Annual Report and Financial Statements of the Parochial Church Council of Walsall Wood St John For the year ended 31" December 2023 Reglstered Charity Number 1138950
DIOCESE OF J LICHFIELD The Parochial Church Council of The Parish of Walsall Wood St John st Trustees, Annual Report for the year ended 31 December 2023 Charlty registration number: 1138950 Ob-ectives and Artivities The Parochial Church Ctsuntil of Walsall Wood, St John Ithe PCCI ha5 the re5pon5ibility of cts-operating with the incumbent in promotin& in the ecclesiastical parish, the whole mSssion of the Church. pastoral, evangelical, social and eeumenical. The PCC is also spiritually responsible for the maintenance of the thurch. The PCC 15 cornmitted to enabling as many people as possible to worship at our chureh and to become part of our parish cornmunity at Walsall Wood, St John. The PCC maintains an overview of worship throu8hout the parish ènd makes suggestions on how our services can involve the many groups that live within our parish. Our seivice5 and worship put faith into practi through prayer. scrlpture. music and sacrament. Also, through non sacramental activities of hospilality and fellowship we aim to reach all members ofthe community. Publlc 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 Beneflt and have had regard to it in their adminlstration of the Charity. The trustee5 believe that, by promoting the work of the Church of England in the Ecclesiastical Parish of Walsall Wood. St John it helps to promote the whole mission of the Church Ipastoral, evangelistic, social and ecumenicall more effettivefy, within the Ecclesiastical Parish. and that in doing so it provides a benefit to the public by.. Providing facilities for publlc worship, pastoral care and spiritual. moral and intellectual development. both for its members and for anyone who wishes to benefit from what the Church offers; and Promotin@ Christian values and service by rnembers of the Church in and to their communities, to the benefit of indivlduals and sociely as a whole. Athlevements and Perfomiance Thi5 year has seen a time of renewal and healing within the church community and 8reater connections wlth the wider community. This ha5 evidently been fruitful with the noticeable growth in attendance in Church Service and Community initiative5. There has also been signs of the Holy Spirit at work, with an Adult Baptism and 5 Adult Confirmations. There is a noticeable lift within Worship and the life of St John's. Worshl and Pra Reverend Lisa and the PCC continue to be keen to offer a range of servi5 which attempts to cater to all peoples preferred worship styles. Continuing with a variety of services from Holy Communion to Mornin8 Worship, Evensong Ibased upon Common Worship Morning Prayer) and our All-Age Service. Enabling people to feel comfortable at different Stages of their Christian journey. There have been discussions and plans to introduce a midweek contemporary style of Worship to enhance and develop this further as a way of creatin8 a more inclusive space. 33ptisrns have continued to be held on an afternoon which seems to be a popular time but ha5 been low iri numbers. Regular mornin8 Prayer has been well received within the community with a small but regular congregation. Intercession prayers continue to be led by a number of lalty at the Sunday morning Worship. Poge I
Revd Lisa also contlnues her Minlstry as a Vocation Advisor. Monthly Worship Pattern Sunday Wk 1- 9.00am Holy Communion., 10.00am Holy Communion-, Sunday Wk 2- 9.00am Holy Communion,. IO_OOam All Age Wtsrship,. Sunday Wk 3- 9.00am Holy Comrnunion.. 10.00am Holy Communion,. Sunday Wk 4- 9.00am Holy Communion.. 10.00am Holy Communion.. Sunday Wk 5- 9.00am Holy Communion,. 10.00am Morning Worship.. 6.30prn Evensong; Also.. 2.30pm Baptism Our pattern of Worship has sli8htly changed, we have moved our Morning Worship to the 5th Sunday also Sntroducing Evensong. This new pattern of worship for has encouraged and Increased regular attendance. All majoi festivals have been covered. Midweek Worship Our midweek worship has continued to have a small but regular attendance. We have also been discussin8 introducing weekly Evenlng prayer. Tue5lWedsnhurs 10am Mornin& Prayer Special Services Special Services are always successful in teTrnS of outreach, mission and attendance. Throughout the year services include the ftsllowing.. Mothering Sunday, Holy Week Services, A5cen5ion Day, Harvest Festival, Memorial Service. Rernembrance Cenotaph Service, Celebration for the Kings Coronation. A Service of Nine Le550ns and Carols and Christingle, Crib Service, Midnight Mas5. We also introduced a Blue Christmas. A Remembrance Sunday sèrvice wa5 held at the Cenotaph in front of the church, wlth wreath laying by unlformed organi5ations and local dignitaries. Revd Lisa Mitchell led the proceedings following the Parade, asslsted by Revd Elizabeth Dunning. It was a8ain decided to have the service outslde as it was agreed that it felt more accessible and inclusive. Our Lent Course for 2023 was called Undiscovered Lent. Each week there will be a 15-20 rninute video from the'ln the Steps of Jesus, Film Series, followed by a time to refleet on the video and to dig rnore deeply and imaginatively into the text of the Gospel5. We held a weekly A(Jvent Reflective Service. The Advent Reflection Service was a short 30 minutes Servlce which included up to 15 mlnutes of quiet prayer tlme, whilst some gentle music played in the background. This quiet lime offe¥ed, was well received and well attended. Allowing time and space to stop, think and play. Pastoral offi5-weddings, baptisms. funerals Pastoral offices have continued as a way of bringing church and community together at the milestones of their journey through life. For some these times may be the only connertion they have ever had with Church so the priority Is belnB a warm and welcomlng pla. Bapt15m We have had a steady numbers of enquiries regarding Baptisms. Preparation usually takes place èither at the church or in the homes of the parents. depending upon the minister. The aim would be to develop this further by bringing families together for baptism preparation a5 a way of bringing community together with young families. Poge 2
