| Page | ||
|---|---|---|
| Legal and Administrative | information | 1-2 |
| Council Members' Report |
3-8 | |
| Independent examiner's |
report | |
| Statement of Financial | Activities | 10 |
| Balance Sheet | ||
| Notes to the Accounts | 12 - 22 |
| Council | members | (During the year | ended 31 December 2022 and to date) | ended 31 December 2022 and to date) | ended 31 December 2022 and to date) | |
|---|---|---|---|---|---|---|
| Clergy: | Revd Richard Reeve | (Rector) | ||||
| Revd Dave Wills | (Team | Vicar St Paul's) | ||||
| Revd Simon Douglas | (Team | Vicar Holy Cross and Christ the King) | ||||
| Revd Allen Roberts | (Assistant Curate) | |||||
| Parish Wardens: | Andrew Graham |
|||||
| Cyril Randles | ||||||
| Diocesan Synod: | Cyril Randles | |||||
| Deanery | Synod: | |||||
| St. Michael's | Cyril Randles, Barbara Gollings |
and Paul Holt | ||||
| St. Paul's | Bridget Campbell | and | Eddie Baker | |||
| Holy Cross | Pat Brown | |||||
| Christ the King | Jasmine Eldon, |
Iggy | Peters and | David Jacques | ||
| The other members | ofthe PCC elected at the Annual | Parochial | Meeting on 22 May 2022 have been: |
|||
| From St | Michael's: | Phil Deeming | ||||
| Jon Preece | ||||||
| Paula Timmins | ||||||
| Roberta Evans | ||||||
| Tony Cotton | ||||||
| Peter Bevan | ||||||
| Chris Dymond | ||||||
| From Chr/st the King: | Jasmine Eldon |
|||||
| Iggy Peters | ||||||
| David Jacques | ||||||
| From St | Paul's: | Dot Clayton | ||||
| Greta Lowe | ||||||
| Susan Hughes | ||||||
| Marion Burns |
||||||
| Ron McTurk | ||||||
| Eddie Baker | ||||||
| Bridget Campbell | ||||||
| Joan Phillips | ||||||
| From Holy Cross: | Janet Pugh | |||||
| Mike Spragg | ||||||
| Pat Brown | ||||||
| Jo Cadwallader |
| Note | Unrestricted | Restricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|---|
| Funds f |
Funds f |
Funds f |
2022f | 2021f | ||||
| INCOME AND ENDOWMENTS | ||||||||
| Voluntary income |
3 (a) | 157,180 | 2,721 | 159,901 | 152,929 | |||
| Activities from generating |
funds | 3(b) | 7,381 | 7,381 | 5,186 | |||
| Income from Investments | 3 (c) | 73,025 | 4,102 | 77,127 | 64,263 | |||
| Church Activities | 3 (d) | 47,219 | 47,219 | 38,961 | ||||
| TOTAL INCOME | 284,805 | 6,823 | 291,628 | 261,339 | ||||
| EXPENDITURE | ||||||||
| Cost of raising funds | 4 (b) | 362 | 362 | 194 | ||||
| Church activities | 4 (a) | 264,688 | 17,544 | 282,232 | 283,460 | |||
| TOTAL EXPENDITURE | 265,050 | 17,544 | 282,594 | 283,654 | ||||
| NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS |
19,755 | (10,721) | 9,034 | (22,315) | ||||
| NET UNREALISED (LOSS) / | ||||||||
| GAIN ON INVESTMENTS | 9 | (1,429) | (49,269) | (10,843) | (61,541) | 43,790 | ||
| NET INCOME / (EXPENDITURE) |
18,326 | (59,990) | (10,843) | (52,507) | 21,475 | |||
| TRANSFER BETWEEN FUNDS | (15) | 15 | ||||||
| NET MOVEMENT IN FUNDS |
18,311 | (59,975) | (10,843) | (52,507) | 21,475 | |||
| Total funds brought forward |
860,099 | 489,331 | 96,479 | 1,445,909 | 1,424,434 | |||
| Total funds carried forward | 878,410 | 429,356 | 85,636 | 1,393,402 | 1,445,909 |
| Note | Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | 2020 | |||
| 6 | F | ||||||
| INCOME AND ENDOWMENTS | |||||||
