ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) (Charity Registration Number: 1132537} ANNUAL REPORT AND ACCOUNTS For the year ended 315t December 2022
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including Sl Anne's Church, Lower Penn) ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 315T DECEMBER 202 CONTENTS Pages Annual Report for 2022 Independent Examlnerfs Report Statement of Financial ActivTtses B8lance Sheet Notes lo the Financial Statements 21
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including Sl Anne's Church, Lower Perinl ANNUAL REPORT OF THE PAROCHIAL CHURCH FOR THE YEAR ENDED 31ST DECEMBER 2022 OUNCIL Objectives and Activities The primary obleclive of the PCC Is the promotion of the Gospel of our Lord Jesus Christ according lo the doctrines and practices of the Church of England. The PCC has the responsibility of co-operation with the incumbent in promoting within the Ecclesiastical Parish of Penn the whole mission of the Church. pastoral, evangelislSc, social and ecumenical. It also ha5 responsibilities for the Church Hall and the house a1105, Brenton Road. Via the Growing Disciples Team. there is an evangelical emphasis on religious education in the Church. CouTses for Baptism & Marriage preparation, Alpha. Limng Faith. Pathway5 to Ministy and Authorised Lay Minlsty ITaining are run on a regular basis. Public Benèfit The trustees of the Charity are aware of the Charity Commission's guidan on public benefit in The Advancemenl of Religion for the Public Benefit and have had regaTd to it in theiT administration of the Charity- The trustees believe that, by promoting the work of the Church of England in the Ecclesiastical Parish of Penn il helps lo promote the whole rnission of the Church (pastoral, evangelistic, social and ecumgnicall more effectively. within the Ecclesiastical Porish. and that In doing so it provides a benefit to the public by:" Providing facilities for public wor5hlp, pastoral care and SPiTltual. mor818nd intellectual developmenL both for ils members and for anyone who wishes to benefit from what the Church offers, 8nd Promoting Christian values, and service by member$ of the Church in and to their communities, lo the benefit of individuals and society as a whole. A¢hlevements and Porforman¢e Servi¢Ès and Attendan¢ès There were 553 services of all sorts in the calendar year 2022, including 18 baptism seNices. 30 funera15 {11 at cremalorial and 12 weddings. In addition. the Vicar, together with his team of ordained staff, continued outreach and evangelism through live streams of'Thoughts for the Day.. PCC Meetin s and Oth•r Activities There were seven full meetings of the PCC during the calendaryear 2022. A further two full meetings were held during the first the months of 2023. As usual, once approved, a copy of the Minutes can be found in the folder placed on the table in the Church porch and on the Nofjce Board at the entrance lo the Oak Room. Regular annual fund-raising and social activities returned duTing the year following the disruptions and restrictions due lo Covid-19 in the previous iwo years. Fln ncial Revlew 2022 incorne from donations and legacies of £160,433 was £1,317 110/0) higher than 2021. Income from Planned Giving was £4.157 below the prior year, with an increase in cash donations from services being more than offset by lower standing order donations, bwer regular envelope donatlons and lower lax recovery on donations via the Gift Aid scheme. Income from Sundry Donations and Legacies was, in lolal. £5.474 higher than in the previous year, wlh an increase in the incorne from legacies of £17,410 being partially offset by a fall in donations relating to the church heating replacement project of £14.675 versus the prior year. as the project came to a close in 2022 and all other sundry donation incorne being £2,739 higher than in the prior year. Income from Charitable Activities of £33,546, was £7.793130Q/ol higher than in the prevlous year. following the return to twice-weekly classes for the Painting-in-Penn art group following Covld disruptions in the prior year. Income from Painling-in-Penn was £10,573 higher than in 2021. This was partially offset by lower income from the letting of the Curate's House (down £1.950 on 20211. All other income from Charitable Activitie5 was £830 lower than the prior year.
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Pennl ANNUAL REPORT OF THE PAROCHL4L CHURCH CO FOR THE YEAR ENDED 31ST DECEMBER 2022 NCIL Financial Review fconlinugd) Income from Trading Activities of £38,153 was £10,656139o/ol higher than In the previous year, as the community use of the church's facilitieslrooms increased following the Covid-lockdown in the previous year- income from donations for the use of the Oak RooTn and Church Hall increased by £8,258 10 £31,284. The annual Flower Festival and Christmas Fayre returned with income from these events increasing by £3.506. Al other income from Tradlng Activities was £1.108 lower than in 2021. Income from Investments of £341 was £328 higher than in the preceding year as inleTest rates increased. and all Other Income of £104 was equivalent to the prior year. Total incoming resources {incltJding income for designated or restricted purposes) of £232,577 was £20,09419Q/ol higher than 2021. To increase one-off giving at services. a contsclless card reader was installed at Sl Bartholomew's. The upfront costs of the equipment, as well as the recurring monthly administrative fee. lolalled £615 in the year. Costs associated with the Flower Festival & Christmas Fay lolalled £706, thus fundraising costs were in totsl £1,32112021'. nill. Costs associated with Charitable Aclivitles were £232.359- £16,016 {6V/ol lower than in 2021. The reduction in expenditure vs. 2021 is more than explained by the lower CDsls incurred on the replacement heating projects for both St Bartholomew's and St Anne's churches, which, al a combined cost of £48,126, were £21.753 lower. The Parish was grateful to the Diocese of Lichfield for the reduction in the Common Fund - thls was £14,315 lower than in the prior year, enabling the PCC to sel aside £10,000 in a Misslon Fund for future oulre8¢h activities. Church staff costs (including staff expenses) increased by £2,882111°19) in 2022 as s818ries for church staff were increased in line with the increase in the real living wage. Running Costs across all of the church's buildings were £10,884 higher Ih8n in 2021, primarily due to increases in ulilitylfuel costs. Costs associated with the maintenance of the Churchyard were £2,258 higher than in the prior year. Expenditure on the annual choir tour was £2.263 lower than in 2021. Painting-in-Penn costs increased by £4.438 due to the increased frequency of classes and newsletter pruCtiOn and distribution costs were £1,097 higher than in 2021. al £2,204. Administration costs were £1,273 higher than in the prior year. All other costs relating to Charitable Activities were £517 lower than in 2021. The church donated £11.633 to charitable and good causes1£345 more than in the premous year) as it continued to lithe gUlar giving. After many years of reflecting the property al 105 Brenton Road I'lhe Curate's House'l at a historical cost of £200.000. the property was revalued as at 31 Yt December 2022. This resulted in a revaluation gain of £148.596. Taking into account this gain, as well as the loss on liquid investment assets of £8.069, together with the excess of reSoUS expended over incoming resources for the year of £1.103, the 'Nel movement in funds, for 2022 was an increase of £139,424. represented by increases in unrestricted funds of £49,715 and capital funds of £148,596, partially offset by decrease in restricted funds of £58.887. Palntlng In Penn Palnling in Penn is considered to be an integral part of the life and acuvltles of Sl Bartholomew's and Its general activities are shown in a designated fund. SpecSfic granlsldonalions given lo Painting in Penn are recorded as reslricled ftjnds. Reserves Policy The lolals of nel assets and funds on the Balance Sheet at 31SI December, 2022 of £991,219 was £139,424 higher than a year ago. Of the total. £127.548 related lo unrestricted funds. £30.075 restricted funds. and £833.596 was capital fund, which relates lo a church hall and residential properties. the latter of which was revalued at the Balance Sheet date. It is the policy of the PCC lo maintain sufficient free reserves to cover up to 3 months of unrestricted regular expenditure covering stsff salaries, insurance and utility costs, el¢. this is equivalent lo approximate £36,000. Free reserves (excluding designated funds) at 31.12.2022 were £88.004, which is higher than the target. The trustees are comfortable that the reserves are higher than target, as giving levels are not growing significantly and expenditures continue to increase. In addition. the surplus provldes opportunity to advance the future mission activities of the church.
