CHARrrY REGISTRATION NUMBER: 1133868 The Parochial Church Council and Ecclesiastical Parish of Kingswinford. St Mary Unaudited Financial Statements 31st December 2023 MR A A B GRAINGER FCA OF Chartered accountants Griffiths & Pegg Limited Chartered ACUntantS 3 Hagley Court South Waterfront East Level Street Brierfey Hill Wesl Midlands DY5 1XE
The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Financial Statements Yèar ended 31 st December 2023 Pages Trustees. annual report 1to16 Independent examinerfs report to the twstees Statement of financial activities 17 18 Statement of financial position Noles to the financial statements 19 20to29 The following pages do not form part of the financlal statements Detailed statement of finanal activtbes 31to32 Notes to the detailed statement of financial activÉties 33to34
Page 1 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Trustees. Annual Report Year ended 31st December 2023 The trustees prent their report and Ihe unaudited financial statements of the charity for the yoar ended 31 sl December 2023. Rèfèrènca and admin18tratlve details Reglstgred Gharlty name The Parochial Church Council and Ecclesiastlcal Parish of lfjngswnford, St Mary Charlty reglstratlon number 1133868 Prlncipal offica The E(x) Vicarage 15 Penzer Str8et Kingswinford West Midlands DY6 7NA Tho trustees rs Jill Nicholls Mrs Debbie Filgate Mr Robert Green Mrs Jean Blakemore Mrs Sheila Freeman Mrs Sheila Abrahams Mr Mich1 Penn Mrs Karen Whitehouse Mr Neil Whitehouse Mr Geoffrey Nicholls Mrs Margaret Knott Helen Moren Mr N1 OINer Mrs Jennrfer Stewart Revd Adam Hadley Mrs Jayne Westwood Mrs Mary Green Miss Christtne Knight Mr Jack Whitehouse (Reslgned 24th May 2023) (Reslgned 31st January 2024) (Appointed 9th September 2Q23) (Appointed 31st January 2024) Independent examlngr MR AA B GRAINGER FCA OF Griffilhs & Pegg Limit1 Chartered Accountants 3 Hagley Court Sixjth Waterfront East Level Street Briedey Hill West Midlands DY5 1XE
Page 2 The ParoGhial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Trustees, Annual Report (conllnuthyj Year ended 31st De¢&mber 2023 structure, govarnance and management The Kingswinford Ecdesiastical Parish comprises of two districts, each wth their cvNn church council, corresponding to Sl Mary's Parish Church. KingswirTFo..d and Church of the Ascension, Wall Heath, respectively. The parish is lOted within the MetroFK)Itan Borough of Dudley. The correspondence address is The Eco Vicarage, 15 Penzw St, lthngswnford, Wesl Midlands DY6 7AA. Thg Klngswinford Parish is admlnist¥ed by the Par(hla1 Church Council IPCCI which is a registere charity nutnber 1133868. Th8 method of appolntment of PCC members is set cKJt In the Church R8presentalion Rules and in the CRR 18 Scheme, dated 1 st Octobw 2016. There is onefull stipendiary post allocated lo the parish. All church attendees are encourageé to register on the eltOTal roll of their respective church ar stand for election lo the District Church Councils (Dccsl and to the PCC. Alms ond purposes The PCC of Ktngswinford St Mary has the responsibility of wperating with the incumbent. in promoting in the ecdesiaslical parish the whole mission of the Church, pastoral. evangelistic, so¢lal and umen1¢81. Each DCC has delegated maIntenare responsibiltties thr resptiVe churches and centre complexes, which are eaGh part of their church buildlngs. st Marls DCC also has mairrtenance responsibility for 4 The Villago, Klngswnford. ObJectlves and actItIo$ The PCC Is committed to enabling as many people as possible to worship al our ohurche5 and to become part of our parish community at Sl Marfs and Church of the Ascension. The DCCS maintsin an overview of WOTship throughout the parish and makes suggestions on how our services can involve the many groups that live wthin our parish. Our services and worship put faith into practice thrwgh prayer and scxipture, MUS and sacrament. By deleyalion from the PCC, the Districl Church coun[S each accjjunt to the PCC for their own Income and expenditure and are responsible for thelr own parl of the Ministy Share contribution to the Dloce5e ol Worcester. This has been agreed as St MaS tfjngsmnford paying 60¢10 of the Ministry Share and Church of the Ascension paying 40% of the Ministry Share. Publlc beneflt When planning our activtties for the year, we have CorIdered the Commission's guidance on public bellefit and, in particular, the supplementary guidan on charitEes for the advancement of religion. In particular, we ty to enable ordinary people to live out thr faith as part of our parish community through.. Worship and prayer. learning about the Gospel,. and devdoplng their knowledge and trust in Jesus. Provision of pastoral care for people Iwing in the parish. Misstonary and outreach work.
Page 3 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Trustees. Annual Report (condnuedj Year ended 31st December 2023 Safeguardlng The PCC aware of 115 duty lo have due regard to the House of Blshops. guidance on Safeguardlng Children and Vulnerable Adults. The PCC has complied with the duty under S8Ction 5 of the Safeguaréing and Clergy Discipline Measure 2016 (duty lo have due regard to the hous8 of Bishops. guidance on Safeguarding chlldren and vulnerable adults}. In 2022 the PCC has used the 'Safeguarding TOkil. provided by the Diocese as a way of self- assessment to seek to ensure that il fvlfils its duty. Safeguarding information is display&d in both churches and in their church halls. Al who have regular contact Wtth children andlor vulnerable adults must submit to a DBS check for criminal convictions, whwe indicated. Everyone in ¢onta¢t with children andlof vulnerable adults has undertaken a diocesan safeguarding Irainlng or refresher course, as appropriate. Safer Recruiting has been used throughout the year to fill all voluntary and paid posts. Safeguarding is a stsnding item on each PCC agenda. There is now a single Parish Saf8guarding Officer IPSO). Sian Morgan and Church Safeguarding Officers who work alongside her, Sheila Abrahams and Jean Blakamore. Employees St Mary's continues to employ a Director of Music. During 2023 the parish has employed a Children and Families wker. Achievements and performan¢e Church attendance At the conclusion of 2023 the parish electoral rdl wa$ 182 of whom 123 were resldent in the parish and 59 were non-sIdent in the parish. St Mary's Church Districl Roll: 102 of whom 61 are resident in the Parish and 41 are nork4resldent. Church of the Ascension District RCAI.. 80 of wM 62 a resident in the Parish and 18 are non- re$ident. Reports of tha Prfest In Charge Report ofthe Priest-in-Charg¢ st Mary's ChLtrch Klngswlnford As I wrote this report l Gan'l believe that I've nearfy with you three years and the exciting joumey we have been on and all that we have to look forward to ev8n as we ¢onlinue to grapple with things Ilke attendance, lower planned giving and ensuring our buildings are fit lor purpose and meeting net zero targets.
