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← The Parochial Church Council Of The Ecclesiastical Parish Of Tettenhall Regis

2024-12-31-accounts

Charity No. 1134030

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

CONTENTS

Page
Legal and Administrative information 1-2
Council Members’ Report 3 - 8
Independent examiner’s report 9
Statement of Financial Activities
10
Balance Sheet 12
Notes to the Accounts 12 - 26

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

LEGAL AND ADMINISTRATIVE INFORMATION

Council members (During the year ended 31 December 2024 and to date)

Clergy: Revd Richard Reeve (Rector) Revd Dave Wills (Team Vicar St Paul’s) Revd Allen Roberts Associate Priest Revd Mark Cadwallader (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 Jo Cadwallader Christ the King Jasmine Eldon, Iggy Peters and David Jacques

The other members of the PCC elected at the Annual Parochial Meeting on 21 April 2024 have been:

From St Michael’s: Phil Deeming Jon Preece Paula Timmins Roberta Evans Tony Cotton (resigned 21 October 2024) Chris Dymond

From Christ the King: All members are also on Deanery Synod

From St Paul’s: Dot Clayton Greta Lowe Susan Hughes Marion Burns From Holy Cross: Sue Proctor Mike Spragg Jo Cadwallader

1

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

LEGAL AND ADMINISTRATIVE INFORMATION

Chairman Revd R Reeve Treasurer Mr A Cotton Secretary Mr Keith McQuillen Charity Number 1134030 Principal address Church Cottage Church Road Tettenhall Wolverhampton West Midlands WV6 9AJ Independent Examiner R Ratcliffe ACA Dalton Pardoe Limited 794, High Street Kingswinford West Midlands DY6 8BQ Bankers Lloyds Bank Plc 37 Queen Square Wolverhampton West Midlands WV1 1TQ Santander UK plc Brindle Road Bootle Merseyside G1R 0AA Barclays Bank Plc 18 Queen Square Wolverhampton West Midlands WV1 1DS The Co-Operative Bank Plc P.O. Box 250 Skelmersdale WN8 6WT Dudley Building Society 6 Anders Square Perton Wolverhampton WV6 7QH Investment managers CCLA Investment Management Ltd 1 Angel Lane London EC4R 3AB M&G Investments PO Box 9039 Chelmsford CM99 2XG

2

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

COUNCIL MEMBERS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

________________ The council members present their report and accounts for the year ended 31 December 2024.

The legal and administrative information set out on page 1 -2 forms 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 governing documents, applicable law and the 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 (FRS102) (effective 1 January 2015).

The Health and Safety Policy and its implementation are regularly monitored by the Church Wardens and PCC and each Church has representatives. It is considered that as long as these policies are followed, the risk to 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 each 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.

Objectives and Activities

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 to the doctrines and practices of the Church of England.

Each Church determines its own Mission and Charitable Giving Policy.

The four churches are committed to working together with one another and share lay and ordained ministry.

The four churches have together provided a year-long Encounter group to nurture children in their Christian faith and prepare them for confirmation. A parish-wide strategy for adult Christian education is in operation.

There is a shared ministry across the parish in relation to baptisms, weddings and funerals.

In setting our objectives and planning our activities the Council Members have given careful consideration to the duty in Section 17 (5) of the Charities 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 to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. The major risks which are perceived by the trustees and the action being taken to mitigate them is as follows:

Risk Mitigation Ageing congregation. Increase in activities to attract new congregation. More emphasis on youth work. General safeguarding risks. Full safeguarding policy which is rigorously applied. Unplanned maintenance requirements. Maintain reserves as far as possible. Use of restricted and designated funds for maintenance whenever possible. Inflationary cost increases and above inflation fuel Attempt to encourage planned giving. Fix costs cost increases. wherever possible. Loss of rental income Close liaison with tenants Loss of wedding and funeral income Promotion through community involvement

3

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

COUNCIL MEMBERS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance

Although attendance at worship saw a modest increase in 2024 it 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:29, at Holy Cross:6, at Crematoria:27.

Weddings at St Michael’s:4, at Christ The King.

Baptisms at St Michael’s:16.

