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 obl￿tIVe 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 AdVan￿rnent 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 serVI￿S 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 pre￿dIng 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. F￿e 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 de￿aged. 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
offi￿r 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 Cha￿ty, 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 insUran￿S 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 COn￿M 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
Repres9ntati￿S 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 reqUI￿d 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 cO￿e 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 {Chaim￿nI
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 finall￿al staternent5 have been prepared underthe Charrties Act 2011 and in accordan￿ wth the Church Accounting
Regulatio￿5 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
ex￿ptIon 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
cOntin￿e as a golng concern.
T￿re 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￿$1 and dividerKls are apportioned to individual funds on an average balance
basis.
Icl Incomlng resourcos
Planned giving, collections and doThations are reCogni￿d only when receivE(I by 01 on behalf of the PCC. Incotne Tax
recoverab￿ on Gift Ak8 donations is rewgnised in the same year as the giving to which it relates.
Dividends and interest are accounted for when receivab18,' no such income is re￿1Ve￿ under deduction of t8
Contributions made by ¢ommunity groups for the use ol the ¢hurch premi8es are accounied forwhen rer£ived.
Incorne generated from fvnd-raising actfvities lincludlng the sale of books and Other rtemsl is ￿ported gross.
Idl Resources expended
Grants and donations to misslons and charities, etc., are accounted forwhen paid over. or when the relevant income is
designated by the PCC if earlier.
The parish share of the diocesan budget Is a¢￿Unted for when due. Any arrears carried forward wth the agreement of the
dI0￿$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 ch￿￿h 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 C￿nseCrated 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 De￿mber 2023
based on the thange in the Nati¢)nwde House Prilx Index.
(IA) C%her f￿eh0ldp￿o￿ert1e$
These finan¢ial statements include all n0n-con5e￿ated fieehold properties lor whith the PCC is responsible, including those
forwhich the LichfEld Di0￿San 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 an￿off￿6 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 read*ly 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 ￿f￿nded, 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 circumstanr*s.
Where goods or services have been ￿￿1Ved but not yet invol￿d 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 re￿iVed 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 con￿rtS
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
$lgnatod Rg8trlctBd
Funds
Fund5
apltsl
Fund
31al Raislng Funds
Costs of FlowEr F8stivaWraft Fail
Costs ol Christmas Falr
Costs of fund raising1stewa￿5hiP campaign5
75
217
750
75
217
750
21
685
615
1,042
1,042
1,321
31bl Expènditurè on ¢harltablo Acllvltle$
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
V￿1¢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
Dè*natBd BE￿￿clad
Funds
CLpNal
Fund
Fundg
2ts22
2023
31bl Expendknr• on CharttabloAcifv￿e5 (Convdl
Sutst0￿b￿￿￿tsIfO*Ward
christ￿ 8ducallon
edUC￿￿￿-youthwjrft
Chri6tw educ4lon- adult
100 128
932
10
45
i.Q26
388
135
Pa￿l￿g ￿ PgnD-gxp8llS9S
Paknkny5 in P£nn. dppr4dabDn
Penn Puppets
Knl&Nall81
J,550
41,665
32
70
102
259
Parishotr*ts photo ¢0
Parfsh0A￿8- IdephonwbFoJlband
2,905
851
2.679
1.403
so
2,159
879
2.523
1.439
150
851
2,679
WEb5itelAdtninL￿tatitsn SystErn co￿5
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- Main￿nanC
¢burch- iunniD9uJsIs
Cl8aning msierid$
Wasie Coledion
HBaNh & Saf8tyCosiS
sieart5 church IEP*AL%
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-e￿clriCty
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￿-t￿￿tiC￿Y
ehuKh Hal-insuIa￿e
Chu￿￿ H811-w8ter
Churth H&￿-t1&allEng
ch￿￿h 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 Cho*exwgei
cathed￿￿511$
10.579
10.07•
806
6.693
1,109
7278
6,693
5,8e3
2,512
1,824
RestotatiDn costs
AttarrequL￿e3￿￿ 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 resuu￿e1 •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$identkryl
Propert
luTrded
egulpment
OtheT
equlpment
Totsl
41A} Tanglbl• fJx•d assets
Cost ervaluation..