Pag¢ 4 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Trustees. Annual Report {oxJndnuerfJ Year ended 31st December 2023 Achlevements and porforniance (contlnued) The key hyJhlighl for me during 2023 was when we were told that we had been successful in getting through the various st8ges of our grant fijnding application to the natK)nal Church. A quick summary of this, and how il links In wkth the diocesan strategy is as follows.. The Dlocese of Worcester has embarked on a new Transformation, strategy that seeks to become a numerically lary church in 2030 compared to 2019. Under God's grace, the Diocese hopes to realise the folli)wing three strategic prloribes.. 1. Renew churches in ea¢h major area of population to ensure there is at least one church with 150 people attending weekly, enabling them to support other local churches. 2. Double the number of children and youig people worshipping in our churches. 3. Create 100 new worshipping communities Offng a range of ways for people to come lo faith. To support Priority 1. the Diocese has idenLified seven urban churches lo be part of a 'Renewals' programme, whlch seeks to grow existing church communrties. To help ddiver th1$ programme. the Diocesa has secured £6.8m funding from the national church's Strategio Mission and Ministy Investment Board (SMMIB). From this. each renewal church will b& equipped to employ new staff, txrry oui improvements to their buddings, and contribute towards the costs of mini5ty and ov8rheads over a 5-year peritxl. Both St Mary's ané Church of Ascension have been identified as renewal chltrches and will play a key part towards of the Transft)miation pricfftties. in particular Priority 1 to ensure they provide a healthy growTng church that serves th6 populations of Kingswinford and Wall Heath. Vvith the benefit of this tsnding. it is hoped both churches will develop and grow, make new disciples. and support other churches in the local area. The vast majority of our grant IS for employees or slipendiary clwgy.. a child.'en and famll ies worker, an administrator, an OFerations manager and a Pioneer Priest. More wo¢K was then needed to create a mission plan and continues lo take place lo meet the requirements of the grant wtih the PCC being the acUntabl0 body and the employer. We were exceptionally blessed to be able to immediately the employment of a Children and Families Worker for the parish and Sian will WTite her report tyjt needless to say her energy and exceptional knowledge around engaging with our thildren and young people is already reaping groat rewards with people becoming part of Messy Church, Mainly Music and Singing Angels as well as engagement with schools through the dtfferent 'experiences'. There is tnuch ongoing work taking place and we w11 n98d to start lo look at seeing how many people are attending our church across the week rather than just seeing tt as nUMbS on a Sunday momiig but a great start lo the work which will corrtinue apace during 2024. As we give thanks to God for thss opportunity tt is very imp(*lant that we do not see this as a reason lo reduce or stop our regular glving. We will still need to pay Ministry Share and all the running costs for church and hopefully grow our gwing into the fvturo 30 that we are able lo continue to pay for employed posts into the future. In 2023 we saw long-standing members of our church family depart from this world and meet our Lord face-lo-face. I know how much their deaths have been fell by us all and we conlinLEe to pray for one another in grief, bul we honour their commitment and dedication lo our Church by building on what they started and standing on their shoulders to Ixbntinue building the kingdom of G( here in K1ngswnfd.
Pagg 5 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Trustees. Annual Report (conllnugd) Year ended 31 st December 2023 Achiovern8nls and perfornianco (conllnu8d) 2023 also saw the festivities of the Onation taking place across the cnty and11 was a loy to be part of that in Kingswinford. The work In the last year continues that of 2022 and here are some furth highlights: Momlng Prayer Moming prayer continues to be Monday. Tuesday and Wednesday of each week where a regular small band ol pray-ers come together to listen to scripture and pray for the needs of the ¢hur¢h and the world. 11 a wonderful way to start the day and meel gently wth God in the quietness of St Mary's arKI anyone is welcome lo c¥Jme along and join in Yrith this. Servlces and Uturgy I've conlinu8d to change our seasonal seJvic* booklets during the year which all5 us both consistency and difference during the year. During th8 year w8 hav6 ftIrth embe(Ided the rw Mass setbng {Mass of Si Thomas) to use alongside our other settings. I have ¢tinUed to ensure that whenever there is a festNal whith falls on a Sundays a Eueharist is offered even when l am at Church of the Ascension. This has meant we have been privilrfed lo experience the minlsty of other priests most notably Fr Md Sffiiih and Revd Jane Freeman as well as others from around the Diocese. Evensong and Benediction wtth music from Tarze o)ntinue to be offered on Sunday evenings and whilst numbers are smaller compared lo previous years, the intimacy Is appreciated by those who come and we had a g(M)d lum out for the coronation evensong and 'Sing for the King.. l am hoping that durirtg 2024 we will be able to review whal dse we Can offer during a late aftemoonlevening on a dtfferent ndaY a month. Our quarterly metnollal services are always well attended and appwated by both families who we have had the honour of leading fijnerals for and for Ihose we did not. This is an important part of our outreach ID the communty we serve. We also hdd the Coop FUneralare annual memorial 8eNice al Christmas whh again allows us lo offer an Important ministy within our communty. This year we heid our usual full suite of Christmas services which wa5 an absoiul8 joy and something we can continue to wcwk on next year. particularly our relationship with Wordsley Amateur Dramatics Society (WADSI who, for the third year, supported our cOM.Unt carol service with gusto. Numbers were also up across the Christmas swi5 compared to previous years. In 2023 we buitt well on my s6rond Hoiy Week and Easter with you and we ensured a full sot of services look place induding. Compline and reflection on Monday.. Tuesday arsd Wednesday Df Holy Week., a Eucharist, fool washing. stripping of the altar and the Watch on Maundy Thursday,. children's activlties, Stslions of the Cross and the L2$t Hour by th8 Cross with Holy Communion on Go(xi Frid2y,' the Easter Vigil and U)e Eucharist of the ReSue¢b0n on Easter Eve and a pular Sung Eucharist on Easter Day.
Page 6 The Parochlal Church Council and Ecclesiastical Parish of Kingswinford, St Mary Trustees, Annual Report (contlniiedj Year ended 31st December 2023 Achlevements and performance (condnued) The Servers Gulld at Sl Mary's conunue to sup1 ma al Ihe altar f the majority of our services and we have rpcruiled new seNers 2nd continue to look out for me as well. We also welcomed the Guild of the Serwers of the Sanctuary to Sl Mary's during the year fof one of their regular Guild services. The newest service Introduc dur(ng 2023 was the blessing of the bags service whwe wa invited any children about lo start Scho in September to come and have their school bags blessed. This was a joyous seNice and we're hoping more will come when we njn rl again in 2024. W8 have also run a Light Party as an allemative lo Halloween and this was gready appreciated by those who ¢ame. Music The musal offering at st Marls is a crittcal part of our mission with tho choir supporting the vast rnajority d Services Snd belng available to sing at weddings and funerals when asked for by familie5. Recruiknenl continues to b6 a priorty both for adults and children bul is a problem faced by so many church ¢irS around the county. In the coming year we wtll continue to IcK)k at different methods of recruitsmenL Our bell ngerS continue lo ring for serViS and continue to offer an audible pres8nce of our church far and wde. So many people ¢omment on the bdls and how important f( is that they are there and being rung and so ir the com".ng years we need to ensure that we recrutt new ringers who can contlnue thi5 important ministy wthin Kingswnfcfd. Royal British Leglon, ATC and Remembrance Sunday I conlinLJe to be the Chaplain to the Kingswinford ROY Brilish Leglon and our remembrance day seNice was attended by so many in the local comtnun.ty as wetl as a deputy Lord Lieutenant, our MP and local councillors. l am now Padre tr) th8 Kingswinford Air Training Corps whose band thon came and played for our Christma5 Tree Festival. This is amazing work within our u)mmunity and I cAinb'nue to devdop links between Sl Mary's and the local ATC. We conb'nue to look for funding to have a map produced for Ihe churchyard showing the looatlons of all the Comrnorweallh War Graves. Flower Gulld The flower guild continues lo present wonderful floral arrdngements throughout the year and especially al key points during the liturgical year. Flowers always add lo the welcome received by visltors and regulars lo our church, and we are blessed by having them as part of our worship to Go. Wedding couples are also now able to order flower arrangements from Sl Mary's and this has proven popular with them. Chrlstmas Trea Festlval The Christmas Tree festival was its usual great success both in lems of the number of Christmas trees being provided and the number of ppIe coming to vlsit. This is a great method of reaching out lo the Ic1 community and offered me a Char to make some really excellent links.