Weddlngs The number ol Weddings have been quite low at st John's. As a way of exploring this and finding different ways of connecting with the community, we are planning to hold a Wedding Fayre in Church early 2024. This will be something very new and we hope fruitful both with mission and 8rowth with Weddings. Funeral ministry Funeral numbers have steadily increased this year. One of the reasons for this ha5 been a greater relationship between Church and Funeral Directors. Families are always visited within good time bèfore the funeral to allow time for the preparation. The deceased are addÈd to the weekly prayer list and also prayed for at Mo¥ning prayer. The families are also invited to our Annual Memorial Service. This year, we have celebrated 13 baptisms and I wedding and held 22 funera15 Wlth 18 internment of ashe5 in Walsall Wood cemetery. Ministers also preslded over 3 ¢rematorium funerals. Mission and Evangellsm Our Mission at St John'5 IS to 80 Out into the world and be part of what already is happening and join inl The Christian messenger does not simply brin8 Christ to others. but identifies the presence of God, already in existencel At St John's our Church life Is based around the Chrlstlan values. Faith, Love, Hope and Respect. These value5 are interwoven into everything that we do, both in and outside of the Buildin8. The aim of the church must not be self-setving but to seek to share God's love and to work for the Kingdom. Helpin8 those in need is a demonstration of our faith. The Church supports several charities including Compassion. Water Aid. Chrlstian Aid and the Children's Society. Locally the church family supports the Walsall North Food Bank. Collection of Christmas gifts have been givèn to a local rèfu8è for domestic violence and distributed to local schools to be given to families in need. We continue to use social media as a way of connecting with the local community, bringing church and community together as one. We have a dedicated Facebook profile. The chuTch continue5 to develop links and extensive work is still beinÈ carried out with the primary schools and local nursery. Rev Lisa ha5 continued to develop the link with our church school. With regular vi51ts and working with the pupils in prayer walks around the school. We have a very strong partnership with our Church School. who have been able to hold VaTiOUS services in church this year with great attendance from families and friends establishinE a closer link with the community. This 15 now also developing within the local nursery. We have also launched a new team of volunteers who have been worklng enthusiastically together in partnership with the school to deliver Open the Book on a monthly basis. There has been a positive response from the school to this initiative. helping to build a stronger relationship. Messy Church returned on Good Friday after a short break and time to reflect. Sadly, numbers in attendance have continued to be low. We are considering if there is a need for this still in tsur context or if we need to reconsider a way forward. We have introduced 'Places of Welcome, which is part of a National Scheme. ThSs is a much-needed outreach within the community. A safe warm place with free refreshments. A place to make friends and meet people, where people can connect, belong and tontributè. 8ringin8 Church and Community together. MeetingeveryThursday mornin8 from 10.30am- 12.30pm. This i5 held in the Comrnvnity Hall. We have introduced a Golden Oldies Film Club once a month. We watch a classlc movle and then share in fellowship over a hot ojp of soup and a bread roll. A150, Throughout the School Holidays we havè introduced 'Movie Month, A movie has been on in Church twi a week with free treats and refreshments. this has been a greatly received and attended. Plans forstjohn's Baby & Toddler Group are beginning to happen with hopes thatthi5 much needed outreach will once again return by Spring 2024. Poge 3
Pastoral Care Pastoral care continues to be an important part of St John's Ministry. Members of our parish who are unable to attend church due to 5ickne55 or age are visited or contacted regularly for pastoral care and to celebrate communion with thern either at their homes or in hospital if requested. We have a dedicated Pastoral Team who meet on a regular basis. Deanery Synod Three members of the PCC sit on the deanery synod, This provide5 the PCC with an irnportant link between the parish and the wider Structures of the church. Our PCC Secretary has now retired as the Deanery Secretary. The Community Hall The Hall is a warm welcoming place. The use of the Hall by the church and local community continues. There has been a steady intrea5e in community groups using the HHII facilities, including our local Guiding Groups, an AA Group, The Women's Institute, Karate Club, Musi¢ Band, Keep Fit Classes, NHS Self Care, Local Polling Station and Sea Cadets. The facilities are also available to lettings for children's birthday parties. baptism and funeral receptions. Sodal Events St. johns alms to have a varled soclal and fundraising prDgramme. This ha5 increased this year. We have held Quiz nights. Beetle Orive, jumble sales Concerts, Harvest Supper, Summer Fayre and Chri5tma5 Fayre. Brookland Road Cemetery A small team of volunteers have continued to rnaintain the churchyard at Brookland Road. They have worked eKtremely hard looking after the vast 3reas