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 31.12.2024 Registered Charity Number: 1133845 Page I
The Parochial Church Council of The Parish of Bushbury Wolverhampton Trustees, Annual Report for the year ended 31st December 2024 Ob"ectives and Activities The Parochial Church Council of The Parish of Bushbury Wolverhampton (the PCC) has the responsibility of co- operating with the incumbent Rev Dr lan Poole, in promoting 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 practice through prayer, scripture, music and sacrament. Also, through nonsacramental 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 ecumenical) more effectively, within the Ecclesiastical Parish, and that in doing so it provides a benefit 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 Servi 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 post members of the PCC. Each District Church elects 3 persons to represent them at the PCC. Each District Church elects 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 relevant 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 arise from time to time outside of the normal meeting schedule. Achievements and Performance 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 serve 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 towards 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. Page 2
Strategies Organisational To enhance teamwork across all aspects of congregational and parish life. ensuring efficiency 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. 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 time 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 both Clergy and Lay, discerning our urgent priorities. Page 3
Service's Available for Public Worship The table below sets out the current pattern of services across the Parish. Occasionally services are organised across the parish or with other churches from across the city. week St Mary St Mary Afternoon and Evening Services St James Good Shepherd 9.00 10.30 9.45 11.00 Communion - Common Worship The Gathering with Sunday Club Healing Service. Bimonthly rotating around the parish as advertised Memorials at St Mary's As advertised 6.30 Service of the Word Holy Communion Communion - Common Worship The Gathering with Sunday Club Holy Communion Service of the Word Communion- Common Worship The Gathering All Together with Communion The Gathering with Sunday Club Service of the Word Holy Communion Communion- Common Worship Holy Communion Service of the Word Communion - Common Worship The Gathering with Sunday club All Age Worship Koinonia - Café Worship Baptism Policy The Church welcomes Children for Baptism. We understand that Church and parent(s) together have a responsibility to meet, so that through the Church's teaching and explanation the parent(s) requesting Baptism understand the Sacrament of Baptism and the Christian commitment involved in the Baptismal responses. (PCC 10.02.2000). The importance of due preparation is thus emphasised and the need to demonstrate an active Christian 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 Weddings The Church welcomes couples for marriage. We offer a Deanery based wedding preparation course. 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. Funerals Funerals constitute a very significant share of Clergy workload averaging around 20 % of their time. They are also a vital 'shop window, for us in Bushbury Parish. The Parish considers it a privilege to take part in this service to 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 endeavour to see and discuss with the relatives, the funeral service. All funeral services will have three main components.. A liturgical framework in keeping with the Church of England, Common Worship Pastoral Services. Pa2e 4
An accurate, meaningful and positive account of the life of the deased. 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 service conducted by the team are invited to attend, along with those whose first anniversary it is. The Good Shepherd holds two memorial services per year on the second Sunday of May and November. St James holds one memorial service per year usually during November. Mission Activities through Community Events School Assemblies. Progress has been made this year in expanding this ministry to Elston Hall and a date for Whitgreave in the new year Little Angels - A carers and Babyrroddler Group based at St Mary's Family and Toddlers - A Carers and BabyQddler group based at St James Coffee Mornings - Based at The Good Shepherd on a Friday morning an opportunity to invite the community into an informal gathering. Good Shepherd Companions - An over 50's club based at the Good Shepherd on alternate Mondays. CAMEO a monthly social group at St James's meeting on the 3rd Monday monthly for a variety of activities 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 women's group meeting on alternate Mondays at St Marys for fellowship, activities and reflection. St Mary's Messy church values are about being Christ centred, for all ages, based on creativity hospitality and celebration Carol Singing in local community shops and cafes Following on from the Parish mission a BBQ was held which was open to all. This proved a very successful outreach to the community and was replicated in September. In the light of this plans are in hand by St Mary's to provide similar opportunities for community engagement in 2025 Courses, Study Groups Various expressions of 'Sunday School, operate in each church on a Sunday. Alpha course during the autumn of 2024 Confirmation classes as necessary A men's group based around breakfast and then teaching meets approximately once a month at St Mary's Hall and is open across the parish. 