## |INDEX||||| |---|---|---|---|---| |||||PAGES| |ANNUAL
REPORT||||1-3| |INDEPENDENT|EXAMINER'S||REPORT|| |STATEMENT OF|FINANCIAL||ACTIVITIES|| |BALANCE SHEET||||| |NOTES TO THE|FINANCIAL|STATEMENTS||7 β€”14| ## ## |ANNUAL
R
Year ended|ANNUAL
R
Year ended|EPORT
31December 2022|EPORT
31December 2022| |---|---|---|---| |PCC members||who have served from 1January 2022 until the date this report was approved are:|| |Incumbent:|||Revd. P. H. Smith| |Curate:|||Revd. T. Larkin (Until Dec 2022)| |Associate|Ministers:||Revd. Robert Carter| ||||Revd. G. Hartnell| |Resident|Minister||Revd. T.Eady (until Oct 2022)| |Local Mission||Leader:|V.Whittaker| |Parish Wardens:|||J.Wright (Until May 2022 AGM)| ||||C.Strange (until August 2022)| ||||B.Blaney (From May 2022 AGM β€”Jan 2023)| |Assistant|Wardens:||A. Bailey (From May 2022 AGM) PCC Vice Chair| ||||P. Kisby| ||||R Kisby| ||||S.Perry| ||||R.Brettel (From September 2022 AGM)| ||||G. Harper (from AGM 2022)| |Representatives||on Deanery Synod:|A. Evans| ||||R.Whittaker| ||||D. Kinghorn
(Until Sept 2023)| ||||Susan Pounde (until AGM 2023)| ||||Vacancies (2)| |Other Elected PCC Members:|||M. Cooke| ||||S.Lee| ||||B.Blaney (Until May 2022 AGM)| ||||C Duke (Treasurer)| ||||A. Wynter| ||||B.Swatman
(Until May 2022 AGM)| ||||A. Rock (Until May 2022 AGM)| ||||K. Birhah| ||||M. Harris| ||||T.Woodhouse| ||||A Bailey (Until May 2022 AGM)| ||||JGreen| ||||PTeece| |Secretary|-Co-opted||LBraiden| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |STATEMENT OF FINANCIAL|ACTI|VITIES||||| |---|---|---|---|---|---|---| |Year ended 31 December 2022||||||| |||unrestricted|Restricted|Endowment|Total|Funds| ||||||2022|2021| ||Note||f|f|a|s| |INCOMING RESOURCES||||||| |Donations
and legacies|2(a)||240,442||240,442|210,540| |Other voluntary
incoming||||||| |resources|2(b)||35,472||35,472|13,947| |Other income from||||||| |operating
activities|2(c)||14,709||14,709|13,711| |Income from investments|2(d)|||7,035|7,035|6,899| |TOTAL INCOMING RESOURCES|||290,623|7,035|297,658|245,097| |RESOURCES EXPENDED||||||| |Grants
Activities directly relating to|3(a)||7,513||7,513|1,667| |work ofthe Church|3(b)||211,437|5,500|216,937|208,078| |Fundraising
and publicity
Church management
and|3(c)||2,279||2,279|3,889| |administration|3(d)||37,345||37,345|34,819| |TOTAL RESOURCES EXPENDED|||258,573|5,500|264,073|248,453| |NET INCOMING RESOURCES|||32,049|1,535|33,584|(3β€ž356)| |(LOSS)/GAIN
ON INVESTMENTS||||||| |Unrealised||||(29,400)|(29,400)|31,635| |NET MOVEMENT
IN FUNDS|||32,049|(27,865)|4,184|28,279| |BALANCES BROUGHT FORWARD||||||| |AT 1 JANUARY 2022|||14,959|280,918|295,877|267,598| |BALANCES CARRIED FORWARD||||||| |AT31DECEMBER 2022|||47,008|253,053|300,061|295,87?| ## ## |PENN FIELDS PAROCHIAL
CHURCH
BALANCE SHEET|PENN FIELDS PAROCHIAL
CHURCH
BALANCE SHEET|PENN FIELDS PAROCHIAL
CHURCH