keeping the churchyard neat and tidy. Our thanks go out to everyone who has helped in some wav. The Churchyard is now fvll for new 8raves, therefore only re-openin8s are perrnitted. Fabric Re ort The Church and Community Hall are fully back to normal Tunning with maintenance continually ongoing. The Boilers in both have been serviced and a Gas certificate issued. The Llghtning Conductor on the Church was found to be faulty but this was repaId immediately and we have received a Li8htnin8 Conductor Certificate for a further year. 2023 saw our QLtinquennial Inspection which highlighted varioS causes of concern. The vegetation from the Bell Tower has been removed as highlighted in the report. Enquiries will be made into 8rant5 to help with major Tepèirs. We will employ a struttural engineer for guidan and hope to address the cracks around the Sanctuary. We a150 hope to addre55 the rustin8 of the bell casement. The chairs in church are in the process of being reupholstered. Flnancial Review At the end of the year there was an unrestricted reserve balan of £S.687, compared to £6,191 from 2022. The Church has numerous 'Designated' funds due to the various ¢ommltted activities. in particular Buildin8, Thanks8ivin8 and Mission Funds. Whilst it should be noted the designated fund5 are unrestricted funds, the value in these funds is monitored regularly to ensure there are ènou8h unrestricted funds to maintain support for committed cost5 in the Paf*Sh. F¢llowlng a very difficult flnanclal perlod for the Church over many years, liabilities have been considerably reduced to manageable levels. The Church of England Common Fund has replaced the Parish Share in name and its calculation for every Parish ha5 been welcomed. It is hoped that this major expense to a Parish is a 5UStainable and fair source of funding for the provision of cler8y in the Di¢xese. Our principal Source of fundraisin8 IS the giving bythe members of the church supported by a range of fundraising events throughout the year. However, all streams of income suffered following the outbreak of the Covid-19 pandemic. AttendanS at church have recovered to a certain exrent, but our finances remain under constant Teview. Page 4
We make extensive use of the oppoitunities provided by the Gift Aid Scheme. Our expenditure supports the mi55ion of the church through the maintenance and development of buildings and equipment. the funding of running cost5 and the payment of salaries. expènses, fees and the Common Fund (Parish Share). In addition, funding has 5UPPOrted the church's work in our own community, as well as supportin8 Other charities and good caSeS. Reserves Policy It is PCC policy to try to maintain a balance on free reserves (net current asset5 plus investments In the general unrestricted fundl which equates to at least three months general unrestricted fund payment5. In 2023 this was equivalent to £19.20412022'. £12,770). It 15 held to Smooth out fluctuations in cash flow ènd to meet emergencies. The balance of the free reserve5 at the year-end was £5.68712022.' £6,191) which is considerably lower than this target. The PCC are aware of this position and aim to build up reserves when able to. It is our poliry to invest the short-term investment fund balances with the CCLA Church of England Deposit Fund and the remainder in the CCLA Church of En8land Investment Fund. Investment Pollcv The charlty is @ranted 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 15 appropriate before investments are undertaken. This advice Is stsught from the Central Board of Finance ICCLAI 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-t8Tm responsibilities the trustees are aware of their long-term responsibilities In respec¢ 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 realise investments to meèt operational needs. The charity does not have policy of generating income at excessive 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 incorne while preserving the real value of it5 funds. Due to the nature of the charity. an ethical investment policy is taken into consideration when investrnents are made.. The charity follows the Ethical Investment Advisory policy as recommended by the Lichfield Diocese which includes the followin8- 'We aim to invest In companies that- will develop their business in the interests of shareholder5,' demonstrate responsible employment practices,. are conscientious concerning i55ue5 of corporate governance, the envlronment and human rights,. are sensitive to the community in which they operate.. Planned 8ivin& collection5 and donations are the maln sources of fund raisin8 along with tax recoverable. Safeguardlng The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 Iduty to have due regard to House of Bishops, guidance on safeguarding chlldren and vulnerable adults). Reporting Serious Incidents A Serlous Incident is an adversè event, whether actual or alleged. whith results in or risk5 significant harm to the charity's beneficiaries, employees, office holders. volunteers or to others who corne into contact with the charity through its work, loss of the charit(s money or assets. damage to the charity's property or harm to the charlty's work or reputation. The trustees are not aware of any Serious Incidents in the last year. Pttge 5
