2024-12-31-accounts

Annual Report and Financial Statements of the Parochial Church Council of The Parish of Wednesfield st For the year ended 31 December 2024 Charity registration number.. 1137018

DIOCESEOF LICHFIELD The Parochial Church Council of The Parish of Wednesfield st Trustees, Annual Report for the year ended 31 December 2024 Charity registmtion number.. 1137018 Objectives and Activities The Parochial Church Council of the Parish of Wednesfield (the PCC) has the responsibility of co-operating with the incumbent, the Reverend Katharine Tingle, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelical, social and ecumenical. 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 5ervice5 and worship put faith into practice through prayer, scripture, music and sacrament. Also, through non-sacramental activities of hospitality and fellowship we aim to reach non churched members of the community. Each of the district churches manages its own objectives and activities, 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 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 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 wishe5 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 as a whole. Mission and evangelism are priorities for both churches in the parish. Achievements and Performance During 2024 the PCC, working through the District Church Councils {DCCs) achieved the following: From January to June 2024, the continuance and development of the worshipping life of the churches under Rev'd Tom Fish (Team Vicar at St Albansl and Licensed Lay Reader Terry Braithwaite, with active involvement from retired clergy including Rev'd Derek D'souza (who continued to lead worship at St Thomas, following the end of his appointment as interim minister in September 2023) and members of the congregation authorised by the Bishop of Lichfield. In March 2024, Rev'd Kate Tingle was appointed to the role of Team Rector with responsibility for St Thomas, church; she was licensed by Michael, Bishop of Lichfield in late June 2024. The provision of pastoral and spiritual support to the congregations and wider community, particular through the occasional offices of baptism, marriage and funerals. Continued support was offered to bereaved families and individuals through memorial services (both those run by church and those lead in co-operation with local funeral directors), social activities for the newly-bereaved and a newly-formed Bereavement Group at St Alban's.

Continuing to rebuild the life of the church following the Covid-19 pandem ic, with several successful social events, church trips and major services as well as regular social and missional outreach activities. Continued provision of online engagement, including through the live-streaming of Sunday worship at St Thomas, church. Strengthening links with local primary schools through provision of regular Collective Worship at St Alban's and St Thomas, Schools, and occasional worship, class events and visits to church (supplementing the RE curriculum) with other schools. The continued operation of the Ashmore Park Foodbank, and the development of the St Alban's Community Project. Review of the Year Following 5 rounds of advertising, Re¢d Katharine {Katel Tingle was appointed to the role of Team Rector and installed at the end of June 2024. St Thomas, held an away day in October to discern future direction for their ministry and mission. The congregation articulated a clear desire for more focussed mission and evangelism work in their district, and to be equipped for this work. To this end, the provision of worship services have increased- the church now holds a weekly seNice of morning prayer on Saturdays (coinciding with the church's Saturday coffee morning) and a regular programme of Bible study courses, including an Advent course on Old Testament texts, for new Christians and for those keen to grow in faith. The annual Remembrance service at St Thomas, was well-attended by civic leaders and members of the local community. St Thomas, also held a short service on Armistice Day, attended and supported by a local primary school. The second annual Ashmore Park Remembrance Parade followed by a Service at St Alban's was again very well attended. At Christmas, both churches held well-attended services, in addition to other community engagement activitie5 include carol singing outside local businesses. The churches, ministry continued to be high demand for funerals across the parish, at local crematorium as well as at the respective churches. Work with local primary schools continued to be a high priority for both churches. In the latter half of the year, St Thomas, worked with a number of local schools, facilitating visits to church to supplement the RE curriculum. Four local schools took part in a service in St Thomas, as part of Wednesfield Christmas lights SWltch-on- this was the first time it had taken place in church since 2019. St Alban's hosted teaching and/or worship visits to church during the year touching all the schools in the district- Coppice High School and all four primary schools- and now has programmes in place with two schoo15 to engage with each class at some point during the academic year. Several successful fayres and table-top sales were held by both churches, generating funds and providing engagement with the local community. St Alban's hosted a community pancake party in partnership with the local Brownie and Guide groups. Future Plans 2025 will see a period of change in the parish as Rev'd Kate Tingle takes a period of maternity leave from May 2025 to March 2026 and as Retrd Tom Fish retires from his role as Team Vicar at St Alban's after five and a half years. A key priority for the parish is to ensure the 5UPPOrt of our warden5 and our licensed lay reader during St Alban's vacancy and Kate's 10-month absence from stipendiary ministry. Financial Review Wedne5field Parochial Church Council Net total assets: £448,5141£448,728 2023]

