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← The Parochial Church Council Of The Ecclesiastical Parish Of Brierley Hill

2024-12-31-accounts

Unaudited Financial Statements For The Year Ended 31 December 2024 for ST MICHAEL'S CHURCH, BRIERLEY HILL M. J. Grainger & Co. 196 High Street Quarry Bank Brierley Hill West Midlands DY5 2JP

st •1'5- Financial ar ended 31st Decamber 20 2024 was anotheryearof change tn Ihe ofthe church. soma disappoinlments. (such as the failuwto establish a ch4Erch pknt at St MiGhael's). 8om• n￿¥9nts.ways ofdoing ¢hur¢h, afKI somè signifthnt irnprov￿ts to Ihe fabric ofth church be￿g ¢arried out. Our cmgregation numbor #r• sttll. Sn th• main, quite small and maln sOu￿e ofgiving L8 th8 Paiish Giving S￿￿m•. Th8 index linking of rniny ￿)nth￿ PGS (h)nalh)ns helF￿ to iF￿r&aS¢ th& Gmng in line w7th inffabon. Our inwm• Sn 2024 wa5 s19nffj￿nty inuoased by a left to th8 church by ourfriW￿ Juno Bovn ofsome £Y).650, whith a￿￿nted forat)Lrt tsththirds of OUT tot￿ in¢crfn¢foTthe yw {8xdLbJtn9 irN8Stm￿lr￿0rne). A long t•rrn tr¢nd Isf¢r ourf•es from weddlngs ènd funernks tc be h) de¢Un& and ￿24.$ was1855than haw of what itwas in 2022. Income from our investments. though. have conlinued todo wew. The cCLAG￿￿ Equty Fur￿ incwsed from É124.302 atthe stsrt ofthè year to £i?5,261 atth end. OurCCLA Dwit account had a totsl income for thè of£8,$36 arKI ￿ End￿nna￿t Fund also had a Incom• of£2,362 Th¢ mostslgnificant prol•£t to be ¢omp¢thJ in ts y¢orwas tha réstoration oftha CIC<kf￿ ond roplxom•nt ofth• do¢k rn0￿ment1Or one whth is abla to cmct thetime lolltrAirwJ a power cut or GMTIBSTtim8 chang8S. Th•total ¢ost ofthls pr4act. InCI￿lIng tho wKcessary 5caffokling wAs£31,859. ThIsw85 forfrom a £10.IX4J donation. in * pr•wDU¥ ygar. by Tony Whrtthk8r, VAT cn this project {and som• othw ItnsJ of£Sh15, roco¥8r•d tha Listod plx•s clwoffshlp Grnntscheme. Thls èxp¢ttditure also n￿SSI1￿ted a Transfer of Funts fr¢)m Unreslncted Furwjs thè Rèstrldad Funds ol somg£16.244. We •lltatsd a Parish Shar¢ Lrf7.(CQfor W24. vtkh w• F•kl In fvll. hawfrom unrestric￿ fund and hawfrom Endtrment. Funds. Ther• wèrè # numbgr ofnow ov¢nts stth in 2024. gu¢h as"Br•ahlast Churth. u￿jaI￿ hold on• Sunday In •aeh monlh. The'Knit and N4ttw Group" Mgets￿ on Thu• lunchiimos. AJg0, Shgg*h and &'ll wg•rds•d lh• Thnv•r and EJamon(r neart. which wos enioygd by all L#t• in 2024 thè tar park, rogthmy arround the chuTch and 8tw lo th• qatffway on Church Str•otw•rn T•palr•d and l or Mkntsrmo¢+ Th¢ plans lorthl¥ wer¢ putfoTrvard by L￿d1¢Y M8C and paid forfrom th•"Futur• Ngh Slroets. fundlng progiamm•. Bob Tltrnus A¢llno Tra•$ur•r

ST MICHAEL'S CHURCH. BRIERLEY HILL Contents of the Financial Statements For The Year Ended 31 December 2024 Page Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 4t07

