The Parish of
+TETTENHALL REGIS
St Michael & All Angels I Christ the King | Holy Cross I St Paul
Charity No. 1134030
PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
CONTENTS
Page
Legal and Administrative information
Council Members, Report
Independent examiner's report
Statement of Financial Activities
10
Balance Sheet
11
Notes to the Accounts
12-22

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
LEGAL AND ADMINISTRATIVE INFORMATION
Counc51 members
(During the year ended 31 December 2023 and to datel
Clergy:
Revd Richard Reeve IReclor}
Revd Dave Wills
(Team Vi¢8r St P8uI's}
Revd Simon Douglas (Team Vi¢8r Holy Cross and Christ the King,
to 3 September 20231
Parlsh Wardens:
Andrew Graham
Cyril Randles
Diocesan Synod:
CYTII Randles
Deanery Synod:
st. Michael's
St. Paul's
Holy Cross
Christ the King
Cyril Randles, Barbara Gollings and Paul Holl
Bridget Campbell and Eddie Baker
Pat Brown
Jasmine Eldon. Iggy Peters and David Jacques
The other members of the PCC elected al the Annual Paro¢hial Meeting on 22 May 2023 have been..
From St Michael's:
Phil Deeming
Jon Preece
Paula Timmins
Roberta Evans
Tony Cotton
Peter Bevan
Chris Dymond
From Chrlst the Klng:
All members are also on Deanery Synod
From St Paul's:
Dot Clayton
Grela Lowe
Susan Hughes
Marion Burns
From Holy Cross:
Janel Pugh
Mike Spragg
Jo Cadwallader

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
LEGAL AND ADMINISTRATIVE INFORMATION
Chaimian
Revd R Reeve
Treasurer
MrA Cotton
Secretary
Mr Keith McQuillen
Charity Number
1134030
Principal address
Church Cottage
Church Road
Tettenhall
Wolverhampton
West Midlands
69AJ
Independent Examlner
Jonathan Hill
St Mary's House,
The Close.
Liehfield
WS13 7LD
Bankers
Lloyds Bank PIC
37 Queen Square
Wolverhampton
Vvesl Midlands
VW1 1TQ
Sanlander UK plc
Brindle Road
Boolle
Merseyside
G1ROAA
Bar¢lays Bank PIC
18 Queen Square
Wolverhampton
Wesl Midlands
VW1 1DS
The Co-operative Bank P
P.0. Box 250
Skelmersdale
WN86
Investrnent managers
CCLA Investment Management Ltd
1 Angel Lane
London
EC4R 3AB
M&G Investments
PO Box 9039
Chelmsford
CM99 2XG

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
COUNCIL MEMBERS, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The council members present their report and accounts for the year ended 31 December 2023.
The legal and administrative infomiab'on sel out on page 1-2 fom￿ part of this report.
The accounts have been prepared in accordance with the accounting policies set out in note 2 to the
accounts and comply with the charity's goveming documents. applicable law and the Statement of
Recommended Practice applicable to charities preparing their accounts in accord2nee with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 20151.
The Health and Safety Policy and ils implemenlalion are regularly monitored by the Parish Health and
Safety Committee. and each Church has representatives.11 is considered that as long as these policies are
followed, the risk lo both members and users of church facilities is minimised as far as Is practicable. The
Health and Safety Committee also has general oversight on all non-financial areas of risk.
There is a Safeguarding Coordinator, and a Safeguarding Officer for ea¢h Church. DBS checks are made
on all those likely to have contact with children and vulnerable adults. Appropriate training in Safeguarding
is provided. It is considered that the risk has been minimised as far as is practicable.
Obje¢tive$ and Actlvhles
The primary object of the PCC, working in conjunction with the DCCS and the Ministry Team. is the
promotion of the Gospel of Our Lord Jesus Christ according lo the doctrines and practices of the Church
of England.
Each Church detemiines ils own Mission and Charitable Giving Policy.
The four churches are committed to working togetherwith one another and share lay and ordained ministy.
The four churches have together provided a year-long Encounter group lo nurture children in their Christian
faith and prepare them for confirrnation. A parish-wide strategy for adult Christian education is in operation.
There is a shared ministy across the parish in relation lo baptisms, weddings and funerals.
In setting our obje¢lives and planning our activities the Council Members have given careful consideration
to the duty in Se¢b'on 17 (51 of the Charib'es Act 2011 to have due regard to the Charity Commission's
general guidance on public benefit.
Risk management
The trustees are responsible for the management of the risks faced by the charity. Risks are identified.
assessed and controls are established throughout the year. A formal review of the risk management
procedure is undertaken on an annual basis. The trustees have assessed the major risks lo which the
¢harity is exposed and are satisfied that systems are in place to miligale exposure lo the major risks. The
major risks which are perceived by the Iruslees and the action being taken to mitigate them is as follows..
Risk
Ageing congregation.
Mitigation
Increase in activities to attract new congTegalion.
More emphasis on youth work.
Full safeguarding policy which is rigorously
applied.
Maintsin reserves as far as possible. Use of
restricted and designated fltnds for maintenance
whenever possible.
Inflationary cost increases and above inflation fuel Attempt to encourage planned giving. Fix costs
cost increases.
wherever possible.
General safeguarding risks.
Unplanned maintenance requirements.