Confirmations in the Parish:.3

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 a team drawn from across the parish. Occasional offices (baptisms, weddings and funerals) are shared by the parish team. Activities within halls and special events have risen during the year showing an encouraging trend. A new Christmas community activity begun in 2023 and repeated in 2024 was carol singing in 2 local public houses which was very successful.

St. Michael’s has a ministry in part derived from its position in the community. As well as offering regular public worship, it is a focus for baptisms, weddings and funerals 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 at Foxland Grange and more recently in Coton Grange. A regular service now takes 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 regularly hosts worship for St Michael’s (primary) school and St Regis (secondary) School and Tettenhall College we also hosted Newbridge Preparatory School, Limes Court Nursery and St 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 at the St Regis School. Classes from St Michael’s School have on a fortnightly basis joined the regular Wednesday morning Eucharist at Church. .

During the year major projects were undertaken to renovate the organ, coinciding with its removal to facilitate repairs to the organ chamber, and the replacement of the boiler to provide heating to the church. The church has a variety of youth, children’s and adult groups and activities. The Encounter Group continued to meet. A team of Sunday School teachers provide Christian education to 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 met throughout the year.

The Parish Centre in Upper Street, adjacent to Tettenhall village, accommodates Tettenhall Library, and St Michael’s pre-School.

4

COUNCIL MEMBERS’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

In addition to public worship Christ the King 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 participation in Encounter, the parish-wide course for young people. A regular program of social and fundraising events for all ages provides a welcome to 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 national elections. The buildings continue to provide valuable facilities for worship and community use in line with our vision statement: “Celebrating God’s love at the heart of our community”

The Church in partnership with people assisting from other churches in the Parish has developed a very popular Stay and Play Initiative on a Monday morning. At Christmas, Christ the King’s, Nativity Service, took place at Stay and Play. 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. Christian 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 Encounter, 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 (VA) Primary School continues by sharing in acts of worship on Sunday occasions and during school time, and involvement by members of the church as School Governors.

We also minister to and conduct services in are involved with Dovecotes Primary School and Blakeley Green House which seem to be appreciated by all concerned.

St Paul's chapel, hall and Oasis café space were used by a variety of community groups throughout the year. The Oasis Café 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 attracts a number of customers. St Paul’s receives 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 centred 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 two schools within the district, with 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 services 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 Staffordshire Learning Partnership, with Codsall Community 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 activities, including Bible study, nurture and for those preparing for confirmation. The church also has a full social and fundraising calendar.

Worship Patterns

The regular pattern of Worship at St. Michael’s is: Sunday 8.00am Holy Communion 10.30am Parish Communion 6.30pm Evening Prayer (Monthly Choral Evensong) Wednesday 10.30am Holy Communion The Eucharist is also celebrated on Principal Feasts and Holy Days

5

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

COUNCIL MEMBERS’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

The regular pattern of Worship at Christ the King is: Sunday 9.30am Family Communion 6.30pm [3[rd] only] Healing Service Wednesday 9.30am Holy Communion

The regular pattern of Worship at St. Paul’s is:

Sunday 10.30am Worship Together 2[nd] Sunday of the month is an all-age Service of the Word, Eucharist other Sundays. The regular pattern of Worship at Holy Cross is: Sunday 11.00am Holy Communion Thursday 9.30am Holy Communion

There is a service 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: Morning Prayer, daily at 8.30am Night Prayer, Monday to 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 ecumenical) within the Ecclesiastical Parish of Tettenhall Regis, and so bring benefit to the public by: -

Financial review

The principal funding source is from voluntary donations and legacies together with rental income and investment income. Congregation giving is £92,099, virtually unchanged since 2023, but as costs increase the trend is concerning. Gross fee income for weddings and funerals fell dramatically by £12,172, to £26,768 giving a surplus after fees paid of £14,569 (2023: £21,771). Hall income again increased

The income and expenditure section of the Statement of Financial Activities shows a general funds breakeven, but this reflects a significant deficit in St Michaels, surpluses in 2 churches and break-even in the fourth. Wherever possible, restricted and designated funds have been utilised to pay expenses, which allows the parish to “pay its way” with the Common Fund. In particular the organ rebuild not covered by insurance and new heating boiler have been paid from the Rhona Griffiths fund. The final accounts due to the contractors are accrued at the year end. The revaluation of investments has resulted in an unrealised gain of £11,372 (2023 gain of £42,953).

