**Checked to CC website. Missing from website are: Christopher Hope, David Craddock, Jennifer Hickman, Edwin Simpson** # **Annual Report and Financial Statements of the Parochial Church Council of Wednesfield Team Ministry** Registered Charity number 1137018 **For the year ended 31st December 2022** ## **Independent Examiner’s report to the members of The Parochial Church Council of Wednesfield Team Ministry** I report on the accounts for the year ended 31[st] December 2022 which are set out on the following pages. ## **Respective responsibilities of the Trustees and Independent Examiner** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination 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 (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of Independent Examiner's Statement** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair” view, and the report is limited to those matters set out in the statement below. ## **Independent Examiner's Statement** In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect: - accounting records were not kept in accordance with section 130 of the Charities Act or - the accounts do not accord with the with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: ………………………………………….. Jonathan Hill FCMA CGMA Lichfield Diocesan Board of Finance St Mary’s House, The Close, Lichfield WS15 1GX Date: ………………………………… 2 **Annual Report and Financial Statements of the Parochial Church Council of the Ecclesiastical Parish of Wednesfield Team Ministry** **Trustees’ Annual Report for the year ended 31st December 2022** ## **Registered Charity number** _**1137018**_ ## **Objectives and Activities** The PCC is committed to serving the local community with God’s love and with enabling as many people as possible to worship at our churches and to become part of our parish community at St Alban’s and St Thomas’ churches. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music, and sacrament. Each of the district churches manages its own objectives and activities within the terms of its Mission Action Plan and under the oversight of the PCC. Fuller details of these activities and objectives can be found in the District Church Annual Reports. The trustees of the PCC are aware of the Charity Commission’s guidance on public benefit in The Advancement of Religion for the Public Benefit and have had regard to it in their administration of the Charity. The trustees believe that, by promoting the work of the Church of England in The Ecclesiastical Parish of Wednesfield Team it helps to promote the whole mission of the Church (pastoral, evangelistic, social, and ecumenical) more effectively, within the Ecclesiastical Parish, and that in doing so it provides a benefit to the public by: • Providing facilities for public worship, pastoral care, and spiritual, moral, and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers; and - Promoting Christian values and service by members of the Church in and to their communities, to - the benefit of individuals and society. - Growth is a priority for both churches in the Parish. ## **Achievements and Performance** During 2022, the PCC working through the DCCs achieved the following: - Rebuilding live church activities following the lifting of Covid-19 restrictions, including normal worship services, fellowship activities and public events such as summer and Christmas fairs - Continued provision for online engagement, including live streaming of some services (St Thomas’ throughout the year, St Alban’s until June) - The continuance and development of the life of the churches during the vacancy for Team Rector under the ministry of Revd Derek D’Souza (interim minister at St Thomas’) and Revd Tom Fish (Team Vicar at St Alban’s) - The provision of pastoral and spiritual support beyond the congregation, particularly through extensive ministry in baptisms, marriages, and funerals - Rebuilding links to local primary schools, through provision of regular Collective Worship at St Alban’s School, the participation of two schools in the Life Exhibition, occasional