Annual Report and Financial Statements of the Parochial
Church Council of The Parish of Wednesfield
st
For the year ended 31 December 2023
Registered Charity Number: 1137018

DIOCESE OF
l.jil LICHFIELD
The Parochial Church Council of The Parish of Wednesfield
st
Trustees, Annual Report for the year ended 31 December 2023
Charity re8lStration number.. 1137018
Ob'ectives and Artivities
The PCC is committed to serving the local community with God's love and with enablin8 a5 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 paTish and makes suggestions on how our services can involve the many groups that live within our
parish. Our services and worship put falth into practice through prayer and scripture, music, and sacrament.
Each of the district churches manages its own objective5 and activities within the terrns 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.
Public Benefit
The trustees of the PCC are aware of the Charity Commission's guldance on public beneflt 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
Ipastoral, evangelistic, social, and ecumenicall more effectively, within the Ecclesiastical Parish, and that in doing so it provides a
benefit to the public by:
Providing facilities for publlc worship. pastoral care. and spiritual. moral, and intellectual development. both for Its
members and for anyone who wishes to benefit from what rhe Church offers,. an
Promoting Christian value5 and service by member5 of the Church in and to their communities, to the benefit of individuals
and society.
Growth is a prlorlty for both churches In the Parish.
Achievements and Performancè
Durin8 2023, the PCC Working through the DCCS achieved the following..
The contlnuance and development of the worship Ilfe of the churches durlng the vacancy for Team Rector under the
ministry of Revd Derek D'souza linterim minister at St Thoma5, Until September 20231, Revd Tom Fish (Team Vicar at St
Alban'51 and Licenced Lay Minister Terry Braithwaite, with active involvement from retired cler8y and members of the
congregation authorised by the Bishop.
The provision of pastoral and spirltual support beyond the congregation. particularly through extensive ministry In
baptisms, marri38e5 and funerals, with continued support to bereaved families and individuals through rnemorial services
Iboth those run directly by the churche5, as well as in partnership with local funeral directors) and Social activities for those
newty alone
Continuing to rebuild the life of the churches following the Covid-19 pandemic, with several successful social events and
major services as well as regular social and outreach activities.
Continued provision for online engagement, including live-streaming of most services at St Thomas's Church
Stren8thening links to local primary schools, throu8h provision of regular Collective Worship at St Alban's and St Thoma5'5
School, and occasional worship and class events with other schools. School 5ervice5 a150 started to
The continued and operation of the Ashmore Park Foodbank, and the launch of the St Alban's Community Project to make
use of the parish-owned land adjacent to St Alban's Church for community purposes.
Page 2

Revlew of the Year
The Parlsh Profile and Peison Specification for the position of Team Rector were completed and approved in January. 4 rounds of
advert15ing in the Church Times took place over the course of the year. but no applications were received. In the autumn we started
to raise awareness of the position in social media and the local press, receiving active support from local councillor5 and significant
online eneagement.
Rev Derek D'sousa's appolntment as Interim Minister at St Thorras, wa5 renewed in February and May, but finally came to an end
in September. Revd Derek ha5, however, very kindly continued to provide cover for some services on a voluntary basls. Anticipating
Revd Derek's departure. the Bishop of Wolverhampton gave permission for the Lay Reader and two ehurchwardens at St Thomas's
to conduct services of Holy Communion by extension, which has allowed the Eucharistic ministry at both churches to continue
uninterrupted.
In May, the churches marked with Kin¥5 coronation with a live showing at St Alban's, and a packed celebration lunch the following
day at the St Thomas's Centre. The Ashmore Park Choir held well-attended concerts at both churches- in June at St Alban's, and
December at St Thomas's- under the leadership of its new musical director. Several successful fayres and table-top sales were held
by both churches, generating funds and providing engagement with the local eommunitv.
In the autumn. the annual Remembrance Servio at St Thomas'5 returned to it5 forrner size, and at St Alban's the local Brownle and
Gulde groups held a new and very well-attended Remembrance parade followed by a service in church. Memorial service5 for
bereaved families
At Christmas, both church schools held packed se¥vices in our respective churches, and three schools took part in an outdoor carol
service for the town's lights switch-on event.
Following the closing down in Nov 2022 of Ashmore Autos, who for several year5 had rented the land next to St Alban's Church. the
PCC approved exploring a plan, known a5 the.st Alban's Community Project" to make the land available as a base for local charities
and social enterprises that support the local community. The first of these. Caring Hearts. renovated the former sales office and
opened for business as a charity shop in February. In order to provide income while the project Is developed, the PCC in March
agreed to rent most of the rest of the site to some car Importers on a short-term contract.
The team's ministry continued to be in high demand for funerals acr055 the parish. The majority of these have been at the
crernatorium, but we have also had a si8nificant number at Thomas's, and a few at St Alban's. St Thomas's Church was also in
demand for weddin85, Wlth 8 taking place there over the course of the year, and St Alban's hosted a Marriage Preparatior5 course
on behalf of the Deanery. The numbers of baptisms declined sharply from the post-covid high of 2022.
At St Alban's. the focus on prayer and discipleship was expressed In a new weekly prayer gatherln& and running the Christianity
Explored course for the first time in the Autumn.
A number of significant maintenance and improvemertt projerts t¢)ok place On the St Alban's Church buildin& Includir￿ repainting
the ourdoor cross and re-rendering the wall behind it, and starting to light it again at night as a visible sign to the local community
of the church's presence. The main front doors, highlighted as in poor repair in two quinquennial reports, were replaced with
attractive and better insulated UPVC doors. Following an act of vandalism in the summer, in which the stage curtains were torn
down, the DCC agreed to replace them with movable screens, so that the cross and banners bèhind the stage rernain visible
throughout the week as a witness to those who come into the building for social and community activities.
Futurè Plans
At St Thoma5'5, 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.
st Alban's is still in a phase of consolidation and re-focus, following the leadership disruption that took place in 2022. Discipleship
and prayer remaln high prioritie5, as well as increasing the number of people involved in ministry of different kinds.
Page 3

