PENN FIELDS PAROCHIAL CHURCH COUNCIL
STATEMENT OF FINANCIAL ACTIVITIES
Year ended 31 December 2024
Unrestrlcted
Re$tri¢tod
Endowment
Total Funds
2024
2023
Nots
INCOMING RESOURCES
Donations and legacEs
Other voluntary incoming
resources
Other income from
operating activitEs
21a)
174,697
174,697
165,878
21b
19,476
19,476
8,537
2{c)
19,838
19,838
19,898
Income from investments
21d)
7,353
7,353
7,278
TOTAL INCOMING RESOURCES
221,365
221,365
201,592
RESOURCES EXPENDED
Grants
Activities directly relating to
work of the Church
31a
12,956
12,956
9,754
31b)
191,121
191,121
181,711
Fundraising and publicity
Church management and
admin istration
31c)
3,522
3,522
1,901
31d)
26,978
26,978
27,812
TOTAL RESOURCES EXPENDED
234,577
234,577
221,179
NET INCOMING RESOURCES
(13,213)
(13,213)
(19,587)
GAINS ON INVESTMENTS
Unrealised
6,148
6.148
16,698
NET MOVEMENT IN FUNDS
(13,213)
6,148
(7,064)
12,889)
BALANCES BROUGHT FORWARD
AT 1 JANUARY 2024
34,457
262,716
297,173
300,061
BALANCES CARRIED FORWARD
AT 31 DECEMBER 2024
21,244
268,864
290,109
297,173

PENN FIELDS PAROCHIAL CHURCH COUNCIL
BALANCE SHEET
Year ended 31 December 2024
2024
2023
Note
FIXED ASSETS:
Tangible assets
Investments
233,864
227,116
Debtors
Cash at bank and in hand
39,000
70,746
43,629
84,153
109,745
127,783
LIABILITIES: Amounts falling due withln one year
NET CURRENT ASSETS
(8,500)
(8,325}
101,245
119,457
LIABILITIES.. Amounts falling more than one year
9A
(45,000)
(50,000)
TOTAL ASSETS LESS CURRENT LIABILITIES
290,109
297,173
NET ASSETS
290,109
297,173
FUNDS
Unrestricted
Restricted
Endowment
21,244
268,864
34,457
262,716
290,109
297,173
Approved by the Parochial Church Councll at the meeting on 22nd April 2024
And signed on its behalf by:
Rev. P H Smith
(PCC Chairman)

PENN FIELDS PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2024
1. STATEMENT OF ACCOUNTING POLICIES
A summary of the principal accounting policies adopted {which have been applied consistently, except
where noted), judgements and key sources of estimated uncertainty, is set out below.
Basi8 of flnancial ststsments
The PCC is a public benefit entity within the meaning of FRS 102. The financial statements have been
prepared under the Charities Act 2011 and in accordance with the Church Regulations 2006 goveming
the individual accounts of PCCS, and with the Regulations "true and fair view" provisions. They have also
been prepared in accordance with the Charities SORP (FRS 102).
The financial statements have been prepared under the historical cost convention with items recognised
at cost or transaction value unless otherwise stated in the relevant note{sl to these accounts. The financial
statements include all transactions, assels and liabilities for which the PCC is responsible in law. They do
not include the accounts of Church groups that owe their affiliation to another body, nor those that are informal
gatherings of church members.
General funds represent the funds of the PCC that are not subject to any special restrlctions regarding
their use and are available for application to the general purposes of the PCC.
All unrestricted funds In the individual DCC accounts are assumed to become restricted funds in the
PCC aggregated accounts, i.e. restricted for the use of the particular DCC.
The PCC has a single pemianent endowment created by a legacy from the Will of Mrs Mary Grainger.
This will provides for the PCC to invest the capital in perpetuity, the income from which may be used for
various works within the church.
The accounts include all transactions, assets and liabilities for which.the PCC is responsible in law.
They do not include the accounts of other church groups that owe their main affiliation to another body.
nor those that are informal gatherings of Church members.
Golng 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.
Cash flow statement
The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a cash flow
statement on the grounds that the income does not exceed £500,000.
Fund accountlng
Voluntary income and Gapital sources
Collections are recognised when received by or on behalf of the PCC.
Planned giving receivable under covenant is recognised only when received.
Income tsx recoverable on covenants or gift aid donations is recognised when the income is recognised.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement
and the amount due.
Funds raised by fetes and similar events are accounted for gross.
Sales of books and other good5 from the church stall are accounted for gross.