Fundrais5ng The PCC takes it's fundraising responsibilities seriously and Is very grateful to all donors- whether regular or occasional for their support of the church and church events. PCC supporters are nevertaken forgranted. The PCC take full responsibility forfundraising and do not use commercial organisations or professional fundraisers. All money raised is either by donations, fundraising events. special appeals or legacies for which the PCC are most grateful. Volunteers The member5 of the PCC would like to thank all the volunteers who work so hard to make our Church a lively and vibrant community. Our special thanks go to our Church Wardens, Lay Chaii, PCC Secretary and Treasurer, who have supported our Minister throughout the first half of her Interim appointment. Future Plans As we continue to be in uncertain times. there is always an ongoin8 concern for a potential shortfall in funding again in 2024. The Cost of Living crisis fuelled by unprecedented enèrgy cost5 Ha5 already put an extra strain on sources of Parlsh income and church resources. We are conscious of the need to increase our regulargiving as a Churth Family to support the 8rowth of the Church and to contribute to major repalr work that will need to be made to the church Structure during the year, following the recent Quinquennial Report. Our hope is to welcome more parishioners into our Church in 2024, whether that be to worship or to attend the special family OCCa5ion5 for weddings, baptisms or funerals. St John'5 must remain at the heart of the Community of Walsall Wood. Rlsk Management The Church Wardens carry out regular Health and Safety Review5 and regularly inspect premises for potential hazard5. We have safeguarding policies Sn place for child protectlon 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 risks which may impact the work of the Church in the Parish is on80in8. Structure, Governance and Management The PCC is a Body Corporate established by the Church of En8land and is a Charity reBi5tered with the Charity Commission The PCC is governed by the Parochial Church Council Power5 Measure119561 as amended that came into effect on 2nd January 1957, and the Church Representation Rules Icontained 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 Couneil ¢omprise5 the Incumbent. the Chur¢hwardens, a representative of the Readers, those elected to the Deanery Synod, and other members who are eletted at the Annual parochial Church Meetin& by those on the Electoral Roll. The PCC members receive tralning from courses run by the Diocese. Members of the congregation are always urged to join the Elettoral Roll, and to stand for election to the PCC. The PCC members are responsible for making decisions on all matter5 of general conrn and importance in the parish, and for all flnanclal matters. The PCC meet at least 6 times a year. Related Parties Donatlons from Related Parties Donation5 from related parties during the year totalled £14.141 12022: £14.1111. these donations were received without condition5. Remuneratlon paid to Trustees No remuneration was paid to any Trustee durln8 the year. Expenses pald to Trustees One Trustee was reimbursed £1,50712022.. 9211 for tèlephone and broadband expenses durin8 the year. Puge 6
Reference and Administrative deteils The Church 15 Sltuated at High Street. Wa15all Wood, Walsall, WS9 9LP. and is part of the Deanery of Walsall, in the Diocese of The correspondence addre55 15.. The VicardEe, 2 Stjohn's Close, Walsall Wood. Walsall. WS9 gNJ. Registered charity number 1138950. Our websf(e address is WWW.stjohnswalsallwood.corn PCC members who have Served from 1st January 2023 until the date this report was approved were: Ex offitio Members The Incumbent Reverend Llsa Mitchell Churthwarden5 Sharon Hod8etts Jane Lavender DeanerySynod Reps ValErie Benford land Secretary) Colin Roberts Sue Pugh Elected Members Robert Graingor (Lay Chairl Robert WorrdS10 ITreasurerl Sue Barlev Helen Harr (until 23141231 Doreen Sears Glllian Rigby Barbara Grainger Jean King M¢Jupe Oni (from 23141231 The Patron of Stjohn's, wa11 Wood is the Rector of St Matthews, Walsall. NarrEs and addresses of advisers Bank HSBC 5 Anchor Road, Aldridge, Walsall, WS9 SAD Investment Mana8ers CCLA Investment Management Ltd l Angel Lane, London EC4R 3AB Independent Examiner Cosy Bagot jeWt Lichfield Dio¢esan Board of Flnan¢e St Marys House, Th$ Closé, Llchfield. W513 7LD Approved by the PCC on.......-..... ...... .............. ...- 2024 and slgned on Its behalf by Mitchell (Chairl Valerie Benford ISeEretaryl Page 7
Independent Examinerfs report to the trusteeslmembers of The PCC of The Parlsh of Walsall Wood St John Registered charity number 1138950 I report on the account5 for the year ended 31 December 2023 which are set out on the followin8 Pa8es. Re5 ective rès onsibilTrties of the Tru5tee5 and Inde èndent Examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit 15 not required for this year under Section 144 of the Charlties Act 2011 Ithe Charitie5 Act) and that an Independent examination Is needed. It is my responsibilltv to eyamine the accounts under section 14S of the Charities Act, to follow the procedures laid down in the General Directions given by the Charity Commi$5ion (under section 14515llbl of the Charities Act, and to state whether particular matters have come to my attention. Ba515 of Inde endent Examlner's Statement My examination wa5 carried out in accordance with the General Dlrections given by the Charity Commission. An examlnatlon includes a review of the accountine records kept by the charity and a comparison of the account5 presented with those Te¢ords. It also includes consideration of any unusual iterns 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 tonsequently no opinion 15 given as to whether the accounts present a "tTue and fairt view and the report is limited to those matter5 set out in the statement below. Inde endent Examiner's Statement In connection with my examination, no material matters have corne to my attention which Èlves 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 a¢¢ountlng records the accounts do not comply with the applicable requirernents 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 examlnation to which attention should be drawn in order to ènable a proper understanding of the accounts to be reached. Signed.. Cosy Bagot Je For and on behalf of Lichfield Diocesan Board of Finance St Mary's House. The Close, Lichfield W513 7LD Date.. Page 8
