ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church. Lower Penn} (Charity Registration Number: 1132537) ANNUAL REPORT AND ACCOUNTS For the year ended 31st December 2024
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church. Lower Penn) ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2024 CONTENTS Pages Annual Report for 2024 Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 21
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2024 Objectives and Activities The primary objective of the PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility of co-operation with the incumbent in promoting within the Ecclesiastical Parish of Penn the whole mission of the Church. pastoral, evangelistic. social and ecumenical. It also has responsibilities for the Church Hall and the house at 105, Brenton Road. Via the Growing Disciples Team, there an evangelical emphasis on religi(xJs education in the Church. Courses for Baptism & Marriage preparation, Apha. Living Faith, PathvRys to Ministy and Authorised Lay Ministy training are run on a regular basis. Public Benefrt The trustees of the Charity are aware of the Chanty Comrnission's guidan on public benefit in The Advancement of Religion for the Public Benefit and have had regard to it in their administration of the Charity. The trustees believe that, by promoting the work of the Church of England in the Ecclesiastical Parish of Penn it helps to promote the whole mission of the Church (pastoral, evangelistic, soaal and ecumenical) more effectively, within the Ecclesiastical Parish, and that in doing so it provides a benefit to the public by: Providing facilities for public VrShip, pastoral care and spiritual. moral and intellectual development, both for its members and for anyone who wishes to benefft frorn what the Church offers, and Promoting Christian values, and Servi by members of the Church in and to their communities, to the benefit of individuals and society as a whole. Achievements and Perforniance Services and Attendances There were 626 services of all sorts in the calendar year 2024, including 208 weekend communion services in St Bart's and St Anne's churches, 33 evensong services, 12 compline servIs, 24 baptism services, 29 funerals land 21 at crematoria) and 9 weddings. In addÈtson, the wr, together with his team of ordained staff, continued outreach and evangelism through live streams of 'Thoughts for the Day,. PCC Meetin s and Other Activities There were six full meetings of the PCC during the calendar year 2024. A further three full meetings were held during the first six months of 2025. on approved, a copy of the Minutes of PCC rrEetings can be found in the folder placed on the table in the porch and on the noti board at the entrance to the Oak Room at St Bartholomews church. Financial Review 2024 income from donations and legacies of £184.719 was £37,825 (26°kn) higher than 2023. Inrne from Planned Giving was £17.625 higher than the prior year, primarily due to increases in standing order gniing, cash giving via weekly envelopes and contactless giving. Incorne from Sundry Donatrons was, in total, £15.838 higher than in the previous year and income from legacies was also hsgher than in 2023, up £4.361 at £10,070. Income from Charitable Activities of £55.707. was £25,528 (85%) higher than in the previous year. The Curate's House was fully let throughout the year, thus rental income from the propety was £12.450 higher than in 2023. Service fees from weddings and funerals {combined) of £18,582 were £4,532 hjgher than the prior year. All other income from Charitable Activities was £8,699 above the prior year.
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL {including St Anne's Church, Lower Penn) ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2024 Financial Review (continued) Income from Trading Activities of £46.531 was £5.915 (150/0) higher than in the previous year, primarily due to increases in donations received from groups using the Oak Room and Church Hall facilFties. Fund raising from brrng and buy sales contributed £3.499 (nil in the prior year). All other income from Trading Activities of £8,483 was £823 lower than in 2023. Income from Investments of £1,439 was £597 higher than in the preceding year due to higher rates of retum on these investments. Other Income was £204 lower than the prior year. Total incoming resources (including incotne for designated or restricted purposes) of £288,396 was £69.660 (32%) higher than 2023. The costs associated with raising funds of £442 were £600k lower than in the preceding year. due to 2023 costs associated with fund raising for the organ refurbishment project. Costs associated with Charrtable Activities were £243,672", £15,810 {7 % ) higher than in 2023. Church staff costs {including staff expenses) of £38,936 were £3,167 (90/0) higher in 2024 when compared to the prior year. The costs of running the church buildings (being St Bartholomew's & St Anne's churches. together with the church hall and the property at 105 Brenton Road) increased by £10.554 versus the prior year. primarily due to the costs associated with repairing the church hall lounge floor and redecorating St Anne's church. The Parish paid its full Common Fund assessment to the Diocese of Lichfield of £60.501 during 2024 - this was £1.186 (2%) higher than the assessment for 2023. Costs associated with the Maintenan of the Churchyard were £1,050 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) totalling £20,047 was £60 higher than in 2023. Administration Costs of £7,077 were £811 lower than in the prior year. The church donated £11,323 to charitable and good causes as it continued to tithe regular gtving (an increase of £744 on the prior year). All other costs relating to Charitable Activities were £140 lower than in 2023. en including the gain on liquid investrnent assets for the year of £4,406. together with the surplus of incoming resources over resou$ expended for the year of £44,282, the 'Net movement in funds. for 2024 was an increase of £48,688 represented by increases in unrestricted funds of £22,021 and Restricted funds of £26,667. Painting In Penn Painknng in Penn is considered to be an integral part of the life and activits'es of St Bartholomew's, and its general activities are shown in a designated fund. Specftgrantsldonations given to Painting in Penn are recorded as restricted funds. Reserves Policy The totals of net assets and funds on the Balan Sheet at 31st DecemtEr, 2024 of £1,038,181 was £48,688 higher than a year ago. Of the total. £148,116 related to unrestricted funds, £56.469 related to restricted funds, and £833,596 was capital fund, which relates to a church hall and residents'al properties. It is the policy of the PCC to maintain sufficient free reserves to cover up to 3 months of unrestricted regular expenditure covering staff salaries, insurance and utility costs, etc. this is equivalent to approximateEy £36.000. Free reserves {excluding designated funds) at 31.12.2024 were £103,788, which is higher than the targeL The trUStS 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 provides opportunity to advance the future mission activities of the thurch.