PENN FIELDS PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2024
STATEMENT OF ACCOUNTING POLICIES- continued
Other ordinary income
Income from the sale of church assets is recognised when entitlement is reasonably certain.
Income from investmonts
Interest is accounted for when receivable. Tax recoverable on such income is recognised in the same
Resources expended
Grants
Grant8 and donations are accounted for when pald over, or when awarded, if that award creates a
bindlng obligation on the PCC.
Activities directly relating to the work Ot Ine Liiurch
The diocesan quota or parish share is accounted for when payable. Any quota unpaid at 31
December is provided for In these accoLsnts as an operational Ilhough not a legal) liability and is
shown as a creditor in the Balance Sheet.
Major building work is accounted for when payable. Any unpaid arnounts at the year end are shown
as a creditor in the balance sheet.
Flx8d As88ts
Consecrated land and buildings and movable church furnishlngs
Consecrated and benefi'ced property is excluded from the accounts by s.10(2)(a) of the Charities
Act2011.
No value is placed on movable church furnishings held by the churchwardens or special trust for the
PCC and which require a faculty for disposal since the PCC considers this to be inalienable property.
All expenditure incurred during the year on consecrated or benefice buildings and movable church
furnishings, whether maintenance or improvement, is written-off as expenditure in the SOFA and
separately disclosed.
Other Ilxtures, flttlngs and offlce 8quipm•nt
Equipment used withln the church premises 1$ depreciated on a stralght line basis over 5 years.
Individual items of equipment with a purchase prlce of less than £500 are wrltten off when the asset
is acquired.
Investments
All investments are included at market value at the end of the current year. Realised gains (or losses)
are recognised when investments are sold. Unrealised gains (or losses) are accounted for on the
revaluation of investments at the year end.
Current Assets and Liabilities
Current assets
Amounts owing to the PCC at the year end in respect of fees, rents or other income are shown as
debtors less provision for amounts that may prove uncollectible.
urrent liaDilits"es
Amounts owing by the PCC at the year end in respect of fees and other expenditure are shown as
creditors.

PENN FIELDS PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2024
INCOMING RESOURCES
Unrestricted Restricted Endowment
Funds
Funds
Fund
Total Funds
2024
2023
2(a) Incoming ReSoU￿eS from donors
Covenants
Income tax recoverable on covenants
Uncovenanted
Collections (open plate) at all services
Gift Days
Sundry donations
Other sundry income
Contras Restricted
Income from Development Fund
114,059
30,017
6,056
8,532
4,350
10,200
1,481
114,059
30,017
6,056
8,532
4,350
10,200
1,481
120,852
22,179
8,486
2,964
1,956
9,160
19
263
174 697
165,878
2(b) Olher voluntary incoming resources
Grants
Missonary Societies Home
Development fund donation
Donations, appeals, etc
Fetes, bazaars, other fundraising events
7,418
7,418
4,509
8,744
3,314
8,744
1,092
21c) Incoming resources fmm operating aclivity
Magazines
Café
Ring Fenced Projects
Bookstall
Church hall lettings etc
Fees
Other Income
1,547
1,547
11,944
4,928
1,419
19,838
11,944
4,928
9.644
10,254
19.838
19,898
2(d) Incon￿ from investments
Dividends and interest
7,353
7,353
7,278
7,353
7,278
TOTAL INCOMING RESOURCES
221,365
221,365
201,592

PENN FIELDS PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2024
RESOUCES EXPENDED
Totsl
Funds
2024
Total
Funds
2023
Unrestricted Restrictsd Endowment
Funds
Funds
Fund
31al Grants
Missionary and charitabl8 giwng
Church overseas..
Cross Links
-missionary societies
Other Charities and societies ov8rseas
Overprovisions prlor years
4.485
4,663
606
1,000
11.956
1,000
11,9S6
3(b) Actlvltl@s dlr8Ctly r81ating to the Church
Ministry..
-Diocesan quola
-clergy Expenses
Church running exp8nses
Church maintenance
Church hall running expenses
Lega & Professional - Quinquennial inspection fees
Vicars fees to diocese
Office equipment repairs
Fanllies and Childrens workers
103,416
5,278
35,575
21,970
103,416
5,278
35.575
21,970
101 ,675
3,757
33,830
16,191
1,416
107
1,700
23,0.35
181 711
1,049
448
23,386
1,049
191121
31cl Costs of generating funds
Fund-raising events
1,901
3(d) Church management and administration
External organisl fees
Youth Project
Wages
Printing, poslage and stationary
Rent
Equlpment
Accountants. fe8S
Teaching noteslBibles
Miscellaneous
Development fund
166
166
780
750
12,672
3,129
15,149
1,793
15,149
1,793
2,074
1,739
3,713
2,344
2,074
1,739
3,713
2,344
1,621
3,108
5,752
26.978
27.812
TOTAL RESOURCES EXPENDED
234,577
234,577
221,179
10

