Annual Report and Financial Statements of the Parochial
Church Council of The Parish of St Jude's
st
For the year ended 31 December 2024
Registered Charity Number 1132485
Page I

DIOCESE OF
LICHFIELD
Come follow Christ in the footsteps of St Chad
The Parochial Church Council of St Jude's
st
Trustees, Annual Report for the year ended 31 December 2024
Charity registration number 1132485
Ob'ectives and Activities
The Parochial Church Council of Wolverhampton St Jude's Ithe PCCI has the responsibility of co-operating with the incumbent;
however, the Parish is in vacancy at present, 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 comrnitted 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 Comrnission'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 prornote the whole mission of
the Church (pastoral, evangelistic, Social and ecumenicall 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 Parochial Church Council of Wolverhampton 5t Jude (the PCCI being the main decision maker of the Parish of Wolverhampton
St Jude eletted it'5 lay members at the Annual Parochial Church Meeting of 14th April 2024.
The church of St Jude'5. Wolverhampton has been in vacancy i.e., without an incumbent since August 2023.
The PCCS powers and duties are defined by legislation and can principally be found in the Parochial Church Councils (Powers)
Measure 1956. Its members are clergy (until the previou5 incumbent'5 retirement in August 20231, churchwardens and other
members on the Electoral Roll of Stjude's Church at the time of the APCM.
The PCC is responsible, along with any incumbent, to promote the mission of God, pastoral. evangelical, social, and ecumenical in
the Parish of Wolverhampton Stjude.
The PCC is responsible for the finances of the Parish. It is ultimately responsible for the care and maintenance of all church buildings
and their contents.
The PCC is crucial in deciding & delivering the forms of Service used by the church. The PCC of Wolverhampton St Jude is a registered
charity with the Charity Commission Inumber 11324851. Every member of the PCC 15 registered as a charity trustee and is aware of
the Charity Commission's guidance on public benefit in the Advancement of Religion for the Public Benefit in providing facilities for
public worship and promoting Christian value5 and service by church members in and to the communities in which they live to the
Puge 2

benefit of both individuals and the wider society. All new PCC members receive The Essential Trustee Guide, issued by the Charity
Commission and a copy of the financial procedures as approved by the PCC to ensure they are aware of the controls in place.
The PCC takes their (Safeguarding) duty of care for the protection of the vulnerable in their church community seriously with
Safeguarding being a standing item of PCC business with an appropriately experienced designated lay Parish Safeguarding Officer
nd regularly reviewed parish safeguarding policy.
PCC Activity during 2024.
The PCC is comprised of seven ordinary members with the two Wardens & Parish Safeguarding Officer ex-officio members. (An
eighth PCC was member was elected to post at the end of 2024 in order to facilitate the recruitment of the new incumbentl.
The PCC met 12 times during 2024 and currently meets on the second Monday, monthly. Detailed minutes are produced for each
PCC meeting, amended. and agreedl signed at the next meeting.
The PCC has only one Deanery Synod representative since the APCM who is invited to attend the Deanery Synod every quarter and
has contributed to the Diocesan Shaping for Mission project which appears to have lost rnomentum.
Staff.
There was a Lay Reader, John Welsby. who left in August 2024 and there is an Authorised Lay Minister, Amita Sudra.
There are two Church Wardens, Pradip Sudra & Simon Fenner.
The PCC employs paid staff - a part-time secretary, cleaner, and Verger.
In 2024, there are weekly lunminutedl Management staff meetings comprising both Wardens, Lay Reader (until his departure) and
Parish Secretary.
Services.
There is a Worship service every Sunday morning at 10-30 and is a mixture of Holy Communion, Morning Worship Iduring which
Primary School age children leave the service after the first song to receive their own instruction) & Worship Together (Primary
School age children included). Orders of Service and News Sheets are posted to people who feel unable to attend (mainly due to ill
health).
During our vacancy, the service scripture passages have been following the Church of England ICOE) lettionary closely.
Previously Holy Communion was provided approximately twice a Month with the sacraments offered combined by intintture. Now
the sacrament5 are offered as separate elements in accordance with Diocesan guidance. During our vacancy the PCC/ Wardens aim
to provide a service of Holy Communion at least once a month though Holy Communion Services were only delivered on eight
Sunday5 in 2024.
Prayer Meetings.
Prayer meetings take place every week on Saturday mornings, and every month on Wednesday evenings. They are attended by a
con5i5tent few.
Electoral Roll Membership and servi￿ 5tat15tics {20243}.
The Electoral Roll was steady compared to 2023 at 118. Usual Sunday Attendance in 2024 was 81 adults and 18 under 165.
There were three baptisms, no confirmations. one wedding with no dedication5 after a civil ceremony. and six funerals.
Children and Families Work.
J Team during 10.30am Sunday Services - Primary school oged children.
J team is our 'Sunday school, for primary school aged children. Numbers vary with some weeks having 20 children attending and an
average of 13 children which has increased since the previous year. We have 3 good core team, with Mark, Linda and Temi leading
the sessions and a committed group of helpers. Due to the needs of the group and safeguarding practice, three adults are needed
each Sunday.
Each week the Roots teaching materials are used which follow the lectionary plan so that they are learning about the same passage
of scripture as the rest of the congregation.
Poge 3