Flnancial Review
PCC of Wednesfield Team Ministr
Net Total Assets.. £448,7281£63.662 20221
Deficit.. I£10.0631- Unrestricted Deficit1 £8,881) Restricted deficit l£1,1821 IDeficit1£5,620120221
The land adjacent to St Albans Church has been introduced into the account5 in 2023 so that the Trustees are able to see the full
consolidated position for the whole of the year. The value introduced was £121,449. The income and expenditure for the Land 15
split 50150 between St Albans and St Thomas. This will now be revalued on an annual basis using thè Nationwide Index valuation.
The Land was valued at EIIO,000 in 2017 consequently 2% per year has been added from 2017 to 2022 resulting in a value of
£121,449. This value has been introduced. The revaluation as of 31 December 2023 is £117,992 a reduction of -2.85%.
The Freehold house at Duke Street was introduced into the accounts in 2023 so that the Trustees are able to see the full
consolidated position for the whole of the year. The value introduced was £238.464 into Duke Street Endowrnent fund. The
Income and expenditure for thi5 asset is split 50150 between St Albans and St Thomas. This was purchased in 1994 at a cost of
£52,000 and has been revalued using Nationwide House PTice index as at 31 December 2022 for the introduction value. The
revaluation a5 Qf 31 December 2023 is £231,676. a reduction of -2.85%.
The funds held by the Diocese on behalf of the parish In the Interior Decoration Scheme were Introduced into the accounts in
2023 so that the Trustees are able t9 See the full Consolidated picture of their assets. These funds èrnounted to £6,349.
The PCC of Wednesfield Team Ministry decided to use the Bookkeeping Service provided by Lichfield Diocesan Finance for the
Parish account and preparation of year end accounts in 2023.
Thanks go to Steve and Barry for their continued work keeping St Albans and St Thomas accounts up to date.
Albans..
Net Total Assets.. £58,3721£41,677 20221
Deficit/EKcess- IE14,7491 Unrestricted Deficit1£4,4571 Designated deficit1£9,0851 Restricted Deficit l£1,2061 IExcess £8,378 20221
The CCLA investment CB3028032 has been introduced into the accounts in 2023 50 that the Trustees are able to see the full
consolidated position for the whole of the year. The value introduced was £28,740 into the restricted Education Fund. This
accounts for the increase in the Net Total Assets. It was revalued as of 31 December 2023- £31.443.97. using the staternent
Supplied by CCLA.
Overall income has increased slightly from £65,547 in 2022 to £65,707 in 2023 with the main increase being Foodbank donations.
We have seen reductions in Gift-aided planned giving via the bank 0101 and correspondingly in the tax recoverable on Gift Aid
0601. and also in income from Duke Street, due to higher repai¥ and maintenance costs. All other areas have remained Static.
Expenditure also increased from £57,168 in 2022 to £80,456 in 2023 with the rnain contributor being Major repair5 2701 £12,777,
together with higher Church Utility Bills 2440 of £5.976. The common fund request has been paid in full again. Foodbank costs
increased from £2,502 in 2022 to £8,606 in 2023, reflecting much higher demand and also some costs associated with moving the
storeroom to the Comrnunity Project site.
Page 4