The Parish of Walsall Wood St John Notes to the Financial Statements For the year ended 31" December 2023 Accountlng Pollc5es The PCC is a public benefit entity within the meaning of FRS 102. The financial slatements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 8overnin8 the individual accounts of PCC5. and with the Regulations true and fair view" provisions. They have also been prepared in accordan with the Charities SORP IFRS 1021. The finanaal statements have been prepared under the hlstorlcal cost convention wlth Items recognlsed at cost or transactlon value unless otherwise stated in the relevant notes to these account5. Th8 financial statements include all transaCtion5, assets and liabilities for which the PCC is responsible in law. They do not include the account5 of church 8roups that owe their rnain affiliation to another body nor those that are informal gatherings of Church members. There rnay 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. Golng Concern There are no material unceitainties related to events or conditions that cast significant doubt on thè charity's ability to continue as a going concern. Whilst free reserves (see page 51 are low1£5,6871 compared to three months unrestricted expenditure 1£19,2041, the PCC have significant designated reserves1£49.9741 which could be called upon rf necessary. AccountlnB Estlmates and Prlor Year Errors No changes to accountlng estlmates have occurred in the reportlng period. No material prior year error5 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 @eneral purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spendin8 on a future project and which are therefore not included in its "free reserves" as disclosed in the trustees, annual report. An explanation of purpose of each Designated fund are as follows.. Nameoffund Purpose Admin Bible For administration purposes To purchase School leaver bible5 Maintenance of the Church Building Votive candles / Purchase Altar requirements Donations and Collections for specific charities Photocopier For the maintenance of the Churchyard Children and Young People fund Flowers in Church Building Candles Char Copier Churchyard Maintenance Children & Young People Flower Gown Gowns in Church Inv Shares we hold Mlssion Fundlng for Mlsslon of the church Maintenance of the Organ and Muslc In Church Muslc Page 9
ThanksglvSng Tower Thanksgivlng Maintenance of Church Tower and Electrics Vicar's Discretionary fund Vicara8e Decoration Purchase of Youth Bibles VDF Vit Youth Restricted funds comprise of two elements :_ al income from trusts or endowmen15 which may be expended only on those restricted objects provided In the tem5 of the trust or bequest bl donations or grants received for a specific object or invited by the PCC for a specific objèct. The fund5 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 Indlvidual funds on an average balance basi5. An explanation of purpose of each Restricted fund are as follows.. Name offund Purpose Baby Charity Compassion Churchyard Appeal Churchyard Maintenance Children & Young People Baby & Toddler Group Donations and Collections for specific charitles Children Sponsored through Compassion Brookland Road Churchyard Malntenance Churchyard Maintenance Children and Young People fund Donation for Church Hall Pastoral Pastoral Support as required Thanksgiving for use of the church for larger Items Maintenance of Church Tower and Electrlcs Thanks Tower R Endowment funds are restricted fund5 that rnust be retsined as trust fdpital either permanently or subject to a discretionary power to spend fdpital a5 income, and where the use of any income or other benefit derlved from the capital rnay be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts. Income Planned givin& collections and donations are recognised when received or when the PCC becomes entitled to the resour 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 15 legally entitled to the amounts due and the monetary value can be rneasured with sufficient reliability. Dividend5 are accounted for when receivable. interest is a¢¢rued. All other income is reco8nised when it is receivable. All incoming resources are accounted for gross. Expenditure Grants and donation5 are accounted ftsr when paid over, or when awarded, if that award creates a binding or constructlve obligation on the PCC. The dlocesan parish Share 15 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 aecounted for gross. Governance and Support Costs Support Costs should be allocated between governance costs and other support. Governance costs ¢omprlse all costs involving publlc accountability of the PCC and its compliance with regulation and good practice. Support costs include central functions and have been allocated to artivity cost categorie5 on a basis consistent with the use of resources e8 by allocating staff ¢tssts by time Spent and other costs by their usage. Poge 10
Accounting Policles continuèd Fimed A55e15 Consecrated and benefice property is not included in the accounts by 5.1012llal&lCI of the Charities Act 2011. Moveable church furnishing5 held by the Vicar and Churchwardens on special trust for the PCC and which requirè a faculty for disposal 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 insuffiaent Cost informatlon available and therefore such a55ets are not valued in the financial statements. Investments Investments in quoted share5, traded bonds and similar investments are valued initially at cost and subsequently at market value at the year end. Investrnent5 held for re-sale are treated as current asset investments. Debtors Debtors are measured on inltlal recognition at settlement amount. Subsequently they are measured at cash expected to be received. Creditors and Accruals Creditor5 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 repoiting date. Puge 11