Deficit1£934) - Unrestricted Surplus £3,036, Designated Deficit (£1,999), Restricted Deficit l£1,9711 [Deficit I£10,0981 2023] The parish owns two freehold properties, a plot of land adjacent to St Alban's Church, and a house in Duke St, Wednesfield. The valuation of the land as of 31, December 2023 was £117,992, and of the house £231,676. Income and expenditure on the two properties are split equally between the two churches. On advice from LDBF, neither property has been revalued this year. The house is rented privately through a local estate agent. Since 2023, part of the land has been rented to a local community organisation, Caring Hearts, and the rest to a car importer. In March 2024 Caring Hearts expressed interest in taking over the whole site, in order to expand their provision of services to the community, in partnership with the church, so the PCC gave notice to the car dealer, who left the site in August. Although outline agreement on a new contract with Caring Hearts has been in place for several months, the contract is dependent on their successful registration as a charity, which at the time of writing is still in the hands of the Charity Commission. The fund5 held by the Diocese on behalf of the parish in the Interior Decoration Scheme amount to £3,777. Thanks go to Steve and Barry for their continued hard work keeping St Alban's and St Thomas, accounts up to date. St Alban's Net current assets £26,037 [£26,928 2023] Net total assets: £57.783 [£58,372 20231 Deficit: (£1,309) - Unrestricted surplus £89, Designated deficit {£1,999), Restricted surplus £602 IDeficit 2023 (£14,749)] Note: These figures do not include the liability to the diocese for underpayment of Common Fund by £2,400 in the year. If this were included, there would be an Unrestricted deficit of1£2,3111 and a total deficit of (£3,709). The Net current assets would be £23,437. St Thomas, Net current and total assets: £29,712 [£30,39120231 Deficit1£679), all Unrestricted. Isurplus £4,565 20231 St Thomas, Church Centre Net current and total assets: £7,574 [£4,517 2023] Surplus £3,057 [£86 2023] Parish Office Net current assets: £3,7771£7,137 2023] Net total assets: £349,668 [£355,448 2023] Deficit: (£2.003) The deficit in the Parish Office was reduced by the payments of £570 made by the two churches to cover outstanding debts in the Parish Office at the point where its bank account was closed. Reserves Policy The PCC aims to maintain a balance on free reserves {net current assets) which equates to at least three months unrestricted payments. 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 thi5 report we have quoted the target as a whole. Three months unrestricted expenditure 15 equivalent to £32,6131£32,466]. 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 £42,105 [£39,542 20231. This is slightly higher than target but unevenly spread among the parts of the charity-higher reserves at St Thomas, Church and Centre than at St Alban's.

Investment Policy The charity is granted power to invest in suitable investments under the PCC Powers Measure 1956 and the Trustees Act 2000. As a 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 {CCLA) in London. The charity's investment policies are based on two key principles.. - Ethical Investment- this includes ensuring that investments are held in companies which have high standards of corporate governance and act in a responsible way towards stakeholders. Long-term responsibilities the trustees are aware of their long-term responsibilities in respect of the Restricted and Unrestricted reserves and as a result follow a prudent approach to investment decisions. Investment policy for long-term funds is aimed primarily at generating a sustainable income, with due regard to the need for the preservation of capital value, and the possible need to reali5e investments to meet operational needs. The charity does not have a policy of generating income at exce55ive or high risk - known as "purchasing income" where high returns are guaranteed at the expense of capital, In summary, the charity has an overall policy to maximise income while preserving the real value of its funds. Due to the nature of the charity, an ethical investment policy is taken into consideration when investments are made.. The charity follows the Ethical Investment Advisory 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," * demonstrate responsible employment practices; are conscientious concerning issues of corporate governance, the environment and human rights; are sensitive to the community in which they operate." Planned giving, collections and donations are the main sources of fund raising along with tax recoverable. 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). Reporting Serious Incidents A Serious Incident is an adverse event, whether actual or alleged, which results in or risks significant harm to the charity's beneficiaries, employees, office holders, volunteers or to others who come into contact with the charity through its work, loss of the charity's money or assets, damage to the charit15 property or harm to the charit(s work or reputation. The trustees are not aware of any Serious Incidents in the last year. Fundraising The PCC takes it fundraising responsibilities seriously and is very grateful to all donor5- whether regular or occasional- for their support of the church and church events. PCC supporter5 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 donation5, 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 special thanks go to our parish and district 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. Risk Management The Church Wardens carry out regular Health and Safety Reviews and regularly inspect premises for potential hazards. We have safeguarding policies in place for child protection and for work with vulnerable adults, including rigorous DBS checking of staff and volunteers. Our insurances are reviewed annually to ensure adequate cover. An informal review of any new ri5k5 which may impact the work of the Church in the Parish is ongoing. Structure, Governance and Management The PCC is a Body Corporate established by the Church of England and is a Charity registered with the Charity Commission. The PCC is governed by the Parochial Church Council Powers Measure (19561 as amended that came into effect on 2, January 1957, and the Church Representation Rules {contained in Schedule 3 to the Synodical Government Measure 1969 as amended). The method of appointment of the PCC members is set out in the Church Representation Rules. 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. The PCC members receive training from courses run by the Diocese. 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 meet 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 Alban's, and the St Thomas, Centre Management Committee, and others as required. Each reports back to the PCC with the minutes of their meetings. The following policies are in place: Safeguarding Health and Safety with accompanying Risk Asse55ments Expenses for clergy and ministers Lone working Vicar and Warden5' account (this is a fund for those in need in the parish) Baptism policy General Data Protection Regulation Social Media Parish Fees Policy PCC Bank Account The position of PCC Treasurer has been vacant since May 2023. Book-keeping for the PCC Parish Account was therefore outsourced to the Lichfield Diocesan Board of Finance, until May 2024 when they relinquished this role. Since the PCC Parish Account was only used to account for fees for occasional offices, and rent and expenses for the two properties, the PCC decided at that time to stop Using it and process all transactions through the two church accounts- fees for occasional offices through the church they applied to, Duke St rental through St Thoma5'5 and rent for the land through St Alban's, with periodic transfers between the churches to split revenues equitably. In November the PCC was notified by Lloyds Bank that they had closed the PCC Account, as a result of a misunderstanding regarding charitable donations made by St Alban's to a church and school in Nigeria. A cheque for the remaining balance in the account was issued, payable to St Thomas, Church. At the time of closure, the PCC account was found to have liabilities to the churches and the diocese that exceeded the available funds, so the 2024