| Voluntary income |
3(a) | 152,547 | 382 | 152,929 | 150,190 | ||
| Activities from generating | funds | 3(b) | 5,104 | 82 | 5,186 | 6,701 | |
| Income from Investments | 3(c) | 59,034 | 5,229 | 64,263 | 62,213 | ||
| Church Activities | 3(d) | 38,961 | 38,961 | 21,472 | |||
| TOTAL INCOME | 255,646 | 5,693 | 261,339 | 240,576 | |||
| EXPENDITURE | |||||||
| Cost of raising funds | 4 (b) | 194 | 194 | 312 | |||
| Church activities | 4 (a) | 258,277 | 25,183 | 283,460 | 246,903 | ||
| TOTAL EXPENDITURE | 258,471 | 25,183 | 283,654 | 247,215 | |||
| NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS |
(2,825) | (19,490) | (22,315) | (6,639) | |||
| NET GAINS ON INVESTMENTS | 9 | 2,109 | 24,641 | 18,107 | 44,857 | 4,252 | |
| NET INCOME/EXPENDITURE | |||||||
| (716) | 5,151 | 18,107 | 22,542 | (2,387) | |||
| TRANSFER BETWEEN FUNDS | |||||||
| NET MOVEMENT IN FUNDS |
(716) | 5,151 | 18,107 | 22,542 | (2,387) | ||
| Total funds brought forward |
861,882 | 484,180 | 78,372 | 1,424,434 | 1,426,821 | ||
| Total funds carried forward | 861,166 | 489,331 | 96,479 | 1,446,976 | 1,424,434 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Fixed assets | ||||||||
| Tangible assets | 796,350 | 796,800 | ||||||
| Investments | 434,770 | 496,311 | ||||||
| 1,231,120 | 1,293,111 | |||||||
| Current assets | ||||||||
| Debtors | 10 | 13,357 | 13,330 | |||||
| Cash at bank and in | hand | 206,571 | 202,896 | |||||
| 219,928 | 216,226 | |||||||
| Creditors: amounts | falling | due | ||||||
| within one year | (26,198) | (29,118) | ||||||
| Net current assets | 193,730 | 187,108 | ||||||
| Total assets less current | liabilities | 1,424,850 | 1,480,219 | |||||
| Creditors: amounts | falling | after one year 12 | (31,448) | (34,310) | ||||
| Net Assets | 1,393,402 | 1,445,909 | ||||||
| Funds | ||||||||
| Restricted funds |
13 | 429,356 | 489,331 | |||||
| Endowment funds |
85,636 | 96,479 | ||||||
| Unrestricted Funds |
878,410 | 860,099 | ||||||
| 1,393,402 | 1,445,909 | |||||||
| The accounts were | approved | by the Council Members | on 6April 2023 | |||||
| CJ2~f-Q | ||||||||
| Rev RReeve (Chairman) | AC | Cotton |
| 3 | Incoming Resources |
Unrestricted | Restricted | Endowment | Endowment | Total | Total | |
|---|---|---|---|---|---|---|---|---|
| (continued) | Funds | Funds | Funds | 2022 | 2021 | |||
| 3 | (b) | Activities for generating | ||||||
| funds | ||||||||
| General Fund-raising |
7,381 | 7,381 | 5,186 | |||||
| 7,381 | 7,381 | 5,186 | ||||||
| In 2021, F82 ofthe activities for generating funds |
was attributable | to restricted | income funds | |||||
| 3 | (c) | Income from investments | ||||||
| Parish Centre and Church | ||||||||
| Hall receipts | 54,825 | 54,825 | 32,963 | |||||
| Property Rents |
13,803 | 771 | 14,575 | 21,572 | ||||
| Dividends and interest |
||||||||
| including tax recoverable |
4,396 | 3,331 | 7,727 | 9,727 | ||||
| 73,025 | 4,102 | 77,127 | 64,263 |
| was in respect of | endowment fun |
ds. | ||||
|---|---|---|---|---|---|---|
| 3 | ((I) | Church activities | ||||
| Weddings and Funeral fees |
42,095 | 42,095 | 35,864 | |||
| Church Magazine |
receipts | 385 | 385 | 1,556 | ||
| Youth education | 1,240 | |||||
| Sundry | 4739 | 4,739 | 300 | |||