Page 7 The Parochial Church Council and EcGlesiastical Parish of Kingswinford, St Mary Trustees. Annual Report (conllnu¢O) Year ended 31st December 2023 Achievements and performance (conrfnued) Mother8 Union The MU continues lo thrNe in Kingswnford wth groups and arg a key part of ensuring the Bibllc81 mandate ID help the vulnerable in r worfd is k8Pt by our church. I know how much the organlsalions whlch the MU SUPPOTIS appreciate the help given and defflonstrates loving service in the world, a key part of all our discipleship. Churchyard The dedi¢ated group of churchyard volunteers (x)ntinue lo meet and work week by week, cutting lawns, dismanling ivy, tidylng up bushes and generally keeping the churchyard l(x)king great and serene for the many Visitors who attend day in and day (Njt and they have opened up the very bottom of the churchyard for Ihe first time in many years. As part of our ongoing maintenance of the churchyard th8 plan aged by the DCC to manage our trees has continued and much of the big work is now complete. We need to think hard about fvture rjth1ent to this merry band of hdpers of'Bob's boys,, as I lik8 to call them. Llnks wlth St Mary's Prlmary School We are very blessed to have dedicated school govemors frorn oui Church C(munity and l ask that you continue lo pray for them and their WOTk. I continue in my ex officio role on the governing body and enjoy being able to lead sth¢Jol assemblies On each half lenn as well as welcDming children from school to church for tours, lessons and generally exploring and feeling that this is their church home. l also visit recepbon dass once a month to read Ihem a Bible story linked to th6 alue, they are learning about. We had another great harvest festival in church with children attending with their families and teachers lo come and take part in the service. School Christmas and Easter services also take place in church and it was a loy to be able to welcome pupils, Iheii parents and slaff into St marS. Havlng lrialled 'Gath8¢ as a repla¢emenl for Sticky Churth we cuded that this wasn't worktng In the way we hoped and so have ncw moved to (Jffering Messy Ch%Jrch to any families from acfoss tho parish. Llnks with other s¢hoo15 As well as our obvious link with St MarS we also link up wtth Blanford Mere Primary School, Dawley Brook Prlmary School. the Kingswirrford Schod and the Brier Sch1 wlth Blanford More, Dawley Brook and tho KingswlnFord holdlng Christmas services in St Matys. The Brier School have had a iour of St Marfs and have been helping out in the chur¢hyard as part of their curriculum. Open the Bcok operales across most schools in the parish and Is resour by Church of the Ascension. If anyone is interested in j¢ining this group please speak to me a5 it is an important part of our ministy to schods.
Page 8 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Trustees, Annual Report{condDued) Year ended 31st December 2023 Achlevernents and p8rfonnanc8 {condnu¢dJ Ministry Tgam and Worshlp Pattérn Our worship pattern has remained the same since l arrived which would not be possible withcmjt the dedication and hard work of our Readers and ALMS and my gralefijl thanks goes out lo each one of them as well as boing personally blessed by their mlnlstry. Our mlnlsty team conlinues to flcurish and grow and 2023 saw some very exiting developments with Chrfs Knight being licensed as a Reader in the parish 8nd Neil OINer and Karen Whilehouse concluding their Worship Leader ALthorised Lay Minister course and being duly authorised by me for this mirnislry. During the year long standlng ALM. Bob Green decided to reduce (not eoncludel his ALM mlnisty and it is important tral this report notes and gives great thanks for his dedication to this role over many years. Helen Mor8n also rMmenCed her Worship Leader Aulhorised Lay Minister (ALMI training in 2023 and we look forward to her being authori$ in 2024. As we look forward lo 2024 we do so in prayethl expectation as Chrts Smith jolns us as our curate in July as well as ft)r the appointment of a pioneer prt&st. S¢rvi¢g attgndance The average Tuesday congregation number is 12 people. The average Sunday morning congwation number is 52 pwple. The average Sunday evensong (x)ngr8gation is 21 people and the average Ben8diction with Taizé Servi congregation is 22. Occaslonal office5 Across the parish there are a go1 number of cK¢asiona offices. The majorty of funerals are d11 to the Crematorium. bul we conb'nue to offer our church for funeral services for those who want IL In 2023 there were 6 weddings," 2 blessings following a civil marriage and 2 renewal of wedding vows. In 2023 there were 23 baptisms11 adult and 22 children). In 2023 there were 15 church funerals, 16 intemient of ashes in the churchyard and 6 burial8 In the churchyard following 8 church service. Governance Our DCC continues to meet regularty and plan for the fijture. We do. however, need people to think about picking up different rdes across our church and so please think and pray about whether this Is something you could do or whether there is someone you cou'.d ask. Flnanco In 2023 we paid our full ministy share across the parish with Sl Marls givlng £32,193.60. This Is an amazing hIevement and one we should all be very prcwd of. However. our plann gIVS are al their lowest nurnber ever and this is a cause for concem with all of us needing to promote regular giving whenever we can.
Page 9 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Trustees. Annual Report (contlnisedj Year ended 31st Decembar 2023 Achlevements and porformance (wntlnued) We have also been In the privileged pOSiOn of receiving 8 number of bUests this year as follows.. Jennrfer Gough Marian Bennett Legacies are such an important opportunty for parishes, and we gNe thanks lor them. After many years of faithful Serv as our Treasurer Mike Penn decided to retire from this imFN)rtant minlstry and this report notes and gives great thanks for this dedicatson to this role over many years. Communicatlon Communication has continued through our regular news sheeL the Contact Magazine. our wobsite and on swial media. This year we have also produced a number of posters for key events. As we look to the future, we have agreed lo seek Flanning pemiis$lon and church permissions for an additlDnal noticekxjard outside the church ntre. Mlsslon accompanler During the year we have Continu to be bless by Paul Wilcox as our Mission Accompanler and we Gonlinue to work on our health and sustainability an wth key actions for us to work on. These areas are: 1. The ernploymenl of a children ané families worker 2. To impiove and ensure a wide vattety of communicauon 3. To introduce a welcorne journey for new people atiending our seNices 4. To ensure our financial sustairnability through regular gwing 5. To ensure succession planning for roles a0$$ our church Paul has been a loy lo work wth alongside a core group from the parish (3 from Si Marfs Church and 3 from Church of the Ascension). The future 2023 was full of hope and seeds starting to shwL Sometimes we can forget that Rome wasn't built in a day and that we need to keep plugging away at what we do and rooting il all in prayer. God is in thls and that will aayS be the single most ImpnI part of Our ministy in our parish. What we offer lo our parish has grown and been wdcOM by those who Gome to our 8rray of different services. We just ne&J to keep on inviting people. Sharing the good news and living out our discipl8ship as ftjlly as we can. 2024 will be very different as we welcome new min1st, grow our team and continue io offer dtFFerenl types of worship all rooted in our deep desire for people lo meet wlh Gcxy in sacrament and word. With thanks..... There are loo many people to thar)k individually for the work done at St Marls bul you all tx)nlribute in your own $ignificant way to the building of the kingdom and that is our calling as Christians. 11 is a prlvilege to walk wlth you all on this journey. With my continued love as we help build the lungdom in our part of the vlneyard. Fr Adam.
