Independent Examinerfs Report to the Emmanuel Parochial Church Council, Wylde Green I report on the attached accounts of the Emmanuel Parochlal Church Councll, Wylde Green for the year ended 31, December 2024. Respertive responsibilities of trustees and examiner The Parochial Church Council (PCC} is responsible for the preparation of the accounts. The PCC consider that an audit is not required for this year under section 144(21 of the Charities Act 20111the 2011 Act) and that an independent exarnination is needed. It is my responsibility to- examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission lunder section 14515}(bl of the 2011 Charitie5 Act, and state whether particular matters have come to my attention. Basis of Independent Examiners. Statement My examination was carried out in accordance wlth general Directions Eiven by the Charity Cornmission. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of an unusual items or disclosures in the accounts and seeking explanations from you as the PCC concerning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audlt, and consequently no opinion is given as to whetherthe account5 present a 'true and fairf view. and the report is lirnited to those matter5 Set out in the Statement below. Independent Examinerfs Statement In connection with my examination, no rrtaterial ¥natter5 have come to my attention- which gives me reasonable cause to believe that. in any material respect: the accountlng record5 were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord wlth the accounting records; or the accounts did not comply with the applicable requirements concerning the form and content of the accounts set out In the Church (Accounts and Reports) Regulations 2CH)8 other than any requlrement that the accounts give a 'true and fairf view wh•¢h is not a matter consldered as part of an independent examlnatlon. I have come across no other matters in connection with the ex3mination to which attention Should be drawn in this report. in order to enable a proper understanding of the accounts to be reached Marie T Hartwell FMAAT ICPA Certified Practising Accountants Vesey Accounting Street Suite l. Trinity House 33a Market Street Lichfield Staffs WS13 6LA 06 MAY 2025. 12/S/£o£S
FlAmAEL EII)IA)E EL 11-I-LDE GREEN Annual Report and Financial Statements of the Parochial Church Council for the year ended 31st December 2024 Priest in Charge: Fr. Graham Wigley Bank: HSBC HSBC Bank PIC 67 The Parade Sutton Coldfield West Midlands B721PL Independent Examiner: Vesey Accounting Services Ltd Suite 1 Trinity House 33A Market Street Lichfield WS13 6LA Page 1
Emmanuel Wylde Green Annual Report for 2024 Background The Parochial Church Council (PCC) of Emmanuel has the responsibility of ccFoperating 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 (APCM) in accordance wth the Church Representation Rules. During the year the following served as members of the PCC: Mr G Armstrong Mrs Angela Bagshaw Mrs E Brett Mrs Anne Cope Mr K Gardiner Mrs J Gotschel Mrs H Joy Mrs V Linney Mrs K Monaghan Mr M Monaghan Mr C Shaw Mrs V Smart Mr S Tomlinson The PCC operates through a number of committees. which meet between full meetings of the pcc. Standing Committee This committee has power to transact the business of the PCC between meetings, subject to 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, with a total of 49 people. Of these, 19 reside within the parish and 30 live outside the parish. The average attendance during October showed a increase from 59 to 74 (this includes all services). Public Benefit The Parochial Church Council met on five occasions during the last year. In January we discussed the vacancy ststus, worship plans with our rota of supporting clergy as well as plans to relaunch Sunday school. The Quinquennial report highlighted priorrty areas for the fabric of our church which were rainwater goods at the West End and the hall roof. We discussed next steps and funding opportunities. In addition to our regular Safeguarding update we also discussed our fire risk assessment and a key amnesty Other topics included returning the kneelers to the nave and ornament repairs in the Lady Chapel. Page 2
