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|||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||||
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|||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|||
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|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|
##