The Parochial Church Council of the Ecclesiastical Parish of Bushbury Wolverhampton Also known as 1) Bushbury Parochial Church Council 2) Bushbury PCC End of Year Financial Statements For the year ending 31.12.2023 Registered Charity Number: 1133845 PaRe I
The Parochial Church Counell of The Parish of Bushbury Wolverhampton Trustees, Annual Report for the year ended 315t December 2023 Ob'ectives and Activities The Parochial Church Council of The Parish of Bushbury Wolverhampton (the PCC) has the responsibility ofco- operating with the incumbent Rev Dr lan Poole, in promoling in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelical, social and ecumenical. The PCC is also spiritually responsible for the maintenance of the church The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at Bushbury Wolverhampton. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practi through prayer, scripture, music and sacrament. Also. through non sacramental activities of hospitality and fellowship we aim to reach non churched members of the community. Public Benefit The trustees of the Charity are aware of the Charity Commission's guidance on public benefit in The Advancement of Religion for the Public Benefit and have had regard to it in their administration of the Charity. The trustees believe that, by promoting the work of the Church of England in the Ecclesiastical Parish of Bushbury Wolverhampton, it helps to promote the whole mission of the Church {pastoral, evangelistic, social and ecumenicall more effectively, within the Ecclesiastical Parish, and that in doing so it provides a benefrt to the public by.. Providing facilities for public worship. pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers.. and Promoting Christian values and SeN1 by members of the Church in and to their communities, to the benefit of individuals and society as a whole. Under the Pastoral Scheme operating in the Parish, Clergy, Parish Wardens and District Wardens are by virtue of posl members ofthe PCC. Each District Church elects 3 persons to represent them at the PCC. Each District Church elecls 2 Deanery Synod representatives who also serve on the PCC. Each new member is briefed on the roll and responsibilities of the PCC at the first meeting. In addition, the PCC has copies of'Handbook for Churchwardens and Church Councillors, as well as copies of relevanl schemes and measures. The treasurer briefs members of their responsibilities with regard to Charity Commission. The PCC appoints a Standing Committee to deal with issues which may aris8 from time to time outside of the normal meeting schedule. Page 2
Achievements and Perfomiance Mission Statement To know God and make him known. To stand still and grow in the awareness of the majesty and love of God that we might run and tell those who are outside in the cold, wherever that might be. It would be our intention to review this statement within the coming year Other Objectives To create a culture and atmosphere, which encourages and enables individuals to encounter the transforming love of God. To demonstrate together what it means to be faithful disciples. To grow in an understanding and practice of Christian community that we might influence and servè our surrounding community. To spread the growing kingdom awareness in our midst, by word and witness. in a way that is relevant to our local culture. To grow both in depth of maturity and numerically. To grow in our financial capacity. which will in turn contribute lowards facilitating mission. Contribution of Volunteers The Parish is committed to every member ministry. This has many expressions across the Parish, and members of the Church offer their service voluntarily. Strategles Organisational To enhance teamwork across all aspects of congregational and parish life, ensuring effiGiency and effectiveness through regular evaluations. To replicate and integrate this model of teamwork within the substantial involvement of lay members. To develop and streamline administrative systems to better support the operational aspects of the Parish, thereby releasing Clergy and Lay resources to envision and deliver key objectives. The Parish Administrator continues to be a great asset in helping to maintain this vision. Following the Team Vicar's relirement in 2021 and an ensuing vacancy, a new Team Vicar was appointed in October 2023. A Self-supporting Minister was also welcomed to the team. Spiritual Increase enthusiasm for and time spent in prayer and worship To use off the shelf and in-house courses to understand the call of discipleship. To spend lime enjoying each other's company first in the District Church and where appropriate across the Parish. To invite outsiders in on their terms and determine effective 'outreach' To continue to meet together as bolh Clergy and Lay, discerning our urgent priorities. Page 3
Service's Available for Public Worship The table below sets out the current pattern of setvices across the Parish. Occasionally setwices are organised across the parish or with other churches from across the city. week st Mary St Mary St Mary St James Good Shepherd 9.00 10.30 9.45 11.00 Communion- Common Worship Family Service called The Gathering with Sunday Club The Gathering with Sunday Club All Age Worship Teaching Communion- Common Worship Memorial As advertised 6.30 Holy Communion Family Communion - Common Worship The Gathering All Together with Communion The Gathering with Sunday Club All Age Worship Celebration Communion- Common Worship All Age Worship Holy Communion kaka Communion- Common Worship The Gathering All together with Sunday club All Age Worship Café Worship Baptism Policy The Church welcomes Children for Baptism. We understand that Church and parent(s) together have a responsibility lo meet, so that through the Church's teaching and explanation the parentls) requesting Baptism understand the Sacrament of Baptism and the Christian commrtment involved in the Baptismal responses. (PCC 10.02.2000). The Importan of due preparation is Ihus emphasised and the need to demonstrate an active Chrislian faith, as evidenced by regular church attendance. Generally adult baptisms are by full emersion. A service of blessing is offered to all those who do not wish to undertake such a commitment, and this option is becoming more common. This policy was reviewed in the Autumn of 2016 and was affirmed by the PCC in the spring of 2017. (PCC 2nd February 2017) Weddings and Funeral Policies Weddlngs The Church welcomes couples for marriage. We offer a Deanery based wedding preparation cours6. The Parish accepts the principle that there are circumstances in which a divorced person may be married in church during the lifetime of a former spouse. (PCC 25.05.2000) The Parish therefore follows the Diocesan Guidelines on the Remarriage of Divorced Couples in Church. Page 4