| 47,219 | 47,219 | 38,961 |
| 4 | RESOURCES EXPENDED | RESOURCES EXPENDED | Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2022 | 2021 | ||||
| 8 | 8 | |||||||
| 4 | (a) | Church activities | ||||||
| Missionary and charitable |
giving | |||||||
| Home and Overseas | 7,483 | 1,000 | 8,483 | 5,617 | ||||
| Education | 2,390 | 2,390 | 1,614 | |||||
| 9,873 | 1,000 | 10,873 | 7,231 | |||||
| Ministry: Diocesan parish | share | 146,602 | 1,500 | 148,102 | 149,753 | |||
| Fees for weddings and funerals |
15,963 | 15,963 | 23,546 | |||||
| Clergy working expenses | 2,160 | 2,160 | 3,333 | |||||
| Clergy housing | 340 | |||||||
| Church workers' wages/fees |
8,614 | 8,614 | 8,018 | |||||
| Organist fees | 8,284 | 8,284 | 4,322 | |||||
| Church maintenance |
19,059 | 13,359 | 32,418 | 26,656 | ||||
| Church insurance |
7,383 | 7,383 | 9,121 | |||||
| Church light and heat |
17,610 | 17,610 | 12,067 | |||||
| Sanctuary expenses |
3,022 | 3,022 | 1,039 | |||||
| Church magazine costs |
50 | 50 | 688 | |||||
| Printing 8 stationery |
5,263 | 5,263 | 4,268 | |||||
| Parish Centre | 7,870 | 7,870 | 6,158 | |||||
| Property costs | 492 | 492 | 14,404 | |||||
| Church cottage expenses | 5,619 | 5,619 | 4,664 | |||||
| Bank charges | 302 | 90 | 392 | 464 | ||||
| Depreciation | 350 | 100 | 450 | 450 | ||||
| Retreat weekends | 613 | 613 | 1,520 | |||||
| Sundry expenses | 5,559 | 1,495 | 7,053 | 5,418 | ||||
| 264,688 | 17,544 | 282,232 | 283,460 |
| 4 | RESOURCES EXPENDED | RESOURCES EXPENDED | RESOURCES EXPENDED | Unrestricted | Restricted | Endowment | Total | Total | |
|---|---|---|---|---|---|---|---|---|---|
| Funds f |
Funds f |
Funds f |
2022 f |
2021 f. |
|||||
| 4 | (b) | Raising | Funds | ||||||
| Stewardship | envelopes | 198 | 194 | 194 | |||||
| General | fund | raising costs | 164 | 164 | |||||
| 362 | 362 | 194 |
| respect of | travelling | and out of pocket exp | enses |
reimbursed. | ||
|---|---|---|---|---|---|---|
| Employees | 2022 | 2021 | ||||
| No. | No. | |||||
| Number of | employees | |||||
| The average | monthly | number ofemployees | during | the year | ||
| was: | ||||||
| Administrator | ||||||
| Employment | costs | |||||
| Wages and | salaries | 8,614 | 8,018 |
| Tangible | fixed assets | As at | Additions | Revaluations | Disposals | As at |
|---|---|---|---|---|---|---|
| 1 January | 31 December | |||||
| 2022 E |
2022f | |||||
| Cost | ||||||
| Freehold | Property | 795,000 | 795,000 | |||
| Equipment | 4,500 | 4,500 | ||||
| Cafe Equipment | 11,333 | 11,333 | ||||
| 810,833 | 810,833 | |||||
| As at | Charge for | Revaluations | Disposal | As at | ||
| 1 January | the year | adjustment | 31 December | |||
| 2022 | 2022 | |||||
| 8 | ||||||
| Depreciation | ||||||
| Freehold | Property | |||||
| Equipment | 2,700 | 450 | 3,150 | |||
| Cafe Equipment | 11,333 | 11,333 | ||||
| 14,033 | 450 | 14,483 | ||||
| Net book | values | |||||
| At 31 December 2022 | ||||||
| At 31 December 2021 | 796,800 |
| Fixed asset investments | Quoted |
|---|---|
| Investments | |
| Market value at 1 January 2022 Net unrealised loss on revaluations |
496,311 (61,541) |
| Market value at 31 December 2022 | 434,770 |
| Historical cost | |
| At 31 December 2022 | 168,900 |