accounts include a charge of £569.70- split equally between the two churches and reported under 2360 Administration - to cover those costs. Related Parties Donations from Related Parties Donations from related parties IPCC members] during the year totalled £19,829. All these donations were received without conditions. Remuneration paid to Trustees One trustee, S Crosby, is employed by the PCC as St Alban's Church's Children and Families worker and has been paid £12,480. The payments attracted social security costs of £187 and pension payments of £465 were made. An anonymous donation made to Lichfield Diocese Board of Finance covers the cost of this salary. Neither the income nor the expenditure is shown in the PCC of Wednesfield Parish 2024 accounts. No other trustee has been paid any remuneration or received any other benefits from employment with the PCC. Expenses paid to Trustees One trustee was reimbursed £4591£396 2023] for travel and subsistence during the year. Reference and Administrative details Charity Name- The Parochial Church Council of the Parish of Wednesfield Other names by which the Charity is known: NIA Registered charity no: 1137018 Charity's principal address: The Parish Office, St Thomas, Church, Church Street, Wednesfield, WVII ISB. Correspondence address: The Parish Office, St Thomas, Church, Church Street, Wednesfield, WVII ISB. Website address: www.wednesfieldteam.org.uk PCC members who have served from I" January 2024 until the date this report was approved were: Trustee name Office (if anv) Dates acted if not for whole period Ex-officio Rev'd Katharine Tingle Re¢d Tom Fish Clive Postle Team Rector/Chairperson Team Vicar Parish Warden/Diocesan Synod Parish Warden/Lay Reader District Warden St Thomas District Warden St Thomas DCC Secretary St Thomas District Warden St Alban DCC Treasurer St Alban From 23, June 2024 Terence Braithwaite Jill Ellson Laurence Fletcher th Warden from ADCM 28 April 2024 Barry Bishop Until 21" April 2024 (though Barry continue5. pro tempore, to act as treasurer b role of District Warden since that datel Steve Lawley Deborah Dale Brian Daybell Margaret O'callaghan Tracy Yates DCC Treasurer St Thomas DCC Secretary St Alban Deanery Synod Deanery Synod District Warden St Alban From ADCM 21" April 2024 I" January 2024 to ADCM 21" April 2024

Elected Jenny Hickman Susan Vaughan Gwen Turner Edwin Simpson Norma Thompson Deborah Dale St Thomas IPCC Secretary) St Thomas St Thomas St Thomas St Thomas St Alban Until ADCM 21" April 2024 (became DCC Secretary) Samantha Crosby David Craddock St Alban StAlban Names and addresses of advisers Bank PCC of Wednesfield Parish account Lloyds Bank PLC Church Street, Wednesfield WVII ISS closed November 2024 St Thomas, & St Thomas, Centre bank account Lloyds Bank PLC Church Street, Wednesfield WVII ISS St Alban's bank account Lloyds Bank PLC Church Street, Wednesfield WVII ISS Investment Managers CCLA l Angel Lane, London, EC4R 3AB. Independent Examiner Jonathan Hill Lichfield Diocese Board of Finance St Mary's House, The Close, Lichfield, WS13 7LD. th Approved by the PCC on 11 February 2025 and signed on its behalf by: Reverend Katharine Tingle (Chairperson) Jenny Hickman (Secretary)

Independent Examinerfs report to the trustees/members of The PCC of Wednesfield Parish Registered charity number {if applicable): 1137018 I report on the account5 for the year ended 31, December 2024 which are Set out on the following pages. Res ective res onsibilities of the Trustees and Inde endent 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 lunder section 145151(bl of the Charities Act, and to state whether particular matters have come to my attention. Basis of Inde endent 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 fairf, view and the report is limited to those matters set out in the statement below. Inde endent Examiner's Statement In connection with my examination, no material matters have come to my attention (other than that disclosed below ) 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 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered a5 part of an independent examination. 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 Marys House, The Close, Lichfield. WS13 7LD Date..