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn} ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCI FOR THE YEAR ENDED 31ST DECEMBER 2022 Financial Review (continued) Expenditure forecasts are based on quotsllons. ststements of work andlor best estimates. The levels of General and Designated funds are deemed appropriate to support the church's activities. The PCC is constantly aware of the fragility of 115 voluntary income. as long-standing members of the congregation leave the parish or are deceased. Giving levels are closely monitored by the PCC appropriate fund raising campaigns a launched to support major projects. Other PCC Policies The PCC maintains a number of policies regarding operational matters, including: al Child Protection Poli Safe uardin The policy sets the PCC'S concems and regards as.. lo safeguard the welfare and protection of all young people coming into the church and the church's premises. lo accept the principles of the Children Act 1989 and the recommended Church of England's policies. lo ensure the careful selection and appointrnent of those working with children and young people. A revision to the church's Safeguarding Policy was adopted in 2017 and the Parish Safeguarding Co-ordinator is an officer of the PCC. reporting regularly at PCC meetings on safeguarding matters. The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 {duty lo have due regard to House of Bishops, guidance on safeguarding children and vulnerable adults). bl Insuran Matters The PCC holds Insurance policies in respect of the buildings, their contents and liabillty cover for Church employees. officers and visltors. The Insurer is the Ecclesiastic Insurance Group through the Lichfield Diocesan scheme. Regular valuations are made followng insp&clion visits. Activities ¢arried on in the Churches, Oak Room and Church Hall are all covered for normal liabilities so long as they take place wlh the knowledge and permission of the PCC and are led by persons similarly authorised and known. Meetings held in homes of individuals, whilst on church business or church supported groups, would not usually be considered within the terms of the PCC'S policies. It is not considered appropriate lo publicise, in this roport, details of the sijms covered. c) Church Fabric All chtjrch buildings a sublecl to Inspection by our architect on a regular, five-ye8r basis l.the quinquennial report'i- This identifies work required to be done lo safeguard the buildings. Recommendations are made as lo the urgency of such work. or whether il can be done as part of 8 regular and ongoing maintenance cyde. The most recent quinquennial report identified no fabric matters requiring inmediate attention. dl Investment Polic The charity is granted power to invest in suitable investments under the PCC Powers Measure 1956 and the Trustees Act 2000. As a charlty, the Trustees have a duty of care to lake such advice as is appropriate before investments are Ljndertaken. This advice is sought from the Central Board of Finance ICCLA} in London. The charity's investment policies are based on key principles.. Ethical Investment- this includes ensuring that investments are held in companies which have hlgh stsndards of corporate govemance and act in a responsible way towards stakeholders. Long-lerm responsibilitieg the trustees are aware of their long-temi responsibilities in respect of the Re5tri¢t8d and Unrestricted reserves and as 8 SuIt follow a prudent approach lo investment declsions.
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL Ilncluding St Anne's Church. Lower Penn} ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCI FOR THE YEAR ENDED 31ST DECEMBER2022 Plans for the future The next quinquennial inspection is due in 2024, although sSgnificant material financial outlays are not anticipated. with fabri¢-relaled projects having been priorilised over recent years. The organ at Sl Bartholomew's is long-overdue 8 restoration and fund raising is underway to conth.bule to the project expenses. although the work is not expected to lake place until the Spring of 2025. Rlsk Managament The Church Wardens, Health & Safety Officer and Buildings Administrator regulady Inspect premises for potential hazards. The Health & Safety officer is a member of Ihp PCC and provides update5 on health & safety matters al each PCC meeting. We have safeguarding policies in place for child protection and forwork with vulnerable adults, including rigorous DBS checking of staff and volunteers. Our insurances are reviewed annually to ensure adequate ¢over. Structure. Govemance and Management Constitution The PCC is a Body Corporate established by the Church of England {PCC Powers Measure 1956. and the Church Representslion Rules 20061 and is a Charity registered with the Charity Commission (No.. 1132537. effective from 71h November, 20091. The PCC is governed by the Parochial Church Council Powers Measure {19561 as amended Ihat came into effect on 2nd January 1957 and the Church Representation Rules. Mambershl Members of the PCC are ex-offi¢io, ¢o-opted or elected by the Annual Parochial Meeting in accordance ¥Mth the Church Representstion Rules. The Council comprises the Incumbent. the Churchwardens, those elected to the Deanery Synod and other members who are elected al the Annual Parochial Church Meellng, by those on the Electoral Roll. The PCC members receive training from courses run by the Diocese. Members of the cOnggatIon are always urged to join the Ele¢toral Roll, and to stand for election to the PCC. The PCC members a responsible for making decisions on all matters of general concern and importance in the parish. and for 811 financial matters. The PCC meets 8t least 5 times a year. Given its responsibilities, the PCC has B number of sub committees, each dealing with a partScular asp1 of parish life. Each reports back lo the PCC with the minLJtes of their meetings. Committees The PCC operates through a Slandlng Committee and a number of key teams that are aligned to the Church's Mission Ackn'on Plan. Each team has a 'champlon' on the PCC, whose responsibillly11 is to keep the PCC updated on progress and matters arising within each team. The teams are supported by various teams and SOUrce groups to ensure that all of the Church's actlvilies are 81Sgned. planned. resoUed and communicated approprialety. The Slandin Committee is the only committee reqUId by law. 11 has the power to transact the business of the PCC between meetings. It also draws up the agenda for PCC meengS and discusses all aspects of church life. The Finance Team oversees the general financial activities of St 8art's and Sl Anne's by monlloring Income and expenditure and reviewng reserves. 11 relies on the advice given by the Treasurer and seeks to work in partnership with the Standing Committee to whom it may refer certain discussionslde¢isions. The Growin Disci les Team has the brief lo develop. support and continue the spiritual learning of the congregation. the growth in Lay Ministry within the Church. as well as identifying how people Can utllSse their gifts and talents under God's guidance. The Worshi Pr r Team's remit is to deal with matters of worship delegated by the incumbent andlor the PCC that are fell lo be within its competence. which in the past have included drawing up special servIs. distributing prayer link ernails. arranging prayer rooms and offering an overview of certain acts of worship. The Buildin ndFa ric Tearn has the responsibility of maintaining Church properties and seeing lo all programmes of repair as well as administering the various user groups that uti15se the buildings.