worship and class events with other schools, and the agreement to restart regular parish involvement in Collective Worship at St Thomas’ School as from January 2023. - The appointment of a part-time Children and Families Worker at St Alban’s Church 3 - Participation in local community activities, including Wednesfield in Bloom and the Ashmore Park “Stuff 4 Steph” community fair. - The continued and growing operation of the Ashmore Park Foodbank ## **Financial Review** The PCC’s financial position is described in the attached document. The financial risks are described below. The principal source of income is collections, occasional office fees, the rent received from 18 Duke Street and Ashmore Autos and hall hire fees for St Alban’s Church and St Thomas’s Centre. ## **Reserves Policy** The PCC aims to keep approximately three months running costs in reserves (£35,575 in total). This is also to cover emergency building work. Both churches have been able to able to maintain reserves at that level through the year. Total free reserves were £42,453 at 31.12.2022. It is our policy to invest the short-term investment fund balances with the CCLA Church of England Deposit Fund and the remainder in the CCLA Church of England Investment Fund. ## **Safeguarding** The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). ## **Fundraising** The PCC takes it fundraising responsibilities seriously and is very grateful to all donors – whether regular or occasional – for their support of the church and church events. PCC supporters are never taken for granted. The PCC take full responsibility for fundraising and do not use commercial organisations or professional fundraisers. All money raised is either by donations, fundraising events, special appeals, or legacies for which the PCC are most grateful. ## **Volunteers** The members of the PCC would like to thank all the volunteers who work so hard to make our Church a lively and vibrant community. In the context of this report, our especial thanks go to our church wardens, who have worked so tirelessly on our behalf and the treasurers who have managed and helped us all to understand the church’s accounts and its finances. ## **Review of the Year** The life of the Parish gradually recovered from the impact of the Covid-19 epidemic. Live worship had already restarted over the course of 2021, but in 2022 we were able to restart other larger scale events, such as summer and Christmas fairs and the annual Remembrance Day service outside St Thomas’ Church. The Christmas programme also started to look more normal, although local schools remained cautious about holding services in church and taking part in events like the Christmas lights switch-on. While we encouraged people to return to in-person worship, we continued to live-stream services (for the whole year at St Thomas’ and up until June at St Alban’s), to allow engagement from people who were still unable or uncomfortable with coming to services in person. Rev Derek D’Sousa’s appointment as Interim Minister at St Thomas’ was renewed in February, and again in August. 4 The numbers of baptisms remained high, as families caught up on services that would otherwise have taken place during the Covid restrictions. The team’s ministry has continued to be in high demand for funerals across the parish, although numbers are lower than in recent years. The majority of these have been at the crematorium, but we have also had a number at each of the churches. Wider involvement in the local community has also started to open up again, with participation in Wednesfield in Bloom and the Ashmore Park Stuff-4-Steph community fair, and well-attended concerts by the Ashmore Park Choir at St Thomas’ Church. In September, St Alban’s appointed a part-time Children and Families Worker, who is helping to develop a more comprehensive programme of ministry, as well as building informal links with the significant number of young families associated with the church. Also in September, the Diocese finally gave the approval for the recruitment