5 life groups operate across the parish involving members form all three churches Worship and Prayer Events Weekly 'Waking the Dawn, prayer. St Mary's weekly prayer on a Thursday morning St James Prayer meeting on a Thursday morning. One off Achievements The Parish once again undertook a week-long mission in collaboration with a team from Through Faith Missions. Many homes were visited and the good news of the gospel shared,. local schools and care homes were also included, and a series of planned prayer walks took place across the parish along with the singing of worship songs and outreach at various points in the community. Page 5
Christmas Tree Festival based at St Mary's Achievements and Perfomiance stma Working to make ourselves fit for the 21st century with the help of Leading 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 services. Sunday Club now three Sundays per month. Communion once a month at 10.30 Continuing to develop Sunday School and Messy Church To interact more with the wider community 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 of tomorrow Financial Review Total income has increased from £152.882 to £187,349. The increase is mainly due to £49,000 donationlbequest this year received by St Mary's. Total expenditure has increased slightly from £164.013 to £165,041. There are lots of small movements between the years, and a new expenditure code this year for contribution towards the Team costs. Total funds held at 31.12.2024 were £258,144 (2023 £235,836). Reserves Policy Charity Commission guidance is to try to maintain a balance on free reserves (net current assets) which equates to at least three months unrestricted payments. This is equivalent to £31,261 [2023 £31,925]. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the year-end was £50,138 [2023 £36,560] which is higher than this target. Funds will be 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. 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 2024. 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 two significant donations during the year, one to the value of £49,272 from the late O'Hara Will and another to the value of £1,800. These donations have been most 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 adults) Page 6
Reporting Serious Incidents A Serious Incident is an adverse event, whether actual or alleged, which results in or risks significant harm to the charity'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 take 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. 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. At each PCC meeting the Parish Treasurer reports on each district churches progress in meeting their obligations. Should a District Church run into difficulties the Standing 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 to cheque books are always two persons, signed at the point of issue. No one person has access 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 6111) In this way the PCC can assure itself of the financial health of the District Church and that sufficient funds are available and will not lead to the PCC becoming indebted. The District Churches produce annual accounts that are presented for scrutiny at the DCC Annual meetings and 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 annual meeting appoints 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 several 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 of the 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 ted olicies on the followin Page 7
Grievance Procedure Harassment Policy Whistle Blowing Policy Standardised Contract of Employment & offer letter Page 8
ststutory and Legal - The PCC delegates its responsibilities for the maintenance, care and safety of people 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 recommendations of the Quinquennial. Each District Church carries insurance for their Church and where appropriate the Church Hall. All the District Churches are in the Ecclesiastical Insurance 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 Disability Discrimination Act. 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 contact numbers are available to the clergy and wardens in order to gain aCsS 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 Measure (1956) as amended that came into effect on 2nd January 1957. and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended). The method of appointment of the PCC rnembers 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 Synod, 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 Di0se. 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. [Given 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 12 related parties [PCC Membersl during the year totalled £27,130 [2023 £26,290]. All these donations were received without conditions. Remuneration paid to Trustees None of the trustees have been paid any remuneration or received any other benefits from employment with the PCC or details of any trustee that was paid Expenses paid to Trustees No Trustee expenses have been incurred during the year. Page 9