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church. Lower Pennl ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2022 Commillees (continued) The TransformAn Communities Team was formed to manage the inleraclion beiween the Church and the wider community as well as to administer the Church's charitable donations made from regular giving throughout the year. The Goin for Growth Team has been formed to find irnaginalive ways to encourage more people lo atlend services al Sl Bartholomew's and St Anne's churches, whilst maintaining outreach activities linking lo baptisms. funerals and fegular groups that use the church facilitS (coffee morning groups. pre-school toddlers groups. etc.). The Reachin New Generation am has been fprrned lo ensure that the PCC appreciates the wews and requirements of the Church's various youth groups to further develop and grow youth involvement in the Chur¢h. Administrative Information The eGclesiaslical parish of Penn, which is part of the Diocese of Lichfield within the Church of England, covers some four square miles and has a tot81 eslim81ed population ol over 11.000. It includes most of the suburb of Penn in the City of Wolverhampton plus Lower Penn and Penn Common in the Dislricl of South Staffordshire. There are churches in the parish.. St Bartholomew's Sn Church Hill, Penn and St Anne's in Sprfnghlll Lane. Lower Penn. Contact Details The correspondence address is St Bartholomew's Church, Parish Office. 57 Church Hill, Pgnn, Wolverhampton, WV4 5JB. The Parish Office telephone number is 01902 576809 (Sue Cole). Email- stbatts enn 00 lemail.com. Website address- www.stbarts.or .uk Members and Officers of the Parochial Church Counell - from 1st January 2022 to the date this report was approved lor for part of that period where indlcatedl are: Incumbent (ex officioj.. The Reverend Prebend8ry Ben Whitfnore (Chairman} Asswate Ministers (ex officio)-' The Reverend Roberta Maxfield The Reverend Alison stOr Churchwardens (ex offKio).' Mrs Anne Edwards Mrs Catherine Pugh Mr Steve Humphries (trainee Church Warden) - eleGtsd 01.05.22 - r8lffr8d 01.05.22 Representatives on Deanery Synod (ex offIC).' Mr Jon Norden Mr Richard Pilhers Mr Mall Wragg - retired 23.04.23 Elected members.. Mrs Charlie Nobbs Isecretaryl Mr Daniel Owen ISe¢relary) Mr Dean PIowrn8n {Treasurerl Mr Paul Beeston Mrs Clair Brightman Ms Cheryl Caddick Mr Neil Hazlehurst Mrs Zoe Millard Mrs Maggie Perry Mrs Janel Shackleton Mrs Aison Litlkford - tIred 01.05.22 - Co-opted 07.06.22 elected 01.05.22 - elected 23.04.23 - dece8sed January 2022 - r8tlr8d 23.04.23 The Bankers and Independent Examiners of the PCC are: Bankers." Co-operative Bank plc., PO Box 250. Skelmgrsdale, WN6 8. Independent Examiners.. Lichfield Diocese Board of Finance, St Mary's H(yJse. The Close. Lichfield. Staffordshire. WS13 7LD. Approve hc Parochlal Church Councll on October 29th 2023. ond slgned on Its behaN by: Reverend Prebendary & N. Ijvhltmo {Chalrmanl
Independent Examinerfs report to the trustees/members of The PCC of Penn Registered charity number: 1132537 I report on the accounts for the year ended 31" December 2022 which are set out on the following pages. Res ectlve 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 thi5 year under Section 144 of the Charities Act 2011 Ithe Charities Act) and that an independent examination is needed. It is my re5pon5ibility to examine the accounts under sectlon 145 of the Charities Art, 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 Examinerfs Statement My examination was carried out in accordance with the General 01ctiOnS 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 matter5. The procedures undertaken do not provide all the evidence that wotjld 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 Sn the statement below. Inde endent Examlner'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 respert.. accounting records were not kept in accordance with section 130 of the Charities Act or the accounts do not accord with the accounting records the accounts do not comply with the applicable requirement5 concerning the form and content of accounts set out in the Charities (Accounts and Report51 Regulations 2008 other than any requirement that the accounts sive a true and fair view which is not a matter considered as part of an independent examination. I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a pmper understanding of the accounts to be reached. 2011112023 Signed= Jonath Hill FCMA CGMA Lichfield Diocesan Board of Finan St Marys House, The Close, Lichfield. WS13 7LD Date-
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church. Lower Penn) STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31st December 2022 Total Funds 2022 Totsl Funds 2021 Unrestricted Re$lricted Capltal Fund Fun05 Funds Note Incomln resources Donath?ns and Legacies 21al 152.775 7,658 160,433 159,118 Income from charitab Aetivitiès 21bl 33,546 33.546 25.753 oth8r Trdding Activities 21¢) 38,143 10 38,153 27,497 Investments 21dl 258 83 341 13 Other Incoma 21el 104 104 104 Totallneoming resources 224.826 7,751 232,577 212,483 Resources ex ended Raising Funds 31al 1.321 1,321 Expenditurè on Charitablè Advlles 3(bl 225,237 7.122 232,359 248,375 Totèl rasoure•s •xp•ndad 226.558 7,122 233,680 248,375 GalnsllLosses} on flxed 8958ts: On dSsposal of investments On revaluation of investments 41bl 16.1941 11,8751 148,596 140,527 7,392 Net In¢omlng I lout9olngl resourcts for the year before transfèrs 17,9261 11,2461 148.596 139,424 128,5001 Transfers between fund$ 71¢) 57.645 157,6451 Net movement of funds 49.719 158,8911 148,598 139,424 128.5001 Balances trfought forward at beginnlng ol year 77.833 88,962 685,000 851,795 880,295 BalanGes ¢arrled forward at end of year 127.552 30,071 833,596 991,219 851,795
