Charity registration number.. 1132731
HalasPCC
Annual Report and Financ4al Statements
for the Year Ended 31 December 2023

HalasPCC
Contents Icontlnuod)
Reference and Administralivg Dgtsils
Tfuslees. Report
2to7
Statement of Truslee8' Re8pon8ibilities
Independent Ex8minef8 Report
Statement of Financjal Activities
101011
Balance Sheet
12
Notes to the Financtal Ststem8nls
13to19

HalagPCC
Reference and Administrative Dètalls
Charity Registralktrn Number
1132731
Principal Offic•
The Parish Office
St Margarets of Antioch
Hagley Road
Halesowen
Wèst Midlands
863 4QD
Ballard$ LLP
11c Kingswood Road
Hampton Lovett
Drothich
Worcestorshi
WR9 OQH
Independent Examinèr
Paga 1

HalasPCC
Trustees, Report
The trustees present the annual report together wsth the financial statements of the charity for the year
ended 31 December 2023.
Obj8etlv•s and actlvltlos
Obiè¢ts and alms
The primary objectivg of the charity is the promotion in the eccjesiaslical parish of the whole mission
of the church.
Publio benefft
The Irustegs have complied with their duty to have due regard to public benefrt guidance published by
Commission.. the trustees consider that the ¢harity meets the publi¢ benèfft rèquirements of the
Charitiès Aet 2011 by carwng out its normal aCtiVrt￿5.
Page 2

HalasPCC
Trustees, Report Icontlnued}
A¢hi•v•m¢nts and porf0rn)aneo
Annual Trustga Report of Ihe Halas Parish for 2023
The Halas Team Ministry exists to serye the people of the town of Halesowèn and the districts of
Cradley, Hasbury. Lapal, Romsley and Hunnington to prodaim the Kingdom of God in prayer, word,
aclton, and life through offering a di51inctly Anglican expression of the Christian faith. We hope lo
explain how this has been explored and expressed during 2023in the Team and indivKIu81 Churth
reports which follow.
2023 has seen fvrther ¢hange$ in the Te8m clergy. Our Team Rector, Reverend Canon Hazel
Charflon relinquished her responsibilities as Tearn VKai for St Peltsrfs Lapal and St Kenelm's
Romsley and look up th& rolè of Tsam Vicar for St John's Hale50wen', and Rev Christopher Henson
was appointed as Team Vicar for Lapal and Romsley in October. Chcis completed his Curacy in the
Kidderminsler Wesl Team in this Diocese and prior to ordination, Chris worked in administration and
publi¢ rglations for the CNil Service across Leeds and Sheffield. He has sèttlèd in well and has been
described as 8 trAe81h of frèsh airl
The National Church of EngL4nd, selected Sl John's Hatesowen for a shgnthcanl IrancJ)e of fvnding. on
the basis that it is a Significant town center church in need of increasing its rnember5hip to become
healthy and sustsinable in the long term. In Febnjary 2023, Bishop's Covncil approved funding for
plans to increase the nurnber of children and young people's Workers in our parishes, encouraging
pari5he$ to establish new worshipping communitie5 and the inve51menl in training our clergy and lay
leaders. Taken togelhei, thls means we have a largely fully fvnded approach to the priorities approved
by Diocgsan Synod last November, and without any additional cost being borna by Ministry Share.
Bishop John said.. We are delighted that the Strategic Misslon and Ministry Inveslment Board has
also enlhu5iaslically endorsed our vision to ensure we have as many healthy arKI suslainablg
churches as possible by 2030. We know we need lo make major changes if we want lo reverse the
decline in numbers of people attending otsr churches.. this fvnding along with oui investment in our
other priorities will. by God's grace. enable us lo do Ihis."
Diocesan s￿0d approved priorities al its November 2022 meeting. Btheen now and 2030, the aim
is lo-
Double the number of chit(Iren young peopte Worship￿.ng in our churches cornpared lo 2019
figuies, invesb.ng in more paid children's. families,. and youth workers so that we have al least one
church with a flourishing young peoplos, ministry in èach major area of population, and tr40 such
chuTche5 in each deanery.
Create 100 new worshipping communitie5 offering a range of way5 for Peop￿ lo Come to faith and
worship God. {eg Forest Churthl Café Churchl Walkin9 Church)
Invest in the renew81 of afound a dozen churches to ensuie that each major aroa of population has
I least onè church with 150 people attending weekly. enabling them lo support other local churches.
st Johns is one of those.
* Invest in our dèrgy and lay leaders. providing training and development opportunities to enable them
lo grow and feel sUPPOrted and equipped for mission. We want to make the DiocEse of Worcester one
of the most 8ttractlV9 pl8ces in which to minister.
Page 3