| At 31 December 2021 | 168,900 |
| Underlying | investment | s at fair value comprise: |
||
|---|---|---|---|---|
| Capital at | ||||
| 31 December 2022 | ||||
| (%) | ||||
| UK Equities | 24 | |||
| Overseas | Equities | 50 | ||
| Fixed interest | 14 | |||
| Other | 12 | |||
| 100 | ||||
| All of the investments | are readily realisable. | |||
| Debtors - 2022 | 2022f | 2021 F |
||
| Tax refunds | due | 4,426 | 9,012 | |
| Prepayments | and accrued income | 8,931 | 4,318 | |
| 13,357 | 13,300 | |||
| Debtors - 2021 | 2021f | 2020 | ||
| Tax refunds | due | 9,012 | 11,283 | |
| Debtors for | rent and services | 2,573 | ||
| Prepayments | and accrued income | 4,318 | 3,429 | |
| 13,300 | 17,285 |
| 11 | Creditors: amounts | Creditors: amounts | falling due within one year- | 2022 | 2021 |
|---|---|---|---|---|---|
| 2022 | E | E | |||
| Trade | creditors | 23,334 | 26,254 | ||
| Parish | loan advance | 2,864 | 2,864 | ||
| 26,198 | 29,118 | ||||
| Creditors: amounts | falling due within one year- | 2021 | 2020 | ||
| 2021 | E | E | |||
| Trade | creditors | 26,254 | 20,958 | ||
| Parish | loan advance | 2,864 | 3,058 | ||
| 29,118 | 24,016 | ||||
| 12 | Creditors: amounts | falling due after one year- | 2022 | 2021 | |
| 2022 | E | E | |||
| T C James Loan —St | Michaels | 25,000 | 25,000 | ||
| Parish | loan advance | 6,448 | 9,310 | ||
| 31,448 | 34,310 | ||||
| Creditors: amounts | falling due after one year- | 2021 | 2020 | ||
| 2021 | E | E | |||
| TC James Loan —St | Michaels | 25,000 | 25,000 | ||
| Parish | loan advance | 8,107 | 9,550 | ||
| 33,107 | 34,550 |
| Balance | Incoming | Balance | |||||
|---|---|---|---|---|---|---|---|
| 1 January | Resources | Outgoing | 31 December | ||||
| 2022 | &transfers | Resources | Revaluation | 2022 | |||
| Bells Appeal | 5,582 | (10) | 5,572 | ||||
| Blakeley Green House | 22,916 | (1,991) | 20,924 | ||||
| Earmarked Funds |
6,210 | (1,145) | 5,065 | ||||
| Hardship Fund |
475 | (1) | 474 | ||||
| EM Fox Legacy | 3,813 | (7) | 3,806 | ||||
| Harold Cavers Memorial | 15,545 | (1) | 15,544 | ||||
| Memorial Book |
265 | 30 | 295 | ||||
| Organ Fund | 5,337 | 206 | (1,215) | 4,328 | |||
| Rhona Griffiths Legacy | 10,246 | 3,331 | (12,159) | (1,385) | 33 | ||
| Rhona Griffiths Legacy | 173,186 | (6) | (19,915) | 153,265 | |||
| Rhona Griffiths Residue | 175,293 | 771 | (24,070) | 151,994 | |||
| Swindley Trust |
65,731 | (2) | (3,898) | 61,831 | |||
| Tettenhall In Need |
512 | 1,500 | (1,000) | 1,012 | |||
| Tettenhall War Memorial |
3,930 | (7) | 3,923 | ||||
| Vicars Discretionary | Fund | 291 | 1,000 | 1,291 | |||
| 489,331 | 6,838 | (17,544) | (49,269) | 429,356 | |||
| Restricted funds | -2021 | Balance at | Incoming | Resources | Balance at | ||
| 1 | January | resources | expended | 31 December | |||
| 2021 | 2021 | ||||||
| Rhona Griffiths legacy fund | 5,080 | 1 | 3,216 | 1,865 | |||
| Rhona Griffiths residue | fund | 179,110 | 8,381 | 3,817 | 183,674 | ||
| Rhona Griffiths legacy fund | |||||||
| CBF units | 148,868 | 24,318 | 173,186 | ||||
| Swindley Trust |
64,829 | 902 | 65,731 | ||||
| Organ Fund | |||||||
| 13,487 | 22 | 8,173 | 5,336 | ||||
| Tettenhall Charities |
561 | 50 | 511 | ||||