Page 10 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Tru5tees' Annual Report l¢t¥nffnuedJ Year ended 31st December 2023 AGhievoments and porforniance {wifln¢ Report of the Prlest-In.Charge Church ofth8Ascenslon As I wrlte this roport I canl believe that I've nearty been with you three years and the exciting journey we have been on aThJ all that we have to look forward to even as we continue lo grapple with things like attendance. lower planned giving and ensuring our buildings are rtt, for purpose and meeting nel iero targets. The key hbhlighl for me during 2023 was when we wer8 told that we had been successful in getting through the various stages of our grant fvnding application to the national Church. A quick summary of this. and how il links in wlth the dian strategy is as fdlows.. The Diocese of Worcester has embarked on a Transformation, Strategy that seeks lo become a numerically larger churth in 2030 compared 10 2019. Under God's grace, the DceSe hopes lo redise the follong thre8 strategic pricKities.' 1. Renew churches in each major area of populats'on lo SUre there is at least one ¢hur¢h with 150 people attending weekly, enabling them to support other local churches. 2. Double the number of children and young people worshipping in our churches. 3. Create 100 new worshipping communtb'es offering a range of ways for people to corne to faith. To support Priority 1, the Diocese has identsfied seven urban churches to be part of a 'Renewals' programme, which seeks lo grow existing church communitles. To help deliver this programme, the Diocese has secured £6.8m funding from the national church's Strategic Mission and Ministry Investment Board {SMMIBI. From this, each renewal church will be equipped to employ new staff. cary out improvements to their buildings. and contribute towards the costs of ministry and overheads over a &ytrJr pericNJ. Both St Mary's and Chur¢h of AsnsIOn have been identffied as renevrdl churches and will play a key part toward5 each of the Transformation priCe5, in particular Priority 1 to ensure they provide a healthy growTng church that serves the populations of King$wlnford and Wall H&ath. With the benefit of this funding, il is hoped both churches WTII develop and grow, rnake new disciples, and support other churches in the local area. The vast majority of our grant is for employees or stipendiary clergy.. a children and families worker, an administrator, an operations manager and a Pioneer Priest. More work was th8n need&1 to create a mission plan and conbnues lo take t2 to meet the requirements of the grant wth the PCC being the accouniable body and the employer. We were excepllonally blessed to be able to Imml8telY Sre the employment of a Childr8n and Families Worker for the parish and Sian will write her own report bul needless to say her energy and exceptional thedge arodnd engaging with our children and young people is already reaping great rewards with people becoming part of Messy Church, Mainly Music and Singing Angels as well as engagerneil with schools through the drfferenl 'experiences'. There is much ongoing work taklng place and we will need to start to look at seeing how many people are attending our church across the week rather than just seeing it as number5 on a Sunday monins but a great start lo the work which will continue apace during 2024. As we glve thanks to God for this opportunty tt 15 very important Ihal we do not see this a5 a reason to reduce or Slop our regular giving. We will still need lo pay Ministry Share and all the running costs for ¢hurch and hopefully grow our giving into the future so that we are able to continue to pay for ernployed posts into the future.
Pagèll The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Trustees, Annual Report {¢ontlnu8d) Year ended 31st December 2023 Achlevements and performance (cofrthnuodj In 2023 we 58w long-standing members of our church f2rni depart from thi5 world and meet our Lord fac&t¢>face. I kr.ow how much their deaths have been felt by us all and we continue to pray for one another in grief, but we honour their commitment and dedication lo our Church by building on what they Started and Standing on their shoulders to continue building the kingdom of God here in Wall Heath. 2023 also saw the festivities of the ¢tyonalion taking across the County and was a joy lo be part of that in Wall Heath through worship and community events. The wotk in the last year continLES on that of 2022 and here are some fvrth8r highlights.. Evening Prayer Evening prayer continues lo be held Monday, Tuesday and Wednesday of each week where a regular small band of pray-ers corne together to listen to scripture and pray for the needs of the church and the worfd. 11 a wonderful way to take stock of the day and meet gently wilh God in the quietness of Church of the AsGension and anyone is welcom8 to come along and l(in in with this. If you've not been along before then please drop by one evening as we listen to tha husle and busue of the traffl¢ outslde and hold them all before God. Servlcos and Liturgy I've continued to change our seasonal service bo0ets during the year which allows us both consistency and difference during the year. We've also leamt some new worship songs and drfferenl parts of th8 Eucharistic prayer to aid our worship. I have ensurwj that whenever there is a f8Stival vthith falls on a Sundays a Eucharist is offered even when l am at St Marls. This has rneanl we have been piivileged lo experience the ministy of other priests most notsbly Fr Mel Smith arKI Revd Jang Freeman as well a5 Others from around the Diocese. Conlnuing the pattem set in 2022 a fvll sel of services were offe1 during Holy Week 2023 wlth Evening Prayer and Holy Week reflections being offered by me on Monday, Tuesday and Wednesday. Fr Mel running a Triduum and Revd Jane leading our Easter Day service. The feedback from this was extremely positive and people fell moved by walking the Holy Week journey Icoether. 2023 also saw a joint Palm Sunday service with St Andrev/s URC where we started at st Andrew's and then processed down lo Church the Ascension with our palms hdd high. The Patronal Festival for Ascellsion Day was anoth¥ highlight of our year with the Bishop of Dudley presiding and preachlng and a chance to cdebrate our church in the heart of Wall Heath. The newest service introduced during 2023 was the Nessing of the bags service where we invited any children about to start school in September to come and have their schocl bags blessed. This was a joyous service and we're hoping more will come when we run it again In 2024. Social events and community events returned wtth gusto durtng 2023 and this brlngs so much loy to those who attend them and shows how our church has such an important role in Wall Heath. The Ccmnation Garden Paty was a particular highlighti Durlng 2023 Jigsaw, OLFr Irrformal worship, continued to have a supporbve WhatsApp group and moved ils worship to 8 4pm monthly slot. We're still struggling for numbers and il's ped that our Pioneer Prfest, onGe apt)ointed may be able to be the conduti to move this forward.