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
COUNCIL MEMBERS, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Achievements and perforrnance
Although attendance at worship saw 8 modest increase in 2023 il has not returned to pre-pandemic levels.
Weddings, continues and we continued to welcome members of the congregation through baptisms and
confirmations.
Funerals at St Michael's.. 27, at Holy Cross.. 7, at Crematoria.. 37, at Graveside 1..
Weddings al St Michael's.. 14. at Christ The kn'n9.' 1.
Baptisms at Sl Michael's.. 19. at Holy Cross.. 3
Confirmations in the Parish.. 5.
The Parish
The four churches of the Parish offer worship and minister to the communities of Tettenhall, Aldersley,
Pendeford and Bilbrook. The Parish is served by a clergy Team (The Team Rector, and two Team Vicars,
one post vacant at 31 December). Some activities are run on a parish wide basis and governance is
overseen by the PCC and Parish Wardens with District Church Councils and District Wardens in each
Church. The online ministry developed during the pandemic, has continued, alternating between churches
and offering worship to those unable to attend in person. The Encounter youth group is run by 8 team
drawn from across the parish. Occasional offices Ib8Ptisms, weddings and funerals) are shared by the
parish team. Activities within halls and speci81 events have risen during the year showing an encouraging
trend. A new Christmas community activity wa$ ¢arol singing in 2 local public houses which was very
successful.
st. Michael's has a ministy in part derived from its position in the community. As well as offering regular
public worship. il is a focus for baptisms, weddings and fvnerals served by the clergy and the laity. In
addition to the services themselves there is significant work in marriage and baptism preparation and
bereavement support. Two memorial services are held annually to which the recently bereaved are invited.
A pastoral team meets regularly to coordinate pastoral care in the parish, including ministry in care homes,
visiting the sick, baptism and bereavement support and support for the local Food Bank The pastoral
committee continued to meet monthly. Care Home services took place 81 Foxland Grange and more
recently in Coton Grange. A regular servits now lakes place in Thorneycrofts Senior Living..
Church members are involved in work as governors and volunteers in three church schools (both primary
and secondary). The church regu18rly hosts worship for Sl Michael's Iprimaryl school and The King's
(secondary) School and Tettenhall College at Christmas we also hosted Newbridge Preparatory School,
Limes Court Nursery and Sl Michael's Pre-school. Contributions were made by the clergy to online worship
and the provision of resources to the schools. On several occasions, the Rector led or took part in worship
al the King's School. Classes from St Michael's School have on a fortnighlly basis joined the regular
Wednesday morning Eucharist al Church. During the course ofthe yearThe King's School joined the Three
Spires Mulli-Academy Trust and was subsequently renamed St Regis Church of England. Academy
The church has a variety of youth, children's and adult gTOUPS and activities. The Encounter Group
continued to meet. A team of Sunday School teachers provide Christian education lo children during the
Sunday morning service. St Michael's has taken an active part in Christian Education and Nurture in the
Parish and Pilgrim. Living Faith and Bible Study groups mel throughout the year.
The Parish Centre in Upper Street, adjacent to Tettenhall village, accommodates Tettenhall Library, and
Sl Michael's pre-school. During the year, Sl Michael's Pre-school began to use the Hopkin's Room for
additional support of children with Special Educational Needs.

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
COUNCIL MEMBERS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
In addition to public worship Christ the Klng offers a ministry of pastoral care through informal visiting
and monthly healing services, as well as opportunities for faith development, through adult study groups
and parb'cipation in Encounter, the parish-wide course for young people. A regular program of social 8nd
fundraising events for all ages provides a welcome lo a wide network of local people and the church
buildings are used every day of the week by community groups, including pre-school playgroup and
nursery, Guides, Brownies and Rainbows, Choir, Yoga. a Coop management group, Slimming World and
a monthly Board Games day. The building is also used as a polling station for both local and nats'onal
elections. The buildings continue to provide valuable facilities for worship and community use in line with
our vision stalemenl.. Celebrating God's love at the heart of our community.
The Church in partnership with people assisting from other churches in the Parish has begun to develop
very popular Stay and Play Initiative on a Monday morning. Every year the church has involved local
shops and houses in an Advent window trail
During the year St Paul's offers public worship every Sunday morning. We hold Social and fund-raising
events for the church family, friends and the wider community of all ages. Christl8n education and nurture
continue to be provided through Sunday School, our monthly Sunday Circle Church on the School field,
Bible Study and Lent groups, and through participation in EnGounter, the Parish Confirmation course and
other Parish groups.
St Paul's also continues to support uniformed organisations such as Rainbows, Brownies and Guides
Packs. The ongoing partnership in mission with St Paul's CofE IVA) Primary School continues by sharing
in acts of worship on Sunday occasions and during school lime, and involvement by members of the church
as School Governors.
We also minister to and conduct services in ate involved with Dovecotes Primary School and Blakeley
Green House which seem to be appreciated by all concerned.
st Paul's chapel, hall and Oasis cafè space were used by a variety of community groups throughout the
year. The Oasis Cafè was open every week-day and Saturday mornings as a community café. The cafe is
operated as a private business under licence from the church and allracls a number of customers. Sl Paul's
receNes income from this in the form of a licence fee.
Additional communication to the congregation and contacts continued through a regular newsletter along
with pastoral care for the congregation. A number of online groups for prayer and bible study also take
place for conversation and fellowship.
The ministry of Holy Cross is cenlred on its position at the heart of the community of Bilbrook. In addition
to offering regular public worship. the church is engaged in the opportunities offered through the pastoral
events of baptisms and funerals. This work is also supported by an active pastoral team, who offer
pastoral visiting, including home communion, bereavement ministry, and biannual memorial services.
The church is active in the schools within the diStll￿, wrfth governors and volunteers engaging in the
life of Lane Green First School and Bilbrook Church of England Middle School. The church regularly
hosts the schools for setvices at key points in the year, as well as for enrichment of the Religious Studies
curriculum. Both schools are now federated as part of South Slaffordshire Learning Partnership, with
Codsall Communty High School. Perton Middle School and St Chad's Church of England First School,
Pattingham, and there is also opportunity for involvement across the partnership. The church also has a
wide variety of groups and activities for Christian education and nurture, and participate in parish wide
groups and aclivilies, including Bible study. nurture and for those prepaTing for confirmats'on. The church
also has a full social and fundraising calendar.
Worshlp Patterns
The regu5ar pattern of Vvorship al St. Mlchael's is..
Sunday
8.00am
Holy Communion
10.302m
Parish Communion
6.30pm
Evening Prayer (Monthly Choral Evensong}
Wednesday
10.302m
Holy Communion
The Eucharist is also celebrated on Principal Feasts and Holy Days