The Parochial Church Council of The Parish of Wednesfield st Financial Statements for the Year Ended 31 December 2024 Accounting Policies 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 governing the individual accounts of PCCS, and with the Regulations true and fair view provisions. They have also been prepared in accordance with the Charitie5 SORP {FRS 1021. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members. There may be minor discrepancies in the totals as the pence are not being shown. Cashflow Statement The Charity has taken advantage of the exemption in FR5102 from the requirement to produce a Cash flow statement on the grounds that the income does not exceed £500,000. Going Concern There are no material uncertainties related to event5 or conditions, that cast significant doubt on the charity's ability to continue as a going concern. Accounting Estimates and Prior Year Errors No changes to accounting estimates have occurred in the reporting period. No material prior year errors have been identified in the reporting period. Description of Funds 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 trustee5' annual report, An explanation of purpose for each Designated fund are as follows: Building-st Alban's Building Fund Choir St T- St Thomas, Choir Fund Flower St T- St Thomas, Flower Fund In Bloom St T- St Thomas Wednesfield in Bloom Memorium St T- St Thomas in Memorium Restricted funds comprise of two elements.. a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest bl donations or grants received for a specifiE 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 no separate investment, interest is apportioned to individual funds on an average balance basis. An explanation of purpose for each Restricted fund are as follows.. Decoration- IDS decoration scheme for vicarages, held with LDBF Eco-Church- Eco-church improvement5 at St Alban's Church io

Education- St Alban's Education fund (the income from the St Alban's Education fund Endowment) used for Educationa I purposes, mainly in working with schools in St Alban's District Foodbank- for the Ashmore Park Foodbank Organ St T- for the upkeep of St Thomas, organ Endowment funds are restricted funds that must be retained as trust capital either permanently or 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. An explanation of the purpose of each Endowment fund are a5 follows: Duke Street- Freehold house in Duke Street Land - Land adjacent to St Alban's Church St Alban's Education Fund- An investment fund whose income is used for Educational purposes, ma inly in working with schools in St Alban's District st From January 1 2024, income, and any expenses, from these properties was processed in the Parish Account and then divided equally between the two churches. From I" May 2024 the income and expenses for Duke Street was processed in the St Thomas, account, and income and expenses for the Land was processed in the St Alban's account. The respective church treasurers liaise quarterly to make arrangements to ensure that the net income from the two properties is distributed equally between the two church accounts. Income Planned giving, collections and donations are recognised when received or when the PCC becomes entitled to the resource and the monetary value can be measured with sufficient reliability. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due and the monetary value can be measured with sufficient reliability. Dividends are accounted for when receivable, interest 15 accrued. All other income is recognised when it is receivable. All incoming resource5 are accounted for gross. Expenditure Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it IS incurred and is accounted for gross. Governance and Support Costs Support costs should be allocated between governance costs and other support. Governance costs comprise all Costs involving public accountability of the PCC and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources eg by allocating staff costs by time spent and other costs by their usage. Fixed Assets Consecrated and benefice property is not included in the accounts by s.1012}lal&lCI 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 di5P05al are inalienable property, listed in the Church's inventory, which can be inspected lat any reasonable timel. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. No depreciation is provided on buildings as the currently estimated residual value of the properties 15 not less than their carrying value and the remaining useful life of these assets exceeds 50 years, so that any depreciation charges would be immaterial. Investments Investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at market value at the year end. Investment5 held for re-sale are treated as current asset investments. li

Debtors Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash expected to be received. Creditors and Accruals Creditors are measured at settlement amounts less any trade discounts. Accruals are measured on best estimate of the amount required to settle the obligation at the reporting date. 12