Funerals Funerals constitute a very significant share of Clergy workload averaging around 200h of their time. They are also a vital 'shop window, for ourselves in Bushbury Parish. The Parish considers it a privilege to take part in this service lo the community and a privilege to disperse abroad the hope we have in Christ. For every funeral undertaken where at all possible the Clergy will endeavourto see and discuss with the relalives, the funeral Se1. All funeral services will have three main components.. A liturgical framework in keeping with the Church of England, Common Worship Pastoral SeNiGes. An accurate, meaningful and positive arKount of the life of the deceased. An appropriate and sensitive sharing of the Christian faith. Following the funeral. it may be appropriate and feasible for Clergy or lay persons to visit the bereaved. However, this may not always be practical and we recognise that it is not always welcomed. A service of memorial for the Parish is held Every 6 months at St Mary's and all those who have had a funeral seNice conducted by the team are invited to attend, along with those whose first anniversary it is. St Mary's is open on one of the following Salurdays for those who wish to come for prayer and quiet reflection. The Good Shepherd holds memorial seNices per year on the second Sunday of May and November. St James holds one memorial service per year usually during November. Mission Acttvities through Communlty Evènts School Assemblies Little Angels- A carers and Babyodd7er Group based al St Mary's Moms and Toddlers- A carers and Babyrroddler group based al St James Coffee Mornings Based at The Good Shepherd. an opportunity to invite the community into an informal gathering. The Good Shepherd have experimented with holding a tabletop sale running alongside coffee morning as a way of drawing in more people from the community and raising funds forthe local foodbank which benefits vulnerable families in the locality. Stand-alone events have been increasingly successful and we are looking into making it a regular feature, Good Shepherd Companions - An over 50's club based at the Good Shepherd Cameo- a monthly social group at St James's meeting on the 3rd Monday monthly for a variety of aclivities and events. 3 C's Group- an open social group at St James, meeting on other Mondays for coffee, Cake and chat and a time of fellowship and encouragement. Oasis wornen's group meeting on alternate Mondays at St Marys for fellowship, adivities and reflection. St Mary's launched Messy Church from June 2023. Messy Church values are about being Christ<entred, for all ages. based on creativity, hospitality and celebration Carol Singing in local community shops and cafes Courses, Study Groups Various expressions of'sunday School, operate in each church on a Sunday. Lent House Groups Discipleship Groups and home groups Alpha courselyouth Alpha during the autumn of 2023 Confirmation classes as necessary A men's group based around breakfast and then teaching meets approximately On a month at St Mary's Hall and is open across the parish. St Marys now have two study groups one continues on Zoom and one has started up live. Wednesday Life Group evening prayer and bible study at the Good Shepherd open to all across the parish. Page 5
Worship and Prayer Events Weekly 'Waking the Dawn, prayer. Wednesday Lunch time prayer at the Good Shepherd st Mary's weekly prayer on a Thursday morning St Jarnes Prayer meeting on a Thursday moming. One off Achievements The Parish undertook a week-long mission in collaboration with Iwo other churches from across the city and in partnership with a team from Through Faith Missions. Many homes were visited and the good news ofthe gospel shared,. local schools and care homes were also included and a series ofplanned prayer walks look place across the parish. Fuelled by the response, an Alpha course was launched in the autumn. which has led to the formation of a parish-wide network of liferoUpS to support those new to faith and growing in discipleship. and to demonstrate Christian community where we live. The parish also hosted Through Faith Missions annual meeting in the autumn of 2023 Christmas Tree Festival based at St Mary's stma Working to make ourselves fit for the 21 cèntury with the help of L8ading your Church into Growth. To continue to prepare ourselves to be renewed by the spirit Reviewing sunglmusical worship Implementation of changes to Sunday services. 9.00am now Common Worship with Songs and communion. The Gathering introduced. Less formal settings to seNices. Sunday Club now three Sundays per month. Communion once a month al 10.30 Continuing to develop Sunday School and Messy Church To interact more with the wider ¢ommun¢ty St James,. To make the Sunday services more family and children friendly. To grow in prayer Good She herd To continue to seek an increased sense of God's presence among us To encourage seekers into a deeper revelation of what a Christian is To develop our sense of hospitality and welcome as we demonstrate the love of God. To explore ways to enable children and young people to feel a valued part of the church today and equip them to become the church oftomorrow. Page 6
Reserves Policy Charily Commission guidan is to try to maintain a balance on free reserves {net current assets) which equates to at least three months unrestricted paymenls. This is equivalent to £31,92512022 £36,7061. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balan of the free reserves at the year-end was £36,56012022 £30,178] which is marginally higher than this target. Funds will be either entered into unreslricled, designated or restricted categories in the accounts depending on the requests of the donors or the will of the DCCS at each church. Where there is no immediate intent to utilise the funds, they will be transferred to interest bearing savings accounts. No new endowments have been created in 2023. The members believe primarily that the giving of the regular congregational members of each church should cover the expenditure incurred. It is recognised that fundraising in some circumstances can be part of outreach and supportive of the churches aims to encourage community interaction and will be considered on a Case-by-case basis. The aim of each church is to ensure that a minimum of 10 % annual income is spent on home and overseas mission and details of which charities are supported is contained within the accounts of the individual churches. There have been