Independent Examinerfs Report to the Trustees of ST MICHAEL'S CHURCH, BRIERLEY HILL We report on the accounts for the year ended 31 December 2024 set out on pages two to seven. Respective responsibilities of Trustees and Examiner The members of the DCC are responsible for the preparation of the accounts. The members of the DCC consider that an audit is not required for this year (under Section 144(21 of the Charities Act 2011 (the 2011 act} and that an independent examination is needed. It is my responsibility to: examine the accounts under Section 145 of the 2011 Act; to follow the procedures laid down in the General Directions given by the Charity Commission {under Section 145151{b} of the 2011 Actl- and - to state whether particular matters have come to my attention. Basis of the independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the DCC and comparison of the account5 presented with those records. It also includes consideration of any unusual items or disclosures in the account5, and seeking explanations from you as members of the DCC 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 as to whether the account5 present a true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, mo matter has come to my attention: {11 which gives me reasonable cause to believe that, tn any material aspect, the requirements - to keep accounting records in accordance with Section 130 of the 2011 Act" and to prepare accounts which accord with the accounting records and comply with the accounting Requirements of the 2011 Act have not been met, or 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. M. J. Grainger & Co. 196 High Street Quarry Bank Brierley Hill West Midlands DY5 2JP Date: Page I

sr MICHAEL'S CHURCH, BRIERLEY HILL Statement of Financial Activities for the Year Ended 31 December 2024 2024 2023 Total funds Unrestricted Restricted Endowment Total funds funds fund5 funds INCOMING RESOURCES Incoming resource5 from generated funds Voluntary income Activitie5 for 8ener3ting funds Investment income Incoming resource5 from charitable actlvltles Fees for Weddings & Funerals Church Hall and Room Letting PCC Fees Notes 35,958 148 2,360 7,552 452 4,021 43,510 600 6,860 6,495 9,792 2.363 8,744 693 6,701 693 6,701 1,028 23,937 Total Incomlng resources 45,860 12,02S 2,363 60,248 48,112 RESOURCES EXPENDED Costs of generating funds Costs ofgenerating voluntary income Fundraising trading.. cost of goods sold and other costs Charitable actlvltles Church Activities 463 463 27,567 480 34,009 3,500 65,076 480 38,107 480 Governance costs Total resources expended 28,510 34,009 3,500 66,019 38,587 NET INCOMINGI {OUTGOING) RESOURCES BFEORE TRANSFERS 17,350 {21,984) {16,244) 16,244 (1,137) 15,7711 9,525 Gross transfer5 between funds Net Incomln81{outgolng) Resources before other recognlsed 8alns and losses Adjustment 1,106 {1,8221 (5,7401 {1,1371 15,7711 (1,8221 9,525 17951 Other recognlsed 8ains/losses Gains/losses on investment assets 10,959 10,599 18,940 Net movement in funds 10,243 15,7401 {1,1371 3,366 27,670 RECONCILIATION OF FUNDS Total funds brought forward 224,834 83,642 2,930 311,406 283,736 TOTAL FUNDS CARRIED FORWARD 235,077 77,902 1,793 314,772 311,406 The notes form part of these financial statements Page 2

ST MICHAEL'S CHURCH, BRIERLEY HILL Balance Sheet As at 31 December 2024 2024 Total funds 2023 Total funds Unrestrirted Restricted Endowment fLJnds funds funds CURRENT ASSEr Debtors Investrnents Cash at b& and in hand Notes 1,604 135,261 102,168 1,604 135,261 181,863 4,327 124,302 185,925 77,902 1.793 239,033 77,902 1,793 318,728 314,554 CREDITORS Amounts falling due wlthln one year 3,956 3,956 3,148 NET CURRENT ASSErs 235,077 77,902 1,793 314,772 311,406 TOTAL ASSETS LESS CURRENT LIABILrriES 235,077 77,902 1,793 314,772 311,406 FUNDS Unrestricted funds Restricted funds 235,077 77,902 1,793 224,834 83,642 2,930 Endowment funds TOTAL FUNDS 314,772 311,406 The Tinancial statements were approved by the District Church Council on behalf bv: and were si8ned on it5 The notes form part of these financial ststements Page 3