Parochial Church Council of Walsall Wood St John st Financial Statements for the Year Ended 31 December 2023 Statemènt of Financlal Activlties Unrestrl¢ted Designated Restrleted Endowment funds funds funds funds Totsl Prior year fund5 total funds In¢ome and endowments from.. Donation5 and legacie5 Incorne frn charitable activities Other trading activities Investments Total Incorne 47.565 10,980 5,674 1,572 65.791 2,732 424 4,729 55.026 11.404 5.674 1.573 73.677 52.567 8.031 5.413 1,001 67.012 3.156 4.730 Expendituffj on.. Raising fund$ Expendltu on charitable artIeS Total expeTbditure 603 76,214 76.817 603 2.028 2,028 5.253 5.253 56.935 66.935 84,098 Met income I18xp¢nditUTel resour¢es bBf¢xe transler 111.02S1 1.128 15231 110,4211 10,077 Tran5fvrs Gros5 tran5f8rs btheen funds- In Gr055 transfers funds- out Other recognised galn5 1 losse8 Gains 11055es on InVestent assets Net movernent In fund$ 10,778 12S71 237 110.7381 40 1601 11,0SS 111,0551 2,716 17,7051 3.851 8,226 15041 16.65BI 15431 Totsl funds broughtlorward 6.191 56,780 41.594 104.565 98,339 Total funds carried foThvard 5.687 50,122 41.050 96.860 104,865 Represented by Unrestrlcted General fund 5.687 5,887 6.191 Designated Administration Building Candle5 Charitie5 ChikJreD & Young People Churchyard Maintenanre Fund Flower Fund Gown5 InvestrY*nts Mag&ine copying Mission Fund Mu$1¢ School Bible5 Thanksgwing Tower ViGars DiscFetionary Fund Vicarage Decoration Youth Bible5 196 7,578 196 7.S78 365 7,578 284 1,339 e95 7.81D 7D 1.027 28,864 1,563 3.789 1,268 859 859 1,027 31,580 1,027 31.580 3,789 1.LNJ6 688 2,000 47 3.789 1.006 688 2.OOQ 47 47 109 148 1.137 148 1,205 148 1,205 Restricted Baby & Toddler Charities Restricted Children & Young People Restricted Church Hall Churchyard Appeal Churchyard Maintenance Fund Restre Compassion- sponsored childran Pastoral Care- Elderly Thanksgiving Restricted Towel Restricted 200 146 11.980 520 10,847 7,502 4,763 1,034 3,554 504 200 146 11.980 520 10,847 7,502 4,763 1,034 3,554 504 544 146 11,980 520 10.847 7.975 2.890 1.034 5.154 504 Poge 12
Parochlal Church Council of Walsall Wood St John Flnancial Statements for the Year Ended 31" December 2023 Balance Sheet Total fndS Prior eAr funds Fixed assets Investments 31.580 31,6BO 28,864 CurreDta5$pts Debtors Cash at bank and in hand 1.091 78.933 80,022 64.132 68,9S8 Liabilitie5 Crtditor8=knounts aln9 due in one year 3,578 4,322 k322 Net cwrent assets les$ CUTf8nt liabilities 65.280 76,701 Total assets less curye55t liable5 98.86t¢ 104.S65 Totsl net assets le5$ Irabilitie5 96.860 104,565 RepRyEnted by Unrestrthd G&neial lurvj 5,687 6.191 D¢signd 1.027 31,580 3.789 1.006 2,000 47 1.027 26,864 3,789 1.268 Imiesbnenls mS1o Fund Music Thank$glvlng Tower Wi¢af$ Discretionary Fund Vicarage Decoration School Bibles Youth Bibles Administration Chatithes 8uikling Chur¢hyard Maintenance Fund Children & Young Peopte Candles Magazine Gopying Flower Fund 47 109 148 688 1,737 148 88 1.205 1,339 7,578 7.810 7.578 859 284 1.563 70 Beby & Toddler Thanksgniing RestriGted Tower Re6trictEd ChurGhyard Appeal chIren & Young People RestrKled Churchyard MainteTrance Fund Restricted Chairhes Restricted CotnpassJon- sponsored d)Ildren Church Hatl Pastor81 Care- Elderly 200 3,554 504 10.847 11.980 7,502 146 4.763 520 1,034 5,154 504 10,847 11.980 7,975 146 2,890 52 Funds of the Chch 96.860 104,565 Approved bythe Parochial Chur h Council on..... - 2024 and sSgned on its bèhalf by.. Signature......... NarTte.' The notes on the following PaEe5 form part of these accounts Page 13
Parochial Church Council of Walsall Wood St John 5t Financial Statements for the Year Ended 31 December 2023 Net assets- 2023 General Desl nated Restrlcted Endowment This ear Last ear Fixed assots. Investments Invesltnents- 31.580 31,580 31,580 31.580 28,864 28,864 Totals Current assets. Cash at bank ond lrt hand HSBC current aco)unt- Deposit accDunt- Baby & toddler account- HSBC Churchyard account. Petty cash- CBF Deposit account- CBF Churchyard account- IDS- 117.3891 11,888 8,904 11,608 13,518 3,122 25,4C6 2.321 45.569 344 25,849 58 4.589 55 148 78,933 7,999 58 496 4,377 17,355 29,731 5,114 5,610 57 148 64,132 57 148 18,$43 Totsls 3,QS1 42,538 Current assets- Debtors End of year Debtors- Octopus Energy- Prepayment- Accounts ReGewable- 99 1.400 3.327 4,826 1.091 1.400 3.327 4,826 Tota15 1.091 Liabilltles- Agency ac¢ounts Agency coll8ctiens- 1.487 1,487 1.526 1,526 Totals 1,487 Llablllfle8- Crethtors: Amounts lalllng in one year End of Year Creditors- End of year Accruals- End of year InGome in advance- Accounts Payable- 390 120 390 120 2.694 102 1.681 2,191 1.681 2.191 Totals 2.796 Grand total Fund movement by type- 2023 eniD Incomi Out oi Transfers Gainsllosseg Closin 8aby- Baby & Ttsddler Restricted 200 200 Sub4otal for Baby Blble- School Bible5 Designated 688 688 688 sUtOtal for Blble Build- Buildino DesigTraied 7.578 7,S78 7.578 7.578 Sub-total lor BLMld CYApp- Churchyard Appeal Restricted 10.847 10,847 10.847 10,847 SUtA0t for CYApp CYM- Churchyard Ma4nt8nan Designated 7.810 7,810 320 320 923 923 7.206 17,2061 Sub4otal for CYM Poge 14