of a replacement Rector, and since then a small group has been developing a Parish Profile for the appointment. ## **Future Plans** At St Thomas’s, the appointment of a new Rector is a high priority, and critical to shaping the church’s vision and strategy for the post-Covid era. It is planned to approve the Parish Profile in January and advertise the post soon thereafter. At St Alban’s, there has been substantial turnover and instability in key leadership positions, and some change in the character of the congregation. The priority is to rebuild the church on firm foundations, especially of prayer and discipleship. ## **Risk Management** The most serious risks to the churches, financial and otherwise, would come from declining giving and regular attendance. These are addressed through continued teaching and mission. A major unexpected demand on building maintenance could put the viability of the parish at risk. Regular maintenance is undertaken, and St Thomas’ and St Albans’ DCC’s maintain some funds to provide for this. ## **Structure, Governance and Management** The PCC is a Body Corporate established by the Church of England (PCC Powers Measure 1956, and the Church Representation Rules 2006) and is a Charity registered with the Charity Commission. The PCC is governed by the Parochial Church Council Powers Measure (1956) as amended that came into effect on 2[nd] January 1957, and the Church Representation Rules [CRR] (2020), and by the Wednesfield Team Instrument of Government [WTIG] made in 2014. The method of appointment of the PCC members is set out in the CRR as amended by the Wednesfield Team Instrument of Governance. The Council comprises the Incumbent, the Churchwardens, a representative of the Readers, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. The PCC meets 3-4 times a year. Given its responsibilities, the PCC has a number of sub committees, each dealing with a particular aspect of parish life. These include the DCC at St Thomas, the DCC at St Albans, and the St Thomas Centre Management Committee and others as required. Each reports back to the PCC with the minutes of their meetings, directly or through DCCs. The following policies are in place: - Safeguarding - Health and Safety with accompanying Risk Assessments - • Expenses for clergy and ministers 5 - Lone working - Vicar and Wardens account (This is a fund for those in need in the Parish) - Baptism policy - General Data Protection Regulation - Social Media - Parish Fees Policy ## **Related Parties** Donations from related parties (PCC members). All donations from related parties during the year were received without any conditions that would render them transactions. ## **Reference and Administrative details** The Churches are situated in Wednesfield, in the City of Wolverhampton and is part of the Deanery of Wulfrun, in the Diocese of Lichfield. The correspondence address is: The Parish Office, St Thomas’ Church, Church Street, Wednesfield WV11 1SS. Registered charity number 1137018. Our website address is: www.wednesfieldteam.org.uk. PCC members who have served from 1[st] January 2022 until the date this report was approved were **:** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18|Trustee name|Office (if any)|Dates acted if not for whole
year| |---|---|---|---| ||The Rev’d Thomas Fish|Team Vicar|| ||Mr Terence Braithwaite|Parish Reader
Parish Warden|From 21stJune 2022| ||Mr Derek Bennett|Parish Warden
PCC Treasurer,
Deanery Synod (St Alban’s)|Until 21stJune 2022| ||Mr Clive Postle|Diocesan Synod,
Deanery Synod (St Thomas),
Parish Warden
PCCLay chair, StThomas’ DCC|| ||Mrs Jill Ellson|District Warden (St Thomas’)
LayMinister for Prayer|| ||Mrs Lucy Smith|District Warden (St Thomas’)|| ||Mrs Deborah Dale|DCC Secretary (St Alban’s)
St Alban’s PCC member|Until 15thMay 2022
From 15thMay 2022| ||Mrs Jan Postle|DCC Secretary (St Thomas’)|| ||Mr Steve Lawley|DCC Treasurer (St Thomas’)|| ||Mr Barry Bishop|DCC Treasurer (St Alban’s)
District Warden (St Alban’s)|From 30thOctober 2022| ||Mr Christopher Hope|Deanery Synod (St Thomas’)|| ||Mr Brian Daybell|Deanery Synod (St Alban’s)
