**Charity registration number 1133868** # **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** # **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Revd A Hadley Revd C Smith (Appointed 30 June 2024) Mrs J Nicholls Miss C Knight Mrs D Filgate Mr R Green Mrs J Blakemore Mrs K Whitehouse Mr N Whitehouse Mr G Nicholls Mrs H Moren Mr N Oliver Mrs J Stewart Mrs J Westwood Mrs M Green Mrs S Freeman (Appointed 29 May 2024) **Charity number** 1133868 **Principal address** The Eco Vicarage 15 Penzer Street Kingswinford West Midlands DY6 7AA **Independent examiner** Neal and Co Business Services Limited Shakespeare Buildings 26 Cradley Road Cradley Heath West Midlands B64 6AG ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 13| |Independent examiner's report|14| |Statement of financial activities|15| |Statement of financial position|16| |Notes to the financial statements|17 - 27| ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ The trustees present their annual report and financial statements for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). ## **Objectives and activities** The PCC is committed to enabling as many people as possible to worship at our churches and to become part of our parish community at St Mary's and Church of the Ascension. The DCCs maintain 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 and scripture, music and sacrament. By delegation from the PCC, the two District Church Councils each account to the PCC for their own income and expenditure and are responsible for their own part of the Ministry Share contribution to the Diocese of Worcester. This has been agreed as St Mary's Kingswinford paying 60% of the Ministry Share and Church of the Ascension paying 40% of the Ministry Share. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## **Public benefit** When planning our activities for the year, we have considered the Commission's guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through: - Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus. - Provision of pastoral care for people living in the parish. - Missionary and outreach work. - 1 - **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Safeguarding** The PCC is aware of its duty to have due regard to the House of Bishops' guidance on Safeguarding Children and Vulnerable Adults. The PCC has complied with the duty under Section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to the house of Bishops' guidance on Safeguarding children and vulnerable adults). Since 2020 the PCC has used the "Safeguarding Toolkit" provided by the Diocese as a way of self-assessment to seek to ensure that it fulfils its duty. Safeguarding information is displayed in both churches and in their church halls. All who have regular contact with children and/or vulnerable adults must submit to a DBS check for criminal convictions, where indicated. Everyone in contact with children and/or vulnerable adults has undertaken a diocesan safeguarding training or refresher course, as appropriate. Safer Recruiting has been used throughout the year to fill all voluntary and paid posts and is now working on collating all the information for the whole parish in one place. In 2024 we have also taken on a new module of our parish dashboard which enables us to keep all the information on training and renewal dates safe and easy to see. It is hoped that this will be completed and ready for the new PCC meeting in the summer of 2024. All forms have been redone to give the parish a uniform look, and this year, our hire agreements have all been updated to comply with our safeguarding responsibilities. Safeguarding is a standing item on each PCC and DCC agenda. There is now a single Parish Safeguarding Officer (PSO), Sian Morgan and two Church Safeguarding Officers who work alongside her, Sheila Abrahams and Jean Blakemore. All safeguarding policies are up to date, including additional policies relating to safeguarding, e.g., recruitment of exoffenders. We are promoting and working in accordance with the Church of England Parish Safeguarding Handbook, Safer Environment and Activities, and Code of Safer Working Practice. ## **Employees** St Mary’s continues to employ a Director of Music. During 2024 the parish has employed a Children, Families and Young People’s Minister, an Administrator and an Operations Manager. These are partly funded by a grant from the national Church of England. ## **Aims and purposes** The PCC of Kingswinford St Mary has the responsibility of co-operating with the incumbent, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Each DCC has delegated maintenance responsibilities for their respective churches and centre complexes, which are each part of their church buildings. St Mary's DCC also has maintenance responsibility for 4 The Village, Kingswinford. ## **Achievements and performance** ## **Church Attendance** At the conclusion of 2024 the parish electoral roll was 184 of whom 124 were resident in the parish and 60 were non-resident in the parish. St Mary's Church District Roll: 100 of whom 58 are resident in the Parish and 42 are non-resident. Church of the Ascension District Roll: 84 of whom 66 are resident in the Parish and 18 are non-resident. - 2 - **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Report of the Priest-in-Charge St Mary’s Church Kingswinford** This is the report presented to the ADCM in 2025 but looking back at 2024. One of the main things to reflect on as we look back at 2024 is the Renewal Project across our parish which is being funded by the national church. Many of the things which were just beginning in 2023 have come more to the fore and we have been richly blessed by the posts that have been funded through this national grant, including our Children, Families and Young People Minister, an Administrator and Operations Manager. Whilst the Renewal Project is a once in a generation opportunity the national funding will conclude, and we need to ensure that we are able to continue the work without national funding when the time comes. Therefore, whilst we give thanks to God for this opportunity, it is very important that we do not see this as a reason to reduce or stop our regular giving or our involvement in different