¢VMANVEL 4 1¥1)IAIN ITf4 T, IVTr"I.r)f4 C: Rf4 f4 N Annual Report and Financial Statements of the Parochial Church Council for the year ended 31st December 2023 Priest in Charge: tVacancy] Bank: HSBC HSBC Bank PIC 67 The Parade Sutton Coldfield West Midlands B72 1PL Independent Examiner: Vesey A¢¢ounting Services Ltd Suite 1 Trinity House 33A Market Street Lichfield WS13 6LA Page 1
Emmanuel Wylde Green Annual Report for 2023 Background The Parochial Church Council IPCC) of Emmanuel has the responsibility of co-operating with the incumbent, in promoting in the ecclesiastical parish the whole mission of the Church", pastoral evangelical, social, and ecumenical. Membership Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting IAPCMI in accordance wlh the Church Representation RLJles. During the year the following served as members of the PCC.. Mr G Amislrong Mrs Angela Bagshaw Mrs E Brett Mrs Anne Cope Mr K Gardiner Mrs J Gotschel Mrs H Joyce Mrs V Linney Mrs K Monaghan Mr M Monaghan Mr C Shaw Mrs V Smart Mrs B Snowdon Mr S Tomlinson The PCC operates through a number of committees, which meet beleen full meetings of the pcc. Standing Committee This committee has power to transact the business of the PCC between meetings, subject lo any directions given by the Council. Fabric Committee Responsible for the maintenance, inspection and repair of all buildings, contents and church grounds. Worship Committee This committee ensures we maintain our high standard of worship, by focusing on liturgy, music, and everything to do with our worshipping life. Church attendance This year a new Electoral Roll was produced, wth a total of. people. Of these, reside within the parish and _live outside the parish. The average allendance during October showed an increase 38 10 47 (this includes all services). Public Benefit The Parochial Church Council met on five occasions during the last year. In January we discussed the vacancy status, various safeguarding topics including risk assessments, the need for a Lone Worker Policy, DBS checks and a junior choir register. We also discussed the organ repairs and funding thereof. From a fabric perspective we discussed the annual roof inspection and debris clearance and emergency patch repairs to the sacristy roof. We also discussed church finances. Page 2
In March Archdeacon Jenny Tomlinson attended lo provide an update on the vacancy and role lo be advertised. We discussed Emmanuel's potential participation in the Central Sutton Oversight Area participation. We also discussed revision of our fire safely procedures document. From a safeguarding perspective, we reviewed the Lone Worker Policy draft version. Fabric topics were repairs needed to rainwater goods and what approach lo take. Karen provided her regular update on church finances as we looked towards the APCM and its preparation. We also discussed a key amnesty. The APCM took place on 14th May 2023. In July the vacancy was once again on the agenda and the PCC adopted two policies- our fire safely procedures document and the Lone Worker Policy. We also discussed the safeguarding of children under eight using the hall. The PCC also agreed to proceed with obtaining quotes for the rainwater goods remediation work and had its first discussion on net zero carbon action plans. In September we discussed our approach for interviewing candidates. We also adopted an update lo our Safeguarding Policy and shared confirmation of our official participation in the Central Sutton Oversight Area. Finances were again discussed and how to proceed with the external audit. Fabric discussion focused on Faculty