several anonymous donations during the year although not individually of a signrficant value. These have been welcome. Safeguarding The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops, guidance on safeguarding children and vulnerable aduhs} Reporting Serlous Incldents A Serious Incident is an adverse event, whether actual or alleged, which results in or risks significant harm to the charily's beneficiaries. employees, office holders, volunteers or to others who come into contact with the charity through its work, loss of the charity's money or assets, damage to the charity's property or harm to the charity's work or reputation. The trustees are not aware of any Serious Incidents in the last year Fundraising The PCC takes it fundraising responsibilities seriously and is very grateful to all donors whether regular or occasional - for their support of the church and church events. PCC supporters are never taken for granted. The PCC také full responsibility for fundraising and do not use commercial organisations or professional fundraisers. All money raised is either by donations, fundraising events, special appeals or legacies for which the PCC are most grateful. Volunteers The members of the PCC would like to thank all the volunteers who work so hard to make our Church a lively and vibrant community. Page 7
Risk Management The PCC are responsible for the financial health of the Parish and legally responsible for any debts or mishandling of funds. The PCC apportion the Parish Share each year across the District Churches, on advice from the Standing Committee and District Treasurers. The PCC re1ve reports from the Parish Treasurer, at each PCC meeting, on each District Churches progress in meeting their obligations. Should a District Church run into difficulties the Stsnding Committee meet with District Treasurers, to assess if re apportionment of the share would be helpful and to review what other action might be considered. At each DCC meeting the District Treasurer presents an update on that Districts financial activity. Signatories lo cheque books are always two persons, signed at the point of issue. No one person has acKess to Parish accounts or monies. The District treasurer is not involved in the verification of Sunday collection monies,. this is done by an independent team. Gift Aid is verified by standing order to the bank or an envelope scheme. Each District Church has a Gift Aid Secretary. The PCC does not allow the District Churches to Spend more than £4,000 on a single project without consent from the PCC. (PCC 10.07.08 6iii} In this way the PCC can assure itself of the financial health of the Oistrict Church and that sufficient funds are available and will not lead to the PCC becoming indebted. The Districl Churches produce annual accounts that are presented for scruliny al the DCC AGM'S. The District accounts are then merged to form the PCC accounts. the official accounts of the Parish. The Parish abides by the rules as laid down by the Diocese. and as the joint accounts are over £100,000, they are independently examined. The PCC AGM appoinls the Independent Examiner. Reputation - The PCC has responsibility for ensuring both legal and voluntary guidelines are in place. The PCC also draws up policy on a number of issues to ensure consistency of approach across the Parish and that everyone is dealt with fairly. Current PCC policies include Baptism, Wedding and Funeral policies. The PCC have agreed that the parish would accept the ministry of women priests. The PCC also have a policy covering fund raising, raffles and gambling. The policy with regard to fund raising was reviewed and amended during 2008 (PCC 16.10.08 611). The PCC have an agreed policy on Child Protection, and has a Parish Child Protection Officer. Each District Church adheres to the policy and has appointed a local Child Protection Officer. A full review ofthe policy was carried out and accepted by the PCC during 2016 {PCC 20.10.16 item 8}. The PCC has ado Safeguarding The Handling of DBS Disclosures The Security of Personal Information The Employment of Ex-offenders An Equal Opportunities Policy An Appeals and Complaints Procedure (pre appointment) Compliance with the Data Protection Act & GDPR 2018 Sickness and Absence Guidelines Discipline and Appeals Procedure Grievance Procedure Harassment Policy Ifvhistle Blowing Policy standardised Contract of Employment & offer letter ted olicies on the followin Statutory and Legal The PCC delegates its responsibilities for the maintenance, care and safety of Feople and buildings in the Parish to the DCC'S. Each District Church has the following measures in place-, A Quinquennial report. The report details work that should be carried out in order to keep the church building in a fit condition for purpose. This report includes an electrical inspection. The DCC is responsible for working through the reGommendalions ofthe Quinquennial. Each District Church carries insurance for their Church and where appropriate the Church Hall. All the District Churches are in the Ecclesiaslical Insuran Group Scheme. A Health and Safety Policy and Accident Book. Health and Safety appears as an agenda item at DCC and PCC meetings. A Fire Risk Assessment Report An Asbestos Report. Each Building has had its access reviewed with regard to the Disabilily Discrimination Act. Page 8
The Church Yard at St. Mary's has been closed to new burials since 1979. The local council are responsible for the care and maintenance of the Church Yard. St Mary's DCC and Wardens cooperate fully to ensure a safe environment. Operational - The PCC understands operational risk management to mean action in the event of, fire, flood, failure of power supply, gas leak, or other disruption that would make the Church unusable for its public ministry As a Team Ministry all clergy have access to other churches within the team and a list of key holders and contacl numbers are available to the clergy and wardens in order to gain access to another church in an emergency. Longer term measures can then be considered as necessary. Structure, Governance and Management The PCC is a Body Corporate established by the Church of England and is a Charity registered with the Charity Commission under registration number 1130297. The PCC is governed by the Parochial Church Council Powers Measure11956) as amended that came into effect on 2r January 1957, and the Church Representation Rules {contained in Schedule 3 to Ihe Synodical Government Measure 1969 as amended). The method of appointment of the PCC members is set out in the Church Representation Rules. The Council comprises the Incumbent, the Churchwardens, a representative of the Readers, those elected to the Deanery Syn¢xI, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. The PCC members receive training from courses run by the Diocese. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. The PCC met 5 times in 2023. IGiven its responsibilities. the PCC has a number of sub committees, each dealing with a particular aspect of parish life. These include Finance and Standing Committee. Each reports back to the PCC with the minutes of their meetings.] Related Parties There are no related parties employed by the PCC or awarded contracts for work Donations from Related Parties Donations from 13 related parties IPCC Membersl during the year totalled £26.29012022 £25,530]. Al these donations were received without conditions. Remuneration paid to Trustees None of the trustees have been paid any remuneration or reiVed any olher benefits from employment with the PCC or details of any Iruslee that was paid Expenses paid to Trustees No Trustee expenses have been incurred during thè y8ar. Page 9
Charity name The Parochial Church Council of the Ecclesiastical Parish of Bushbu Wolverham ton Other names charity is known by 11 Bushbury Parochial ChurGh Council 2} Bushbury PCC Registered charlty number (If any) 1133845 Charity's principal address (eg. Address of the church or church office) The Parish Office. The St Mary's Church Hall Bushbury Lane Wolverhampton Postcode WV10 8JP Website.. www.bushburyparishchurch.co.uk PCC Members: Who Serrfed from 1 January 2023 to the date this report was approved Dates acted if not for whole eriod Trustee name Office (if any) Ex-officio Rev Dr lan Poole Team Reclorlchair Rev Taiwo Olumuyiwa T8am Vicar 22 October- 31 Dember 17 September- 31 December Rev Emmanuel Salako Self Supporting Minister Jacquie Mullelt Karen Adcock PCC WardenlDeanery SynodlPCC Treasurer PCC WardenlGood Shepherd WardenlDeanery Synod Sl Mary's Warden St Mary's WardenlDeanery SynodlPCC Secretary Good Shepherd Warden Deanery Synod Richard Todd Mike Hotchkiss Christine Dean Jessica Bate 30 March- 31 December Kerry Holt Steve Vince Deanery Synod Deanery Synod 1 January- 30 March 30 March- 31 Dember Elected members lan Harris Steve Vin 1 January- 30 March Pat Chadwick Adrian McDowell Nick Gardner Ann-charlotte Holman Jessica Bate 1 January- 30 March Lyn Hyde Peter Kelly 1 January- 30 March Page 10
Bank Metro Bank One Southampton Row London WC1 B SHA Independent Examiner Jonathan Hill Lichfield Diocesan Board of Finance St Marys House, The Close. Lichfield. WS13 7LD The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(5) Michael John Hotchkiss Full name{s) Position (eg Secretary, Chair, etc) PCC Secretary Date (eg. Dat¢ of the APCM) 21" March 2024 Page 11
Independent Examiner's report to the trusteeslmembers of Bushbury Parochial Church Council Registered charity number= 1133845 I réport on the accounts for the year ended 31. December 2023 which are set out on the following pages. Res ective res onsibilltles of the Trustees and Inde endent Examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibil(ty to examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(51{bl of the Charities Act, and to state whather particular matters have come to my attention. Basis of Inde endent Examine5 Statement 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 charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the acGounts, and seeking explanations from the trustees cOnrnIng 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 malters set out in the statement below. Inde endent Examiner's Statement In connection with my examination, no material matters have come to my attention (other than that disclosed below '} which gives me cause to believe that in any material respect.. accounting records were not kept in accordance with section 130 of the Charities Act or the accounts do not accord with the with the accounting records the accounts do not comply with the applicable requirements conceming the form and content ofaccounts set out in Ihe Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give atrue and fairviewwhich is not a matter considered as part ofan independentexamination. I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets rfthey do not apply. Signed.. Jonathan Hill FCMA CGMA Lichfield Diocesan Board of Finance St Marys House, The Close, Lichfield. WS13 7LD Date.. Page 12
The Parish of Bushbu Wolverham Notes to the Financial Statements For the year ended 31, December 2023 ton Accountlng Policies The PCC is a public benefit entity within the meaning of FRS 102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCS, and with the Regulations Irue and fair view" provisions. They have also been prepared in accordance with the Charities SORP IFRS 102}. The financial statements have been prepared under the historical cost convention with items recognised al cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are infomial gatherings of Church members. There may be minor discrepancies in the totals as the pence are not being shown. Cashflow Statement The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a Cash flow slatement on the grounds that the income does nol exed £500,000. Going Concern There are no material UnrtaIntieS related to events or conditions that cast signifiGant doubt on the charity's ability to continue as a going concem. Accounting Estimates and Prior Year Errors No changes to accounting estimates have occurred in the reporting period. No material prior year errors have been identified in the reporting period. Funds Funds are either entered into unrestricted. designated or restricted Categories in the accounts, depending on the requests of the donors or the will of the DCCS at each church. Poge 13
Description of Funds Unrestricted funds are 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 or for spending on a future project and which are therefore not included in its "free reserves" as disclosed in the trustees, annual report. An explanation of purpose of each Designated fund are as follows: Used for maintenance and repair to the building. Ringfenced from Hall Hire income as agreed by DCC identifies the ringfend giving to charilies as decided by DCC good Shepherd share of sale of Coven Heath Mission Church. Diocese suggestion it would be good for the money to be used for mission but not essential to identify various Maintenan costs and income for the Church Building - Building Fund CHARGIVIND - Charitable Giving D CHL . Coven Heath Legacy CHRCHMAIND- Church Maintenance Charity- Charity Fund Used to identify the 10 % ring-fenced charilable contributions amount. Charities to be supported are decided by the DCC. Used for any children's work related expenses. Contribution from the Thursday Coffee Morning Group to St James. Children - Children's Work Coffee- Coffee Morning Contin- Contingency Essentially an emergency fund should an incident occur which needs urgent attention as it would affect the viability of having income from the building proceeds from the sale of coven heath mission church. Diocese suggests it is used for mission, but it is not restricted to that purpose. identifies income from hall hire and any expenses relating to the hall this is to identfy the value of St Mary's Church Hall Iwhich is a fixed Asset] identifies donations for and expenses of mission and outreach events, eg running an Alpha Donations made- donl want part given to charity CovenHeath - Coven Heath Outreach HALL - Hall HALL-ASSET- Hall Asset MISS-DES- Mission SpecDon - Specific Donations Page 14