ST BARTHOLOMEWS PENN pAROCHL CHURCH COUNCIL (including St Anne's Church, Lower Penn) ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2024 Financial Review (continued) Expenditure forecasts are based on quotstions, ststements of work andlor best estimates. The levels of General and Designated ndS are deemed appropriate to support the church's activities. The PCC is constantly aware of the fragility of its voluntary income, as long-standing members of the congregation leave the parish or are deased. Giving levels are dosety monitored by the PCC and appropriate fund raising campaigns are launched to support major projects. Other PCC Policies The PCC maintains a number of policies regarding operational matters, including.. a) Child Protection Pol" Sa uardin The policy sets the PCC'S concems 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 policies. to ensure the Careful selection and apintment of those working with children and young people. A revision to the church's Safeguarding Policy was adopted in 2017 and the Parish Safeguarding COrdInator is an offir of the PCC, reporting regularly at PCC meetings on safeguarding matters. The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops. guidance on safeguarding children and vulnerable adults). bl Insurance Matters The PCC holds Insuran policies in respect of the buildings. their contents and liability cover for Church employees, officers and ViSFtors. The insurer is the Ecclesiastic Insuran Group through the Lichfield DÉocesan scheme. Regular valuations are made following inspection visits. Activities carried on in the Churches, Oak Room and Church Hall are all covered for normal liabilities so long as they take place with the knowledge and pemission of the PCC and are led by persons similarly authorised and known. Meetings held in homes of individuals, whilst on church business or church supported groups. would not usually be considered wf(hin the terms of the PCC'S policies. It is not considered appropriate to publicise, in this report, details of the sums covered. c) Church Fabric All church buildings are subject to inspection by our architect on a regular, five-year basis {'the quinquennial report'l. This identifies work required to be done to safeguard the buildings. Recommendations are made as to the urgency of such work, or whether it can be done as part of a regular and ongoing Maintenan cycle. The most recent quinquennial report identified no fabric matters requiring immediate attention. d) Investment Poli The charity is granted power to invest in suitable investments under the PCC Powers Measure 1956 and the Trustees Act 2000. As a charity. the Trustees have a duty of care to take such advice as is appropriate before investrnents are undertaken. This advi is sought from the Central Board of Finance (CCLA) in London. The charity's investment policies are based on hvo key principles: _ Ethical Investment- this includes ensuring that investments are held in companies whiGh have hiqh standards of corporate govemance and act in a responsible way towards stskeholders. Long-term responsibilÈties the trustees are aware of their long-temi responsibilities in respect of the Restricted and Unrestricted reserves and as a SuIt follow a prudent approach to investment decisions.
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2024 Plans for the future The quinquennial inspection took place in 2024. Vthile some remedial reMMendatIOnS were detailed in the subsequent quinquennial report, significant material financial outlays are not anticipated, with fabric-related projects having been prioritised over recent years. The organ at St Bartholomew's has been restored in 2025. The costs of the project have been met from project-specific fund raising and the use of free reserves. With the church presently in a period of interregnum. there are no material projects presently underway or planned. Risk Management The Church Wardens, Health & Safety Offir and Buildings Administrator regularfy inspect premises for potential hazards. The Health & Safety officer Is a member of the PCC and provides updates on health & safety matters at each PCC meeting. We have safeguarding policies in place for child protection and for work with vulnerable adults, including rigorous 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 Representation Rules 2006) and is a Charity registered wth the Charity Commission (No: 1132537, effective from 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 Representstion Rules. Membershi Members of the PCC are ex4)fficio. 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 at the Annual Parochial Church Meeting, by those on the Electoral Roll. The PCC members receive training from courses run by the Dioose. Members of th& congregation are aayS urged to join the Electoral Roll, and to stand for election to the PCC. The PCC members are responsibte for making decisions on all matters of general concem and importance in the parish, and for all financial matters. The PCC meets at least 5 times a year. Given tts responsibilities, the PCC has a number of sub committees, each dealing with a particular aspect of parish life. Each reports back to 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 to the Church's Mission Action Plan. Each team has a 'champion' on the PCC. whose responsibilty it is to keep the PCC updated on progress and matters arising wtthin each team. The teams are supported by various teams and resource groups to ensure that all of the Church's activities are aligned. pknrted. resourced and communicated appropriately. The Standin Committee is the only commrttee required by law. It has the power to transact the business of the PCC between meetings. It also draws up the agenda for PCC meetings and discusses all aspects of church life. The Finance Team oversees the general financial activities of St Bart's and St Anne's by monttoring income and expenditure and reviewing reserves. It relies on the advi gtven by the Treasurer and seeks to work in partnership with the Standing Committee to whom it may refer rtain discussionsldecisions. The Growin les Team has the brief to develop, support and continue the SPTfttual leaming 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 er Team's remit is to deal with matters of worship delegated by the incumbent andlor the PCC that are felt to be within its competen, which in the past have included drawing up special services, distributing prayer link emails, arranging prayer rooms and offering an overview of rtain acts of worship. The Buildin s and Fabric Team has the responsibilty of maintaining Church properties and seeing to all progpmmes of repair as well as administering the various user groups that utiSise the buildings.