The Statement of Financial Activities on page 10 shows gross income for the year of £337,624 (2023: £289,518), an increase caused mainly by £31,950 insurance proceeds. Expenditure was £406,760 (2023: £274,257). The increase is mainly due to the organ rebuild and boiler replacement. Since these are replacements they have not been capitalised as fixed assets.

Reserves stand at £1,393,472 (2023 £1,451,256) in total consisting of £406,697 restricted funds (2023: £465,260) , £95,064 endowment funds, (2023: £93,161), £70,008 designated funds (2023: £68,509) and £821,703 of unrestricted fund (2023: £824,326).

Of the unrestricted funds, £795,250 (2023:£795,500) are held as fixed assets; they are therefore not available to be used to pay expenses or to repay the loans which are owed.

6

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

COUNCIL MEMBERS’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Reserves 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, taking account of potential risks and contingencies that may arise from time to time. The policy is reviewed annually by the Trustees and Management Committee. The present level of reserves required is assessed at £80,000. The trustees will endeavour to build up free reserves to the ideal level by means of annual operating surpluses. The trustees also aim to maintain reserves of £65,000 at the bank. The actual level of unrestricted cash reserves is approximately £78,910. .

Asset cover for funds

Note 14 sets out an analysis of the assets attributable to the various funds. These assets are sufficient to meet the charity’s obligations on a fund by fund basis.

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 return with a minimum of risk. Cash reserves are invested as required, who provides a good service and a reasonable return.

Structure, governance and management

The Parish of Tettenhall Regis has four centres of worship. The Parish Church of St Michael and All Angels in Church Road, Tettenhall, the Church of Christ the King, Pendeford Avenue, Aldersley, the Church of St Paul, Whitburn 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 Section 18 of the Church Representation Rules which sets out the structure of Tettenhall Regis PCC.

The Parochial Church Council (PCC) 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 trustees. All of the council members serving during the year are listed on page 1. New council members (i.e. trustees) are members of the congregation and people with very strong local background. All are elected at our Annual General Meeting, but occasionally serve on a coopted basis beforehand.

All new trustees are provided with the following:

Their role and responsibilities are set out to all members at the first meetings of the newly constituted PCC and DCCs. Training for Church wardens is offered by the Diocese and the outgoing wardens have responsibility for briefing the new appointments.

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 Councils (DCC), 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 to monitor and advise on the management of Parish finances. Other committees meet at appropriate times.

The PCC has adopted policies on Health and Safety and Child Protection.

7

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS COUNCIL MEMBERS’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Reference and administrative information

Details are included on pages 1 and 2.

Future

We will continue to develop links with the wider community by offering space for community activities and improving that space, we will continue to encourage participation and leadership from Church members in such activities.

We will continue to support and develop our contribution to education and Christian spiritual development at 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 (e.g. Sunday Schools, Encounter, Youth Groups and Uniformed Organizations) and by a program of adult Christian education and nurture and through ongoing training for those engaged in active ministry (Ministry Team and other lay leaders), through nurturing vocations to 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 facilitate 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 it is available in the Diocese and wider Church. We will continue to develop our ministry to the Church and the wider community through ministry at 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 to review their giving regularly. We aim to communicate effectively about the mission of the parish and to be open about its income and expenditure. We are seeking ways to develop a fundraising strategy which will widen our support base

The Council Members are satisfied with the performance of the Charity’s investments, bearing in mind market conditions prevailing.

On behalf of the board of Council members

…………………………………………………………….. Rev. R. Reeve (Chairman)

18 August 2025

8

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 2024, which are set out on pages 10 to 26.

Respective responsibilities of the Trustees and Independent Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) that an independent examination is needed.

It is my responsibility:

Basis of Independent Examiner's Statement

My examination was carried out in accordance with the General Directions given by the Charity Commission.