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
COUNCIL MEMBERS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
The regular pattem of Worship at Christ the King is..
Sunday
9.30am
Family Communion
6.30pm13' ontyl Healing Service
9.30am
Holy Communion
Wednesday
The regular pattern of Worship at st. Paul's is..
Sunday
10.30am
Worship Together
2n0 Sunday of the month is an all-age Service of the Word, Eucharist other Sundays.
The regular pattem of Worship at Holy Cro$$ 1$..
Sunday
11.00am
Holy Communion
Thursday
9.30am
Hoty Communion
There is a seryice streamed each Sunday from one of the churches in the parish, using the parish
facebook and YouTube pages.
The Daily offices are also offered on the parish Facebook page-
Moming Prayer, daily al 8.30am
Night Prayer, Monday lo Saturday at 9.30pm.
The trustees support the work of the Church of England to promote the whole mission of the Church
(pastoral, evangelistic, social and ecumenicall within the E¢¢lesiastical Parish of Tettenhall Regis, and so
bring benefit to the public by..
Providing facilities for public worship. pastoral care and spiritual, moral and intellectual
development, both for its members and for anyone who wishes to benefit from what the Church
offers.. and
Promoting Christian values, and service by members of the Church in and to their communities.
to the benefit of individuals and society as a whole.
Financial review
The principal funding source is from voluntary donations and legacies together with rental income and
investment income. Congregation giving is £92,304, a small reduction since 2022, bul as costs in¢rease
the trend is ¢on¢erning. Gross fee income for weddings and funerals fell by £5,155, 10 £36,940 giving a
surplus after fees paid to Diocese of £21.77112022'. £26, 1321 from which local costs are paid. Hall income
again increased. Despite a void period in 19A Upper Street, the diligence of our property committee
ensured an increase in rental income.
The income and expenditure section of the Statement of Financial Activities shows a surplus. This reflects
a small deficit in St Michaels {which pays 61'h of the Common Fund of £147.105} and surpluses in the
other churches. Wherever possible. restricted and designated funds have been ulilised to pay expenses.
which allows the parish to'pay its way with the Common Fund. The revaluation of investments has resulted
in an unrealised gain of £42.95312022 deficit of £61,541). This reflects nothing more than the vagaries of
markets, which al the end of the year showed a greater degree of optimism than in 2022.
The Statement of Financial Activities on page 10 shows gross income for the year of £289,51812022.'
£291,628) and expenditure of £274,257 12022.. £282,594). Reserves stand at £1,451,256 12022
£1.393,4021 in total consisting of £465,260 restricted funds12022'. £429.3561 £93,161 endowment funds,
12022.. £85.6361, £63,492 designated funds12022.' £56.3261 and £829,343 of unrestricted fund 12022:
£822,084).
Of the unrestricted funds. £795.500 (2022.'£796,3501 are held as fixed assets., they are therefore not
available to be used to pay expenses or to repay the loans which are owed.

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
COUNCIL MEMBERS, REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Re$¢rves policy
The trustees have established a policy whereby unrestricted funds not invested in fixed assets, are held at
a level which equates to approximately three months of unrestricted wages and indirect expenditure, tsking
account of potential risks and contingencies that may 8ri5e from time lo time. The policy is reviewed
annually by the Trustees and Management Committee. The present level of reserves required is assessed
at £80,000. The Iruslees will endeavour lo build up free reserves to the ideal level by means of annual
operating surpluses. The Iruslees also aim to maintain resetves of £65.000 at the bank The actual level
of unrestricted cash reserves is approximately £83,828.
Asset cover for funds
Note 14 sets out an analysis of the assets attribu18ble to the various funds. These assets are sufficient to
meet the charity's obligations on a fund by fund b8SiS.
Investment policy
The charity has the power to make any investment which the Council see fit. The Council's investment
policy is that funds held in reserves shall be invested to Provide a good retum with a minimum of risk. Cash
reserves are invested as ￿QUired, who provides a good service and a re8sonable return.
Structure. governance and management
The Parish of T¢tt¢nhall Reg5s has four centers of worship. The Parish Church of Sl Michael and All
Angels in Church Road, Tettenhall, the Church of Christ the King, Pendeford Avenue. Aldersley, the Church
of Sl Paul, Whilburn Close, Pendeford and the Parish Church of Holy Cross, Bilbrook Road, Bilbrook. The
Rector is Revd. Richard Reeve and the Parish Office is in Church Cottage, Church Road, Tettenhall WV6
9AJ
The Parish has a Team Ministry Mandate and a Scheme made under Secb'on 18 of the Church
Representation Rules which sets out the slrueture of Tettenhall Regis PCC.
The Parochial Church Council IPCCI is a corporate body established by the Church of England. The PCC
operates under the Parochial Church Council Powers Measure. The PCC is registered with the Charity
Commission. PCC members act as Iruslees. All of the council members serving during the year are listed
on page 1. New council members li.e. trusleesl are members of the congregation and people with very
strong local background. All a￿ elected at our Annual General Meeting, but occasionally serve on a co-
opted basis beforehand.
All new trustees are provided with the following..
History and background information
A copy of the previous year's accounts and report
A copy of the last PCC minutes
Their role and responsibilities are sel out to all members al the fiTSt meetings of the newly constituted PCC
and DCCS. Training for ChL¢rch wardens is oflered by the Diocese and the outgoing wardens have
responsibility for briefing the new app)inlrnents.
The TC James Trust and the Tettenhall Education Trust (the Kingswood Fund) are established for the
benefit of the Parish, as detailed in the accounts.
While much of the day to day activity is delegated to the four District Church Counci15 IDCCI, the PCC
retains ultimate responsibility, exercised by receiving reports from each DCC at each PCC.
There is a standing committee to meet where necessary, consisting of the Rector and Team Vicars, the
three Treasurers, and the Parish and District Wardens. There is a Parish Stewardship and Finance
Committee which meets regularly lo monitor and advise on the management of Parish finan¢es. Other
committees meet at appropriate times.
The PCC has adopted policies on Health and Safety and Child Protection.