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) Règistered Charlty Nurnber 1132537 BALANCE SHEET as at 31st December 2022 31.12.22 31.12.21 Note Flxed assots- Tangible fixe<l assets Investment assets 41al 41bl 833.596 74.679 685,000 82,747 rotaifixedassets 908,275 767,747 Currènt assets: Debl()rs and pp8yrnents Cash al bank 8nd in hand 51al Slbl 10,129 96,533 9.339 94,925 Tofal ¢urent assets 106,662 104.264 Liabilitres: amounts due wlthln one year 23.718 20,216 Net current assets 82,944 84,048 TOTAL NET ASSETS 991.219 851.7g5 Represented by.. FUNDS Unrestricted Fynds: General Fund Designalsd Funds 71al 71bl 88.004 39.544 50.157 27.676 127,S48 77,833 Reslrlcted Funds 30,075 88.962 Totallncome Funds 157,623 166.795 Capital Fund 71dl 833.596 685.000 991.219 851,795 Approved bythe Parochial Church Council on Octobor 29 , 2023and signed on rts behalf by: Reverend Prebendary B.N. Whllmore Ichalrmanl The notes on pages 9 to 21 form part of these financial statements.
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL {including St Anne's Church. Lower Penn) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2022 1 ACCOUNTING POLICIES lal Basls of preparatlon of the financl81 statsm&nts The fnancial staternents have been prepared urter the Charities A¢1 2011 in accor¢an¢e wth the Church A¢countr"ng Regulat8 2006 togelh8r wilh applicable accounting standard5 the Stalern6nt of Rècommendod Pr8etice IFRS 1021 "Acewnling an¢ Reporiing by Charitie8" I"SORP 2015.1. The financial statemen15 have been wepared Uer the historl¢al $t ¢onvention. except for the revalualK)n of freehold propertie5 and investment assets a5 indicated in mte 1lel. The fin2ncial statements include 811 transactions, asse15 and liabilities for whh th6 PCC is re5wnsible in law. They do not include the details or Iran$a¢lions of ¢hur¢h groups that owe their main affiliation to anolhw body. It is considered that there are Tr) informal groups within Ihe parish whose X¢OLmls Shou Incorporated wilhin these financial stslemenls. An exception is made for"Painting in Penn. which is considered to be an integra pari of the life and activities of St. BarthQMe$. The Ch8rity has taken advantage of the exemption in FRS102 from reqJireTneni 10 produce a cash flow sialemeni on the grounds that the income does not ex¢eed É500,000. There are no maierial uwtainlies related to events u condiliors that cast significantdwbt on the Charitl5 ability to conlinue as 2 going concern. Tfwe may be minor discrepanues in the tot81s as the pence are not belng shown. Ibl Funds Llnreslrictedfvnds are general funds which ran be used for PCC orol'nary PLrposes. with no restridi)n reoarding I1r use. unrtricted funds may be deSnated for a particular purpose by the PCC. All transfers to designat fund5, and any re4esignation for alternative purposes of amounts prevK)usly set s$. a subject lo PCC rolUtion. Restricledfvnds represent lil incune frotn trusts or endowments which may be expended only on those re51ri¢ted objec ovided in the terrns of the trust or bequest, and lill donations or grants received for a specified object or Invit by the PCC for a specifi¢ object, whlch may be 8xpend8d only on the specific object for whi¢h Ihey were given. Any balance remaining unspent at the end of ea¢h year must be Carri forwdrd as a baance on that fund. The PCC aims to Invest these funds s8parat8ly froffl its free reserves. bul not reSSarilY lo hold specific investment5 for each fund. For inve51tnents not specifically relating to a particulgr fund, interest and divicsends are apportion8d to in(Jividual fund5 on an average balance basis. Icl Incoming resourGes Planned gwing. ¢olle¢tions and donations are recognised only when received by or on behafof the PCC. Income Tax recoverable on Gift Aid donations is re¢ognised in the same ye8r as Ihe gwing to which it relates. Divvjends arf Interest are CoUnted for when recewable,. no sh iome is received under deduction of tax. contribu1$ made by cornmunty groups for the use of church pranises are account8d foi when r8c&ved. Income generated from fund-raisiry activitie5 linc1Ing the sale of books and other iternsl is reportts gross. Idl Resources expended Grants and donations to missK)ns and charities, etc., a accounted for when paid over, or when Ihe relevant income 1$ designated by the PCC if earlw. The parish Share of the diocesan budget is accounted for when due. Any arrears carried brward with the agreernent of tt)e (liocesan authorities are deducte(J in arriving at the arnounl chargecs in the accounts. All other expenditure is generally rewn1S when il is incurred and 15 accounted for oross.