An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair" 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 which gives me cause to believe that in, any material respect:

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

R Ratcliffe ACA Dalton Pardoe Limited

Date: 18 August 2025

9

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Unrestricted
Funds
£
Restricted
Funds
£
Endowment
Funds
£
INCOME AND ENDOWMENTS
Voluntary income
3 (a)
159,079
9,752
-
Activities from generating funds
3 (b)
3,722
207
-
Income from Investments
3 (c)
88,112
16,276
-
Church Activities
3 (d)
29,533
30,943
-
_
________
________
TOTAL INCOME
280,446
57,178
-
_
_
_
EXPENDITURE
Cost of raising funds
4 (b)
553
-
-
Church activities
4 (a)
281,700
124,527
-
_
_
_
TOTAL EXPENDITURE
282,253
124,527
-
_
_
_
NET INCOME
BEFORE INVESTMENT GAINS
(1,807)
(67,349)
-
NET UNREALISED GAIN ON
INVESTMENTS
9
683
8,786
1,903
_
_
_
NET INCOME /
(EXPENDITURE)
(1,124)
(58,563)
1,903
TRANSFER BETWEEN FUNDS
-
-
-
_
_
__
NET MOVEMENT IN FUNDS
(1,124)
(58,563)
1,903
Total funds brought forward
892,835
465,260
93,161
_
_
__
Total funds carried forward
891,711
406,697
95,064
_

_
_		 Total
2024
£
168,831
3,929
104,388
60,476
_
337,624
_
553
406,227
_
406,780
_
(69,156)
11,372
_
(57,784)
_
(57,784)
1,451,256
_
1,393,472
_		 Total
2023
£
155,773
5,717
88,846
39,181
_
289,518
_
834
273,423
_
274,257
_
15,261
42,593
_
57,853
_
57,853
1,393,402
__
1,451,256
__

The unrestricted funds at 31 December 2024 include £70,008 (2023: £68,509), which the Council Members have designated for specific purposes.

The notes on pages 13 to 25 form part of these accounts.

10

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Note
Unrestricted
Funds
£
Restricted
Funds
£
Endowment
Funds
£
INCOME AND ENDOWMENTS
Voluntary income
3 (a)
153,394
2,379
-
Activities from generating funds
3 (b)
5,127
590
-
Income from Investments
3 (c)
79,785
9,061
-
Church Activities
3 (d)
39,550
(368)
-
_
_
_
TOTAL INCOME
277,856
11,662
-
_
_
_
EXPENDITURE
Cost of raising funds
4 (b)
834
-
-
Church activities
4 (a)
264,333
9,090
-
_
_
_
TOTAL EXPENDITURE
265,167
9,090
-
_
_
_
NET INCOME
BEFORE INVESTMENT GAINS
12,689
2,572
-
NET UNREALISED GAIN /
(LOSS) ON INVESTMENTS
1,736
33,332
7,525
_
_
_
NET INCOME /
(EXPENDITURE)
14,425
35,904
7,525
TRANSFER BETWEEN FUNDS
-
-
-
_
_
_
NET MOVEMENT IN FUNDS
14,425
35,904
7,525
Total funds brought forward
878,410
429,356
85,636
_
_
__
Total funds carried forward
892,835
465,260
93,161


 Total
2023
£
155,773
5,717
88,846
39,182
_
289,518
_
834
273,423
_
274,257
_
15,261
42,593
_
57,853
_
57,853
1,393,402
__
1,451,256
 Total
2022
£
159,901
7,381
77,127
47,219
_
291,628
_
362
282,232
_
282,594
_
9,034
(61,541)
_
(52,507)
-
_
(52,507)
1,445,909
__
1,393,402

The unrestricted funds at 31 December 2023 include £68,509 (2022: £56,326), which the Council Members have designated for specific 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 2024

2024 2024 2023 2023
Notes £ £ £ £ £ £
Fixed assets
Tangible assets 8 795,250 795,500
Investments 9 450,235 477,363
__ __

1,245,485		 1,272,863
Current assets
Debtors 10 27,061 27,061 16,438 16,438
Cash at bank and in hand 219,748 219,748 214,511 214,511
__ __ __ __
246,809 246,809 230,949 230,949
Creditors: amounts falling due
within one year 11 (73,105 ) (73,105 ) (23,975 ) (23,975 )
__ __ __ __
Net current assets 173,704 206,974
__ __
Total assets less current liabilities 1,419,189 1,479,837
Creditors: amounts falling after one year 12 Creditors: amounts falling after one year 12 (25,717 ) (28,581 )
__ __
Net Assets 1,393,472 1,451,255
__ __
Funds
Restricted funds 13 406,697 465,260
Endowment funds 95,064 93,160
Unrestricted Funds 891,711 892,836
__ __
1,393,472 1,451,256
__ __

The accounts were approved by the Council Members on 18 August 2025

…………………………………….. Rev R Reeve (Chairman)

12

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Funds of the charity

Restricted funds represent a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and b) 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 at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure 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 to be used for the upkeep of the properties of St Michael and All Angels Church.