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
COUNCIL MEMBERS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Reference and administrativg infomiation
Details are included on pages 1 and 2.
Future
We will continue lo develop links with the wider community by offering Spa￿ for community activities and
improving that spa￿, we will continue lo encourage participation and leadership from Church members in
suGh aclivilies.
We will continue to support and develop our contribution to education and Christian spiritual development
al all levels-. through schools by providing chaplaincy, governance and voluntary support of Church and
community schools, through children's and youth education in Church Groups le.g. Sunday Schools,
Encounter, Youth Groups and Uniformed Organizationsl and by a program of adult Christian education
and nurture and through ongoing training for those engaged in active ministry Iminislry Team and other lay
leaders). through nurturing vocations lo ordained ministry and continued ministerial training, for ordains
and newly ordained.
We will continue to offer regular public Christian worship to Almighty God in the traditions of the Church of
England. To facililale this our worship will be regularly reviewed and ministers responsible will continue in
a life of prayer and undertake ministerial training within the Parish Ministry Team and as il is available in
the Diocese and wider Church. We will continue lo develop our ministry to the Church and the wider
community through ministry al baptisms. weddings and funerals with the aid of the weddings project and
by pastoral care before and after baptisms and funerals through Collaboration of Lay and Ordained
Ministers.
To facilitate ongoing developments and mission within the parish we encourage those who support the
church lo review their giving regularly. We aim lo communicate effectively about the mission of the parish
and lo be open about ils income and expenditure. We ale seeking ways lo develop a fundraising strategy
which will widen our support base
The Council Members are satisfied with the perfoimance of the Charty's investments. beanng in mind
market Gondilions prevailing.
On behalf of the board of Council members
Rev. R. Reevo (Chalmianj
2024

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
INDEPENDENT EXAMINER'S REPORT
TO THE COUNCIL MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF
TETTENHALL REGIS
I report to the trustees on my examination of the accounts of Parochial Church Council of Tettenhall
Regis for the year ended 31 December 2023, which are set out on pages 10 to 26.
Respectlve responslbllltles of the Trustees and Independent Examinor
The charity's trustees are responsible for the preparation of the a¢¢ounts. The charity's trustees consider that an
audit is not required for this year undei Section 144 of the Charitie5 Act 2011 Ithe Charities Act) that an
independent examination is needed.
It Is my responslbility-.
to examine the accounts under section 145 of the Charities Act.
to follow the procedures laid down in the General Dirèctions given by the Charity Comrnission lunder
section 14515llbl of the Charltles Act. and
to state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination wa5 carried out in accordance with the General Direction5 Éiven by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts
prèsented with those records. It also include5 consideration of any unusual iterns or disc105ures In the accounts.
and seeking explanations from the trustees concerrhin8 any such matters. The procedure5 undertaken do not
provide all the evidence that would be required in an audit, and consequèntly no opinion is given a5 to whether
the accounts present a "trve and falr" view and the report is limited to those matters set out in the statement
below.
Independent Examiner's Statement
In connection with my examination, no material matters have come to my attention whlch gives me cause to
believe that in, any material respect-
accounting records were not kept in accordance with section 130 of the Charities Act or
the accounts do not accord with the accounting records
the accounts do not comply with the applicable requirements concerning the form and content of
account5 set out in the Charities (Accounts and Reports) Regulatlons 2008 other than any requirement
that the accounts give a true and fair view which is not a matter considered as part of an independent
examination.
I have come a¢ross no other matters in connection wilh the examlnatlon to which attention should be drawn in
order to enable a proper understandinÉ of the accounts to be reached.
Date..
2024
Jonathan Hill FCMA CGMA
Lichfield Diocesan Board of Finan¢e
st Mar￿S House, The Close, Lichfield, W513 7LD