In April the vacancy continued to be our main topic of discussion as well as worship plans. We prepared for the APCM. There was good news from a fabric perspective, the rainwater goods works had been completed and a grant application was submitted for assistance with the costs of repairing the hall roof. The new chairs had also been installed. Safeguarding this month included risk assessment for the various activities that take place regularly in the church and hall. The APCM took Pla on 12th May 2024. In July we discussed the appointment of Graham Wigley as vicar and initial preparations for his collation service. It was confirmed that works to the hall roof would be undertaken in August to limit disruption to the regular classes etc. The PCC also adopted an updated version of the Policy on Recruitment of Ex-offenders. We continued to discuss progress on the key amnesty. Some risk assessments were approved and we discussed Net Zero Carbon action planning. In September the focus was very much on finalizing arrangements for Fr. Graham's collection service on 25th September and the Ordination Service on 6th October. Safeguarding focus was once again on the various risk assessments and key amnesty. In November our focus was planning our worship and other activities for the coming Advent and Christmas seasons. We also discussed recommendations to improve our energy efficiency from the Diocese, risk assessments and key amnesty where good progress had been made in both areas. We also had the good news that a grant from the Sutton Coldfield Charitable Trust was approved to help fund the costs of the renewing the hall roof. We also talked about re- establishing the pastoral visiting team and a potential Wednesday evening said eucharist. The cost of providing the Christian Ministy decreased slightly from £61,112 to £59,950 and the Quota allocated was £15,000 (this year the DI0Se asked us for £42,266, and we therefore underpaid them by £24,266). There was also major expenditure of £40,191 spent on the upkeep of the building. The Church and Hall buildings and contents have a Loss Limit of £19,750,000 through the Ecclesiastical Insurance Group. Signed on behalf of the trustees Fr Graham Wigley: ............................. Date: Page 3
PAROCHIAL CHURCH COUNCIL OF EMMANUEL WYLDE GREEN STATEMENT OF FINANCIAL ACTIVITIES For the year ending 31st December 2024 General Designated Unrestricted Unrestricted Restricted Endowment TOTAL FUNDS 2024 2023 Funds Funds Funds Funds INCOME AND ENDOWMENTS FROM: Donations and Legacies 21al 18.470 500 18,970 50,821 Charitable Acbvth'es 21bl 1,752 1.836 3,589 1,537 Other Trading Acfyvrfies 2(cl 33,846 33,846 30,321 Investments 21dl 755 2,509 3,264 3,157 TOTAL s4,(9 2,591 500 2,509 59,669 85,836 EXPENDITURE ON: Raising Funds 31al 459 Charitable Acts'vities 31bl 59.950 40.941 500 101,391 116,127 TOTAL 59,950 40,941 500 101,391 116,586 NET INCOMEI{EXPENDITURE) {5,881) {38,350) 2,509 {41,722} 130,7501 TRANSFERS BETWEEN FUNDS 31cl GAINS AND LOSSES ON INVESTMENTS realised unrealised 41bl 899 402 1,301 9,705 NET MOVEMENT IN FUNDS 5,881 37,451 2,911 40,422 21,045 BALANCES BROUGHT FORWARD AT 1ST JANUARY 2024 5,985 s8.9 7,622 57,266 129,782 150,828 BALANCES CARRIED FORWARD AT 31ST DECEMBER 2024 104 21,458 7,622 60,177 89,360 129,782 The notes on pages 6 to 11 fomj part of these accounts Page 4