Page 12 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Trustees. Annual Report (condnu Year ended 31st Decemb8r 2023 Achl?vernents and perfomanco (¢onrfnu• Christmas was great fun with cur Christmas services offering us yet another bumper yar in teTms of people attending and our second year with an Lmrtdoor carol service brought 187 people together lo sing carols, shgre f611owship and cdebrale Christmas. We svTII cwtsinly continue wth thls. Remembrance Surbday was also a Servi whith brought togethw a greal number from the community in Wall Hsath and is an opportunity to remember those who lost their lives in so many conflicts. Women's World Day of Prayer was hold at Church of the Ascension in February 2023 and this was greatly appreciated by the many churches represented. Muslc Church of the Ascension continues to be a plac8 that love5 to sing. d8nix and G5ap Its way through worship and this brings a great sense of joy to everyone who comes. We haven't used our band as much as I'd hoped but maybe 2024 is the year where this could happen more! Llnks Church ot the Ascenslon Prfmary School We arfj vwy blessed to have three dedicated school governors from our Church community and l ask that you continue to pray for them and their work. I lead a whole school assembly once each half term a5 well as going into reptIOn once each month to read them a Bible story. A number of dasses have also been over to church for a tcyjr. Church Club runs avery weeks approximatdy 20 chIldn attdIng each bme lo hear a Bible story, do a craft aGtivity and pray. It's so wonderful lo see this level of engagement and again, our prayers and thanks need to be wtth those who lead this. We also had a gTeat mothering Sunday sviCe, harvest festival service and Chrislingle service with children frorll school helping lead those and we ]k forward lo building on this into the future. Links wlth other school$ Open the Book operates from Church of tho AscensiDn across mosl schocls in the parish. If anyonels inlerosted in joining Ihis group please speak to Sheila Freeman as it is an impt*tanl part of our ministry to schools. Our local schi)ds also give cwjt mater6al informing people of our services at Christmas and Esstw. Mothers Union We are blessed lo have a MU group In Wafi Heath and its members are a key part of ensuring the Biblical mandata to help the vulnerable in cxjr worfd is kept by our church. I know how much the organisalions which the MU supports apPrecte the hdp given and demonstrates loving seryice in the world. a key part of all our dISPIeshlp. Flowers In church We continue to have w(derfUl floral arfdngements throughout the year and especially al key points during the lilurgiGal year. Flowers always aild to the welcome received by visitors and r8gulars to our church, and w8 are blessed by having them as part of our worship to G(xl. Worship Pattem Our worship pattem has remained the same Sin l arrwed wPiich would not be possible without the dedication and hard work of our Readers and ALMS and my gratefvl thanks goes Out to each one of them as well a5 being personally blessed by their ministy-
Pago 13 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Trustees. Annual Report (Mndnu8d) Year ended 31st December 2023 Achlovements and performance (contlftued) Our mini5ty tearn continues to fiourish and grow and 2023 saw some vwy exciting devetoprnents Mrith Chris Kniqhl being licensed as a Reader in the parish and Neil Oliver and Karen Whitehouse concluding their Worshlp Leader Authortsed Lay Minister course and being duly aUthISed by me for this ministy. During the year Ixjr long slandirg ALM. Bob Green decided lo reduce {not ¢oncludel his ALM ministry and It is Impcylanl that this report notes and gNes great thanks for his dedication to this role over many years, Hden Moren also comrnenced h8r Worship Leader Aulhortsed Lay Minister (ALM} tralnlng in 2023 and we loc4( forward to her being authorised in 2024. As we look forward to 2024 we do so in prayerful expeclation a5 Chris Smith joins us as our curate In July as well as for the appointment of a pioneer priest. Fabri¢ During the year the faculty for MovIng the choir stslls vfds agre8J by the Chancellor however, she ruled that the pulpit o)uld not be removed withoulfvrther research into rt. Govornance Our DCC continues to meet regularly and plan for the future. We do, however. nd people lo think at piCng up different roles across our church and so please think and pray about whether this is something you could do or whether there is someone you could ask. Finance In 2023 we paid our full ministry share a(oss the parish wrth Church of the AsnSIon giving £21.462.40. Thls is an amazing achievement and one we shtxjld all be very proud of. However, our planned glvers are al their lowest number ev8r and this is a cause for concwn with all of us needlng to promote regular giving whenever we n. Service attgndance The average Wednesday congregation number ks 19 people. The average Sunday 10am congregation number k8 37 wiple. Occasional officgs Across the parish there are a g(x)d number of cwsional offices. The majorty of funeffals are direct to the cMatoriUm. but we conb'nue to offer our church for fijneral servl¢e$ for those who want rL. At Church of the Ascension= In 2023 Ihero were 8 baptisms. In 2023 there were 6 church funw81s. Please think about attending one of our baptism services, seang what goes on and meeting the families who coma to them. They are aKYays uplffting and energising and show how irr,portanl our church is to families in the ICal communty.
Pago 14 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Truste8s' Annual Report {conrfnuedJ Year ended 31st December 2023 Achièverngnts and perfomance In¢lusivg Church We continue to be members of the Inclusive Church Nehvork which has opened up some eXlIent conversations wtth people about what this means as wdl as offering us challenges lo ensure our incluslvity is a8 full a5 11 should be. Mlsslon accompanler During the year we have continued to be richly blessed by Paul Wilcox as our Mission Accompanier and we conb'nLt8 to work on our heallh and sustainability plan Wih key acllons for us lo work c)n. These areas are: 1. The employment of a children and families worker 2. To Improve and ensure a wide variety of communlcatio. 3. To intri)duce a welcome journey for new people attending our swtces 4. To ensure our ffnancial SLtstasnabilty through regular gwing 5. To ensure succe$3ion planning for roles across our church Paul has be8n a ioy lo work wlh alongside a core group from the parish (3 from St MaS Church and 3 from crCh of the Ascension). Cornmunication Communication has Continued through our regular news sheet, the Contact Magazine, our website and on swal media. We continue to benefit from a great number of colourfvl posters on Ihe church gates throughout the year advertising what we do! In conclusion 2023 was full of hope and seeds starting to shoot. Sometimes we can forget that Rome wasn't built In a d8y and that we need to keep plugging away at what we do and rooting il all in prayer. God is in this and that will always be the single most important part of ministy in our parish. What we offer to our parish has grown and been wdcom&J by those who come to OLtr array of rfferent sefvices. We just need to keep on invibng people, sharing the wod news and livlng out our discipleS'p as fully as we can. 2024 will be very different as we welcome new ministers, grow our team and (x)nlinue to offer different types of worship all rooted in our deep desire for people to meet wth God ill sacrament word. Wlth thanks..... There are too many people to thank individually for the work done at Church of the Ascension but you all contritrle in your own significant way to the tHJilding of the kingdom and that is our calling as Christians. It is a privilege to walk with ythj all on this joumey. With my continued love as we help build Ihe knngdom in r part of the vlneyard. FrAdam.
Page15 The Parochial Church Council and Ecclesiastical Parlsh of Kingswinford, St Mary Trustees. Annual Report (¢orttiTru Year ended 31st December 2023 Flnanciat review Tolal receipts on ordinary unrestrct8d funds we £152.011 and a dolailed in th8 finanaal statements. The freehold house at 4 The Village, KIngsvnf0rd continues to be let temporarily, which provided a gross income of £8,400. £174,981 was spent to provide Chrisban ministry from St Mary's Church. Kip.gswinford and Church of the Ascerlsion, Wall Heath, including the contribution to the Diocesan Parish Share. which largely provides th8 stipend and housing for the clergy in the Diocese of Worceslw. The net result for the year was an excess of payments over receipts of £5,696. After re¢onciliallon, the balances carried forward at 31st Decembw unr6strscted funds tolalled £201,139. R¢serves Pollcy The PCC retsins certain funds for r6stricled use of the churches in the parish. At St Mary, Klngswlnlord: The°Betty Magson La¢Y Fun¢f is retained towards meeting the cost of repair$ or improvements to the building. The balance for this fur was £53,678 at 31 st December 2023. A reslricled fund "Saint Mary's y¢th and Education Fund" was established Yor the education of young people In the 1fjngswinfd Distrlct of the Parish of Sl Mary, KIrswInf0rd" The balance in thls was £20,559 at 31st December 2023. There is also a restricted 'property fijnd. with a balan¢e of £90.000 al 31st ember 2023, reprented In the church's tangible fixed assets. These three fvnds are represented wlhin the church's (x>mbined bank balances. During the previws year Iwo new restricted funds set up the IacY reiVed from the Estate of Elisabelh Corfield. The balances for the 'Elisabeth Corfield Gravestone Fund and the "Elisabelh Corfield Sl MarWs Padded Seating and Church Building Fabric Fund. wwe £82,873 and £47,726 respectiv4y at 31 st December 2023. Two separate CCLA investment accounts are held to contain these fijnds. During the year £3.000 Yrds transferred to a new designated fund named the "Incumbents Board Fund". In addition, there is a CCLA inveslmenl relating to a bequest dating back to 1969 and shown as endowment fijnds. This bequest was for the purp)ses of th8 church and parish r(x)m fabric maIntenae and for churchyard maintonance. This endowrTtent fijnd had a balance of £30,833 al 31$1 December 2023. At Church of the Ascension. Wall Heath: Funds are retained for various purposes, inctuding repair or impmvement of the fabric of the church= Included within investments are two CCLA Investrnents - 'Genal. £32,263 and 'Educalion' £37,605. All revaluab'ons and income derived from the 'EducatK)n' investmeftt are treated as part of the restricted "Education" fund.