PAROCHIAL CHURCH COUNCIL OF TErrENHALL REGIS
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Note
Unrestrirted Restricted
Funds
Funds
Endowment
Funds
Total
2023
Total
2022
INCOME AND ENDOWMENTS
Voluntary income
Activities from generating funds
Income from Investments
Church A¢livities
31al
31bl
3 (GI
3{d)
153,394
5,127
79,785
39.550
2,379
590
9,061
13681
155,773
5,717
88,846
39,181
159,901
7,381
77,127
47,219
TOTAL INCOME
277,856
11.662
289,518
291,628
EXPENDITURE
Cost of raising funds
Church activities
41bl
41al
834
264,333
834
273,423
362
282,232
9,090
TOTAL EXPENDITURE
265,167
9,090
274,257
282,594
NET INCOME
BEFORE INVESTMENT GAINS
NET UNREALISED GAIN I
ILOSSI ON INVESTMENTS
12,689
2,572
15,261
9,034
1,736
33,332
7,525
42,593
161,5411
NET INCOME I
IEXPENDITUREI
TRANSFER BETWEEN FUNDS
14,425
35,904
7,525
57,853
152,5071
NET MOVEMENT IN FUNDS
14.425
35,904
7.525
57,853
152,5071
Total funds brought forward
878.410
429.356
85.636 1,393,402 1,445,909
Total funds carried forward
892,835
465,260
93,161 1,451,256 1,393.402
The unreslricled funds at 31 December 2023 include £63,49212022.' £56.3261, which the Council
Members have designated for Specif￿ purposes.
The notes on pages 13 to 25 form part of these accounts.
10

PAROCHIAL CHURCH COUNCIL OF TEThENHALL REGIS
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
Note
Unrestricted Restricted
Funds
Funds
Endowment
Funds
T¢)tsl
2022
Total
2021
INCOME AND ENDOVWAENTS
Voluntary income
Activities from generating funds
Income from Investments
Churth Activities
31al
31bl
31cl
31dl
157,180
7,381
73,025
47,219
2,721
159.901
7.381
77.127
47,219
152,929
S,186
64,263
38,961
4,102
TOTAL INCOME
284,805
6,823
291,628
261,339
EXPENDITURE
Cost of oising funds
Church activities
41bl
41a)
362
264,688
362
282.232
194
283,460
17,544
TOTAL EXPENDITURE
265,050
17.5M
282.594
283,654
NET INCOMEIIEXPENDITUREI
BEFORE INVESTMENT GAINS
NET UNREALISED (LOSS} I
GAIN ON INVESTMENTS
19.755
{10,7211
9,034
122,3151
11,429)
(49,2691
{10,8431 161,5411
43,790
NET INCOME I
IEXPENDITUREI
TRANSFER BETWEEN FUNDS
18.326
1151
(59,9901
15
{10,8431 152,5071
21.475
NET MOVEMENT IN FUNDS
18.311
(59,9751
110,8431 152.5071
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
The unrestricted funds at 31 December 2022 include £56,326 {2021'. £57,155), which the Council
Members have designated for spe¢ifi¢ purposes.
The notes on pages 13 to 25 form part of these accounts.
11

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Notes
Fixed assets
Tangible assets
Investments
795.500
477,363
796,350
434,770
1,272,863
1,231,120
Current assets
Debtors
Cash at bank and in hand
10
16,438
214,511
13,357
206,571
230.949
219,928
Creditors: amounts talllng due
within one year
11
(23,9751
{26, 198)
Net current assets
206,974
193,730
Total assets less ¢urront liabilities
1,479,837
1,424,850
Credltors: amounts falling after one year 12
128,5821
131,448)
Net Assots
1,451,255
1,393,402
Funds
Restricted funds
Endowment funds
UnrestriGted Funds
13
465,259
93.160
892,836
429,356
85,636
878,410
1,451.255
1.393.402
The accounts were approved by the Counoil Members on
2024
Rev R Reeve (Chairman)
AC Cotton
12

PAROCHIAL CHURCH COUNCIL OF TErrENHALL REGIS
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Funds of the charity
Restricted funds represent al income from trusts or endowments which may be expended
only on those reslricled objects provided in the terms of the trust or bequest, and bl donations
or grants received for a specific object or invited by the PCC for a specific object. The funds
may only be expended on the specific object for which they were given. Any balance
remaining unspent al the end of each year musl be carried foiward as a balance on that fund.
The PCC does not usually invest separately for each ftjnd. Where there is no separate
investment. interest is apportioned to individual funds on an average balan¢e basis.
Restricted fijnds are to be used for specific purposes as laid down by the donor. Expenditu
which meets these criteria is charged to the fund. The charity has the following restricted
funds..
Rhona Griffiths Legacy fund
The fund is to be used for the upkeep of St Michael and All Angels Church.
Rhona Griffiths Residue fund
The fund is lo be used for the upkeep of the properties of St Michael and All Angels Church.
Swlndley Trust
The fund was lo be used to subsidise the costs of the Parish Centre, but in 2006 the trustees
transferred the funds of the trust to the Parochial Church Council, to be used for the same
purpose.
Organ Fund
The fund is to be used for maintenance or renovation of the organ in St Michael and All Angels
Church.
Tettenhall Charities
The fund is lo be used for the relief of povety wrthin the parish of Tettenhall Regis.
Harold Covers Memorlal
The income of the fund is lo be used for making grants towards the development of Christian
vocation and ministry in the parish but the family has r￿¥ indicated that, in future, capital
could be used for purposes of benefit lo the parish.
Bells Appeal
The fund is to be used for the maintenance or restoration of the bells at Sl Michael and All
Angels Church.
EM Fox Legacy
The fvnd 1$ to be used for educational purposes among children and young people in the parish.
Christ the King Building fund
The fund is to be used for the maintenance of the Church at Christ the King.
Blakeley Green House
The funds lo be used lo support the tenants of the home through activities, Christian worship
and pastoral care
Tettenhall War Mgmorial Fund
The fund is lo be used to asslst with the renovation of the memollal at St Michaels Church.
13