ST MICHAEL'S CHURCH. BRIERLEY HILL Notes to the Financial Statements for the Year Ended 31 December 2024 ACCOUNTING POLICIES Accounting convention The FCC is a public benefit entity within the meaning of FRSIO2. The financial statement5 have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individuals accounts of PCCS, and with the Regulations, 'true and fair view provisions, it is also the first year that they have been prepared under FRS102120161 as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities ISORP{FRS1021}. ASs￿s Investments Investments quoted on a recognised stock exchange or whose value derives from them are valued at market value at the year end. Other investment assets are included at PCC'S best estimate of market value. Short Term Deposits These are the cash held on deposit either with CCLA or at the bank. Incoming Resources Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the payment is due. Grants and legacies are accounted for when the DCC receives the amounts due. Dividends, interest and all other income are recognised when received. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headin8S that aggregate all cost related to the cate80ry. Where costs cannot be directly attributed to particular headin8S they have been allocated to activities on a basis conslstent with the use of resources. Any parish share unpaid at the year end is provided for in these accounts as an operational (though not a legall liability and is shown as a creditor on the Balance Sheet. Taxatlon The Church is exempt from tax on its charitable activities. Fund accountlng Unrestricted funds These represent the remainin8 income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts desi8nated by the PCC for fixed assets for its own use for spending on a future project and which are therefore not included in its 'free reserves" as disclosed in the trustees, report. Restricted fund5 These are income funds that must be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts. Endowment Funds These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts. Page 4

ST MICHAEL'S CHURCH, BRIERLEY HILL Notes to the Financial Statements for the Year Ended 31 December 2024 AcfiviTIES FOR GENERATING FUNDS 2024 2023 Fundraising events 600 6,495 INVESTMENT INCOME 2024 2023 Current a55et investment income 8,744 9,792 2024 2023 STAFF COSTS Other salaries and support DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors 1,604 4,327 CURRENT ASSEf INVESTMENTS 2024 2023 Listed investments 135,261 124,302 The following investments are not shown on the Balance Sheet because only the income receivable from these investments can be expended by the PCC. CBF Investment Fund (Clergy Fund) Market value- l January 2024 Net gain Ilossl on annual revaluation 77,853 1,782 Market Value- 310ecember 2024 79,635 Holding at 31 December 2024- 3,444 income shares CBF Investment Fund (General Fund) Market value- l January 2024 Net gain Ilossl on annual revaluation 656 15 Market Value- 31 December 2024 671 Holding at 31 December 2024- 29 income shares CBF Fixed Interest Fund {Clergy Fund) Market value- l January 2024 Net gain Ilossl on annual revaluation Market Value- 31 December 2024 7,795 235 8,030 Holding at 31 December 2024- 5,385 income shares Page 5

ST MICHAEL'S CHURCH, BRIERLEY HILL Notes to the Financial Statements for the Year Ended 31 December 2024 CREDITOR5: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors 3,956 3,956 3,148 3,148 MOVEMENT IN FUNDS Net movement Transfer in funds Between Funds Gains & Losses Adjustment At 1.1.24 31.12.24 Unrestrlrted funds General fund 224,834 17,350 {16,2441 10,959 11,8221 235,077 Restricted funds Church clock face restoration Fabric fund Christmas Tree/Fayre fund Organ fund Craft class Easy exÈr¢ise class New safe fund Bell ringer fund 10,000 (26,244) 59,896 4,021 168 3,904 950 2.724 16,244 63,917 168 3,904 1,000 1,976 6,000 937 50 {748) 937 83,642 {21,984) 16,244 77,902 Endowment funds Endowment fund 2,930 11,137) {5,771} 1,793 TOTAL FUNDS 311,406 10,959 {1,822} 314,772 Net movement in funds, included in the above are as follows: Incoming Resources Resources Movement In funds Galns & Adjustment Transfer expended Losses Between Funds Unrestrlcted funds General fund 45,860 28,510 17,350 10,959 11,8221 116,2441 Restrlrted funds Church clock face restoration Fabric fund 5,615 4,021 31,859 (26.244) 4,021 16,244 Christmas Tree/Fayre fund Organ fund Easy exercise class Craft class New safe fund Bell ringer fund 452 1,200 950 {748) 50 937 937 12,025 34,009 (21,984) Endowment funds Endowment fund 16,244 2,363 3,500 {1,1371 TOTAL FUNDS 60,248 66,019 (5,771) 10,959 11,8221 Page 6