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL {including St Anne's Church, Lower Penn) ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2024 Committees (continued) The Transfomiin Communities Team was fomEd to manage the interaction between the Church and the wider communty 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 servi$ at St Bartholomew's and St Anne's churches, whilst maintaining outreach activtties linking to baptisms, funerals and regular groups that use the church facilittes (coffee moming groups. pre-schoM)I toddlers groups, etc.). The Reachin New Generations Team has been formed to ensure that the PCC appreciates the views and requirements of the Church's various youth groups to fvrther develop and grow youth involvement in the Church. Administrative Infomiation The ecclesiasb'cal parish of Penn, which is part of the Diccese 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 South Staffordshire. There are hvo churches in the parish.. St Bartholomew's in Church Hill, Penn and St Anne's in Springhill Lane. Lower Penn. Contact Details The correspondence address is St Bartholomew's Church. Parish Office, 57 Church Hill, Penn, Wolverhampton, 4 5JB. The Parish Office telephone number is 01902 576809 (Sue Cole). Email - stbarts nn Website address - www.stbarts.or lemail.com. Members and Officers of the Pan)chlal Church Council - from 1st January 2024 to the date this report was approved (or for part of that period where Indicated) are: Incumbent (ex offic)." The Reverend Prebendary Ben lthitmore (Chaimian) Associate Ministers (ex officio)." The Reverend Alison Storer Churchwardens (ex Off10).. Mrs Catherine Pugh Mr Steve Humphries Mrs Anne Edwards Mr David Nicholls Mrs Janet Shackleton - retired 31.12.24 - relld 14.04.24 - retld 04.05.25 - elected 14.04.24 Representatives on Deanery Synod (ex officio). Mr Richard Pithers Mr Matt Wragg Mr Paul Beeston Elected members." Mr Daniel Owen (Secretary) Mr Dean Plowman (Treasurer) Mrs Clair Bnghtman Ms Cheryl Caddick Mrs Barbara Edwards Mr Neil Hazlehurst Mrs z Millard Mr David Pri Ms Alma Simmons Ms Jani Teague The Bankers and Independent Examiners of the PCC are: Bankers.. C¢>operative Bank plc., PO Box 250, Skelmersdale, IAIN6 8wr. Lichfield Diocese Board of Finance, St Mary's House, The Close, Lichfield. Staffordshire. WS13 7LD. - elected 04.05.25 - retired 14.04.24 - elected 14. 04.24 - elected 04.05.25 - elected 04.05.25 Independent Examiners.. Approv by the Parochial Church Council on October 31*1 2025. and signed on Its behalf by: Ke Dean pidwman (PCC Treasurer)
Independent Examinerfs report to the trustees/members of The PCC of The Parish of St Bartholomes Penn Registered charity number 1132537 I report on the accounts for the year ended 31# December 2024 whith are set out on the following pages. Res ective res onsibilities of the Trustees and Inde endent Examiner The charivs trustee5 are responsible for the preparation of the accounts. The charitvs trustees consider that an audit is not required for this year under Section 144 of the Charities Art 2011 {the Charities Act) and that an Independent examination is needed. It is my responsibility to examine the accounts under section 145 of the Charities A¢ to follow the procedures laid down in the General Direttions given by the Charity Commission (under section 14515llbl of the Charities Act. and to state whether particular matters have come to my attention. Basis of Inde endent Examiner's Statement My examination was carried out in accordance wtth the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or dlsclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given a5 to whether the accounts present a "true and fairf view and the report is limited to those matters set out in the statement below. Inde endent Examiner's Statement In connection with my eKamination. no material matters have come to my attention which give5 me cause to believe that in any material respett: accounting records were not kept in accordance with section 130 of the Charitie5 Act or the accounts do not attord with the accounting record5 the accounts do not comply with the applicable requirements concerning the form and content of accounts set Dut in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: .... Lichfield Dioce53n Board of Finan St Mary's House. The Close, Lichfield WS13 7LD Date: _. 2 ?/. q..l. Zo2.6...
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31st December 2024 Total Funds 2024 Total Funds 2023 Funts Funts Fund Note Incomin resources Donations and Legacies 21a) 149,610 35.108 184,719 146.894 Income from Charitable Actsvitses 2(b) 55.812 (105) 55,707 30.179 other Trading Activities 2(¢ 44.676 1.855 46,531 40.616 Investments 2(d) 1.286 153 1,439 Other Income 21e) Total InmIng resour$ 251.384 37.012 288,396 218,736 Resources e Raising Funds 31a) 442 1,042 Expenditure on Charitake A¢tivities 31bl 232.370 11.302 243,672 227.862 Total resources expended 232,812 11.302 244,114 228,904 Gainsl(Losses) on fixed assets: On disposal of investrnents On revaluation of investments 3.449 957 8,442 Not incoming I (outgoing) resources for the year before transfers 22.021 26,667 48,688 {1,726) Trdnsfers between funds 71el Net movement of funds 22.021 26.667 48,688 (1.7261 Balances brought foTward at beginning of year 126.099 29.798 833.596 989A93 991,219 Balancos carried forward at end of year 148.121 56,464 833.596 1,038.181 989.493
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) BALANCE SHEET as at 31st December 2024 Registered Chartty Number 1132537 31.12.24 31.1123 Fixed assets: Tangible fixed assets Investment assets 41a 4(b) 833.596 87.528 833,5 83.122 Total fixed assets 921.124 916,718 Current assets: Debtors and prepayments Cash al bank and in hand S(a b) 12.854 116,087 11,829 76,533 Total currentassets 128,941 88.362 Llabllities: amounts due within one year 11.884 15,587 Net current assets 117.057 72,775 TOTAL NEf ASSETS 1,038.181 989,493 Represented by: FUNDS Unrestricted Funds: General Fund Designated Funds 71a) 7{b) 103,788 44.328 84,899 41.196 148.116 126,095 Restricted Funds 7{cl 56,469 29,802 Total Income Funds 155.897 Capital Fund 71d) 833,596 833.596 1.038,181 989,493 Approved by the Parochial Church Council on October 31s(2025 and signed on its behalf by: Dean PEowman (PCC TasUrer) The notes on pages 9 to 21 fomi part of these financial statements.
