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 de￿ased.
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 Baby￿Qddler 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 aC￿sS 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 Di0￿se. 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 Con￿rning 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
In￿rne 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 be￿een 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 a￿oUnt
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 Re￿1vable
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
sU￿tOtal 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
sU￿tOtal 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 resoU￿e5 before
transfer
14,266
114,298)
111.0981
{11,1311
18,822
Transfers
Gross transfers be￿n 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