Swindley Trust

The fund was to 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 to be used for the relief of poverty within the parish of Tettenhall Regis.

Harold Cavers Memorial

The income of the fund is to be used for making grants towards the development of Christian vocation and ministry in the parish but the family has now indicated that, in future, capital could be used for purposes of benefit to the parish.

Bells Appeal

The fund is to be used for the maintenance or restoration of the bells at St Michael and All Angels Church.

EM Fox Legacy

The fund is 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 to be used to support the tenants of the home through activities, Christian worship and pastoral care

Tettenhall War Memorial Fund

The fund is to be used to assist with the renovation of the memorial at St Michaels Church.

13

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Funds of the charity (continued)

Discretionary Fund (Hardship Fund)

The fund is to be used at the discretion 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 restricted 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 Charity has the following endowment funds:

Tettenhall Turner Estate Tettenhall Regis Tildesley (churchyard and graves maintenance) Tettenhall Regis 1521 (church repairs or insurance) Tettenhall Regis Deakin Tettenhall Regis Forrester Tettenhall Regis Millington (churchyard maintenance) 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

Designated 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 set aside for the upkeep of St Michael and All Angels, Christ the King Churches, St Paul’s and Holy Cross.

Choir fund

The fund is to be used for the expense incurred by the Choir of St Michael and All Angels.

Sunday School Funds

The funds have been set aside to help cover the expenses of the each of the Churches.

Other

Other funds have been set aside to assist in the running costs of fellowship groups

Unrestricted funds

Unrestricted funds are available for use at the discretion of the Council Members in furtherance 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 2024

2 Accounting policies

Charity information

Parochial Church Council of Tettenhall Regis is a corporate body established by the Church of England.

2.1 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, it is also the first year that they have been prepared under FRS102 (2016) as the applicable accounting standard and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP (FRS102)). The date of transition to FRS102 was 1 January 2015. The reported financial position and financial performance 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 to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial 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.

2.2

Going Concern

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.

2.3

Incoming 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 are recognised as income when receivable, as long as they are capable of financial measurement.

Investment income is credited to the accounts when received net of management fees in accordance with the normal practice of investment managers.

2.4

Resources expended

Expenditure is accounted for as incurred and includes any VAT which cannot be fully recovered.

Parish share is accounted for when payable.

Charitable activities comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.

Costs of generating funds comprise fundraising costs.

Grant expenditure is accounted for when paid.

15

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

2.4 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, as follows:

Plant and equipment 10% p.a. on a straight line basis Individual items under £100 are not capitalised

No depreciation is charged on the freehold properties since, 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 carry out an annual impairment review of these properties.

Consecrated and benefice property is not included in the accounts under s.10 (2) (a) of the Charities Act 2011.The Property shown in the Financial Statements is deemed as Historical cost and therefore not revalued.

2.5

Leasing and hire purchase commitments

Rentals paid under operating leases are charged against income on a straight line basis over the period of the lease.

2.6 Investments

Quoted investments are initially recognised at their transaction value and subsequently measured at their fair value, as at the year-end date.

Gains/losses arising on revaluation are charged to the respective funds.

Gains/losses arising on disposal are charged to the funds immediately on disposal.

3 Incoming Resources Unrestricted
Restricted
Endowment		 Unrestricted
Restricted
Endowment		 Unrestricted
Restricted
Endowment		 Total Total
Funds Funds Funds 2024 2023
£ £ £ £ £
3 (a) Voluntary income
Congregation Giving 89,773 2,325 - 92,098 92,304
Tax recoverable 17,043 - - 17,043 18,654
Donations, appeals, etc. 51,190 7,427 - 58,617 41,494
Grants 1,073 - - 1,073 3,321
__ __ __ __ __
159,079 9,572 - 168,831 155,773
__ __ __ __ __

In 2023,£1,190 of Congregation Giving and £1,189 of the donations and appeals was attributable to restricted income funds.