aspects of church life. We will still need to pay Ministry Share and all the running costs for church and hopefully grow our giving so that we are able to continue to pay for employed posts in the future. Our current performance around the renewal is good and we have been hitting the targets set for us by the national church but those targets become harder as we move forward and so we need to remain focussed on God, praying for growth and commitment to be disciples and evangelists in the communities we serve and come from. In 2024 we saw long-standing members of our church family depart from this world and meet our Lord face-to-face. I know 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 to our Church by building on what they started and standing on their shoulders to continue building the kingdom of God here in Kingswinford. Here some further highlights: ## **Morning Prayer** Morning prayer continues to be held Monday, Tuesday and Wednesday of each week where a regular small band of pray-ers come together to listen to scripture and pray for the needs of the church and the world. It a wonderful way to start the day and meet gently with God in the quietness of St Mary’s and anyone is welcome to come along and join in with this. - 3 - ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Services and Liturgy** The shape of our services and liturgy on a Sunday continues as it has done over recent years with a mix of Sung Eucharists and Morning Prayer in the mornings and a mix of Evensong, Taizé with Benediction and Memorial Services in the evening. This year I wanted to show our figures for the last few years on major festivals. These are the times during the church year where we are more deeply shaped and formed as disciples and I would encourage you all to engage fully with what is offered: |Ash Wednesday
|2017 = 28|2024 = 51| |---|---|---| |Palm Sunday
|2017 = 71|2024 = 54| |Maundy Thursday|2017 = 32|2024 = 44| |Good Friday|2018 = 25|2024 = 34| |Easter Vigil|2022 = 21|2024 = 34| |Easter Day|2017 = 102|2024 = 118| |Lessons and carols|2017 = 28|2024 = 61| |Crib|2017 = 200|2024 = 212| |Community carols|2017 = 202|2024 = 102| |1st Mass of Christmas
|2017 = 92|2024 = 103| |Christmas Day
|2017 = 66|2024 = 52| In terms of new services we held a community nativity over Christmas and this was hugely popular with 74 people coming to take part in worship. We have also launched a new worshipping community called Soul Food which meets every other week at 8.45am in the hall. It starts with breakfast and then leads into worship. I ask that you hold this in prayer – partly that it will grow and flourish but also that it brings new people into our family of faith. We have also had another parish confirmation service where Bishop John led worship in our parish for the final time before his retirement. The Servers Guild at St Mary’s continue to support me at the altar for the majority of our services and we have recruited new servers and continue to look out for more as well. We also welcomed the Guild of the Servers of the Sanctuary to St Mary’s during the year for one of their regular Guild services. I want to finish this part of my annual report by reminding us all that Mainly Music is now our second biggest service each week. It meets during term time and it has been a joy to see this grow and flourish under Sian’s ministry and leadership. This is a reminder that discipleship is for all ages and should always involve a good amount of bubbles! ## **Music** The musical offering at St Mary’s is a critical part of our mission with the choir supporting the vast majority of services and being available to sing at weddings and funerals when asked for by families. Recruitment continues to be a priority both for adults and children but is a problem faced by so many church choirs around the country. In the coming year we will continue to look at different methods of recruitment. However, it has been a privilege to welcome new voices to our choir during 2024. Our bell ringers continue to ring for services and continue to offer an audible presence of our church far and wide. So many people comment on the bells and how important it is that they are there and being rung and so in the coming years we need to ensure that we recruit new ringers who can continue this important ministry within Kingswinford. - 4 - ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Royal British Legion, ATC and Remembrance Sunday** I continue to be the Chaplain to the Kingswinford Royal British Legion and our Remembrance Day service was attended by so many in the local community as well as a deputy Lord Lieutenant and local councillors. I have also led a D-Day memorial service at the Legion to mark the 80th year of the D-Day landings. I am also Padre to the Kingswinford Air Training Corps whose band came and played for our Christmas Tree Festival as well as asking us to host ATC Sunday for a number of local squadrons. Being padre involves regular ‘padre’s hour’ at one of their meetings and we have done some great work around citizenship and taken part in some interesting debates. I also have the privilege of enrolling new cadets a couple of times each year. This is amazing work in our community and I continue to develop links between St Mary’s and the local ATC. We continue to look for funding to have a map produced for the churchyard showing the locations of all the Commonwealth War Graves. ## **Flower Guild** The flower guild continues to present wonderful floral arrangements throughout the year and especially at key points during the liturgical year. Flowers always add to the welcome received by visitors and regulars to our church, and we are blessed by having them as part of our worship to God. Wedding couples are also now able to order flower arrangements from St Mary’s and this has proven popular with them. ## **Christmas Tree Festival** The Christmas Tree festival was its usual great success both in terms of the number of Christmas trees being provided and the number of people coming to visit. This is a great method of reaching out to the local community and continues to allow us all a chance to make some really excellent links. ## **Mothers Union** The MU continues to thrive in