HalasPCC
Trustees. Report (continued
We are reminded that God is caling all of us lo Christian Ministry. whether Ihal be working behind the
scenes or in an aulhorized or licensed role. EnCo￿raging people to explore the roks to which God
may be calling thom 1$ an ongoing priorty for our life together.
We conb.nue to work dosely with and pray for the staff and pupils at the Church Schools within our
Parish, and indeed with all schools within our Parish to the extent we are able.
We continue lo ￿￿eW our obligations un(ler the General Data Protection Regulalions. and lo ensure
that all our work with young people and vulneiable adults is (arrigd out in accordance with Parish
policjes. and that those policies aro thèmsèlve$ kèpt in accordance with current Diocesan guidelines
for safeguarding, safer rewllment. and employment. We are enorniousty gratefvl for all those
involvèd wbth Ihls ongoing and increasingly cofflplex and demanding work.
We continue to monitor our finances, with regular finance committee meetings throughout the year.
Income continues lo be a concern, though we have hope th* the project al Sl Johns will over limè
have 8 slgnificant impact not just at St John's bul across all our chuf¢hes.
We continue lo slrLTrggle lo find volunteers for lay roles, partiwlarly ¢hurthYardens. We also need lo
find sorneone lo become our Parish Treasurer from our APCM this year. There are Several ongoin9
gnquiri8s wilh a couple of people, trmjl nothing has been decided a$ wè prepared this report.
Faith and hope are God's grft to us all - both through our indbvidual r8lationships with God, but a150
through thè encouragement we receive frorn the dedication, p855ion and gifts offered in service by the
people of our team - lay, ordained, pald, voluntsry, licensed. and unlicensed in a huge number and
variety of Tol&s in our INes logether. We are blessed by all of them and offer our profound thanks lo
Ihem.
Hazel Charfton- Rector
Jonathan Spencer- Lay Chair of PCC
Page 4

HalasPCC
Trustees, Report (continued)
Flnanelal review
Polley on reseNes
It is the Policy of the PCC that the Parish Olfi¢e anil each District Church shall endeavour lo establis
and maintsin a reserve on their General Funds equivalent lo morhths of genèral running cosls to
oJveT unforeseen emergen¢i8$.
In addition, the P*rish 0ffi¢o shall endeavour to establish and maintain a reserva sufficient lo cover
any costs incurred in maintaining Ihe building of. and equipment in, the Parish Offica.
Ead) District Church shall endeavour to est8blish and maintain a reserve on their building fvnds lo
¢over any cost incurred on regular maintenance. or periodic maintenan¢& identified by the
Quinquennial inspection, of their Church Building.
District Churches which have other buildings or lands, e.g. a Church Hall, shall endeavour lo e51abli5h
and maintain a reserve on their appropriato funds to cover any cost incurred on ￿gUlar maintenance.
or periodic maintenance, of their buildings or lands. A similar reserve shall be derived for the Paiish
Office. which shall be apportioned to each church on the s8me basis as Parish Share.
Initialty, the value of eath f&seNe Shall ba submitted to the Parish Finance Committèè for
re¢ommèndalion aThJ Teporting lo the PCC fortheir approval.
Subsequently, tho Mlanlrficalion of any expense which may exce&d, or sertousty reduce, the
associated reserve shall immediately be reported lo the Parish Treasurer and Chaimian of Parish
Finance who. if required. will call a meeting of the Parish Finanr£ Commiitee to discuss the
implications of such rèduction in reserves and to recommend any fonhfard action required. while
kegping tha PCC Chair and Vice Chair fvlly knformed.
The status of the variou5 Teserves shall bo rewrted at least annualty lo the Parish Finance Committèo
fof onward reporting lo the PCC and the Parish TreaSu￿r lor indusion in the Annual Report a5
reqLsired by the Charities A¢A.
Structure, govemanee and management
Nalure of govemlng docum8nt
The governing documents of the PCC are the P8ro¢hial Church Council Powers Measure11956}. as
amended. and the Church Repres¢ntstion Rules.
Day lo day management of the charity is carried out by the members of the PCC, all of whom ale also
trustees.
R8eruitm•nt and appoinlment of trustees
Members ol Ihe PCC. who are also trustees, are either ex offi￿0 or elected by the Annual Parothial
Church Representstion Rules. During the year the following served as members of the PCC..
Page 5

