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￿n*ty inuoased by a left to th8 church by ourfriW￿ Juno Bo*vn 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**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: - 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 145(5)(b) of the 2011 Act); 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 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 - 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 (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