Restricted funds comprise of elemenls.. al income from trusts or endowments which may be expended only on those restricted objects provided in the temis of the Irust or bequest b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried foward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. An explanation of purpose of each Restricted fund are as follows= Building - Building Fund Used for maintenance and repair to the building. For the maintenancelupkeep oflhe Chancel {from Chancel Repair Liability receipts) CHANCEL - Chancel Llablllty For the maintenancelupkeep of the church fabric, including organ (from the combination of a number of funds for these purposes many years ago, plus more renI donations specifically for this} For the maintenancelupkeep of the churchyard {from several donations specifically for the churchyard} One off donation specifically for new church lap top. June 2023 Used for any children's work related expenses. The restricted amount only states to support children's work at St James. CHRCHMAINT - New Church Maintenan CHURCHYARD - Churchyard COMP - Computer Fund Children - Children's Work DONAT-F4- Donation Fund 4 For any costs related to the setting up and operation of live streaming in the church (from a donation specifically for this) For Vicars House redecoration Decor - Lichfield Decoratlon For mission and outreach expenses and related outgoing donations (from the combination of a number of funds for mission and outreach many years ago. plus more recent donations spe¢ifically for this) For the decoration of the rectory {from donations specifically for that purpose with diocesan contributions) The capital is for the upkeep of the Steward Family graves, with the interest available for the DCC to use as it so wishes li.e. General Fund), as per the Will of Prof. Sleward. For the maintenancelupkeep of the war graves in the churchyard (from a grant from the Commonwealth War Graves Commission specifically for this purpose} MISSION - Mlsslon & Outreach RECTORYDEC - Rectory Docoration STEWARD- Prof Steward (Church WARQRAVES - War Graves WORSHIPLDR- Worship Leader For costs related to the Worship Leader (primarily salary but also training, etc.) (Nole this is a constructive trust. as per the wishes of the donor} Page 15
Endowment funds 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 other benefil derived from the capital may be restricted or unrestricted. Full details of all their reslriGtions are shown in the notes to the accounts. An explanation of purpose of each Endowment fund are as follows: The PCC does not hold any Endowment Funds In¢ome Planned giving, collections and donations are recognised when reIVed or when the PCC becomes entitled to the resource and the monetary value Can be measured with sufficient reliability. Tax refunds are recognised when the incoming resource to which they relate 15 received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due and the monetary value can be measured with sufficient reliability. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. Exponditure Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when il is incurred and is accounted for gross. Governance and Support Costs Support costs should be allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the PCC and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources eg by allocating staff costs by time spent and other costs by their usage. Flxed Assets Consecrated and benefice property is not included in the accounts by s.10121{al&{Cl of the Charities Acl 2011. Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the Church's inventory, which can be inspected (al any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets exceeds 50 years, 50 that any depreciation charges would be immaterial. Investments Investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at market value at the year end. Investments held for re-sale are treated as Gurrent asset investments. Debtors Debtors are measured on initial reGognilion al settlement amount. Subsequently they are measured at cash expected to be received. Creditors and Accruals Creditors are measured at settlement amounts less any trade discounts. Accruals are measured on best estimate of the amount required to settie the obligation at the reporting date. Page 16
Statement of Financial Activities for 2023 Unre5trict¢d Designated Restricted Endowment fund5 funds funds funds Total Prior year funds total funds In¢omo and ¢ndowm8nts from: Donaiions and legacl&s Inwme from ¢harilable a¢tivrties Other trading activrties Investments Other inGotne Total income 1,050 50 7.296 93 2,318 110 114,381 6.654 21,203 750 148.32S 11.322 15,074 6.494 13.907 657 9.894 141,965 8,489 2.428 152.8B2 175.Q09 Expendlture on: Raising Funds Expenditur8 on charrtaèl8 ac*vth8s Total expenditure 123 127,576 127.699 123 163.890 164.013 138 22.787 22.787 13.527 13.527 166,186 Net Income Iloxpenditurel resources befor• transfer 14.266 114.2981 111,0981 18.822 Transfers Gr055 transfers between funtls- in Gross transfers between funtls- out Other re¢ognls¢d galn$ I loss¢$ Gain5 1 losse$ on investment assets Gain$ on revaluathtin. frxed assets. charfty's own use Net movement in funds 1.404 19,2871 11.478 12.20SI 12.879 112.8791 27.149 127,1491 11.388) 6,382 15.0291 112.4841 18,822 Reconclllatlon of funds Total funds brou -.ht forward Total funds Garried forward 159 463 154.435 246 967 235,836 228 145 246.967 36,560 44,842 Page17