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Funds ofthe charity Icontinuedl
Discretionary Fund (Hardship Fund)
The fund is to be used at the dlscrelion of the clergy to support parishioners in need.
Endowment funds are funds, the capital of which must be maintained.. only income arising
from investment of the endowment may be used either as reslricled or unrestricted funds
depending upon the purpose for which the endowment was established. A transfer is made
each year from endowment funds in respect of surplus income for the year.
The Charlty has the followlng endowment funds:
Tettenhall Turner Estate
Tettenhall Regis Tildesley {churchyard and graves maintenance)
Tettenhall Regis 1521 {church repairs or insurance)
Tettenhall Regis Deakin
Tettenhall Regis Forresler
Tettenhall Regis Millinglon (churchyard mainlenancel
Tettenhall Regis Butler
Tettenhall Regis Hodgetts
Tettenhall Regis Kingswood- this fund was established from the sale of Kingswood School.
The trustees have appointed the income to the PCC for use for education work in the parish
Deglgnated funds
Designated funds comprise funds which have been set aside at the discretion of the Council
Members for specific purposes. The purposes and uses of the designated funds are set out
in the notes to the accounts.
Property funds
Funds have been sel aside for the upkeep of St Michael and Al Angels, Christ the King
Churches, St Paul's and Holy Cross.
Choirfund
The fund is to be used for the expense incurred by the Choir of Sl Michael and All Angels.
Sunday School Funds
The funds have been sel aside to help cover the expenses of the each of the Churches.
Ixher
Other funds have ￿en sel aside lo assist in the running costs of frllowship groups
Unrestricted funds
Unrestricted funds are available for use at the discretion of the Council Members in
rtherance of the general objectives of the charity.
14

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
NOTES TO THE ACCOUNTS {CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
Charity infomiation
Parochial Church Council of Tettenhall Regis is a corporate body eslabllshed by the
Church of England.
Accounting convention
The PCC is public benefit entity within the meaning of FRS102. The financial statements
have been prepared under the Charities Act 2011 and In accordance with the Church
Accounting Regulations 2006 governing the individual accounts of PCC'S and with the
Regulations true and fair view. provisions, il is also the first year that they have been
prepared under FRS102120161 as the applicable accounting standard and the 2016 version
of the Ststement of Recommended Practice, Accounting and Reporting by Charities ISORP
IFRS1021}. The dale of transition to FRS102 was 1 January 2015. The reported financial
position and financial performan￿ for the previous period are not affect by the transition to
FRS102.
The accounts have departed from the Charities (Accounts and Reports} Regulations 2008
only lo the extent required to provide a true and fair view. This departure has involved
following the Statement of Recommended Practice forcharilies applying FRS102 rather than
the version of the Statement of Recommended Practice which is referred to in the
Regulations bul which has since been withdrawn.
The accounts are prepared in sterling, which is the fvnctional currency of the charity.
Monetary amounts in these financi81 statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include
investment at fair value. The principal accounting policies adapted are set out below.
Going Coneern
There are no material uncertainties related to events or conditions that cast significant doubt
on the charity's ability to continue as a going concern.
Incomlng resources
Rental income and legacies are recognised as income when receivable.
Fees for weddings and funerals are recognised as income when receivable.
Donations and sponsorship money is taken into account when received.
All grants and voluntary income a￿ recognised as income when receivable, as long as they
are capable of financial measurement.
Investment income is credited lo the a¢counts when received net of management fees in
accordance with the nomal practr.￿ of investment managers.
Resources expended
Expenditure is accounted for as inCur￿d and indudes any VAT which cannot be fully
recovered.
Parish share is accounted for when payable.
Charitable activrties comprise those ¢ost$ incurred by the charity in the delwery of its
activities and services for ils benefiuaries.
Costs of generating funds comprise fundraising costs.
Grant expenditure is accounted for when pald.
15

PAROCHIAL CHURCH COUNCIL OF TErrENHALL REGIS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
2A
Tangible fixed assets and depreciation
Tangible fixed assets are stated al cost less depreciation. Depreciation is provided at rates
calculated lo write off the cost of each asset over its expected useful life. as ftsllows..
Plant and equipment
IndNidual items under
100A p.a. on a slraighl line basis
£100 are not capitalised
No depreciation is charged on the freehold properties sinTr, in the opinion of the Council
Members, the expected useful lives are sufficiently long and the estimated residual values
are sufficiently high that any such depreciation would be immaterial. In view of this, the
Council Members cary out an annual impairment review of these properties.
Consecrated and benefice propety is not included in the accounts under s.10121 lal ofthe
Charities Act 2011.The Property shown in the Financial Statements is deemed as Historical
cost and therefore not revalued.
Leaslng and hlre purchase commitmgnts
Rentals paid under operating leases are Charged against income on a slraighl line basis
over the period of the lease.
Investments
Quoted investments are initially recognised at their transaction value and subsequenuy
measured al their fair value, as al the year-end dale.
Gainsllosses arising on revaluation are charged to the respective fvnds.
Gainsllosses arlsing on disposal are charged lo the funds immediately on disFX)sal.
Incoming Resources
Unrestricted Restricted Endowment
Funds
Funds
Funds
Total
2023
Total
2022
3{al
Voluntary income
Congregation Giving
Tax recoverable
Donations, appeals, etc.
Grants
91,114
18,654
40,305
3,321
1,190
92,304
18,654
41,494
3,321
94,228
17,901
47,572
200
1.189
153,394
2,379
155,773
159,901
In 2022,£206 of Congregation Giving and £2,515 of the donations and appeals was attributable
to restricted income funds.
16