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2022 I ACCOUNTING POLICIES {continued} (el Fixed 4ssets fi? consecra 18fr7d and t)uildin9s. beneficeKwerty anLI movable church ruMng$ Consecrated lanLJ and buildiws and benefice propty are excluded from these fina181 $lalemenls in a¢coréan¢ewith section 1012llal of the Charities Act 2011. No value Is pl8eed in these financial Slatements on mOVae church furnishirGs by the ¢hur¢hwardens speaal trust for the PCC and wh¢h require a faculty for disposal, since the PCC consideTS this lo be inJiÈnable property. All eyndilure Incurre(l on consecrated or benefice buildiws and rnovable church furnishlngs (whether maintenance or Improvemenii is written off 25 expeThliture in the Ststernent of Financia Actr¥ilies and separately disclosed. The PCC owns a church hall and 2 resldenlia properiies Isee note 4 of the &counisl. As a specialised bU11ng. the hall is valued 8190/0 of its insured vaue. The residential proprety in BTenlon RO has been revalued at 31st December 20T2 bas&1 on the ¢haffje in the Nationwide HoLEe Price Index. (iij OtlJsrfreeholdproperti8S These financia Statements include all non-¢onsecraterJ freefol¢ properties for which the PCC is resky)nsible, includir¥J those for which the Lichfield Diocesan Trust is the custodian trustee arf legal owner. Each propèrty is shown al its current value to to the PCC. whlch Is detemlinJ IndUallY as stated in noie 4lal ar re-assessed annually. (iii) Ollw fixlures. and office equipment The policy of the PCC iq that all expendlture on fixtures. Illlngs and office equlpment is written off when any such a5sel 15 acquired. However. an exception is made in the case of eouipment purchased for use bygroups in the Oak Room and Church Hall. which is capiiali5ed al Cost ar¥J detYe¢iated tsn a 5traiqht4irE basi5 at 150/D per annum. (ivj Inestments Traidcr8ft shares Ifor whi¢h a market value is not readily avaable) are includecl In the a¢roun15 al their original c05t. other Investrnenls are valued at thelr market value as at the end of the current year. REalised gains lor1055e51 are recognised when investments are sold. Unrealised gains lor losse51 are accounted for on revaluatron of inveslrnents at the ye8r end. lfj Current assets Arnounts owiru to the PCC (including lax recoverable, but not yet refund, on Gift Aid giving) are shown as debtors. A ¢al¢ulion i% m&1e for expenses relaliNJ to futu periods Ihal have been ptid in advance. Igl Ligbrlities Amwnts owlng by the PCC (for expenditure incurred and for donabons or grants approved 3j allocated but not yet paid) are induded as fftdiiors. Any amount of Ihe parish share remaining Unpa at the year er is 8150 provid for a5 an LyeratDl Ithough ml a legs11 liability and Inclu as a creditor. Expenses which arise on a periodic basis ¥e accrued for by apportionment or estimation, ac£*rding to the uroumstanc&. Where goL¥Js or serwce5 have been received bJt not yet invoiced and th& exact CO$1 15 not yet known, the jlng charge is provided for on an e51imaled basis and included a5 a credilor or as an accrued expense. as appropriate. Amounts already received but which relate whclFy or partty to later perK¥Js aTe apwrtK)ned where appropriaie and shown as income received in athance. Ihl Judgemont of Estlmat5on The preparation of the fin8ncial slalements in conf£Kmity with generally accepted accounting pracbces, requi5 the trustee5 to make eslimales and assumptions that affect the reporti of assets and liathlilies. Actual results in the future could differ from those estimate5. In this regard the trustee5 bdieve thai the most significant area of judgement rdates to the vauation of I investment property, where three diffgxenl meth$ of valuation have been used. See Note 4lal. 10
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL {including St Anne's Church. Lower Pennl NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2022 2 INCOMING RESOURCES Tot81 Fund$ 2022 TotBI Fund5 G¢neral Doslgnatsd Re51r5ctsd FvTrd5 Funds Fund Fun 2021 2181 DonatlOn5 and Legacie5 Planned giving lin¢luding und¢r Gift Aid).. Standiro orders weekly envelopes Income tax recoveraÈ4e on planned gwi Cash on collection plate.. public $eryi¢es baptisms. weddings. funerals. elc. 77,411 9.753 21,595 77,411 9,753 22,237 79,638 13.921 22.908 642 6.845 4,273 6,845 4,273 5,897 2,312 Sundry donations: Church healing Choir tour fund Church hall maintenance Other donations Choir general Spe¢ifi¢ expendilwe To offset wsts of cx)flee, refreshments. etc. Flower fijnd donatkjns Church floodlighting AdLlll education Youth Club Knit & Natter St Aftne's donatio Chur¢hya 100 5.526 100 5,526 233 14A26 14,775 5,125 31 13,519 233 14.301 125 1,000 1,035 119 205 119 195 195 18 16 320 165 100 165 100 366 366 Ltgacles.. for general purp058S 17.500 17,500 90 Total Donation5 and Legaeres 152.176 160,433 159.116 11
