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 31$t December 2023
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 2023 CONTENTS Pages Annual Report for 2023 Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 21
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 2023 Objectives and Activitigs The primary obltIVe of Ihe PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practice5 of the Church of England. The PCC has the responsibility of c04)peration with the incumbent in promoting within the Ecclesiastical Parish of Penn the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has responsibilities for the Church Hall and the house al 105, Brenton Road. Via the Growing Disciples Team, there is an evangelical emphasis on religious education in the Church. Coijrses for Baptism & Marriage preparation, Alpha, Living Faith, Pathways lo Ministry and Aulhorised Lay Ministry training are run on a regular basis. Public Benefit The trustees of the Charity are aware of the Charity Commission's guidance on public benefit in The AdVanrnent 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 ChuTch of England in the Ecclesiasttcal Parish of Penn il helps to promote the whole mission of the Church Ipasloral. 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 spiritlsal, moral and intellectual developmenl, 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 lo their communtties, to the benefrt of individuals and society as a whole. Achlevements and Perfomiance Service5 and Attendances There were 540 services of all sorts in the calendar year2023, including 157 weekend communion serVIS in St Bart's and St Anne's churches, 33 evensong services, 12 compline services, 15 baptism services, 32 funerals 127 at crematorial and 4 weddings. In addition, the Vicar, together with his team of ordained staff, continued outreach and evangelism through live slreams of 'Thoughts for the Day,. PCC Meetin s and Other Activities There were six full meetings of the PCC during the calendar year 2023. A further three full meetings were held during the first six months of 2024. As usual, once approved, a copy of the Minutes can be found in the fokler placed on the table in the Church porch and on the Notice Board al the entrance to the Oak Room. Flnancial Review 2023 income from donations and legacies of £146,894 was £13,539 18QAI lower than 2022. Income from Planned Giving was £4,922 higher than the prior year, with increases in cash donations from seNices, contactless giving, tax iecovery on donations via the Gift Aid scheme and regular envelope donations more than offsetting reductions in standing order donations. Incom8 from Sundry Donations was, in total, £6,670 lower than in the previous year and income from legacies was £11,791 below 2022. Income from Charitable Activities of £30,179, was £3,366 {10%1 lower than in the previous year. The Curate's House was only partially let throughout the year, thus rental income from the property was £3,900 lower. Service fees from weddings and funerals Icombinedl of £14,050 were £48 higher than the prior year, a5beit with lower income from wedding fees. as 8 fewer weddings look plaTr in 2023 when compared to the previous year. All other income from Charitable Actsvities was £486 above the prior year.
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 2023 FNnancial Review (continued) Income from Trading Activities of £40,616 was £2,463 {7Q/ol higherthan in the previous year, primarily due to increases in income generated from the annual Flower Festival and Christmas Fayre lup £1,868 on 20221. Income from donations ft)r the use of the Oak Room and Church Hall increased by £27 10 £31,311. All other income from Trading Activities of £2,069 was £568 higher than in 2022. Income from Investments of £842 was £501 higher than in Ihe preceding year as interest rates increased, and all Other Income of £204 was £100 higher than the prior year. Total incoming resources (including income for designated or restricted purposes) of £218.736 was £13,841 16¥01 lower than 2022. The costs assoeiated with raising funds of £1.042 were £279k lower than in the predIng year. due to a £135 increase in the costs relating to operab'ng the contactless card reader at St Bartholomew's la full year impact of the recurring monthly administration charge), more than offset by lower costs (£4141 associated with the Flower Festival & Christmas Fayre. Cost5 associated with Charitable Activities were £227,862-, £4,497 12%) lower than in 2022. Church staff costs {including staff expenses) of £35,770 were £6.849124Vo) higher in 2023 when compared to the prior year. The costs of running the church buildings (being St Bartholomew's & St Anne's Churches. together with the propety al 105 Brenlon Road) decreased by £15,737 ver5US the prior year, Primarily due lo the cost incurred in completsng the heating replacement project at St Bartholomew's church in 20221£48,1261. The Parish paid ils full Common Fund assessment to the Diocese of Lichfield of £59.315 during 2023 this was unchanged from the prior year. Costs associated with the maintenance of the Churchyard were £1,677 higher than in the prior year. Expenditure on the provision of church music (including the cost of musicians at services as well as the costs of the annual choir tour) tolalling £19,987 was £3,215 higher than in 2022. Administration costs were £737 higher than in the prior year. All other costs relating lo Charitable Acb'vities were £1,238 lower than in 2022. The church donated £10,579 to charitable and good causes as it continued to tithe regular givlng. When including the gain on liquid investment a5set5 for the year of £8.442, together with the deficit of resources expended over incoming resources for the year of £10,168, the 'Nel movement in funds, for 2023 was a decrease of £1,726 represented by decreases in unrestricted funds of £1,453 and a decrease in restricted frjnds of £273. Painting in Penn Painting in Penn is considered to be an integral part of the life and activities of St Bartholomew's and its general activities are shown in a designated fund. Specific granlsldonalions given to Painting in Penn are recorded as restriGted funds. Reserves Policy The totals of nel assets and funds on the Balance Sheet at 315t December, 2023 of £989,493 was £1,726 lower than a year ago. Of the total, £126,095 related lo unrestricted funds. £29,802 restricted funds, and £833.596 was capital nd, which relates to a church hall and residential properties. It is the policy of the PCC to maintain sufF5cient free reserves to cover up lo 3 months of unrestricted regular expenditure covering staff salaries, insurance and utility costs, elc. this is equivalent to approximately £36,000. Fe reserves {excluding designated funds) at 31.12.2023 were £84,899, 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 PTovide5 opportunity to advance the future mission activrties of the church.