YP- Children & Young Pgo Oesignated 695 695 344 344 180 180 859 859 Su&total for CYP CYPR. Chlldrgn & Young Peo Re$tricled 11.980 11,980 11.980 11.980 Sub-total for CYPR CYR- Churchyard Malntenan Raslrthd 7.975 7,975 454 20 7.502 7,502 Sub4o¢al for CYR Candles- Candles De5Jnated 284 284 12841 SUtal for Candles Charlty- Charltles R8Strlcted Reslrthd 146 146 146 SU[t01a1 for Charlty Comp. Compas$ron- sponsor Rostrfctsd 2.890 2,890 3.329 3,329 1.456 1,456 Sub-total for Comp 4.763 Copler- Magazfjno Copying Designatsd 1.563 1.563 1,563 11,5631 Sub-t)tal for C¢)pier Flower- Flower Fund De5ignalFd 70 70 70 70 Sub-total for Flower Gown. Gown$ DeSrtated 1.027 1,027 Sub-total for Gown 1.027 HALL- Church Hall Restricted 520 520 520 520 Sub.totsl for HALL INV- Irwestn1B Designated 28,884 28.864 2,716 2.716 31.580 31,580 Sub-total tor INV Mi55ion- Mission Fd Designated 3,789 3,789 Sub-total for M15slon 3,789 Muslc- Muslc De%gnated 1.268 1,268 424 424 886 SU0t#1 for Muslc 1,006 Pastoral - Pastoral Car. Elde Reslrited 1.034 1,034 Sub-totsl for Pastoral 1,034 TG- Thanksglvlng Designated 2.000 2,000 2.0 4000 Sub-total forTG Tower. Tower Designated 47 47 47 47 sub.total lorTower VDF- Vlcarf8 Dlscr8tlonar Designated 109 11091 Sub-total forVDF 109 Vlc- Vicarag• Deeoratlon Oesignaled 148 148 Sutstotal for Vlc Youth- Youth Blble5 Deswnaled 1.137 1,205 Poge 15
sub.total for Youth 1,137 69 1.205 admSn- Adminlstration Designated 365 365 169 169 196 196 Stotal for admin char- Charities Designated 1.339 1,339 1,339 11.3391 Su&tot81 for ¢har thanks- Thanksgiving R8Strfc Resthcled 3.554 3.554 Sub4otal for thanks 5,154 1,400 3,000 towerR. Tower Restricted Restricted 504 504 504 504 Sub.t¢)tsl ftsrtowerR General- General fund Unrestricted 6.191 6,191 65.791 65,791 76.817 76.817 10.521 10,521 5.687 5,687 Sub-totsl for General Grand total 104,565 73,671 84,098 2.716 96.860 Analysis of Transfer between Funds- 2023 l)ebit Credlt Deserlption TRF TOGEN FUND Furtd Fund Type Des 284.47 Candles 284.47 TRF FROMCANDLE DES General Unr 1,338.80 TRFTO GEN FUND TRF FROMCHARITIES DES char General Des 1,338.80 Unr 1,582.64 TRFTO GEN FUND TRF FROMCOPIER DES Copier General Des Unr 1,562.64 109.01 TRF TO GEN FUND Des Unr 109.01 TRF FROMVICARS DF DES TRF TOMUSIC General General 216.96 Unr 216.96 TRFTO MUSIC TO CoMPS1ON SIC Des 40 General Unr 40 FROM GEN TRFTO GEN FUND Comp Res 7,228.35 Des 7,226.35 TRF FROMCYM TRFTOGEN FUND General sic GÈlleial Unr 216.96 Des 216.96 MUSIC TRF Unr 40 TO GEN Comp General Res 40 FROM COMPPSSION Unr Res DÈS 20 TO CLEAR DES FUND TRF FROM RES FUND CYR CYM 20 Analysis of Transfer between Funds- 2022 No transfers Poge 16
INCOME AND ENDOWMENTS Donations and legacles Gift Aid ctslledions Giving Direct GA Donation Gift Aid- Envelopes Other planned giving Church collections Collecti)S Baptism, Funerals, Weddings Collections funerals Collections weddings Messy Church collections Contactless Receipts Donations Appeals Donations compassion- use 0550 1 Compas Donation ffower fund Donation ()Iher Candle Stand donalions Donations appeals etc Tax re¢overable on Gift Aid Non-recurring one-off grants Fundraising & Social Events Weddings and Funerals - Heating Summer I Christmas Fayre Churchyard Appeal - use 0550 or 09011F 10,084 2,000 12.084 1,400 8.391 10 5,123 9.394 5.290 4.007 622 1,400 10,39S 4,718 5,316 2Q7 10,3 4,718 5,316 207 818 20 818 20 307 13 338 338 936 3.329 3,329 3.033 78 830 166 fj96 163 462 7,626 1,000 2,224 732 1,428 163 462 7,626 1.(X)O 2.224 8,727 950 3,251 3.e64 3.664 1,357 20 Total 47.565 2,732 4,729 55,026 S2,567 Income from charitable actlvltles PCC fees wedding PCC Fees Weddings and Funerals PCC Loc81 Fees Miscellaneous 406 8,621 1.953 406 8.621 2.377 1.336 5,818 872 424 Total io,g80 424 11.404 8,031 other trading activities Magazine adverts (use 12501 Bookstall 12rd sales Comrnunity hall lettings- use 1230 P8rish magazine sales Church room lettings- us 1230 280 13 5.057 224 100 5.674 410 13 5,057 224 100 5.674 3,107 236 1.660 5,413 Total Investments Dlvidends Inlèresl doposil aGcount- USE 1020 Interest CBF account- USE 1020 Interest CBF Churchyard aeount- USE 102 Dividends Investment alc CB3O2806&1- 15 536 157 15 536 157 15 71 56 863 863 858 Total INCOME TOTAL 1,572 65.791 1,573 73,677 4,730 Pt7ge 17
EXPENDITURE Raising funds Costs of stewardship Ggmpaign Costs offeles & other events 216 387 216 387 603 Total Expenditure on charitable activities Giving to missionary soaeties Giving- relief and development agencies Giving Home mission Giving Secular charities Secular charities compassion Common Fund Common Fund Special Assessment Diocesan Parish Share Write Off Salary of secretary Cleaning wages of cleaner Working exps of other ministers Parsonage house expenses Vicarfs telephone Mission - USE 2201 Parish training and Mission Deanery ¢ontrlbution Equipment Misc Wasta Hospitality Maint of healing & light equlp Maint ol other equipment Organ I piano tuning Organ Piano Repairs Minor repairs linc routine maintl Church maintenance Cleaning materials Upkeep of seTViC8S Allar requisites Music- USE 2340 IMUSIC FUND Licence fees Ministerial SOUrceS Upkeep of churchyard Mainl of churchyards Mainl rep of churchyard equip Administration Church Office phone Slalionery el Copier Postage Software Children Young Peoples work Flower fund exp Church insuran Church Electric Church Gas Church Water Magazine expenses Hall electhcity Hall gas Hall insurance Hall equipment Hall waste Hall deaner Hall cleaning rnaterials 120 211 120 211 120 497 344 84 45,192 13,1921 1,456 1.604 45.192 15.1921 113,3641 2.859 45,192 13,1921 4,237 120 4,237 120 45 g92 921 118 18 105 1.611 175 20 90 1,050 74 224 359 717 73 1.611 175 20 90 1.050 74 224 359 717 73 434 125 317 2,046 236 206 489 260 48 402 434 125 317 2,046 105 1,573 2,121 763 70 2,190 763 127 361 1,385 103 110 226 117 127 361 24 134 88 1,413 826 454 1,183 598 1,296 277 1,157 242 157 845 1.157 412 157 169 466 234 234 180 281 450 70 2,715 1,629 2,455 315 439 900 1,589 817 488 2( 180 2,915 2,197 5,004 233 719 1,494 811 871 2,915 2,197 5,004 233 719 1,494 811 871 17 224 810 224 810 10 Poge 18
