,217
33,307
27,376
71,901
58,877
2
—
—
2
50,431
46
—
—
46
25,252
—
—
—
—
20
—
—
—
—
108
—
—
1,500
1,500
1,187
11,267
33,307
28,876
73,450
135,877
—
—
—
—
19,403
4
—
—
4
26,489
4
—
—
4
45,893
—
—
467
467
(997)
—
—
467
467
(997)
11,271
33,307
28,408
72,987
182,768

Page 15

Analysis of receipts and payments 2022

Receipts

Donations and legacies

Donations and legacies
0101 - Gift Aid - Collections
0201 - Non Gift Aid - Collections
0301 - Loose plate collections
0550 - Donations
0601 - Tax recoverable on Gift Aid
0801 - Recurring grants
08A1 - Non-recurring one-off grants
Total
Receipts from charitable activities
0901 - Other Income Generated
0903 - Subs paid for Clubs
Holiday/Jteam/Youth
1101 - Fees for Weddings and
Funerals
Total
Investments
1001 - Dividends
1020 - Bank and building society
interest
1230 - Church hall lettings - general
Total		 Unrestricted
Designated
Restricted
2022
2021
42,943
—
7,292
50,235
55,934
9,823
—
0
9,824
9,894
4,352
—
—
4,352
3,919
407
—
—
407
6,110
15,179
—
—
15,179
14,172
550
—
—
550
—
1,250
—
400
1,650
7,971
74,505
—
7,692
82,198
98,002
245
—
391
636
646
—
42
236
278
80
224
—
—
224
424
469
42
627
1,139
1,150
—
—
—
—
241
0
—
62
62
127
5,520
—
—
5,520
2,231
5,521
—
62
5,583
2,600
RECEIPTS TOTAL 80,496
42
8,382
88,921
101,753
Payments
Raising funds
1720 - Costs of Stewardship
Campaign
Total
Payments on charitable activities
1730 - Costs of Fetes & Other Events
1802 - Giving to Other
Charities/Sponsorships
1910 - Common Fund
2102 - All Other Expense Claims
2103 - Clergy Expenses
2202 - Catering
2205 - Bank Charges
2301 - Church running - insurance
2310 - Telephones		 Unrestricted
Designated
Restricted
2022
2021
—
—
—
—
236
—
—
—
—
236
399
—
1,037
1,436
154
6,340
—
—
6,340
7,930
36,718
—
—
36,718
49,421
54
—
—
54
—
(35)
—
—
(35)
138
273
—
—
273
—
—
—
—
—
44
4,249
—
—
4,249
4,091
1,237
—
—
1,237
1,460

Page 16

2320 - Organ/Piano
Tuning/Repair/Maintenance
2330 - Day to Day Maintenance &
Repairs
2331 - Cleaning
Materials&Equipment
2340 - Upkeep of services Wafer
Wine
2341 - Ministry Recources used in
Services
2350 - Upkeep of Church yard
2360 -
Printing/Stationery/Advertising
2362 - Photocopier
2363 - Licences and Subscriptions
2401 - Church running - electric
2410 - Church running - gas
2420 - Church running - water
2710 - Major repairs
Total
Other payments
2001 - Salaries and Bursaries
2025 - Secretary Pension
Total		 924
—
—
924
—
12,055
—
12
12,068
25,576
562
—
—
562
149
204
719
—
923
925
46
—
179
226
144
1,242
—
—
1,242
—
4,781
—
38
4,820
2,779
1,229
—
—
1,229
1,231
927
—
—
927
1,049
1,169
—
—
1,169
857
8,377
—
—
8,377
6,138
93
—
—
93
73
1,800
—
(986)
813
98,450
82,650
719
281
83,651
200,617
15,477
—
—
15,477
12,965
611
—
—
611
662
16,089
—
—
16,089
13,627
PAYMENTS TOTAL 98,739
719
281
99,740
214,481
GRAND TOTAL (18,243)
(676)
8,100
(10,819)
(112,727)