St Thoma5'.
Net Total Assets.. £30,8811£18,158 20221
Excess- £4,566 Unrestricted Excess £4,566 IDeficit- I£10.653120221
The Increase in the net total assets looks like the CCLA deposit account had not been updated for some time. That has now been
rectified and the balanee as at 31 December 2023 is now Showing the correct balance.
The overall income has increased from £57,972 in 2022 to £66.817 In 2023, due malnly to increased Gift alded givlng via Bank
0101, income from Fayres thai weie not possible in 2022 due tts Covid restTlCtions, and increased fee5 due to a larger number of
weddlngs. In common with St Alban's there were redtjctions in Duke Street rental 1032.
Expenditure has decreased from £68.625 in 2022 to £62.251 in 2023. The r￿Llre that stands out is the common fund request 1910
£45,092 in 2022 and £36,718 in 2023. This will be due to a mis post in 2022 of £8.000 so we can assume that the expenditure
really remains on par with 2022. 1 wlll of course Investlgate thls anomaly in 2024 to ensure that the flgures are correct within the
software.
St Thomas Churth Centre-
Net Total Assets." £4,5161£4.43120221
Excess- £85 Unrestricted excess1£851 IExcess £1,442 20221
Income and expenditure both show lar8e reduction5 a5 2022 included over £10,000 on major repairs, largely covered by a one-off
grant. On the plus side there has been an increase in the Centre lettings from £4.970 2022 to £7,354 2023. which covered the
substantial increases in utility bills and other running costs.
Parish Office..
Net Total A5sets.' £373,94011£569120221
The land adjacent to St Albans Church has been introduced Into the accounts in 2023 so that the Trustees are able to see the full
consolidated posltion for the whole of the year. The value introduced was £121,449. The income and expenditure for the Land is
split 50150 between 5t Albans and St Thomas. Thls wlll now be revalued on an annual basis using the Natlonwide Index valuation.
The Land was valued at £IIO,000 in 2017 consequently 2% per year has been added from 2017 to 2022 resulting in a valuè of
£121,449. This value has been introduced. The revaluation as of 31 December 2023 is £117,992 3 reduction of -2.85%.
The Freehold house at Ouke Street was introduced into the a¢¢ounts in 2023 so that the Trustees are able to see the full
consolidated position for the whole of the year. The value introduced was £238,464 into Duke Street Endowment fund. The
income and expenditure for this asset is split S01SO between St Albans and St Thomas. This was purchased in 1994 at a cost of
£52,CK)O and ha5 been revalued using Nationwide House price index as at 31 December 2022 for the introductlon value. The
revaluation as of 31 December 2023 Is £231.676, a reductlon of -2.85%.
Thi5 accounts for the increase in the Net Total Assets.
All of the Income and expendlture Is shown through the Agency accounts. Weddings and Funeral payments are received into the
Parish account and disbuTsed monthly to LDBF A5518ned fees, St Albans, St Thomas, Verger, Or8ani5t etc.
Reserves Poll
It is PCC policy to try to maintain a balance on free re5erve5 (net current assets) which equate5 to at least three months
unrestricted payment5. Each church will identify their own figure based on its expenditure. Ideally the reserve will be held in a
designated fund on the Statements of Assets and Liabilities. However. for the purposes of this report we have quotèd the target as
a whole. Three months unrestrlcted expenditure is equlvalent to £32,4661£35,575 20221. It Is held to smooth out fluctuations in
cash flow and to meet emergencies. The balance of the free reserves at the year-end was £38,9731£42,454 20221. This is slightlv
higher than the target but unevenly spread among the parts of the charity- much higher reserves at St Thomas's Church and
Centre than at St Alban's.
Page 5

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.
Investment Polic
The charity is granted power to invest in suitable investments under the PCC Powers Measure 1956 and the Trustees Act 20(M). As
charity. the Trustees have a duty of care to take such advice as is appropriate before investments are undertaken. This advice is
Sought from the Central Board of Finance ICCLAI in London.
The charl￿5 investment policies are based on two key principles'.-
Ethical Investment-thi5 includes ensuring that investments are held in cornpanies which have high Standards of corporate
governance and act in a responsible way towards stakeholder5.
Long-term responsibilities
the trustees are aware of their long-term responsibilities in respect of the Restricted and
Unrestricted reseNes and as a result follow a prudent approach to investment decision5.
Investment policy for Ion8-term funds is aimed primaiiiy at generating a sustainable income, wlth due regard to the need for the
preservation of capital value, and the possible need to realise investments to meet operational needs. The charity doe5 not have
policy of generating income at excessive or high risk- known as 'purchasin8 income" where hi8h returns are guaranteed at the
expense of capital.
In summary. the charity has an overall poll¢y to maximise incorne whlle preserving the real value of Its funds. Due to the nature of
the charlty. an ethlcal Investment pollcy Is taken Into consideratlon when investments are made..
The charity follow% the Ethical Investment Advi50ry policy as recommended by the Lichfield Diocese which includes the following..
"We aim to invest in companies that..
will develop their business in the interests of shareholders,.
dernon5trate responsible employment practices..
are conscientious concerning issues of corporate governance, the environment and human right5..
are sensitive to the community in which they operate."
Planned 8ivin8, collections and donations are the main source5 of fund raisin8 along with tax re¢overable.
Safe
uardln
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).
Re
ortin
Serious Incidents
A Serious Incident is an adverse event, whether actual or alleged, which results in or risks significant harm to the charitV5
beneficiaries, employees, office holders, volunteers or to others who come into contact with the charity through its work, loss of
the charlty's money or assets, damage to the charlty's property or harm to the charity's work or reputation.
The trustees are n(It aware of any Seriou5 Incidents in the last year
Fundralsln
Thè PCC takes it fundraising responslbillties seriously and is very grateful to all donors-wheiher regular or occasiona5 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 or8anisations or profe55ional fundraiser5. All money raised is either by donations,
fundraising events, special appeals or legacies for which the PCC are most 8rateful.
Volunteers
The members of the PCC would like to thank all the 110 volunteer5 who work so hard to make our Church a lively and vibrant
community. In the context of this report, our especial thanks 80 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 finance5.
Rlsk Mana
ement
The Church Wardens carry out regular Health and Safety Reviews and regularly inspect prernise5 for potential hazards. We have
safeguarding policies in place for child protection and for work with vulnerable adults. including rigorous DB5 checking of staff and
Page 6

