OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← The Parochial Church Council (Pcc) Of The Ecclesiastical Parish Of Bromsgrove

2023-12-31-accounts

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove

Registered Charity No: 1132777

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2023

Consolidated accounts incorporating the churches of:

All Saints Bromsgrove Christ Church Catshill with St Luke Marlbrook Holy Trinity & St Mary Dodford St Godwald Finstall St John the Baptist Bromsgrove with St Andrews Charford St Michael & All Angels Stoke Prior St Mary de Wyche Wychbold St Michael Upton Warren

Principal Office:

c/o St John’s Church Office 14 Kidderminster Road Bromsgrove, Worcestershire, B61 7JW

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

1

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Table of Contents

Page
Table of Contents 2
Report of the Trustees 3 to 6
Independent Examiner’s Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10 to 20

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

2

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Report of the Trustees for the Year Ended 31 December 2023

Governance

The Parish of Bromsgrove comprises six Districts: All Saints Bromsgrove; Christchurch Catshill with St Luke Marlbrook; Holy Trinity and St Mary Dodford; St Godwald Finstall; St John the Baptist with St Andrew Bromsgrove, and St Michael and All Angels Stoke Prior, St Mary de Wyche Wychbold, and St Michael Upton Warren.

The governance of the parish is determined by the Mission and Pastoral Measure 2011, the Scheme dated 12 April 2022, and the Church Representation Rules 2020. The Parochial Church Council is a Registered Charity, number 1132777, and is regulated by The Charity Commission for England and Wales.

Charitable Objectives

The Parochial Church Council (PCC) works with the clergy, churchwardens, and District Church Councils within the Ecclesiastical Parish of Bromsgrove to promote the whole mission of the church in Bromsgrove through worship, pastoral care, evangelism, and social and ecumenical activities.

Core Achievements in 2023

2023 was a year of consolidation for the parish of Bromsgrove. We enjoyed a stable ministry team for the whole year, blessed by the flourishing ministry of our curate, Revd Richard Sandland. Although our financial position deteriorated slightly overall our income remained strong, and our determined control of costs was balanced by a clear commitment to continue to invest in our buildings for mission and ministry. Overall, our church communities continued to contract numerically, though this is only because the death rate amongst our congregations exceeds our growth rate. Notable losses during the year included Tony Moxon, a much-loved member of St Godwald’s and a past treasurer of both that church and the PCC.

The PCC met six times during the year and at each meeting tried to focus on a different area of our mission and ministry. We began the year in conversation with the Archdeacon of Dudley, Nikki Groarke, about the vacancy created by the retirement of Bev Robertson and the financial viability of continuing to cover the cost of three stipend posts. During the following months the DCCs of Dodford and Christ Church developed a ‘parish profile’ for the recruitment of a self-supporting minister which failed to attract any candidates. Following this, both DCCs decided to commit from their reserves the finances required to support a 0.5 stipendiary post for a minimum of three years. This recruitment process was underway by the year end.

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

3

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

In March the PCC entered into a partnership agreement with the Friends of St John’s for the fundraising and repair of St John’s church spire, a project that will cost in excess of £300,000. The year proved to be a significant one for building maintenance and investment:

A recurring theme during the year was the question of how to improve the effectiveness of Redditch and Bromsgrove Deanery. This was a central conversation at the March PCC given the triennial elections that were due shortly. Five of the six Deanery Synod places were filled successfully at the APCM in May. Following this, Deanery Synod reps have met together to explore how to deepen our commitment to the Deanery. An open invitation was extended to churchgoers from Redditch to visit our churches one Saturday in October. This open day was not well attended but the initiative was sincere and appreciated.

In June our attention turned to the possible appointment of a youth minister for Bromsgrove. This full-time post would be financed largely through a Diocesan grant (80%) with the parish making up the shortfall in salary and paying all other running costs and expenses. Initially the proposal won the support of all the Districts, but, by the end of the year, questions remained about the total cost of the initiative. This led to the proposal being shelved until questions about the filling of core ordained clergy posts are resolved in 2024.