District Warden (St Alban’s)|From 21stJune to 22ndJuly
2022| ||Mr Laurence Fletcher|District Warden (St Alban’s)|Until 21stJune 2022| ||Mrs Sylvia Kelly|District Warden (St Alban’s)|Until 21stJune 2022| ||Mr David Cradock|St Alban’s PCC Member|From 15thMay 2022| ||Mrs Norma Thompson|St Thomas’s PCC Member|| ||Mrs Susan Vaughan|St Thomas’s PCC Member|| ||Mrs Rachel Warner|St Alban’s PCC Member|| 6 |19
20
21
22
23
24|Mrs Jennifer Hickman|St Thomas’s
PCC Secretary|| |---|---|---|---| ||Mrs Helen Hammond|St Alban’s PCC Member|Until 15thMay 2022| ||Miss Paula McInally|St Alban’s PCC Member|Until 15thMay 2022| ||Mr Edwin Simpson|St Thomas’s PCC Member|From 15thMay 2022| ||||| ||||| Names and addresses of advisers: Bank Lloyds Bank Investment CCLA Managers Lichfield Diocesan Board of Finance Independent Examiner Jonathan Hill FCMA CGMA Approved by the PCC on 24[th] January 2023 and signed on its behalf by: ………………………………………. ………………………………. Reverend Tom Fish (Acting Chair) Mr Clive Postle (Lay Chair) 7 **The PCC of Wednesfield Team Ministry** ## **Financial Statements for the Year Ended 31st December 2022** ## **Receipts and Payments Account** |||**Unrestricted**
**Funds**
**£**|
**Designated**
**Funds**
**£**|

**Restricted**
**Funds**
**£**|
**Endowment**
**Funds**
**£**|
**Total**
**Funds**
**2022**
**£**|
|**Total**
**Funds**
**2021**
**£**| |---|---|---|---|---|---|---|---|---| |**RECEIPTS**||||||||| |Donations and
Legacies|**4a**|73,013|--|4,794|--|77,807||79,367| |Income from Charitable
Activities|**4b**|15,419|--|--|--|15,419||12,877| |Income from
Investments|**4c**|15,606|--|855|--|16,461||12,367| |Church Activities|**4d**|28,143|--|--|--|28,143||7,921| |Other|**4e**|2,224|--|--|--|2,224||--| |||||||||| |**Total Receipts**||**134,405**|**--**|**5,649**|**--**|**140,054**||**112,534**| |||||||||| |**PAYMENTS**||||||||| |Raising Funds|**5a**|270|--|--|--|270||123| |Church Activities|**5b**|142,032|--|3,372|--|145,404||106,852| |Other|**5c**|-|--|-|--|-||-| |||||||||| |**Total Payments**||**142,302**|**--**|**3,372**|**--**|**145,674**||**106,975**| |||||||||| |**Excess of Receipts**
**over Payments**||(7,897)|--|2,277|--|(5,620)||5,559| |||||||||| |Transfer between
Funds|**8**|--|--|--|--|--||--| |||||||||| |||||||||| |||||||||| |||||||||| |**Cash at Bank and In**
**Hand at 1st Jan**|**6**|**50,350**|**5,819**|**13,113**||**69,282**||**63,723**| |||||||||| |**Cash at Bank and In**
**Hand at 31st Dec**|**6**|**42,453**|**5,819**|**15,390**||**63,662**||**69,282**| 8 ## **The PCC of Wednesfield Team Ministry** **Financial Statements for the Year Ended 31st December 2022** ## **Statement of Assets and Liabilities** |**Cash Funds**
**6**
Bank Current Accounts
CBF Deposit Accounts
Petty Cash
less Agency balances
**31**
**Total Cash Funds**
**Other Monetary Assets**_(due to PCC)_
Gift Aid Recoverable
Other
**34**
**Total Other Monetary Assets**
**Investment Assets**
**7**
CCLA Investment Fund_(at market value)_
Other Investments
**32**
**Total Investment Assets**
**Assets Retained for Church Use**
**8**
Freehold House and Land Next to St
Albans
Moveable furnishings & office equipment
**33**
**Total Assets Retained for Church Use**
**Liabilities**_(owed by the PCC)_
Diocesan Parish Share
Other
**35**
**Total Liabilities**|**Total 2022**
**£**||**Total 2021**
**£**| |---|---|---|---| ||||| ||33,213||45,232| ||32,702||40,461| ||40||40| ||(2,294)
||(16,452)| ||**63,662 **
||**69,282**| ||||| ||||| ||-||-| ||1,586||-| ||**1,586**||**-**| ||||| ||||| ||28,740||32,130| ||||-| ||**28,740**||**32,130**| ||||| ||||| ||162,000|
|162,000| ||8,247|
|8,247| ||**170,247**|