volunteers. Our insurances are reviewed annually to ensure adequate cover. An informal review of any new risks which may
irnpact the work of the Church in the Parish is ongoing.
structurè Governante and Mana
ement
The PCC is a Body Corporate established by the Church of England IPCC Power5 Measure 1956, and the Church Representation
Rule5 20061 and 15 a Charity registered with the Charity Commission. The PCC is governed by the Parochial Church Council Powers
nd
Measure119561 as amended that came into effect on 2 January 1957, and the Church Representation Rules ICRRI120201, and bv
the Wednesfield Team Instrument of Governrnent IWTIGI 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 v4ho are elected at the Annual Partrchi81 Church Meeting, by those on the Electoral Roll.
Members of the conEregation are always urged to join the Electoral Roll, and to stand for electlon to the PCC.
The PCC mernbers are responsible for making decisions on all matters of general concern and importance in the parish, and for all
financial matters. The PCC meets 34 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 report5 back to the PCC with the minutes of their rneetings, directly or
through DCCS.
The following policies are in place..
Safeguarding
Health and Safety with accompanyin8 Risk Assessments
Expense5 for clergy and ministers
Lone working
Vicar and Wardens account (This is a fund for those In need In the Parishl
Bapt15rn policy
General Data Protection Regulation
Social Media
Parish Fees Policy
Related Parties
Donations from Related Parti
Donations from related parties116 PCC Mernbersl during the year totalled £13,4351£8,85120221. All these donations were
received without condition5.
Remuneratlon
a5d to Trustees
One Trustee, S Crosby, is employed by the PCC and has been paid £10,847. The payments attracted social security costs of £242
pension payments of £138 were made. An anonymous donation was made to Lichfield Diocesan Board of Finance to pay this
Salary. Neither the income nor the expenditure is shown in the PCC of Wednesfield Team Ministry 2023 accounts. No other
trustee has been paid any remuneration or received any other benef￿ from employment with the PCC.
enses aid to Trustees
One trustee wa5 reimbursed £3961£1,726 20221 for travel and subsistence during the year.
Reference and Admlnistrative Details
Charity Name.. The Parochial Church Council of The Parish of Wednesfield
Other names the charity is known by: NIA
Registèrèd Charity Number.. 1137018
Charitvs principal address: The Parish Office St Thomas Church, Church Street Wednesfield WVII ISS
Corre5pondente address.. The Parish Office St Thomas Chuich, Church Street Wedne5field WVII ISS
Webslte address: www.wednesfieldteam.org.uk.
Page 7

PCC Members: Who Served from l January 2023 to the date thi5 report was approved
Trustee name
Offlce {rf any)
Dates acted If not for whole
period
Ex-offlclo
Revd. Tom Fish
Tearn Vicai/chairperson
Parish WardenlDiocesan Synod
Parish WardenlLay Minister
District Warden St Thornas
Clive Postle
Terence 8raithwaite
Lucy Smith
District Warden St Thomas
Until ADCM 14Th May 2023
Barry Bishop
Tracy Yate5
District W3rden/DCC TreasureT St Alban
District Warden St Alban
From ADCM 30 April 2023
Untll ADCM 21" April 2024
Until ADCM 14, May 2023
Chris Hopè
Brran Daybell
Deanery Synod
Deanery Synod
Deanery Synod
Deanery Synod
DCC Secretary St Thomas
DCC Secretary St Thomas and
Distrirt Warden St Thomas
Derek Bennett
Until ADCM 30 April 2023
Frorn ADCM 14, May 2023
Until ADCM 14, May 2023
From ADCM 14, May 2023
From ADCM 28, April 2024
Margaret O'Call88han
Jan Posile
Laurence Fletcher
Steve Lawley
8ethanie Craddock
DCC Treasurer St Thoma5
DCC Secretary St Alban
From ADCM 20, Aprll 2023
Until ADCM 21" April 2024
From ADCM 21" April 2024
Deborah Dale
DCC Secretary St Alban
Elerted
Jenny Hickman
Susan Vaughan
PCC Secretary
st Thomas
Frorn ADCM 14, May 2023
From ADCM 14, May 2023
Gwen TurneT
St Thomas
Edwin Simpson
Norma Thompson
David Craddock
St Thomas
St Thomas
St Alban
Samantha Crosby
Rachel Warner
St Alban
From ADCM 14, May 2023
Resigned Il, July 2023
St Alban
Bank
Lloyds Bank PLC
Church Street, Wednesfield WVII ISS
Investment
CCLA
Manager5
l Angel Lanè London EC4R 3AB
Page 8

Independent
Examiner
jonathan Hill
Llchfield Diocesan Board of Finance
St Mary5 House, The C105e. Liehfield. WS13 7LD
Approved bythe PCC on 2310512024 and si8ned on bts behalf by..
d Tom Fish IActirE Chairl
Mr Clive Po
y Chairl
Page 9

Independent Examinerfs report to the trusteeslmembers of The PCC of The Parish of Wednesfield
Registered charity number.. 1137018
I report on the account5 for the year ended 31* Decernber 2023 which are set out on the followlng pages.
ibilities of the Trustees and Inde
amin
The charitV'5 trustees are responsible for the preparation of the accounts. The charity'5 trustees consider
that an audit 15 not required for this year under Section 144 of the Charities Act 2011 (the Charitres Act) and that an independen
t examination is needed.
It is my responsibility
to examine the accounts under sectlon 145 of the Charities Act,
io follow the procedure5 laid down in the General Directions given by the Charity Commission
Iijnder Section 1451Sllbl of the Charitie5 Act, and
to state whether particular matters have come to my attention.
Basls of Inde
endent Examiner's Statemènt
My examination was carried out in accordance with the General Directions given by the Charity Cornmission. An examination
includes a review of the ac¢ountin8 records kept by thÈ charity and a comparison of the accounts presented with those records.
It also include5 consideration of any unusual items or disclosures in the accounts and seeking explanation5 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 fairf view and the report is limited
to those matters Set out in the statement below.
Inde
endent E
mineT'S Statement
In connection wyth my examination, no rnaterial matters have come to my attention which gives me cause to believe that
in any material respect..
ac¢ountin8 record5 were not kept in accoTdan¢e wlth section 130 of the Charities Act or
the accounts do not accord with the with the accounting records
I have come acr055 no other matters in connection with the exarnination 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 WS13 7LD
Date..
Page 10