September saw the PCC adopt a new financial strategy, assisted enormously by Peter Bould, a member of All Saints church. At the heart of the strategy is a determination to move to quarterly management reports and annual budgeting for all Districts. The PCC adopted the strategy unanimously and six-month accounts were produced for the first time. Peter continues to assist Sharon Charles, parish book-keeper, with advice and support for which we are very grateful. Our final meeting of the year in November focused on our ‘New Worshipping Communities’; these are new congregational initiatives designed to attract a wider range of people to church through the provision of a greater diversity of worshipping opportunities. Reports from each NWC were provided to the PCC: Rise and Shine, 20 is Plenty, Pizza Church, Soul and Senses and a prospective new initiative at St Luke’s, Marlbrook.

The financial challenges facing our churches and parish was a recurring theme at each meeting of the PCC. The balance sheet shows a fall in total net assets of £28,044 to £1,035,935. But this hides a £48,809 reduction in income mitigated by a £114,299 reduction in expenditure. In short, we are managing a declining financial base reasonably well. The health of individual districts varies significantly with substantial reserves supporting Dodford and Christ Church whilst the financial

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

4

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

position of All Saints and St Godwald’s continues to deteriorate without significant reserves to fall back upon.

The nature of church life means that there is an overabundance of fixed costs that are difficult to reduce. Our three largest costs apart from Ministry Share were our seven employees (£39k), insurance for all our church buildings (£29k), and utilities (£49.5k). Ministry share was reduced in 2023 to £125,000 and the PCC was delighted to be able to pay this in full.

The number of occasional offices during 2023 (with prior year in brackets) was: Baptisms 43 (54); Weddings/Blessings 16 (16) and Funerals 68 (154).

I close this report by expressing our thanks to all who volunteer their time, skills and energies for the church. The shortage of church officers is a very significant challenge and I acknowledge the additional burden this issue places upon those who do step forward to occupy these important roles.

In addition, we continue to be deeply indebted to our paid staff. Lauren Jones and Irene Caswell-Berwick continue to work tirelessly for the parish as our administrators. As does our superb parish book-keeper, Sharon Charles, and her daughter, Gemma Charles. Our three cleaners, Dawn, Emma and Jayne, work hard to maintain our halls for the benefit of the general public and congregations alike. 2024 will bring its own unique set of challenges. United by the love of God and the gospel, the PCC is well placed to meet them.

Trustees

The following trustees served as members of the PCC during 2023 and were appointed in accordance with the Pastoral Scheme and the Church Representation Rules 2020. All the trustees served for the whole year, gave their time voluntarily and received no private benefit from the PCC.

Clergy Deanery Synod Representatives Revd David Ford, chair Rosemary Sumner Revd Paula Honniball Rachel Jennings Revd Ray Khan Janet Hewer Revd Janet Hatton Ian Reading Revd Richard Sandland Pat Hackett

Churchwardens District Council Members Susan Bryant Suzanne Thompson Susan Ward Eleanor Newbold David Coulson Norman Hewer Pat Hackett Michelle Bovey Dorothy Woodhouse Rachel Jennings

LLMs

Hilda Roxborough

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

5

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

The PCC and Board of Trustees meet no less than four times per year. In between meetings day-to-day management is delegated to the PCC Standing Committee in accordance with Church Representation Rules.

Board of Trustees

The Board of Trustees comprised:

Team Rector Team Vicars Licensed Clergy Churchwardens (nominated by each District and their respective Annual District Council meeting)

One LLM (also known as Readers) elected from amongst the body of LLMs One elected lay representative of each District (elected by each District and their respective Annual District Church Council meeting for a three-year term) Deanery Synod representatives (elected for three-year term) Co-opted members who are accorded full voting rights

This Report of Trustees was adopted by the PCC and Board of Trustees on 15 April 2024 and signed on its behalf by David Ford, Chair of Trustees.

With love and prayers

==> picture [95 x 46] intentionally omitted <==

David Ford Chair of Trustees

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

6

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Independent Examiner’s Report to the Trustees of the Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove

I report to the Parochial Church Council on my examination of the accounts for the year ended 31 December 2023.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charities Commission under section 145 (5) (b) of the 2011 Act.