Schools work.
The Church tries to maintain contact with three schools in the church's immediate vicinity (St Peter's Collegiate Academy, St Jude'5
Primary Academy and St Andrew's Church of England Primary School Inot in Parishl. There is no meaningful contact with two others
within the Parish Iwolverhampton Girls, High School and Newbridge Preparatory School- both private schools).
Since our vacancy the PCC has nominated PCC members to maintain contact with the previously mentioned three schools. All these
schools have had classes of pupils visit St Jude's in the last year. Two (St Jude's Primary & St Peter's both with Chaplains) have had/
been involved with service5 at Jude's Church,
Up until the Autumn terrn of 2024-25 the nominated PCC contact for at St Jude's Primary Academy had been leading/ contributing
to fortnightly morning Iworshipl assemblies. Towards the end of the Summer term12023-241, it became increasingly 'awkward' for
this arrangernent to be delivered in as satisfactory way. No direct input to St Jude's Primary Academy morning assemblies has taken
place since September 2024.
St Jude's PCC, as was the usual practice, bought bibles for distribution to the school leavers. However, arrangements could not
satisfactorily be made for these bibles to be presented by any representative of St Jude's PCCI Church. so they were presented by
the teaching staff.
Carers & Toddlers.
This meets weekly on Tuesday mornings (during School Term timel run by a regular group of (safeguarding trained) volunteer
helpers.
Guides, Brownies ond Roinbows.
th
Since the summer of 2016 St Jude's church and the 27 Wolverhampton 1st Jude's) Guide Unit have 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, some of whom are regular St Jude's church members) also take girls to national Guiding events.
Beovers & Cub Scouts.
During 2024, the PCC agreed to host the 5th Tettenhall Beaver & Cub Scout group on Wednesday evenings.
Pastoral Care.
Pastoral support.
The church family are a caring community, offering ad hoc home visiting. A voluntary diary of church member birthdays is kept &
used to notel celebrate church member birthdays.
Some of the people who feel unable to return to church receive service and prayer sheets either by hand or postal delivery.
The Prayer Chain has remained in operation throughout the year.
Prayer is an ab501ute key activity, and an updated Prayer Diary has been produced & distributed to th05e church members who
have 'promised' to pray for others and also areas Wlthin the Parish.
A special prayer box at the back of church is provided for (anonymous prayer request51. It's use by church members is encouraged.
It is used regularly. Prayers left in the box are read/ shared at the Saturday morning Prayer meeting for at least four weeks before
being destroyed.
A prayer corner for individuals to be prayed for, or with, by two others in private has been reintroduced at Communion Services.
There is inforrnal networking of individuals outside of services offering both practical & spiritual support.
Since Covid. visiting Care Homes within the Parish has not been re-instituted, obviously not helped by being in vacancy.
House Group5
There are a lirnited number of long established semi-autonomou5 groups that meet regularly during the week.
The PCC are minded to try to increase numbers of group5 & attendees as it is seen as a great way to increase faith & discipleship.
Occasional Leoders and Preochers Group
This group was established in 2019 by the previous incumbent and PCC in line with an initiative from Bishop Michael to encourage
lay participation in leading and preaching during Worship Services. The group was led by John Welsby, our Reader, though since hi5
departure it is led by Amita Sudra, our Lay Minister. Currently, there are eleven participants in the group. It meets, approximately
four times a year to support participants in developing their gifts. Member5 participate in delivering Sunday Services by way of
either leading or preaching. The aim that this is not more frequent than once every two months. Feedback 15 given. Recently, it has
Page 4