Kingswinford with two groups and are a key part of ensuring the Biblical mandate to help the vulnerable in our world is kept by our church. I know how much the organisations which the MU supports appreciate the help given and demonstrates loving service in the world, a key part of all our discipleship. ## **Churchyard** The dedicated group of churchyard volunteers continue to meet and work week by week, cutting lawns, dismantling ivy, tidying up bushes and generally keeping the churchyard looking great and serene for the many visitors who attend day in and day out. We need to think hard about future recruitment to this merry band of helpers of ‘Bob’s boys’, as I like to call them. ## **Links with St Mary’s Primary School** We are very blessed to have two dedicated school governors from our Church community and I ask that you continue to pray for them and their work. I continue in my ex officio role on the governing body and enjoy being able to lead school assemblies once each half term as well as welcoming children from school to church for tours, lessons and generally exploring and feeling that this is their church home. I also visit reception class once a month to read them a Bible story linked to the ‘value’ they are learning about. We also held our annual ‘Blessing of the bags’ service before the start of the school year. Sian also engages with our church school directly through a full suite of ‘experience’ events, by taking Mainly Music into Reception and supporting year 5 and year 6 in the Walk Through the Bible experience. The experience events are fantastic but do need volunteers and so if you’re interested in joining in with this please speak to Sian. School Christmas and Easter services also take place in church and it was a joy to be able to welcome pupils, their parents and staff into St Mary’s. - 5 - ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Links with other schools** As well as our obvious link with St Mary’s we also link up with Blanford Mere Primary School, Dawley Brook Primary School, the Kingswinford School and the Brier School with Blanford Mere, Dawley Brook and the Kingswinford holding Christmas services in St Mary’s. Open the Book operates across most schools in the parish and is resourced by Church of the Ascension. If anyone is interested in joining this group please speak to me as it is an important part of our ministry to schools. ## **Ministry Team and Worship Pattern** Our worship pattern has remained the same since I arrived which would not be possible without the dedication and hard work of our retired clergy, Children, Families and Young People Minister, Readers and ALMs and my grateful thanks goes out to each one of them as well as being personally blessed by their ministry. Our ministry team continues to flourish and grow in 2024 and we were joined by Fr Chris Smith as an Assistant Curate and we have all been richly blessed by the many gifts he brings to ministry. Helen Moren completed her Worship Leader Authorised Lay Minister (ALM) and it has been wonderful to see her flourish in this new role. ## **Service attendance** The average Tuesday congregation number is 12 people. The average Sunday morning congregation number is 55 people. The average Sunday evensong congregation is 14 people and the average Benediction with Taizé service congregation is 19 people. The average Mainly Music congregation is 35 people. ## **Occasional offices** Across the parish there are a good number of occasional offices. The majority of funerals are direct to the Crematorium, but we continue to offer our church for funeral services for those who want it. In 2024 there were 7 weddings. In 2024 there were 32 baptisms. In 2024 there were 31 church funerals, 27 interment of ashes in the churchyard and 20 burials in the churchyard following a church service. In 2024 there were 5 confirmations. ## **Governance** Our DCC continues to meet regularly and plan for the future. We do, however, need people to think about picking 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. - 6 - ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Finance** In 2024 we paid our full ministry share across the parish with St Mary’s giving £33,803.40. This is an amazing achievement and one we should all be very proud of. However, our planned givers are at their lowest number ever and this is a cause for concern with all of us needing to promote regular giving whenever we can. We have also been in the privileged position of receiving a bequests this year as follows: Marion Jones Legacies are such an important opportunity for parishes, and we give thanks for them. During 2024 we faced the situation of not having a Treasurer and a decision was taken to pay our new accountants, Neal and Co, to put our accounts onto a system called Data Developments. Please now pray that someone comes forward to be our Treasurer moving forward **.** ## **Communication** Communication has continued through our regular news sheet, the Contact Magazine, our website and on social media. This year we have also produced a number of posters for key events. As we look to the future, and after a bit of a set back, we continue to seek planning permission and church permissions for an additional noticeboard outside the church centre. ## **The future** 2024 was full of hope and we saw the fruits of our work begin to grow. 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 it all in prayer. God is in this and that will always be the single most important part of our ministry in our parish. What we offer to our parish has grown and been welcomed by those who come to our menu of different services. We just need to keep on inviting people, sharing the good news and living out our discipleship as fully as we can. In 2025 we will see new toilets installed in our church centre and through grants we are hoping to undertake restoration work to our stained glass windows and hopefully get double glazing put into the church centre and deal with our rendering issues. But above all else let’s pray that our parish and its churches will flourish and grow and that we all deepen our relationship with God. ## **With thanks…..