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL lincluding St Anne's Church, Lower Pennl ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2023 Fin8ncial Revlew (continued) ExpendiÉure forecasts are based on quotations, statements of work andlor best estimates. The levels of General and Designated funds are deemed appropriate to support the church's activits"es. The PCC is constantly aware of the fragility of its voluntary income, as long-stsnding members of the congregation leave the parish or are deaged. Giving levels are closely monitored by the PCC and appropriate fund raising campaigns are launched to SUPFK)rt major projects. Other PCC Polieiès The PCC maintains a number of policies regarding operational matters, including.. al Child Protection Poli Safe uardin The policy sets the PCC'S concerns and regards as.. to safeguard the welfare and protection of all young people coming into the church and the church's premises. to accept the principles of the Children Act 1989 and the recommended Church of England's wlicies. to ensure the careful selection and appointment of those working wrth children and young people. A revision to the church's Safeguarding Policy was adopted in 2017 and the Parish Safeguarding Co-ordinator is an offir of the PCC, reporting regularly at PCC meetings on safeguarding mallers. The PCC believe they have lulfflled 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 adullsl. bl Insurance Matters The PCC holds insurance policies in respect of the buildings, their contents and liability cover for Church employees. officers and visitors. The insurer is the Ecclesiastic Insurance GroLJP through the Lichfield Diocesan scheme. Regular valuations are made following inspection visits. Activities carried on in the ChLtrches, Oak Room and Church Hall are all covered for normal Ilabilities so long as they take place wtlh the knowledge and permission of the PCC and are led by persons similarly aulhorised and known. Meetings held in homes of individuals, whilst on church business or church supported groups. would not usually be Considered within the temis of the PCC'S policie8. It is not considered appropriate to publicise, in this report. details of the sums Govered. c) Church Fabric All church buildings are subjeGt lo inspection by our architect on a regular, ffve-year basis {"the quinquennial reporfl. This identifies work required to be done to safeguard the buildings. Recommendations are made as to the urgency of such work, or whether il can be done as part of a regular and ongoing maintenance cycle. The most recent quinquennial report identified no fabriG matters requiring imrnediale attention. dl Investment Polic The charity is granted power to invest in suitable investmenls under the PCC Powers Measure 1956 and the Trustees Act 2000. As a Chaty, the Trustees have a duty of care to lake such advice as is appropriate before investments are undertaken. This advice is sought from the Central Board of Finance (CCLA} in London. The charity's investment policies are based on iwo key principles.. Ethical InveslmÈnt- this includes ensuring that investments are held in companies which have high stsndards of corporate governance and act in a responsible way towards stskeholders. Long-lerm responsibilities the trustees are aware of their long-lerm responsibilities in respect of the Restricted and Unrestricted reserves and as a result follow a prudent approach to investment decisions.
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Pennl ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL ST FOR THE YEAR ENDED 31 DECEMBER 2023 Plans for the future The next quinquennial inspection is due in 2024, amhough significant material financial outlays are not anticipated, with fabrit-related projects having been prioritised over recent years. The organ at St Bartholomew's is long-overdue a restoration and fund raising is underway to contribute to the project expenses, although the work is not expected to take place until the first quarter of 2025. Risk Management The Church Wardens, Health & Safety Officer and Buildings Administrator regularfy inspect premises for potential hazards. The Health & Safety officer is a member of the PCC and provides updates on health & safely matters at each PCC meeting. We have safeguarding policies in place forchild protection and forwork with vulnerable adults, in¢luding rigorou5 DBS checking of staff and volunteers. Our insUranS are reviewed annually to ensure adequate cover. structure, Governance and Management Constitution The PCC is a Body Corporate established by the Church of England {PCC Powers Measure 1956, and the Church Representstion Rules 20061 and is a Charty registered with the Charity Commission INO.. 1132537, effective from Pb November, 2009). The PCC is govemed by the Parochial Church Council Powers Measure {1956} as amended that came into effect on 2nd January 1957 and the Church Representation Rules. Membershi Members of the PCC are ex-officio, co-opted or elected by the Annual Parochial Meeting in accordance with the Church Representation Rules. The Council comprises the Incumbent. the Churchwardens. those elected to the Deanery Synod and other members who are elected atthe Annual Parochial Church Meeting, by those on the Electoral Roll. The PCC members receive training from courses run by the Diocese. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general COnM and importance in the parish, and for all financial matters. The PCC meets al least 5 limes a year. Given ils responsibilities, the PCC has a number of sub committees, each dealing with a particular aspect of parish life. Each reports back lo the PCC with the minutes of their meetings. Committees The PCC operates through a Standing Committee and a number of key teams that are aligned lo the Church's Mission Action Plan. Each team has a 'champion' on the PCC, whose responsibility It is to keep the PCC updated on progress and mallers arising within each team. The teams are supported by various teams and resource groups lo ensure that all of the Church's activities are aligned, planned, resourced and communicated appropriatety. The Slandin Committee is the only committee required by law. It has the power to transact the business of the PCC bebNeen meetings. 11 also draws up the agenda for PCC meetings and discusses all aspects of church life. The Finan Team oversees the general financial activities of St Bart's and St Anne's by monitoring income and expenditure and reviewing reserves. It relies on the advice given by the Treasurer and seeks to work in partnership with the Standing Committee lo whom il may refer certain discussionsldecisions. The Gmwin Disci les Team has the brief to 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 utilise their gifts and talents under God's guidance. The Worshi &Pra r Team's remrf< is to deal with matters of worship delegated by the incumbent andlor the PCC that are fell to be within its ctsmpetence, which in the past have included drawing up special senrices, distributing prayer link emails, arranging prayer rooms and offering an overview of certain acts of worship. The Buildin s and Fabric Team has the responsibility of maintaining Church properties and seeing lo all programmes of repair as well as administering the various user groups that utilise the buildings.