Page 17

Fund movement by type – 2022

Build1st - Building Project - 1
Restricted
Sub-total for Build1st
Decoration - IDS Decoration Lichfield
Restricted
Sub-total for Decoration
Faith-Art - Faith & Art
Designated
Sub-total for Faith-Art
Flower - Flower Fund
Restricted
Sub-total for Flower
J-Team - Pre-Secondary School
Designated
Sub-total for J-Team
JobClub - Job Club
Designated
Sub-total for JobClub
Jubilee - Jubilee
Restricted
Sub-total for Jubilee
MISSION - SHORT TERM MISSION F
Designated
Sub-total for MISSION
Maintain - Building Maintenance
Designated
Sub-total for Maintain
Organ - Organ Fund
Restricted
Sub-total for Organ
Reserves - Reserves 3 months ex
Designated
Sub-total for Reserves
Toddlers - Carers and Toddlers
Restricted
Sub-total for Toddlers
Youth - Youth Fund (R)
Restricted
Sub-total for Youth		 Opening
Incoming
Outgoing
Transfers
Gain/Loss
Closing
9,176
7,292
(986)
—
—
17,456
9,176
7,292
(986)
—
—
17,456
1,500
62
—
250
—
1,812
1,500
62
—
250
—
1,812
200
—
—
—
—
200
200
—
—
—
—
200
53
—
—
—
—
53
53
—
—
—
—
53
—
42
—
—
—
42
—
42
—
—
—
42
98
—
—
—
—
98
98
—
—
—
—
98
—
400
381
—
—
18
—
400
381
—
—
18
1,867
—
719
—
—
1,147
1,867
—
719
—
—
1,147
1,142
—
—
—
—
1,142
1,142
—
—
—
—
1,142
6,967
—
—
—
—
6,967
6,967
—
—
—
—
6,967
30,000
—
—
—
—
30,000
30,000
—
—
—
—
30,000
1,352
627
218
—
—
1,760
1,352
627
218
—
—
1,760
9,359
—
669
—
—
8,690
9,359
—
669
—
—
8,690

General - General fund

Page 18

Unrestricted
Sub-total for General
Grand total		 11,271
80,496
98,739
(250)
0
(7,223)
11,271
80,496
98,739
(250)
0
(7,223)
72,987
88,921
99,740
—
0
62,167

Fund movement by type - 2021

Build1st - Building Project - 1
Restricted
Sub-total for Build1st
Decoration - IDS Decoration Lichf
Restricted
Sub-total for Decoration
Faith-Art - Faith & Art
Designated
Sub-total for Faith-Art
Flower - Flower Fund
Restricted
Sub-total for Flower
Holiday - Holiday Club
Restricted
Sub-total for Holiday
J-Team - Pre-Secondary School
Designated
Sub-total for J-Team
JobClub - Job Club
Designated
Sub-total for JobClub
MISSION - SHORT TERM MISSION F
Designated
Sub-total for MISSION
Maintain - Building Maintenance
Designated
Sub-total for Maintain
Organ - Organ Fund
Restricted
Sub-total for Organ
Reserves - Reserves 3 months ex
Designated
Sub-total for Reserves
Toddlers - Carers and Toddlers
Restricted
Sub-total for Toddlers
Youth - Youth Fund (R)
Restricted
Sub-total for Youth
General - General fund
Unrestricted
Sub-total for General
Grand total		 Opening
Incoming
Outgoing
Transfers
Gain/Loss
Closing
118,037
8,485
118,477
1,131
—
9,176
118,037
8,485
118,477
1,131
—
9,176
1,187
62
—
250
—
1,500
1,187
62
—
250
—
1,500
200
—
—
—
—
200
200
—
—
—
—
200
—
53
—
—
—
53
—
53
—
—
—
53
108
—
108
—
—
—
108
—
108
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
98
—
—
—
—
98
98
—
—
—
—
98
115
—
907
2,658
—
1,867
115
—
907
2,658
—
1,867
1,337
—
195
—
—
1,142
1,337
—
195
—
—
1,142
6,967
—
—
—
—
6,967
6,967
—
—
—
—
6,967
30,000
—
—
—
—
30,000
30,000
—
—
—
—
30,000
1,121
230
—
—
—
1,352
1,121
230
—
—
—
1,352
9,384
—
24
—
—
9,359
9,384
—
24
—
—
9,359
14,212
92,921
94,768
(4,040)
2,947
11,271
14,212
92,921
94,768
(4,040)
2,947
11,271
182,768
101,753
214,481
—
2,947
72,987

Page 19

Staff Costs

2022 2021
Wages & Salaries £15,397 £12,965
Social SecurityCosts £0.00 £0.00
Average number of Employees 3 3

During the year the PCC employed an administrator, church cleaner and caretaker [all part-time] and no payments were large enough to attract social security costs.

There were no employee benefits to key management personnel in the previous or current year.

The PCC did not use the National Employment Savings Trust [Nest] via the Diocesan Payroll Scheme, for its pension payments.