BALANCE SHEET|COUN|CIL|| |---|---|---|---|---|---| |Year ended 31 December 2022|||||| |||||2022|2021| ||||Note||| |FIXEDASSETS:|||||| |Tangible assets|||||| |investments||||218,053|245,919| |Debtors||||38,499|47,933| |Cash at bank and|in hand|||97,023|79,078| |||||135,522|127,011| |LIABILITIES:Amounts||falling due within one year||(3,514)|(22,052)| |NET CURRENT ASSETS||||132,008|104,958| |LIABILITIES:Amounts||falling more than one year|9A|(50,000)|(55,000)| |TOTAL ASSETS|LESS|CURRENT LIABILITIES||300,061|295,877| |NET ASSETS||||300,061|295,877| |FUNDS|||||| |Unrestricted|||||| |Restricted||||47,008|14,959| |Endowment||||253,053|280,918| |||||300,061|295,877| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2.|INCOMING RESOU|RCES||||||| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Endowment|Total|Funds| |||||Funds
f|Funds
s|Fund
s|2022
4|2021| |2(a)|Incoming Resources from donors|||||||| ||Covenants
Income tax recoverable
Uncovenanted
Collections (open plate)
Gift Days
Bequest - Eileen Cohen
Sundrydonations
Other sundry
income|on covenants
at all services|||121,033
30,951
3,579
1,284
601
62,261
19,438
100||121,033
30,951
3,579
1,284
601
62,261
19,438
100|125,749
30,058
4,588
2,397
7,242
39,883
162| ||Contras Restricted||||1,196||1,196|462| ||||||240,442||240,442|210,540| |2(b)|Other voluntary incoming|resources||||||| ||Grants
Missionary societies home
Donations,
appeals, etc
Fetes, bazaars, other fundraising||events||26,558
4,000
1,650
3,264||26,558
4,000
1,650
3,264|1,573
10,000
2,374| ||||||35,472||35,472|13,947| |2(c)|Incoming resources
from|operating|activity|||||| ||Church
hall lettings etc
Fees||||9,822
4,887
14,709||9,822
4,887
14,709|5,195
8,516
13,711| |2(d)|Income from investments|||||||| ||Dividends
and interest|||||7,035|7,035|6,899| |||||||7,035|7,035|6,899| ||TOTAL INCOMING RESOURCES||||290,623|7,035|297,658|245,097| ## ## ## ## |3.|RESOUCES EXPENDED|||||| |---|---|---|---|---|---|---| |3(a)|Grants|Unrestricted
Funds
6|Restricted
Funds
6|Endowment
Fund|Total
Funds
2022
6|Total
Funds
2021| ||Missionary and chentabie
giving|||||| ||Church overseas:|||||| ||-Missionary societies
Other Charities and societies overseas
Overprovisions
prior years||2,537
4,976||2,537
4,976|2,060
8,157| |||||||(8,550)| ||||7,513||7,513|1,667| |3(b)|Activities directly misting to the Church|||||| ||Ministry:|||||| ||-Diocesan quota
-Clergy Expenses
Church
running
expenses
Church maintenance
Vicars fees todiocese
Office equipment
repairs
Families and Childrens
workers||105,913
7,012
30,548
37,125
303
5,389
25,147
211,437|5,500
5,500|105,913
7,012
30,548
37,125
303
5,389
30,647
216,937|119,846
5,497
21,992
39,031
145
21,567
208,078| |3(c)|Costs ofgenerating
funds|||||| ||Fund-raising
events||2,279||2,279|3,889| |3(d)|Church management
and administration|||||| ||External
organist fees
Wages
Printing,
postage and stationary
Rent||959
21,213
2,735||959
21,213
2,735|125
25,806
1,392| ||Accountancyfees
Teaching notes/Bibles
Miscellaneous||1,500
2,719
8,219||1,500
2,719
8,219|1,434
2,255
3.808| ||||37,345||37,345|34,819| ||TOTAL RESOURCES EXPENDED||258,573|5,500|264,073|248,453| ## ## |Ye|ar ended 31 December|2|022||| |---|---|---|---|---|---| |4.|STAFF COSTS||||| |||||2022
6|2021f| ||Wages and salaries|||51,860|47,373| |5.|FIXEDASSETS||||| ||||||Fixtures| ||||||and fittings| ||Tangible fixed assets||||6| ||COST||||| ||At 1 January 2022 (estimated|value)|||48,782| ||At 31 December 2022||||48,782| ||DEPRECIATION||||| ||At 1 January 2021 (20%straight