Hall misc Hall maintenance Book Keeping Costs- use 2360 Church major repairs- installation Total EXPENDITURE TOTAL 30 870 590 870 281 450 3,000 5,253 5,253 3,0 76.214 76.817 2,028 2,028 84.098 58.935 GRAND TOTAL 11,025 1,128 523 10,421 10,077 Allocatlon 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 whlch comprises the majority of its expenditure and as such are automaticallv charged there. stsff Costs 2023 2022 Wages & Salarie5 £4,237 £ 2,859 Average number of employees During the year the PCC employed an administrator Ipart-timel for part of the year and no payments were large enough to attract social security costs. There were no employee benefits to key management personnel in the previous or current year. Related Parties Donation5 from Related Parties Donations frorn related partie5 durin8 the year totalled £14,14112022.' £14,111). All these donations were received without condition5. Remuneratlon paid to Trusteès No remuneratlon was paid to any trustee durlng the year. Expenses paid to Trustees I tTUStee was reimbursed £l.50712022'. £9211 for telephone and broadband expenses during the year. Fees for the examlnation of the accounts 2023 2022 Independent Examiner'5 fees Other fees le8 accountancy services includes cost of IE I £450 £450 Poge 19
Fimed Asset Investments Change in market value At31" Dec At I" Jan Additions Dlsposals Transfers Unrestrlcted funds Deslgnated Funds Investments 28,864 2.716 31,580 Restricted Funds Total 28,864 2,716 31.580 The investment is shares in the CBF Investment Fund CB3028066-001 Current Assets Debtors 2023 2022 Gift aid recoverable Prepayments and accrued income Other debtors 1.400 3,426 1,091 Total 4,826 1.091 Amounts falling due within one year 2023 2022 Income in advance Diocesan parish share Other creditors Agency frestrictEdJ Total 102 2,191 1,487 3.678 2,694 1,526 4.322 Pt7ge 20
Parochial Church Council of Walsall Wood St John 5t Financial Statements for the Year Ended 31 December 2023 Prior Year Comparatives Statement of Financial Actlvities- 2022 Umrestrieted Designated Restrieted Endowment funds funds funds funds Total Prior year lullds tot81 funds In¢ome and endowrnents from.. Donation$ and legacie5 Incorne from charitable activities Other trading activities Investments Totsl In¢ome 44.215 8.166 5,413 1,001 56.794 8.203 52.567 8,031 5.413 1.001 67.012 58.513 12.052 2.731 951 74,246 1.865 2.015 0.203 Expenditure on.. Raising funds Expenditure on charrtable active5 Total expenditure 101 51.172 51.273 51.080 61,080 3.246 3.246 2.e09 2,609 56.935 56.935 Net income I lexpondltuwl tpTt¢S before transfer 6,714 11,2311 6,594 10,077 22,974 Transfers Gr055 transfers belween funds- in Gr05s transfers betrieen funds- out Other recognised gains I losses Gain$ I losses on investment assets Gain$ on Valuab"On. fixed assets, charity& own Use Net mov8mont In fund$ 66D 16601 13.8511 13.8511 4,094 5,714 15,0821 5,594 6.226 27.068 Totsl fund8 brought forward 477 61,862 38,fy)O 98.339 71.271 Total fund5 carried foThvard 6,191 56.780 41.594 104,566 98,339 Analysis of Funds - 2022 General Desi nated Regtricted EndowrneRt Thi5 ear Last ear Flx8d assets- Inv8strn8nts Inveslm8nts- 28.864 28,864 28.864 28,864 32.715 32,715 Totals Current a558ts- Cash at bank and In hand HSBC current account- HSBC Churchyard account- Deposit account- CBF Deposit account- CBF ChurchyaFd account- IDS- Pety cash- Baby & toddkr account. 125.9481 11.7081 32,051 3.320 12931 16.147 10.769 12.122 16.789 13.518 2,321 25.849 45,56Q 4,589 55 148 58 344 78,933 9,097 23,747 42,867 3.675 1.269 348 148 625 58 7>4 80,918 58 Totals 7,480 28,333 43.120 Current a55ets - Debtors End of year Deblor5- Accounts Receivable- 1.091 1,091 Totals 1,091 1,091 804 Liabilltles- Agency accour Agency colkction5- 1.526 1,S26 Tota15 1.626 2.008 Page 21
Liabilities. Creditors- Amounts fzlling due In one year End of Year CreditOfS- End of year In¢ome in advance- Common Fund ArarS- AcGoun15 Payable- 2.277 102 417 2.694 102 13.364 726 14.090 Totals 2.379 417 2.796 Gr•nd tot41 6,191 56.780 41,594 Fund movement by type - 2022 enin Incomin Out oin Transfers Gainsllosses Closin Baby- Baby & Toddler Restricted 994 994 450 450 544 Sub40W lor Baby Blble-school 8lbles Designated 688 688 688 688 sub.total for Blblo Build 8uildlng Oesignaled 7,578 7.578 7.578 7,678 Sub-total for Bulld CYApp- Churchyard Appeal Reslricled 10.827 10,827 20 20 10,847 10.847 Sub-total for CYApp CYM. Churchyard Maintenan DeSnated 8.276 8.276 1,615 1.615 St01a1 for CYM 2.081 7,810 CYP. Chlldren & YourKJ Peo Designated 695 695 895 695 St01 for CYP CYPR- Children & Young Peo Restricted 11,980 11,980 11.980 11.980 Sub-total for CYPR CYR- Chur¢hyartl Malntonan Restri¢ted 7,825 7.825 150 150 Sub-total for CYR 7.975 Candles. Candles Deslgnated 284 2B4 284 284 sub.total for Candle$ Charlty - Charltle8 Restrlcted Restricted 196 196 50 so 146 146 Su&totsl for Charity Comp- Comp8551on. sponsof Restricted 1.431 1,431 1.574 1,674 2.890 2,890 SutOtal for Comp 3,033 Copler- Magazlne copylng Designated 1.563 1,663 1.563 1,563 Sub-totsl for Copler Flowef- Flower Fund D85ignated 87 87 78 78 95 96 70 70 Sub4otal for Flower Gown- Gowns Designated 1,027 1,027 Sub-total for Gown 1,027 HALL- Church Hall Restred 520 520 Poge 22
Sub-totsl for HALL 520 520 INV- Invèstm•nlS Designgied 28,864 28,864 Sut01 for INV 32.71S 13,8611 Mi5$ion. Mission Fun Desi4nated 118 118 3,789 3.78 Sub-total for Mission 3.907 Mu$lc- Muslc Designat8d 1.219 1.219 250 250 201 201 Sub-totsl for Mu5iG 1,26B Pastoral- Pastoral Care- Elde Reslrthd 1.034 1.034 1.034 1,034 sutrA0t for Pastoral Tower. Tower Designated 47 47 47 47 Sub.totsl forT•wer VDF. Wi¢*s Dlscretlonar Desvjnated 109 109 109 109 Sub-totsl for VDF Vre-Wicar8ge Decoratlon DÈsYJnated 625 625 477 477 148 148 Sub-total for Vic Youth- Youth Bibles Designated 1,065 1.065 72 72 1.137 1,137 Sub-total forYt)h adrnin- Administration De5ignaied 639 639 274 274 365 365 su101 lor admln ¢har. Charltles De$ignaled 1.339 1,339 Sub-total for char 1.339 Ihank8-Thank5giving Restric Restricted e89 689 535 535 Sub-total for thank5 s.000 5.1S4 tOW8rR-Tower Res¢18d Restricted 504 504 504 604 Sub-total for toweTR Gen•ral- General fund Unrt$trided 477 477 56.794 56.794 6,191 6,191 Sub.totsl for General 51.080 Grand total Page 23