ST BARTHOLOFJIEWS PENN PAROCHIAL CHURCH COUNCIL lincluding St Anne's Church, Lower Pennl ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2023 Commrftees (continued) The Transfom?in Communities Team was fomed to manage the interaction betsveen 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 imaginative ways to encourage more people to attend serviGes al St Bartholomew'5 and St Anne'5 churthes, whilst maintaining outreach activities linking to baptisms, fvnerals and regular groups that use the church facilitses (coffee morning groups. pre-school IcKldlers groups, etc.). The Reachin Ivew Generations T8am has been fomied to ensure that the PCC appreciates the views and requirements of the Church's various youth groups to further develop and grow youth involvement in the Church. Administrative Inlormallon The ecclesiastical parish of Penn. which is part of the Diocese of Lichfield within the Church of England, covers some four square miles and has a total estimated population of over 11,000. It includes most of the suburb of Penn in the City of Wolverhampton plus Lower Penn and Penn Common in the District of SoLSth Staffordshire. There are bNO churches in the parish: St Bartholomew's in Church Hill, Penn and St Anne's in Springhill Lane, Lower Penn. Contact Detai15 The correspondence address is St Bartholomew's Church, Pari$h Offio, 57 Church Hill, Penn. Wolverhampton, VW4 5JB. The Parish Office telephone number is 01902 576809 (Sue Cole). Email - stbarts enn lemail.com. Website address- www.stbarts.or .uk Ibqembers and Offi¢¢ts of the Parochial Church Councll - from 1S1 January 2023 to th¢ date thi5 roport was approved (or for part of that period where indicatgd) are: Incumbent (ex offiGlOJ.' The Reverend Prebendary Ben Whilmore (Chairman) Associate ministe (ex offjcio).. The Reverend Alison Storer Churchwardens (ex officioj.. Mrs Catherine Pugh Mr Steve Humphries Mrs Anne Edwards - retirgd 14.04.24 - elected 14.04.24 Repres9ntatiS on Deanery Synod (ex officio).. Mr Richard Pithers Mr Matt Wragg Mr PaL¢I Beeston Elgcted members.. Mr Daniel Owen (Se¢retaryl Mr Dean Plowman (Treasurer) Mrs Clair Brightman Ms Cheryl Caddick Mr Neil Hazlehurst Mrs Zoe Millard Mr David Nicholls Mr David Price Mrs Janet Shackleton - relir&d 14.04.24 - elected 14.04.24 - elected 14.04.24 The Bankers and Indepersdent Examiners of the PCC are.. 8ankets.' Co-operative Bank plc., PO Box 250, Skelmersdale, WN6 8. Independent Examine.. Lichfield Diccese Board of Finan. St Mary's House, The Close, Lichfield. staffordshire. WS13 7LD. Approv Parochlal Churoh Council on October 31 , 2024. and Signed on its bghalf by". Reverend Pvebendary B. N. Whitmore (Chalmian)
Independent Examinerfs report Accounts for the year ended 31 December 2023 Respective responsibilitie5 of the Trustees and the examiner The charity's trustees are responsible for the preparation of the accounts and they consider that an audit is not required for the year under section 144121 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to.. Examine the accounts under sertion 145 of the Charities Act to follow the procedures lald down in the general dlrections Eiven by the Charity Commission (under section 145151{bl of the Charities Act, and to State whether particular matters have come to my attentlon. Basis ol the Independent Examinerfs statement My examlnation was carried out In accordance with the general directioris given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and comparison of the accounts presented with these records. It also includes COn5Lderation of any unusual items or disclosures in the accounts and seeking explanations from the trustee5 concerning such matters. The procedures undertaken do not provide all the evidence th3t would be reqUId for an audit, and consequently no opinion is given as to whether the accounts present a 'true and fairf view and the report is limited to those matters set out in the statement below. Independent examinerfs statement In connection with my examination, no material matter has cOe to my attention which gives me cause to believe that in, any material respect.. Accounting records were not kept in accordance with sertion 130 of the Charltles Act, orthe accounts do not accord with the accounting records I have come across no other matter5 in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date: 30 October 2024 Signed: Stephen Herbdy
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31st December 2023 Total Fund$ 2023 Totsl Funds 2022 Unrastrlctsd Funds Rèstrictèd Capftal Fund Fund5 Note In omln resoLtrees Donations and Legacies 21al 137,479 9,416 146.894 160.433 Income frorn Charitablè Activities 21bl 30,179 30.179 33.546 Other Trading Activities 21cl 40,616 40,616 38.153 Investments 21dl 638 204 341 Other Income 21el 204 204 104 Total incoming resources 209,116 9,620 218.736 232,577 R9Sou¢S ox ¥ndgd Raising Funds 31al 1,042 1,042 1,321 ExpendTbJre on Charitable Activities 31bl 216.532 11,330 227.862 232,359 Total rnsourcos expended 217,574 11,330 228,904 233,680 GainsllLossesl on fixod assets: On disposal of investments On revaluation of investments qbl 7.005 1,437 8,442 140,527 Net Incoming I loutgoingl resources for tha yèar b&for8 transf&rs 11.453) 12731 11.7261 139,424 Transfers bètW8èn fvnds 7{81 Net movomgnt of funds 11.453} 12731 11.7261 139.424 Balances brought foThvard at beginning of year 127,552 30,071 833.596 991.219 851,795 Balancès carried foNard at end of year 126.099 29,798 833.598 989,493 991.219
ST ARTHOLO EWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) BALANCE SHEET as at 31st December 2023 Reglstered Charlty Number 1132537 31.12.23 31.12.22 Nole Fixed assets: Tangible fixed assets Investment assets qal Albl 833.596 83,122 833,596 74,679 Total flxed assets 916,718 908,275 Current ass¢ts: Debtors and prepayments Cash at bank and in hand 11,829 76,533 10.129 96,533 51bl rot&l current assets 88.362 106.662 Llabilltie$- ¥mounts dug wlthln one year 15,587 23.718 Not curront assets 72.775 82,944 TOTAL NET ASSErs 989,493 991.219 RepreBentsd by: FUNDS Unrestrictsd Funds: General Fund Designated Fund$ 71al 71bl 84.899 41.196 88.004 39,544 126.095 127.548 Restrlcted Fund$ 71cl 29.802 30,075 Tolal Inct%ne Funds 155,897 157,623 Capital Fund 71d} 833.596 3.596 989.493 991.219 Approved by the Parochial Church Council on October 31st, 2024 and signed on its behalf by: Reveiend Prebandary B.N. Whilmore {ChaimnI The notes on pages 9 to 21 form part of the¥¢ finanelal ststements.