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2022 2 INCOMING RESOURCES Icontinuedl Fun D*glytsa¢tril R•strfcted Funds Funds Total Funds 2022 Totsl Funds 2021 Gèn•ral Fun Capftai Pund 21bl Income from Charltable Actlvltles Rent5 from lelling of Curates House Fee5 for wedding services Fee5 for funeral services MoncJ8y coffee morning Painting in Penn.. fees from members. et¢. Other income 5,850 3,725 6,217 215 S.8SO 4005 9,997 215 13,017 462 7,800 4,022 10,762 280 3,780 13.017 2.444 725 21¢) Other Trading Activilies ContributnS for commLJnity use of Oak Room Contributions for community use of Church Hall contrirtiOns for community vse of St Annes Income from Flower Feslivallcraft Fair Income from Chrlstmas Falr P¥ish Magazine sales Psh Newslett¥ advertisements Cake stavBring & buy sales Income from Card sales Bookstall sales Contributions to hO5talIty services Income from other fundraisir Income from ertS Other sundry income 7.097 24.187 7.097 24.18T 4.841 18.185 1.933 3,4 1,933 3,435 1,862 650 425 260 463 88 25 260 463 98 25 2.124 10 38.137 10 21dl Investments Bank interest.. General fur¥J Interesl on CBF deposit fund account 258 83 341 13 258 2{el Other Income Wayleav851818clricity sUsta(10n, elG.I 104 104 104 Tctsl Incomlng resourc8S 207.144 17,682 7.751 232.577 212,483 12
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including Sl Anne's Church, Lower Pennl NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2022 3 RESOURCES EXPENDED un Total Furyd5 2022 Ttstal Funds General Do51grAtsd Restrfct•rt Fund FurAI* apl¢al 2021 31al Ralslng FUlS Cosb of Flower Festivavcraft Fair Costs of Christrna5 F8ir Costs of stewardship campaigns 21 21 615 615 1.321 1,321 4bl Expenditure on Charitable Activities Missionary. chtable otherGiving'. Ir(xn general ineotne Parish Share I Comrnon Fu 11,633 59,315 11,633 59.315 11.288 73.630 Other misson costs 260 376 SIthCosts'. Youth & Famlty Worker Buildings Administrat Trainee Or¢linand Parish office worker ChoirmasterslLeaders Wcarfs working expenses Visitors speakerslbcums Pastoral expenses Sub tolal c&rriedffonv¥rtf 7.958 7,958 7.349 12,033 8.076 803 12,033 8,078 803 10.710 6.441 1.538 50 100.128 100,128 111,331 13
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL lincluding St Ann&'s Church, Lower Pennl NOTES TO THE FINANCIAL STATEMENTS for the year ended 315t Decèrnber 2022 3 RESOURCES EXPENDED l¢ontlnu$dl Total Funds 2022 Total Fur1 O•iWal Fwds Ctylial und rur Funds 2021 4b) EXpendItr•On Charitable ActlvK1•6 (Confdl Sub.totalbrnughlknJrd Christian edL81Th Chn8lwD edwain-yOulhWvlrt Chdsiien edWa-adulI 100.128 111.331 1.067 368 132 139 Palnting in Penn-expen$e$ Palntlws Sn Penn-depredatlDn Penn Puppets Knit & Natt 4.66S 4M65 259 259 174 Parish offfiee thoto eopier Pdrfsh offlcg. telephOneroa(han GeTheI admintstiaiion Webslle IAtlI0ffj Syst8m Co¥1$ Indewndeffl Examlnerfs Fees 2.15 079 2.523 1.439 150 2.159 879 2,S2J 1.850 1.437 chUh gas 8,183 6218 3,685 48.126 49 1.755 8,183 6218 3,685 48.126 49 1,755 6.1 2.457 3.153 61.C62 chUh insLYance Church- m21ntenance Church- nIng¢G$IS Qeanln9 meal$ a$le ¢oll8ction Heallh & Safety Ctyts SIBart'$ chuh pair Oak nom- rurmlw coa19 Oak 0m-Clearn9 ook mom- repa 1.919 362 1,271 4.C88 2293 2293 1285 1285 564 SIAMO'S-e¢1s1ty StAMp's- insurance St AM&¥-ter StArnes-¢learfng Stkne% church paIrS 1341 737 252 214 321 n7 25Z 214 Z15 B.B17 ,65Q 3.681 616 2.243 1.137 Church Hall dEcthrity Chureh H211- knsurance Chuich Hall-wdtqr Churth Hall-CnI Chur¢h Hall- ming¢05tr Church Hall- tepal 3.681 3.708 1.952 1,V22 ChurGhyard runniweo•ts 7.572 1,346 8,91B 6,860 0ry8nigts luslc rmlrexpwges Caihedral 51 Oruan piBnll tunifKJ 7.278 1,IfJ) 7,278 1,10f 5,883 2.512 8.412 1.699 8,146 5,e83 S15 1.997 Altsrrequisite$ end Others8r¢t¢o6ts Refreshmgnts rthrth Hosprfsityartei Serv1¢96 FbwgrcosL* A11 other penSeS 01 1fj8 289 289 2,178 301 2,204 1,107 10S Brenton Road- IrAuran 10SBrnnion Rdad-maknt@narKe SBO 9$ 530 8.015 7.122 232,359 248.375 Toial r•8ourres expendad 218.543 b.01S 233,fj8Q 248.375 14
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2022 4 FIXED ASSETS Freehold IAnd EquipmBnl us84 by Painii in P•M Grani fund•d equlprnent tchurch S ReSIden41 Propertles Total 41al Tanglble fixed assèts C05t or Valuatron.. At 1st January 2022 470,QOQ 363,596 833,596 A¢oJmubted depreoialh)n.' At 1st January 2022 Charge for year At31sl December 2022 Not book value at 31st Dècember 2O2Z 470.000 383,596 833,596 Nel boc*k value at 31st December 2021 470.000 215.000 685,000 The occountiw poe$ rd8Ung to the varfous calegortes of tanglble fixed assets ara sel out In Note 1lel. The frgehofd properties a indudelt in Ihe acwunts a5 detailed in ihe fooknotes bekiw. t The Churth Hall. which is situated at Vicarage Road. Pwn. Wolvethampton. wa5 originally bullt in 1913 and has slnce been altered andlor extended sevetal times. As this is a specolised building and Ihere is no present intentson lo dispose of the prepety. no formal valu81ion has be8n obtalned. Al 31st December 2008 the hall was valued al 90Yo of its insured v8luÈ linslead of 100% as in previous years). since the PCC now recwni5es that the use of the full Sured value Iwhich b Intended to cover demolition and site clearance in addition lo rebuilding (x)5ts in the event of Ihe wmplele replaceTnenl gf the propty) may result In the overstatsmenl of the currentvalue of the exlsbng bL11r$. S The PCCS resentl propertle$ aro comprised of.. lil the freehold hwse at 105 Bton Road, Penn, Wolverhampion. This property was a({Ulr In 1984 as accL)mmodath)n for a curate but is turrenlty let on a short-lemi 18nancy. In Novemb8r 2010 the PCC agreed In prirP1a to