been the forum through which Morning Worship Templates have been produced that closely follow the Book of Common Worship.
Cuppa 'n' Cake
This is a monthly 'Afternoon Tea, fellowship meeting in our church hall open to anyone but without an explicit evangelical basis.
Evangelism activities
The PCC has supported the provision of courses to help people discover more about Jesus. This was the 'Lift ofjesus, course. Lent
lunches have again been provided in 2024 with recorded talks by J John IFocing the Canonl being shown.
Support of other Christian Mission
We continue to set aside IO% 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 IO% 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.
The PCC conducts an annual review of the Mission Partners we support. The PCC currently supports.. Wolverhampton Well,. Little
Brothers of the Good Shepherd- PCF Romania Project- Tearfund,. The Leprosy Mission; Barnabas Aid Ithis was stopped in February
2025 and substituted with Open Doorsl; Hope From Above- and 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).
Use of our buildings by the community
Our reasonably well-equipped church hall is let to community groups (Alcoholics Anonymous, Howling Wolve5 Community Choir,
Wolverhampton Music Service) and private individuals.
The main church has been used twice in 2023 for music/ choral concerts as well as for school services.
Fabric report
The architect's quinquennial survey of the building fabric was carried out in 2022.
The PCC manages the day-to-day maintenance of church property and grounds.
Work in 2024 included..
Ongoing maintenance & repairs to the church heating system including the boilers.
Replacement/ maintenance of audio-visual & internet IWi-Fil capabilities for church services.
Ongoing roof repairs- Junction of nave/ transept roof over music area; church hall corridor porch; toilet block.
Installation of a new urinal for the male toilet.
Testing of lightening protection.
Testing of fire extinguishers.
Church Hall dishwasher replacement.
Renewal of fence panels at the rear of church.
Protection of our church organ from ingress of wall plaster debris.
Replacement of water boiler for the servery at the back of church.
The PCC'S priorities for repairs in 2025-26 include=
Ongoing plasterwork repairs IParish Room, Main Church)
Ongoing maintenance of church heating system (boilers).
Rainwater drainage inspection + repair.
Repairl replacement of Baptistry water heatingl pump.
Commitment to moving to a more carbon neutral church e.g. solar panels, EV charging points. move to electric church
heating.
Installing contactle55 donation capability in church.
Investigate & effect repair51 stabili5ation of Structural issues with Parish Rom external porch.
Page 5

Flnancial Review
Net total assets- £ 68,689 20241£67.140 20231
Excess- £1,548 - Unrestricted Deficit'.1£4,6621 Restricted Excess.. £6,211
IExcess - £4,972 20231
Overall Income has increased from £103,541 2023 to £103,720. The most notable differences being reduction5 in QIOI Gift Aid
collections, 0601 Tax recoverable and 1101 Fees for Weddings & Funerals There have been increases in 1230 Church Hall lettings.
Expenditure has increased from £98,568 to £102,171. The most notable differences boing reductions in 2310 Telephones. There
were increases in 2440 Heating and Lighting when comparing to the old codes 2401 and 2410. 2360 Adrninistration and 2330 Day
to Day Maintenance & Repairs..
The Incurnbent and Churchwardens Trust is held separately from the PCC of Wolverhampton Stjude's-the Trust was set up to help
with work of Stjude's Church and decisions are made by the current Incumbent and Church Wardens. Onlythe income can be used
which is the reason the capital is held within Trust Number- TN217.
Total net assets- £549,368 20241£514,118 20231- which includes 21 St Jude's Road a house which is rented and has a Fixed asset
value of £230.960 20241£214,265 20231
The remainder are Stocks and share investments-
CB3008467- £145,403 20241£142,149 20231- held in Trust with LDBF- TN217
CB3008391- £70,745 20241£66,578 2023]- held in Trust with LDBF-TN217
CB3008411- £43.755 20241£43,513 20231- held in Trust with LDBF-TN217
Bank Current account holds £28,503 20241£27,288 20231
£30,000 was transferred to a Fixed term deposit with Lloyds Bank- Statements have not been provided.
Excess: £10,8912024 IDeficit.'1£2,734120231
The income is derived from rental income frorn 21 St Jude's Road and dividend income from the investments held in Trust TN217.
Rental income was £9,000 Net 20241£8.050 20231. Repairs and maintenance were £6,403 20241£1.704 20231. The Dividend
incorne was £7,974 20241£7,845 20231. £15,000 was transferred to Stjude's church in 2023. There have been no transfers in 2024.
Reserves Polic
It is PCC policy to try to maintain a balance on free reserves Inet current assets) which equates to at least three months unrestricted
payments. This is equivalent to £25,106 20241£24,270 2023]. It is held to smooth out fluctuations in cash flow and to meet
ernergencies. The balance of the free reserves at the year-end were1£13.407) 2024 [1£6,452120231 but with designated funds of
£36,647 20241£31.783 20231 which includes the reserve fund of £30,000 added into the equation the reserves would be £22,945
20241£25,33120231 which is marginally lower than this target. The PCC will continue to monitor the situation but can call upon the
reserves held in the Incumbent and Church warden's trust should the need arise.
Page 6