PAROCHIAL CHURCH COUNCIL OF TErrENHALL REGIS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Incoming Resources
Icontinuedl
Unrestricted Restricted Endowment
Funds
Funds
Funds
Total
2023
Total
2022
31bl
Activities for generating
funds
General Fund-raising
5,127
590
5,717
7,381
5,127
590
5,717
7,381
In 2022, £nil of the activities for generating funds was attributable to restricted income fvnds
31c}
Income from investments
Parish Centre and Church
Hall receipts
Property Rents
Dividends and interest
including lax recoverable
58,248
15,039
58,248
15,039
54,825
14,575
6,498
9,061
15.559
7,727
79,78S
9,061
88,846
77,127
In 2022. £4,102 of income from investments was attributab￿ to reslricled income fvnds, and £nil was
in respect of endowment funds.
31d}
Church activities
Weddings and Funeral fees
Church Magazine receipts
Youth education
Sundry
36,940
4LK)
36,940
400
14931
2,335
42,095
385
14931
125
2,210
4,739
39,550
13681
39,181
47,219
In 2022, £nil of the church activities was attributable lo restricted income funds
17

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
RESOURCES EXPENDED
Unrestricted Restricted Endowment
Funds
Funds
Funds
Total
2023
Total
2022
41al
ch￿￿h activities
Missionary and Charitable giving
Home and Overseas
Education
6,396
1,827
1,401
7,797
1,827
8,483
2,390
8,223
1,401
9,624
10,873
Ministy.. Diocesan Common
Fund
Fees for weddings and funerals
Clergy working expenses
Clergy housing
Church workers. wagesttees
Organist fees
Church maintenance
Church insurance
Church light and heat
Sanctuary expenses
Church magazine costs
Printing & stationery
Parish Centre
Property costs
Church cottage expenses
Bank charges
Depreciation
Retreat weekends
Sundry expenses
145,605
15,169
1,500
147,105
15,169
5,504
47
10,195
7,603
15,838
8,021
17,702
4,860
148,102
15,963
2.160
47
10,195
7,603
15,998
8,021
17,702
4,860
8,614
8,284
32,418
7,383
17,610
3,022
50
5,263
7,870
492
5,619
392
450
613
7,053
-160
4,903
8,799
1,421
3,920
2,295
750
593
2,724
4,903
8,799
2,214
8,930
2,303
850
593
3,162
793
5,010
264,333
9,090
273,423
282,232
In 2022, £17,544 of the expenditure on church activities was attributable lo expenditure from restricted
funds.
18

PAROCHIAL CHURCH COUNCIL OF TEThENHALL REGIS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
RESOURCES EXPENDED
Unrestricted Restricted Endowment
Funds
Funds
Funds
Total
2023
Total
2022
4(bl
Raising Funds
Stewardship envelopes
General fund raising costs
293
540
293
540
194
164
834
834
362
In 2022 £Nil was expenditure from restricted fund$.
Councll Members
None of the Council membets lor any persons connected with them} recelved any reMUneral￿n
during the year. Payments tolalling £5,50412022 £2,160) were made to 314) council members in
respect of travelling and out of pocket expenses reimbursed.
Employees
2023
No.
2022
No.
Number of employees
The average monthly number of employees during the year
was..
Administrator
Employment costs
Wages and salaries
10,195
8,614
There were no employees whose annual emoluments were £60.000 or more Wages and
salaries consist purely of Gross salaries., there are no Social Security payments or Pensions. as
in 2022.
Taxatlon
In the opinion of the Council Members, all income of the charity in the year is outside the scope
of income tsx, corporation tax or VAT.
19

PAROCHIAL CHURCH COUNCIL OF TEThENHALL REGIS
NOTES TO THE ACCOUNTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Tanglble flxed assets
As at Additions
1 January
2023
Revaluations
Dispo$al$
Asat
31 December
2023
Cost
Freehold Propety
Equipment
Café Equipment
795,000
4,500
11.333
795,000
4,500
11,333
810,833
810,833
As at Charge for
1 J•nuary
the year
2023
Revaluatlons
Disposal
Asat
adjustment 31 December
2023
Depreclatlon
Freehold Propety
Equipment
Café Equipment
3.150
11.333
850
4,000
11,333
14.483
850
15,333
Net book values
At 31 December 2023
Al 31 December 2022
All fixed assets are used for direct charitable purposes.
See note 2.4 -the propety is shown al a figure the trustees deem to represent historical cost and not
ievalued. An impairment review is undertaken periodically to ensure the assets historical value is
retained.
20

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Fixed asset investments
Quoted
Investments
Market value at 1 January 2023
Nel unrealised gain on revalualKsns
434,770
42,593
Market value at 31 December 2023
477,363
Historical ¢ost'
At 31 DeGember 2023
314,592
At 31 December 2022
314,592
The historical cost values have been estimated since they are not readity available.
Underlying investments at fair value comprise..
Capitsl al
3lDe￿Mber 2023
IoA}
17.51
55.52
10.61
16.36
UK Equities
Overseas Equities
Fixed interest
Other
100.00
All of the investments are readily realisable.
In addition to the above investments, a further £958,073 is held in the Diocesan
trust under the supervision of the Incumbent and Churchwardens and is
invested to generate income for the Parish.
21

PAROCHIAL CHURCH COUNCIL OF TErrENHALL REGIS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
10
Dobtors - 2023
2023
2022
Tax refunds due
Prepayments and accrued income
12,228
4,210
4,426
8,931
16.438
13.357
Debtors - 2022
2022
2021
Tax refunds due
Prepayments and accrued income
,426
8,931
9,012
4,318
13,357
13,300
11
Creditors: amounts falllng due wlthln one year-
2023
2023
2022
Trade creditors
Paiish loan advance
21,111
2,864
23,334
2,864
23,975
26,198
Credltors: amounts falling due wlthin one year-
2022
2022
2021
Trade creditors
Parish loan advance
23,334
26.254
2.864
26,198
29.118
22