the sale of this propertyfor the sole purpose of raising lunds forthe refurbishment cf the Church Hall. bul no 8clion has yet been taken in this respect. Having previosuly been cArrie(l ata historitAI valuation dating back to 2009, the property was revalued as at 31st December 2022 at£348,S96 in line vilh Ihe Nationwide House Price Index. and lill another fretth0 IK)use in the Penn aw bsqueath8d bya parishioner0 dled during 2008. Underthe terms of th1$ b8quesl, tsvo mambers of Ihe d8ceased's famlly have the riqhl to o)nUnue le Ilve there for as kng as they fflaywksh IduriTrJ which time they will be respon5ble for all running and maintenance e051$1. This property 1$ valued al £15,OW, whi¢h takes full account of ¢he polenlial length of lime before the PCC may be able lo obtain vacant FQSS8ssion of the propsrty, given the current age of the younger life-tenant. In view of these 5peciql circurnstances. the details cf this bequest and the location of the propertyhave not yet been publiused. The PCC have agre this polw. 15
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Pennl NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st Decembgr 2022 4 FIXED ASSETS Icontlnuedl al mark CCLA InvestmBrrt eavrtBd at allocat•d lo 8•nqral funds all¢Juledto dgsign 4lbcatsdto rStrfQd fund¥ Trnldeyaft shares Total 41bl Investment assets At 1st January 2022 Re-albcatton of InveStffn1S Gains on revaluath?n 1,746 11,0221 17S1 80,887 163,4701 11,8751 115 82,748 4,492 16,1191 18,0691 Al 31st DeGember2022 58,373 649 15,542 115 74,679 5 CURRENT ASSETS At 31.12.22 At 31.12.21 4a) Debtors and prepayments Amounts recavae Tax recoverable on givirvJ under GIftAld Prgpaymenls Credit balanS held with suppliers BalanGe with Diocesan InlerK)r Dec£Yation S¢hgne lsee also Th)te 71¢11 4,441 2.572 5,601 748 3,118 2,990 10.129 9,339 Slbl Cash at bank and In hand-2022 Unre5trlctsd De51gnated RE51rleted funds fund$ funds Totsl 2022 CBF depo8lt account The Co-operdtive Bank PLC- cuffent acwunl C8sh in ha 19.894 17233 300 6,377 13.834 26,271 69,962 300 38.895 37.427 38,895 20,211 96,533 51bl Cash at bank and In hand- 2021 Unre8trl¢ted DesIGated Reslrlcled funds tund5 funds Ttthl 2021 CBF deposit acc4)unt The Co-op8ratfve Bank PLC- current account Cash in trAnd 19,526 31,002 300 6,404 11,7e3 25.930 68,695 300 25,930 25,930 18,168 16
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including Sl Anne's Church. Lower Pennl NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2022 6 LIA8ILITIES- AMOUNTS DUE WITHIN ONE YEAR Al 31.12.22 Al 31.12.21 Agency CdleclK)ns lind. weddiry and funerRI fee5 due to LKhfield focesen Board of Finance) Sundry Gredilors payable AccTued xPenseS alvJns allocaled from 9oral incom• bul not y61 pald ovor 8.793 2,505 5.221 7.199 13.083 730 4,872 23.716 20.21$ 7 FUNDS Tht nature of each dass of fund is explained in nole 1lbl. Transfer5 belween fund5 are detaid in note 7lel. Galns rr4nsleis Ilos$•il c ISee7lell Ilx•d assw$ At 31.12.22 7181 Unrfjstrl¢t8d funds.. Gqneral 31.12.21 RQUrGVs exwAEd unrestric1J General Fund 50.157 207.144 1218.5431 55.365 88.004 71bl Unrstri¢ttd fvnd8-. dq$iun¥t8d Churchyard Fund Youth Worker Fund Church Hall Refurb Legacy Fund Mi5sh)n Fund Organ Fund Painling in P'General. Fund 18,692 1,666 11,YO1 19.Q12 t.409 539 t49 10,000 4,324 3,611 306 724 233 10,IX)D 3.561 2.979 2.760 13.017 14,6651 17.7201 27,676 17.676 18,015} 2.280 175) 39,543 Fund descripIDn'. Churchyard Fund Youth Worktrr Fund Forlhtr malniènanco and vpkeepof th8 ¢hur(ya For youlh (primarily empknyrnenl c0515 a5SOGialed wlh the Youih & Familyworkerl For relurb15hmenl of Ihe church hall Hall Rèfurb Fund Legacy Fund miss Fund For major projeGts (USlY IlIdifabriG rdatedl Organ Fund Painting in Penn'G&neraf Fund Forlhe mainien8nce end upkeep of Ihe organ Forihe supp)rt of Pobillng-In-Penn lan art-bB5ed church growlcornmunityoutr*h projtrctl 17
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL {including St Anne's Church, Lower Penn NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2022 7 FUNDS Icontlnuedl Tr3nÉlo Galns RE¥QWttS IdptJilEd In I1•51 R•sourc•s Expd•d not•71•ll frA•d assols At 31.12.22 71¢) Re$trlcted fund5 J1.IZ21 Restricted Funds Sl. Anne's Church Fund Churth Healin9 Proje¢1 Choir Fund Flower Fu Knit S Naller Church Hall Palio Pew Kneelers Interior DeGoralion Fund Painting in Penn Donations Fund Parke- reLng Pgrke- Christian Educat0 Pae- Pew Bibles Park•. Hymn Books Puppels in Penn Fund 2.842 100 2,942 ie631 352 105 993 5.$32 15,8B31 105 1,072 62 602 3.506 3.115 175 12591 602 3,460 2,990 1.0 19801 1201 167,3141 57,314 2,702 16,508 12 2,542 14,914 800 415 413 88.962 7.756 17,1231 157,6451 11.8751 30,075 71dl C8pllal ITrd PCC pioperfe5185 valued per ry)16 41811 685,000 148.5 Fund de5criplK>n'. Sl. Anne¥ ChLrtth Fund Fc the mainlenarKe & upkeep ol SIAnn¢'s Church F(K the Installalion of new healing sleMS al both Sl Bartholomews & SIAnne'5 churches For choircosts, inGludiNJ annual caihedTal rt$vJeniial visils For church fi0vr5 For knilllng of prayer shawls For Ihe future development of B pallgathering arpa ouiside the ChurGh Hall For reJacementof pewkneele For Ihp internal redecoration of the VIc8ra9e. FurKYs a held wilhln the Lthfield 0i0Trsan Inlet[ DecoraiiDn S¢hem&188e now 581. Annv•l bu$0$ added bylhe OKJcese are in note 2ldl. For specifiG donaiiLK15 rnade by the Painling in Penn art group For rè¥laang of 8 church wlndow lin rnemory Dfmembers of the Paike family) F(K development of Cnn51ian eduGabon wlhln the ¢hvr¢h wmmunily For the purchase of pew bib$ F(K the purchase of hymn bDok5 For wnning ¢osts for the Penn pPeteerS- a church 9roup sUPPOrtin9 yOLrth wotship ChJr¢h h8aiing pro5eci c1r Fund Fk)wtr Fund Knit & Nailer Chuich Hall patio Pew krelers Initrior Dacoraiion Fund Paintin9 in Penn OonaiK)n$ Parke reI02Ing Parke Chrisii8n Education Parke- Pew Bibks Parke- Hyffln 8ook$ Puppets in Pem Fund 18