|**170,247**| ||||| ||||| ||0.00||13,859| ||2,502||1,554| ||**2,502 **||**15,413**| The notes on the following pages form part of these accounts 9 **The PCC of Wednesfield Team Ministry** ## **Financial Statements for the Year Ended 31[st] December 2022** ## **1. Notes to the Accounts:** The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis. All figures have been rounded to remove pence so there may be slight differences in totals. ## **2. Fixed Assets** Consecrated and benefice property is not included from the accounts by s.10(2)(a)&(c) of the Charities Act 2011. Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the Church’s inventory, which can be inspected (at reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Other tangible fixed assets are valued at cost. ## **3. Description of Funds** a. **Unrestricted Funds** are income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its “free reserves” as disclosed in the trustees’ annual report. b. **Restricted Funds** Comprise of two elements: i. income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest. ii. donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is not separate investment, interest is apportioned to individual funds on an average balance basis. c. **Endowment Funds** are restricted funds that must be retained a trust capital either permanently to subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts. 10 **The PCC of Wednesfield Team Ministry** ## **Financial Statements for the Year Ended 31st December 2022** ## **Receipts and payments** |Finance

|B
**RECEIPTS**|**4**|**Unrestricted**
**Funds**
**£**|
**Designated**
**Funds**
**£**|
**Restricted**
**Funds**
**£**|
**Endowment**
**Funds**
**£**|
**Total**
**Funds**
**2022**
**£**||Total
Funds
2021
£| |---|---|---|---|---|---|---|---|---|---| ||F||||||||| ||**Donations and Legacies**||||||||| ||**_Voluntary Receipts_**|**4a**|||||||| |**_1_**|Tax efficient planned giving||37,092||||37,092||37,302| |**_2_**|Other planned giving||6,810||||6,810||8,846| |**_3_**|Collections at services||8,993||||8,993||6,986| |**_4_**|All other giving and voluntary
receipts including special
appeals||4,113||4,794||8,907||11,926| |**_6_**|Gift Aid Recovered||12,292||||11,292||11,061| |**_7_**|Legacies Received||||||||| |**_8_**|Grants (recurring and one-off)||6,925||||6,925||3,243| ||||**73,013**||**4,794**||**77,807**||**79,367**| ||**_Income from Charitable_**
**_activities_**|**4b**|||||||| |**_9_**|Pop In||1,514||||1,514||476| |**_9_**|Fayres||1,710||||1,710||1,047| |**_9_**|Other Fundraising Activities||||||||| ||Church lettings objectives||3,292||||3,292||991| ||Fees for Weddings, Funerals,
BOA and memorials||8,903||||8,903||10,363| ||||**15,419**||||**15,419**||**12,877**| ||**_Receipts from Investments_**|**4c**|||||||| |**_10_**|Dividends||||855||||827| ||Rental Income||15,365||||15,366||11,532| |**_10_**|Bank Interest||241||||241||8| ||||**15,606**||**855**||**16,461**||**12,367**| 11 ||**_Church Activities_**|**4d**|||||||| |---|---|---|---|---|---|---|---|---|---| |**_11_**|Centre Grants||9,701||||9,701||| |**_12_**|Church Hall Hire||16,446||||16,446||7,921| |**_12_**|Centre Donations||1,986||||1,986||| |**_12_**|Centre Other Income||10||||10||| ||||**28,143**||||**28,143**||**7,921**| ||**_Other Receipts_**|**4e**|||||||| |**_13_**|Other||2,224||||2,224||| ||||**2,224**||||**2,224**||| |**A**|**Total Receipts**||**134,405**||**5,649**||**140,054**||**112,534**| |Finance Form
Box Number|**PAYMENTS**|**5**|**Unrestricted**
**Funds**
**£**|
**Designated**
**Funds**
**£**|
**Restricted**
**Funds**
**£**|**Endowment**
**Funds**
**£**|
**Total**
**Funds**
**2022**
**£**||**Total**
**Funds**
**2021**
**£**| |---|---|---|---|---|---|---|---|---|---| ||**Raising Funds**|**5a**|||||||| ||**_Costs of Generating Funds_**||||||||| |**_17_**|Stewardship Costs||||||||| |**_17_**|Costs of Fund Raising||270||||270||123| |**_17_**|Coffee Morning Costs||||||||| ||||||||**270**||**123**| ||**Charitable Activities**|**5b**|||||||| ||**_Church Activities_**||||||||| |**_18_**|Mission Giving and Donations||1,770||2,528||4,298||4,819| |**_19_**|Diocesan Parish Share||78,048||||78,048||66,512| ||Diocesan Parish Share Arrears
Paid||3,764||||3,764||| |**_20_**|Salaries and Wages||11,771||||11,771||10,543| |**_21_**|Clergy and Staff Expenses||1,726||||1,726||1,174| ||**_Church Expenses_**||||||||| |**_22_**|Church Expenses (Mission and Evangelism)||1,235||||1235||891| |**_23_**|Church Running Expenses (inc