The Parochial Church Council of The Parish of Wednesfield st Financial Statements for the Year Ended 31 December 2024 Receipts and Payments Account 2024 Unrestricted Designated Restricted Endowment funds funds funds funds 2024 Total funds 2023 total funds Receipts Donations and legacies Income from charitable activities Other trading activities Investments Other income Total Recei 78,587 18,487 22,668 11,291 2,455 133.488 9,892 3,125 91,604 83,193 18,487 18,243 22,668 20.248 12,295 12,360 2,455 7.104 147 509 141,148 1,004 9.892 4,129 Payments Raising funds Expendilure on charitable activities Other ex enditure Total Pa ments 624 129,667 160 130,452 624 518 147,659 150,728 160 148.444 151.245 11,891 6,101 11,891 Excess of recei Transfers: Gross transfers be￿een funds- in Gross Iransfers between funds - out Excess of receipts over payments before other gains Net movement in funds Reconciliation of funds ts over ments before transfer 3.036 1,999 1,971 934 10,098 31,444 31,444 11,108 {31,444) (11,108) 1,639 (10.098) 214 385,031 {31,444) (1,999) {30.842) 1.999 33,415 3,036 3,036 31,444 32,164 Excess of receipts over payments at beginning of the year Excess of recei Represented by Unrestricted General Fund Designated Sl Albans Building Fund St Thomas Choir Fund St Thomas Flower Fund St Thomas In Memorium St Thomas Wed In Bloom Restricted Agency collection Ashmore Park Pantry Decoration IDS LDBF Eco-church Improvements st Albans Education Fund St Thomas Organ Fund Endowment Freehold House In Duke Street Land Adjacent To St Albans Church st ASbans Education Fund 38,973 42,010 8,086 6.088 52,000 18,585 349,668 448,728 63,697 381,832 448,514 448,728 ts over ments for the ear 42.010 42,010 38,973 2.920 198 100 2,625 245 2,920 198 100 2,625 245 4,918 198 100 2.625 245 5,340 3.777 900 2,549 6.019 5,340 3,777 900 2.549 6,019 4,539 6,350 900 34.192 6,019 231,676 231,676 231,676 117,992 117,992 117,992 32.164 32,164 13

Balance Sheet Class and code Description Asat 3111212024 Asat 3111212023 Fixed assets Dukestreet Land CB3028032 Freehold House in Duke Street Land Adjacent to St Albans Church CCLA [CBFI- St Albans Educational Fund Total Fixed assets 231,676 117.992 32,164 381,832 231,676 117,992 31.444 381,112 Current assets 00347653 CB3028233 33731081 CB3028031 6590 00097118 69723462 IDWEDN101 IDWEDN102 Lloyds Current - St A CBF Deposit- Sl A Centre Barclays current account CBF Deposit- St Thomas Cash in hand- St Thomas Lloyds current account- PCC Account Lloyds Main - Sl Thomas IDS Decoration Account 101 IDS Decoration Account 102 Totsl Current assets 16,025 10,012 7,574 23,157 22 16,916 10,012 4,517 23,157 22 787 7,703 2,573 3.777 69,463 7,315 3,777 67,882 Liabilities 6699 Agency collections Totsl Liabilities Net Asset surplus (deficit) 1,200 1,200 448.514 1,847 1,847 448.728 Reserves Excessl(deficitl to date Slarting balances Gainsl(losses) on reval of fixed assets Gainsl(losses) on investment assets Total Reserves Represented by Funds General (Unrestricted) Designated Restricted Endowment Total (934) 436,490 12,238 720 448,514 {1,167) 54.766 395,129 Zol Z03 Z02 448,728 42,010 6.088 18,585 381.832 448,514 38.973 8,086 52,000 349,668 448.728 th Approved by the Parochial Church Council on 11 February 2025 and signed on its behalf by: Signature.. 14

1. Statement of Assets and Liabilities 2024 Class and nominal code General Desi nated Restricted Endovmient Total 2023 Fixed Asset - Investments CB3028032'. CCLA ICBFI- St Albans Educational Fund Total 32,164 32,164 31,444 32,164 32,164 31,444 Fixed Asset- Tangible Assets DukeStreet-. Freehold House in Duke Street Land.. Land Adjacent to Sl Albans Church 231,676 231,676 231.676 117,992 117.992 117,992 349,668 349,668 349,668 Total Current Asset- Cash At Bank And In Hand 00097118= Lloyds current account- PCC Account 00347653= Lloyds Current - St A 33731081-. Centre Barclays current account 6590= Cash in hand- St Thomas 69723462.. Lloyds Main - St Thomas CB3028031: CBF Deposit- St Thomas CB3028233: CBF Deposit- St A IDWEDN101: IDS Decoration Account 101 IDWEDN102: IDS Decoralion Account 102 787 16,025 16,916 7,574 4,517 22 22 7,315 7,703 23,157 23,157 10,012 10,012 2,573 3.777 3,777 67,882 69,463 6,795 7,574 22 6,533 13,970 7,116 23 9,207 782 6.019 3,168 2,897 3,777 19.785 Total 42,010 6,088 Liability - Agency Accounts 6699= Agency collections 1.200 1,200 1,200 1,847 1,200 1,847 Totsl Net total assets 42,010 6.088 18.585 381,832 448,514 448,728 Represented by Designated - Building Designated - Choir St T Restricted - Decoration Endowment- Dukestreet Restricted - Eco-church Endowment- Education Fund Restricted - Education Fund Designated- Flower St T Restricted - Foodbank Unrestricted - General Designated- In Bloom St T Endowment- Land Designated - Memorium St T Restricted - Organ St T 2,920 198 2,920 4,918 198 198 3,777 6,350 231,676 231,676 231.676 900 900 32,164 32,164 2,549 34,192 100 100 5,340 4.539 42,010 38,973 245 245 117,992 117.992 117,992 2,625 2,625 6,019 6.019 381,832 448,514 448,728 3,777 900 2.549 100 5.340 42,010 245 2,625 6,019 18,585 Totsl 42,010 6,088 15