Pagg 16 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Trustees. Annual Report (Gonffnu8dJ Year ended 31st December 2023 The trusleos, annual report was approved on 15th May 2024 and signed on behalf of the board of trustees by.. Revd Adam R Hadley Trustee
Page 17 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Independent Examiner's Report to the Trustees of The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Year ended 31st December 2023 I report lo the Iruslees on my examination of the financial statements of The Parochial Church Council and Ecclesiastical Parish ol Kingswinford, St Mary I'lhe charily'l for the year ènded 31 sl December 2023. Responsibilities and basls of report As the Iruslees of the charity you are responsible for the Preparation of the financial stalernents in accordance with the requirements of the Charities Act 2011 I'lhe Acl'l. I report in respect of my examination of the charity's financial slalemenls carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examingr's statement I have completed my examination. I confirm that no material mallers have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respecl of the charity as required by section 130 of the Act., or the financial slaternenls do not accord with those records., or the financial slalements do not comply with the applicable requirements Concerning the form and conlenl of accounts sel out in the Charities (Accounts and Reports) Regul81ions 2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an indepelldenl examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. MRAA B GRAINGER FCAOF Independent Examiner Griffiths & Pegg Limited Chartered Accounlanls 3 Hagley Court South Waterfront East Level Street Brierley Hill Wesl Midlands DY5 1XE
Page 18 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary statement of Financlal Activities Year ended 31st Docember 2023 2023 Restricted Endowtyent funds fvnds Total funds Total funds 2022 Unrestricted fund5 Not Income and endowments Donations and legacies Fees and lettings Investment in¢gme Other income 87,180 56,362 5,695 2,Tt4 20,000 107,180 56,362 8,944 16,148 188,634 315,116 48,508 3,332 112,2801 354.676 3,249 10.723 2,651 Total income 152,011 33,972 2,651 Exponditure Exp8nditu.'e on charitable actviti&s 174,981 19,349 194.330 194,330 166,4Q5 Total expendituro 174.981 19,349 166,405 Net losses o investments 10 {1381 N¢t (9xpendltureylnme and ngt movement In fund8 (22,9701 14,623 2,651 {5,696) 188,133 Reconclllatlon of fund$ Totsl funds broughlforward Total funds carriod forward 224,109 201,139 288,385 28,182 540.676 352,543 303,008 30,833 534.980 540,676 The statement of financia] activities indudes all gains and losses recognised in the year. All income and expendliure derive from continuing acttvibes. Tha notes on pag95 20 to 29 forni part of these flnanclal st8toments.
Pag¢ 19 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Statement of Financial Poslllon 31st December 2023 2023 2022 Noi FIXED ASSETS Tangble fixed as8ets Investments 14 15 90,000 183,589 273,589 90,000 165,220 255.220 CURRENT ASSETS Debtors Cash at bank and in hand 16 4.153 264,772 268,925 5,e38 288.990 292,628 CREDITORS: amounts falling due wlthln one yèar NET CURRENT ASSErs 17 (7.5341 17,172} 261.391 285.456 TOTAL ASSETS LESS CURRENT LIABILITIES 534,980 540,676 540,676 NET ASSETS 534.980 FUNDS OF THE CHARiri Endowmgntfunds Restricted funds Unrestricted funds - DeswJnated Unrestricted funds - General 30,833 300,008 69,678 134,461 28,182 288,385 58,278 165,831 Total charlly funds 18 534.980 540,676 These flnancial stalements were approved by the board of lrnste8s 2nd authorised for issu8 on 6th May 2024, and arg signed on beha of the board by- Revd Adam R Hadley Trustee Thè notè8 on pages 20 to 29 part of thesg flnanrAal statements.
Page 20 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Notes to the Financial Statements Year ended 31st December 2023 G8neral Irrfonnation The Gharity is a public benefit entity and a registered charfty in England and Wale$ and is unincorporated. The address of the principal office Is The Eco Vicarage. 15 Penzer Street, Klngswinford, West Midlands, DY6 7AA statement of Gompllance These financial statements have been prepared in complian(* with FRS 102, The Financial Reporting Standard applicable in Ehe UK and the Republic of Ireland,, the Statement of Recornmended Practice applicable lo Charities preparing their ac(x)unls in accordance with tho Financial Reporknng Standard applicable in the UK and RepuElic of Irdand IFFIS 1021 (Charilles SORP (FRS 10211 and the Charilies Act 2011. Accountlng pollcles Basis of proparatlon The financial stalemenis have been prepared on the historical cost basis, as mcéified by the revaluation of certain financial assets and liabilities and invesknent properb8s measured at falr value through income or expenditvre. The financial statements are prepared in sleding, which Is the fvnctional currency of the entity. Going concern There are no material uncertainties aboyjt the charity's abilty to continue. Dlsclosure exemptlons The enlity satisfies the criteria of being a qualwying entÈty as defined in FRS 102. As such, advantage has been taken of the followirwJ disdosur8 exemptions available under paragraph 1.12of FRS 102.. lal No cash flow statement has been presented the company. Ibl Disclosures in respect of finanal instruments have not been presented. Judgoments and key sources of estlmation uncertainty Th8 preparation of the finanryal statements requires management to make juégements, estirnates and assumptr'ons that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectaiions of future events that are belEved to be reasonable under the arcumstance5. Fund accounting Unrestricted funds 8re available for use at the discretion of the trustees to further any of the charity's purpo$e$. Designated funds are unrestricted funds earmarked by the trustees for particular future proiecl or commitment. Restricted funds are subjected to restrictions on thr expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-dasses= restn.cled income funds or endowmenlfvnds.