Governance)||9,342||||9,342||18,208| 12 |**_24_**|Church Utility Bills||12,607||||12.607||2,617| |---|---|---|---|---|---|---|---|---|---| |**_25_**|Support Costs||1,677||845||2,522||| |**_25_**|Insurance||4,413||||4,413||| |**_25_**|Church Yard||393||||393||| |**_25_**|Centre Running Costs||4,925||||4,925||2,090| ||**_Major Capital Expenditure_**||||||||| |**_27_**|Major Repairs to the Church||||||||| |**_28_**|Major Repairs to Church Hall||10,300||||10,300||| ||Other PCC Property Upkeep||60||||60||| |**_29_**|New Building Work||||||||| ||||**142,032**||**3,372**||**145,404**||**106,852**| ||||||||||| |**_99_**|**Other Payments**|**5c**|||||||| ||Other Expenditure||||||||| ||||||||||| ||||||||||| ||||||||||| |**_C_**|**Total Payments**||**142,302**||**3,372**||**145,674**||**106,975**| 13 **The PCC of Wednesfield Team Ministry Financial Statements for the Year Ended 31st December 2022** ## **Notes to the Accounts** ## **5(a) Staff Costs** |**Staff Costs**||| |---|---|---| |Wages & Salaries
Average number of employees|**2022**|**2021**| |||| ||£11,771|£10,543| |||| ||6|6| During the year the PCC employed an organist, administrator, sexton, cleaners, and a Centre caretaker (all part-time) and no payments were large enough to attract social security costs. There were no employee benefits to key management personnel in the previous or current year. ## **5(b) Related Parties** One Trustee has been reimbursed £1,726 (2021 £1,174) for travel and phone expenses incurred during the year. One Trustee was paid £2,906 for administration work for one of the churches in the Parish, they resigned from their job in September 2022. No other expenses were paid to any other PCC member, persons closely connected to them or related parties. Donations from related parties (PCC members) during the year totalled £8,851 (2021 £8,687).. . ## **6 Cash at Bank and in hand (Cash Assets by Fund) – 2022** |Current Accounts
CBF Deposit
Account
Petty Cash
**Total bank and cash balances**
less Agency balances due
**Total**|**Unrestricted**
**£**|
**Restricted**
**£**|
**Endowment**
**£**|
**2022 Total**
**£**|
**Total**
**2021**
**£**| |---|---|---|---|---|---| ||21,549|11,664|--|33,214|45,232| ||26,683|6,019|--|32,702|40,461| ||40|--|--|40|40| ||**48,272**|**17,683**|**--**|**65,956**|**85,734**| ||--|(2,294)|--|(2,294)|(16,452)| ||**48,272**|**15,390**|**--**|**63,662 **|**69,282**| 14 **Cash at Bank and in hand (Cash Assets by Fund) - 2021** |Current Accounts
CBF Deposit
Account
Petty Cash
**Total bank and**
**cash balances**
less Agency
balances due

**Total**|**Unrestricted**
**£**
**Restricted**
**£**|**Unrestricted**
**£**
**Restricted**
**£**|
**Endowment**
**£**
**2021 Total**
**£**|
**Endowment**
**£**
**2021 Total**
**£**|
**Total**
**2020**
**£**| |---|---|---|---|---|---| ||21,688|23,545|-|45,232|28,230| ||34,442|6,019|-|40,461|35,453| ||40|-|
-|
40|40| ||**56,170**|**29,564**|**-**|
**85,734 **|**63,723 **| |||(16,452)||(16,452)|-| ||**56,170 **|**13,113 **|**-**|
**69,282 **|**63,723 **| |**7**|**Investments**||||||| |---|---|---|---|---|---|---|---| ||||||||| |||At 1st Jan
£|
Additions
£|
Disposals
£|
Transfers
£|
Change in
Market
Value £|At 31st
Dec
£| ||**Restricted funds**||||||| ||Educational Fund|32,130||-|-|(3,390)|
28,740| ||||||||| ||**Total**|**32,130**|
**-**|**-**|**-**|**(3,390)**|
**28,740**| ||||||||| ||||||||| _1,391 Investment fund shares are held with the CCLA._ ## **8 Fixed Assets** _The PCC owns land adjacent to St Albans Church (valued at £110,000 in October 2017), and a freehold property in Duke Street valued at cost of £52,000 in 1994._ _Rental income from the property in Duke Street and the land next to St Albans Church used as a parking lot until 2[nd] November 2022, is shown as income in these accounts._ _._ _Church Equipment comprises office equipment, including a photocopier._ ## **9 Debtors** |Gift Aid
recoverable
Other debtors
**Total**|**2022**|**2021**| |---|---|---| ||**£**|**£**| |||| |||-| ||2,502|-| ||**2,502 **|**-**| 15 ## **10 Creditors** |Diocesan Parish Share – all
cleared now!!