Independent Examiner’s Statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of the accounts set out 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 the independent review

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

==> picture [66 x 36] intentionally omitted <==

Mr Thomas May FCCA

Jerroms GCN Limited, Mucklow Office Park, Mucklow Hill, Halesowen, B62 8DY

Dated: 15 April 2024

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

7

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Statement of Financial Activities for the Year Ended 31 December 2023

notes 2022
Unrestricted Designated
Restricted Endowm't
TOTAL
Prior year
funds
funds
funds
funds
FUNDS
total funds
2023
Income and endowments from:
3
Donations and legacies
3.1
Income from charitable activities
3.2
Other trading activities
3.3
Investments
3.4
Other income
3.5		 177,838
14,333
-6,794
-
185,377
220,548
63,644
22,421
50
-
86,115
85,415
9,241
1,064
3,012
-
13,317
13,650
11,891
6,681
5,643
-
24,215
16,057
-
24,800
290
-
25,090
47,254
Total income 262,614
69,299
2,201
-
334,113
382,923
Expenditure on:
4
Raising funds
4.1
Expenditure on charitable activities
4.2
Other expenditure
4.3		 4,824
213
285
-
5,322
5,830
277,736
100,936
15,629
-
394,301
508,162
36,708
-36,708
-
-
-
-
Total expenditure 319,268
64,441
15,914
-
399,623
513,992
Net income/expenditure before
transfers		 -56,654
4,857
-13,713
-
-65,511
-131,070
Transfers:
Gross transfers between funds - in
Gross transfers between funds - out
Gains/losses on investment assets		 34,937
15,878
-
-
50,815
237,212
-10,792
-37,897
-2,126
-
-50,815
-237,212
27,334
9,160
-
972
37,466
-68,749
Net movement in funds -5,175
-8,001
-15,839
972
-28,044
-199,819
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 396,912
414,280
242,457
10,331 1,063,979
1,263,798
391,736
406,278
226,618
11,303 1,035,935
1,063,979

All numbers are rounded to the nearest £ and therefore there may be minor differences in totals

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

8

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Balance Sheet at 31 December 2023

Notes
Fixed Assets
Investment Assets
8.2
Current Assets
Debtors
8.3
Investments
8.4
Cash at Bank and in Hand
8.5
Creditors: Amounts falling due
8.6
within one year
Net Current Assets
Total Assets less current liabiliies
Creditors falling due after
8.7
more than one year
Net Assets
Represented by:
Capital Funds
Endowment Funds General
8.8
Income Funds
Restricted Funds
9
Designated Funds
9
Unrestricted Funds
9		 2023 £
36,803
1,008,845
1,045,648
-9,713
1,035,935
11,303
226,618
406,278
391,736
1,035,935		 2022
£
11,286
373,976
656,723		 £
29,419
339,578
686,897		 £
33,734
1,040,654
1,041,984
-33,139		 1,055,894
-15,240
1,074,388
-10,407
1,063,981
10,331
242,457
414,281
396,912
1,063,981

All numbers are rounded to the nearest £ and therefore there may be minor differences in totals

The above financial statements were adopted by the PCC and Board of Trustees on 15 April 2024 and signed on its behalf by David Ford, Chair of Trustees.

==> picture [85 x 37] intentionally omitted <==

David Ford Chair of Trustees

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

9

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts

1 Accounting Policies

Charity Information

The Parochial Church Council (PCC) of The Ecclesiastical Parish of Bromsgrove is a charitable organisation. The principal office address is 14 Kidderminster Road, Bromsgrove, B61 7JW.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The PCC is a Public Benefit Entity as defined by FRS 102.

The PCC has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements include all transactions for which the PCC of the Parish of Bromsgrove can be held responsible, including all transactions of the individual DCCs administered on behalf of the Parish of Bromsgrove. They do not include the accounts of other Church groups that owe an affiliation to another body, nor those that are informal gatherings of Church members.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

10

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts (continued)

1.3 Charitable funds

Unrestricted funds are available for any expenditure that the PCC (through the DCCs) thinks necessary to support the Parish's mission.

Designated funds have been reserved by the DCC for specific purposes but can be re-designated by the DCC and used as unrestricted funds.

Restricted funds are available to be expended only on the objectives expressly specified by the donors or the purposes for which the funds were raised.

Endowment funds are usually in the form of an investment or cash deposit and define the purposes to which the income from the investment can be used. Unless the endowment specifically permits the use of the capital sum, only the interest can be used.