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church. Lower Penn) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2024 1 ACCOUNTING POLICIES {al Basls of preparntlon of the financial slatements The finanual slalements have been prepared under the chareS Aca 2011 and in ac¢x)rdance wth the Church Accounb'TrJ Regulats"ons 20C6 togetherwth applicable accounling standards arKI the Statement of Rec0rnMend Pra1 IFRS 102) "Accounting and ReportirrfJ by Charities. I"SORP 2015-1_ The financial ststements have been prepared uThJer the historiol ¢st cA)nvenlion. except for the revaluation of frhold propert$ arKI investrnenl assets as indicated in note 1(e). The financial statements indude all transactions. assets arKI liab11rt for whith the PCC És responsibte in l&Y. They do not indude the details or transactions of church groups that o¥ their main affiliation lo another body. It is considered that there are no infomal groups within the partsh whose accounts shoutd be incorporated within these financial statements. An exception 1$ rnade for"Painting in Penn. wfv.ch is constdered to be an integral part of the life and actrvitw of SL Bartholomeyls. The Chanty has taken advantsge of the exemption in FRS102 from the [ement to produ a ¢ash kn statement on the grounds that the income does not exceed £5CK).fJ)O. There are no malerTal Unrtainl related to events or condthis cast snifiCant doubt on the Charitys ability to cL•ntinue as a going concem. There may be minor di8crepan¢xs in the totals as the pertyz are rt bel slwwn. (b) Funds Unrestiicted funds are general funds which can be used for PCC ordinary purposes, no festriction regarding their le. Unrestricted fvnds may be d&snared for a particuL8r purpose by the PCC. All transfers lo desvJnated lunds, and any rSignatiOn for atternative purposes OfaKnts preV$1Y set ash. sutyect to PCC resolution. Reslricted funds repreyent lil income from trusts or endowments which may be expended only on those restrictsd objects provided in the temis of the trust or bequest, and (ill donalrons or grants r1ved for a spe¢ified obiefA or invited by th& PCC for a specific object. whith may be expended only on the speufic oty'ect for wthi(l) they V•Ere given. Any bal8no remaining unspent at the end of each year must be cariied ford as a baiance on that furKI. The PCC aims to invest these furKI$ separately from ils free serVeS. but not nearily lo hokl speciffc inveslments for each fund. For investments not specifically relating to a particular fund. intefest and dividends are apFK)rtioned to individual fund5 on an avefage balance basis. Ic) Incoming resource5 Planned giving, collerAons and donations are recognised only reIved by or on behalf of the PCC. Ino)me Tax recoverable on Grft Aid donations is reLnISed in the year as the givirwJ lo which rt relates. DivFdends and interest are accounted for v•tsn receivat4e" no sudt inc4)me is rec£ibEd under dedudKM of taL Contributions made by c<)mmunity groups for the use of the church premi%es are accourrted for when rNed. Income generated from fund-raising adivrfies (includiNJ Ihe sak of trf)oks and other items) is reported gros5. (d) Resources expended Grants and donatsons to mtssions aThJ chariknes. etc.. are accounted forvthen paid over. or when the retevant income is designated by the PCC rf eartier. The parish share of the di0san btyl is accounted forwthen due. Any arrears carrted f0rvta with the agreement ofthe diocesan aErthoritss are deducted in arriving at the amount ctharg&l in the accounts. All other experKlrture ts generally recognised when it is 1ftrr arKI 1$ accounted for gross.