The Parish of Wednesfield Team Minist
Notes to the Financlal Statements
For the year ended 31" December 2023
Accounting Policies
The Financial statements of the PCC have been prepared in accordance with the Church Accounting Regulation5 2006 using the
Receipts and Payments basis.
There May be minor discTepancies in the totals as the pence are not being shown.
Going Concern
There are no material uncertainties relate to events or condltlons that cast significant doubt on the charitvs ability to continue as
going concern.
Prlor Year Errors
No material prior year errors have been identified in the reporting period
Description of Funds
Unrestrlcted 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 it5 "freé reserves. as disclosed in the trustees. annual report.
An explanation of purpose of each Designated fund are as follows
Building-st Albans Buildin8 Fund
Choir St T- St Thomas Choir fund
Flower St T- St Thomas Flower Fund
In Bloom St T- St Thomas Wedne5field in Bloom
Mernorium St T- St Thomas in Memorium
Restricted funds comprise of two elements :_
al income from trusts or endowments which may be expended only on those restricted object5 provided in the terms of the
trust or bequest
bl donations or grant5 received for a Specific object or invited by the PCC for a speclflc object. The funds may only be
expended on the specific object for which they were given. Any balance remaining unspent at the end of eèch year must
be carrled forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no
separate investment, Interest Is apportloned to Indlvldual funds on an average balance basis.
An explanation of purpose of each Restricted fund are as follows..
Decoration- IDS decoration Scheme for Wicarage's held with LDBF
Eco-Church- Eco-church Improvements
Education- St Albans Education Fund
Foodbank- For the Ashmore Park Foodbank
Orean St T- For the upkeep of St Thornas Organ Fund
Page 11

Endowment funds are restricted fund5 that rnUSt be retained as trusl capital either permanently or subject to a dlscretionary
power to spend capital as incomè, and where the use of any income or other benefit derived from the capital may be restricted or
uniestricted. Full details of all their restrictions are shown in the notes to the accounts.
An explanation of purpose of each Endowment fund are as follows..
Duke Street- Freehold house In Duke Street.
Land- Land adjacent to St Albans Church
Income, and any expenses. from thesè propertie5 15 pr¢xessed in the Parish Account and then divided equally between the two
churches. The total Income and expenses for each property were..
Duke Streèt
Net rent from letting agency
Maintenance
Insurance
Net Income to PCC
2023
6,066
2,040
346
3.680
2022
6,411
321
6.0
Land
Rent from Cornmunity Project
Rent from Car dealers
Insurance
Net Income to PCC
1.800
5,000
180
6,620
6,750
180
6,570
Fixed Assets
Consecrated and benefice property is not included irn the accounts by s.1012llal&lCI of the Charitie5 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 lat any reasonable timel. For anythin8
acquired prior to 2000 there 15 insufficient cost information available and therefore such assets are not valued In the financial
statements.
The property in Duke Street is revalued on an annual basis using the Nationwide House price index. The Land adjacent to St
Albans Church 15 revalued on an annual basls uslng the Nationwide House price index
Imiestments
Investments in quoted shares, traded bond5 and similar investments are valued initially at cost and subsequently at markel value
at the yeai end. Investments held for re-sale are treated as current asset investments.
Page 12

The Parfsh of Wedne5Aieldyeor ending 2023
Recelpts and Payments Account 2023
Unrestricted Designated
funds
funds
Restricted Endowment
funds
funds
Total
Prlor year
funds total funds
Receipts
Donations and legacies
Income from charitable activitie5
OtheT trading artivities
Investments
Other income
Total receipts
76,298
16,317
21,980
11.625
3,848
130,069
6,963
83,261
16,317
21.980
12,485
7.104
141,148
77,807
15,419
28,143
16,461
2,224
140,054
859
64
7.886
3.192
3,192
Payments
Raising funds
Expenditure on charitable activities
Total payments
518
129,347
129*64
518
150,693
151.211
270
145,404
145,674
12,278
12.278
9,068
9.068
Excess of recelpts over payments before
transfer
205
19,0861
11.1821
110,0631
15.6201
Transfers
Gross transfers between funds- in
Gross transfers between funds out
Excess of receipts over payment5 before
other gains I losses
Revaluation of chariws assets
Net M9￿Ment in funds
11,108
11.108
111,1081
110,0981
111,1081
110.9031
2.022
11.1821
15,6201
7,422
13.4811
245
2,267
37.7911
36.612
349,668
349.668
395,129
385.031
15,6201
All assets at 01 January 2023
42.454
SA20
15.388
63.662
69.282
All assets at 31 December 2023
38,973
8,086
52.000
349.668
448,728
63.662
Represented by
Unrestrirted
General Fund
38,973
38.973
42.454
Designated
St Alban5 Building Fund
St Thomas Choir Fund
St Thomas Flower Fund
St Thomas In Memorium
St Thoma5 Wed In Bloom
4,918
198
loo
2,625
245
4,918
198
100
2,625
245
2,897
198
IOD
2.625
Restricted
Ashmore Park Pantry
Decoration IDS LDBF
Ectrchurch Improvements
St Albans Education Fund
St Thomas Organ Fund
4.539
6.350
900
34.192
6.019
4,539
6,350
900
34,192
6,019
6,094
900
2,375
6,019
Endowment
Freehold House In Duke Street
Land Adjacent To St Albans Church
231,676
117.992
231,676
117.992
Page 13