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 2023 I ACCOUNTING POLICIES lal Basis of preparation of the financlal statements The finallal staternent5 have been prepared underthe Charrties Act 2011 and in accordan wth the Church Accounting Regulatio5 2006 together wth appliGable accfjunting standards and the Statement of Recommended Practi IFRS 1021 "Accounting and Reporting by Charities" I'SORP 2015,1. The finan(#al statements have been prepared undei the historical cost conventyon, except for th8 revaluation of freehdd properbes and investment assets as indicated in note 1lel. The finanr#al staternents include all transaetions, assets and liabilities forwhich the PCC is sponsible in law. They do not include the detai15 or transactions of church group5 that owe their main affiliation to another body. It IS COn51deied that ther& are no infomial groups within th8 parish whose accounts should be incorpoialed within these financial 5taternents. An exptIon is made lor"Painting in Penn" which is considered to be an integral part of the life and actiwties of St. Barthok>meWs. The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a cash flow ststement on the grounds that the income does not exceed £500,000. There are no rnaterial uncertainlie5 ¥elated to event5 or condition5 that Gast signilicant doubt the Ch3rity'5 ability to cOntine as a golng concern. Tre may be minor disuepan¢ie8 in the totals as the peni are not being shtr•m. Ibl Fund5 Unreslricled funds are general funds whi¢h can be used for PCC ordinary purposes, wth no restriction regarding their use. Unre5tlSCted funds may be desi£rnal&d for a particular purpose by the PCC. All transfers to designated funds. and any re-designation lor aStemalive purpose5 cf amounts previously sel aside, are subje¢t to PCC resolution. ResEricled funds represent lil incorne from trusts or endowment5 which rnay be e)pènded only on th088 r8Stricted objects provided in the terrn5 of the IN5t or bequest, and lill donations or 9ranls reoived for a specified obje¢t or invited by the PCC for a specifi¢ object. which may be expended only on specific object for which they were given. Any balanc8 remaining unspent at the end of each year must be Carried forward as a balance on that fund. The PCC aims to invest th&se fund8 separately from its free reserves, but not necessarily to hold spec4fi¢ investments for each fund. For investments not sppofically relating to a particular fund, Inte$1 and dividerKls are apportioned to individual funds on an average balance basis. Icl Incomlng resourcos Planned giving, collections and doThations are reCognid only when receivE(I by 01 on behalf of the PCC. Incotne Tax recoverab on Gift Ak8 donations is rewgnised in the same year as the giving to which it relates. Dividends and interest are accounted for when receivab18,' no such income is re1Ve under deduction of t8 Contributions made by ¢ommunity groups for the use ol the ¢hurch premi8es are accounied forwhen rer£ived. Incorne generated from fvnd-raising actfvities lincludlng the sale of books and Other rtemsl is ported gross. Idl Resources expended Grants and donations to misslons and charities, etc., are accounted forwhen paid over. or when the relevant income is designated by the PCC if earlier. The parish share of the diocesan budget Is a¢Unted for when due. Any arrears carried forward wth the agreement of the dI0$an authorities are deducted in arriving at the amount Charged in the a¢¢ounts. All other expenditure generally Cognised when it is insu¥red and is accounted forgross.
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Pennj NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2023 1 ACCOUNTING POLICIES {continued) lel Fixed assets li) Con88cral8d land and buildings, beneThcg pmp&rty and movable chh furnishings Consecrated land afid buildings beneli¢e property are excluded frcmn these financi818taternent5 In accordan with section 1012llal of the Chartties Act 2011. No value is placed in Éhese financia statements on Movab church furnishings held by the ¢hurchwardens on special Irust for the PCC and which Quire a faculty for dispo831, since the PCC eonsvJets this to be inalienable property. All expendrf(ure in¢uT¥ed on CnseCrated or benefice buildings and movable church fumishings (whether Maintenan or improvetnentl is written off as expenditure in the Statement of Financial Aetivitie5 and 5epaialely d15c105ed. The PCC owns a church hall and 2 residentlal properties (see note 4 of the a¢countsl. As a specialised building, the hall is valued at go% of ils insured value. The residential proprely in Brenlon Rosd has been revalued at 31st Dember 2023 based on the thange in the Nati¢)nwde House Prilx Index. (IA) C%her feh0ldpoert1e$ These finan¢ial statements include all n0n-con5eated fieehold properties lor whith the PCC is responsible, including those forwhich the LichfEld Di0San Trust is the custodian trustee and legal owner. Each property is shown at its wrrent value to to the PCC, whth is detemiined individually as stated in note 418) and re-assessed annually. {iiiJ OthwfAxlums, fittings anoff6 equipmenl The poli¢y of the PCC is that all expenditure on fixture5, fittings and office equipment is written off when any such asset is acquired. HoweveT, an exception is made in the case of equipment purchased for use by group5 in the Oak Room and ChurGh Hall. which is capitalised at cost and depreclaled on a slraight-line basis al 15tsA per 8nnum. liv) Inv8stm8nts Tra¢dcraft shares IfoT whith a market vdue is ntst readly available) are induded in the a¢counls al their original c051. 