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2024 1 ACCOUNTING POLICIES (continued) (el Flxed assets (i) Consecrated land and buildings. benefte proyty andffrtivable church fumishings Consecrated land and buildings and benekn property are exdIed frrm t finanaal statements in accordan with seclh)n 10{2lla) of the Chanties ALX 2011. No value is placed in these finanual statements on movable church fumishings held by the churthwardens on SFal Intst for the PCC arKI which require a faculty for disposaj. Sin the PCC considers thJ"s to be inaltenable propety. All expenditure incurred on consecrated or beneffi Iwildings and movabl2 churth fumishings (vthether maintenano or improvemen1} is vnitten off as expendrture in the Statement of Financial Adivrties and separately di%closed. The PCC owns a church hall and 2 resthntial properties {see note 4 of the acts)unts). As a speryalised building, the hall 1$ valued at 90D/o of its insuied value. The residential prqxety in Brenton Road has teen revalued at 315t Decanber 2023 based on the Change in the Nationwde House Price Index. (li) Other fTreholdproperti8s These finan81 statements indude all non•cknnsecraled freehold properties for vthich the PCC is responsible. induding those ft)r which the Li¢hfieKI Diocesan Trust is the St(lIan trustee and al ovmer. Each property is shovm al its ujrrent value to to the PCC, which is determined irHlividuaSly as stated in note 4tal aThJ r&assessed annually. (iiij Otherfixture£ ffttings and Off equipffnt The policy ol the PCC is Ihat all experKliture on fthres. fftttngs and Offi equipment is written off when any suth asset is acquired. However, an exptiOn is made in the case of equipment purchased for use by groups in the Oak Room and Church Hall. vthich is capitalised * cost aThJ depreoated on a straight4ine basis at 15% per annum. {w) Investmpnts Traid¢raft shares (for which a market value is not reèjily availabkl are included in the acLuftts at their original cost. Ml other investments a valued at their market value 2$ at the end of the rrent year. Realised gains (or losses) are re¢J)gnised when investments are sold. Unrealised gains (or losses) a accounted fty on revaluation of investments al the year end. (fj Current a¥sets Amounts owing to the PCC linduding tax reo)¥erabJe. not yet refunded. on Gift Avj giving) are shown as debtors. A calcutalion is made for expenses relating to future periTrts that have been paKI in advan. (gl Llabillties Amounts owing by the PCC (for expelrture inrred and lor donations or gTants approved and allocated but not yet pa>dl are induded a5 creditors. Any amount of the parish share remaining unpahl al the year end is also provided for as an operational (though not a legal} liabilty and included as a creditor. Expenses which arise on a periojic basis are accxued for by apport10rrent or estimati¢)n. acLrding to the carmStances. Where goods or servi$ have been r1Ved but not yet invoKd arxl the exaL# cost is not yet known. the outstanding tharge is provided for on an estimated basis and Inl as a Lyedttor or as an accrued eyP. as approate. Amounts already received but bthich relate O[lY or parfly to later wiots are apportioned wllere appropriate and shn as income received in advance. {h) Judgement of Estimation The preparation ofthe financial statements in nfOrrnty with generally accepted accounting practi$, requires the trusts to make estimates and assumptions that affect the reporbng of assets and liabilities. Aclual resu$ in the future could differ from those estimates. In this regard the trustees believe that the mosl significant of IJgement relates to the valualion of the investsnent propety. where three different methods of ¥UatiOn have b*n used. See Note 4(al. 10
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2024 2 INCOMING RESOURCES Total Funds 2024 Total Fund 2023 Fund Funts FvThJs Fund 2{al Donations and Legacles Planned giving lincluding under Gift Aid}: standing orde weekly envelopes Income tax recoverab on planned giving Cash on collecknon plate.. public servi$ baptisms, lding9, fvneraLs. etc. contactlesse* Giving 84.184 6.655 8.180 3.709 90.839 13.279 24.917 75.843 11,537 24,442 21.208 6.799 4.164 6.799 4,164 3.068 8,293 3.465 1,861 Sundry donations: Choir tour fund Church hall maintenan other donations Choir general Speafic expenditure To offset costs of coffee. refreshments, eto Church floo&lighling Adult education Organ Restoration donations Knit & Natter Churchyard 7.140 7.140 9,239 9,239 5.358 76 1,451 262 69 250 69 250 335 266 913 9.425 9826 16 16 16 Legacles: for general purposes 10.070 10.070 5,709 Total Donatitim and Logacie• 149.$94 16 35.108 184.719 146,894 11