** After nearly four years with you there are more people to thank than a report like this can cope with. So thank you all for all that you give to the Kingdom of God. With my continued love as we help build His kingdom in our part of the vineyard. Fr Adam. - 7 - **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Report of the Priest-in-Charge Church of the Ascension** This is the report presented to the ADCM in 2025 but looking back at 2024. One of the main things to reflect on as we look back at 2024 is the Renewal Project across our parish which is being funded by the national church. Many of the things which were just beginning in 2023 have come more to the fore and we have been richly blessed by the posts have been funded through this national grant, including our Children, Families and Young People Minister, an Administrator and Operations Manager. Whilst the Renewal Project is a once in a generation opportunity the national funding will conclude, and we need to ensure that we are able to continue the work without national funding when the time comes. Therefore, whilst we give thanks to God for this opportunity it is very important that we do not see this as a reason to reduce or stop our regular giving or our involvement in different aspects of church life. We will still need to pay Ministry Share and all the running costs for church and hopefully grow our giving so that we are able to continue to pay for employed posts in the future. Our current performance around the renewal is good and we have been hitting the targets set for us by the national church but those targets become harder as we move forward and so we need to remain focussed on God, praying for growth and commitment to be disciples and evangelists in the communities we serve and come from. In 2024 we saw long-standing members of our church family depart from this world and meet our Lord face-to-face. I know 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 to our Church by building on what they started and standing on their shoulders to continue building the kingdom of God here in Wall Heath. Here some further highlights: ## **Evening Prayer** Evening prayer continues to be held Monday, Tuesday and Wednesday of each week where a regular small band of pray-ers come together to listen to scripture and pray for the needs of the church and the world. It a wonderful way to take stock of the day and meet gently with God in the quietness of Church of the Ascension and anyone is welcome to come along and join in with this. If you’ve not been along before then please drop by one evening as we listen to the hustle and bustle of the traffic outside and hold them all before God. ## **Services and Liturgy** The shape of our services and liturgy on a Sunday continues as it has done over recent years with a mix of Sung Eucharists and Morning Prayer week by week. I wanted this year to show our figures for the last few years on major festivals. These are the times during the church year where we are more deeply shaped and formed as disciples and I would encourage you all to engage fully with what is offered: |Ash Wednesday
|2017 = 31|2024 = 42| |---|---|---| |Palm Sunday
|2017 = 51|2024 = 56| |Maundy Thursday|2018 = 28|2024 = 25| |Good Friday|2018 = 17|2024 = 36| |Easter Vigil|2022 = 21|2024 = 24| |Easter Day|2017 = 50|2024 = 68| |Christingle|2017 = 29|2024 = 37| |Outdoor carols
|2022 = 102|2024 = 155| |Crib|2017 = 65|2024 = 90| |Midnight Mass
|2017 = 31|2024 = 53| We have also launched a new worshipping community called Soul Food which meets every other Tuesday at 5pm. It starts with a meal and then leads into worship. It has been really successful so far and I ask that you hold this in prayer – partly that it will continue to grow and flourish but also that it brings new people into our family of faith. We have also had another parish confirmation service at St Mary’s where Bishop John led worship in our parish for the final time before his retirement. - 8 - **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Music** Church of the Ascension continues to be a place that loves to sing, dance and clap its way through worship and this brings a great sense of joy to everyone who comes. We have learnt some new songs this year and I hope this continues in 2025. ## **Links with Church of the Ascension Primary School** We are very blessed to have three dedicated school governors from our Church community and I ask that you continue to pray for them and their work. Fr Chris now leads a whole school assembly once each half term as well as going into reception once each month to read them a Bible story. A number of classes have also been over to church for a tour. Church Club runs every two weeks approximately 20 children attending each time to hear a Bible story, do a craft activity and pray. It’s so wonderful to see this level of engagement and again, our prayers and thanks need to be with those who lead this. Sian’s ministry here continues and the worship leaders group has grown in confidence and we look forward to many of them completing their Archbishops Award in 2025. Sian also engages with our church school directly through a full suite of ‘experience’ events and by taking Mainly Music into Reception as well as supporting Year 5 and Year 6 in their Walk Through the Bible experience. The experience events are fantastic but do need volunteers and so if you’re interested in joining in with this please speak to Sian. ## **Links with other schools** Open the Book operates from Church of the Ascension across most schools in the parish. If anyone is interested in joining this group please speak to Sheila Freeman as it is an important part of our ministry to schools. Our local schools also give out material informing people of our services at Christmas and Easter. ## **Mothers Union** We are blessed to have a MU group in Wall Heath and its members are a key part of ensuring the Biblical mandate to help the vulnerable in our world is kept by our church. I know how much the organisations which the MU supports appreciate the help given and demonstrates loving service in the world, a key part of all our discipleship. ## **Flowers in church** We continue to have wonderful floral arrangements throughout the year and especially at key points during the liturgical year. Flowers