1 other Investments are valued at Iheir market value as at the end of the current year. Realised gains lor lossesl 8re recognised wheH investments a sold. Unrealised gains lor10sse81 are acco¢Jnted for on revaluation of investments at the year end. lfj Currènt assets Arnounts owng to the PCC linduding tax recoverable. but aot yet fnded, on Gift giving) are shown as Ileblors. A calculation is made for eKpense5 lating to future periods that have been paid in advance. Igl Llablllties Amounts ow¢ng by the pcc (for expenditure incurred and for donations or grants approved and allocaled but not yet paid) are induded as ¢reditors. Any amount of the parish share remaining unpaid al the year end is also provided for as an operational Ithou9h not a legall liabilrty and included as 8 cr8drtor. Expenses which arise on a periodic basis are accrued for by apportionrnent or estimation, a¢¢ording (o the circumstanrs. Where goods or services have been 1Ved but not yet invold and the exact cost Is not yet known, the Outstandi[ tharge 15 provide(1 for on an estimated basis and in¢luded as a creditor or as an accrued expense, as appropriate. Arnount5 alre*ly reiVed but which relate wholly or partly to later periods a apportioned ¥vhere appropriate and shown as income E$Ved in advan. {hl Judgement of Estlmallon The preparation of the finanrAal ststemenls in confonrity with generally accepted accounting practices, requires the trustees to make estimates and asSUrnPtions that affe¢t the reporting of assets and liabilsties. Actual re5uIt5 In the futu coukl differ from those estimates. In this regard the tsustees believe that the most 8ignificant area ofjudgernent relat25 to the valuation of the inv8Stm8nt property, where three different methods ol valuation have been used. See Note 4lal. 10
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 2023 2 INCOMING RESOURCES Total Funds 2023 Total Fund5 2022 General Designated Regtrfcted Funds Funrts Capitsl FuDd Futhd 21al Donations and L8gaci88 Planned giving (Éncluding under Gift Aldl.. standing orde weekly envelopes Incorne tax recoverable on planned giving Cash on collection plate.. public services baptisrns, w8ddings, funera15, et Contacllessrfext Giwng 75,843 10,423 24,442 75.843 11,S37 24,442 77.411 9.753 22.237 1,114 8,293 3,465 1.861 8,293 3,465 1.861 6,845 4.273 Sundry donatlon6'. Church heating Choir lour fund Church hall maintenan Other donaliorls Choir general Specific expenditure To offset costs of coffeg. fre5hrnents, etc. Flowerfund donations Chur¢h floodlighting Adult education Organ Restoration donali¢)ns Knit & Natter StAnne's donats'on Churchyard 10D 5.526 233 14.426 100 1,035 119 7,005 7.005 5,358 6,358 76 1A51 262 76 1,151 262 390 390 266 913 195 49 913 165 100 366 16 16 Legacies: forgeneral purposes 5.709 6.709 17.500 Totsl Donatlon8 and Legacl 160.433 11
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 2023 2 INCOMING RESOURCES Icontinuedl Unrestrlcted Fund5 DeslgDated Rostri¢lod Fvnds Fund¥ Total Funds 20Z3 Total Funds 2022 General Fund Capltal Fund 21bl In¢rJme from Charitable AGti¥ItiÈs Rents from letting of Curates House Fees for wedding services Fees for funeral servie£s Monday coffee rnoming Painting in Penn.. fees from tnetnbers. etc. Other income 1,950 1,719 7.213 225 1.950 1.854 12,196 225 13.277 677 5,850 4,005 9,997 215 13,017 462 135 4.983 13.277 77 21cl Other Trading Activities Contributions for community use tsf Oak Room Contributions for cornmunity use of Church Hall Contributions lor Communily use of St An$ Income from Flower FestivallGratt Fair Income from Christrnas Fair Parish Magazine sales Parish Newslelter advertisements Cake stalllBring & buy sales Income trorn Gard sales Bookstall sales Contributions to hospilalily seNice5 Inco£ from other fundraising Income from conrtS 7,104 24,208 7,104 24,208 7.097 24.187 3.330 3.906 3,330 3,906 1.933 3.435 496 650 710 710 260 463 98 25 629 236 629 236 21dl Investments Bank interest.. General lund Interest on CBF d8P051t fund account 638 204 842 341 638 21el Other Income Wayleaves lelectririty sub-station, ète.) 204 204 104 Total Incoming resourees 190,627 18.488 9,620 218,736 232,577 12