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church. Lower Penn) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2024 2 INCOMING RESOURCES (conlinued) Totsl Total Funds 2023 Fund Funts Funts Fund 2024 21b) Inctxne from Charilable ActiVIe$ Rents from letting of Curates House Fees for wedding services Fees for funeral servi5 Monday ooffee momirKJ Painting in Penn.. fees from members. eta Other income 14.4(K) 3.510 8.718 14,41)0 4,010 14,572 {105} 1,854 12,196 225 13.277 677 13.348 13.348 9.378 66.707 9.376 19.807 {105) 2(c) Other Trading Activitles contrtbuts.ons for communty use of Oak Room Conlributions for community use of Church Hall Famierfs market sales Inrne from Flower Feslivavcraft Fair Income from Christmas Fair Parish Newsletter advertisements Cake stalVBring & buy sales Income fr(ft Cald sales Bookstall sales Contributions to hosprtalty services Income from other fundraising Income from concerts 8.061 26,489 801 2,140 2,566 1,530 7,104 24,208 26.489 2.140 3.330 3,9(k8 495 1,530 1.855 26 418 580 126 297 418 710 125 297 629 236 44.676 1.855 40,616 2{dl Inve5tmgnts Bank interest.. General fijnd Intere9t on CBF deposit furKI account 755 531 153 1,439 755 531 153 2{el Other Income Wayleaves (electriuty sub-Stati¢)n, eto) 204 Total Incoming Rsoufees 231,030 20.354 37.012 288.396 218.736 12
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church. Lower Penn) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2024 3 RESOURCES EXPENDED Tolal Funds 2023 FWKI Funds Fund 2024 31a) Raising Funds Costs of Flower Fe5tivaVCraft Fair Costs of Christmas Fair Costs of fund raisinglstewardship campawJr 75 217 750 176 176 442 1.042 31b) Expenditsre on Charitible Actsvit*s Missionary. charitab and other giving.. from general income Parish Share I Common Fund 11.323 11,323 00.5t11 10,579 59.315 Stsff Costs.. Buiwings AdministratorlParish Office Wother ChoiTmaslerslLeaders Vicals working expenses Sub total canled fonvard 25.802 10.279 2.855 110,759 25.802 10,279 2.855 110,759 25,036 8,156 2.577 105.664 13
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL {induding St Anne's Church, Lower Penn> NOTES TO THE FINANCIAL STATEMENTS for the year endod 31st De¢nber 2024 3 RESOURCES EXPENDED (continuod) Total Fu•ds 2D23 Funds 2024 Fw 31bl Expend on ChJri&l>le Acbvrfm (Confdj Su&totsik)ro¢wht fonvwd Christian education Chriskn8n education. youth v•yk 110,759 135 105.864 1.036 45 Painting in P•nn- ewses Knit & Natter 4.131 1131 102 Parish ¢Jffice thlo er General adrnini5trabon Website IAdm¢nislr8ti0n System Costs eendent Eyaminefs Fees 851 2.679 1.403 1.791 1.791 245 Churcth. 9as Church. erbity Church. Wdler Churth. insUrar8 Churth- rnwntenar Church. running eosts Churol. raniry Cleaning m8lwiaL% Waste ColkctKn Health & Safety Costs Sl Bart's ¢hurch repairs Oak room- c5aaning 00k room- repairs 7A46 11.042 297 7,254 11.042 297 3.e14 8.678 203 1218 2.218 1.533 2.375 4.475 1.698 1.571 1.671 4,317 1,230 162 753 1128 4476 1,898 1.168 StAnne'J. StAnne's- insurarre SIAnne's- wal Sl Anne's- c4eaninp St Anr'8- repai 1.855 2.461 167 218 388 72 1,3n 2.942 4314 ChL¥ch 1. gas ChLtr¢h Hall- e Church Hall- insurance Chural Hall- Waler Churth Hall- c58anTng Church Hall. runniry ccts Churth Hall- r8psirs 3.495 6.887 950 3h9S 6.887 950 3.327 8.147 1,159 4208 31 2,519 262 9.082 S62 922 539 Church yard costs VThcarage 8.803 440 2.B42 11,646 10,595 Organk8ts Mu&G and ¢hc4rexwses Cathedral visits Organ Ènd pano tuning OToan Resloralim r05ts 10,$79 270 7.527 7,797 1.186 6.693 Attar requisites and other %Mcecosts Refreshments for thufch mosta1rtY aftw Seryices JI other expenses 734 352 132 402 132 402 2.055 2.428 105 Breron RoJ- uisurarKe 105 Brenton Rcd_ aoentfees 105 Brenlon Road. tax 105 Btènlcn Road- ublthe5 1Q5 Brerrton R08d. mainterW 649 2.275 631 227S 337 233 2,348 233 4,559 222.919 9,451 11.302 2$?2 227,8$2 To¢al Tr80urces *xp•nded 223.361 9.451 11.3W 244114 213.160 14
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2024 4 FIXED ASSErs Equiwhert used PntI In Penn Grart tchuwrh S ReSId¢1 funded d Iwilrfi Total 41a) Tangible fixed assets Cost or Valuation.. At 1st January 2024 470.(th 363.596 833,596 Accumulated depreu"aty"on'. Al 1st January 2024 Charge for year At 31st Drnber 2024 Net book value at 31st December 2024 470.000 363.596 833,596 Net book value at 31$1 December 2023 470,Crf)O 363.596 833,596 The accounting policies relating to the vartous tegOrieS of tsngible fred assets are set out in Note 1{el. The fffthold properties are included in the accounts as detai Hi the footnotes below. t The Church Hall, which is situated al Vicarage Road. Penn. Wolverhampton. vas orKJin0 bulk in 1913 and has since been altered andlor extended several times. As this is a $iall$ed buikling and there is no present intention lo dispose of the propety, no fomal valuation has been obtsined. At 31st Dember 2008 the hall vas valued at of it5 insured value linslead of 100% as in previous years). Sin PCC n(hV Tecognises that the use of the fvll insured value (which is intended lo cover demolilion and site dearan in additson to rebuilding costs in the event of the complete replacement of the propety) may result in the overstatement of the current value of the e$ting building. S The PCC'S residential propertw are comprwl of: {1} the freehold house at 105 Brenlon Road. Penn. w0e[haMpIOn. This property was acquired in 1984 