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2022 2021 Funds lfflsl Re90Urte9 Trar*lErS Il08sEsI Dn At expended {See 7(ell fixed asset$ 31.12.2021 At Ineomlny 31.12.2020 R•soTc•S 71al Unrestricted fund$= General Unreslrfctsd General Fund 52.157 183.080 183,580 1,500 50.157 71bl Unrestricted lunds: designated Choir Fund Icar's Discretionary Fund Churd)yard Fthd Youth Worker Fund Church Hall Refurb Legacy Fund Organ Fund Painting in Penn.GeraI. Fund 1,479 11.4791 191 5.000 11,878 1.400 306 28,573 1.256 2.822 1,814 16 18.692 1.416 127,8281 723 3.561 2.979 2,305 2.444 12271 12,0601 47,722 6,579 28,056 1,452 21 27.676 ¢dSns 1 A•ur¢• Iluss•sl on At •xpÉThded Tran¥f•r4 fix8d¥ss•ls 31.12.2021 At Incornlng 31.12.2020 R¢$ource5 71cl RestriGted funds Resirieted Funds Sl. Annes Churth Fun Sl Anne's Healing Project Church Heatlng Prlect Choir Fund Flower Fund Knit & Natter Church Hall Patlo Pew Kneelers Other Specific Purp05es Inlerfor Decoration Fund Pathe- re-9lazing Parke- Christian EduealKJn Parke- Pew Bible5 Parke- Hymn 8ook5 Pupp8ts in Penn Fund Ispeafic donalionsl 2,842 2.218 6.499 1.159 823 2,842 12,2181 17.210 123,7091 5.125 18.1461 170 320 1.967 10S 993 146 602 3.4 11741 602 3,460 1,919 2,990 51.392 3.512 1e,691 896 413 11.9191 2,990 57,314 2,702 16.508 11,80DI 16931 7.722 413 95,416 22,824 48 7.413 88.961 71dl Capltal fund PCC properties las valued per note 4lall 685.000 685.000 19
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church. Lower Pennl NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2022 7 FUNDS {contlnuedl Unrnslrfctod FundB Total Fund5 2022 Total Fund5 2021 DISnall0 Funds R•slrf¢l•d FurAI Cap Fur 71el Trdnsfers been fund5 Fur AUnIS transfetred frotn ReslriGled Fund5 lo offstrt relevant expendilure charged to Ihe General Fund 55,365 2,280 157.6451 Total fr8ftslorsbert¥8 luftds 55,365 2.280 157,6451 8 lal STAFF COSTS 2022 2021 Wages and salari88, ete. 28.067 24,500 The PCC employed the folloiThJ part-llme members of stsff during the year.. a parish office secretaryladmini$iratorand a buSldlngs 8dmlnSstralor. Nellher of these individuals earned rnore than £60,000 perannum. The ameunts shown above for ge9 and salaiEs. et¢. BISD include ernployers naiK)n81 inwrance, pensbns pawnents as well as fees pahy to selfmploy8d musicLAns for they Servites as thoirleadeis. The PCC uses the Nation81 Employmentsavings TnTStINESD for ils pensEon pawments. Djring 2022 the parish e £1,051 in pension pakThent 8 Ibl RELATED PARTIES A Small Immaier&l portk)n ofth8 expenses p8ld l) the inmbeTht may have related io hls sthcas as chalrman of the PCC. Donalons from related pa68 IPCC members) totalled £12.27912021: £10,023) in the year. Icl FEES FOR EXAMINATION OF THE ACCOUNTS The Independtnt Examinerfs fe& for2022 Is £15012021.. £1501- No okn¢rfees weitr pakl to the Independent EXamIr. 9 ANALYSIS OF NET ASSETS BY FUND- 2022 Total Funds 31.12.22 Total Fund5 31.1221 G•n•ral Fund DDslynat•d Fundg RestrfGtsd Fund C•pital Fund Not• Tangible fixed assets Inveslrnenis Current se18 41al bl 833,596 833.S96 74.679 106.662 123,7181 685.000 82,747 104,264 120,2161 58.488 44.441 114,9251 15.542 23.326 18.7931 38,895 Totalnèt•ssets 39.544 30.075 833,596 851795 20
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including Sl Anne's Church. Lower Penn} NOTES TO THE FINANCIAL STATEMENTS for the year anded 31st De¢ember 2022 ANALYSIS OF NET ASSETS BY FUND- 2021 Vnrestrt•d Funth Total Total Genw41 Oeslynited RtrIthd Fund Fund$ Fund C•phal Fun Fund5 Funds 31.122021 31.12.2020 Nrat• T8noibla 8Ssets Inveilrnents 4lal 41bl 685,000 6B5,ooa 82.747 104,264 PQ,2161 685,DOO 75.356 141.881 121.9421 1.746 25,930 80.887 21.158 113,0831 Current A$8tlS 57,176 17.1331 ToialJJ•l ass•ts 50,157 27,676 88,962 685,OOD 851.795 8JO,295 10 SOFA COMPMiATIVES ly#t¢tydln9 3t"D4¢¢[nbèT.2lI Vnr¢Stil¢i¢O Rstri¢4 Fwd$ Fund$ C#pnal Fw Total Fund5 min DDnaiions and Legacies Income from Charilablg Act@S Other TradTr AcliviUes Investments Other Income Tot8lincLvningresources 136.342 25.753 27.447 13 22.774 159.116 25,753 27,497 104 212,483 189.659 22.824 Resources ex Raising Funds Expenaiiure on Ch8ni8ble A¢iivilie$ rotal resources expeftded ended 211,635 211,635 36,740 36.740 248.375 248.375 Galns on fixed assgts.. On dKpos81 of iDvesim8ni$ OD N81uaiion of inveslTnenlS 7.413 7,392 N•1 Incornlng I loulgoSngl resources forthp year bgforg transfers 21.997 6.503 28.500 Transfer5 b8lw8en funds 48 N•t fflOVOrnBnl of funds 122.0461 16,4541 128,5001 Bae3 brought forward al b2ginning ofye 99.879 95.418 685.000 880,295 al•rt0 carrf•d forward 8¢ond of year 88.962 685.000 651.795