Charity name The Parochial Church Council of the Ecclesiastical Parish of Bushbury Wolverhampton Other names charity is known by 1) Bushbury Parochial Church Council 2) Bushbury PCC Registered charity 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.bushbu teamminist .co.uk PCC Members: Who Served from 1 January 2024 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 Rectorlchair Team Vicar Rev Taiwo Olumuyiwa Rev Emmanuel Salako Self-supporting Minister PCC WardenlDeanery SynodlPCC Treasurer PCC WardenlGood Shepherd WardenlDeanery Synod St Mary's Warden St Mary's WardenlDeanery SynodlPCC Secretary Good Shepherd Warden Deanery Synod Deanery Synod Deanery Synod pcc Jacquie Mullett Karen Adcock Richard Todd Mike Hotchkiss Christine Dean Jessica Bate Lyn Hyde Steve Vince Nick Gardner Nick Gardner 01101124- 21103124 St James Warden 21103124 - 31112124 21103124- 31112124 lan Newman St James Warden Elected Members Pat Chadwick pcc Adrian McDowell pcc Bev Dyer Ann-charlotte Holman pcc pcc lan Harris pcc 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(s) Michael John Hotchkiss Full name(s) Position (eg Secretary, Chair, etc) PCC Secretary Date (eg. Date of the APCM) Id 3 April 2025 Page 11
Independent Examiner's report to the trusteeslmembers of Bushbury Parochial Church Council Registered charity number: 1133845 I report on the accounts for the year ended 31st December 2024 which are set out on the following pages. Res ective res onsibilities 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 responsibility 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(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of Inde endent Examiner's 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 accounts 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 matters set out in the statement below. Inde endent Examiner's Statement In connection with my examination, no material matters have come to my attention 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 concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 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. 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 ton Notes to the Financial Statements For the year ended 31st December 2024 Accounting 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 true and fair view provisions. They have also been prepared in accordance with the Charities SORP (FRS 102). The financial statements have been prepared under the historical cost convention with items recognised at 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 informal gatherings of Church members. There may be minor discrepancies in the totals as the pence are not being shown. Cashflow Ststernent The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a Cash flow statement on the grounds that the income does not exceed £500,000. Going Concern There is no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern. 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. 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. Rin fenced from Hall Hire income as a reed b DCC Buildin Buildin Fund identifies the ringfenced giving to charities as decided by DCC CHARGIVIND - Charitable Givin CHL- Coven Heath Legacy good Shepherd share of sale of Coven Heath Mission Church. Diocese suggestion it would be good for the mone to be used for mission but not essential to identify various maintenance costs and income for the Church CHRCHMAIND - Church Maintenance Charity - Charity Fund Used to identify the 10 % ring-fenced charitable contributions amount. Charities to be supported are decided b the DCC. Used for an children's work-related ex Children - Children's Work enses. Coffee - Coffee Morning Contribution from the Thursday Coffee Morning Group to st James. Page 13
Contin - Contingency Essentially an emergency fund should an incident occur which needs urgent attention as it would affect the viabilit of havin income from the buildin CovenHeath - Coven Heath Outreach proceeds from the sale of coven heath mission church. Diocese suggests it is used for mission, but it is not restricted to that ur ose. HALL - Hall identifies income from hall hire and any expenses relatin to the hall HALL-ASSET - Hall Asset this is to identify the value of St Mary's Church Hall which is a fixed Asset MISS-DES - Mission identifies donations for and expenses of mission and outreach events, e runnin anAI ha Donations made - don't want art iven to charit SpecDon - Specific Donations Restricted funds comprise of two elements.. a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust 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 forward 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: Buildin Buildin Fund Used for maintenance and re air to the buildin For the maintenancelupkeep of the Chancel (from Chancel Re air Liabilit recei ts CHANCEL - Chancel Liabilit 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 recent donations s ecificall for this For the maintenancelupkeep of the churchyard (from several donations s ecificall for the church ard Used for any children's work related expenses. The restricted amount only states to support children's work at St James. CHRCHMAINT- New Church Maintenance CHURCHYARD- Churchyard 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 ecificall for this 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 specifically 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 (i.e. General Fund), as per the Will of Prof. Steward. Page 14 MISSION - Mission & Outreach RECTORYDEC - Rectory Decoration STEWARD - Prof Steward (Church Hall)
For the maintenancelupkeep of the war graves in the churchyard (from a grant from the Commonwealth War Graves Commission specifically for this ur ose WAR-GRAVES - War Graves WORSHIPLDR- Worship Leader For costs related to the Worship Leader (primarily salary but also training, etc.) (Note this is a constructive trust, as er the wishes of the donor 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 benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions 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 Income Planned giving, collections and donations are recognised when received 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 is 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. Expenditure 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 it 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. Fixed Assets Consecrated and benefice property is not included in the accounts by s.10{2){a)&{C) of the Charities Act 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 (at 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, so 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 current asset investments. Debtors Debtors are measured on initial recognition at 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 settle the obligation at the reporting date. Page 15
Statement of Financial Activities for 2024 Unrestricted funds Designated Restricted Endowment Total funds funds funds funds Prior year total funds Receipts Donations and legacies Other trading activities Investments 161,228 241 1,685 163,154 114.381 11,544 6,725 18.269 21,203 1,142 132 1.275 750 Inrne from charitable activities 4.531 10 110 4,651 6.654 Other income 9.894 Total Income 178.446 7.108 1.795 187.349 152,882 Payments Raising funds Expendi(ure on charitable activities 506 506 123 124,537 27,906 12.093 164,535 163,890 Total expenditurg 125,043 27,906 12,093 165.041 164,013 Gains I losses on investment assets Net income I lexpenditur91 resources before transfer 53.402 120.7981 110.2981 22,307 111.131} Transfers Gross transfers beeen funds- in 39.824 39.824 12,879 Gross transfers betsveen funds- out 139.8241 {39,8241 112.879) Other recognised gains I losses Gainsllosses on investment assets Gains on revaluation, fLKed assets, charity's own use Net movement in funds 13.679 19.026 (10,2981 22,307 {11.1311 Reconciliation of funds Total funds brought forward 36.560 154,435 44,842 235,836 246.967 Total funds carried forward 50.138 173,461 258,144 23S.836 Balance sheet for 2024 Asat 3111212024 Asat Class and code Description 3111212023 Flxed assets 6430 Church Hall 125,000 125,000 Total Flxed assets 125,000 125,000 Current assets 6500 METRO BANK Current Account 3,493 7,447 6501 Bank HSBC current account 24,955 27.742 6502 Co op Current Account 15,209 16,188 6505 Co op 14 Day Account 8,244 8,111 6507 Co-operative Bank current account 72,239 33,555 Page 16
6510 CCLA (CBF) deposit account 20,619 19,580 6511 CCLA (CBF) deposit account 1,655 1,572 6515SM Lichfield Decoration Account 10 10 6590 Cash in hand 225 106 Z05 Accounts Receivable 2,997 7,381 Total Current assets 149,645 121,691 Liabilities 6699 Agency collections 3,468 5.980 Z04 Accounts Payable 13,033 4,874 Total Liabilities 16,501 10,854 Net Asset surplus {deficit) 258,144 235.836 Reserves Excessl(deficit) to date 22,307 (11,131) Z01 Starting balances 235.836 246,967 Total Reserves 258,144 235.836 Represented by Funds General (Unrestricted) 50,138 36,560 Designated 173,461 154,435 Restricted 34,544 44.842 Endowment Total 258.144 235,836 Approved by the Parochial Church Council on 3, April 2025 and signed on its behalf by: Signature: Name; ..MiGh.dp.l.Fl.ot.Ghki%% The notes on the following pages form part of these accounts Page 17