ST MICHAEL'S CHURCH. BRIERLEY HILL Detailed Statement of Financial Activities for the Year Ended 31 December 2024 INCOMING RESOURCES 2024 2023 Voluntary income Gifts 475 1,105 3,452 30.650 7,552 276 43,510 463 330 3,425 Donations Gift aid Legacies Grants Other 2,642 6,860 A¢tivitles for generating funds Fundraising events 600 6,495 Investment income Current asset investment income 8,744 9,792 Incomlng resources from charltable actfvltles Fees for Weddings & Funerals PCC fees Church Hall Letting fees 693 1,028 6,701 16,738 23,937 41,252 Total Incomlng resources Costs of generatlng voluntary income Applying for grants and donations Christian stewardship 60,248 48,112 Fundralsln8 tradln8: Cost of goods sold and other costs Cost of refreshments 463 Charitable artlvltles Organist Salary Qther salaries and support Missionary & charitable 8ivin8 Diocesan parish share Expenses of the incumbent Church running expenses Upkeep of services Printing & Stationery Church maintenance Craft class Easy exercise class 50 90 7,000 6,839 15,136 422 23.731 345 40.368 950 5,552 400 1,200 I,ioo 65,076 38.107 Governance costs Accountancy Total resources expended Net Incomelexpendlture 480 480 66,019 38,587 15.7711 9.525 This page does not form part of the statutory financial statements Page 7

Report of the Trustees and

Unaudited Financial Statements For The Year Ended 31 December 2024

for DISTRICT CHURCH COUNCIL OF

ST JOHN’S CHURCH, BROCKMOOR

M. J. Grainger & Co. 196 High Street Quarry Bank Brierley Hill West Midlands DY5 2JP

DISTRICT CHURCH COUNCIL OF

ST JOHN’S CHURCH, BROCKMOOR

Contents of the Financial Statements For The Year Ended 31 December 2024

Page
Independent Examiner's Report 1
Statement of Financial Activities 2
Balance Sheet 3
Notes to the Financial Statements 4 to 7
Detailed Statement of Financial Activities 8

Independent Examiner’s Report to the Trustees of DISTRICT CHURCH COUNCIL OF ST JOHN'S CHURCH, BROCKMOOR

We report on the accounts for the year ended 31 December 2024 set out on pages two to eight.

Respective responsibilities of trustees and examiner

The members of the DCC are responsible for the preparation of the accounts. The members of the DCC consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 act) and that an independent examination is needed.

It is my responsibility to:

Basis of the independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the DCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as members of the DCC 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 as to whether the accounts present a true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) Which gives me reasonable cause to believe that, in any material aspect, the requirements

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

M. J. Grainger & Co. 196 High Street Quarry Bank Brierley Hill West Midlands DY5 2JP

Date: …………………………………………

Page 1

DISTRICT CHURCH COUNCIL OF ST JOHN'S CHURCH, BROCKMOOR Statement of Financial Activities for the Year Ended 31 December 2024

Notes
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
Activities for generating funds
2
Investment income
3
Incoming resources from charitable activities
PCC Wedding and Funeral Fees
Church Hall and Room Letting
Other incoming resources
Total incoming resources
RESOURCES EXPENDED
Charitable activities
Church Activities
Cost of Generating Funds
Governance costs
Total resources expended
NET INCOMING/ (OUTGOING)
RESOURCES BFEORE TRANSFERS
Gross transfers between funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
5,389
374
154
1,535
4,280
1,085
12,817
13,666
480
14,146
(1,329)
(1,329)
15,695
14,366		 Restricted
funds
£
1,027
1,027
4,469
4,469
(3,442)
(3,442)
11,909
8,467		 Endowment
funds
£
5,000
5,000		 2024
Total
funds
£
6,416
374
154
1,535
4,280
1,085
13,844
18,135
480
18,615
(4,771)
(4,771)
32,604
27,883		 2023
Total
funds
£
8,436
694
23
1,954
4,200
857
16,164
14,404
480
14,884
1,280
1,280
31,324
32,604