as aceommodalion for a curate bul is cutrently let on a short-lem tenancy. In N¢)vember 2010 the PCC agreed in princip to the sale of this property for the SO purpose of ratsirg funds for the refurblrnent of the Church Hall, bul no action has yel been taken in this respect. Having previosuty teen carrd at a historical valLEation dab't¥J back to 2009. the propety was revalued as at 31st December 2022 al £348,596 in line with the Nab"onwkJe House Price Index. and {iil another freehold house in Ihe Penn area bequeathed by a parishK)ner wlK* died during 2(. UIKler the terms of this bequest. members of the deceaseds family have Ihe rvaht lo continue to live there for as long as they may wsh {during which lryne they wll be resp0fisb for all running and maintenance costs). This property 15 valued at £15,OLKI. vthich tskes full account of the polenlial n9th of time before Ihe PCC may be abk to obtain vacant possession of the property, gNen the current age of the younger15fe-tsnant. In view of these special arcumstances. the detabi of thts b4uest and the locaion of the property have not yet been publicised. The PCC have agreed this poly. 15
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church. Lower Penn) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2024 4 FIXED ASSETS (continued) Tr41dcrnft Tolal 41bl Inveslment assets At 1st January 2024 R&allocation of investsments Gains on revaluation 65.313 753 3.410 714 53) 39 16.979 115 33,122 957 4.406 At 31st December 2024 69.476 17.936 115 87,528 5 CURRENT ASSETS At 31.1124 At 31.12.23 5(a) Debtors and Prepants Amounts receivab Tax recoverab18 on giving under GiftAid Prepayments Credit balanc£s hekl suppliers Balance with DSan Interior Decoratton Scheme {see also note 7{c)I 5A35 757 3N7 3.115 4,687 2.363 3,115 124 11,829 51bl Cash at bank and in hand - 2024 unrestric D•slgnated R•strl¢ted fund$ fund$ Totsl 2024 CBF deposit account The Co-operative Bank PLC- cuent acecNJnt Cash in harKI 15.587 12.676 700 10,531 33.693 2,434 41.026 28,552 87,395 140 28.963 44.224 42,0 116.087 4bl Cash at bank and in hand - 2023 fuftds funds funds Totsl 2023 CBF deposit account The Co-operative Bank PLC- current account Cash in har)d 14,299 2.880 224 2.814 15.834 27,113 49,196 224 30.482 17.403 40.482 18.648 76.533 16
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL {inGluding St Anne's church, Lower Penn} NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2024 6 UA8IUTIES: AMOUNTS DUE WITHIN ONE YEAR At 31.1124 At 31.12.23 Agency Collections {ind. vddiTrJ and fees due lo Lrchfield fMJresen Boatd of Finar) Sundry creditors payab Accrued expenses Donabons alloc8ted from general irKJ)me but not yet paJ over 8.621 703 4,186 2,078 1.628 1,573 11.884 15,587 7 FUNDS The nature of each class offund is ewained in Thjtè 1(bl. Transfers beiwn fur¥ls are detalled 7{el. G•iMI 71al Unrestrkt•d fund$: General 31.1123 IS••71•ll food 4M• 31.1224 Unrestricted General FuTrJ 84.899 231,030 {223.3611 7.B10 3.410 103.78B 71bl Unrestrict•d fund$: desl9natod Bell Toww Fund Choir Tovr Fund Churchyard Fund Youth Worker Fund Church Hall Refvrb Legacy FuThJ Mission Fund Organ Fund Pa1j in Penn"Generaf FLW 100 7,140 2,5 17.1401 12.8421 17. 11S.OWI 1687 539 714 10,CKK) 5.970 4.¥23 15391 {7531 531 3.410 13.348 10.531 23,195 6.331 11.186) 14.1311 15,COJ (7.8101 41.1 27.494 116.5911 (7.8101 39 44,328 Fund description.. Choir Tour Fund Ftychoir costs. indudir¥J annual cattdral iesidenlial visits For the Marntenan and Lwkeep ol the thtwchya For ytyJth wcwk Iprimanly employment r))sts associated th Ihe Yotth & Farnily wot*er) For lshment of Ihe church hall For majty p[ryts {usually buldiwabric rtlatl Churchyaid Fund Yo(rth Worker Fund Hall Reftyb Fun Lega¢y Fund Mission Fund Organ Fund Painting ira Penn"Generaf Fd For maintenance aThl lkP Of organ For Ihe Swof PainiiryJ-iper art-based dwrth grrAWts)mmwity outreath woiecti 17
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) NOTES TO THE FINANCIAL STATEMEKfs for the year ended 31st December 2024 7 FUNDS lcontlnued) IrKoming Resourc4s Id•tsitqd in IloBsMI 31.1123 ResourreB Ewnd•d note 7lell ffixed assets At 31.1124 71¢) Rgstrkl¢d funds Restricied Funds st. knne's Church Fund Choii Fund FlowEr Fund Church Hall Palio Hall Garden FuThl Interior DecoralN)n Fund Organ Resloration Fund Pae- Christian Education Parke- Pew Bibks Parke- Hymn Books Puppets in Penn Fund 2.942 492 1.072 602 1,072 13001 3.115 1,227 3.116 31,051 2.211 17,072 915 429 29.823 48 91 {533) 16.162 819 421 29,802 29.977 {4.267) 957 56,469 71dl Capltal fund PCC propoits las val1 per note 418}) 833.596 833.596 Fund desuip¢ion." St. Anne's Church Fund For the maintenance & upkeep ofst Anne Chu FOT Ihe maintenarKe of ltte bell bdls at St Barthcdome$ Church For ihe intallation of rw heabry systems at bolh St Barthobms & Sl Anne's Churthes 8è11 Tth¥er Fund Churth heatitvJ proied Choir Fund Flower Fund Fwdwrch fioers For knmillJ of prasv shaw15 Forthè thJiurE devdopftt ol a patigathering area otrtside the Church Hall For the de¥eb)pmenl