Balance sheet for 2023 Class and code Description This year Last year Fixed assets 6430 Church Hall Total Fixed assets 125,000 125,000 125,000 125.000 Current aets 6500 6501 6502 S505 6507 6510 6511 6515GS 6S15SM 6590 Z05 METRO BANK Current Account Bank HSBC current accounl Go op Current Account Co op 14 Day Account Co-operative Bank current account CCLA ICBFI deposit 8ccount CCLA ICBFI deposit account Lichfield Decoration Account Li¢hfield Decorallon Account Cash in hand Accounts Receivable Total Current assèts 7.447 27.742 16.188 8.111 33,555 19,580 1,572 12,884 24,496 11,013 8,018 50,818 18,972 1,523 1,385 10 10 106 7,381 121,691 2,754 131,883 Llabilitles 6699 £04 Agency collections Accounts Payable Total Liabilities 5.980 7.383 10,854 9,916 Net Asset surplusldeficiti 235 836 246 967 Reserves Excess I Ideficitl to dale Starting balances Total Reserves 111,131} 246,967 235,836 18,822 228,145 246,967 Z01 Represented by funds Unreslrioted Designated Reslri¢ted Endowment Totsl 36,560 154,435 44.842 30,178 159,483 57,326 235,838 246.967 Approved by the Parochlal Church Council on 21st March 2024 and signed on its behalf by: Signature: The notes on the following pages form part of these accounts Page 18
Statement of assets and liabilities for 2023 G¢ner&l Desl nated Restrlcted Endowment This Last ear FIx8d assets- Tanglblo assets Church Hall- 125,000 126,000 125.000 125.000 125,000 125.000 Totals Current assets- Cash at bank and in hand METRO BANK Current Account- Bank HSBC current account- Co op Current Account- Co op 14 Day Account- Co-operative Bank current account- CCLA ICBFI dep0511 account- CCLA ICBFI deposit account- Lichfield Decoration A¢¢ounl- Lichfield Decoration Account- Cash in hand- 2.357 7.798 15.494 5,090 177 7.447 27,742 16,188 12.884 24.496 11.013 8.018 50.818 18.972 1,523 1,385 19.766 418 1,470 1,572 6.293 26,846 18.110 33,555 19,580 1,572 10 1c6 114,310 106 29.212 Toial$ 34.170 50,927 129.129 Current a5se15- Debtors A¢¢ounts ReCeivae- 7.287 7.287 94 7.381 7,381 2.754 2.764 Totals Llabllltles- Agency accour Agency collections- 5,980 5.980 5,980 5.980 7.383 7,383 Totals Llabiliti8s- Creditor5- Amounts falling du? In one year Accounts Payable- Accounts Payable- 1801 4.829 106 4,874 1,725 807 2,533 Total$ 1601 4.829 106 474 t3tartd total 235 636 246 967 Statement of assets and Ilabllltles for 2022 Class and nomlnal cod? General Desi nated Res¢ri¢ted Endovmient Totsl La$t ear Fixed Asset-Tanglble Assets 6430.. Church Hall 125.000 125,000 125.OCrt) 125,000 125,000 12S,000 Total urrentAss*t- Cash At Bank And In Hand 8500.. METRO BANK Current A¢¢ounl 6501." Bank HSBC current attount e502. Co op Current Account 6505.. Co op 14 Day Account 6507,. Co-weralive Bank current a¢court 6510, CCLA ICBFI deposit account 6511. CCLA ICBFI deposit aecount 6515GS." Lichfi&ld Decoration Account 6515SM. Lichfield Decoration Aco)unt 6590." Cash In hand 6590.. Gash In hand 5,946 5,022 10,864 6,937 177 12,883 24.495 11.012 8.017 50.818 18.971 1.522 1.384 10 19.295 15.915 15.225 8,007 38,51e 18,725 1,4 1,384 8.017 8,541 1,821 861 1,522 40,455 18,109 1.384 10 Ttstal 26,050 35.854 67.222 129.128 99,398 Current As50t- tlebto Z05." Accounts Receivable Z05.. Accounts Receivable ZOS.. Accounts Receivab 2,119 2.754 2,754 2,754 2.754 4.032 6.686 Totsl Ll8blllty- Agency Accounts 6699.. Agency colkctions 699.. Agency colkctions 8699.. Agency colkction5 445 445 522 128 8,846 9,296 S.937 7,383 6.937 7.383 Totsl Liability. QdIt'. Amounts Falling Due In One Year Z04" Accounts Payable Z04. Account$ Payable Z04.. Accounts Payable 1,271 1.480 11,5821 11.5821 16 7.711 7.739 120 1.391 Total 11,3731 2.513 2.532 Ngt totsl a6s8ts 1S9463 246.966 Page 19
Fund movement by type for 2023 enin Incomin Out oin Transfers Gaills/losses Closi Bullding- Bulldlng Fund Designated Restricted 7,320 148 7,468 2.771 856 3,627 4.329 310 4,839 5.763 693 6,456 Su101a1 for Building CHANCEL. Chan¢el Llability Reslrthd 10.041 10,041 10,041 10.041 Sulhtotal for CHANCEL CHARGIVIND. Charltsblg Givlng D D¥YJnated 5.482 5.482 5.520 5,520 5.075 5,075 5.037 5,037 sub.total for CHARGIVIND CHL- Coven Heath Legacy Designated 93 93 6.111 6,111 Sub-total for CHL 6,01B CHRCHMAIND- Church Malntenance Desvjnaled 50 Sub-totsl for CHRCHMAIND 2,216 2,166 CHRCHMAINT. New ChurGh Malntenan Restricted 110 110 Sub-totsl for CHRCHMAINT 110 CHURCHYARD- Churchyard Restricted 87 87 95 95 Sub-total for CHURCHYARD COIJJP. Computer Fund Restricted 700 700 699 699 Sub-total for COMP Charity- Charity Fund Designated 2.552 2.562 2,552 2,552 Sub.totsl for Chorlty Ch¢ldren- Children's Work D851gnated Restricted 290 177 467 290 177 467 Sub-total for Chlldren Coffee- Coffee Morning De$ignated 320 320 320 320 SU10181 for Coffoè Contin. Contingèn¢y DÈsKJnated 2.OOD 2,000 st01a1 lor Goniin 2,000 CovenHe8th- Coven Heath Outw¢h Designated 4,844 329 329 Sub-total for CovenHeath 4,Sf4 DONAT-F4- Donatlon Fund 4 Reslrthd 882 682 682 682 Sub4otal for DONAT-F4 Decor- Llchfleld Decoratlon Restricted 1.385 1,385 1,385 11,3851 Sub-total for Decor General- General fund Unrestncted 141.965 141.965 127,899 127,699 7.884 17.8841 38.580 36.560 stOtal for General 30,178 HALL- Hall Designated 534 534 5,565 5,565 7.763 7.763 Sut*total fol HALL 1.664 Page 20
HALL-ASSET- Hall As$et De519naled 125,000 125,000 125.000 125.000 sub.total for HALL-ASSET MISS.DES. Ml$$lon Designated 2,405 2.405 10 10 2.188 12.1B81 150 150 Sub-totsl for MISS-DES 77 MISSION. Mlsslon & Outreach Restricted 4,712 4.712 590 $90 2.879 2.879 Sub-total for MISSION 2,422 RECTORYDEC- Rectory Decoratlon Reslrthd 10 10 10 10 sub.total for RECTORYDEC STEWARD- Prof Steward (Church ReStrted 18.110 18,110 18,110 18,110 Sub4otal tor STEWARD SpocDon- Sp¢ciftc Donatlons Designatetl 5,250 6,250 5.250 5.250 Sub-total for Sp8cDon WARRAvES- War Graves Restricted 165 166 Sub-total foT WAR-GRAVES 50 118 WORSHIPLDR- Vlorship LeadeT Restricted 9.478 9,478 12.493 12,493 Sub-totsl forWORSHIPLDR 21,971 Grand total 152.882 164013 235.836 Fund movement by type for 2022 Fund Building Designated eni In¢omin Out oin Transfe GalnslLosses Journals Closln 5.116 5.116 3,137 3.137 933 933 Sub.totsls 7.320 Buildlng Resiricied 3.061 3.061 3.753 3,763 148 sub.totals CHARGIVIND Desi9nated 5,482 5.482 5.482 S.482 Sub-tota15 Chlldren Designated Restrthd 289 289 177 467 300 300 122 122 Sub-total8 289 CHL Designated 6.007 6,007 6.017 6.017 sOta CHRCHMAIND Oe519n3led 90 90 2.159 2,159 2,LK9 2.069 Sul>ttstals CHURCHYARD Restricted 662 662 576 578 SulAotals Contln Deswnated 2,000 2,00 2,000 2.000 Su10tal$ Decor Restrided su10th1$ 1.384 1.384 DONAT-F4 Re8tricl8d 832 832 149 149 682 682 sU10131s ¢noral Unrestrlctsd 4,541 4.541 28.463 28,463 21.OS8 21,068 2.845 12.B451 9,091 9,091 SUtOtal9 HALL-ASSET Designated 125,000 125,000 125.000 12S,000 Sult01a18 LIThLENG Page 21