HalagPCC
Trustees. Report (contlnued)
Rector and Chalr of PCC
Hazel Chadltsn
Lay Chalr and VIG• Chalr oltho PCC Jonathan S￿nCer Also Deanery Represenlalive
Vicar for Lapal and Romsley resigned
September 2023. Vicaf for Sl John's
Halesowan appotnted September 2023
Parish Curate
Llc•ns•d Cleryy in the Team
Hazel Chartton
IAelissa Beynon
Mlhr Victoria BarlowWi¢ar for Hasbury and Cfadley
Vicar for Lapal and Romsley appointed
October 2023
Christophèr Henson
Chuychwardens
Paul Milhvard
Cradley
Christinè Adshead Cradley
Anita Gadd
Lapal
Halesowen
Simon Eason
Dawd Hobbis
Hasbury
Ik
Robin Pafk8s
Dawd Scotton
Hasbury. resigned May 2023.
Lapal
Halesowen
Susan Harding
John Hall
Hasbury. appointed May 2023.
Romsley
Romsley
Vacant
Vacant
D•an•ry Synod Reprnsgntatlves
Christine Adshead Cradley resigned May 2023
Eva Field
Lapal
Romsley
Romsley
H8sbury and also Diocasan Synod
Hasbury
Jonathan Spencer Halesowen
David Scotton
Lapal
Lapal
Sehna Tromans
Bemard Pridden
John Layton
Dawd Hobbis
Roy Bicknell
Electsd Lay R•pros•ntsllv•s
Sharon Turner
Cradley
Lapal
Cradley
Ha$bury and also DeanerylDiocesan
Syno
Lapal
Romsley
Susan 8icknell
Lynn Steward
Alan Hughes
Sarah Long
Lynda Barrows
Pag9 6

Hala$PCC
Tn￿te•s. Report (contlnued)
SILTrart Haw
Janet G￿&Y
Ann Shackleton
Sar8h Tumer
Romsley
lasbury
Halasowon
Halesowen
P•vl•h Safègu•vding Offl¢•r
Chalr of PCC Finan¢• Committs•
Mon-vollng Membè
Melanie Case
Roy Bld(nell
Revd Susan Hale
Canon Judith Olrvor
Susan CresweFJ
Pat H811
Salty Spen￿r
Chart&s Morgan
Karen Janette Chapfin
Revd Rae Homer
PCC Trea$ur•r
P¢C S•¢rotary
Roy Bi¢*nell
Alan Hughès
The annual report was approved by the Irnstees of the chaiity
behall by.
..2oénd slgn•d on its
Trustè&
Pag8 7