Investment Pollc
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 ICCLAI in London.
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 3 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.
Safe
uardin
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).
Re
ortin
Serious Incidents
A Serious Incident is an adverse event, whether actual or alleged, which re5uIt5 in or risks significant harm to the charit¢s
beneficiaries, employees, office holders. volunteers or to others who come into contact with the charity through its work, loss of
the charitV'5 money or assets, damage to the charitvs property or harm to the charity's work or reputation.
The trustee5 are not aware of any Serious Incidents in the last year
Fundraisin
The PCC takes ifs fundraising re5pon5ibilities 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 Branted. The PCC takes full responsibility for
fundraising and does 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 the 55 volunteers who work so hard to make our Church a lively and vibrant
community.
Risk Mana ement
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 ongoin8. 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 budgetin& managing resources and
accounting provide a framework of control which fulfils our obligations as a charity.
Page 7

Structure Governance and Mana
ement
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 Measure119561 as amended that came into effect on 2. 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 Meetin& 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 12 times during the year.
Related Parties
There are no related parties employed by the PCC or awarded contracts for work.
Donations from Related Parties
Donations from 6 related parties [PCC members] during the year totalled £15,3601£18,290 20231. All these donations were
received without condition.
Remuneration
aid to Trustees.
None of the trustees have been paid any remuneration or received any other benefits from employment with the PCC
Ex
enses
aid to Trustees.
No trustees were reimbursed for travel and subsistence during the year or in the previou5 year.
Page 8

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: NIA
Re8iStered Charity Number-. 1132485
Charitys principal addre55: St Jude's Road Wolverhampton WV6 OLB
Correspondence address." 21A St Jude's Road Wolverhampton WV6 OLB
Website address: htt
www.achurchnear
ou.com
church
4644
PCC Members: Who Served from l January 2024 to the date this report was approved
Trustee name
Offlce Ilf anvl
Dates acted if not for whole period
Ex-officio
Mrsimon Fenner
Chairman from 3110712023
Mr Pradip Sudra
Dawn Peach
Churchwarden120221
Safeguarding Co-ordinator120231
Mr Mark Harrington
Deanery Synod Representative120231
Authorised Lay Minster120231
Amita Sudra
Elected Members
Mrs Joan Reynolds
Planned giving secretary [20221
Mr Simon Hewitt
120231
Cynthia Utete
John Wallbridge
120231
Kweku Oman Tetteh
Page 9

nk
Lloyd$ Bank PLC Queen Square Wolverhampton WVI IRF
Investment
CCLA
l Angel Ln Loridon EC4R 3A8
Managers
IndÈpendEnt
E>tarnlner
Janathan Hlll
Llrhfleld Dloce5an Board of Flnance
St Marys House. The Close. Llchfleld. WS13 7LD
Approvcd bv thc PCC on16.OJ.25 antl slBned on Its behalf by..
Pradlp Sudra
Slmon Fenner
Page 10

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, December 2024 which are set out on the following pages.
Res
ertive res
onsiblllties 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 Ithe 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 14515llbl of
the Charities Act, and
to 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 Cornmission. An examination
includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those record5. 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.
Inde
endent 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:
Lichfield Diocesan Board of Finance
St Marls House, The Close. Lichfield WS13 7LD
Page 11