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 2023 3 RESOURCES EXPENDED Utwestrl t Totsl Fund$ 2023 Yotrl Funds 2022 Genpral Fund $lgnatod Rg8trlctBd Funds Fund5 apltsl Fund 31al Raislng Funds Costs of FlowEr F8stivaWraft Fail Costs ol Christmas Falr Costs of fund raising1stewa5hiP campaign5 75 217 750 75 217 750 21 685 615 1,042 1,042 1,321 31bl Expènditurè on ¢harltablo Acllvltle$ Missionary, Chan& and other giving.. from general in¢om8 Parish Shar? I Common Fund 10,579 59.315 10,579 59.31S 11.633 59,315 260 Other m155ion costs Stsff C05ts". Buihjings Administrator Parish office worker ChoimasterslLeaders Vicars working expenses V1¢0[$ Speakersllocums P351oral expenses Sub total ¢•rried fotwèrd 9,292 15.744 8.156 2.577 9,292 15,744 8.156 2,577 7.958 12.033 8.076 803 50 100.128 105,864 105,664 13
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL lincjuding St Anne's Chuith. Lower Pennl NOTES ro THE FINANCIAL STATEMENTS for th8 yèar ended 315t D8C8mber 2023 3 RESOURCES EXPENDED Icontlnuedl Total GBnqtsl DènatBd BEclad Funds CLpNal Fund Fundg 2ts22 2023 31bl Expendknr• on CharttabloAcifve5 (Convdl Sutst0btsIfOWard christ 8ducallon edUC-youthwjrft Chri6tw educ4lon- adult 100 128 932 10 45 i.Q26 388 135 Palg PgnD-gxp8llS9S Paknkny5 in P£nn. dppr4dabDn Penn Puppets Knl&Nall81 J,550 41,665 32 70 102 259 Parishotrts photo ¢0 Parfsh0A8- IdephonwbFoJlband 2,905 851 2.679 1.403 so 2,159 879 2.523 1.439 150 851 2,679 WEb5itelAdtninLtatitsn SystErn co5 Indep&Trde Exorninerfs Fees Church- qa6 ¢butch. Éetr[(ty Church-water 7,254 8.098 8.183 6.218 8,008 3.614 13.378 20 3.083 3,614 16,99 20 4083 3.655 48.128 49 1.755 Chuich- MainnanC ¢burch- iunniD9uJsIs Cl8aning msierid$ Wasie Coledion HBaNh & Saf8tyCosiS sieart5 church IEPAL% Oak tllom- CD515 Oak room-d&anin9 Oak ts)m- rep8lra 3.618 1.671 4.317 1.671 4317 2,293 1.YJO 162 133ts 1fj2 1285 stAnDa'S-eclriCty SIAnne's-InsuraKe sIAnne.5-e[ SIAnne'S-de£ng SIAnne's- iepaTS 2.461 451 777 iiy 218 1241 737 252 214 167 218 280 chuich Hal-gas Chuich Ha-ttiCY ehuKh Hal-insuIae Chu H811-w8ter Churth H&-t1&allEng chh Ha- wnniro 3,327 6.147 4.630 3.e81 e36 fj.147 1.159 4.2V8 31 2.519 42oe 3.708 1519 1,822 yard 7.283 3,312 10,59S 8,91B Organlsls Klugie and Choexwgei cathed511$ 10.579 10.07• 806 6.693 1,109 7278 6,693 5,8e3 2,512 1,824 RestotatiDn costs AttarrequLe3 thher5ENceC]¥ Rèfreshrnertg lorchur¢h oswtsltyatter Flowerwg l oth8leXP8llS8S 734 352 352 298 188 2¥9 60 3Q Ne¥Aetter ar Llsirftthoneosts 2.42B 2,428 2,204 105 BtEThtDn Road- 105 Br¢Trt Road-counc41 lax 105 8r&ntL ROT. 631 337 4.559 631 337 4559 580 580 95 208.046 6A86 11,330 227.862 T32,359 Talal resuue1 •xpond•d 209.088 8.486 11.330 228.904 233.680 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 De¢ember 2023 4 FIXED ASSETS Equlpm•ntU8•d by Palntjn In Penn Grant t Churth * Re$identkryl Propert luTrded egulpment OtheT equlpment Totsl 41A} Tanglbl• fJx•d assets Cost ervaluation.. At 1st January 2023 470,000 363,596 833,596 Accumulated depre¢iation'. At 151 January 2023 Charge for year Al 31st DecembÈr 2023 N8t book value at 318t December 2023 470,000 363,596 833.596 Net book valu8 at 31st December 2022 470.000 363.596 833.596 Th? attounting polici85 relating lo the various calegDHaS of langibb fed a5S815 are 581 out in Nete 1181. The fr88hold properties a induded in the accoun15 as detaid in the footnotes below. t Tho Church Hall, which is situated at Vicaiage Road, Penn, Wolveihampton, was otlginally built in 1913 and has since been alteRd andlor extended several times. As this a specialised building and there is no psent intenth.on lo di5P05e ol the propety. no fomial valuation has been obtained. At 31st Dwmber 20D8 the hall was valued at 90% of its insUd value linstsad of 100Yo as in previous yeaisl, since the PCC now recognises that the se of the full insured value (which is intended to tover demolition and silÈ dearance in additlDn to rebuilding ws15 In the event of the completo ropkcernenl of th8 property) may su in the overslatemenl of Ihe W[ntValUe of the ex15ts.ng building. S The PCC'S resKlenb"al propert*$ are (x)mprised ot. lil tho freehold house at 105 Brenton Road, Penn. Wolverhampton. This property was acqui¥ed in 1984 as a¢commodatr"on foi a curate but is currenuy fet on a short-lerm tenancy. In November 2010 the PCC agreed in prinThpl8 to the sale of this property for the sole purpose of raising funds for the [Urb[shment of the Church Hall. bul no action has yet been laken in this respect. Having prewosuly been carriEd at a historical valuation dating back lo 29, the propety was revalued as al 31st Dec£mber 2022 at £348.596 in line Mrith the Nationwicle House pri Index and lill anotherIehO house in the Penn aa bequts&thed by • pari$hion•r who died during 2008. Underthe t8nns of thi8 bequest, Nvo members of thè d&c8ased's family have the right lo continue lo INe there for as lon9 8$ they may wish (during whi¢h time they will be responsible for all rnnning and maintenance costs). Thi5 property 15 valued al £15.0, whKh takes full account of the potential length of lime before the PCC may be able to obtain vacant Possession of the property. gwen the current age of the younger liftrtenanl In wew Df these special circumslan¢es. the details of this bgquest and the location of the woperty have not yel been publiLYS8d. The PCC have agr88d this poIKy. 15