At 1st January 2023
470,000
363,596
833,596
Accumulated depre¢iation'.
At 151 January 2023
Charge for year
Al 31st DecembÈr 2023
N8t book value at 318t December 2023
470,000
363,596
833.596
Net book valu8 at 31st December 2022
470.000
363.596
833.596
Th? attounting polici85 relating lo the various calegDHaS of langibb f￿ed a5S815 are 581 out in Nete 1181. The fr88hold
properties a￿ induded in the accoun15 as detai￿d in the footnotes below.
t Tho Church Hall, which is situated at Vicaiage Road, Penn, Wolveihampton, was otlginally built in 1913 and has since been
alteRd andlor extended several times. As this a specialised building and there is no p￿sent intenth.on lo di5P05e ol the
propety. no fomial valuation has been obtained. At 31st Dwmber 20D8 the hall was valued at 90% of its insU￿d value
linstsad of 100Yo as in previous yeaisl, since the PCC now recognises that the ￿se of the full insured value (which is intended
to tover demolition and silÈ dearance in additlDn to rebuilding ws15 In the event of the completo ropkcernenl of th8 property)
may ￿su￿ in the overslatemenl of Ihe W[￿ntValUe of the ex15ts.ng building.
S The PCC'S resKlenb"al propert*$ 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 2￿9, the propety
was revalued as al 31st Dec£mber 2022 at £348.596 in line Mrith the Nationwicle House pri￿ Index
and
lill anotherI￿ehO￿ house in the Penn a￿a 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 co￿pe￿at￿e 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
ful￿5
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 DSo*sen Uoard of Flnancel
Sundry cre(ti1015 pay8bl8
Accrued expenses
t*Jnai1ur￿ 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
MIs￿on 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 resk18n￿al ¥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
m￿S1on Fund
For malor projects (usually b￿l￿1[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
not*71•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 F￿d
Pew ￿ne8￿r8
Parf￿e- Chrislian Ed￿atIon
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 sha￿S
Forlhe fulure dEvelopTrpnl of a Paliolgaihering area Out￿de th& Church Hall
For the development of the church h811 gardpn
For Ihe Int8mal rèdetoration Df IhÈ VI￿ra￿e. Funds are held wifin the Llchf*kJ
rA0￿san Inlerivr Oecoralion Stheme (see note sal. Annu81 b￿)useS added by Ihe
[￿0￿se 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 0f￿eMberS ofthe P8rke famllyl
For development of Christian edLKatlon wKhln th? thurth CO[n￿U￿1tY
For IhÈ purchase o( ppw blbles
For the purd)as8 Of hymn books
FOrru￿r￿n9 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
Un￿51￿cle￿ 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
ResOU￿e&
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
Deslina￿d Restrictsd
FuTrd5
F￿ndS
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 salar￿8, 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 servi￿S 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 Inde￿nd9n1 Examlner.
9 ANALYSIS OF NET ASSETS BY FUND- 2023
Total
Fund$
31.12.23
Total
Funds
31.12.22
Deslgnated Re&blctÈd
FurtdÈ
Fu￿d$
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
F￿nrt
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
cu￿ent 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 Re*irf¢tpd
Fur￿
￿￿￿d5
CipJ14T
Fund
Total
Fund8
Incomln
Don81ion8 and Leg8des
Income from Charitable Act￿￿8$
(XherTrading ACtI￿lieS
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
Expendi1￿8 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
Tr￿s[er5 between funds
57.645
157.6451
Not movgmènt of funds
49,719
158,8911
14B,596
139.424
Balances t*ougM 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