consultation for the rainwater goods remediation work and PAT testing. We also reviewed our Fire Risk Assessment and action plan. Worship discussions included preparations for the upcoming confimialion service at Emmanuel together with Christmas planning. Our last meeting of the year was held in November where we were once again joined by Archdeacon Jenny Tomlinson lo discuss the vacancy and we agreed to review the advert. Fabric topics included completion of PAT lesling, emergency repairs to the hall roof and commencement of works to repair the rainwater goods. We finalized our Christmas worship plans, looked again al the risk assessments and our fire risk assessment. The cost of providing the Christian Ministry decreased slightly from £63,577 10 £61,112 and the Quota allocated was £25,000 Ilhis year the Diocese asked us for £42,226, and we therefore underpaid them by £17,226). There were also costs to refurbish the organ lotslling £55,754, taking lotsl costs in 2023 to £116,586. The Church and Hall buildings and contents have a Loss Limit of £19,280,000 through the Ecclesiastical Insuran Group. Signed on behalf of the trustees Revd Ann Richardson {Acting Chairl: . Date: Page 3
PAROCHIAL CHURCH COUNCIL OF EMMANUEL WfLDE GREEN STATEMENT OF FINANCIAL ACTIVITIES Forthe yearending 31st DÈcembÈr 2023 General Designated Unrestricted Unrestricted Restricted Endowment TOTAL FUNDS 2023 2022 Fund$ Funds Fund$ Funds INCOME AND ENDOWMENTS FROM.. Donations $4ClLeo&c*6 21al 24.596 6.225 20.000 50.821 33.966 CharilableAchvrt&s 919 618 1,537 740 Olhw frsding A¢itvrfie$ 30,321 30.321 31.285 Investments 21dl I,6 1,601 3,157 TOTAL 55.836 8.399 20.000 1.601 85,836 65.991 EXPENDITURE ON- R8isw Funds 31al 459 459 Charitab1eAchwtS 55.385 5.268 55.474 118.127 63.557 TOTAL 55,844 5,268 55.474 116,586 63.557 NET INCOMEIIEXPENDITUREI 3.131 135.4741 1.601 130.7511 2.434 TRANSFERS BETWEEN FUNDS 31cl 16,8411 6.841 GAINS AND LOSSES ON INVESTMENTS realised unaliSed 4,913 4,792 9,705 NET MOVEMENT IN FUNDS 28.633 21,046 2.434 BALANCES BROUGHT FORWARD AT 1ST JANUARY 2023 5,994 57,706 36.255 50.873 150.828 158.798 BALANCES CARRIED FORWARD AT 31ST DECEMBER 2023 5,986 58,909 7.622 57.266 129,782 150.828 rhe noles on pa9es 6 to 11 ffoim part olthese accotsnts Page 4
PAROCHIAL CHURCH COUNCIL OF EMMANUEL WYLDE GREEN BALANCE SHEET AT 31st DECEMBER 2023 Not8 2023 2022 FIXED ASSETS Investment Assets 41bl 115,215 102,353 CURRENT ASSETS Central Board of Finan Oeposrt Account neymaslerA¢¢ount Current Aecounls Cash in hand Debtors 23,102 499 1,972 56,357 2,118 25,573 58,475 UABILITIES.. Creditors falling due within one year 11,005 10,000 NET CURRENT ASSETS 14,568 4B,475 TOTAL ASSETS 129783 150828 PARISH FUNDS General UnrestriGted Designated Unrestricted Restricted Endowrnent 5,986 5B,909 7,622 57,266 129782 5,994 57,706 36,255 50,873 150828 Approved by the Parochial Church Council on... .2023 and signed on its behalf by". Ichairmanl Ichurchwardenl Tlre notes on pages 6 to 11 fotfftpartoflhese aGcounts P8ge 5
PAROCHIAL CHURCH COUNCIL OF EMMANUEL WYLDE GREEN NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2023 ACCOUNTING POLICIES Bas1$ of Flnanclal Stat8m•nts The PCC is a public benefit entrty Nwithin the meaning of FRS 102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 applic2ble 8ecounling standards snd the current Statement of Recommended Practi. Accounting and Reporting by Charities ISORP IFRS 10211. The fi'nancial statement8 have been prepared under the historical cost convention except for investment assets, which are shown at rnarket value. The financial statements indude all tran5action5. 