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 2023 4 FIXED ASSETS (continued) Iwestmonl ried at LA invetstrnent allo¢atgd to genotxl hsnds allocated to alloratedt r•strict•d funds Trdldcrdft $h•r*¥ Total 41bl Inve$knentaB$ets At 1stJanuary 2023 Gains on revaluation 58,373 6,940 35.542 1,437 115 74,679 8A42 65 At 31st D8C8mber 2023 65.313 714 16,979 115 83,122 5 CURRENT ASSETS At 31.12.23 At 31.12.22 Slal Debtors and prepayrnents Amounts receivab Tax iecoverable on giving under Gilt Aid Prtpayments Credit balan held with suppliers Balance wth DI0$an Interior Decoratson Stheme (see also note 7lcll 4.687 1.664 2.363 3,11S 4.441 2,572 3,116 11.829 10,129 5(bl Cash at bank artd in hand . 2023 Vnrestrlctod D8slgnat8d Rostrldad funds funds fttnds Total 2023 C8F dep05rt account The copeate Bank PLC- rrent account Cash in hand 14,299 2,880 224 10,000 30,482 2.814 15.834 27,113 49.196 224 17,403 40,482 18,648 76.533 51bl Cash at bank and in hand . 2022 Unrèstrlctod D8slgnatod R¢strl¢t¢d fund5 funds ful5 Total 2Q22 CBF dewsit account The Cmperative Bank PLC- Current account Cash in hand 19,894 17,233 300 6.371 13.834 26,271 69.962 300 38.B95 37,427 38.895 20,221 96,533 16
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church. Lower Pennl NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2023 6 LIABILITIES: AMOUNTS DUE WITHIN ONE YEAR At 31.12.23 31.12.22 Agency Colle¢lions (Ind. weddity and funeral le68 to Llchfidd DSosen Uoard of Flnancel Sundry cre(ti1015 pay8bl8 Accrued expenses tJnai1ur allo¢aled from gener81 income but not ytt Pa over &621 703 4.186 2.078 8,793 2.505 5.221 7.199 15,587 23.718 7 FUNDS The nature of eath class of fund is expL8ined in note 1lbl. Transfeis between funds are d8talled In note 7lel. Galns At 31.12.22 In¢oming RewuKes Durees Transferu ISee7lell fLxed asyetS At 31.12.2J 71al Unro8trl¢ted fund8: Gen8ral expended Unresiticted General Fund 88.004 190.627 1209.0881 6.415 6,940 84,899 71bl Unr8strfctsd futyds.. deslg#atsd ChoirTour Fund Churchyard Fund Youth Wortier Fund Church Hall Refuwb Legacy Fund MIson Fund Organ Fund Palnling in Penn ertsra1. Fund 19,012 1.409 539 649 10,000 4.324 3,811 1,864 13,3121 17.564 539 714 10.000 0.970 4,923 3.270 13.277 11.6241 13.5501 18.4151 39.543 18,488 18,4861 18.4151 41.196 Fund descriplion.. Cholr Tour Fu For choir cos15. Indudlng calhe¢ral resk18nal ¥Asits Forthe m8inlenance and upkeep of Ih8 churchyard For youth worft (primarily etnployErenl cos15 a550dated wth Ihe Y(Krth & Fomitywother) For refutbishmpnl of the church hall Churthyard Fun YoLFth Worf(8r Fund all Refvrb Fund Legacy Fund mS1on Fund For malor projects (usually bl1[abriC rdatedl For mlsslDll acUvlllBS Organ Fund Pahllng Sn Penn"General Fun For the Inginlen8n(Y and upk8ep of Ihe (w58 For the swp(Kl Df Painling-iTrPpnn lan 3rt-based church grouplGotnmunMy oulrqach wol8GII 17
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne'g Church, Lower Penn} NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2023 7 FUNDS l¢tsntinuedl TransFEr ealn I¢MIn Rtt¢Ur¢è9 ldetsjl In Ik)#g•klon ndpd not71•1} 46sets At 31.12.23 71cl Rostrlcted funds 31.1122 RÈ&trfLtÈd FundÈ Sl. Anne's Cmrch Fund Choir Fund Flower Fund Knll & Natter Church Hall Pallo Hall Garden Fund Interior DeGoralion Fund Oryan Restoration Fd Pew ne8r8 Parfe- Chrislian EdatIon Park&- Pèw Bib$ Parke- Hymn Books Puppets In Penn Fund 2.942 ios 1.072 62 602 7,080 16.6931 492 1,D72 1701 602 300 3,115 1,227 300 3,115 2.027 18001 13,6181 3.506 2,542 14,914 800 415 31 S3 179 1,194 2.602 14162 421 30.075 9.620 (11.3301 1,437 29,802 71dl Capltsl lund PCC propert$ las valuèd per nthè 4lall 833.596 833.598 Fund desuiption". st. Anne's Church FurKJ F¢Yltr rnantenan 8 upk&p ol StAnne5 Church For installalion of new healing system5 at bolh Sl 8artholomeW5 8 Sl Arn8's thurthes For cholr costs, Includlng annual G4th£dr resKlanti81 5ftS For thurch flowers For knitting of prayer shaS Forlhe fulure dEvelopTrpnl of a Paliolgaihering area Outde th& Church Hall For the development of the church h811 gardpn For Ihe Int8mal rèdetoration Df IhÈ VIrae. Funds are held wifin the LlchfkJ rA0san Inlerivr Oecoralion Stheme (see note sal. Annu81 b)useS added by Ihe [0se are shi)vm Sn note 2ldl. Forlhe repair and resloralion of th8 organ al Sl BartholDmeW5 churth For replacement of pew kn8de For spedfic donations madtr by Ihp Painting In Penn art group For re-gLazing Df a church window lin meThory 0feMberS ofthe P8rke famllyl For development of Christian edLKatlon wKhln th? thurth CO[nU1tY For IhÈ purchase o( ppw blbles For the purd)as8 Of hymn books FOrrurn9 costs for the per puppeteers- a church group supportSng youll)worGlip Church healing project Cholr Fund Ftower Fund Knit & Natter Church Hall pallo Hall Garden Fund Inlerior Decordlion Fund Organ Re5toralion Fund Pew kreelers P8inling ITr Penn Donallons Park8 - r&-918ang Parke- Christian Educatson P8rk8- Pew Bibles Park8- Hymrj Books Puppets in Penn Fund 18