always add to the welcome received by visitors and regulars to our church, and we are blessed by having them as part of our worship to God. ## **Worship Pattern** Our worship pattern has remained the same since I arrived which would not be possible without the dedication and hard work of our retired priests, Readers and ALMs and my grateful thanks goes out to each one of them as well as being personally blessed by their ministry. Our ministry team continues to flourish and grow in 2024 and we were joined by Fr Chris Smith as an Assistant Curate and we have all been richly blessed by the many gifts he brings to ministry. Helen Moren completed her Worship Leader Authorised Lay Minister (ALM) and it has been wonderful to see her flourish in this new role. ## **Fabric** During the year the choir stalls were removed which has given us a new larger space for smaller, more intimate services. We look forward to significant fabric work in the church hall during 2025 with new bathrooms, kitchen and windows. ## **Governance** Our DCC continues to meet regularly and plan for the future. We do, however, need people to think about picking 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. - 9 - ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Finance** In 2024 we paid our full ministry share across the parish with Church of the Ascension giving £22,535.60. This is an amazing achievement and one we should all be very proud of. However, our planned givers are at their lowest number ever and this is a cause for concern with all of us needing to promote regular giving whenever we can. ## **Service attendance** The average Wednesday congregation number is 20 people. The average Sunday 10am congregation number is 40 people. The average Mainly Music number is 30 people. ## **Occasional offices** Across the parish there are a good number of occasional offices. The majority of funerals are direct to the Crematorium, but we continue to offer our church for funeral services for those who want it. At Church of the Ascension: In 2024 there were 6 baptisms. In 2024 there were 3 church funerals. Please think about attending one of our baptism services, seeing what goes on and meeting the families who come to them. They are always uplifting and energising and show how important our church is to families in the local community. ## **Inclusive Church** We continue to be members of the Inclusive Church Network which has opened up some excellent conversations with people about what this means as well as offering us challenges to ensure our inclusivity is as full as it should be. ## **Communication** Communication has continued through our regular news sheet, the Contact Magazine, our website and on social media. We continue to benefit from a great number of colourful posters on the church gates throughout the year advertising what we do! ## **In conclusion** 2024 was full of hope and we saw the fruits of our work begin to grow. 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 it all in prayer. God is in this and that will always be the single most important part of our ministry in our parish. What we offer to our parish has grown and been welcomed by those who come to our menu of different services. We just need to keep on inviting people, sharing the good news and living out our discipleship as fully as we can. ## **With thanks…..** After nearly four years with you there are more people to thank than a report like this can cope with. So thank you all for all that you give to the Kingdom of God. With my continued love as we help build the kingdom in our part of the vineyard. Fr Adam. - 10 - ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Financial review** ## **Reserves Policy – Parish of Kingswinford St Mary** The reserves policy of the parish is based on the following: - three months regular unrestricted expenditure - the ongoing maintenance of No. 4 The Village and the duty to be a responsible landlord - three months salary costs - redundancy costs - maintenance of the building The information contained in the Church of England’s ‘Guide to Parish Reserves’ has been acted upon especially around the definition of reserves normally excluding the following funds: - Permanent endowment - Expendable endowment - Restricted - Designated and - Income funds, which could only be realised by disposing of fixed assets held by the PCC. ## **St Mary’s Church, Kingswinford** ## **No. 4 The Village** In order to be a responsible landlord £20,000 is reserved for any work needed on maintaining the property or if there are no general or designated funds to cover day-to-day expenses. This is invested in a CCLA Deposit Account (No 4 The Village Reserve Account). ## **Three months expenditure** Based on the regular outgoings for 2023 and 2024 and the indication that day-to-day costs will continue to rise during 2025 £15,000 will be invested in a CCLA deposit account (St Mary’s Kingswinford Reserve Account) as a reserve for three month expenditure. ## **Three months salary costs** Currently, the majority of employee funding is paid for by a national Church of England grant and so there is only a need to hold £2,000 in reserves to cover the church responsibility for employee costs. This will need to be reviewed once decisions are made regarding employees once the national funding comes to a conclusion. This will be held in in a CCLA deposit account (St Mary’s Kingswinford Reserve Account). - 11 - ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Redundancy costs** Currently, the majority of employee funding is paid for by a national Church of England grant and so there is only a need to hold £1000 in reserves to cover the church responsibility for redundancy costs. This will be held in a CCLA deposit account (St Mary’s Kingswinford Reserve Account). This will need to be reviewed once decisions are made regarding employees once the national funding comes to a conclusion. ## **Maintenance of the building** St Mary’s is a large, medieval building with significant ongoing maintenance. Based on maintenance costs for 2023 and 2024 £12,000 will be allocated for this purpose. This will represent three months reserves for building maintenance. This will be held in in a CCLA deposit