35sels and liabilities for whid) the PCC Is responsible In law. They do not in¢lude the a¢¢ounls of ¢hur¢h groups that owe their affiliation to another body, nor those that are informal gatherings of church members. Fund Accounting EndoMnent funds are funds. the capital of which must be retained either pemanenuy or at the PCC'S discretion., the Income derived from the èndowment is to be used èither as restricted or unrestricied income funds depending upon the purp08e for whith the endowment wa8 established In the first pla. Resirided funds comprise lal Income from endownenls which is to be eypended only on the restricted purposes Intended by the donor and Ibl venUe donations or grants for a spe¢ifi¢ PCC 8¢tivity Intended by the donor. Unrestricted funds are inGome funds whiGh are to be spent on the PCC'S general purposes. Designated frJnds are general funds sel 8side by the PCC for use in the future. Project funds are designated for particular projec15 for adtninistration PUlPOse5 only. Funds designated as invested In fixed assets forthe PCC5 own use abated in line wlh assets, annual depreciation charges In the SQFA. Designated funds remain unrestricted and the PCC 11 move any surplus to other general funds. Income and endowments from.. Planned giving, collections and similar donations are recognised then received. Tax refund8 are recognised when the incoming resour to which they relate 18 reiVed. Grants and legacies are accounted for when the PCC Is enlided to the use of the resoufGes, Iheir ultitnate reGeipl Is con51dered reasonably Gert31n the amounts duè are reliably quantifiable. Dividends ar& 8ccounted for theTh decl8red reteivable, Interest as and when accnjed by the payer. All incoming resour8 are accounted for gross. Expanditure on= Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or conslruclive oblig8tion on the PCC. The diocesan p8rish share expected lo be paid over is acwunted forthen due. All other expenditu is generally recognised when it is incurred and 18 accounted for gros8. All other aOUntIng policies have been adopted In 8rdan with the regulations. Page 6
PAROCHIAL CHURCH COUNCIL OF EMMANUEL WYLDE GREEN NOTES TO THE FINANCIAL STATEMENT5 lcontinuedl Forthe year ended 31st December 2023 INCOME AND ENDOWMENTS FROM: General Deslgnatsd Unrestiictsd Unrgstricted R98trictod Endowmgnt TOTAL FUNDS 2023 2022 Funds Fund¥ Fund$ Funds 21al Donation5 and Lpgacies Tax efficient planned giving Other planned giving Colledions lopen platel at servi$ Music Fund Voluntary Donations De¢offjlion S¢heme Grants for organ refurbishment Donations for organ refurbishrnent Donalions.appeals Tax recoverable on donations Gift Aid Tax Recovered Lae$ 12.289 1,707 1.596 12,289 1,707 1,S96 6.225 359 95 20.OOD 8.884 7,814 1.217 402 6.225 359 95 20.OOD 1,479 4.370 3,672 4.878 3,672 4.878 4,31X) 5.500 24.596 6.225 20.000 50.821 33.966 21bl ChaNiable Activities Fees Refreshrnents Concert$ Messy Church Lent 8ook5 Votive Candle Stand 249 249 583 620 618 1.238 50 154 737 919 618 21¢ Other Trading Aclivrts Church Hall lethngs and donations Energy Grant 30,321 30,321 27,092 4,193 31.285 30.321 30.321 21dl Inv8slm8nts Dividend5 Transfer Reali8ed Gains Unrealised Gains 1,556 1,601 3,157 4.913 4792 9,705 TOTAL 13,312 6,393 Page 7