ST BARTHOLOMEW'S PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) NOTES TO THE FINANCIAL STATEMENTS for the year gnded 31st December 2023 2022 Funds GalrJ#l Resources Tiamlers l10gsÈs1 on At èxpBndBd ISBv7leTrl fixed a66ets 31.12.2022 At 31.12.21 Incomthg R•90Utc4È 71al Unr8strictgd fund5.' Genpral Un51cle General Fund 50.157 207,144 218,5431 55.365 6.119 71bl Unresttlcted funds: designated Churchyard Fund Youth Worker Fund Church Hall Refurb Legacy Fund MIs5ion Fund Orgsn Fund Painting in Penn"Generaf Fund 18,692 1.416 11,3461 19,012 1,409 539 649 10.000 4.324 3.611 233 724 1751 10.000 3.561 2.979 2.760 13.017 11,9971 14.6651 17,7201 27.678 17.676 8.015 2.280 75 39.543 At 31.12.21 ResOUe& expended 1105se51 on Transfers Ilxed assets 31.12.2D22 71el R8Stricted funds R•sources Reslricled Funds St. Anne's Church Ftjnd Church Healing Prqecl Choir Fund Fbwer Fund Knit & Nattgr Church Ha51 Pats"o Pew Kneele Interior Decoration Fund Painting in Penn Donation8 Fund Parke- re-glazing Parke- Chri8118n EdUcat)n Parke- Pew Bible$ Parke- Hymn Books Puppets in Penn Fund 2,842 100 663 5,532 79 175 2,942 16631 3S2 105 993 146 602 3,480 2,990 15.8831 105 1.072 62 602 3,606 3.115 12591 125 1,000 19801 1201 157,3141 57.314 2.702 16.508 886 413 12 22 11721 11,6161 1871 2,542 14.914 800 415 88,962 7,758 7,123 57.845 1.875 30.075 71dl Capltal fun PCC propertss las valued per note 4lall 685,000 148,596 833.596 19
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL {including St Anne's Church, Lower Penn) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2023 7 FUNDS l¢ontinuedl $lrictsd Fund Total Funds 2023 Total Funds 2022 Genetsl Fund Deslinad Restrictsd FuTrd5 FndS 71el Trdnsfers betsvegn fund5 Fund Amounts transferred tetween funds 8,415 18,4151 Tolal TtsnsfeFS behveen funds 8.415 18.4151 lal STAFF COSTS 2023 2022 Wages and salar8, elc. 28,067 Th& PCC employ8d th8 following part-rne rnembers of staff during Ihe ye8r'. 8 partssh Offi $ecret#ryladrniTri51rator and buildings administrator. Neither of these individuals earned more than £60.000 per annurn. The amounls shown above for,ageS and salaries, elc. also Indude employer5 national insurance. pensions payments a5 well as fees paid to iwe selfomployed muslcians fortheir servic05 as choir leaders. The PCC uses the National Employment Savings Twsl INESD lor ils pension paym8nl$. During 2023 the parish ade £1,202 in pensK>n payments. 8 Ibl RELATED PARTIES A 5rrt¥ll imrnalerial portion ofthe expenses pa to lh8 Incumbent may have related to his serviS as chairman of Ihe PCC. Donations from reLqied parhes IPCC members) tolalkd £9,69212022. £12.2791 in Iheyear. 8 {cl FEES FOR EXAMINATION OF THE ACCOUNTS The IndeperKleol Examinerf5 fee for 2023 is £17512022.. £1501. No olher lee5 were pa¥J lo th8 Indend9n1 Examlner. 9 ANALYSIS OF NET ASSETS BY FUND- 2023 Total Fund$ 31.12.23 Total Funds 31.12.22 Deslgnated Re&blctÈd FurtdÈ Fud$ Capital Fund Fund Tangible fiKed Invgstm&nls Current Asset$ 41al 41bl 833,596 833.596 83,122 88.363 116,5871 833,596 66.611 106,662 123,7181 65,428 26.437 16,96n 714 40,482 16.979 21,443 18,6211 rofalnetassets 84,899 41.196 29.802 833,596 989.493 983.150 20
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 2023 9 ANALYSIS OF NET ASSETS BY FUND - 2022 Totsl Tolal eral Deslgnnted FundÉ Funds Fund5 Fufft Funds Fnrt 31.12.2022 31.112021 Tangible fixed 8SSOt$ Inv8slmenls 41al 833,596 833.596 74,679 106.662 123,7181 685,000 82,747 58.488 44,441 114,9251 849 15.542 23.326 18.7931 CuFrenl Assets cuent U3bllille5 38,895 104,264 120,2161 rolal netlwets 88,004 39,544 30.075 833.596 991,219 851,795 10 SOFA COMPARATIVES ly•irendiw 31"Oec¢rnbgr. 2022} UThiw4trkted Reirf¢tpd Fur d5 CipJ14T Fund Total Fund8 Incomln Don81ion8 and Leg8des Income from Charitable Act8$ (XherTrading ACtIlieS InveslThenlS Other Income roial In¢omlnyrnsourc&s re50urce5 152,775 33,546 38.143 258 7,658 160.433 33.546 38.153 341 83 224.826 7.751 232.577 R•sourc•s •x R31sing Funds Expendi18 on Chari18bl& A¥1118$ rolal resource5 expended ndod 1.321 225237 226,558 7,122 7,122 232.359 233.680 Gains on fixed a¥t$. On dlsposal ofinveslmgnts On rÈvalualion of investments 16,1941 11.8751 148,596 140.527 Nèt Incomlng Iloutgolngl rosourGèts lor the yoaf befoTO tran$leT8 17.9261 11.2461 148,596 139.424 Trs[er5 between funds 57.645 157.6451 Not movgmènt of funds 49,719 158,8911 14B,596 139.424 Balances tougM forward al beqlnnlng of year 77,833 88,962 e85.000 851.795 B2Linces carried foJward at end of yaar 127.552 30,071 833,506 991 219 21