The Pfjnsh OA Wednesfieldyeor ending2023
Statement of a55ets and liabllitle5 2023
General Designat￿ Restricted Endowment
This year
Last year
Fixed a$5ets- Investments
CCLA ICBFI - St Albans Educational Fund
Totals
31,444
31,444
31,444
31,444
Flxed assets- Tanglble assets
Freehold House in Duke Street-
Land Adjacent to St Albans Church-
Totals
231.676
117,992
349.668
231.676
117.992
349,668
Current assets- Cash at bank and in hand
Lloyds current account- PCC Account-
Lloyds Current- St A-
Barclays Current- St A-
Centre Barclays current account-
Lloyds Current- St Thomas
Cash in hand- St Thomas-
Lloyds Main - St Thomas-
CBF Deposit- St Thomas-
CBF Deposit- st A-
IDS De¢oraiitsn Ac¢ount 101-
IDS Decoration Account 102-
15701
6,706
1,356
8,187
787
16,916
1,304
2,375
20.655
4.431
333
40
4,105
14.135
18,567
2.022
4,517
4.517
22
7,212
13.970
7,116
22
7,703
23,157
10,012
2.573
3,777
69.463
490
6.019
3.168
2.897
2.573
3,777
22,403
Totals
38.973
8,086
65.955
Llabllltles- Agency accounts
Agency collections-
1,847
1.847
1,847
1.847
2,294
2.294
Totals
Grand ttstal
38,973
8.086
52.000
349.668
448.728
63.662
Statement of assets and liabilities 2022
General Deslgnated
Restricted Endowment
2022
2021
Current assets- Cash at bank and in hand
Lloyds current account- PCC Account-
Barclays Current- St Thomas-
Centre Barclay5 current account-
Lloyds Current- St A-
Barclays Current- St A-
Lloyds Current- St Thomas-
CBF Dep051t- St A-
CBF Deposit- St Thomas -
Lloyds Main - St Thomas-
Cash in hand- St Thomas-
15701
1.874
1,304
17,844
9,056
2,989
2,364
12,644
333
18,326
22,135
4.431
4,431
2,375
20,655
333
18.567
14,135
4.105
40
65,955
2,375
6,959
13.706
333
15,671
4,948
3,650
40
42.454
2,897
3,168
6,019
455
40
85,733
Totals
5A20
17,681
Page 14

Llabilities- A8ency accounts
Agency collections-
2.294
2,294
2,294
2,294
13,822
13,822
Toials
Grand totsl
42,454
5.820
15,388
63.662
69,282
Analysi5 of receipts and payments 2023
Total
ear
Unrestricted Desi
nated
Restricted
Endowment This
Last
ear
INCOME AND ENDOWMENTS
Donations and legacies
Gift Aid planned giving- via bank
Gift Aid- Bank
Planned giving- envelope5
Gift Aid- Envelopes
Other planned giving
Loose plate Collections
Donations at TLC & Messy church
Donations to Foodbank
One-off donations- Churth
members
One-off donatlons- church members
One-off donations- external
Tax recoverable on Gift Aid
Non-recurrin8 one-off 8rant5
Other funds generated
10,350
14,789
4.525
9.886
5,934
8,233
702
10.350
14,789
4,525
9,886
5.934
8,233
702
6,963
300
11,920
10,677
4,576
9,919
6.810
8,993
720
4,794
6.963
300
4,039
3,393
10,586
4,039
3,393
10,586
520
659
11,292
625
6,300
77,807
3,562
76.298
3,562
83.261
Total
6,963
Income from tharltable actlvltles
Pop-in
Fayres
Fees for weddin8s, funerals, BOA
and mern
Church hall lettings- objectives
1,399
1.818
10,390
1.399
1,818
10,390
1,514
1,710
8.903
2,710
16,317
2.710
16.317
3.292
15,419
Total
other trading activities
Fayre5
Community Project
Centre LettinES
Church hall lettings- fund raising
Centre Donations
Centre Grant5
Centre Other Income
1,858
1.000
7,354
10,500
1,224
45
1.858
I,(x)o
7,354
10.500
1.224
45
4,971
11,476
1.986
9,701
ID
28,143
Total
21,980
21.980
Page 15

Investments
Dividends
Bank and buildinE society interest
Rent from lands or buildings
Car Lot Rental - Rl Auto Ltd
Car lot rental
Duke St rental
B&W Ltd
859
859
1.617
1.350
1.286
2,535
4,713
125
12,485
855
241
1,617
1,350
1,286
2,535
4.713
125
11,625
4,050
4,050
7,265
Total
859
16.461
Oiher Intome
Insurance claims
Other income
3,192
64
3,256
3,848
7,104
141,148
3,848
3.848
130.069
2.224
2.224
140.054
Total
INCOME TOTAL
3.192
3,192
64
7,886
EXPENDITURE
Raising funds
Costs of fetes & other event5
518
518
518
518
270
270
Totsl
Expendlture on charitable artivities
Mission Giving and Donations
LDBF Comrnon Fund
Assistant staff costs
Salaries and Wages
Salary of parish adminlstrator
Vicar's expenses
Vicarège eKpenses
Vicar'5 telephone
Clergy and staff education and
training
Mission. discipleship and evangelism
cos
Children, youth and families work
C05t5
Discipleship materials and artivitie5
Outreach acrivltles
Foodbank costs
Pastoral needs
Church Running Expènses
Church running- insurance
Church offite- telephone
Organ / piano tuning
Church maintenance
Church supplies
Cleaning
Upkeep of services
2,466
73,438
840
1.996
10,064
1,015
280
566
2.466
73.438
840
1,996
10,064
1,015
280
566
1,770
81,812
2.235
5.080
4.456
685
450
528
63
113
113
96
362
486
848
1,124
458
263
458
263
8.582
271
35
2,528
1,104
253
4,413
972
297
2.714
517
1,082
206
8.582
153
4.775
I,ooi
412
4.519
340
924
215
153
4.775
412
4,519
340
924
215
Page 16

