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

3. 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

4. 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

5. 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

6. 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
7. 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

8. 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

13. 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.
14. Current Assets
Debtors
2024
2023
en
224
Total
224
22

15. 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

16. 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