Restricted 39 39 39 39 Sub-tota15 PARISHSOCQ Restricted St01a15 WORSHIPLDR Reslncted 25.126 15,126 sUt0[s 3.155 General Unrestry¢ted 21.970 13.662 13,662 69.563 69,563 58.843 58,643 21.895 121,6951 2.687 2,687 Su&totals Genpral Unrestrid8d 14.165 14.165 28.388 28.388 31.674 31,674 10 10,870 10,870 SutOtal¥ Goneral Unrestricted 3.967 3.967 3.821 3,821 7.527 7,527 sut01a15 7,382 CHANCEL ReStrd 10.041 10.041 10.041 10,041 Sub4otals Coff8a Desrgnated 319 319 319 319 Sub-totals SpecDon Deslgnaied 2.950 2,0 2,300 2.300 Sub-totals 5,250 CovgnH8ath Designated 5.019 5,019 175 175 Sub-totsls 4.843 Charity Designated 3.(8 3,068 5.913 5.913 Sub-totsls HALL Desgnated 9.173 9.173 22,235 22,235 13.597 13.597 534 534 Sub-tota15 MISS.DES Designated 2,405 2A05 2.405 2,405 Sub4otals MISSION Restricted 5.545 5.545 4.711 4,711 Sub-totals 833 CHRCHMAINT Reslrthd 132 11321 75 78 489 489 545 S45 Sub4otals STEWARD RestriGted 18.109 18,109 18.109 18.109 Svb-totsls RECTORYDEC Re51rrcted 10 10 10 10 Sub-tr*tsl$ WAR-GRAVES Restricted 73 73 168 168 175 008 239 239 156 186 Sulhtotal$ Totals Page 22
Analysis of income and expenditure for 2023 Total egr UDrestrieted Desi nated Re5tri¢ted EDdowmeNt This Last ear INCOME AND ENDOWMENTS Donations and legacies 0101 Gift Aid- 8ank 0110- Gift Aid- Envelopes 0201 Other planned giving 0301 Loose plat8 collections 0401 Regular gift days 0501 - One-off Gift Aid gifts 0510- Gifts of quoted securities 0550- Donations appeals etc 0601 - Tax recoverable on Gift Aid 0701 Legacies 0801 Recurring grants 08A1- Non-recurring one-off grants Donations and legacies Totals 44,624 10,919 17,091 12,553 490 45.114 10,919 17.441 12.$53 44.748 11.617 22.624 8.788 350 100 100 3,427 2,485 22,240 1.050 1.313 4,848 22,240 37,120 18,267 165 1,000 114,381 165 1,594 148,329 1.000 111.013 1.050 2,318 Income from charltable activities 0901- Other funds generated 1101 Fees for weddings and funerals 1105- Local Fee Income 1106- Fees for Weddings Income Irom charttable activitie5 Tota15 3.260 7,915 147 4.331 126 2,037 6,494 110 4,491 126 2,037 6,6S4 50 11,322 other trading activities 1240- Chuith hall lethngs- fund raising Other tradlng actly1e$ Totals 13,907 7,296 21,203 15.074 13,907 7,296 21,203 15,074 Investments 1020- Bank and building society interest 657 93 750 284 Investmgnts Totals 657 93 750 284 Other Income 1300- Miso Irrne Other Incomè Totals Income & endowments Grand Totsl$ 9,894 9,894 141.965 9,894 9,894 152.8B2 8.489 2.428 17S,009 Page 23
EXPENDITURE Raising funds 1720- Costs of stewardship catnpaign 1730- Costs offetes & other events Raising funds Totals 123 123 113 25 138 123 123 Expenditure on charitable acttvltles 1801 Giving to missionary s(Kieties 1830- GNing- relief and devdopment agencies 1850- Home mission 1870- Secular charities 1871 Charitable Help 1910- Ministry parish sharè 8t 2001- As&stant staff costs 2010- Salary Office Administrator 2020- Salary of Vvorship Leader 2030- Salary of Cleaner 2050- Salary of parish administrator 2101 - Working expenses of incumbent 2102 - Funeral Mileage expenses for Lay Reader 2130- Virar5 house expenses 2131 Vicarag8 Expens8S 2201 Parish training and mission 2202- Support Costs 2301 Church running- insurance 2310 - Church office- telephone 2311 Church Running Te16phon$ 2320- Organ I piano tuning 2330- Church maintenance 2331 Cleaning 2333 - Church Maintenance Preventative 2335- Catering . 2340- Upkeep of services 2350- Upkeep of churchyard 2351 - Upkeep of war graves 2359- PCC Expenses 2360- Adrninislralion 2361 Photocopier 2401 Church running- electric 2410- Church running- ga5 2420- Church running- water 2440- Church wnning- heating and lightin9 2530- Hall Funning- elethcity 2540- Hall running- ga$ 2550- Hall running- insurance 2560- Hall running- rnainlenan 2S80- Hall running - water 2590- Hall running - heating and lighting 2601- Govèrnan costs examinalionlaudit fee 2801 - Hall + major repairs- Structure Expendrture on Charitabl• a¢tlvitl¢s Total Expendlturè Grand Totsl¥ 2,959 3,921 830 3,789 4,381 3.532 1.089 460 500 240 952 740 952 2,400 1,272 1,762 61,966 907 fj4,964 3,709 3,709 9.408 1.668 9,302 1,076 9.408 1,668 9,302 1,076 9,528 28 28 1,495 1,495 2,860 3.609 2,860 1,134 355 2.119 1.730 29 6,135 1,210 313 225 8.249 3.412 2,292 6,608 1.473 6.6C6 1,473 470 3,008 1.200 470 9.607 2,655 1,422 6,179 1,455 1,422 420 24 2,471 240 24 3.222 360 50 52 120 699 4,940 10 239 2,876 4,438 1,152 3,867 8,555 3.286 1,677 6,483 10,016 522 488 3,450 1,677 6,483 10,016 522 252 252 348 2.037 2,333 1,382 797 120 607 2.037 2,333 1,382 797 120 625 1.221 1,327 1,279 8,098 150 18 324 324 9.730 156,049 127,576 22,787 13,527 163,890 127,699 22,787 13,527 164,013 156,186 Page 24
Allocation of Support Costs Support costs comprise Trustee Training and Governance Costs etc. Due to the nature of the financial activities of the PCC, these would be allocated across Charitable Expenditure which comprises the majority of its expenditure and as such are automatically charged there. staff Costs 2023 24,087 2022 16.612 es & Salaries Avera e Number of em ees During the year the PCC employed a church cleaner, a Parish Administralor, a Worship Leader and an office administrator {all part-time). Two employee's payments were large enough to attract social security costs. There were no employee benefrts to key managemenl personnel in the previous or current year. Trustees, Remuneration & Expenses There has been no Trustees remuneration during the year. No Trustee expenses have been incurred during the year. Relatsd Parties ' No other expenses were paid to any other PCC member, persons closely connected to them or related parties. Donations from 13 related parties IPCC membersl totalled £26,290 [£25,530 20221. Fees for the examination of the accounts 2023 324 2022 Inde endenl Examiner's Fees Other Fees accountanc service5 Paid to the Inde endent Examiner Page 25
Analysis of Transfer between Funds 2023 Analysis of transfers belween Restricted and Unrestricted Funds for 2023 RefererK• Dat¢ Acc¢ Coded85criptio Detit Credit D85cripllon Fund Fund Rea50nforTFansfor Agedrth donor 01111120 6502 Goopcurrenl ComwlerFund io comp Re5 Remaining bal3rttafier urchase ofnew PC. ReMai[ng balance after urchase PC. VKartge detordliont05ts Agreed withdtsnor 01111023 6502 Coop Curteni Attount Cu up Currenl Account CofflpuièrFund to Genethl Fund LKa)field Decoration Fund lo Geneial Fur GÈn¢rdl Unr Fr(th LKhfield Dec FLd VKarè)e DecoR1 From LKhfieid De FUNJ Viurage DeGoralion 20111Q023 e502 General Unr 1,385 2011112023 6515GS L4chfiehl OKornlron Account Lthfield OKoRIio Fund lo General Fund DKor Vraragedecorntioncosts 1.385 Analysis of Transfer between Funds 2022 ctè AG¢OUnt Lblt Cred Fund Fund Typ• 01101tt022 6430 -2.781.00 Alhxaiea rth)ey lor CthalabGfvfftg Axaiert Ntsney lor charttabGn5 lEadNstsTLT0r 2022 Accounls IEadiuslTrÈnl for 2022AcciYJniS Transferto Cthary Fu Tian5fer fromGeDeial Fund General Lmr 0110112022 e4 -2.751.QO Cbaily G8nEr