PAROCHIAL CHURCH COUNCIL OF EMMANUEL WYLDE GREEN BALANCE SHEET AT 31st DECEMBER 2024 Note 2024 2023 FIXED ASSETS Investment Assets 4(b) 73,779 115,215 CURRENT ASSETS Central Board of Finance Deposit Account Moneymaster Account Current Accounts Cash in hand Debtors 15,709 182 23,102 499 1.972 15,891 25,573 LIABILITIES: Creditors falling due within one year 310 11,006 NET CURRENT ASSETS 15,581 14,567 TOTAL NET ASSETS 89,360 129,782 PARISH FUNDS General Unrestricted Designated Unrestricted Restricted Endowment 104 21,458 7,622 60.177 89,360 5.985 58,909 7,622 57.266 129,782 Approved by the Parochial Church Council on.................. .2025 and signed on its behalf by.. (Chairman) (Churchwarden) The notes on pages 6 to 11 fom? part of these accounts Page 5
PAROCHIAL CHURCH COUNCIL OF EMMANUEL WYLDE GREEN NOTES TO THE FINANCIAL STATEMENTS For the year ended 31st December 2024 ACCOUNTING POLICIES Basis of Financial Statements 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 Accounting Regulations 2006 applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities (SORP {FRS 102)). The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which Ihe PCC is responsible in law. They do not include the accounts of church groups thal owe their affiliation to another body. nor those that are informal gatherings of church mernbers. Fund Accounting Endowment funds are funds, the capital of which must be retained either pemianently or at the PCC'S discretion., the income derived from the endowmenl is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. Restricted funds comprise (a) income from endowments which is to be expended only on the restricled purposes intended by the donor and (b) revenue donations or grants for a specific PCC activity intended by the donor. Unrestricted fvnds are income funds which are to be spent on the PCC'S general purposes. Designated funds are general funds set aside by the PCC for use in the future. Project frjnds are designated for particular projects for administration purposes only. Funds designated as invested in fixed assets for the PCC'S own use abated in line with assets. annual depreciation charges in the SOFA. Designated fvnds remain unreslricted and the PCC will move any surplus to other general funds. Income and endowments from: Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is entitled to the use of the resour$, their ultimate receipt is considered reasonably certain and the amounts due are reliably quantifiable. Dividends are accounted for when declared receivable. interest as and when accrued by the payer. All incoming resources are accounted for gross. Expenditure on: Grants and donations are accounted for when paid over. orwhen awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share expecte(I to be paid over is accounted for when due. All other expenditure is generally recognised when it is inCued and is accounted for gross. All other accounling policies have been adopted in accordan with the regulalions. Page 6
PAROCHIAL CHURCH COUNCIL OF EMMANUEL WYLDE GREEN NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st December 2024 INCOME AND ENDOWMENTS FROM: General Designated Unrestricted Unrestricted Restricted Endowment TOTAL FUNDS 2024 2023 Funds Fun<ts Funds Funds 2{a) Donations and Legacies Tax efficient planned giving other planned giving Collections (open plate) at services Music Fund Voluntary Donations Decoration Scheme Grants for organ refurbishment Donations for organ refurbishment Donations,appeals Tax recoverable on donalions Gifi Aid Tax Recovered Legacies 11.980 3.294 931 11,980 3,294 931 12,289 1,707 1,596 6,225 359 95 20,000 500 500 2,266 2,266 3,672 4,878 18,470 500 18,970 50,821 2{b) Charitable Activities Fees Refreshments Concerls Messy Church Lent Books Votive Candle Stand 1,730 1,730 249 1.836 1,836 1,238 17 1,752 17 3,589 50 1,537 1,836 2{¢) Other Trading Activities Church Hall lettings and donations Energy Grant 33,846 33,846 30,321 33,846 33,846 30,321 2{d) Investments Dividends Transfer Realised Gains Unrealised Gains 755 2.509 3,264 3,157 899 1.653 403 2,912 1,302 4.565 9,705 12,862 TOTAL 54,069 3,489 500 2,912 60,970 95,541 Page 7