| Harold Cavers Memorial | 15,536 | 10 | 1 | 15,545 | |||
| Bells Appeal | 5,588 | 6 | 5,582 | ||||
| EM Fox Legacy | 3,818 | 5 | 3,813 | ||||
| Blakeley Green House | 25,197 | 82 | 2,363 | 22,916 | |||
| Tettenhall War Memorial |
14,763 | 10,833 | 3,930 | ||||
| Christ the King Building | fund | 6,346 | 325 | 461 | 6,210 | ||
| Discretionary fund |
767 | 767 | |||||
| Memorials fund |
230 | 35 | 265 | ||||
| 484, 'I 80 | 34,076 | 28,925 | 489,331 |
| 14 | Designated | Designated | Funds | Movement | in | funds | funds | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Outgoing | |||||||||||
| Balance | Resources | Balance | |||||||||
| 1 January | Incoming | and | 31 | December | |||||||
| 2022 | Resources | transfers | Revaluation | 2022 | |||||||
| Building | Fund | 2,335 | (15) | 2,320 | |||||||
| Building | Repairs | 13,600 | 2,600 | 16,200 | |||||||
| Choir | 5,081 | 2 | (596) | 4,487 | |||||||
| Computer And Technology |
|||||||||||
| Equipment | 1,000 | 1,000 | (600) | 1,400 | |||||||
| Maintenance | 22,496 | 22,496 | |||||||||
| Memorial Fund |
550 | 350 | (900) | ||||||||
| Choir 2 | 1,301 | 1 | 1,302 | ||||||||
| Parish | Properties | 6,756 | 2,000 | (3,838) | (360) | 4,558 | |||||
| Sunday | School | 4,036 | (473) | 3,563 | |||||||
| 57 155 | 5953 | ~5353 | ~1429 | 56326 | |||||||
| Designated | Funds - | 2021 | Movement | In funds | |||||||
| Balance at | Incoming | Resources | Balance | at | |||||||
| 1 January | resources | expended | 31 | December | |||||||
| 2021 | 2021 | ||||||||||
| 6 | |||||||||||
| Property | funds- | ||||||||||
| St Michaels | 6,866 | 590 | 700 | 6,756 | |||||||
| Christ the | King | 21,899 | 747 | 150 | 22,496 | ||||||
| St Paul's | 12,200 | 1,400 | 13,600 | ||||||||
| Holy Cross | 2,336 | 2,336 | |||||||||
| Choir fund | 4,333 | 748 | 5,081 | ||||||||
| Sunday School | 3,441 | 594 | 4,036 | ||||||||
| Computer | |||||||||||
| Equipment | 1,000 | 1,000 | |||||||||
| Memorial | Fund | 550 | 550 | ||||||||
| Other | 1,301 | 1,301 | |||||||||
| 52,376 | 5,629 | 850 | 57,155 |
| 15 | Analysis ofnet assets between | Unrestricted | Restricted | Endowment | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| E | E | |||||
| Fund balances at 31 December 2022 | ||||||
| are represented by: |
||||||
| Tangible fixed assets | 776,950 | 19,400 | 796,350 | |||
| Investments | 11,694 | 337,440 | 85,636 | 434,770 | ||
| Current assets | 147,412 | 72,516 | 219,928 | |||
| Creditors | ||||||
| amounts falling due within one year |
(26,198) | (26,198) | ||||
| amounts falling due after one year |
(31,448) | (31,448) | ||||
| 878,410 | 429,356 | 85,636 | 1,393,402 | |||
| 2021 | Analysis of net assets between | funds | ||||
| Unrestricted | Endowment | Restricted | Total | |||
| funds | funds | funds | ||||
| 8 | 6 | 9 | ||||
| Fund balances at 31 December 2021 | ||||||
| are represented by: |
||||||
| Tangible fixed assets | 777,300 | 19,500 | 796,800 | |||
| Investments | 13,123 | 89,443 | 393,745 | 496,311 | ||
| Current assets | 133,104 | 7,036 | 76,086 | 216,226 | ||
| Creditors: | ||||||
| amounts falling due within one year |
(29,118) | (29,118) | ||||
| amounts falling due after one year |
(34,310) | (34,310) | ||||
| 860,099 | 96,479 | 489,331 | 1,445,909 |