CÈS 0110112027 6501 2.751 OQ olm1022 6SD1 2.751.OD cknarly General 301C612022 6501 497 10612022 6501 497 Chartty ¢enpral &rity General 3110812022 6SDI 499 TrAp5T0¢ARfP{ FWD 3110812022 499 3011112022 6801 1.270.00 TPANsF&ToCK4 FiJ4D 3Q111ll022 6501 1.270.00 579 FROGL F Cberrty Charty General 3911Y2022 5501 2911212022 6S01 579 TrAPISFStTO CH4RtrY Fi 3111212022 6505 9.16 3111212Q22 65QS 9.16 Gjneral 17I0Y2022 65D7 545.58 G8rrJlFld io Church FloinlsnanE& Fund GeneralFund iothurth Fund 171U312022 6507 $45.68 Cèner 0412022 S.808.60 GeneraiFuM 10 FkllFund Ideslnatedl FWLL lli:"Ill, 3W412022 6507 405 GeneralFuThJ I0(uh Wonten¥Ke Fund Gener 6507 4Q5 G8n8ra1FUtOry1urch FLd 3W12022 6507 S,U050D 29$ General FundtoFkllFuna Ides&ndl General Fundto thurch FuThJ General 3110512022 e507 General 31IOW2022 6507 296 Gener Funolo LXur¢h tenanc? FuThY CHFVM41M) t5 29m712022 6507 9,043 GEnera Fundto K311 Fund Idesynaiedl GpnErpJ Fundto H1 Fund IdÈ5pJnEiedl Genera FuNd lo thurch I¢Ainl Ides) Fund Gtrner Fund 10 Ch fvklni. Ides) Fund ¥lldes¥JDalEdl FundiQ Gen¢ralFuThY Ildesvwaledl Fundla GEneralFu1 GeneralFund lo Church h&IEne{dESTr8ledl Fd GeneralFund iothurch Atsthenanceidesjneiedl Fund klFtsnd Ides$nated}to Geneial Fund IFuDd1¢8¥¥nfjdl to GBnfjro1 Fun¢ GEneral Fundto fthurch Fund Id¢$l Gener1 Fundto thufch tenan¢t Fund Id4$1 Orrtab G9 2022 ar(ab Gwhg 2022 H4LL 29t0712022 6507 9,09043 General 31712022 6W7 3110712022 6W7 General 319120?2 6507 Gener¥1 3110812022 3110bQ022 LL $43 3110812022 $43 General Lmr 3W912022 6507 L4LL 30A)W202Z 6507 Gpneral 1211W2022 5507 517.96 1211212022 8507 517.98 General Lhr 6507 5,482.07 CHARGlM? 3111¥2022 65Q7 5,482.07 Gpner Page 26
Fixed Assets Tangible Fixed Assets Freehold Buildings Total Assets Cost or Valuation Asat1Jan Additions in the Year Dis osal in the Year Revaluation if an Value at 31 Dec 125.000 125,000 125000 125 000 Accumulated De Asat1Jan Char e for the Year Dis osals Value at 31 Dec reciation Net Book Value at 1 Jan 2023 Net Book Value at 31 Dec 2023 125,000 125,000 125,000 125,000 The parish has one fixed asset, which is St Mary's Church Hall. The Net book value at 31¥1 December 2023 is £125,000. Fixed Asset Investments The PCC does not hold any Fixed Assets Investments Current Assets - Debtors 2023 2022 2.754 Gift Aid recoverable Pre mentslaccrued Income Other debtors Total 409 7.381 2.754 Liabilitlos-Amounts falling due in one year 2023 2022 2,533 Accruals Pre aid Hall Hire De Other Creditors - A Total osit en 37 7,383 9,916 Page 27
Summary of Assets by Fund 2023 Unrestrlcted General fund 3fj.O 36.560 30,178 D8signated Building Fund Charitable Giving D Charity Fund Children's Wo¢ Church Maintenance Coffee Moming Contingen Coven Heath Legacy Coven Heath Outreach Fund 5.763 5.037 5.763 5.037 7,320 5,482 290 29) 320 2,000 6,111 4,514 320 2.0 320 2,OCN) 6,018 4.514 534 125.000 2.405 5.250 Hall Asset Mission Spe¢ffi¢ Donations 125,000 150 5,250 125,000 150 5,250 Restricted Building Fund Chancel Liabilty Children's Work Churchyard Computer Fund Donation Fund 4 Lichfield Decoration Aeceunt Mi55ion & Outreach New Church Mainten8nc8 Prof Steward (Church Hall) Rectory Decoration War Graves Worship Leader 693 10,041 10,041 177 95 10.041 177 87 682 682 1,385 4.712 2.422 2,422 18,110 10 118 12,493 18.110 10 118 12.493 18,110 21.971 Total 36,560 154,435 44.842 235,836 246,967 Summary ofAssets by Fund 2022 Unrestrlctsd General Genfrral fund General fund Geneial fund Designated Building Fu Charitable Gwing D Charity Fund Children's Wotk Coffee Morning Gontyngency Coven Heath LegaGy Qoven Heath 0reach Fund Hall Hall Asset Mission Specffi¢ Donatior Restricted Agency ¢gllection BlIdIng Fun(J Chancel Liabllty Child,$ Work Churchyard Donation Fund 4 Ll¢hfield De¢ornti Account LItUe Angels Mi$$ion & Outrea¢h New Churth Maintenance Parish Social Committee Piof Steward (Church Hall) Re¢tory Decoration Wotship Leader 9.091 2.687 10.870 7.527 9.091 2,687 10,870 7,527 4,541 13,662 14,139 3,967 7,320 5,482 7,320 5.482 5.116 3.Q68 289 319 2.000 6.007 5.019 289 319 2.000 6.017 4.843 534 125.000 2.405 5,250 319 2,000 6,017 4.843 534 125,000 2,405 5,250 125.000 2,405 2.950 26 3.1 10.041 148 10.041 177 86 148 10.041 177 86 832 1.384 39 5.545 1,384 1,384 4,711 4,711 18.109 10 21,970 18.109 10 21.970 18.109 10 Totsl ftJnd$ 189.640 67,326 246,966 228,144 Page 28
Statement of Financial Activities Comparatlves Previous Year 2022 statement of Financial Activities for 2022 Untestrlcted Restricted Endovmient 2022 2021 Income and end¢)bwnerts from: Donation$ and legacies Income frorn tharilable a¢tivrties Other trading aGtivrts IDve51tnenls Other income Total inGome 121,848 11,2 15,073 284 26,479 30 148.328 11.322 15.073 284 120.220 7.849 12.397 148,497 26.509 175,007 153,477 Expenditure on.. Raising Funds Expendrtur& on Charitab activiti8S Total expendltur? 137 146.689 146.826 137 156.048 156,185 135.825 135,941 9,369 Net Incomel lexpenditurel re50UTce5 befls transfer 1.872 17,149 18,822 17.537 Transfers Gross transfers between funds- in Gross transfers between funtls- out 0th8r recognised gains I losses Gains 1105ses on investment as$Èts Gains on waluation. fixed assets, chaiity's ewn use Net movement In funds 28,603 127,1491 545 27,148 127.1491 18,705 118,7061 1,127 17.694 18.822 17.537 Reconclllatlon of fund5 Total funds brou ..hlI0rd Total fund5 carried forwdrd 189.64 57,325 246,966 229,605 Page 29
Notes to the Accounts 1. In 2022 an appeal was made across the Parish which resulted in increased income against codes 0501.. One-off Gift Aid gifts and 0550.. Donations appeals. 2. There were new regular hall hires in 2023 resulting in an increase in income against code 1240- Church Hall lettings - fund raising. 3. In 2023 The Church of the Good Shepherd received a large refund from Water Plus, following a lengthy dispute. This is shown against code 0901: Other funds generated. 4. In 2023, salary costs are identified against codes 2010.. Salary offi Administrator, 2020.. Salary of Worship Leader, 2030.. Salary of Cleaner and 2050.. Salary of parish administrator, but in 2022 these costs were included in codes 2340.. Upkeep of services and 2331.. Cleaning. 5. In 2022 St Mary's Hall had major refurbishment work, recorded against code 2801-. Hall + major repairs- structure. 6. In 2023 there was a Parish Mission and Training event. The expenses are recorded against code 2201.. Parish training and mission. 7. The transfer from Decor- Lichfield Decoration (Restricted) Fund was to reimburse expenses paid fram General Fund for the redecoration work at the Church of the Good Shepherd Vicarage in readiness of the arrival ofthe new incumbent. Page 30
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