The notes form part of these financial statements Page 2

DISTRICT CHURCH COUNCIL OF ST JOHN'S CHURCH, BROCKMOOR

Balance Sheet

As at 31 December 2024

Notes
CURRENT ASSET
Debtors
4
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
5
NET CURRENT ASSETS/(LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
6
Unrestricted funds
Restricted funds
Endowment funds
TOTAL FUNDS		 Unrestricted
funds
£
1,224
15,245
16,469
2,103
14,366
14,366		 Restricted
funds
£
8,467
8,467
8,467
8,467		 Endowment
funds
£
5,000
5,000
5,000
5,000		 2024
Total
funds
£
1,224
28,712
29,936
2,103
27,833
27,833
14,366
8,467
5,000
27,833		 2023
Total
funds
£
233
33,705
33,938
1,334
32,604
32,604
15,695
11,909
5,000
32,604

The financial statements were approved by the Board of Trustees on …………………………………….. and were signed on its behalf by:

…………………………………………………………………………

…………………………………………………………………………

Trustee

Trustee

The notes form part of these financial statements Page 3

DISTRICT CHURCH COUNCIL OF ST JOHN'S CHURCH, BROCKMOOR Notes to the Financial Statements

for the Year Ended 31 December 2024

1 ACCOUNTING POLICIES

Accounting convention

T he FCC is a public benefit entity within the meaning of FRS102.

The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individuals accounts of PCCs, and with the Regulations' 'true and fair view'' provisions, it is also the first year that they have been prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).

ASSETS

Investments

Investments quoted on a recognised stock exchange or whose value derives from them are valued at market value at the year end. Other investment assets are included at PCC's best estimate of market value.

Short Term Deposits

These are the cash held on deposit either with CCLA or at the bank.

Incoming Resources

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the payment is due. Grants and legacies are accounted for when the DCC receives the amounts due. Dividends, interest and all other income are recognised when received.

Resources expended

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 particular headings they have been allocated to activities on a basis consistent with the use of resources. Any parish share unpaid at the year end is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor on the Balance Sheet.

Taxation

The Church is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds

These represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use for spending on a future project and which are therefore not included in its ''free reserves'' as disclosed in the trustees' report.

Restricted funds

These are income funds that must be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts.

Endowment Funds

These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or benefit derived from the capital may be restricted or unrestricted.

Full details of all their restrictions are shown in the notes to the accounts.

Page 4

DISTRICT CHURCH COUNCIL OF ST JOHN'S CHURCH, BROCKMOOR Notes to the Financial Statements

for the Year Ended 31 December 2024

2 ACTIVITIES FOR GENERATING FUNDS

Fundraising events
3
INVESTMENT INCOME
Dividends and interest
Current asset investment income
4
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
5
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts
Other creditors		 2024
£
374
2024
£
154
2024
£
1,224
2024
£
2,103
2,103		 2023
£
694
2023
£
23
2023
£
233
2023
£
1,334
1,334

Page 5

DISTRICT CHURCH COUNCIL OF ST JOHN'S CHURCH, BROCKMOOR Notes to the Financial Statements for the Year Ended 31 December 2024

6 MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
School Uniforms
Messy Church
3 C's
Little Badgers
Churchyard
HLF Project
Sound system
Fisher Trust
Endowment funds
Endowment
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
School Uniforms
Messy Church
3 C's
Little Badgers
Churchyard
HLF Project
Sound system
Fisher Trust
TOTAL FUNDS		 At 1.1.24
£
15,695
273
(345)
1,180
985
3,085
15,389
(8658)
11,909
5,000
32,604		 Net movement
in funds
£
(1,329)
(282)
(300)
200
(3,060)
(3,442)
(4,771)
Incoming
Resources
£
12,817
527
500
1,027
13,844		 Adjustments
£
Resources
expended
£
14,146
809
300
300
(3,060)
4,469
18,615		 At 31.12.24
£
14,366
273
(627)
880
1,185
25
15,389
(8,658)
8,467
5,000
27,833
Movement
in funds
£
(1,329)
(282)
300
200
(3,060)
(3,442)
(4,771)

Page 6

DISTRICT CHURCH COUNCIL OF ST JOHN'S CHURCH, BROCKMOOR

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7 RESTRICTED FUNDS

These are funds which are restricted to the purposes below:-

Fabric Fund - Provision of funds for the repair and improvement of the Church Building.