HalasPCC
Ststsment of Trustees, Responsibilities
The trustees are responsibfe for preparing the trustees. report and the finanaal statements in
accordan￿ with the United Kingdom Accounting Stsndafds {Unittd lfjngdom Generalty ALYepted
AwJunting Pr*icel arKI applicable law and reguFalions.
The law applicabl• to ¢harilies requires thg trustees lo prepare financsal statement$ for each financial
ar whi¢*+ give a true and fair yiew of the stato of affairs of the charity and of thè inojming resoufces
and application of re8ource8 of the charity for that period. In wepariny these financral slattftlenls, the
trustees aro required to-.
select surtabte accounling pollcles and then ap￿Y them conststenur.
observe the methods and principle¥ in the Charltios SORP:
makeiudgements and estimatos thsl ar8 reasonable and Prudent.,
stato whethèr appli¢ablg accounung standards h￿e been fdlowad. subject to any matgrfal
departures dtsclosed and axtyained in the financAal $tatgments', and
piepare the financkal $tslements on the goiThJ concem basis unlo55 itls Inapproprlate to presume
th81 the charity ￿11 continue in business.
The trustees ar8 responsible for keeping propgr accounting recprds th81 dlsd08e reawnable
a¢¢ui4ty at any lima the financi￿ position of the tharity and onable them to ensure that the financAal
statgmen18 comply with the Charrugs Act 2011, the Charities IA¢¢ounts and Reports) Re9ulations
2008, and the Provisions of tha ¢on$titutron. The trustees are also responslble for safegu8fding the
assets of the charty and h•nc¢ for taking reasona1￿& staps lor the prevention and dettrdion ol fraud
and other ¢neguiaTities.
Thè Irustees arè r¢spon8ible for the maIrttenan￿ arÈd integrity of the corporatg and financial
infomation induded on the ¢haritab￿ companY8 website. Legislalton oovernlng the preparation and
dissemination offinantral 5tstements may differfrom Iwslation in other jurisdicttons.
Approved ty the trustees of Ihg c*arlty on ... . .
¥.. and signad on ils behalf by.
Haz
Trust88
Poge 8

HalasPCC
Independènt Examinèrfs Roport to the trustees of Halas P C C
I report lo the Injslees on my examination of the actounts of Halas P C C for Ihg year ended 31
December 2023.
ReypoMlbllltE•8 and basls of report
As the charity Iruslees of Haks P C C you are responsiblB for the prgparalion of the accounts in
accordance with the requirements of the Chariti8$ A¢t 2011 I'the Acfl.
I report in respect of my examination of the Halas P C C's accounts carried out undef section 145 of
the 2011 Act and in carrying Out my examination I have followed Ihe 8ppli¢able Directions given by
the Charity Commission under section 14515llbl of the Act.
Ind?pend¢nt •xaMI￿￿8 statement
Since Halas P C C's gross income èxeeeded £250,000 your exarniner musl be a member of a body
listed in 3eclion 145 of the 2011 Act. I confirm that 18m qualified to undertake the examination
because l am a member of, which 1$ oftha listad bodies.
I have cornpleled my examination. I confinn that no material matters have Come to my attention in
connecfjon with the examination giving me cause lo believe that in any material reSP￿t..
1. accounting records were not kopt in respact of Halas P C C as requifed by s8Ction 130 of the
Act", or
2. the accounts do not a(tord with thos8 records,. or
3. the accounts do not comply with the accounting requir8m9nts conceming the foTm and Content of
accounts set out in the Chariti'es {Accounls and Reports) Regula￿nS 2008 other than any
requirement that the accounts give a 'lrue and fair vievl which is not a mattel considered as part
of an independent examination.
I have no ¢oneems have come across no other mattefs in connaGlion with the exarninalion lo
which attention should be drawn in this report in ordèr to ena￿e a proper Unde￿landing of the
accounts to be reached.
K4 A Skellum FCA
1 Ic Kingswood Road
Hampton Lovett
Dro1￿Ich
Worcestershira
WR9 OQH
12 Juno 2024
Date..
Page 9