The Parish of Wolverham
ton St Jude's
Notes to the Financial Statements
For the year ended 31" December 2024
Accountin
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 a5 the pence are not being shown.
The financial statements have been prepared under the historical cost convention with items recognised at cost or transattion 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 rnembers.
Cashflow Statement
The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a cashflow staternent on the grounds
that the income does not exceed £500,000.
Goin
Concern
There are no material uncertainties relate to events or conditions that cast significant doubt on the charit¢s ability to continue as a
going concern.
Accountin
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
Unrestritted funds are income funds of the PCC that are available for spending on the general purposes of the PCC, including
amount5 designated by the PCC for fixed as5et5 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..
Faith & Art- Funds set aside to work on Faith along with Art.
JobClub- Funds set aside for The Job Club group
J-Team- Work with children
Maintain- Funds set aside for Building maintenance.
Mission - Short term mission fund overdrawn at the end of 2024. Funds will be transferred from General to bring to nil
and close in 2025.
Reserves- 3 months expenditure set aside as reserves.
Restricted funds comprise of two elements:_
al income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the
trust or bequest.
bl 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.
Page 12

An explanation of purpose of each Restricted fund are as follows..
Build 1st- Specific donations for the first phase of the building project.
Decoration- For the decoration of the Vicarage held with Lichfield Diocese
Flower furbd- Specific donations for flowers in Church
Green Energy- For new heating system
Jubilee- Grant for the Jubilee celebrations. Project cornplete and at nil fund will be closed in 2025.
Organ - The PCC received a legacy of £7,000 in 2012 that was to be used for upgrading of the Organ but not routine
maintenance.
Carers & Toddlers- This is outreach work using the facilities of St Jude's and continues to be self-funding.
Youth Fund- This is for all work with secondary school aged young people. Including Sunday Youth, Friday Youth Club
subs and equipment.
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 Stjude's does not hold any Endowment funds.
Incomin
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 incorning 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 Ex
ended
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 Su
ort Costs
Support costs should be allocated between governance costs and other Support. Governance costs comprise all c05ts 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 C05t categories on a basis consistent with the use of
resources eg by allocating staff costs by time spent and other costs by their usage.
Flxed Assets
Consecrated and benefice property is not included in the accounts by s.10121{al&lCI 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 timel. 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 rate5 and methods used are 50Yo per annum.
Investment5
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 13

Creditors and Accruals
Creditors are measured at settlement amount5 le55 any trade discounts. Accruals are measured on best estimate of the amount
required to settle the obligation at the reporting date.
Page 14

The Porish of Wolverhampton StJude'5 year ending 2024
Statement of Receipts and Payments 2024
Unrestricted Designated Restricted Endowment
funds
funds
funds
funds
2024
2023
Receipts
Donations and legacies
Income frorn charitable activities
Other trading activities
Investments
Other income
Total income
86,010
1,730
5,308
854
91,319 95.038
2,585
2,711
8,978
837
9,816
5,790
96,719
7,000
103,720 103,541
Payments
Raising funds
Expenditure on charitable activities
Other expenditure
Total expenditure
193
96,054
134
5,000
106
683
434
714
101,737 97,854
96,247
5,135
789
102,171 98,568
Net income l {expenditure) resources before transfer
472
(5,136)
6,211
1,548
4,972
Transfers
Gross transfers between funds - in
Gross transfers between funds - out
other recognised gains /105ses
Gains/losses on investment assets
Gains on revaluation, fixed a55ets, charity's own use
Net movement in funds
1,518
110,2501
10,000
250
11,5191
11,768 250
111,769112501
1,309
{6.950)
11,3091
3,633
4,864
1,548
4,973
Reconciliation of funds
Total funds brought forward
16,4531
31,782
41,810
67,140 62,167
Total funds carried forward
113,403)
36,647
45,443
68,689 67,140
Page 15

Statement of assets and Ilabllltle5 2024
Class and nomlnal code
Goneral Deslgnated Restrlcted Endowment ZOZ4
2023
Flxed As5et- Investments
CB3000561.- CBF Church of Eneland UK Eoultv
Fund 013
Total
Current Asset- Cash At Bank And In Hand
00520537.. Lloyds TSB Curront Account
2001000782.. Klnedom t4ank St Judos Rosorvo
A/C
6590.. Cash In hand
6591.. Other Potty Cash
CD3000560.' CCLA Wolverhampton St Judes
IDWOLV123'. The Vlcaraae 21A St Jude.%
Total
Llablllty- Agency Accounts
SG99'. AEP.n¢y collÈctlons
Total
113.459136.647
42.489
65,679 65,060
49
49
48
300
193
300
193
300
100
2,437
d5.421
2,437 2.12.5
6B.662 67,636
113,407136,647
23
1231
1231
1231
soo
soo
Net total assets
113,4031 36,647
45.443
68.689 67.140
Approved by the pcc on 16.OJf.2025 and slgned on Its bphalf bv:
Pratllp Sudra
Slmon Fenner
Poge 16