Pagè 21 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Notes to the Financial Statements {contlnu8dJ Year ended 31st December 2023 A¢¢ountlng policie¥ (Gonrfnu¢d) Incoming re$ource5 All incorning resources are included in the stalefnent of financial activities when entitlement ha5 passed to the charity-, it is probable that the eco.Yorrilc benefrts asswaled wth the transaclK)n 11 flow lo the charity and the amount can be rdiably measured. Th8 following specific pdicles are applied to particular categories of in¢ome: income from donations or grants is recognised when the is evidence of entiuemenl to the grft, receipt is probable and its amount can be measured reliably. legacy income is rwnised when receipl is probable and entittement 1$ established. income from donated goods is measured at the fair value of tho goods unless this is impractical to measufe relia1y. in which case the valLSe is dertved from the cost to th8 donor or the estimated resale value. Donated faalrties and s@rVe8 are recognised in the accounts when received if the vafue can be reliabW measured. No amounts are included for the contribution of general vdunleers. income from contracts for the supply of services Is rniSed with the ddNery of the contracted service. This is dassffjed as unrestrict1 funds unless ihere is a conlraclual requirement for il to be spent on a particular purpose and returned rf unspent, in which caso it may be regarded as restricted. Resources expended Expenditure is recognised IM an accruals basts as a liability is ir¢curred. Expenditure includes any VAT which canmt be fully recovered, and i8 dassrfied under headings of the statement of finala1 activities to which it ateS.. expenéiknre on raising funds indudes the costs of all fundraising activities, events, llon- charitable trading activities. and the sale of donated gwds. expendibjre on charitable aclivtti6s indudes all costs Incurred by a charity in undertaking activiliss that further its charitable aims for the benefjt of its beneficiarTres, including those support costs and costs relating to Ihe govemance of the charrty apportioned to charitable activities. other expenditure indudes all expenditur8 that is nether related to raising funls for the charity nor part of its expenditure on charitable aclwities. All costs are all(xated to expenditure categories reflecting the use of the resource. Direct costs attributable lo a single activity are allocated direcuy to that activity- Shared ¢osts are apportioned beeen the activities thoy contribute to on a reasonae. justifiable and consistent basis. Tanglble assets All fixed assets are initially recorded at cost. Investments Unlisted equty Investments are initially recorded at cost. and subsequenuy measured at fair value. If falr valu# cannot b8 reliably Measur1, assets are measured at cost le$s Impaimient.
Page 22 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Notes to the Flnancial Statsments (conNm Year ended 31st December 2023 A¢¢ounting polides {conLlnu8dl Inveslments fcondnusd) Listed inveslrnents are measured at fair value with changes in fair value being rec(yJnised in income or expenditure. Donatlon$ and legacies Unreslrfcted Funds Restrictad Total Funds Funds 2023 DONATIONS Planned Giving Gtft aid Ccllectlons open plat8 all servic8S Sundry donations 53.196 12.854 5.106 12,890 53,196 12,854 5,106 12,890 LEGACIES Legacies 20,000 23,000 GRANTS Grants receivab16 OTHER DONATIONS AND LEGACIES Fund raising 134 134 87,180 20,000 107,180 Unrgstdcted Fund5 Restricted Total Funds Funds 2022 DONAnONS Planned Giving Gtftaid Collections open plate all SerVS Sundry donations 51.621 12,809 7.610 8.070 51,621 12,809 7,610 8,070 LEGACIES Legacies 82.561 146,358 228,919 GRANTS Grants re1vable 5.861 5,861 OTHER DONATIONS AND LEGACIES Fund raising 226 226 168,758 146,358 315.116
Page 23 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Notes to the Financial Statements Year ended 31st December 2023 Fegs and 18ttings Unre5trict8d Total Funds Unrestdcted Total Funds Funds 2023 Funds 2022 Furwal fees Wedding fees Rent No 4 Chur¢h Hall16ttings 31.837 8,767 8,400 7,358 31,837 8,767 8,400 7,358 28,943 7,553 8.165 3,847 28,943 7,553 8,165 2,847 48,508 56,362 56.362 48.508 Investmenl income Unresthcted Funds R8slricted Total Fund$ Funds 2023 Bank interest Dividend incorne 3,970 1,725 3,970 4,974 3.249 5,695 3,249 Unr8stricted Funds RestriGted Total Funds Funds 2022 Bank interest Dividend income 579 1.731 579 2,753 1,022 2,310 1,022 3,332 other income Unrestricted Funds Restrict Endowment Total Funds Funds Funds 2023 Unrealised gains on investments 2.774 10,723 2.651 16,148 Unrestiicted Funds Restricted Endowmenl Total Funds Funds Funds 2022 Unrealised gains on investments {3,934} {4,586) (3,7601 112,2801
Page 24 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Notes to the Flnancial Statements (contlnu8 Year ended 31st December 2023 Expendlturè on charitable actlvities by fund type Unrestricted Fund5 Restricted Totsl Funds Funds 2023 The Church of the Ascension, Wall Heath Sl. Marys, Kingswnford Support costs 43.442 128.277 3,262 174,981 43,442 147,626 3,262 194,330 19,349 19,349 Unrestrcted Fundg Restricted Total Funds Funds 2022 The Church of the AScensn. Wal Heath St. Marys, Kingswinford Support costs 36,747 120,985 3,451 36,747 126,207 3,451 166,405 5,222 161.183 5.222 Expèndlture on charltable activttles by activlty type Acbvitles undwtsken direcuy sUpt Total funds costs 2023 Total fund 2022 The Church of the ASnSIOn, Wall Heath Sl. Marys. KingswÉnFord Governance costs 43,442 147,626 43.442 147.626 3.262 37,947 128.207 251 3,262 191.068 3,262 194,330 166,405 qo. Ngt losses on Investments Endovment Total Funds Endowment Total Funds Funds 2023 Funds 2022 Geinsl{lossos) on other investment ass8ts (138) (138) 11. Independent examinatlon f$ 2023 2022 Fees payable lo the indepenéenl examiner for- Independent examination of the financial statements 3,000 3,200
Page 25 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Notes to the Financial Statements (conunued) Year ended 31st December 2023 12. Staff costs The total staff costs and etnployee benefts for the reporting perlod are analysed as fdlows.. 2023 2022 Wages and salarfes 10.729 1,710 The average head count of employees during the year was 212022.. 1). No employee recelved employee beneffts of more than £60.000 durirwJ th8 year {2022.' Nil). 13. Trnstee remuneration and expenses No remuneration or other benefits from &Moyment th Ihe charity or a rdated entity were re¢elved by the trustees. 14. Tangiblo fixed assets Land and bulldlng$ C08t At 1stJanuary 2023 and 31st Decemb8r2023 Depreclation Al 1st January 2023 and 31st Do¢ember 2023 Carrying amount At 315t Dgcember 2023 90,000 90.000 Al 31 st December 2022 .000 15. Inve8tment$ Other investments Cosf or valuatlon Al 1 sl January 2023 Additions Fair value rllovements 165,220 2.221 16.148 At 31st December 2023 183.589 Impaimient At 1st January 2023 and 31st De¢emb¢r2023 Carrylng amount At 31st December 2023 183,589 155,220 At 31 st December 2022 All investments shown above are held at valUaOn.