HalasPCC
Statement of Flnancial Activities for the Year Ended 31 Decembor 2023
Unrestri¢tsd
funds
Restrl¢tsd
funds
Endowment
fvnds
Total
2023
Income and Endowments from:
Donalions and lega￿eS
Charitable activities
Other trading activities
Invèstment income
other income
334,765
40,959
24,916
29,456
17,444
71,989
5.176
4C6,754
46.135
24.916
52.212
17.564
22,756
120
Total income
447,540
100.041
547,581
Expenditure on:
Raising funds
Charitable activitie5
12,3931
(414,368
164}
76,364
12.45n
490,732
Total expenditure
Gainsnosses on investment
assets
(416,7611
176,428)
1493,1891
6,435
82.468
42.927
131,830
N&1 income
Gross transfers befv4eers
fijnds
37.214
106,081
42,927
186,222
{t,500}
Net movement in funds
35,714
107.581
42,927
186.222
Recon¢lllallon of funds
Total funds brought fO￿ard
Total funds carried forwafd
284,198
748,172
784,843
827,770
1,817,213
319,912
855,753
2,003,435
The notes on pages 13 to 19 fomi an integral part of these financial slalements.
Page 10

HalasPCC
Statement of Financial Activitios for the Year Ended 31 D•c•mbor 2023
{contlnued)
Unr•strict•d
fund•
R￿trictsd
funds
Endowm•nt
funds
Total
2022
Motg
In¢om• and Endowments from:
Donations and legacies
Charrtable aclwrties
Other trading activities
Investment income
Other income
180.653
39.615
20.640
23,123
156,￿2
38.740
1,251
219,393
40,866
20.640
49.257
156,362
26,134
Total income
420.393
66.125
486,518
Expenditur• on:
Raising lunds
Charitable 8ctm.lies
Olhgr gxpendilure
(1,064)
1413,974)
166)
150,370)
2,314
11,130
{464,3441
2,314
Total expendrtu
Gainsnosses on investrnent
assets
{415.038)
152,750}
{467,788)
68.026
(23,241)
93,602
1184,8691
Net expendituré
Net m0￿ment in bjnds
82.671
9,866
93.602
166,139
{62.671}
19,866)
(93.6021
1186,1391
Reconclliatlon of fund$
Total funds brought foNiard
Total fund$ carried forward
346.869
758,038
876,445
1,983,352
284.198
748,172
784,843
1.817,213
All of Ihe charity's actwities derivo from continuing operations during the above periods.
Th¢ funds breakdown for 2022 is shown in note 8.
The notes on pages 13 to 19 form an integr81 p8rt of thes9 financial statefflenls.
Page 11

HalasPCC
{Reglstration number: 1132731)
Balance Sheet a8 at 31 December 2023
2023
2022
Tangible assets
Invothents
104.390
1.528.3e6
104,390
1,394,535
1.498,925
1830,756
Currnnt a$8•ts
Debtors
Cash al bank and in hand
23.035
354.034
19,079
309,S67
329.046
377,C69
CredltOYg'. Amounts f•lffing du• wlthln on• y
N•t curr•nt aM•ts
4.3
10.758
372,679
318,288
N•t ass•ts
2,003.435
1,817,213
Funds of thè ¢harity:
Endowmort funds
827,710
784.843
Ro¥trl¢tod In¢omo fund¥
Restricted funds
855.753
748,1n
Unre•trlctsd Incomg fvnd•
Unrestricted funds
319,912
2,Q)3,435
284,198
1,817,213
Totsl lund•
The fina
on
slatements on pages 10 to 19 were apwoved by trustees. and aLrthorised for issu•
. and signed on their ￿haIr by.
H8iel
Trustfje
rtton
The notes on pages 13 10 19 form an integral part of these finandal slat•m•nls.
Page 12