tsf the church hall gard For intemal redecorab.on ofts Wurage. Futth a hekl withMI the Lithfekl Clocn Inteiior tkcorntion ScIe (see note 5a). Annual bonuses added by the Cio¢ese a shown Ni note 2(dl. For ts repair aThl St0[all0 ofllE organ at St Bartl5 church For replacernenl of w kner5 For$¢ donations made ty the Paintirw in Penn art glOUP F(K of a churth of membe[5 of Ihe Parte fammyl devÈkymenl of Chrtstian utalK)n the (tsrch commuftty Forthe purthase of pc tib For the purthase of hymn book5 For rnnring costs forthe Penn pup•rs. a swrtmig Y worshy) Knlt & Natter Chuf¢h Hall patio Hall Garden Fund Inlerior Decoration Fund Organ Restorntion Pew kneelers Painting in Penn Donaiitins Parke . re-gL3ZiThJ Parke- Chrfstian ELti¢n Parf(e- Pew Bibl•s Pathe- Hymn Books Puppets in Penn Fund 18
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church. Lower Penn) NOTES TO THE FINANCIAL STATEMENTS for the y•ar anded 31st DeCeMr 2024 2023 Funds Galns I Trartsfthy Ilo55e51 on At 31.1122 Resource5 •xpeThled IS•e7lell fSxed assets 31.12.2023 7(a) Unr8strictgd funds: General unStriCted General Fund 190.627 (209.088) 8.415 6,940 B4,899 7(bl Unrestrscted funds: designated Choir Tour Fund Churchyard Fund Youth Wot1(er Furtd Church Hall Refurb Legacy Fund Mission Fund Organ Fund Painting in Penn"General" Fund 77 17,564 1,409 539 714 10,000 5,970 4.923 19.012 (3.3121 539 10.tM]O 4.324 3.611 3,270 13.277 11,624) 13,550) {8.4151 39.543 18.488 8.486} 8.415 65 41.196 Galn8 1 Incomin9 Re50UfCO8 110s5esl on At 31.1122 Resources expended Trnn5fws fixe¢l sels 31.12.2023 71cl Restrfcted funds Restricted Funds St. Anne's Church Fund Choir Fund FI¢>r Fund Knit & Natter Church Hall Patio Hall Garden Fund Interior Deeoration Fund Organ Re51grab'on Fund Pew Kneelers Parke - chrisb.an EdttOn Parke - Pew Bibles Parke - Hymn Books Puppets in Penn Fund 2.942 105 1.072 62 1942 492 1.072 (6.6931 {70} 602 300 3.115 1.227 3.115 2.027 (800} 13.618} (149} 2.542 14.914 31 53 179 1.194 2,602 1&162 866 421 415 30.075 9,620 11.330 1.437 29,802 7{d} Ca1 fund PCC Propert las valued per nole 4la)I 833.596 19
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church. Lower Penn) NOTES TO THE FINANCIAL STATEmErs for the year ended 31st December 2024 7 FUNDS (continued) Total Funds 2024 Total Funds 2023 Capmal Fund 71e} Transfe beiween funds Fuhd Fub Funds AJnounts transfer belEen funds 7.810 (7.8101 Tolal Translers behveen funds 7.810 {7.810) 8 la) STAFF COSTS 2024 2023 Wages and salaries. eto 36.081 33,192 The PCC employed the folkpmny part-twne members of staff during the ar. a parish Offi seuetsryladmini%trir and a buiklings admini$lralor. Nerfher of these indtvkluals eamed more than £60.C#JO per annum. The amounts $hovm above for W and salarts, eto- al¥0 indude empb>Ers nats.onal insurance. pensions payments as %*ll as fres paKJ to two semempw musicians fortheir services as choir leaders. The PCC uses the National Employment SaviThJs Tmst (NEST) for ts penSn payrnents. During 2024 the parish made £1.432 in pension paymenls. 8 (b) RELATED PARTIES A small HNneterial portion trfthe expenses p¥•J to the incumbènt may have ld to his seNw8 as chaiman ofthe PCC. OonalKJns from reLgted parties IPCC members) totsued £10.284 (2023.. £9.692} in the ar. 8 (c) FEES FOR EXAMINATION OF THE ACCOUNTS The Independent Examine¢s fee for 2024 is £175 (2023". £175). No otherfees re pa•J to the Independent Examiner. 9 ANALYSIS OF NET ASSETS BY FUND- 2024 Total Funds 31.12.24 Total Fund8 31.1223 Fund Funds Funds FuThJ Tangible fixed assets Investments Current Assets Currenl lièbilit 41a 4(b) 833.596 833,9 87,529 128,940 111,8841 833,596 83.122 88,363 115.5871 69,592 39,198 {s.c) 17.937 45,414 {6.882) 44.328 Total netassets 103.788 44.328 56.469 833.596 1.038.181 989,493
ST BARTHOLOMEWS PENN PAROCHIAL CHURCH COUNCIL (including St Anne's Church, Lower Penn) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2024 9 ANALYSIS OF NET ASSETS BY FUND - 2023 ullrp5f Fu Total Total Fund5 Fubwj Funds Fund 31.12.2023 31.12.2022 Tangitk fLxed assets Investments 4(a) 41b) 833.596 833.596 83.122 88,363 11458n 833.59$ 66.611 106,662 (23,7181 65.428 26.437 40.482 16.%71 714 16.979 21.443 {8.6211 Current Assets Currentl1b1knhes Total netassets 84.899 41.196 29.802 833.596 989,493 983.150 10 SOFA COMPARATIVES (year eTrdln9 31"Decomber. 20 Funds Ftmd Fund5 Incomln r•sou Donations and Legacies Income from Charilable Activities Other TradirKJ Aclfvities Investments Olher Income 137.479 30.179 40.616 9.416 146.894 30,179 40.616 842 204 218.736 204 204 209.116 9.620 Resources ox Raising Funds Expenditure on ChaFitabk ActitS 1.042 216.532 217,573 1.042 227.862 228,904 11.330 11.330 Galns on fixed ass•ts: On disposal of investments On revaluation of investments 1.437 8.442 Nrt incomlng I loutgolngl r•8ourc for th• yo•r befor• transf•rn 1.4531 2731 1.726 Translers bèts%Een fijnds N•t m0Mnt offunds {1.4531 {273) {1.7261 Balances brought foThvard at begnj of year 127.552 30.071 833. 991,219 at end of year 126.099 29.798 833.596 989A93 21