Charge||line)||48,782| ||At 31 December 2022||||48,782| ||NET BOOK VALUE||||| ||At 31 December 2022||||| ||At 31 December 2021||||| ## ## ## ## |INVESTMENTS||| |---|---|---| ||2022f|2021| |Lichfield Diocesan Trust||| |Market value st 1 January 2022|245,918|220,921| |Unrealised
(loss)/gain
on investments|(29,400)|31,635| |Cash - Investment
income dividends|7,035|6,899| |Withdrawals|(5,500)|(13,536)| |Market value at 31 December 2022|510,003|245,916| ## ||Unrestricted|Restricted|Endowment|| |---|---|---|---|---| ||Fundf|Fund
f|Fund
f|Totalf| |Fixed assets
Current assets
Current
liabilities
Liabilities more than one year||100,522
(3,514)
50000|210,053
35,000|218,0S3
135,522
(3,514)
~00,000| |||47,008|253,053|300,001| ## |DEBTORS||| |---|---|---| ||2022|2021| ||f|| |Income tax recoverable
Prspayments|3,499|12,100| |Other Debtors|35,000|35,633| ||38,499|47,933| ## ## ## ## ## ||||||2022|2021| |---|---|---|---|---|---|---| |Accruals|||||f|f| |Endownment
Fund-
Parish Share|Salary Balance||||1,395|93000
6,000| |Other creditors|||||2,119|7,052| ||||||3,514|22,052| |9A. LIABILITIES:AMOUNTS FALLING DUE MORE|||THAN ONE|YEAR||| ||||||2022|2021| |Loan - development|fund Mary Grainger|Fund|||35,000|35,000| |Loans from members|||||15,000|20,000| ||||||0,000|,00| |10.ANALYSIS OF MOVEMENTS ON||FUNDS||||| |||Balance||||| |||Brought
Forward
01.01.22
f|Movement
Income
f|in Funds
Expenditure
f|Gains and
Losses
f|Balance
Carried
Forward
31.12.22
f| |St Philip's general fund
StAidan's
general fund
St Philip's endowment
fund
St Philip's development
fund
St Philip's youth project
St Philip's
holiday club
Busy Bees and Mums and Toddlers
St Philip's The Hub||5,558
23,648
280,918
(43,716)
4,785
850
1,761
2,363|140,863
20,947
7,035
8,982
17,663
821
1,113|(97,206)
(28,165)
(5,500)
(11,193)
(20,948)
(561)
(1,928)|(29,400)|49β€ž215
16,430
253,053
(45,927)
1,499
850
2,021
1,548| |St.Joseph's DCC||276,167
19,710|197,424
100,234|(165,501)
98,572)|(29,400)|278,689
2'f 372| |||295877|297,658|(264,073)|(29,400)|300,061| |1.RECONCILIATION|OF MOVEMENTS ON AGGREGATED FUNDS|||||| ||||||2022f|2021f| |Balance brought
forward
Excess of income over expenditure
Gains and losses
Balance canted forward||||295,877
33,584
~00
3 0. 0||267,598
(3,356)
31,635
,0| ## ## ## ## ## ## |INCONIING RESOURCES|Unresticted
Funds
8|Designated
Funds|Restricted
Funds
f|Endowment
Funds|Total Funds
2021
5| |---|---|---|---|---|---| |Donations
and legacies
Other voluntary
incoming
resources|||210,540
13,947||210,540
13,947| |Other income from|||||| |operating
activities|||13,711||13,711| |Income from investments||||6,899|6,899| |Total|||238,198|6,899|245,097| |RESOURCES EXPENDED|||||| |Grants
Activities directly relating|||1,667||1,667| |to the work ofthe Church
Funderaising
and publicity
Church management
and
administration|||205,078
3,889
5,327|3,000
29,492|208,078
3,889
34,819| ||||215961|32,492|248,453| |Net income/(expenditure)|||22,237 -|25,593|3,356| |Losses on Investments|||||| |Unrealissd|||||| |||||31,635|31,635| |Reconciliation
offunds:|||||| |Total funds brought
forward|||7,278|274,876|267,598| |Total funds carried forward|||||| |at 31December 2021|||14959|280,918|295,877|