Statement of assets and liabilities 2023
Class and nominal code
General Designated Restrlrted Endowment 2023 2022
Fixed Asset - Investments
CB3000561'. CBF Church of England UK Equity Fund 013
Total
Current Asset- Cash At Bank And In Hand
00520537- Lloyds TSB Current Account
2001000782.. Kingdorn Bank St Judes Reserve Alc
6590.. Cash in hand
6591.. Other Petty Cash
CB3000560: CCLA Wolverhampton Stjudes
IDWOLV123- The Vicarage 21A St Judes
16,5071
48
31.783
39,785
65,061 60,834
48
47
300
200
loo
300
loo
2,125
42,310
2,125 1.813
67,637 62,896
Total 16,4561
31,783
Liability- Agency Accounts
6699.. Agency collections
500
500
500
500
732
732
Total
Net total assets
{6,452)
31,783
41,810
67.141 62,167
Page 17

Analysis of receipts and payments 2024
Unrestricted Designated Restricted Endowment 2024
2023
RECEIPTS
Donations and legacies
0101- Gift Aid Collections
0201- Non Gift Aid Collections
0301- Loose plate collections
0550- Donations
0601- Tax recoverable on Gift Aid
0701- Legacies
08AI- Non-recurring one-off grants
Donations and legacies Totals
Income from charitable activities
0901- Other Income Generated
0902- Heating Weddings and Funerals
0903 - Subs paid for Clubs Holiday/JteamlYouth
1101- Fees for Weddings and Funerals
Income from charitable activities Totals
Investments
1001- Dividends
1020 - Bank and building society interest
1230 - Church hall lettings - general
Investments Totals
Receipts Grand totals
38.470
8,798
8,186
628
12,065
17.862
3,525
40
41,995 46,069
8,838
8,488
8,186
6,207
1,531
16.697
12,906 16.576
17,862
902
841
1,000
91,319 95,038
86,010
5,308
219
597
219
794
657
914
2,585
370
242
695
1,403
2,711
197
657
914
1,730
854
62
775
837
7,000
63
63
9,752
5,727
9,816
5,790
103,720 103,541
8,977
8,978
96,719
PAYMENTS
Raising funds
1720- Costs of Stewardship Campaign
1730 - Costs of Fetes & Other Events
Raising funds Totals
Expenditure on charitable activities
1801- Giving to Other Charities/Sponsorships
1910- Common Fund
2001- Salaries and Bursaries
2025 - Secretary Pension
2102 - All Other Expense Claims
2201- Parish Training and Mission
2202 - Catering
2301- Church running - insurance
2310- Telephones
2320 - Organ/Piano Tuning/Repair/Maintenance
2330- Day to Day Maintenance & Repairs
2331- Cleaning Materials&Equipment
2340- Upkeep of services
2341- Ministry Recources used in Services - Inactive
2350- Upkeep of Church yard
2360 - Administration
2362 - Photocopier Inactive use 2360
2370 - Visiting speakers / locums
2401- Church running- electric Inactive use 2440
2410 - Church running- gas - Inactive use 2440
2420- Church running- water
2440- Heating & Lighting Church
2710- Major repairs
193
193
241
434
134
134
106
106
714
714
193
5,587
37,453
18,886
662
5.587
6,758
37,453 36,718
18,886 16,955
662
560
65
104
1,159
618
214
175
4,949
4,647
871
1,263
684
11,726 8,469
296
408
1,156
816
32
3,702
4.829
1,820
65
157
348
214
4,949
871
654
7.546
296
1,156
4,180
619
4,873
619
5,500
166
460
243
243
1,572
7,557
160
188
12,405
{2501
188
12.405
12501
Page 18