PAROCHIAL CHURCH COUNCIL OF EMMANUEL WYLDE GREEN NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl For the year ended 31st December 2023 EXPENDITURE ON.. General Designated UreStCted Unre$trfcted Restrlcted Endowment Funds Funds Funds Funds TOTAL FUNDS 2023 2022 31al R81&ng Funds Costs of fund-raising events Printing and Stationery Expenditure on parish magazine Conc*rt advertising Trading Expenses Stewardship costs Website costs 459 459 459 459 31bl Charitab18 Actiwbes Relief 8 Development Home missions and Chur¢h So¢ietie$ Secular charities Ministry-. dI0san quota clergy expen$e$ parsonage house Chur¢h. running expenses Church mainlenante Upkeep of services Support costs Church Hall running costs SalariesiWageslHonorana Musi¢ Fund Upkeep of churchyard Major repairs Ireplacementslcrib Minor paIrsIde¢oratIOn Oryan Refurbishment Fees Printing and stationery 60 25.000 4,370 20.000 125 25,000 12.188 12.188 12.365 45 4.869 6,518 6,518 10,021 10.021 7.175 5.268 5.268 948 55,474 9.293 4.151 948 55.474 900 285 650 650 55,385 5.268 55,474 116.127 63.558 TOTAL 55,844 5.268 55,474 116.586 63.558 31¢) The majoi tian5fers'. 31dlAlocatitsn of Admin Costs Running Costs Cost Raising Funds Charitable How Allocated 0 40% to 60% 0 40°h to 60% Upkeep Page 8
PAROCHIAL CHURCH COUNCIL OF EMMANUEL WYLDE GREEN NOTES TO THE FINANCIAL STATEMENTS (Gontinuedl For the year ended 31st December 2023 4 FIXED ASSETS FOR USE BY THE PCC 41al Fixtus. FithrS 8ndequipment The office Is equiptEd with a prinl-copier, 4 photocopier and Iwo he¥vyduty slaplers which for pden sake have been depreciated to nil. How8v&r. th& prinl-copi&rwas r&plac6d In August 2019 Wllh on& on a nts1 contract and 1$ no &)ng8r owned by us. 41bl Irjveslments Designated Unrestricted Building Fund Shares Endowment Funds- Shares Total ¢BF's Inv05tment Fund Shares Marketvalue 1 January 2023 Additions DistK)sals Realised gain on reinvestment Unre81ised Gains Losses Market Value at 31 Decem[ 2023 2491.59 71.92 51.480 1.556 2462.20 71.08 50.873 4953.79 143.00 102,353 3,157 4,913 4.792 9,705 115215 2563.51 2533.28 5096.79 ' The investments of the endowtnenl funds are hekj on our bphawby Bimingham Dio¢e$an Ttu$lees ANALYSIS OF NET ASSETS BY FUND Gerwal Unregirfrted Dgsign3led Unrestricted Restrlcted Endowment Funils Funds Funds Fund6 TOTAL Fixed Assets Cutrenl Assets 57,949 958 57,266 115,215 14,566 5,986 7.622 Fund b2nCe 5.986 58,907 7.622 57.266 129,781 DEBTORS Organ cover Income tax recoverablè 675 1297 1,972 675 1443 2.118 LIABILITIES.. AMOUNTS FALLING DUE WITHIN ONE YEAR Choir fund Diotzse Quota 1005 10,000 11,005 10,000 10,000 Page 9
PAROCHIAL CHURCH COUNCIL OF EMMANUEL WYLDE GREEN NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl For the year ended 31st December 2023 2023 FUND DETAILS The general unrestricted funds are available for the payment of general Church running expense5 The deswnsted uniestricted funds comprise". The Building and Fabric Fund 52,839 51.638 12021 £56731 2020.. £53,082 2019..£48,249 2018."£39,356 2017.'£47908 2016.'£42,693 2015.. £43,314) Music Fund 6,068 58,907 6,068 57.706 The $tricted fund$ Comprise. Festival John Bailey MOrial Flower Fund R Hockley M8morial Childrens worft Music Room Organ 100 Club Chippendale Vicar and Church Warden5 Fund Irene Gulliver Memorial Henry Burgess Memorial Shaw Beque51 Stokes Bequest These evell funds are P.C.C.funds, the next is a P.C.C. organisalions fund Evergreens not ours 21 85 483 844 282 21 1.731 483 1,319 282 9.260 459 500 2.164 1.944 2,420 10,000 5.000 106 95 118 5,000 588 588 The Vicar and Church Warden fund has now been tr8nsferred into PCC bank account as a restricted fund The endomnent fund Comprises. The Davis Bequ88t. which is a permanent Èndowment requiring the income to b8 sp&nl on the upkeep of the Chapel. A second account h85 been opened by 8irmin9harD Diocesan Trustees to keep the income and Capital separate Totsl a(mss two a¢¢ounl$ 47,897 held in current account 2,976 50,873 47.897 2,976 50,873 Page 10