PAROCHIAL CHURCH COUNCIL OF EMMANUEL WYLDE GREEN NOTES TO THE FINANCIAL STATEMENTS {continued) For the year ended 31st December 2024 EXPENDITURE ON: General Designated Unrestricted Unrestricted Restricted Endowment Funds Funds Funds Funds TOTAL FUNDS 2024 2023 3(a) Raising Funds Cosls of fund-raising events Prinling and Slationery Expenditure on parish magazine Concert adverlising Trading Expenses Stewardship costs Website costs 459 459 3(bl Charitable Activities Relief & Development Home missions and Church Societies Secular charities Ministry.. diocesan quola clergy expenses parsonage house Church- running expenses Church maintenan Upkeep of services Support costs Church Hall running costs SalarieslWageslHonoraria Music Fund Upkeep of churchyard Major repairs Ireplacementslcrib Minor repairsldecoration Organ Repairs Fees Printing and stationery 50 15.000 20 50 15,000 20 500 13.190 60 25,000 500 13.190 12,188 9,428 9,428 6,518 10.180 10.180 10,021 750 750 40,191 40.191 5,419 6,472 5.268 948 55,474 5.419 6,472 191 191 650 59,950 40,941 500 101,391 116,127 TOTAL 59,950 40,941 500 101.391 116,586 3(cl The major transfers.. 3(d) Allocation of Admin Costs Running Costs Upkeep Cost Raising Funds Charitable How Allocated 0 40/oto60/. Page 8
PAROCHIAL CHURCH COUNCIL OF EMMANUEL WYLDE GREEN NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31st December 2024 4 FIXED ASSETS FOR USE BY THE PCC 41a) Fixlur8s, fittings and equipment The Offi is equipped with a print-copier, a photocopier and Iwo heavy duty staplers which for pruden sake have been depreciated lo nil. However, the print-copier was replaced in August 2019 with one on a rental contract and is no longer owned by us. 41bl Investments Designated Unrestricted Building Fund Shares EndowTnent Funds- Shares Total CBF'S Investment Fund Shares Market Value 1 January 2024 Additions Disposals Realised gain on reinvestment Unrealised Gains Losses Market Value at 31 December 2024 2563.51 32.63 -2007.87 57,949 755 {46,0001 2533.28 69.25 57,266 2,509 5096.79 101.88 -2007.87 115,215 3,264 146,0001 899 402 1,301 588.27 2602.53 3190.80 The investments of the endowment funds are held on our behalf by Bimingham DI0$an Trustees ANALYSIS OF NET ASSETS BY FUND Gengral Unrestricted Designated Unrestricted Restricted Endowment Funds Funds Funds Funds TOTAL Fixed Assets Current Assets 13.602 7.856 60,177 73,779 15,582 104 7,622 Fund balan 104 21.458 7,622 60,177 89,360 DEBTORS 7.856 2024 2023 Organ cover Income lax recoverable 675 1,297 1,972 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR Other Creditors Diocese Quota 310 1006 10,000 11,006 310 Page 9
PAROCHIAL CHURCH COUNCIL OF EMMANUEL WYLDE GREEN NOTES TO THE FINANCIAL STATEMENTS {continued) For the year ended 31st December 2024 2024 2023 FUND DETAILS The general unrestricted funds are available for the payment of general Church running expenses 104 5,985 The designated unrestricted fijnds comprise= The Building and Fabric Fund {2021 £56731 2020.. £53,082 2019.£48,249 2018.'£39.356 2017.'£47908 2016.'£42,693 2015: £43,314) 15.499 52,839 Music Fund 5,959 21,458 6,068 58,907 The restricted funds comprise: Festival John Bailey Memorial Flower Fund R Hockley Memorial Childrens work Music Room Organ 100 Club Chippendale Vicar and Church Wardens Fund Irene Gulliver Memorial Henry Burgess Memorial Shaw Bequest Stokes Bequest These eleven funds are P.C.C.funds. the nexl is a P.C.C. organisations fund Evergreens not ours 21 85 21 85 483 282 282 106 95 118 106 95 118 5.000 5,000 588 7,622 588 7,622 The Vicar and Church Warden fund has now been transferred into PCC bank account as a restricted fund The endowment fvnd comprises.. The Davis Bequest, which is a permanent endowment requiring the income to be spent on the upkeep of the Chapel. A second account has been opened by Bim)ingham Diocesan Trustees to keep the income and capital separate Total across two accounts 57,266 held in current account 2,911 60.177 50,873 6,393 57,266 Page 10