1.4 Income

Income is recognised when the PCC is legally entitled to it, the amounts can be measured reliably and it is probable that income will be received.

Grants and donations are recognised in the Statement of Financial Activities when any pre-conditions preventing their use by the PCC have been met. For collections and planned giving this is when the funds are received.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to a particular heading they have been allocated to activities on a basis consistent with the use of resources.

Tangible Fixed assets - All assets purchased are expensed in the Statement of Financial Activities and not capitalised.

1.6 Fixed asset investments

Fixed asset investments are basic financial instruments and are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. The Statement of Financial Activities includes the net gains and losses arising on revaluation and any disposals throughout the year.

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

11

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts (continued)

1.7 Financial instruments

Debtors

Debtors are measured at the undiscounted amount of cash receivable.

Liabilities

Liabilities are measured at the undiscounted amount of cash payable.

1.8 Pension costs and other post-retirement benefits

The PCC operates a defined contribution pension scheme. Contributions payable to the PCC's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

1.9 Reserves policy

Each DCC is charged with maintaining adequate unrestricted funds to meet short term unrestricted payments, excluding Parish Share. Restricted funds balances are held in reserve in cash or investments until required for their specified purpose. Whilst Parish Share is important, it is unrealistic to hold unrestricted funds to cover total amounts due.

1.10 Gift Aid status

The parish is registered with HMRC to claim Gift Aid tax rebates under both the main scheme and GASDS.

2 Critical Accounting Estimates and Judgements

In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

12

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts (continued)

3 Income

3.1 Donations & Legacies
Donations & Gifts
Legacies Receivable
Grants Receivable
Gift Aided Donations
Other Income		 Unrestricted
Designated
Restricted
Total
Funds £
Funds £
Funds £
Funds £
38,708
20
-
38,728
750
1,431
2,181
13,241
7,399
-1,366
19,274
94,530
2,291
-9,554
87,267
30,609
4,622
2,695
37,926
177,838
14,332
-6,794
185,376
2023		 2022
Total
Funds £
42,059
2,000
40,422
103,140
32,926
220,547

Negative restricted income arose because corrections were made to some gift aid and grant income in 2022 recorded in error.

3.2 Charitable Activities
Fees: Weddings & Funerals
Other Income
Church Hall Income
Magazine Income		 Unrestricted
Designated
Restricted
Total
Funds £
Funds £
Funds £
Funds £
25,748
-
50
25,798
1,246
-
-
1,246
33,505
22,421
-
55,926
3,145
-
-
3,145
63,644
22,421
50
86,115
2023		 2022
Total
Funds £
28,655
959
51,505
4,296
85,415

Church Hall income and Magazine income are now classified as income arising from charitable activities to properly reflect the nature of these incomes. The 2022 comparatives have been restated accordingly.

Other Trading Activities
Fundraising		 Unrestricted Designated
Restricted
Total
Funds £
Funds £
Funds £
Funds £
9,241
1,064
3,012
13,317
2023		 2022
Total
Funds £
13,650

3.3 Other Trading Activities

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

13

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts (continued)

3.4 Investments
Unrestricted
Designated
Restricted
Total
Funds £
Funds £
Funds £
Funds £
Dividends
9,200
1,786
309
11,295
Bank/Building Society Interest
2,691
4,895
5,334
12,920
11,891
6,681
5,643
24,215
2023
3.5 Other Income
Unrestricted
Designated
Restricted
Total
Funds £
Funds £
Funds £
Funds £
Insurance Claims
-
24,800
-
24,800
Other Investment Income
-
-
290
290
-
24,800
290
25,090
2023		 2022
Total
Funds £
13385
2,672
16,057
2022
Total
Funds £
45,462
1,792
47,254

4 Expenditure

4.1 Raising Funds
Fees/Subscriptions
Fundraising Costs		 Unrestricted
Designated
Restricted
Total
Funds £
Funds £
Funds £
Funds £
4,150
50
68
4,268
674
163
217
1,054
4,824
213
285
5,322
2023		 2022
Total
Funds £
2941
2889
5,830

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

14

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts (continued)

==> picture [452 x 258] intentionally omitted <==

Costs for organ/piano tuning, organist and musician fees, and upkeep of services are included in ‘Church Running Costs’ to properly reflect the nature of these costs. In 2022 these costs were included in ‘Church Maintenance’. Upkeep of Churchyard costs are included in ‘Church Maintenance’ (‘Church Running Costs’ in 2022). Independent Examiners fees were £2,520 for this year, 2023.

