2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Penn Fields, Wolverhampton

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ANNUAL RE Year ended	ANNUAL RE Year ended	PORT 31December 2021	PORT 31December 2021
PCC members		who have served from 1January 2021 until the		date this report was approved	are:
Incumbent:			Revd. P. H. Smith
Curate:			Revd, T. Larkin
Associate	Ministers:		Revd. Robert	Carter
			Revd. G. Hartnell
Resident Minister			Revd. T. Eady
Local Mission Leader:			V.Whittaker
Parish Wardens:			J.Wright
			C.Strange
Assistant Wardens:			R.Whittaker	(Until May 2021AGM)
			P. Kisby	(From May 2021AGM)
			R Kisby
			S.Perry
Representatives		on Deanery Synod:	A. Evans
			S.Pounde	(Until May 2021AGM)
			R.Whittaker
			D. Kinghorn
			Vacancies (2)
Other Elected		PCC Members:	M. Cooke
			P.Oakley	(Until May 2021AGM)
			S.Lee
			B.Blaney
			C Duke (Treasurer)
			A. Wynter
			B.Swatman
			A. Rock
			K. Birhah
			M. Harris
			T. Kisby
			T.Woodhouse
			A Bailey	(From May 2021AGM)
			J Green	(From May 2021AGM)
Secretary	-C	o-opted	L Braiden

STATEMENT OF FINANCIAL ACTI	STATEMENT OF FINANCIAL ACTI	VITIES
Year ended 31 December 2021
		Unrestricted	Restricted	Endowment	Total	Funds
					2021	2020
	Note		E		s
INCOMING RESOURCES
Donations and legacies	2(a)		210,540		210,540	163,530
Other voluntary incoming
resources	2(b)		13,947		13,947	18,570
Other income from
operating activities	2(c)		13,711		13,711	14,698
Income from investments	2(&I)			6,899	6,899	7,655
TOTAL INCOMING RESOURCES			238,198	6,899	245,097	204,453
RESOURCES EXPENDED
Grants	3(a)		1,667		1,667	8,934
Activities directly relating to
work of the Church	3(b)		205,078	3,000	208,078	342,892
Fundraising and publicity	3(c)		3,889		3,889	11,495
Church management and
administration	3(d)		5,327	29,492	34,819	27,299
TOTAL RESOURCES EXPENDED			215,961	32,492	248,453	390,620
NE'r INCOMING/(OUTGOING)	RESOURCES		22,237	(25,593)	(3,356)	(186,166)
GAINS ON INVESTMENTS
Unrealised				31,635	31,635	14,583
NET MOVEMENT IN FUNDS			22,237	6,042	28,279	(171,583)
BALANCES BROUGHT FORWARD
AT 1 JANUARY 2021			(7,278)	274,876	267,598	439,181
BALANCES CARRIED FORWARD
AT 31 DECEMBER 2021			14,959	280,918	295,877	267,598

PENN FIELDS PAROCHIAL CHURCH BALANCE SHEET	PENN FIELDS PAROCHIAL CHURCH BALANCE SHEET	PENN FIELDS PAROCHIAL CHURCH BALANCE SHEET	COUNC	IL
Year ended 31 December 2021
				2021	2020
			Note
FIXEDASSETS:
Tangible assets
Investments				245,919	217,285
Debtors				47,933	64,156
Cash at bank and	in hand			79,078	83,266
				127,011	147,422
LIABILITIES:Amounts		falling due within one year	9	(22,052)	(37,109)
NET CURRENT ASSETS				1D4958	110,313
LIABILITIES:Amounts		falling more than one year	9A	(55,000)	(60,000)
TOTAL ASSETS	LESS	CURRENT LIABILITIES		295,877	267,598
NET ASSETS				295,877	267,598
FUNDS
Unrestricted
Restricted				14,959	(7,278)
Endowment				280,918	274,876
				295,877	267,598