Expenditure on charitable actlvltles Totals
Payments Grand totals
96,054
96,247
5,000
5,135
683
789
101,737 97,854
102,171 98,568
Fund movement by type- 2024
Fund
Buildlst
Restricted
Sub-totals
Opening
Incoming
Outgoing
Transfers
Gains/Losses
Journals
Closing
21.836
21,836
3,721
3,721
25,557
25,557
Decoration
Restricted
Sub-totals
2,125
2,125
62
62
250
250
2,437
2,437
Faith-Art
Designated
Sub-totals
200
200
200
200
Flower
Restricted
Sub-totals
53
53
53
53
Green Energy
Designated
Restricted
Sub-totals
10,000
10,000
950
10,950
950
950
10,000
Job Club
Designated
Sub-totals
98
98
98
98
J-Team
Designated
Sub-totals
42
42
300
300
12591
1259)
Jubilee
Restricted
Sub-totals
18
18
1191
119)
Maintain
Designated
Sub-totals
1,142
1,142
4,180
4,180
13,0381
(3,038)
Mission
Designated
Sub-totals
299
299
654
654
13551
1355)
Organ
Restricted
Sub-totals
6,967
6,967
6,967
6,967
Reserves
Designated
Sub-totals
30,000
30,000
30,000
30,000
Page 19

Toddlers
Restricted
Sub-totals
2,398
2,398
657
657
489
11,5001
(1,500)
1,066
1.066
Youth
Restricted
Sub-totals
8.410
8,410
8.410
8,410
General
Unrestricted
Sub-totals
16,453)
16,453)
96,719
96,719
96,247
96,247
18,7321
18,7321
136,1441
113,4021
136,1441 (13,4021
Totals
67,140
103,720
102,171
{36,144)
68,689
Fund movement by type- 2023
Fund
Buildlst
Restricted
Opening
Incoming
Outgoing
Transfers
Gains/Losses
Journals
Closing
17,456
17,456
4,380
4,380
21.836
21,836
Sub-totals
Decoration
Restricted
1,813
1,813
63
63
250
250
2,125
2.125
Sub-totals
Faith-Art
Designated
200
200
200
200
Sub-totals
Flower
Restricted
54
54
54
54
Sub-totals
Jobclub
Designated
98
98
98
98
Sub-totals
J-Team
Designated
43
43
43
43
Sub-totals
Jubilee
Restricted
19
19
19
19
Sub-totals
Maintain
Designated
1,142
1,142
1,142
1,142
Sub-totals
Mission
Designated
1,148
1,148
848
300
300
Sub-totals
Organ
Restricted
6,967
6,967
6.967
6,967
Sub-totals
Reserve5
Designated
30,000
30.000
30,000
30,000
Sub-totals
Toddler5
Page 20

Restricted
1,761
1,761
995
995
357
357
2,399
2,399
Sub-totals
Youth
Restricted
8,691
8,691
280
280
8,411
,411
Sub-totals
General
Unrestricted
17,2231
{7,2231
62,167
98,104
98,104
103,541
97,083
97,083
98,569
1250}
12501
136,7181 16,4521
(36,7181 (6,452)
{36,718)
67,141
Sub-tota15
Totals
Staff Costs
2024
2023
Wages & Salaries
Social Security Costs
Average number of
Employees
£18,822
£ 207
£16.995
83
During the year the PCC employed an administrator, church cleaner and caretaker lall part-timel and most payments were not large
enough to attract social security costs. Only the administrator's salary attracted 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 INestl via the Diocesan Payroll Scheme, for its pension payments. None
of the employees were eligible.
Trustees, Remuneration & Ex
No trustees are employed by the PCC
enses
No trustee5 were reimbursed for travel and sub5iStence during the year or in the previous year.
Related Parties
No other expenses were paid to any other PCC member. persons closely connected to them or related parties.
Donations from 6 related parties IPCC membersl totalled £15.3601£18,290 20231
Fees for the examination of the accounts
2024
2023
Independent Examinerfs
fees
150
150
Other fees- Bookkeeping
Total
1.020
1,170
800
950
Page 21