Statement of Assets and Liabilities for 2024 Genera( Designated Restricted Endowment Total Last year Fixed Asset- Tangible Assets Church Hall 125,000 125,000 125,000 Total 125,000 125,000 125,000 Current Asset- Cash At Bank And In Hand METRO BANK Current Account 216 3,277 3,493 7,447 Bank HSBC current account 6,110 18,667 177 24,955 27,742 Co op Current Account 13,676 1,533 15.209 16,188 Co op 14 Day Account 8,244 8,244 8,111 Co-operative Bank current account 23,980 33,149 15,109 72,239 33,555 CCLA {CBF) deposit account 2.509 18,110 20,619 19,580 CCLA (CBF) deposit aoUnt 1,655 1,655 1,572 Lichfield Decoration Account 10 10 10 Cash in hand 225 225 106 Total 48,370 60,061 38,217 146,648 114.310 Current Asset- Debtors Accounts Re1vable 2,940 56 2,997 7,381 Total 2,940 56 2,997 7,381 Liability - Agency Accounts Agency colleclions 3,468 3,468 5,980 Total 3,468 3,468 5,980 Liability - Creditors: Amounts Falling Due In One Year Accounts Payable 1.172 11,656 205 13,033 4,874 Totsl 1.172 11,656 205 13,033 4.874 Net total assets 50,138 173,461 34,544 258,144 235,836 Page 18
Statement of assets and liabilities for 2023 General Design2t¢d Restricted Endowment This year Last year Fixed assets - Tangible assets Church Hall - 125,000 125,000 125,000 Totals 125.000 126,000 125,000 Current assets- Cash at bank and in hand METRO BANK Current Account- 2,357 5,090 7,447 12.884 Bank HSBC current account- 7.798 19.766 177 27,742 24,496 Co op Current Account- Co op 14 Day Account- Co-operative Bank current account- CCLA ICBFI deposit a¢Un1- CCLA ICBFI deposit aecount- Li¢hfield Decoration Account- 15.494 693 16,188 11,013 8,111 8,111 8,018 416 6,293 26,846 33,555 50.818 1.470 18.110 19.580 18,972 1,572 1.572 1,523 1,385 Lichfield Decoration Account- 10 10 10 Cash in hand - 106 11 Totsls 29,212 34,170 50.927 114.310 129.129 Current assets - Debtors Accounts Receivable- 7.287 94 7,381 2,754 Totals 7.287 94 7.381 2,754 Llabllltles - Agency accounts Agency collections 5,980 5.980 7.383 Totals 5,980 5,980 7,383 Llabllltles - Creditors: Amounts falling due in one year Accounts Payable- Accounts Payable- (601 4,829 106 4,874 1,725 807 Totsls 1601 4,829 106 4,874 2,533 Grand total 36.560 1 54.435 44,842 235.836 246.967 Fund movement for 2024 Fund Openlng Incoming Outgoing Transfers Gains/Losses Journals Closing Building Designated 5,763 1,701 2.762 4.702 Restricted 693 840 1,533 Sub-totsls 6,456 2,541 2,762 6.235 Page 19
CHARGIVIND Designated 5,037 10,521 5.483 Sub-totals 5,037 10,521 5,483 Children Designated 290 282 Restricted 177 177 Sub-totals 467 459 CHL Designated 6,111 132 6.244 Sub-totals 6,111 132 6,244 CHRCHMAIND Designated 10 4,673 4,663 Sub-totals 10 4,673 4,663 CHURCHYARD Restricted 95 100 Sub-totals 95 100 Contin Designated 2,000 2,000 Sub-totals 2,000 2.000 DONAT-F4 Restricted 682 682 Sub-totals 682 682 General Unrestricted 36,560 178.446 125.043 (39,824) 50.138 Sub-totals 36,560 178,446 125,043 {39.8241 50,138 HALL-ASSET Designated 125,000 125,000 Sub-totsls 125.000 125,000 WORSHIPLDR Restricted 12,493 9.426 3.067 Sub-totsls 12,493 9.426 3.067 CHANCEL Restricted 10,041 10.041 Sub-totals 10,041 10.041 Coffee Designated 320 320 Sub-totsls 320 320 SpecDon Page 20
Designated 5,250 5,250 Sub-totals 5,250 5,250 CovenHeath Designated 4,514 4,514 Sub-totals 4.514 4,514 Charity Designated 2,464 2,464 Sub-totals 2,464 2,464 HALL Designated 5,265 7,478 2.213 Sub-totals 5,265 7,478 2.213 MISS-DES Designated 150 25,000 25,150 Sub-totals 150 25,000 25,150 MISSION Restricted 2,422 642 2,473 591 Sub-totsls 2,422 642 2,473 591 CHRCHMAINT Restricted 143 143 Sub-totals 143 143 STEWARD Restricted 18,110 18,110 Sub-totsls 18,110 18,110 RECTORYDEC Restricted 10 10 Sub-totals 10 10 WAR-GRAVES Restricted 118 165 50 233 Sub-totals 118 165 50 233 Totsls 235,836 187,349 165,041 258,144 Page 21
Fund movement for 2023 enin Incomin Out oin Transfer5 Gainsllosses Closin Bullding - Building Fund Designated Restricted 7,320 2,771 4.329 5,763 148 856 310 693 sub.total for Bulldlng CHANCEL- Chancel Liability Restricted 7,468 3.627 4.639 6,456 10,041 10,041 Sub-total for CHANCEL 10,041 10.041 CHARGIVIND - Charitable Giving D Designated 5,482 5.520 5,075 5,037 Sub-total for CHARGIVIND 5,482 5,520 5.075 5.037 CHL - Coven Heath Legacy Designated 6,018 93 6.111 Sub-total for CHL 6.018 93 6.111 CHRCHMAIND- Church Maintenance Designated 50 2.216 2.166 Sub-total for CHRCHMAIND 50 2,216 2,166 CHRCHMAINT- New Church Maintenan Restricted 110 110 sUtOtal for CHRCHMAINT 110 110 CHURCHYARD- Churchyard Restricted 87 95 Sub-total for CHURCHYARD 87 95 COMP - Computer Fund Restricted 700 699 Sub-total for COMP 700 699 Charity - Charlty Fund Designated 2,552 2.552 Sub-total for Charity Children - Children'$ Work 2,552 2,552 Designated Restricted 290 290 177 177 Sub-total for Children 467 467 Coffee- Coffee Mornlng Designated 320 320 Sub-total lor Coffee 320 320 Contln - Contlngency Designated 2.000 2,000 Sub-total for Contin 2,000 2,000 CovenHeath - Coven Heath Outreach Designated 4,844 329 4.514 Sub-total for CovenHeath 4.844 329 4,514 DONAT-F4 - Donatlon Fund 4 Restrteled 682 682 Sub-total for DONAT-F4 682 682 Decor- Llchfield Decoration Reslricled 1,385 11,3851 11.3851 Sub-total for Decor 1,385 Page 22