account (St Mary’s Kingswinford Reserve Account). ## **Conclusion – St Mary’s Church, Kingswinford** Give the amounts indicated above £30,000 will be invested as reserves into a CCLA Deposit account (St Mary’s Kingswinford Reserve Account). ## **At Church of the Ascension, Wall Heath:** ## **Three months expenditure** Based on the regular outgoings for 2023 and 2024 and the indication that day-to-day costs will continue to rise during 2025 £9,000 will be kept in a CCLA deposit account as a reserve for three month expenditure. ## **Three months salary costs** Currently, the majority of employee funding is paid for by a national Church of England grant and so there is only a need to hold £1,250 in reserves to cover the church responsibility for employee costs. This will need to be reviewed once decisions are made regarding employees once the national funding comes to a conclusion. ## **Redundancy costs** Currently, the majority of employee funding is paid for by a national Church of England grant and so there is only a need to hold £500 in reserves to cover the church responsibility for employee costs. This will need to be reviewed once decisions are made regarding employees once the national funding comes to a conclusion. ## **Maintenance of the building** Based on maintenance costs for 2023 and 2024 £1250 will be allocated for this purpose. This will represent three months reserves for building maintenance. ## **Conclusion – Church of the Ascension, Wall Heath** Give the amounts indicated above £12,000 will be designated as reserves in the CCLA Deposit Account (General Fund). ## **Reserves policy review** This policy will next be reviewed in April 2026. ## **Structure, governance and management** The Kingswinford Ecclesiastical Parish comprises of two districts, each with their own church council, corresponding to St Mary's Parish Church, Kingswinford and Church of the Ascension, Wall Heath, respectively. The parish is located within the Metropolitan Borough of Dudley. The correspondence address is The Eco Vicarage, 15 Penzer St, Kingswinford, West Midlands DY6 7AA. The Kingswinford Parish is administered by the Parochial Church Council (PCC) which is a registered charity number 1133868. - 12 - ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ The trustees who served during the year and up to the date of signature of the financial statements were: Revd A Hadley Revd C Smith (Appointed 30 June 2024) Mrs J Nicholls Miss C Knight Mrs D Filgate Mr R Green Mrs J Blakemore Mrs S Abrahams (Retired 29 May 2024) Mrs K Whitehouse Mr N Whitehouse Mr G Nicholls Mrs H Moren Mr N Oliver Mrs J Stewart Mrs M Knott (Retired 29 May 2024) Mrs J Westwood Mrs M Green Mr M Penn (Retired 29 May 2024) Mrs S Freeman (Appointed 29 May 2024) The method of appointment of PCC members is set out in the Church Representation Rules and in the CRR 18 Scheme, dated 1st October 2016. In 2024 there were two full stipendiary posts allocated to the parish. All church attendees are encouraged to register on the electoral roll of their respective church and stand for election to a District Church Councils (DCCs) and to the PCC. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The trustees' report was approved by the Board of Trustees. .............................. Revd A Hadley **Trustee** Date: ............................................. - 13 - ## **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** I report to the trustees on my examination of the financial statements of The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary (the charity) for the year ended 31 December 2024. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements 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 no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ## **Robert Chance FCCA** Neal and Co Business Services Limited Shakespeare Buildings 26 Cradley Road Cradley Heath West Midlands B64 6AG Dated: ......................... - 14 - ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**Unrestricted**
**Restricted Endowment**
**funds**
**funds**
**funds**
**2024**
**2024**
**2024**
**Notes**
**£**
**£**
**£**
**Income from:**
Donations and legacies
**2**
84,274
856
-
Other trading activities
**3**
176,723
1,098
-
Investments
**4**
5,028
3,425
856
**Total income and endowments**
266,025
5,379
856
**Expenditure on:**
Charitable expenditure
**5**
263,879
26,419
-
Net gains/(losses) on investments
**8**
1,812
(212)
2,552
**Net incoming/(outgoing) resources before transfers**
3,958
(21,252)
3,408
Gross transfers between funds
856
(80,660)
79,804
**Net movement in funds**
4,814
(101,912)
83,212
Fund balances at 1 January 2024
204,123
300,026
30,833
**Fund balances at 31 December 2024**
208,937
198,114
114,045|**Total Unrestricted**
**Restricted Endowment**
**funds**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
85,130
87,180
20,000
-
177,821
56,362
-
-
9,309
5,695
3,249
-
272,260
149,237
23,249
-
290,298
174,981
19,349
-
4,152
2,774
10,723
2,651
(13,886)
(22,970)
14,623
2,651
-
-
-
-
(13,886)
(22,970)
14,623
2,651
534,982
227,093
285,403
28,182
521,096
204,123
300,026
30,833|**Total**
**2023**
**£**
107,180
56,362
8,944
172,486
194,330
16,148
(5,696)
-
(5,696)
540,678
534,982| |---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 15 - ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **STATEMENT OF FINANCIAL POSITION** ## _**AS AT 31 DECEMBER 2024**_ ||||**2024**|||**2023**|| |---|---|---|---|---|---|---|---| ||**Notes**|**£**||**£**|**£**||**£**| |**Fixed assets**|||||||| |Property, plant and equipment|**9**|||90,000|||90,000| |**Current assets**|||||||| |Trade and other receivables|**10**|5,344|||4,153||| |Investments|**11**|189,824|||183,591||| |Cash at bank and in hand||244,581|||264,772||| |||439,749|||452,516||| |**Current liabilities**|**12**|(8,653)|||(7,534)||| |Net current assets||||431,096|||444,982| |**Total assets less current liabilities**||||521,096|||534,982| |**Capital funds**|||||||| |Endowment funds - general|**13**|||114,045|||30,833| |**Income funds**|||||||| |Restricted funds|**14**|||198,114|||300,026| |Unrestricted funds||||208,937|||204,123| |||||521,096|||534,982| The financial statements were approved by the Trustees on ......................... .............................. Revd A Hadley ## **Trustee** - 16 - **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **1 Accounting policies** ## **Charity information** The Parochial Church Council and Ecclesiastical Parish of Kingswinford, St Mary is a public benefit and a registered charity in England and Wales and is unincorporated. The address of the principle office is The Eco Vicarage, 15 Penzer Street, Kingswinford, West Midlands, DY6 7AA.. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. - 17 - **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **1 Accounting policies** ## **(Continued)** Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. ## **1.6 Property, plant and equipment** Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Freehold land and buildings ## NIL The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **2 Donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