AV and music equlprnenr, supplies
and lic
Upkeep of churchyard
Memorial costs
Administration
Church utility bills
Centre Runnrn@- salaries
Centre Running- electricity
Centre Running- ga5
Centre Running- Maintenance
Centre Running- water
Centre Running- busine55 rate5
Centre RunninÉ- other expendituie
Governan￿ costs examinationlaudit
fee
Major repairs and improvements to
church
Centre Major Repairs
Other PCC property upkeep
725
725
513
626
792
2.845
10.181
904
1,867
1,811
239
314
641
2,762
285
626
792
2,845
10,181
904
1,867
1,811
239
314
641
2.762
285
393
798
3.118
12.607
799
648
802
58
305
604
1,709
12,278
12,278
10,300
60
145.404
145.674
1,156
129,347
129.864
1,156
150,693
151,210
Total
EXPENDITURE TOTAL
12,278
12,278
9,068
9,068
GRAND TOTAL
205
19,0861
11,1821
110.0631
15,6201
Fund movement by type 2023
Openlng
Incomlng
Outgo5ng
Transfers
Journals
GalnlLoss
Closlng
Building- St Albans Building F
Designated
2,897
2,897
3,192
3,192
12,278
12,278
11,108
11,108
4,918
4,918
Sub-total for Building
Choir St T- St Thomas Choir Fund
Designated
Sub-total for Cholr St T
198
198
198
Decoration- Dècoration IDS LDBF
Restricted
Sub-total for Decoration
6,350
6.350
6,350
6.350
DukeStreet- Freehold House
Endowment
Sub-total for Dukestreet
238.464
238,464
16,7881
16,7881
231.676
231,676
Eco-church- Eco-church
Restrltted
Sub-total for Eco-church
900
900
900
900
Educatlon- St Albans Educatlon
Restritted
2.375
2,375
859
859
486
486
28.740
281740
2.704
2.704
34.192
34,192
Sub-total for Education
Flower St- St Thomas Flower Fun
Oe5ignated
sub-total for Flower St
100
i(rf)
loo
loo
Page 17

Foodbank- A5hmore Park Pantry
Restricted
6,094
6,094
7,027
7.027
8,582
8,582
4,539
4.539
Sub-total for Foodbank
General- General Fund
Unrestricted
42,454
42,454
130,069
130.069
129,864
129,864
111,1081
111,1081
7,422
7,422
38,973
38,973
Sub-total for General
In Bloom S- St Thomas Wed In Blo
Designated
Sub-total for In Bloom S
245
245
245
245
Land - Land Adjacent To St
Endowment
121,449
121,449
13,4571
13.4571
117,992
117,992
Sub-total for Land
Memorium S- St Thomas
Designated
sul￿total for Memorium S
2,625
2.625
2.625
2.625
OrBan St T- St Thomas Organ Fund
Restricted
Sub-total lor Organ St T
6,019
6.019
6,019
6.019
Grand total
63.662
141,148
151.210
402.670
17,5411
448,728
Funds introduced in 2023 have been included in thejournal column- namely Endowment Land1£121,4491 and Duke St1£238,4641
as well as the restricted funds of St Albans Education Fund investments1£28,7401 and the Interior Decorating Scheme balances
1£6,3501.
Fund movement by type 2022
Openin
Incoming
Outgoin
Transfèrs
GainlLoss
Closing
8uilding- St Albans BuSldlng F
Designated
2,897
1897
2,897
2,897
Sub-total for Buildin8
Choir St T- St Thoma5 Cholr Fund
Deslgnated
198
198
198
sub.total for Choir St T
Eco-church- Eco-churth Improveme
Restritted
900
90Q
900
900
Sub-total for Eco-church
Educatlon - St Albans Education
Restricted
2.364
2,364
854
854
2,375
2,375
Sub-total for Education
Flower St- St Thomas Flower Fun
Designated
loo
100
loo
loo
Sub-total for Flower 5t
Page 18

Foodbank- Ashmore Park Pantry
Restricted
3,827
3.827
4,794
4,794
2,502
2.502
6,094
6,094
Sub-totsl for Foodbank
General- General Fund
Unrestricted
50,105
50,105
134.405
134,405
142.292
142,292
42,454
42.454
Sub-total for Gèneral
In Bloom S- St Thomas Wed In Blo
Designated
245
245
Sub-total for In Bloom S
Memorium S- St Thomas In Memorium
Designated
2,625
2,625
2.625
2,625
Sub-total for Memorium S
Organ St T- St Thomas Organ Fund
Restricted
6.019
6,019
6,019
6.019
sub.total for Orgart St T
Grand total
69,282
140,054
145,674
63,662
staff C05t5
2023
2022
Wages & Salaries
Social Security Costs
Pension Costs
Average number of Employees
£18,552
£242
f 138
£11,771
Du¥ing the year the PCC employed two admlnlstrators and an Outreach worker. All part-time and not all payments attracted
social securlty costs.
An anonymous donation was made to LDBF for the salary of one of the employees and paid by LD8F so is not accounted for In the
local accounts.
The PCC use the National Employment Savings Trust INe5tl via the Diocesan Payroll Scherne, for its pension payments £138.
The Church Hall Cleaner 15 self-employed so is paid direct and has a contract.
The Cleaner at St Albans is berng paid direct on a self-employed basis and has a contrart.
There were no employee benefits to key management personnel in the previous or current year.
Trustees. Remuneration & Ex
en5es
One Trustee is employed by the PCC and has been paid £10,847. The payments attracted Social security costs of £242 and pension
payments of £138 were made. An anonymous donation was made to Lichfield Diocesan Board of Finance to pay this salary.
NeSther the income nor the expenditure is shown in the PCC of Wednesfleld Team Ministry 2023 accounts. No other trustee has
been paid any remuneration or received any other benefit5 from employment with the PCC
One trustee was reimbursed £3961£1,726 20221 for travel and subsistence during the year.
Page 19