General - General fund Unrestricted 30.178 141,965 127,699 17.8841 36,560 Sub-totsl for General 30,178 141.965 127.699 17,8841 36,560 HALL- Hall Designated 534 5,565 7,763 1,684 Sub-totsl for HALL 534 5.565 7.763 1,664 HALL-ASSET- Hall Asset Designated 125.000 125,000 Sub-total for HALL-ASS 125,000 125.000 MISS-DES - Misslon Designated 2.405 10 77 12,1881 150 Sub-total for MISS-DES 2,405 10 77 12,1881 150 MISSION - Mission & Outreach Reslrided 4,712 590 2,879 2.422 Sub-total for MISSION 4,712 590 2.879 2,422 RECTORYDEC - Rectory Decoration Restricted 10 10 Sub-total for RECTORYDEC 10 10 STEWARD - Prof Steward (Church Restricted 18,110 18.110 sUtOtal for STEWARD 18.110 18.110 SpecDon- Specific Donations Designated 5,250 5.250 Sub-total for SpecDon WAR-GRAVES - War Graves 5,250 5,250 Restricted 165 50 118 Sub-totsl for WAR-GRAVES 165 so 118 WORSHIPLDR- Worship Leader Reslri¢led 21,971 9.478 12.493 Sub-total for WORSHIPLDR 21,971 9.478 12,493 Grand total 246.967 1 $2.882 164,013 235,836 Page 23
Analysis of income and expenditure for 2024 Total Unrestricted Desi nated Restricted Endowment This Last ear Receipts Donations and legacies Gift Aid - Bank 46.900 11,566 16,693 13,974 2.075 54,046 15,697 240 47,140 11,566 17,293 13,974 2.455 54,587 15,697 165 45,114 10,919 17,441 12,553 100 Gift Aid- Envelopes Other planned giving Loose plate collections One-off Gift Aid gifts Donations appeals etc Tax recoverable on Gift Aid 600 380 241 300 4,848 22,240 165 Recurring grants Non-recurring one-off grants 165 278 278 1,000 163,154 114.381 Total 161,228 241 1,685 Income from charitable activities Fees for weddings and funerals Local Fee Income 3.068 105 10 110 3,188 105 4,491 126 Fees for Weddings 1,358 1,358 4,651 2,037 Total 4,531 10 110 6.654 Other trading activities Church hall lettings - fund raising Ticket Sales - Social Events 11,261 283 6,725 17,986 283 21,203 Total 11,5 6,725 18,269 21,203 Investments Bank and building society interest 1.142 132 1,275 750 Tolal 1.142 132 1,275 750 Other income Misc. Income 9,894 Total 9,894 187,349 152.882 INCOME TOTAL 178,446 7,108 1.795 Page 24
Payments Raising funds Cosls of stewardship campaign Costs of fetes & other events 287 287 123 219 219 Total 506 506 123 Expenditure on charitable activities Giving to missionary societies Giving - relief and development agencies Home mission 4,482 7,355 600 5,082 8,055 988 3,789 4,381 740 700 988 Secular charities 800 1,148 1,948 63,208 4,071 9.426 1,805 5,883 800 952 Ministry parish share etc Salary offi Administrator Salary of Worship Leader Salary of Cleaner Salary of parish administrator Working expenses of incumbent Funeral Mileage expenses for Lay Reader Vicars house expenses Vicarage Expenses Parish training and mission Church running - insurance Church office - telephone Organ I piano tuning Church maintenance 63,208 4,071 64,964 3,709 9,408 1,668 9,302 1.076 28 9,426 1,805 5.883 800 1,495 2,860 3.609 6,606 1,473 470 {1,115) 414 (1,115) 2.295 7,006 1,145 234 1,873 7.006 1,145 169 65 3,739 1,373 1,278 5.381 137 58 9.178 1,510 1,278 9.607 2,655 1.422 24 Cleaning Church Maintenance Preventalive Catering Upkeep of seNices Upkeep of churchyard Upkeep of war graves PCC Expenses Administration 2.499 2.499 1,170 50 3,222 360 1,170 50 50 8,305 3.411 1,133 4,447 11,584 594 8.305 3.822 1,133 4,447 11.584 594 411 3,450 1,677 6,483 10,016 522 Photocopier Church running - electric Church running- gas Church running- water Church running - heating and lighting Hall running - electricity Hall running - gas Hall running - insurance Hall running - maintenance 260 328 20 608 252 1,984 2.418 1,455 429 1.984 2,418 1,455 429 2,037 2.333 1,382 797 Hall running - water Hall running - heating and lighting Governance costs examinationlaudit fee 120 781 781 625 210 210 324 Church major repairs - structure 250 250 Total 124,537 Payments Grand Totals 125,043 27,91 27,9CIS 12.093 164,535 163,890 165,041 164.013 12,093 Page 25
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 2024 £25,563 2023 £24,087 es & Salaries Avera e Number of em lo ees During the year the PCC employed a church cleaner. a Parish Administrator, 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 benefits to key management personnel in the previous or current year. There has been no Trustees remuneration during the year. 1 Trustee has been paid £800 (2023 £1,076) for expenses incurred during the year. Related Parties No other expenses were paid to any other PCC member, persons closely connected to them or related parties. Donations from 12 related parties IPCC members] totalled £27.130 [£26,290 2023]. 2024 £210 2023 £324 Inde endent Examiner's Fees Other Fees accountanc services aid to the Inde endent Examiner Page 26