Year 3.	ended 31 December 2021 RESOUCES EXPENDED
					Total	Total
		Unrestricted	Restricted	Endowment	Funds	Funds
		Funds	Funds	Fund	2021	2020
				2	2
3(a)	Grants
	Missionary and charitable giving
	Church overseas:
	-Missionary societies Other Charities and societies overseas		2,060 8,157		2,060 85157	2,500 6,435
	Other Charities and societies overseas:
	overprovisions prior years		8,550 1,667		66	8,934
3(b)	Activities directly relating to the Church
	Ministry: -Diocesan quota -Clergy Expenses Church running expenses Church maintenance		119,846 5,497 21,992 39,031		119,846 5,497 21,992 39,031	1 l5,143 3.587 23,416 173.678
	Vicars fees to diocese					668
	Office equipment repairs Families and Childrens workers		145 18,567 205,078	3,000 3,000	145 21,567 8080 8	10671 24.728 3,89
3(c)	Costs ofgenerating funds Fund-raising events		3,889		3,889	11,495
3(d)	Church management and administration External organist fees Wages Printing, postage and stationary		125 (3,686) 1,392	29,492	125 25,806 1,392	193 13,744 2,252
	Rent
	Accountants' fees		1,434		1,434	14392
	Teaching notes/Bibles Miscellaneous		2,255 3,808		2,255 3,808	1:122 5.308
	Development fund		5,327	29,492	34 869	3.288 27,299
	TOTAL RESOURCES EXPENDED		215,961	32,492	24&,453	390,620

INVESTMENTS
	2021	2020
	2
Lichfield Diocesan Trust
Market value at 1 January 2021	217,284	242,702
Unrealised gain/(loss) on investment	31,635	14,582
Equity Income
Withdrawal	(3,000)	(40,000)
Market value at 31 December 2021	245,919	217,285

					Unrestricted	Restricted	Endowment
					Fund	Fund	Fund	Total
					2	2	2	2
Fixed assets							245,919	245,919
Current	assets					44,066	75,999	120,065
Current liabilities Liabilities more than one year						(9,107) 20,000	(6,000) 35,000	(15,107) ~ss,m
						14,959	280,918	295,877
DEBTORS
							2021	2020
							2
Income	tax recoverable						12,100	11453
Prepayments
Other Debtors - Development		Fund	Mary Grainger	Fund				52.703
							47,933	64,156


9.	LIABILITIES: AMOUNTS				FALLING DUE WITHIN		ONE YEAR
									2021	2020
	Accruals								9,000	37,109
	Endownment Fund-		Salary Balance						6,000
	Other creditors								7,052
									22,052	37,109
9A.	LIABILITIES:AMOUNTS				FALLING DUE MORE		THAN ONE YEAR
									2021	2020
	Loan - development		fund Mary		Grainger	Fund			35,000	40,000
	Loans from members								20,000	20,000
									55,000	60,000
10.	ANALYSIS OF MOVEMENT ON FUNDS
						Balance				Balance
						Brought				Carried
						Forward	Movement	in Funds	Gains and	Forward
						01.01.21 6	Income p	Expenditure	Losses f	31.12.21 2
	St Philip's	general fund				(41,368)	121,211	(74,285)		5,558
	St Aidan's	general fund				25,969	17,598	(19,919)		23,648
	St Philip's	endowment		fund		274,876	6,899	(32,492)	31,635	280,918
	St Philip's	development		fund		(16,703)	(6,111)	(20,902)		(43,716)
	St Philip's	youth project				3,258	18,250	(16,722)		4,785
	St Philip's	holiday club				1,317		(467)		850
	Busy Bees and Mums and Toddlers					1,818	341	(398)		1,761
	St Philip's	The Hub				2,513	215	(365)		2,363
						251,680	158,402	(165,548)	31,635	276,167
	St.Joseph's DCC					15,919	86,695	(82,904		19,710
						267,598	245,097	(248,453)	31,635	295,877

INCOMING RESOURCES	Unresticted	Designated	Restricted	Endowment	Total Funds
	Funds	Funds	Funds	Funds	2021
	2			2	2
Donations and legacies			163,530		163,530
Other voluntary incoming
resources			18,570		18,570
Other income from
operating activities			14,698		14,698
Income from investments				7,655	7,655
Total			196,798	7,655	204,453
RESOURCES EXPENDED
Grants			8,934		8,934
Activities directly relating
to the work of the Church			342,892		342,892
Funderaising and publicity			11,495		11,495
Church management and
administration			27,299		27,299
			390,620		390,620
Net income/(expenditure)			(193,821)	7,655	186,166
Losses on Investments
Unrealised				14,583	14,583
Reconciliation offunds:
Total funds brought forward			186,543	252,638	439,181
Total funds carried forward
at 31 December 2021			7,278	274,876	267,598