Agency balances
Other creditors
**Total**|**2022**|**2021**| |---|---|---| ||**£**|**£**| |||| ||-|13,859| ||2,294|16,452| ||2,502|1,554| ||**4,796**|**31,865**| ## **11 Net Assets** |Fixed Assets
Investments
Current Assets
Current Liabilities
**Total**|**Unrestricted**
**£**|
**Restricted**
**£**|
**Endowment**
**£**|
**2022 Total**
**£**|
**2021**
**Total**
**£**| |---|---|---|---|---|---| ||170,247|--|--|170,247|170,247| ||--|28,740|--|28,740|32,130| ||49,858|15,390|--|65,248|85,734| ||(2,502)|(2,294)|--|(4,796)|(31,865)| ||**217,603**|**41,836**|**--**|
**259,439**|**256,246**| ## **12 Summary of Cash Fund Movements - 2022** **----- Start of picture text -----**
Balance
Balance at at 31st
1st Jan Receipts Payments Transfers Dec
£ £ £ £ £
Unrestricted Fund 50,350 134,405 (142,302) - 42,453
Designated Funds
1 2,896 - - - 2,896
2 2,923 - - - 2,923
5,819 - - - 5,819
Restricted Funds
1 7,169 (845) (305) 6,019
2 1,215 855 305 2,375
3 900 900
4 3,827 4,794 (2,528) 6,094
13,113 5,649 (3,372) 15,390
Total Funds 69,282 140,054 (145,674) - 63,662
**----- End of picture text -----**
16 ## **Summary of Cash Fund Movements - 2021** |**Unrestricted Fund**
**Designated Funds**
1
2
**Restricted Funds**
1
2
3
4
**Total Funds**|**Balance at**
**1st Jan**
**£**|
**Receipts**
**£**|
**Payments**
**£**|
**Transfers**
**£**|
**Balance**
**at 31st**
**Dec**
**£**| |---|---|---|---|---|---| ||||||| ||**46,976**|**107,946**|**(104,571)**|**-**|
**50,351**| ||||||| ||2,896|-|
-|
-|
2,896| ||2,923|-|
-|
-|
2,923| ||**5,819 **|**-**|
**-**|
**-**|
**5,819 **| ||||||| ||7,140|29|-|-|7,169| ||822|798|(405)||1,215| ||900||||900| ||2,065|3,762|(2,000)||3,827| ||**10,927**|**4,589 **|**(2,405)**|**-**|
**13,111**| ||||||-| ||**63,723**|**112,534**|**(106,975)**|**-**|
**69,282**| Designated Fund 1 St Albans Deposit fund Designated Fund St Thomas funds for Flowers in memorium, choir and 2 Wednesfield in Bloom Restricted Fund 1 St Thomas Organ Fund Restricted Fund 2 St Albans dividends from Education Fund Restricted Fund 3 St Albans Eco Church Improvements Restricted Fund 4 St Albans Ashmore Park Pantry 17 |**The PCC of Wednesfield Team Ministry**|**The PCC of Wednesfield Team Ministry**|**The PCC of Wednesfield Team Ministry**|||||| |---|---|---|---|---|---|---|---| |**Financial Statements for the Year Ended 31st December 2021**|||||||| ||||||||| |**Receipts and Payments Account**|||||||| ||||||||| ||||||||| |||**Unrestricted**
**Funds**
**£**|
**Designated**
**Funds**
**£**|

**Restricted**
**Funds**
**£**|
**Endowment**
**Funds**
**£**|
**Total**
**Funds 2021**
**£**|**Total**
**Funds 2020**
**£**| |**RECEIPTS**|||||||| |Donations and Legacies|**4a**|75,606|-|3,762|-|79,368|81,263| |Activities for GeneratingFunds|**4b**|1,523|-|-|-|1,523|8,052| |Income from Investments|**4c**|11,540|-|827|-|12,367|13,688| |Church Activities|**4d**|19,277|-|-|-|19,277|13,964| |Other|**4e**|-|-|-|-|-|-| ||||||||| |**Total Receipts**||107,946|-|4,589|-|112,535|116,967| ||||||||| |**PAYMENTS**|||||||| |RaisingFunds|**5a**|123|-|-|-|123|-| |Church Activities|**5b**|104,448|-|2,404|-|106,852|123,179| |Other|**5c**|-|-|-|-|-|199| ||||||||| |**Total Payments**||104,571|-|2,404|-|106,976|123,378| ||||||||| |**Excess of Receipts over**
**Payments**||3,375|-|2,184|-|5,559|(6,411)| ||||||||| |Transfer between Funds|**8**||||-|-|| ||||||||| |||3,375|-|2,184|-|5,559|(6,411)| ||||||||| |**Cash at Bank and In Hand at**
**1st Jan**|**6**|46,976|5,819|10,927|-|63,723|70,134| ||||||||| |**Cash at Bank and In Hand at**
**31st Dec**|**6**|**50,351**|**5,819**|**13,111**|**-**|**69,282**|**63,723**| ||||||||| 18