Analysis of Transfer between Funds 2024
Debit
Credit
Descriptlon
Tfr from Jubi lee to Genera I to close
Fund
Fund Type
Res
18.93
Jubil ee
18.93
Tfr from Jubi l ee to Genera I to cl ose
Tfr from C/A to IDS A/C
Tfr from Ca rers & toddl ers to General as per ema i I
25104/2024 AC
Tfr from Carers & toddlers to Genera l as per email
25
04
2024 AC
Tfr from Genera I Isa unders legacyl to Green fund des as
er ema il from PS dated 27.02.25
osted i nto 2024
Tfr from General 1Sa unders legacyl to Green fund des as
er ema i I from PS dated 27.02.25 -
osted into 2024
Tfr from C
AtolDS
Genera I
Genera I
Unr
250
Unr
1500.00
Toddlers
Res
1 500.00
Genera I
Unr
10,000.00
General
Unr
io 000.00
Green Ener
Des
250
Decoration
Res
Analysis of Transfer between Funds 2023
Debit
Credit
Description
Fund
Fund
Type
Tfr from 00520537 to IDS
account
250
General
Decoratio
Unr
Tfr from 00520537 to IDS
account
250
Res
Fixed Assets
a} Fixed Assets - Tangible
The PCC of Wolverhampton St Jude's does not have any Fixed A5set5- Tangible
bl Fixed Asset Investments
Atl
Jan
Addition
Disposal
Transfer
Change in
Market
Value
At31
Dec
Unrestricted funds
CBF UK Equity
Fund
Total
CB3000561- CBF Church of England UK Equity Fund 013- £4 20241£3 20231
Page 22

Liabilities
Liabilities due within one
ear
2024
2023
Agency
124
500
Total
124
500
Debtors
2024
2023
LDBF Vacancy
146
Total
146
*Net amount shown in the Accounts is (£23)
Poge 23

Summary of Assets by Fund 2024
Unrestrlcted
113,4031
Deslgnated
Restricted
Endowment
2024
2023
113.4031 16,453)
200
200
10,000
98
1259)
13.038}
13551
30,000
25,557
2,437
53
950
General Iunrestrittedl
Designated - Faith-Art
Designated- Green Energy
Designated - Jobclub
Designated- J-Team
Designated - Maintain
Designated - Mission
Designated - Reserves
Restricted - Buildlst
Restricted - Decoration
Restricted - Flower
Restricted - Green Energy
Restricted - Jubilee
Restricted - Organ
Restricted Toddlers
Restricted Youth
Total
200
10,000
98
12591
13,0381
1355}
30,000
98
42
1,142
299
30,000
21,836
2,125
53
25,557
2,437
53
950
18
6.967
2,398
8,410
67,140
6,967
1,066
8,410
45,443
6,967
1,066
8,410
68,689
(13.4031
36,647
Summary of Asset by fund 2023
Unrestricted
Designated Restricted
2023
2022
Unrestricted
General fund
{6.4521
16,4521
{7,2231
Designated
Building Maintenance {D}
Faith & Art
Job Club
Pre-secondary School Children
Reserve5 3 month5 expenditure
Short Term Mission
1,142
200
98
43
30,000
1.142
200
98
43
30,000
1.142
200
98
43
30,000
300
300
1.148
Restricted
Building Project- 1st Phase
Carers and Toddlers
Flower Fund
IDS Decoration Lichfield
Jubilee
Organ Fund
Youth Fund IRI
Totals
21.836
2.399
54
2,125
19
6,967
8,411
41,810
21,836
2.399
54
2,125
19
6,967
8,411
67,141
17,456
1.761
54
1,813
19
6.967
8,691
62,167
(£6.4521
31,783
Poge 24

SOFA- Receipts & Payments Comparatives
Previous Year 2023
Statement of Receipts and Payments 2023
Unrestricted Designated Restricted Endowment
2023
2022
Receipts
Donations and legacies
Income from charitable activities
Investments
Other income
Other trading activities
Total Receipts
90,659
1,717
5,728
4,380
995
63
95,039 82,199
2,712
1,139
5,791
5.584
98.104
5.438
103,541 88,921
Payments
Raising funds
Expenditure on charitable activities
Other expenditure
Total Payments
79,568
17,516
97,083
848
637
81.053 83,652
17,516 16,089
98,569 99,741
637
Excess of receipts over payments before transfer
1,020
1848)
4,800
4,973 (10,8191
Transfers..
Gross transfers between funds - in
Gross transfers between funds out
Excess of receipts over payments before other gains
Net movement in funds
250
250
250
12501 12501
4,973 110,8191
4,973 (10,820)
12501
770
771
{8481
18481
5,050
5,050
Reconciliation of funds
Excess of receipts over payments at beginning of the year
Excess of receipts over payments for the year
(7,223}
(6,4521
32,631
31,783
36,760
41,810
62,167 72,988
67,141 62,167
Page 25