2. Statement of Assets and Liabilities 2023 Class and nominal code General Desi nated Restricted Endowment 2023 2022 Fixed Asset - Investments CB3028032.' CCLA ICBFJ- St Albans Educational Fund Total Fixed Asset - Tangible Assets Dukestreet.. Freehold House in Duke Street Land- Land Adjacent to St Albans Church Total Current Asset- Cash At Bank And In Hand 00097118.. Lloyds current account- PCC Account 00347653.. Lloyds Current - Sl A 10999016.. Barclays Current- St A 33731081.. Centre Barclays current account 6505.. Lloyds Current- St Thomas 6590.. Cash in hand- St Thomas 69723462.. Lloyds Main - St Thomas CB3028031= CBF Deposit- Sl Thomas CB3028233." CBF Deposit- St A IDWEDN101: IDS Decoration Account 101 IDVVEDN102'. IDS Decoration Account 102 Total Liability - Agency Accounts 6699.. Agency collections Total Net total assets 31,444 31,444 31,444 31,444 231.676 231,676 117,992 117,992 349,668 349,668 -570 6,706 1,356 8,187 787 1,304 16,916 2,375 20,700 4,431 333 22 40 7,703 4,105 23,157 14,135 10,012 18,567 2,573 3.777 69.463 65,990 2,022 4,517 4.517 22 7.212 13,970 7,116 490 6,019 3,168 2,897 2,573 3,777 22,403 38,973 8,086 1,847 1,847 52.000 1.847 2,294 1,847 2.294 349,668 448,728 63,697 38,973 8,086 Represented by Designated - Building Designated- Choir St T Restricted - Decoration Endowment - Dukestreet Restricted - Eco-church Restricted - Education Fund Designated- Flower St T Restricted - Foodbank Unreslricted - General Designated- In Bloom St T Endowment- Land Designated - Memorium St T Restricted - Organ St T Total 4,918 198 4,918 2.897 198 198 6,350 231,676 231,676 900 900 34,192 2,375 100 100 4,539 6,119 38.973 42,219 245 245 117,992 117.992 2,625 2.625 6,019 6,019 349,668 448.728 63,697 6,350 900 34.192 100 4.539 38,973 245 2,625 6,019 S2,000 38,973 8,086 16

3. Fund movement by type 2024 Fund Building Designated Sub-totals enin Incomin Out oin Transfers GainslLosses Journals Closin 4.918 4,918 9,892 9,892 11,891 11,891 2,920 2,920 Choir StT Designated Sub-totals 198 198 198 198 Decoration Restricted Sub-totals 6,350 6,350 2573 2573 3,777 3,777 Dukestreet Endowment Sub-totals 231.676 231,676 231.676 231,676 Eco-church Restricted Sub-totals 900 900 900 900 Education Fund Restricted Endowment Sub-totals 34,192 1.004 1,203 (31,4H) 31.444 2,549 32,164 34,713 720 720 34,192 1,004 1,203 Flower St T Designated Sub-totals 100 100 100 100 General Unrestricted Sub-totals 38.973 38,973 133,488 133.488 130.452 130,452 42,010 42,010 In Bloom StT Designated Sub-totals 245 245 245 245 Land Endowment Sub-totsls 117.992 117.992 117.992 117,992 Memorium St T Designated Sub-totsls 2,625 2,625 2.625 2,625 Organ St T Restricted Sub-totsls 6,019 6.019 6.019 6,019 Foodbank Restricted Sub-totals 4,539 4.539 3.125 3,125 2,325 2,325 5.340 5,340 Totals 448,728 147 509 148,444 720 17

4. Fund movement summary 2024 Fund balances Incoming Outgoing brought Resources Resources fonvard 4,918 198 6,350 231,676 900 34,192 100 38,973 245 117,992 2.625 6.019 4,539 448,728 Gains and Losses Fund Journal balances Entries Carried forward 2.920 198 3,777 231,676 900 34.713 100 42,010 245 117,992 2.625 6,019 5.340 448.514 Fund Transfers St Albans Building Fund St Thomas Choir Fund Decoralion IDS LDBF Freehold House In Duke Street Eco-church Improvements St Albans Education Fund St Thomas Flower Fund General Fund St Thomas Wed In Bloom Land Adjacent To St Albans Church St Thomas In Memorium Sl Thomas Organ Fund Ashmore Park Pant Totals 9.892 11,891 2,573 1,004 1,203 720 133.488 130,452 3,125 147,509 2,325 148,444 720