8 UNRESTRICTED FUNDS

9 ENDOWMENT FUNDS

An endowment given as a specific bequest for the maintenance of a grave in the churchyard.

10 CURRENT ASSET INVESTMENTS

The following investments are not shown on the Balance Sheet because only the income receivable from these investments can be expended by the DCC.

CBF Investment Fund ( Brockmoor Trust)
Market value - 1 January 2024
Net gain (loss) on annual revaluation
Market value - 31 December 2024
Holding at 31 December 2024 - 90 income shares
CBF Investment Fund ( Brockmoor Trust - Slade)
Market value - 1 January 2024
Net gain (loss) on annual revaluation
Market value - 31 December 2024
Holding at 31 December 2024 - 68 income shares		 £
2,034
47
2,081
£
1,537
35
1,572

Page 7

DISTRICT CHURCH COUNCIL OF ST JOHN'S CHURCH, BROCKMOOR

Detailed Statement of Financial Activities for the Year Ended 31 December 2024

INCOMING RESOURCES
Voluntary income
Gifts
Donations
Gift aid
Grants
Activities for generating funds
Fundraising events
Investment income
Dividends and interest
Incoming resources from charitable activities
Church Hall or Room Letting fees
PCC fees
Other incoming resources
Total incoming resources
RESOURCES EXPENDED
Charitable activities
Architects, Surveyors and Consulting Fee's
Missionary & charitable giving
Diocesan parish share
Expenses of the incumbent
Church running expenses
Upkeep of services
Church maintenance
Cost of fundraising events
Support costs
Loan to BHMTC
Fisher Trust
Messy Church, 3 C's, Youth Group, HLF Costs
Recharges
Churchyard upkeep expenses
Governance costs
Accountancy
Total resources expended
Net income/expenditure		 2024
£
485
1,603
3,301
1,027
6,416
374
154
4,280
1,535
6,343
1,085
13,844
15
100
4,000
49
7,778
11
1,194
519
4,469
18,135
480
18,615
(4,771)		 2023
£
262
2,069
3,451
2,654
8,436
694
23
4,200
1,954
6,154
857
16,164
100
4,013
52
6,147
681
753
2,659
14,405
480
14,884
1,280

This page does not form part of the statutory financial statements

Page 8

Report of the Trustees and

Unaudited Financial Statements For The Year Ended 31 December 2024 for DISTRICT CHURCH COUNCIL OF CHRIST CHURCH

QUARRY BANK

M. J. Grainger & Co. 196 High Street Quarry Bank Brierley Hill West Midlands DY5 2JP

DISTRICT CHURCH COUNCIL OF CHRIST CHURCH

QUARRY BANK

Contents of the Financial Statements For The Year Ended 31 December 2024

Page
Independent Examiner's Report 1
Statement of Financial Activities 2
Balance Sheet 3
Notes to the Financial Statements 4 to 8

DISTRICT CHURCH COUNCIL OF CHRIST CHURCH QUARRY BANK

We report on the accounts for the year ended 31 December 2024 set out on pages two to seven.

Respective responsibilities of Trustees and Examiner

The members of the DCC are responsible for the preparation of the accounts. The members of the DCC consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 act) and that an independent examination is needed.