Analysis of Transfer between Funds for 2024 There were no transfers between Restricted and Unrestricted for 2024 Date Account Debl Credi Descrlptlon Fund Fund 3110512024 6501 856.00 TRANSFER TO CHARITY FUND General Unr 3110512024 6501 856.00 FROM GENERAL FUND Charity Charity General Des 3111212024 6501 1,608.00 TRANSFER FROM GENERAL FUND Des 3111212024 6501 1,608.00 TRANSFER TO CHARITY FUND Unr 0110312024 6507 230.00 transfer from General Fund lo ChuTh Maintenance Fund (Desl CHRCHMAIND Des 0110312024 6507 230.00 transfer from General Fund to Churh Maintenance Fund (Desl General Fund lo Charitable Giving Fund General Fund lo Charitable Giving Fund General Fund lo Church Maintenance Fund Ides) General Unr 1110612024 6507 133.32 CHARGIMND Des 1110612024 6507 133.32 General Unr 2810612024 6507 922.00 CHRCHMAIND Des 2810612024 6507 922.00 General Fund to Church Maintenance Fund Ides) General Fund to Church Maintenance Fund (Desl General Unr 0610812024 6507 552.00 CHRCHMAIND Des 0610812024 6507 552.00 General Fund to Church Maintenance Fund (Des) General Fund to Mission Fund {FamilylYouth Worker} General Fund lo Mission Fund {FamilylYoulh Worker) Transfer from General Fund lo Church Maintenance Fund Ides) General Unr 0311012024 6507 25,000.00 MISS-DES Des 0311012024 6507 25,000.00 General Unr 3111212024 6507 2,650.00 CHRCHMAIND Des 3111212024 6507 2,650.00 Transfer from General Fund lo Chtsrch Maintenance Fund Ides) General Unr 3111212024 6507 5.349.91 Charf(able Giving from offertories CHARGIVIND Des 3111212024 6507 5,349.91 Charitable Giving from offertories General Unr 3111212024 6507 2,213.35 General Fund to Hall Ides) Fund HALL Des 3111212024 6507 2,213.35 General Fund to Hall Ides) Fund General Unr 3111212024 6507 309.00 General Fund lo Church Maintenance Fund CHRCHMAIND Des 3111212024 6507 309.00 General Fund lo Church Maintenance Fund General Unr 39,823.58 39,823.58 Dat9 Account Debit Credlt Description Fund Fund 0810212023 6507 17.99 transfer from Hall Fund des to General Fund General Unr 0810212023 6507 17.99 transfer from H811 Fund des to General Fund transfer from Geneial Fund to Church Maintenance Fund de5 HALL Des 2810212023 6507 252.00 General Unr transfer from General Fund to Church Maintenance Fund des 2810212023 6507 252.00 CHRCHMAIND Des 2510512023 6507 18.93 transfer from mission des to charitable des transfer from mission {desl to charitable gThiing Ides) CHARGIVIND Des 2510512023 6507 18.93 MISS-DES Des 3110312023 6501 550.00 TRANSFER TO CHARITY FUND General Unr 3110312023 6501 550.00 FROM GENERAL FUND Charil Des 3110512023 6501 405.17 To Chari Fund des frgm General Unr General Unr 3110512023 6501 405.17 To Chari Fund des from General Unr Charil Des 3110512023 6507 235.00 General Fund lo Church Maintenance Fund des General Unr 3110512023 6507 235.00 General Fund lo ChuTch Mainlenanee Fund des CHRCHMAIND Des 3110712023 6507 3.042.29 General Fund lo Charitable Givin Fund General Unr 3110712023 6507 3.042.29 General Fund lo Charitable Givin Fund CHARGIVIND Des 3110712023 6507 552.00 General Fund lo Church Maintenance Fund General Unr 3110712023 6507 552.00 General Fund lo Church Maintenance Fund CHRCHMAIND Des Page 27
OW0812023 6507 220.00 General Fund lo Church Maintenance des General Unr 0810812023 6507 220.00 General Fund lo Church Maintenance des CHRCHMAIND Des 3110812023 6507 398.30 General Fund to Charitable Givin Fund General Unr 3110812023 6507 398.30 General Fund to Charitable Givin Fund CHARGIVIND Des 3010912023 6501 827.83 FROM GENER4L FUND Chari Des 3010912023 6501 827.83 TRANSFER TO CHARITY FUND General Unr 0111112023 6502 1.00 Com uter Fund to General Fund - a reed with donor COMP Res 0111112023 6502 1.00 Com uter Fund lo General Fund- a reed with donor Lichfield Decoration Fund lo General Fund to cover decorating costs at the GS Vicara Lichfield Decoration Fund to General Fund to cover decorating costs at the GS Vicara General Unl 2011112023 6502 1,384.60 General Unr 2011112023 6515GS Decor Res 3111212023 6501 769.00 TRANSFER TO CHARITY FUND General Unr 3111212023 6501 769.00 TRANSFER FROM GENERAL FUND Charil Des 3111212023 6507 1.615.80 Mission des lo Charitable Givin des MISS-DES 3111212023 6507 1.615.80 Mission des to Charitable Givin des transfer from General Fund lo Church Maintenance Fund dès transfer from General Fund to Church Maintenance Fund des CHARGIVIND Des 3111212023 6507 355.00 General Unr 3111212023 6507 355.00 CHRCHMAIND Oes 3111212023 6507 552.00 Transfer lo Church Maintenance Desi nated General Unr 3111212023 6507 552.00 FROM GENEFiAL FUND CHRCHMAIND Des 3111212023 6507 553.67 TRANSFER TO HALL DES FUND MISS-DES Des 3111212023 6507 553.67 FROM MISS-DES FUND HALL Des 3111212023 6507 1.128.80 transfer from General Fund to Hall Fund des General Unr 3111212023 6507 1,128 80 transfer from General Fund lo Hall Fund des HALL Des 12.879.38 12 879.38 Page 28
Fixed Assets Tangible Fixed Assets The parish has one fixed asset, which is St Mary's Church Hall. The Net book value at 31 st December 2024 is £125,000. 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, so that any depreciation charges would be immaterial. Freehold Buildings Total Assets Cost or Valuation Asat1Jan Additions in the Year Dis osal in the Year Revaluation ifan Value at 31 December 2024 125,000 125.000 125,000 125,000 Accumulated De Asat1Jan Char e for the Year Dis osals Value at 31 December 2024 reciation Net Book Value at 1 Jan 2024 Net Book Value at 31 December 2024 125,000 125,000 125,000 125,000 Fixed Asset Investments The PCC does not hold any Fixed Assets Investments Current Assets - Debtors 2024 2023 Gift Aid recoverable Prepaymentslaccrued Income Other debtors Total 2,559 438 6,972 409 2,997 7,381 Liabilities - Amounts falling due in one year 2024 2023 Accruals Pre aid Hall Hire De Other Creditors - A Total 13,033 4,837 37 5,980 10,854 osit enc 3,468 16,501 Page 29