16

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

3 Incoming Resources Unrestricted Restricted Endowment Total Total
(continued) Funds Funds Funds 2024 2023
3 (b) Activities for
generating funds
General Fund-raising 3,722 207 - 3,929 5,717
__ __ __ __ __
3,722 207 - 3,929 5,717
__ __ __ __ __
In 2023, £590 of the activities for generating funds was attributable to restricted income funds
3 (c) Income from
investments
Parish Centre and
Church Hall receipts 61,122 - - 61,122 58,248
Property Rents 15,898 482 - 16,380 15,039
Dividends and interest
including tax
recoverable 11,092 15,794 - 26,686 15,559
__ __ __ __ __
88,112 16,276 - 104,388 88,846
__ __ __ __ __

In 2023, £9,061 of income from investments was attributable to restricted income funds, and £nil was in respect of endowment funds.

3 (d) Church activities
Weddings and Funeral
fees 26,768 - - 26,768 36,940
Church Magazine
receipts 366 - - 366 400
Youth education - 115 - 115 (493)
Sundry 2,399 30,828 - 33,227 2,335
__ __ __ __ __
29,533 30,943 - 60,476 39,182
__ __ __ __ __

In 2023, £(368) of the church activities was attributable to restricted income funds.

17

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

4 RESOURCES EXPENDED Unrestricted Restricted Endowment Total Total
Funds Funds Funds 2024 2023
£ £ £ £ £
4 (a) Church activities
Missionary and charitable giving
Home and Overseas 7,130 914 - 8,044 7,797
Education 54 365 - 419 1,827
__ __ __ __ __
7,184 1,279 - 8,463 9,624
Ministry: Diocesan Common -
Fund 148,793 750 149,543 147,105
Fees for weddings and funerals 12,199 - - 12,199 15,169
Clergy working expenses 2,420 - - 2,420 5,504
Clergy housing - - - - 47
Church workers’ wages/fees 10,225 - - 10,225 10,195
Organist fees 8,635 - - 8,635 7,603
Church maintenance 27,258 122,398 - 149,656 15,838
Church insurance 9,683 - - 9,683 8,021
Church light and heat 22,071 - - 22,071 17,702
Sanctuary expenses 2,950 - - 2,950 4,860
Church magazine costs - - - - -
Printing & stationery 4,990 - - 4,990 4,903
Parish Centre 5,194 - - 5,194 8,799
Property costs 4,181 - - 4,181 2,214
Church cottage expenses 9,184 - - 9,184 8,930
Bank charges 2,312 - - 2,312 2,303
Depreciation 150 100 - 250 850
Retreat weekends 344 - - 344 593
Sundry expenses 3,927 - - 3,927 3,162
__ __ __ __ __
281,700 124,527 - 406,227 273,423
__ __ __ __ __

In 2023, £9,090 of the expenditure on church activities was attributable to expenditure from restricted funds.

18

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

4 RESOURCES EXPENDED Unrestricted Restricted Endowment Total
Total
Funds Funds Funds 2024
2023
£ £ £ £
£
4 (b) Raising Funds
Stewardship envelopes 186 - - 186 293
General fund raising costs 367 - - 367
540
__ __ __ __ __
553 - - 553
834
__ __ __ __ __

In 2023 £Nil was expenditure from restricted funds.

5 Council Members

None of the Council members (or any persons connected with them) received any remuneration directly from the Parish during the year. Payments totalling £ 2,420 (2023 £5,504) were made to 2 (3) council members in respect of travelling and out of pocket expenses reimbursed.

6
Employees

Number of employees
The average monthly number of employees during the year
was:
Administrator
Employment costs
Wages and salaries		 2024
No.

1
_
1
_
£
10,225
 2023
No.
1
_
1
_
£
10,195

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 2023.

7 Taxation

In the opinion of the Council Members, all income of the charity in the year is outside the scope of income tax, corporation tax or VAT.