HalasPCC
Notes to the Finan¢lal Statements for the Year Endod 31 December 2023
1 A¢countlng poll¢l
statement of compll•n¢o
The finanryal statemènts have been prepared in accordance wth Accounting and Rèporting by
Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in
acwrdancè with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS
1021 {effective 1 Janu8ry 20191- (Charities SORP IFRS 10211, th8 Financial Reports'ng Standard
applicable in tho UK and Republic of Ireland IFRS 1021 and the Charities Aet 2011.
Basls of preparatitsn
Halas P C C meets the definition of a public benefit entty under FRS 102. The ac￿l￿nts (financial
stalemenlsl have been prepared under the hi*orical cost convention wi(h r(em$ recognised at cost or
transaction value unless otherwise sLiled in the relevant notolsl lo Ihese accovnls.
Exemption from Pfoparing a cash flow $tstsm•nt
The charty opted to earfy adopt Bullglin I published on 2 February 2016 and have therefore not
included a cash flow statement In Ihese financial slatemenls.
Incom• and endowments
Donations and legacies
Donations and legacies are recognisgd on a receivable basis when receipt is probable and the
movnl Can be Teliably measured.
Grants r•eeivable
Grants are recognised when the charity ha5 an enlitlemenl to the funds and any condth.ons linked to
the grants have been mel. Where performance condrtions are attached to the grant and ale yet to be
met, the income is recognised as a liability an¢J induded on the balance Sheet as dgferred income lo
be ￿leas¢d.
Glft ald
Incoming resources from tsx redaims are induded in the Slalement of Financlal Actsvil￿$ al the same
lirne as the gift to which they relate.
Expendlturo
All expenditure is iecognised once there is a legal or constructive obligation lo that expendilijfe, il is
probable selliemenl is requirèd and the amount can be measured reliabty. All cost5 are allo¢aled to
the applicable expenditure heading that aggregate similar Costs to th81 ¢ato9ory. Where costs cannot
be directly attributed lo particular headings they have been allocated on a basi5 con51$1ent wrth the
use of resources, with central stsff eosts allocated on the basis of lime spent, and depreciation
charges allocale¢J on the portion of the asset's use. Other support costs are allocated based on the
spread of staff costs.
Page 13

HalasPCC
Notes to tho Financial Statoments for the Year Ended 31 Dacembor 2023
(continued
Charltable activities
Charitable expenditure ¢ompri5es those costs incurred by the chanty in the delivery of its activities
and 5eNces for Fts beneficiaries. 11 indudes both costs th81 be allocated directty to such actmlies
and those o)sts of an Indi￿¢t nature necessary to support them.
Tangible fixed a•sets
Consecrated and benekn property is excluded from the accounts by provisions of the Charities A
2011. No value is placed on movable church fumishings held by the churchwardens on spècial trust
for the PCC and which requires a faculty for disposal sincè the PCC considers this to be inalienable
property. All expenditur& incuffed durin9 the year on consecrated or benefice buildings and movable
church fumishings. whether maintenance Of improvements, is written off as expendrtijre in the SOFA
and 5eparalety disdo$ed.
Fix•d ass•t invMtm•nts
Fixed asset investments. other than wogramme related inveslmenls. are induded al market value at
the balance sheet date. Realised gains anij 106sgs on investments are calculated as the differen¢9
be￿een sales proceed5 and their market value at the start of the year, or their subsequent cost, and
are thar9gd or crediled to the Stalemenl ol Finanryal ACt￿rtI&$ in the period of disposal.
Unrealisèd gains and losses represent the movement in market values during the year and ale
credited OT charged lo the Statèment ol Financial Activities based on the market value at the year end.
Fund 5tructur•
Unrèstricted income fvnds are general funiJ$ th81 are available for use at the tfuglees dlscrelion in
fiJrthe¥ance of the objectives of the charity.
Restricted income fvnds a￿ those donated for use in a particular 8re8 oi for speclfic purposes. the
use of whith is restn'cted to Ihat area or purpose.
2 Trustees remuneraUon and expenses
During Ihe year the ¢harity mad& the following transactions wsth Irustee$-.
Clergy expenses of £6,10712022 - £6,331) were paid in tho year.
No trustee5, nor any persons connocted with them, have received any remunetalion from the charity
during the year.
No tru51ees have rocelved any other benefits from the charity during Ihtr year.
Page 14