It is my responsibility to:

Basis of the independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the DCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as members of the DCC 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 as to whether the accounts present a true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material aspect, the requirements

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

M. J. Grainger & Co.

196 High Street Quarry Bank Brierley Hill West Midlands DY5 2JP

Date: ………………………………………

Page 1

DISTRICT CHURCH COUNCIL OF CHRIST CHURCH

QUARRY BANK

Statement of Financial Activities

for the Year Ended 31 December 2024

Notes
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
Activities for generating funds
2
Investment income
3
Incoming resources from church activities
PCC Fees
Magazine Advertising Fees
Other incoming resources
Heating contributions
Other incoming sources
Total incoming resources
RESOURCES EXPENDED
Costs of generating funds
Fundraising trading: Cost of goods sold and other costs
4
Charitable activities
Parish share
Governance costs
Other resources expended
Total resources expended
NET INCOMING/ (OUTGOING)
RESOURCES BFEORE TRANSFERS
Gross transfers between funds
11
Net Incoming/ (Outgoing)
resources before Other recognised gains & losses
Adjustment
Other recognised gains & losses
Gains/losses on investment assets
Net Movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
24,435
6,070
691
2,138
390
226
33,950
12,000
480
18,655
31,135
2,815
2,815
108
2,923
40,608
43,773		 Restricted
funds
£
4,936
1,143
1,095
7,174
7,966
7,966
(792)
(792)
(792)
3,476
2,442		 2024
Total
funds
£
29,371
7,213
691
2,138
390
1,321
41,124
12,000
480
26,621
39,101
2,023
2,023
108
2,131
44,084
46,215		 2023
Total
funds
£
32,483
5,355
834
1,996
953
519
42,140
1,970
16,413
480
29,352
48,215
(6,075)
(6,075)
689
(5,386)
49,470
44,084

The notes form part of these financial statements

Page 2

DISTRICT CHURCH COUNCIL OF CHRIST CHURCH QUARRY BANK

Balance Sheet

As at 31 December 2024

Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Investments
9
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
43,773
43,773
43,773
43,773
43,773		 Restricted
funds
£
2,442
2,442
2,442
2,442
2,442		 2024
Total
funds
£
46,215
46,215
46,215
46,215
46,215
43,773
2,442
46,215		 2023
Total
funds
£
44,169
44,169
85
44,084
44,084
44,084
40,608
3,476
44,084

The financial statements were approved by the Board of Trustees on …………………………………….. and were signed on its behalf by:

………………………………………………………………………

…………………………………………………………………………

Trustee

Trustee

The notes form part of these financial statements Page 3

DISTRICT CHURCH COUNCIL OF CHRIST CHURCH QUARRY BANK

Notes to the Financial Statements

for the Year Ended 31 December 2024

1 ACCOUNTING POLICIES

Accounting convention

T he FCC is a public benefit entity within the meaning of FRS102.

The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individuals accounts of PCCs, and with the Regulations' 'true and fair view'' provisions, it is also the first year that they have been prepared under FRS102 (2016)

as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).

ASSETS

Investments

Investments quoted on a recognised stock exchange or whose value derives from them are valued at market value at the year end. Other investment assets are included at PCC's best estimate of market value.

Short Term Deposits

These are the cash held on deposit either with CCLA or at the bank.

Incoming Resources

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the payment is due. Grants and legacies are accounted for when the DCC receives the amounts due. Dividends, interest and all other income are recognised when received.

Resources expended

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 particular headings they have been allocated to activities on a basis consistent with the use of resources. Any parish share unpaid at the year end is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor on the Balance Sheet.

Taxation

The Church is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds

These represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use for spending on a future

project and which are therefore not included in its ''free reserves'' as disclosed in the trustees' report.

Restricted funds

These are income funds that must be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts.

Endowment Funds

These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or benefit derived from the capital may be restricted or unrestricted.

Full details of all their restrictions are shown in the notes to the accounts.

Page 4

DISTRICT CHURCH COUNCIL OF CHRIST CHURCH QUARRY BANK

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2
ACTIVITIES FOR GENERATING FUNDS
Fundraising events
Magazine receipts
Traidcraft income
3
INVESTMENT INCOME
Deposit account interest
Current asset investment income
4
FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS
Magazine production
Traidcraft purchases
Cost of fundraising		 2024
£
7,213
7,213
691		 2023
£
5,355
5,355
834
-
-
1,970
1,970

5 TRUSTEES REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses for the year ended 31 December 2024 nor for the year ended 31 December 2023.