61,235
-
Legacies receivable
1,012
-
Sundry donations
22,027
856
84,274
856|**Total**
Unrestricted
Restricted
funds
funds
**2024**
2023
2023
**£**
£
£
61,235
66,050
-
1,012
3,000
20,000
22,883
18,130
-
85,130
87,180
20,000|Total
2023
£
66,050
23,000
18,130| |---|---|---| |||107,180| - 18 - ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**2**
**Donations and legacies**
**Donations and gifts**
Planned Giving
Gift Aid
**3**
**Other trading activities**|50,125
11,110
61,235|-
-
-|50,125
11,110
61,235|53,196
12,854
66,050|**(Continued)**
-
53,196
-
12,854
-
66,050|**(Continued)**
-
53,196
-
12,854
-
66,050| |---|---|---|---|---|---|---| |||||||66,050| |||||||| |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Funeral and wedding fees
59,290
-
Rent from No.4
8,400
-
Church centre hall hire
9,550
-
Crowdfunding
-
1,098
Other income
99,483
-
Other trading activities
176,723
1,098|**Total**
Unrestricted
funds
**2024**
2023
**£**
£
59,290
40,604
8,400
8,400
9,550
7,358
1,098
-
99,483
-
177,821
56,362|**Total**
Unrestricted
funds
**2024**
2023
**£**
£
59,290
40,604
8,400
8,400
9,550
7,358
1,098
-
99,483
-
177,821
56,362| |---|---|---| |||56,362| - 19 - ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **4 Investments** |**Unrestricted**
**Restricted Endowment**
**funds**
**funds**
**funds**
**general**
**2024**
**2024**
**2024**
**£**
**£**
**£**
Income from listed investments
896
3,425
856
Interest receivable
4,132
-
-
5,028
3,425
856|**Total**
Unrestricted
Restricted
funds
funds
**2024**
2023
2023
**£**
£
£
5,177
1,725
3,249
4,132
3,970
-
9,309
5,695
3,249|Total
2023
£
4,974
3,970| |---|---|---| |||8,944| - 20 - ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **5 Charitable expenditure** |**St Marys**
**Church**
**Church of**
**the**
**Ascension**
**2024**
**2024**
**£**
**£**
Staff costs
52,774
-
Utilities
7,366
3,922
Repairs and renewals
28,890
6,567
Insurance
6,019
1,717
Church centre expenses
17,494
2,137
Donations
569
772
Legal and professional fees
8,136
2,228
Churchyard expenses
4,198
-
Printing and stationery
5,885
904
Fees to diocesan board
10,640
-
Church service and altar
expenses
4,871
1,325
Ministry share
56,339
-
Clergy expenses
2,207
-
Amounts paid to other
church
4,975
28,599
Wedding and funeral
expenses
25,947
-
Mainly music expenses
582
521
Other charitable
expenditure
4,194
520
241,086
49,212
241,086
49,212
**Analysis by fund**
Unrestricted funds
215,607
48,272
Restricted funds
25,479
940
241,086
49,212|**Total**
**2024**
**St Marys**
**Church**
**Church of**
**the**
**Ascension**
**2023**
**2023**
**£**
**£**
**£**
52,774
5,729
5,000
11,288
2,761
2,089
35,457
60,891
4,617
7,736
5,734
1,637
19,631
4,980
-
1,341
700
946
10,364
1,632
1,630
4,198
176
1,857
6,789
2,060
1,564
10,640
-
-
6,196
4,171
393
56,339
32,194
21,462
2,207
1,652
1,123
33,574
-
-
25,947
22,638
-
1,103
-
-
4,714
3,940
2,754
290,298
149,258
45,072
290,298
149,258
45,072
263,879
129,909
45,072
26,419
19,349
-
290,298
149,258
45,072|**Total**
**2023**
**£**
10,729
4,850
65,508
7,371
4,980
1,646
3,262
2,033
3,624
-
4,564
53,656
2,775
-
22,638
-
6,694| |---|---|---| |||194,330| |||194,330| |||174,981
19,349| |||194,330| ## **6 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. - 21 - ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **7 Employees** The average monthly number of employees during the year was: ||**2024**|**2023**| |---|---|---| ||**Number**|**Number**| ||4|2| |**Employment costs**|**2024**|**2023**| ||**£**|**£**| |Wages and salaries|50,844|10,729| |Social security costs|1,930|-| ||52,774|10,729| There were no employees whose annual remuneration was more than £60,000. - 22 - ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ **8 Net gains/(losses) on investments** ||**Unrestricted**|**Restricted **|**Endowment**|**Total**|Unrestricted|Restricted|Endowment|Total| |---|---|---|---|---|---|---|---|---| ||**funds**|**funds**|**funds**||funds|funds|funds|| ||||**general**||||general|| ||**2024**|**2024**|**2024**|**2024**|2023|2023|2023|2023| ||**£**|**£**|**£**|**£**|£|£|£|£| |Revaluation of investments|1,812|(212)|2,552|4,152|2,774|10,723|2,651|16,148| - 23 - ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**9**
**Property, plant and equipment**
**Freehold land and**
**Cost**
At 1 January 2024
At 31 December 2024
**Carrying amount**
At 31 December 2024
At 31 December 2023
**10**
**Trade and other receivables**
**2024**
**Amounts falling due within one year:**
**£**
Trade receivables
(2)
Other receivables
5,346
Prepayments and accrued income
-
5,344
**11**
**Current asset investments**
**2024**
**£**
Investment in CBF Church of England Investment Fund Inc
189,824
**12**
**Current liabilities**
**2024**
**£**
Other payables
436
Accruals and deferred income
8,217
8,653|**buildings**
**£**
90,000| |---|---| ||90,000| ||90,000| ||90,000| ||**2023**
**£**
-
4,109
44| ||4,153| ||**2023**
**£**
183,591| ||**2023**
**£**
-
7,534| ||7,534| - 24 - **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **13 Endowment funds** Endowment funds represent assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund. |**Balance at**
**1 January**
**2024**
**r**
**£**
**Permanent endowments**
Permanent Endowment Fund
30,833
Elisabeth Corfield Gravestone Fund
-
30,833|**Movement in funds**