PENN FIELDS PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2024
STAFF COSTS
2024
2023
Wages and salaries
38,534
35,707
FIXED ASSETS
Fixtur&s
and frttings
Tangible fixed assets
COST
At 1 January 2024 (estimated value)
Additions
48,782
At 31 December 2024
48,782
DEPRECIATION
At 1 January 2024 (200/0 Straight line)
Charge
48,782
At 31 December 2024
48,782
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
Fixed assets acquired before 1 January 1996 were previously written off to the Income and
Expenditu￿ account. The gross book value brought forward above includes the approximale
value of these assets as at 1 January 1996.
11

PENN FIELDS PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2024
INVESTMENTS
2024
2023
Lichfield Diocesan Trust
Market value at 1 January 2022
227.716
218.053
Unrealised gainllloss) on investmènt
6,148
16,698
Cash Invèstments
Withdrawal
(7,0351
Market valu8 at 31 December 2023
233,864
227.716
ANALYSIS OF NET ASSETS BY FUND
Unrgstrlctod R8strlctod Endowmènt
Fund
Fund
Fund
Totsl
Fixed assets
Currènt assets
Current liabilities
Liabilit￿$ more than on8 year
233,864
35.000
233,804
109,745
8,5001
74,745
18,5001
45,CN)O
21,244
268,864
290.109
DEBTORS
2024
2023
Income lax recoverable
Prepaymanls
Other Debtors
4,000
4,000
1.330
38,300
39.1)00
43,829
12

PENN FIELDS PAROCHIAL CHURCH COUNCIL
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 December 2024
9. LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Ac¢ruaL8
Endownment Fund- Salary Balance
Partsh Share
Other crèditors
6,500
140
2,000
8,185
8,500
8,325
9A. LIABILITIES: AMOUNTS FALLING DUE MORE THAN ONE YEAR
2024
2023
Loan - develcpment fund Mary Graingér Fund
35,000
35,000
Loans from members
10,000
15,000
45.000
50,000
Balance
Brought
Fo￿ard
01.01.24
Balance
Carrled
Forward
31.12.24
Movement in Funds
Incomè
Expenditure
Gains and
Losses
St Philip's general fund
St Aidan'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
20,729
17,111
262,716
{42,420)
6,054
91,778
25,024
7,248
1,981
9,776
{106,352)
122,9931
17,248)
6,155
19,142
268,864
140,439)
15,410
8,148
{420)
1,973
2,159
549
2,275
{405)
{2,512}
2,117
1,922
268,322
138,630
1139,9291
94,648
1234,577}
8,148
273,171
16,938
290,109
St. Joseph's DCC
28,851
297,173
82,735
221,365
6,148
11. RECONCILIATION OF MOVEMENTS ON AGGREGATED FUNDS
2024
2023
Balance brought forward
Ex￿sS of income over expenditure
Gains and losses
Balan￿ eArried fotward
297,173
113.213>
6,148
290 109
300.061
{19,5861
16.698
297.173
13

Balance
Brought
Fomard
01.01.23
Balanc8
Carried
For*vard
Movement in Funds
Income
Expenditure
Gains and
Losses
31.12.23
St Philip's general fund
St Aidan'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
49,215
16,430
253,053
{45,927)
1,499
850
2,021
1,548
70,838
23,743
7,200
3,508
11,951
(99,325)
(23,0621
114,2351
20,729
17,111
262,716
(42,420)
6,054
16,698
(7,3961
(850)
(707)
{1,195)
658
1,805
1,973
2,159
278,689
119,704
(146,7691
74,409
(221,177)
16,698
268,322
St. Joseph's DCC
21,372
81,888
201,592
28,851
297,173
300.061
16,698
13