6
STAFF COSTS
Organist fees
7
TANGIBLE FIXED ASSETS
COST		 2024
£
800		 2023
£
840
Equipment
£

At 1 January 2024 and 31 December 20124

DEPRECIATION

At 1 January 2024 Charge for year At 31 December 2024

NET BOOK VALUE

At 31 December 2024 At 31 December 2024 Page 5

DISTRICT CHURCH COUNCIL OF CHRIST CHURCH QUARRY BANK

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

8
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
9
CURRENT ASSET INVESTMENTS
Listed investments
10
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
11
MOVEMENT IN FUNDS
At 1.1.24
£
Unrestricted funds
General fund
40,608
Restricted funds
Building Fund (Church Maintenance)
1,306
Building for the future Fund
Children's work
1,251
Traidcraft
89
Flower Guild
57
Choir
575
Lunch Club
70
Café Church
66
Toddler Time
Sundry
62
Charities
3,476
TOTAL FUNDS
44,084		 Net movement
Transfers
in funds
between funds
£
£
2,815
242
(2,985)
1,928
(5)
(172)
20
(200)
187
(120)
5
324
(62)
26
20
(792)
(242)
2,023		 2024
£
2024
£
2024
£
Adjustment
£
108
108		 2023
£
2023
£
2023
£
85
At 31.12.24
£
43,773
(1,679)
3,174
89
(115)
395
257
(49)
324
46
2,442
46,215

Page 6

DISTRICT CHURCH COUNCIL OF CHRIST CHURCH QUARRY BANK

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

11 MOVEMENT IN FUNDS (cont'd)

Net movement in funds, included in the above are as follows:

Unrestricted funds
Restricted funds
Building Fund
Building for the future Fund
Lunch Club
Children's work
Choir
Church Maintenance
Café Church
Flower Guild
Traidcraft
Toddler Time
Sundry
Charities
TOTAL FUNDS		 Incoming
Resources
£
33,950
1,950
875
3,000
220
40
983
106
7,174
41,124		 Resources
expended
£
31,135
4,935
688
1,072
200
120
212
659
80
7,966
39,101		 Movement
in funds
£
2,815
(2,985)
187
1,928
20
(120)
(172)
324
26
(792)
2,023		 Adjustment
£
108
108		 Transfer
between funds
£
242
(5)
(200)
5
(62)
20
(242)

12 RESOURCES USED

Grants

Grants and donations are accounted for when paid over, or when awarded if that award creates a binding obligation on the DCC.

Activities directly relating to the work of the Church

The diocesan quota or parish share is accounted for when payable. Any quota unpaid at 31st December, but intending to be paid by 22nd February 2025, is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.

Page 7

DISTRICT CHURCH COUNCIL OF CHRIST CHURCH QUARRY BANK

Detailed Statement of Financial Activities for the Year Ended 31 December 2024

INCOMING RESOURCES
Voluntary income
Gifts
Donations
Gift aid
Legacies
Grants
Activities for generating funds
Fundraising events
Investment income
Current asset investment income
Incoming resources from charitable activities
Magazine Sales
PCC fees
Heating contributions
Other incoming sources
Total incoming resources
RESOURCES EXPENDED
Costs of generating voluntary income
Fundraising trading: cost of goods sold and other costs
Cost of refreshments
Charitable activities
Organist salary
Clergy expenses
Missionary & charitable giving
Diocesan parish share
Other ministry costs
Church running expenses
Upkeep of services
Printing & Stationery
Training, mission & deanery
Church maintenance
Miscellaneous
Governance costs
Accountancy
Total resources expended
Net income/expenditure		 2024
£
6,809
1,078
17,501
3,983
29,371
7,213
691
2,138
390
1,321
3,849
41,124
800
710
80
12,000
5,506
16,354
356
2,544
97
174
38,621
480
39,101
2,023		 2023
£
6,462
5,658
17,363
3,000
32,483
5,355
834
1,996
953
519
3,468
42,140
1,970
840
760
1,202
16,413
1,246
22,009
475
2,566
253
1
47,735
480
48,215
(6,075)

This page does not form part of the statutory financial statements

Page 8