19

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

8 Tangible fixed assets As at Additions
 Revaluations Disposals As at
1 January 31 December
2024 2024
£ £ £ £ £
Cost
Freehold Property 795,000 - -
-		 795,000
Equipment 4,500 - - - 4,500
Café Equipment 11,333 - - - 11,333
__ __ __
__		 __
810,833 - - - 810,833
__ __ __ __ __
As at Charge for Revaluations Disposal As at
1 January the year adjustment 31 December
2024 2024
£ £ £ £ £
Depreciation
Freehold Property - - -
-		 -
Equipment 4,000 250 -
-		 4,250
Café Equipment 11,333 - -
-		 11,333
__ __ __
__		 __
15,333 250 - - 15,583
__ __ __ __ __
Net book values £
At 31 December 2024
£795,250
At 31 December 2023 £795,500

All fixed assets are used for direct charitable purposes.

See note 2.4 -the property is shown at a figure the trustees deem to represent historical cost and not revalued. An impairment review is undertaken periodically to ensure the assets historical value is retained.

The Parish Centre, which is included in these financial statements at a deemed historical cost of £250,000 including land is currently subject to negotiations concerning lease renewal with an existing tenant. The outcome of these negotiations is uncertain. Notwithstanding, the Trustees are of the opinion that no impairment provision is required.

20

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

9 Fixed asset investments
Quoted
Investments
£
Market value at 1 January 2024 477,363
Investments Realised (38,500 )
Net unrealised gain on revaluations 11,372
__
450,235
Market value at 31 December 2024
__
Historical cost:
At 31 December 2024 279,592
__
At 31 December 2022 314,592
__

The historical cost values have been estimated since they are not readily available.

Underlying investments at fair value comprise:

Capital at
31 December 2024
(%)
UK Equities 20.74
Overseas Equities 53.75
Fixed interest 9.77
Other 15.74
__
100.00

__ All of the investments are readily realisable. £181,888 of the investments are held on behalf of, and in the name of, the Parish by Lichfield Diocesan Trust. In addition to the above investments, a further £977,477 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 TETTENHALL REGIS

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

10
Debtors - 2024

Tax refunds due
Prepayments and accrued income
Debtors - 2023

Tax refunds due
Prepayments and accrued income
11
Creditors: amounts falling due within one year -
2024
Trade creditors
Parish loan advance
Creditors: amounts falling due within one year -
2023
Trade creditors
Parish loan advance
2024
£
13,092
13,969
_
27,061
_
2023
£
12,228
4,210
_
16,438
_
2024
£

70,241
2,864
_
73,105
_
2023
£

21,111
2,864
_
23,975
_
2023
£
12,228
4,210
_
16,438
_
2022
£
4,426
8,931
_
13,357
_
2023
£
21,111
2,864
_
23,975
_
2022
£
23,334
2,864
_
26,198
_






22

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

_________
12
Creditors: amounts falling due after one year -
2024
T C James Loan– St Michaels
Parish loan advance
Creditors: amounts falling due after one year -
2023
T C James Loan– St Michaels
Parish loan advance		 ___
2024
£
25,000
717
__
25,717
__
2023
£
25,000
3,582
______
28,582
 _
2023
£
25,000
3,581
_
28,581
_
2022
£
25,000
6,448
__
31,448

The above loans bore interest at 1% above bank base rate and are unsecured.

13 Restricted Funds Movement in funds

Balance Incoming Balance
1 January Resources Outgoing 31 December
- 2024 & transfers Resources Revaluation 2024
Bells Appeal 5,572 - - - 5,572
Blakeley Green House 18,992 - 750 - 18,242
Earmarked Funds 5,291 6,909 975 - 11,225
Hardship Fund 474 - - - 474
EM Fox Legacy 3,313 115 365 - 3,063
Harold Cavers Memorial 16,272 886 - - 17,158
Memorial Book 295 15 - - 310
Organ Fund 5,941 707 6,648 - -
Rhona Griffiths Legacy 12,239 - - - 12,239
Rhona Griffiths Legacy 167,502 4,580 24,000 3,760 151,842
Rhona Griffiths Residue 163,418 43,963 90,875 3,713 120,219
Swindley Trust 60,618 - - 1,314 61,932
Tettenhall In Need 912 3 915 - -
Tettenhall War Memorial 3,130 - - - 3,130
Vicars Discretionary Fund 1,291 - - - 1,291
__ __ __ __ __
465,260 57,178 124,527 8,786 406,697
__ __ __ __ __