Summary ofAssets by Fund 2024 Unrestricted Unrestricted - General Fund 50.138 50,138 36,560 Designatsd Designated - Building Fund Designated - Charitable Giving D Designated- Children's Work Designated - Coven Heath Legacy Designated - Contingency Designated - Hall Asset Designated- Coffee Morning Designated - Specific Donations Designated - Coven Heath Outreach Fund Designated - Mission 4,702 4,702 5.763 5,037 290 6,111 2,000 125.000 320 282 6,244 2,000 125,000 320 282 6,244 2,000 125,000 320 5,250 5.250 5,250 4,514 150 4,514 25,150 4,514 25,150 Restricted Restricted - Building Fund Restricted - Children's Work Restricted - Churchyard Restricted - Donation Fund 4 Restricted - Worship Leader Restricted - Chancel Liability Restrtcted - Mission & Outreach 1.533 177 1,533 177 693 177 100 100 95 682 682 3.067 10,041 591 682 3,067 10,041 591 12,493 10,041 2,422 18,110 10 Restricted - Prof Steward (Church Hall) Restricted - Rectory Decoration Restricted - War Graves 18,110 10 18.110 10 233 233 118 Fund Totals 50.138 173,461 34,544 258,144 235.836 Summary ofAssets by Fund 2023 Unrestricted General fund 36.560 36.560 30,178 Designated Building Fund Charitable Giving D Children's Wotk Coffee Morning Contingency Coven Heath Lega Coven Heath Outreach Fund Hall Hall Asset Mission Specrfic Donation$ 5.763 5.037 290 320 2,000 6,111 4,514 5.763 5,037 290 320 2.000 6.111 4,514 7.320 5.482 290 320 2,000 6,018 4,844 534 125.000 2,405 5.250 125,000 150 5.250 125,000 150 5,250 Restrlcted Building Fund Chancel Liability Children's Work Churchyard Donation Fund 4 Lichfield Decoration Account Mission & Outreach Prof Steward (Church Hall} Rectory Decoration W8r Graves Worship Leader 693 10,041 177 95 682 693 10.041 177 95 682 148 10,041 177 87 682 1.385 4,712 18,110 10 2.422 18.110 10 118 12.493 2.422 18,110 10 118 12.493 21,971 Fund Totals 36,560 154.435 44,842 235.836 246,967 Page 30
Statement of Financial Activities Comparatives Previous Year 2023 Statement of Financial Activities for 2023 Unrestricted Designated Restricted Endowment Total funds funds funds funds funds Prior year total funds Income and endovfflients from: Donations and legacies Income from Charitable actwf(ies 111.013 1,050 2.318 114,381 148,329 6.494 50 110 6,654 11,322 Other trading activities Investments 13,907 7,296 21,203 15,074 657 93 750 284 Other income 9,894 9.894 Total Income 141,965 8,489 2.428 152,882 175,009 Expenditure on: Raising Funds Expenditure on charitable activities Total expenditure 123 123 138 127,576 22.787 13.527 163,890 156,049 127.699 22,787 13,527 164.013 156.186 Net Income I lexpenditurel resoUe5 before transfer 14,266 114,298) 111.0981 {11,1311 18,822 Transfers Gross transfers ben funds- in 1.404 11,476 12.879 27.149 Gross transfers between funds- out 19.2871 12.2061 11.3861 (12.879) 127,1491 Other recognised galns I losses Gains 1105ses on investment assets Gains on revaluation. fixed assets, charity's own use Net movement In funds 6.382 {5,0291 112,484) 111,1311 18,822 Reconciliation of funds Total funds brought forward Total funds carried forward 30,178 159,463 57,326 246.967 228.145 36.S60 154,435 44,842 235.836 246.967 Page 31
Notes to the 2024 Accounts 1. Code 0550.. Donations appeals etc - The 2024 figure includes two large donations - from the late Mr and Mrs F O'Hara's estate plus one other. 2. Code 0601.. Tax recoverable on Gift Aid - The 2023 figure included some backdated applications from 2022. 3. Code 08A1.' One-off grants - The 2023 figure included an energy grant from Lichfield Diocesan Board of Finance. 4. Code 1240.. Church hall lettings - During 2024 several regular hall-hire users ceased to run, therefore the income from this source was less than the previous year. 5. Code 1300: Misc Income - The 2023 figure included a large refund from Water Plus. 6. Code 1801 to 1870.. Charitable giving - The 2024 figures include some charitable giving accrued from 2023. 7. Code 2050: Salary of parish administrator- Only the costs paid directly from the PCC bank account are shown here. The remaining £4,378 were paid from the Parish Expense contributions sent from the three District Churches. These contributions are held in an Agency Account, identified as PARISH EXPENSE CONTRIBUTIONS to avoid double accounting within the combined financial report. 8. Code 2101: Working expenses of incumbent- Only the costs paid directly from the PCC bank account are shown here. The remaining £850 were paid from the Parish Expense contributions sent from the three District Churches. These contributions are held in an Agency Account, identified as PARISH EXPENSE CONTRIBUTIONS to avoid double accounting within the combined financial report. 9. Code 2359: PCC Expenses - This is the contributions sent from the three District Churches towards any parish related expenses. It was agreed to introduce this contribution by the PCC in 2024 as the current income stream from wedding and funeral statutory fees continues to decrease. These contributions are held in an Agency Account, identified as PARISH EXPENSE CONTRIBUTIONS to avoid double accounting within the combined financial report. Page 32