COVID-19 – The PCC received £7,971 in grants from the Government related to the Furlough Scheme

Trustees’ Remuneration & Expenses

No trustees are employed by the PCC

One Trustee the incumbent has been reimbursed £53 [£138 2021] for travel and phone expenses incurred during the year

Related Parties

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

Donations from related parties [PCC members] totalled £18,140 [£18,260 2021]

Analysis of Transfer between Funds 2021

----- Start of picture text -----
Reference Debit Credit Description Fund Fund Type
Tfr to IDS Account - 250 To IDS account General Unr
Tfr to IDS Account 250 - Per Current Account Decoration Res
----- End of picture text -----

Analysis of Transfer between Funds 2021

----- Start of picture text -----
Reference Debit Credit Description Fund Fund Type
----- End of picture text -----

Reference Debit Credit Description Fund Fund Type
Per email from Phil Robertson all of Gift aid posted against To building 1st to reflect 25% of GA on donations to this
General this is 25% of gift aid donations to Building - 1,131.40 fund General Unr
Per email from Phil Robertson all of Gift aid posted against
General this is 25% of gift aid donations to Building 1,131.40 - Per General to reflect 25% of GA donations Build1st Res
Tfr from 00520537 to IDS - 250 To IDS General Unr
Tfr from General to Short term mission fund - 2,658.75 To Short term mission fund General Unr
Tfr from General to Short term mission fund 2,658.75 - Per General MISSION Des
Tfr from 00520537 to IDS 250 - Per 00520537 Decoration Res

Page 20

Fixed Assets

The PCC of Wolverhampton St Judes do not have any Fixed Assets - Tangible

Fixed Asset Investments

At 1 Jan
£		 Additions
£		 Disposals
£		 Transfers
£		 Change in
Market Value
£		 At 31 Dec
£
Unrestricted funds
CBF UK EquityFund 4.11 0.00 0.00 0.00 (0.70) 3.11
Total 4.11 0.00 0.00 0.00 (0.70) 3.11

013249001Y – CBF Church of England UK Equity Fund 013 - £3.41

Liabilities

Liabilities due within one year

2022
£		 2021
£
Agency 732 467
Total 732 467

Summary of Asset by fund 2022

Unrestricted Restricted 2022 2021
Unrestricted
General fund (7,223) — (7,223) 11,271
Designated
Building Maintenance (D) 1,142 — 1,142 1,142
Faith & Art 200 — 200 200
Job Club 98 — 98 98
Pre-Secondary School Children 42 — 42 —
Reserves 3 months expenditure 30,000 — 30,000 30,000
SHORT TERM MISSION FUND 1,147 — 1,147 1,867
Restricted
Building Project - 1st Phase — 17,456 17,456 9,176
Carers and Toddlers — 1,760 1,760 1,352
Flower Fund — 53 53 53
IDS Decoration Lichfield — 1,812 1,812 1,500
Jubilee — 18 18 —
Organ Fund — 6,967 6,967 6,967
Youth Fund (R) — 8,690 8,690 9,359

Page 21

Summary of Asset by fund 2021

Unrestricted Restricted Total 2021 Total 2020
Unrestricted
General fund 11,271 — 11,271 14,212
Designated
Building Maintenance (D) 1,142 — 1,142 1,337
Faith & Art 200 — 200 200
Job Club 98 — 98 98
Reserves 3 months expenditure 30,000 — 30,000 30,000
SHORT TERM MISSION FUND 1,867 — 1,867 115
Restricted
Building Project - 1st Phase — 9,176 9,176 118,037
Carers and Toddlers — 1,352 1,352 1,121
Flower Fund — 53 53 —
Holiday Club — — — 108
IDS Decoration Lichfield — 1,500 1,500 1,187
Organ Fund — 6,967 6,967 6,967
Youth Fund (R) — 9,359 9,359 9,384
Total 44,578 28,407 72,985 182,766

Receipts & Payments Comparatives Previous Year 2021

Receipts and endowments from:
Donations and legacies
Receipts from charitable activities
Investments
Other receipts
Total income
Payments on:
Raising funds
Payments on charitable activities
Other payments
Total payments
Net receipts / (payments) resources before transfer
Transfers
Gross transfers between funds - in
Gross transfers between funds - out
Other recognised gains / losses
Gains on revaluation, fixed assets, charity's own use
Net movement in funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total funds
Prior year
total funds
89,463
8,539
98,002
103,900
942
208
1,150
261
2,516
84
2,600
2,853
—
—
—
3,280
92,921
8,832
101,753
110,296
236
—
236
116
82,006
118,610
200,617
93,916
13,627
—
13,627
17,762
95,870
118,610
214,481
111,795
(2,949)
(109,778)
(112,727)
(1,499)
2,658
1,381
4,040
1,862
(4,040)
—
(4,040)
(1,862)
2,946
—
2,946
498
(1,384)
(108,396)
(109,781)
(1,001)
45,963
136,805
182,768
183,770
44,578
28,408
72,987
182,768

Page 22