23

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Balance Incoming Balance
1 January Resources Outgoing 31 December
2023 & transfers Resources Revaluation 2023
Bells Appeal 5,572 - - - 5,572
Blakeley Green House 20,924 314 (2,247) - 18,991
Earmarked Funds 5,065 326 (100) - 5,291
Hardship Fund 474 - - - 474
EM Fox Legacy 3,806 (493) - 3,313
Harold Cavers Memorial 15,544 728 - - 16,272
Memorial Book 295 - - - 295
Organ Fund 4,328 1,453 160 - 5,941
Rhona Griffiths Legacy 33 - - 12,206 12,239
Rhona Griffiths Legacy 153,265 - - 14,237 167,502
Rhona Griffiths Residue 151,994 8,333 (5,010) 8,101 163,418
Swindley Trust 61,831 - - (1,213) 60,618
Tettenhall In Need 1,012 1,000 (1,100) - 912
Tettenhall War Memorial 3,923 - (793) - 3,130
Vicars Discretionary Fund 1,291 - - - 1,291
__ __ __ __ __
429,357 11,661 (9,090) 33,331 465,260
__ __ __ __ __
14 Designated Funds
Building Fund
Building Repairs
Choir
Computer And Technology
Equipment
Cross Fund
Maintenance
Grants Fund
Memorial Fund
Choir 2
Parish Properties
Sunday School		 Movement in funds
Balance
1 January
2024
Incoming
Resources
Outgoing
Resources
and
transfers
Revaluation
Balance
31 December
2024
2,320
2,320
0
19,830
3,600
23,430
5,200
5,200
264
264
1,400
1,400
258
258.03
26,153
4,852
410
30,595
223
222.58
4,535
4,535.26
1,302
1,302
3,154
178
(111)
209
3,652
4,134
5
210
4,349
_
_
_
_
_
68,509
5,035
11,419
683
70,008
_
_
_
_
_

24

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Designated Funds 2023
Movement in funds
Balance
1 January
2023
Incoming
Resources
Outgoing
Resources
and
transfers
Revaluation
Building Fund
2,320
-
-
-
Building Repairs
16,200
1,267
2,363
-
Choir
4,487
-
-
713
Computer And Technology
Equipment
1,400
-
-
-
Cross Fund
258
-
Maintenance
22,496
3,806
(150)
-
Grants Fund
222
Memorial Fund
4,535
Choir 2
1,302
-
-
Parish Properties
4,558
232
(1,635)
Sunday School
3,563
4
566
_
________
________
________
56,326
5,309
(6,622)
1,279
________
________
________
________
15
Analysis of net assets between
funds
Unrestricted
funds
£
Restricted
funds
£
Endowment

Fund balances at 31 December 2024
are represented by:
Tangible fixed assets
776,050
19,200
-
Investments
14,112
341,059
95,064
Current assets
152,247
94,562
-
Creditors:
amounts falling due within one year
(24,981)
(48,124)
-
amounts falling due after one year
(25,717)
-
-
__
_
_
891,711
406,697
95,064


 Balance
31 December
2023
2,320
19,830
5,200
1,400
258
26,153
223
4,535
1,302
3,154
4,134
_
68,509
_
Total
£
795,250
450,235
246,809
(73,105)
(25,717)
__
1,393,472

25

PAROCHIAL CHURCH COUNCIL OF TETTENHALL REGIS

NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Analysis of net assets between
funds 2023
Unrestricted
funds
£
Restricted
funds
£
Endowment

Fund balances at 31 December 2023
are represented by:
Tangible fixed assets
776,200
19,300
-
Investments
13,430
370,772
93,161
Current assets
155,762
75,187
-
Creditors:
amounts falling due within one year
(23,975)
-
-
amounts falling due after one year
(28,582)
-
-
_
_
_
892,835
465,259
93,161


 Total
£
795,500
477,363
230,949
(23,975)
(28,582)
__
1,451,255

16 Related Party Transactions

Total donations by 24 of the trustees in the year amounted to £9,921 (2023: 24 - £9,836).

17 Control

The charity is controlled by the members of the Council.

26