5. Fund movement summary 2023 Fund balances Incoming Outgoing brought Resources Resources forward 2,897 198 Fund Journal balances Entries Carried forward 4.918 198 6.350 231,676 900 34,192 100 38,973 245 117,992 2.625 6,019 4,539 -7,541 365,952 448.728 Fund Gains and Losses Transfers St Albans Building Fund St Thomas Choir Fund Decoration IDS LDBF Freehold House In Duke Slreel Eco-church Improvements St Albans Education Fund St Thomas Flower Fund General Fund St Thomas Wed In Bloom Land Adjacent To St Albans Church St Thomas In Memorium St Thomas Organ Fund Ashmore Park Pant Totals 3,192 12.278 11.108 6,350 -6.788 238.464 900 2.375 100 42,219 245 859 486 2,704 28,740 130,069 129,874 -11,108 -29,051 -3.457 121,449 2,625 6,019 6.119 63,697 7.027 141.148 8,607 151.245 18

6. Analysis of income and expenditure Total nated Restrlcted Endowment 2024 Unrestricted Desi 2023 Receipts Donations and legacies 0101 Gift Aid planned giving via bank 0110 - Planned giving - envelopes 0201 Other planned giving 0301 Loose plate collections 0421- Donations at TLC & Messy ChU￿h 0430 - Donations to Foodbank 0501- One-off donations- Church members 0550- One-off donations- extemal 0601- Tax recoverable on Gift Aid 08A1 Non-recurring one-off grants 0901 Other fvnds generated Donations and legacies Totals Income from charitable activlties 0901 Other funds generated 0911 Pop-in 0912- Fayres 1101- Fees forweddings, funerals. BOA and memorials 1230 - Church hall lettings - objectives Income from charitable activities Totals Other trading activities 1033- Community Projecl 1240 - Church hall lettings - fund raising 1242 - Centre Donations 1244- Centre Grants Other trading activities Totals Investments 1001 Dividends 1020 - Bank and building society interest 1030 - Rent from lands or buildings 1031 Car lol rental 1032- Duke St rental Investments Totals 31,249 12,772 6,446 5.825 665 31,249 25,139 12,772 14,410 6,446 5,934 5,825 8,233 665 702 3.125 6,963 7,644 4,339 3,206 3,393 12,885 10.586 2,862 4.925 3,494 91,604 83,193 3,125 2.044 3,026 11,635 5,600 180 1,250 2,862 4,925 78,587 9,892 3,125 458 1,417 4,702 9,656 2.255 18,487 458 68 1,417 1,399 4,702 3,676 9,656 10,390 2.255 2.710 18,487 18,243 2,600 18,370 1,198 500 22,668 2,600 1,125 18,370 17.854 1,198 1,224 500 45 22,668 20,248 1.004 1,004 859 415 1,617 1,350 3,695 3,821 7,181 4,713 12,295 12,360 415 3,695 7,181 11,291 1,004 Other income 1310 - Insurance claims 1330- Other income Other income Totals Receipts Grand totals 3,256 2.455 3.848 2,455 7,104 147.509 141.148 2,455 2,455 133,488 9,892 19

Payments Raising funds 1730 - Costs of fetes & other events Raising funds Totals Expenditure on charitsble activities 1801 Mission Giving and Donations 1910- LDBF Common Fund 2001 Salaries and Wages 2050- Salary of parish administrator 2101- Vicar's expenses 2130 - Vicarage expenses 2150- Vicals telephone 2170 - Clergy and staff education and training 2201 Mission, discipleship and evangelism costs 2210 - Children, youth and families work costs 2220 - Discipleship materials and activities 2230 - Outreach activities 2240- Foodbank costs 2300- Church Running Expenses 2301 Church running - insurance 2310- Church office- lelephone 2320- Organ I piano tuning 2330- Church maintenance 2331 Church supplies 2340- Upkeep of setvices 2341- AV and music equipment, supplies and licen￿$ 2350 - Upkeep of churchyard 2351- Memorial costs 2360 - Administration 2440 - Church utility bills 2520 - Centre Running salaries 2530 - Centre Running - electricity 2540- Centre Running- gas 2550- Centre Running- Maintenance 2570- Centre Running- water 2580- Centre Running- business rates 2590- Centre Running - other expenditure 2601- Govemance costs examinationlaudit fee 2701- Major repairs and improvements lo church 2840- Other PCC property upkeep Expenditure on charitable activities Totals Other expenditure 2105 - Verger Costs 2106 - Organist Costs Other expenditure Totals Payments Grand totals 624 624 624 624 518 518 2,547 72,506 180 11,071 594 1,828 409 60 2,547 2,466 72,506 73,438 180 2,836 11,071 10,064 594 1.015 4,401 280 409 566 60 2,573 113 1,663 848 30 458 194 263 2,325 8,607 1.457 153 5,248 4,775 1,129 1,001 45 412 10,112 4,519 1,480 1.264 169 215 7.762 725 784 636 372 792 3,339 2,845 11,344 10,181 1,374 904 1,250 1,867 1,223 1,811 298 239 301 314 677 641 3,050 2,762 285 12.278 265 1,156 147,659 150.728 460 30 194 1,203 2,325 1,457 5,248 1.129 45 5.084 1,480 169 899 784 372 3.339 11.344 1,374 1.250 1,223 298 301 677 3,050 5,028 6,863 265 129,667 11,891 6,101 35 125 160 130,452 35 125 160 148,444 151,245 11,891 6,101 20