**Incoming**
**esources**
**Transfers**
**Revaluations**
**gains and**
**losses**
**Balance at**
**31**
**December**
**2024**
**£**
**£**
**£**
**£**
856
(856)
706
31,539
-
80,660
1,845
82,505
856
79,804
2,552
114,045|**Movement in funds**
**Incoming**
**esources**
**Transfers**
**Revaluations**
**gains and**
**losses**
**Balance at**
**31**
**December**
**2024**
**£**
**£**
**£**
**£**
856
(856)
706
31,539
-
80,660
1,845
82,505
856
79,804
2,552
114,045| |---|---|---| |||114,045| ## **14 Restricted funds** The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: |**Balance at**
**1 January**
**2024**
**r**
**£**
Churchyard Upkeep Fund
173
Elisabeth Corfield
Gravestone Fund
82,890
Elisabeth Corfield Padded
Seating and Church Fabric
Fund
47,726
Marian Bennett Frontals
and Vestments Fund
20,000
Property Fund No 4
90,000
Youth and Education Fund
20,559
Church Clock Maintenance
& Repair
-
Education Fund
38,678
Mainly Music
-
300,026|**Movement in funds**
**Incoming**
**esources**
**Resources**
**expended**
**Transfers Revaluations,**
**gains and**
**losses**
**Balance at**
**31**
**December**
**2024**
**£**
**£**
**£**
**£**
**£**
-
-
-
-
173
2,381
(300)
(80,660)
-
4,311
-
-
-
-
47,726
-
(19,463)
-
-
537
-
-
-
-
90,000
-
(5,716)
-
-
14,843
1,854
(940)
-
-
914
1,044
-
-
(212)
39,510
100
-
-
-
100
5,379
(26,419)
(80,660)
(212)
198,114|**Movement in funds**
**Incoming**
**esources**
**Resources**
**expended**
**Transfers Revaluations,**
**gains and**
**losses**
**Balance at**
**31**
**December**
**2024**
**£**
**£**
**£**
**£**
**£**
-
-
-
-
173
2,381
(300)
(80,660)
-
4,311
-
-
-
-
47,726
-
(19,463)
-
-
537
-
-
-
-
90,000
-
(5,716)
-
-
14,843
1,854
(940)
-
-
914
1,044
-
-
(212)
39,510
100
-
-
-
100
5,379
(26,419)
(80,660)
(212)
198,114| |---|---|---| |||198,114| - 25 - ## **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**15**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
Fund balances at 31 December 2024 are
represented by:
Property, plant and equipment
-
90,000
-
Current assets/(liabilities)
208,081
108,114
114,901
208,081
198,114
114,901|**Total**
Unrestricted
funds
Restricted
funds
Endowment
funds
**2024**
2023
2023
2023
**£**
£
£
£
90,000
90,000
-
-
431,096
444,982
-
-
521,096
534,982
-
-|Total
2023
£
90,000
444,982| |---|---|---| |||534,982| - 26 - # **THE PAROCHIAL CHURCH COUNCIL AND ECCLESIASTICAL PARISH OF KINGSWINFORD, ST MARY** # **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **16 Related party transactions** There were no disclosable related party transactions during the year. - 27 - **Document electronically signed** ## www.fusesign.com ## **Document Details** **Document ID** 89010000-80a9-4e14-c162-08ddadb70ade **Document Bundle ID** 65690000-9d4d-e660-3993-08ddadb80b1c **Uploaded to FuseSign** 2025-06-17 17:00 +01:00 **FuseSign subscriber** Neal and Co **Initiator email** leah@nealandco.co.uk **Signed by** The Parochial Church Council St Mary Kingswinford (fr.adam@stmaryskingswinford.org.uk), Neal and Co (Info@nealandco.co.uk) **System finalisation** 2025-06-18 09:07 +01:00 **Verify URL** https://app.fuse.work/fusesign/verify/89010000-80a9-4e14-c162-08ddadb70ade ## **Document Signers** ## **Signer 1** **Name** The Parochial Church Council St Mary Kingswinford **Email** fr.adam@stmaryskingswinford e5a50000-405e-9a20-909a-08ddadb533a3_Signature .org.uk **Mobile** N/A joey **IP Address/es** 82.32.206.208 **Signed on Pages** 16, 19 **Verification Mode** Email Code **Signer 2 Name** Neal and Co **Email** Info@nealandco.co.uk 81130000-05dd-9ee8-c806-08dd97890516_Signature **Mobile** N/A **IP Address/es** 193.37.208.213 Reet (hance **Signed on Pages** 17 **Verification Mode** Email Code ## **DOCUMENT AUDIT LOG** |**DATE TIME**|**USER**|**TRANSACTION**| |---|---|---| |2025-06-17 17:00 +01:00|LEAH@NEALANDCO.CO.UK|DOCUMENT BUNDLE CREATED BY LEAH ANDREWS| |||(LEAH@NEALANDCO.CO.UK)| |2025-06-17 17:00 +01:00|SYSTEM|ACCESS LINK: SENDING EMAIL TO:| |||FR.ADAM@STMARYSKINGSWINFORD.ORG.UK. (1 DOCUMENT - 1 SIGNING| |||ACTION).| |2025-06-17 17:35 +01:00|THE PAROCHIAL CHURCH|EMAIL VERIFICATION REQUESTED TO EMAIL| ||COUNCIL ST MARY|FR.ADAM@STMARYSKINGSWINFORD.ORG.UK| ||KINGSWINFORD|| |2025-06-17 17:37 +01:00|THE PAROCHIAL CHURCH|CODE ENTERED AND VERIFIED| ||COUNCIL ST MARY|| ||KINGSWINFORD|| |2025-06-17 17:37 +01:00|THE PAROCHIAL CHURCH|LINK OPENED FROM IP 82.32.206.208| ||COUNCIL ST MARY|| ||KINGSWINFORD|| |2025-06-17 17:38 +01:00|THE PAROCHIAL CHURCH|DOCUMENT SIGNED: FULL ACCOUNTS 2024 - ON PAGE 19 (SIGNATUREID:| ||COUNCIL ST MARY|65690000-9D4D-E660-7A74-08DDADB80B0D)| ||KINGSWINFORD|| |2025-06-17 17:39 +01:00|THE PAROCHIAL CHURCH|DOCUMENT SIGNED: FULL ACCOUNTS 2024 - ON PAGE 16 (SIGNATUREID:| ||COUNCIL ST MARY|65690000-9D4D-E660-7A3A-08DDADB80B0D)| ||KINGSWINFORD|| |2025-06-17 17:39 +01:00|THE PAROCHIAL CHURCH|FORM FIELDS SUBMITTED FOR DOCUMENT: FULL ACCOUNTS 2024| ||COUNCIL ST MARY|| ||KINGSWINFORD|| |2025-06-17 17:39 +01:00|THE PAROCHIAL CHURCH|DOCUMENT SIGNED: FULL ACCOUNTS 2024| ||COUNCIL ST MARY|| ||KINGSWINFORD|| |2025-06-17 17:39 +01:00|THE PAROCHIAL CHURCH|THE PAROCHIAL CHURCH COUNCIL ST MARY KINGSWINFORD HAS| ||COUNCIL ST MARY|COMPLETED BUNDLE 65690000-9D4D-E660-3993-08DDADB80B1C| ||KINGSWINFORD|| |2025-06-17 17:40 +01:00|SYSTEM|PROGRESSING BUNDLE TO SIGNING GROUP 2| |2025-06-17 17:40 +01:00|SYSTEM|ACCESS LINK: SENDING EMAIL TO: INFO@NEALANDCO.CO.UK. (1 DOCUMENT| |||- 1 SIGNING ACTION).| |2025-06-18 09:04 +01:00|NEAL AND CO|EMAIL VERIFICATION REQUESTED TO EMAIL INFO@NEALANDCO.CO.UK| |2025-06-18 09:05 +01:00|NEAL AND CO|CODE ENTERED AND VERIFIED| |2025-06-18 09:05 +01:00|NEAL AND CO|LINK OPENED FROM IP 193.37.208.213| |2025-06-18 09:07 +01:00|NEAL AND CO|DOCUMENT SIGNED: FULL ACCOUNTS 2024 - ON PAGE 17 (SIGNATUREID:| |||65690000-9D4D-E660-7A90-08DDADB80B0D)| |2025-06-18 09:07 +01:00|NEAL AND CO|FORM FIELDS SUBMITTED FOR DOCUMENT: FULL ACCOUNTS 2024| |2025-06-18 09:07 +01:00|NEAL AND CO|DOCUMENT SIGNED: FULL ACCOUNTS 2024| |2025-06-18 09:07 +01:00|NEAL AND CO|NEAL AND CO HAS COMPLETED BUNDLE 65690000-9D4D-E660-3993-| |||08DDADB80B1C| |2025-06-18 09:07 +01:00|SYSTEM|FINALISING DOCUMENT(89010000-80A9-4E14-C162-08DDADB70ADE)| ## **More Information** For more information on electronic signatures and to validate this document was signed by the parties listed above, please visit www.fusesign.com