Pago 26 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Notes to the Flnancial Statements (continwdl Year ended 31st December 2023 16. Debtors 2023 2022 Prepayments and accrued Income Other debtors 1,585 2,568 3,148 2,490 4,153 5,638 17. Credltots: amounts falllng due wlthin one y 2023 2022 AccTuals and deferr1 Income 7,534 7.172
Pago 27 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Notes to the Financial Statements (rnnthu8d) Year ended 31st December 2023 18. Analys1$ of charltsble funds Unrèstricted funds A11Jan 2023 Gains and At 31 Dec losses 2023 Income Expenditure Transfers General fijnds Yvonne B2yton unrestricted general fund Betty Magson Legacy Fund No 4 Thg Village Refurbishment Fund Incumbents board fund 101,742 143,611 {131,785) 113,568 64.089 {43.196) 20,893 53.678 53,678 4.600 8,400 13,000 3.000 3,000 204,139 224,109 152.011 {174,981) 3.000 At1Jan 2022 Gains an(1 At 31 Dec losses 2022 Income Expenditure TranSfS General funds Yvonne Bayton unrestricted general fund Bety Magson Legacy Fund No 4 The Village Refvrbishmerrt Fund InGumbents board fund 84,568 128.481 {111,307) 101.742 82,561 118,472) 64,089 85.082 {31,404) 53.678 4.600 4,800 169,650 215.642 1161,1831 224,109
Page 28 The Parochial Church Council and Ecclesiastical Parish of Kingswinford. St Mary Notes to the Financial Statements Iconthiu8dJ Year ended 31st December 2023 18. Analysis of charltable funds {tortlinu8rf1 Roslrlcted funds A11Jan 2023 Gains and At 31 Doc losses 2023 Income Expenditure Transfers EdUtIOn Fund Youth and Education Fund Property Fund.. No 4The Village Elisabeth Corfield Gravestone Fund Elisabeth Corfield St Mary's Padded Sealing and Church Building FabnG Fund Churchyard Upkeep Fund Marian Bennett fund for frontals and vestments 34.415 4,262 38,677 20,559 20.559 90,000 90,000 73,179 9,694 82,873 70,059 16 {19.349} (3.CN)O) 47,726 173 173 20.oc 20,000 300,008 288,385 33.972 (19,3491 13,0001 At1Jan 2022 Gains and At 31 Dec losse8 2022 Income Expertditwe Transfers Education Fund Youth and Education Fund Property Fund.. No 4 The Willage EIis8beth Corfield Gravestone Fund Elisabeth Corfield St Mary's Padded Seatsng and Church Building FabC Fund Churchyard Upkeep Fund Marian Bennett fund for frontals and vestrnents 37,979 (3,564) 34.415 20.559 20,559 90.0 90.000 73.179 73.179 73,179 {3,120) 70,059 {2.102} 2,275 173 148,538 142,794 15,2221 2.275 288,385
Page 29 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Notes to the Financlal Statements {conllou¢dJ Yèar ended 31st December 2023 18. Analysls of charitable funds (cofttsTnu Endowment funds A11Jan 2023 Gains and At 31 Dec losses 2023 Ino)me Expenditure Transfers Permanent Endowment Fund 28,182 2,651 30,833 At1Jan 2022 Gains and At 31 Dec 1085es 2022 Income Expenditure Transfers Permanent Endowment Fund 34,355 {3,760} (2.2751 (138) 28.182 The above Permanent Endowment Fund compris&s:_ 2023 2022 CCLA Investment- Kingswlnford Trust Account 30.833 28.182 19. Analysls of net as$¢ts between funds Unrestrirted Funds Restrict&Y Endowment Total Fund$ Funds Funds 2023 Tanglble fixed assets Investments Current assets Creditors less than 1 year Net assats 90,000 120,493 89.515 90,000 183,589 268,925 17,534} 534.980 32.263 179.410 {7:534) 204,139 30,833 31m),C8 30,833 Unrestricted Funds Restricted Endowment Tot21 Funds Funds Funds 2022 Tangible fixed assets Investments Current assets Creditors less than 1 year Net assets 90,0(M) 107,549 .836 00,000 165,220 292,628 17,172) 540,676 29,489 201.792 17.1721 224,109 28,182 288,385 28,182
Page 30 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Management Infomiation Year ended 31 st December 2023 The followlng pages do not form part of tho financlal statem¢nts.
Pagg 31 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Detailed Statement of Flnanclal Activities Year ended 31st December 2023 2023 2022 Incomg endowments Donatlons and18gacies Planned Giving Glfl aid Collects'ons open plate all services Sundry donations Legacles Grants receivable Fund raising 53,196 12,854 5,106 12,890 23,000 51,621 12,809 7,610 8,070 228,919 5,861 226 134 107,180 315,116 Fees and lettlngs Funeral fees Vvedding fees Rent No 4 Church Hall lettings 31,837 8,767 8,400 7.358 28,943 7,553 8,165 7,111 56,362 48,508 Investment income Bank interest Dividend income 3,970 4.974 579 2,753 3,332 other income Unrealised gains on investments 16,148 12,280 Total Income 188.634 354.676
Page 32 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Detalled Statement of Financial Activities ftonNnu¢dJ Year ended 31st December 2023 2023 2D22 Expenditurg Expenditure on charftable activlties Wages and salaries Utilities Gas Utilities Electricity Utili116s- Water utilities- Waste Ulillties Wifi Ullllties- Heating allowance Repairs and maintenan Insurance Sundries Donations Lal and professional fees Churchyard expenses Printing and Stallonery Bank Charges Church Centre expenses Ministy $hare Clergy expenses Caretaker costs Wedding and funeral expenses Church services and altar expenses 10,729 1,534 2,392 388 543 17) 1,710 3,039 2.262 322 512 348 12,5201 60,549 6,792 2,994 1,505 3.320 2,102 4,264 131 3,264 52,605 1,941 1,411 21,413 2,179 65,508 7,371 1,646 3,132 176 3,624 130 4,980 53,6S6 2,775 1,857 22,638 4,564 194,330 166,405 Total expendhuro 194,330 166,405 Net loss on Investments Gainslllosses) on other investrnenl assets 138 Net lexp•ndlturg)llncome (5.696) 188,133
Page 33 The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary Notes to the Detailed Statement of Financial Actlvitles Year ended 31st December 2023 2023 2022 Expandltur8 on charitable actlvltles The Church ofthe Ascension. Wall Heath Actlvltles undertaken dlrectly Salaries Utilllles- Gas utllities- Electrfcty Utilities- Water Ulilitw- Heating allowance Repairs and renewals Insurance Sundries Donations Printing and stalion Ministy Share Clergy expenses Caretaker Gosls Church service5 and altar expenses 5.000 908 90S 2T6 1,995 634 187 11,0081 6,722 1,536 1.208 4,617 1,637 2,754 1.564 21,462 1.123 1,857 393 1,756 21,042 859 1,411 225 43,442 36,747 Support costs Accountancy fees St. Marys, Klngswlnford Actlvltles undertaken directy Salarle5 Ulililies- Gas Ulilitie8- Electricty Utilities- Water Ulilits'e5- Waste Utilits'e5- Wifi Utilities- Healing allowance Repairs aftd ren8wa18 Insurar Sundry expenses Donations Churchyard expenses Printing and stationery Church centre expenses Ministy share Clergy expenses Wedding and funeral 8xp8nses Church servicfjs and allar expen$8S 1,500 1,200 5.729 626 1.487 112 $43 (71 1,710 1,044 1,628 135 512 348 11,512) 53.827 5,256 1,786 1,325 2,102 2,508 3,264 31,563 1,082 21,413 1,g54 60,891 5,734 3,940 700 176 2,060 4,980 32,194 1,652 22,638 4,171 147.626 129.471 Support costs Accountancy fees Govemance costs Legal and other professional fees Governance costs - other finance costs 1,500 2,000 132 130 120 131 262 251
Page 34 The Parochial Church Council and Ecclesiastical Parlsh of Kingswinford, St Mary Notes to the Detailed Statement of Financial Activities Year ended 31 st December 2023 Expenditure on charitable actlvltl6s 194,330 166,405