Allocation of Support Costs Support costs comprise Trustee Training and Governance Costs etc. Due to the nature of the financial activities of the PCC, these would be allocated across Charitable Expenditure which comprises the majority of it5 expenditure and as such are automatically charged there. 10. Staff Costs 2024 2023 Wages & Salaries £23,491 £ 18,552 Social Security Cost5 Pension Costs Average number of employees 187 465 £242 £138 During the year the PCC employed two administrators and an outreach worker (all part-timel and not all payments were large enough to attract social security costs. An anonymous donation was made to LDBF for the salary of one of the employees and paid by LDBF so 15 not accounted for in the local accounts. The PCC use the National Employment Savings Trust INESTI via the Diocesan Payroll Scheme, for its pension payments £465 {£138 20231. There were no employee benefits to key management personnel in the previous or current year. 11. Fees for the examination of the accounts 2024 2023 Independent Examinef s fees 175 285 Other fees leg accountancy seryicesl paid to the Independent Examiner 12. Analysis of Transfer between Funds There were no material transfers between funds in 2024 except for the £31,444 transfer re investments, shown in note 13b below. 21

1. Fixed Assets a. Tangible Fixed Assets Land Freehold Buildings Total Assets Cost or Valuation As at Istjan Additions In the year Disposal in the year Revaluation lif anvl Value at 315t Dec 117,992 231,676 349,668 117,992 231,676 349,668 Accumulated Depreciation As at 1st Jan Charge for the year Disposals Value at 315t De¢ Net Book Value at 1st Jan 2024 Net Book Value at 31st Dec 2024 117,992 117,992 231,676 231.676 349,668 349.668 Fixed Asset Investments Change in market value At 31st Dec At 1st Jan Addltions Disposals Transfers Restrirted Funds CCLA Investments Endowment funds CCLA Investments 31,444 -31,444 31,444 720 32,164 Total 31,444 720 32,164 CBF Investment Fund CB3028032-St Alban's Educational Fund £32,1641£31,444 2023). The inve5tment5 held by the St Alban's Educational Fund were introduced into the accounts in 2023 $0 that the Trustees were able to see the full. consolidated picture for the whole year. In 2024 the investments were reclassified as Endowment Funds, with only the income from them being shown as Restricted Funds.

2. Current Assets Debtors 2024 2023 en 224 Total 224 22

3. Liabilities Amounts falling due in one year 2024 2023 LDBF Common Fund Agency Other creditors 2,400 1,200 2,070 Total 3.600 2.070 The £2,400 Common Fund arrear is not shown on the Balance Sheet or Statement of Assets and Liabilities as the Financial Statements are prepared on a receipts and payments basis but is shown here for completeness. b. Amounts falling due after more than one year 2024 2023 LDBF Common Fund Agency Other creditors Total 23

4. Prior Year Comparative - Receipts and Payments Account 2023 Unrestrirted Restricted Endowment 2023 2022 Receipts: Donations and legacies Income from charitable activities Other trading activities Investments Other income Total receipts Payments on: Raising funds Expenditure on charitable activities Total payments Net receipts / (payments) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains on revaluation, fixed assets, charity's own u5È Net movement in funds Total funds brought forward Total funds carried forward 76,297 16,317 21,980 11,625 7,040 133,261 6,963 83,261 77,806 16,317 15,419 21,980 28.142 12,484 16,461 7,103 2,224 141,147 140,053 859 63 7,886 517 141,634 9.093 142,152 9,093 18,891) {1,2061 517 270 150,727 145,369 151,245 145,639 (10,0971 15,5851 11,107 111,1071 11.107 {11,1071 8,236 {654) 47,717 47,059 37.224 36,017 15,983 52,000 349,668 395,128 12,629) 349,668 385,031 18,2141 63,696 71,911 349,668 448,728 63,696 24