HalasPCC
Noles to the Financial Statements for the Year Ended 31 December 2023
(continued)
3 T•xatlon
The ¢harity is a registered charity and is therefore exempt from taxation.
4 Tanglblo fLy￿ assets
Land and
bulldlng$
Totsl
Cost
Al 1 January 2023
104,390
104,390
At 31 December 2023
104,390
104,390
Doproclatlon
At 31 Dècember 2023
Not book value
Al 31Decem￿r 2023
104,390
104,390
Al 31 December 2022
104,390
104,390
5 Fixod asset investments
2023
2022
Other Inv8strn8nts
1.526,366
1,394,535
Page 15

HalasPCC
Notes to the Financlal Statements for the Year Ended 31 December 2023
{continued
Other Inv•8tm•nts
Listed
Inv¢slm•nts
Totsl
Cost or Valuation
Al 1 January 2023
Revaluation
1.394,535 1,394.535
131.831
131,831
Al 31 December 2023
1,526.366 1,526,366
Net book valu•
At 310e¢ember 2023
1.526.366 1,526,366
At 31 DKamber 2022
1,394,535 1.394,535
6 Debto
2023
2022
other debtors
23,035
19,079
7 Credltorn: amounts falling duo wlthln ono y•ar
2023
2022
Other creditors
4,390
10,758
Page 16

HalasPCC
Notes to the Flnancial Statements for the Year Ended 31 Oocembor 2023
(continued)
8 Funds
Bal•n¢e
at1
January
2023
8*l*n¢e
other
at31
Incoming R•sourcgs
recogni$ed D¢¢Èmber
Our￿ exp•nd•d Trnn$fèrs galnsl1105sesl 2023
Unr•strl¢t•d funds
General
Unrestricted funds
284.198
447,540
(416,761)
(1.500)
6.435
319.912
Restricted funds
Restricted funds
748,172
100.041
176.428)
1,500
82,468
855,753
Endowm8nt funds
Expendable
Endowment fund5
784,843
784,843
42,927
827,770
42,927
827,770
Total fund¥
1,817,213
547,581
493.189
131,830 2.003,435
Page 17

HalasPCC
Notes to the Financial Statements for the Year Ended 31 December 2023
{¢ontinuod}
8al*n¢e at
Other
31
Incoming Resourcgs
rocognl$•d Decèmber
ie80urce#
expènd•d gainslllossesl
2022
Balancè at
1 January
2022
Unr•strletrd funds
Genernl
Unrestricted funds
346,869
420.393
{415,038)
{68.0261
284,198
Restrict•d
Restricted fvnds
758,038
86.125
(52,750)
{23.2411
748,172
Endo￿Tront funds
Expèndable
Endowment funds
78.445
193.6021
784,843
878,445
93,602
784,843
Totsl funds
1,983,352
486.518 1,817,213
467,788
184.869
9 Anatysis of net assets bolw••n fvnd$
Unrestrict•d
Endowment
2023
Total funds
G•n•rnl
R•stricted
Expgndabl•
Tangible fixed assets
Fixed asset investmènts
Current assets
Current liabilitie5
104,390
672,890
82.613
14,1401
104,390
1,526,366
377,069
4.390
25.707
294.456
12501
319.913
827.769
Total ngt assets
855,753
827,769
2,003.435
Unr•stri¢ted
Endowment
2022
Totsl funds
G•noral
RestrSct•d
Expendable
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
104,390
590.422
59,971
6.610
104,3SO
1,394.535
329,046
10,7581
19,271
269.075
4,1481
284.198
784,842
Total net assets
748.173
784,842
1,817.213
PwJe 18

HalasPCC
Notes to the Financial Statements for the Year Ended 31 December 2023
{continued}
10 Anatysl$ of not fund$
At31
D•c•mber
2023
At l January
2023
Flnanelng
eash flows
Cash at bank and in hand
309,967
44,067
354,034
Net debt
309,967
44,067
354,034
At31
Decomber
2022
At 1 January
2022
Flnanclng
¢•¥h flows
Cash al bank and in h8nd
271.482
38.485
309,967
Net debt
271.482
38.485
309,967
11 Related party transactions
There were no related party transactions in the year.
Page 19