4.3 Other Expenditure
Parish Team Costs		 2022
Unrestricted
Designated
Restricted
Total
Total
Funds £
Funds £
Funds £
Funds £
Funds £
2023
36,708
-36708
-
-
-

5 Trustees

There were no disclosable transactions in respect of PCC members or persons closely connected with them or other related parties.

6 Employees

The average monthly number of employees during 2023 was 7 (cf 7 in 2022). Employee wages and salaries in 2023 amounted to £39,102 in 2023 with no other pensions costs. No employees exceeded £60,000 annual remuneration.

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

15

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts (continued)

7 Taxation

The charity is exempt from taxation and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

8 Balance Sheet

8.1 Tangible Fixed Assets

In general, all inalienable and historic assets are recorded in the Church Inventory, but reliable cost information is not available. Significant costs would be involved in obtaining sufficient information to enable realistic and meaningful valuations to be obtained.

With regards to Holy Trinity and St Mary’s Dodford assets retained for the church use (at nil value) include two items of material cost:

8.2 Investment Fixed Assets

£ At January 2023 33,734 Revaluation 3,069 At 31 December 2023 36,803

The investments comprised: (i) legacies of Haines & Dipple; legacy of Gillibrand; (ii) part of the ‘Stoke Prior Wychbold and Upton Warren Fabric Fund’ held as 1,000 shares in CBF Church of England Investment Fund and 2,000 shares held in the CBF Church of England Fixed Interest Securities Fund, and (iii) Christchurch Catshill endowment funds held as 500 shares in the CBF Church of England Investment Fund.

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

16

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts (continued)

==> picture [462 x 191] intentionally omitted <==

8.4 Investments

CBF Rutter Jones
CBF Rutter Jones
CBF Rutter Jones
CBF Fabric Fund
CBF Fabric Fund
CBF Rutter Jones		 2022
Unrestricted
Designated
Restricted Endowment
Total
Total
Funds £
Funds £
Funds £
Funds £
Funds £
Funds £
87,709
-
-
-
87,709
80,166
23,676
-
-
-
23,676
25,224
98,712
-
-
-
98,712
89,217
-
40,449
-
-
40,449
36,971
-
32,113
-
-
32,113
28,529
91,316
-
-
-
91,316
79,472
301,413
72,563 -
-
373,976
339,578
2023

8.5 Cash at Bank & In Hand

Cash at Bank & In Hand 2022
Unrestricted
Designated
Restricted Endowment
Total
Total
Funds £
Funds £
Funds £
Funds £
Funds £
Funds £
87,452
308,336
260,935
-
656,723
686,897
2023

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

17

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts (continued)

==> picture [457 x 154] intentionally omitted <==

8.7 Creditors: Amounts Falling Due after more than One Year

Creditors: Amounts Falling Due after more than One Year
Loans 2023
Total
Funds £
9,713		 2022
Total
Funds £
10,407

8.8 Endowment Funds

Endowment Funds are as follows:

• Held for the benefit of St John the Baptist, Bromsgrove: £7776 The legacies of Haines, Ketley, and Dipple fund requires the income to be spent on fabric maintenance. The Gillibrand Legacy endowment requires the income to be spent on churchyard maintenance.

The Upton Legacy requires principle to be spent on churchyard maintenance. Income to be spent on general expenditure

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

18

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts (continued)

9 Analysis of Funds and Fund Movements

==> picture [468 x 487] intentionally omitted <==

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

19

The Parochial Church Council (PCC) of the Ecclesiastical Parish of Bromsgrove Charity No 1132777

Notes to the Accounts (continued)

9 Analysis of Funds and Fund Movements (continued)

Funds at Movement Funds at
District Fund Fund Type 31/12/2022 in Year 31/12/2023
£ £ £

==> picture [471 x 513] intentionally omitted <==

Trustees Report & Unaudited Financial Statements for Year Ended 31 December 2023

20