Related Parties
No other expense5 were paid to any other PCC member. or persons closely eonnècted to them or related partie5.
Donations from related parties durtng the year totalled £13,435 16 PCC Member5. INO figures for 20221. All these donations were
recelved wlthout condition.
Analysls of Transfer between Funds 2023
Refèrance
Deblt
Credlt
Descrlptlon
Fund Fund Type
For Quinquennial work- PIV Building
Des
For Qulnquennial wort- PIV General
For tower work
Building
General
For O￿1nqUennlal work- PIV
For Quinquennial work- PIV
For towerwotk
1.380
1,36LI
Unr
5.000
Des
For lower work
5,000
For towerwork
Unr
For doors
For doors
4.150
New Church Doors
New Church Doors
Building
General
Des
Unr
4,150
For Quinquennial work
For Quinquennial work
Total
598
Gas heater rernoval
Building
General
Des
598
11,108
Gas heater remowal
Unr
11,108
Analysis of Transfer between Funds 2022
There were no transfers between funds
FIMed Assets
Fixed Assets- Tangible
Freehold
Buildings
Land
Total Assets
Cost or Valuatlon
AsatJJan
121,449
238,464
359,913
Addltlons In the year
Revaluation
13.4571
117.992
16,7881
231,676
110.2451
349.668
Value at 31 Det
Accumvlated Depretiation
Asatljan
Charge for the year
Disposals
Value at 31 De
Net Book Value at l Jan 2023
121.449
238,464
359,913
Net Book Value at 31 Dec 2023
117,992
231,676
349.668
Page 20

The land adjacent to St Albans Church has been introduced into the accounts in 2023 $0 that the Trustees are able to see the full
consolidated position for the whole of the year. The value introduced was £121.449. The income and expenditure for the Land is
split 50150 between St Albans and St Thomas. This will now be revalued on an annual basis using the Nationwide Index valuation.
The Land was valued at £llO,000 in 2017 consequently 2% per year has been added from 2017 to 2022 resulting in a value of
£121,449. This value has been introdueed. The revaluation as of 31 Decernber 2023 15 £117,992 a reduction of -2.85%.
The Freehold house at Duke Street was introduced into the accounts in 2023 so that the Trustees are able to see the full
con501idated position for the whole of the year. The value introduced was £238.464 into Duke Street Endowment fund. The
income and expenditure for this asset is split 50150 between St Albans and St Thornas. Thi5 was purchased in 1994 at a cost of
£52,000 and has been revalued using Natlonwide House price index as at 31 December 2022 for the introduction value
1£238.4641. The revaluation as of 31 December 20231$ £231.676. a reduction of -2.85%.
The furhds held by thè Diocese on behalf of the parish in the Interior Decoration Scherne were introduced into the accounts in
2023 so that the Trustees are able to see the fu51 consolidated picture of their assets. These funds amounted to £6,349.
The PCC of Wednesfield decided to Use the Bookkeeping service provided by Lichfield Diocesan Finance for the Parish a¢¢ount and
preparation of year end accounts in 2023.
Fixed Assets- Investments
Atllan
Additions
Disposals
Transfers
Change in
Market Value £
At31 Dec
Restricted funds
CCLA Investments
28,740
2,704
31,444
Total
28,740
2,704
31.444
CBF Investment Fund CB3028032- St Albans Educational fund £31,4441£0 20221.
The investment5 held by the St Albans Educational fund have been introduced into the accounts in 2023 so that thè Trustees are
able to see the full consolidated position for the whole of the year. The value introduced, as at I" January 2023, was £28,740.
Liabilities due within one ear
2023
2022
LDBF Common Fund
Agency
Other Creditors
Total
2.070
2,294
2,502
2.294
2,070
Debtors
2023
2022
Agencv
Total
224
224
Shown in the accounts a5 Agency Liabilities of El,847 as it is the net figure between the creditors and debtors.
Poge 21

RÈceipts and Payments Account Comparatives 2022
Unrestritted
Restrlcted Endowmènt
2022
Income and endowments from..
Donations and le8acies
Income from charitable activitie5
Other trading activities
Inve5tment5
Other income
Total Income
73,012
15,419
28,142
15,606
2,224
134,405
4,794
77,807
15.419
28.143
16,461
2,224
140.054
854
5.649
ExpenditurÈ on:
Raisin8 funds
Expenditure on charitable activities
Total expenditure
270
142,032
142,302
270
145,404
145,674
3.347
3,372
Net Income I lexpendlturel resources before
transfer
17,8861
2,301
15.6201
Net movement in funds
17.8861
2,301
15,6201
Total funds brought forward
56.169
13.111
69,282
Total funds Carried forward
48,274
15.388
63,662
Page 22