PAROCHIAL CHURCH COUNCIL OF TEThENHALL REGIS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
12
Creditors: arnounts falling due after one year-
2023
2023
2022
T C James Loan- St Michaels
Parish loan advan
25.000
3.582
25,000
6,448
28.582
31,448
Creditors. amounts falling due after one year-
2022
2022
2021
T C James Loan- St Mi¢haels
Parish loan advance
25,000
6,448
25,000
9,310
31,448
34,310
The above loans bore interest al 1 Yo above bank base rate and are unsecured.
13
Restrlcted Funds
Pknvement In funds
Balance
1 January
2023
5,572
20,924
5,065
474
3,806
15,544
29S
4,328
33
153,265
151,994
61,831
1,012
3,923
1,291
Incomlng
Resources
& transfers
Balance
31 De¢ember
2023
5,572
18,991
5,291
474
3,313
16,272
295
5,941
12,239
167,502
163,417
60,618
912
3,130
1,291
Outgolng
Resources
Revaluation
Bells Appeal
Blakeley Green House
Earmarked Funds
Hardship Fund
EM Fox Legacy
Harold Cavers Memorial
Memorial Book
Organ Fund
Rhona Griffiths Legacy
Rhona Griffiths Legacy
Rhona Griffilhs Residue
Swindley Trust
Tettenhall In Need
Tettenhall War Memorial
Vicars Discretionary Fund
314
326
12.2471
{1001
1493)
728
1,453
160
12,2C6
14.237
8.101
11.2131
8,333
15,0101
1,000
11,1001
{7931
429.357
11,661
19,0901
33.331
465,259
NOTES TO THE ACCOUNTS (CONTINUED)
23

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
FOR THE YEAR ENDED 31 DECEMBER 2023
Balance
1 January
2022
5,582
22,916
6,210
475
3.813
15.545
265
5.337
10,246
173,186
175.293
65.731
512
3.930
291
Incoming
Resources
& transfers
Balance
31 December
2022
5,572
20,924
5,065
474
3,806
15,544
295
4,328
33
153,265
151,994
61,831
1,012
3,923
1,291
Outgoing
Resources
Restricted funds 2022
Bells Appeal
Blakeley Green House
Earmarked Funds
Hardship Fund
EM Fox Legacy
Harold Cavers Memorial
Memorial Book
Organ Fund
Rhona Griffilhs Legacy
Rhona Griffiths Legacy
Rhona Griffiths Residue
Swndley Trust
Tettenhall In Need
Tettenhall War Memorial
Vicars Discretionary Fund
Revaluation
1101
11,9911
11,1451
{71
30
206
3,331
{1,2151
{12,1591
161
11,3851
119,9151
124,0701
{3,8981
771
121
11,0001
171
1,500
1,000
489,331
6.838
{17,5441
{49,2691
429,356
14
Designated Funds
Movement In funds
Outgolng
Resources
and
transfers
Balan¢e
1 January
Incoming
2023 Resources
2,320
16,200
4.487
Balance
31 December
2023
2.320
19.830
5.200
Revaluation
Building Fund
Building Repairs
Choir
Cornputer And Technology
Equipment
Maintenance
Memorial Fund
Cholr 2
Parish Properties
Sunday School
1,267
2,363
713
1.400
22,496
1.400
26.153
1.302
2.923
4.133
2.320
3,806
{1501
1,302
4,558
3,563
11.6351
232
566
56,326
5,309
(6,6221
1,279
63.492
24

PAROCHIAL CHURCH COUNCIL OF TEThENHALL REGIS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Designated Funds 2022
Movement In funds
Outgoing
Resources
and
transfers
Balance
1 January
Incoming
2022 Resources
2,335
13,600
5,081
Balance
31 Decembor
2022
2,320
16,200
4,487
Revaluation
Building Fund
Building Repairs
Choir
Computer And Technology
Equipment
Maintenance
Memorial Fund
Choir 2
Parish Properties
Sunday School
1151
2.600
15961
1,000
22,496
550
1,301
6,756
4,036
1,000
16001
1,400
22,496
350
19001
1,302
4,558
3,563
2,000
(3.8381
13601
14731
15
Analysls of net assets be￿een
funds
Unrestri¢t¢d
funds
Re$trl¢ted Endowment
funds
Total
Fund balances al 31 December 2023
are represented by..
Tangible fixed assets
Investments
Current assets
Creditors..
amounts falling due within one year
amounts falling due after one year
776.200
13.430
155,762
123.9751
128.5821
19,300
370,772
75,187
795,500
477,363
230,949
123,9751
128,5821
93,161
892,835
465,259
93,161 1,451,255
Analysls of net assets betwgon
funds 2022
Unre$tri¢ted
funds
Restrlcted Endowment
funds
Total
Fund balances at 31 December 2022
are represented by-.
Tangible fixed assets
Investments
Current assets
Creditors..
amounts falling due within one year
amounts falling due after one year
776,950
11,694
147,412
19,400
337,440
72,516
796,350
434,770
219,928
85,636
126.1981
131,4481
126.1981
131,4481
878,410
429,356
85,636 1,393,402
25

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
16
Related Party Transactions
Totsl donations by 24 of the tnjstees in the year amounted to £9,836 {2022'. 24 - £9.642}.
17
Control
The charity is controlled by the members of the Councll.
26